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Home Buying Blogs – Calgary

Home buying advice for Calgary, Alberta residents.

Found 48 blog entries about Home Buying Blogs – Calgary.

Everything You Need to Know About Home ClosingHome closing is the final step of the home buying process. If you're thinking about purchasing a home, or if you're in the middle of buying a home, you should know about home closing. Knowing what's coming, how much money you can expect to spend at closing and what you can do to save money at close can help you have a good home buying experience. Here's what you need to know.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

What Is Home Closing?

After going through inspections, negotiations and all the legal and administrative motions that must happen in order to buy a home, home closing is the final step of the home purchase. Closing is when ownership

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Create a Home-buying BudgetWith the advantages of buying a home, many Canadian residents wonder how much home they can reasonably afford. After all, the price of a listed home is not the only factor to consider before making a purchase.

A home buying budget is important, although not the most exciting part of the home buying process. Rather than struggle with mortgage payments and maintenance costs, Canadian residents can feel confident with the knowledge that they have the extra funds they may need for unexpected expenses. Make timely mortgage payments and build equity when starting off with a home-buying budget.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

Examine Current

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Historic Homes: What Home Buyers Need to KnowHistoric homes are beautiful, romantic and fun to own. However, if you're thinking about buying a historic home and you've never owned one before, preparing yourself can help make the experience a good one. Here's what you need to know about buying a home with historic value.

Budget for Maintenance

Historic homes may have a lot of deferred maintenance. Original features in particular tend to need extra love and care to ensure that they can continue to function. Homeowners are encouraged to budget at least 1% of their home's value for home maintenance every year. Homeowners with historic properties may need to set aside more to ensure they can keep their home functioning.

One of the factors that affects the cost of maintenance is whether

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Popular Floor PlansA different floor plan can help homeowners meet their unique objectives. Buyers may have to ask themselves what they hope to accomplish before choosing among popular floor plans when buying a new home. Times have changed and so have the options available to today's home buyer. Learn more about the open floor plan and traditional floor plan to get real value from a future home purchase.

What Is an Open Floor Plan?

One of the most popular floor plans seen in homes is the open floor plan. This layout can serve to improve the flow in a home and make spaces look larger. This is achieved through the elimination of some non-essential partition walls. Two or more different spaces may then be joined together. Since the early 90s, this floor plan has

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4 Things You Should Know About Tiny HomesDownsizing is a great option for many home buyers, but right now some people are taking downsizing to the extreme by building or buying tiny homes. Tiny homes are exactly what they sound like, but in order for a tiny home to truly be tiny, it should fall between 400-600 square feet, though some can be as small as just 160 square feet. They cost anywhere from $10,000-100,000 depending on how it’s made, which can make them sound appealing, but tiny homes come with a lot of risks and variables that need to be accounted for. Here is what every buyer needs to know before investing in a tiny home.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Tiny Homes

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Considering Buying in an Age-Restricted Community? What Smart Shoppers Need to Know FirstBuying a home in Canada is governed by many anti-discrimination laws and regulations. According to Canadian lawm there cannot be housing discrimination based on a persons age. However, there is an exception for senior housing. Age-restricted communities go by a number of names such as independent living, 55-plus, active adult living and others. In fact, these types of communities are the only exception to fair housing laws that prevent age discrimination. While they aren't necessary designed to ‘discriminate,' these housing communities are often geared towards seniors.

This means they might offer amenities such as game nights, golf courses, pools and other features seniors might enjoy within a quiet place to retire with a relatively low

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Never Do This Before Applying for a MortgageMany Canadians look forward to being in the position to buy a new home. The ability to make renovations on a property and build equity in a home with each mortgage payment are only a few reasons many decide to purchase property. The majority of first-time home buyers cannot afford to buy property without working with a mortgage lender, and there may be mistakes made before applying for a mortgage that reduces the likelihood of approval.

Canadian residents can increase their chances of being approved for home mortgage loan. Learn more about the pitfalls that can undermine mortgage applicants today.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

Credit

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What You Need to Know About the Debt-to-Income RatioAlong with credit score and total assets, the debt-to-income (DTI) ratio is an important component for lenders. Even people with perfect credit scores can be turned down from their dream mortgage if their debt is too high in proportion to their income. It is important to not only understand what the DTI ratio is, but also discuss other aspects of the sometimes confusing mortgage process with a mortgage lender prior to searching for a new home to purchase. How can potential home buyers become a more attractive candidate for a loan?

For informational purposes only. Always consult with a financial advisor before proceeding with any real estate transaction.

What Exactly Is DTI?

When lenders calculate your debt-to-income ratio, or DTI, they

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4 Must-Include Items In Every OfferWhen a home buyer has finally found a home that they love and want to buy it, it comes time to make an offer. But what many buyers don’t realize is that there’s more to making an offer than just naming a price. Offering on a home requires extra pieces that all work in tandem to convince the homeowner to accept it. Here is what all home buyers need to include in their offers to make them the best they can be.

For informational purposes only. Always consult with a licensed real estate professional and mortgage broker before proceeding with any real estate transaction.

1. The Offered Price, Down Payment, and Earnest Money

The most important part of an offer is of course going to be the price that the buyer wants to pay. Whether it’s $50,000

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Why Customer Service in Real Estate Is So ImportantThere is no such thing as perfection when it comes to customer service in real estate. Some agents may have mastered their skills more than others, but it's always going to be a never-ending quest to get right. Yet those agents that take the time to learn from their mistakes are usually the same ones who end up with a very long and fruitful career.

Committing to Your Craft

It's easy to be pleasant when there's only one fire to put out every few months. But in customer service, agents and those dealing with the public need to be ready to handle crisis after crisis without losing their cool. Those who find themselves starting to crumble after their first major issue may find it hard to handle the next one. Decisions like whether to buy a home

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