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Home Buying Blogs – Calgary

Home buying advice for Calgary, Alberta residents.

Found 44 blog entries about Home Buying Blogs – Calgary.

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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Chinese Investment in CanadaAlthough for the past several years foreign investment has fueled the real estate market and driven prices to new heights in select Canadian cities, those days may be ending. The frenzied buying habits of wealthy investors has been a mixed blessing for many cities, notably West Coast markets above and below the Canada/US border. Asian investment in cities including New York, Boston, Houston and Miami, is also well documented, but has not led to the unparalleled price increases experienced in Vancouver, B.C.

Escalating prices, properties left empty and untended by foreign owners, and an influx of non-resident owners has changed the face of real estate in some of those West Coast cities, including Seattle and San Francisco, and in other Canadian

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Your Guide to Understanding EscrowThe escrow period usually refers to the time between a seller accepting an official offer to buy a home to the time the house key transfers hands. Deposits will be held by either the real estate brokerage or the lawyer handling the sale. The seller will receive the money when all previously agreed upon obligations have been met. Some escrows are smooth sailing, but most have at least a few obstacles along the way. Use this guide to understand the rules, set expectations, and think a few steps ahead.

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

Stay in Touch

There will be a lot of people involved during a home's escrow period, which means buyers may

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Calgary Community Association CleanupCalgary is comprised of more than 200 amazing neighbourhoods.  If you’re purchasing a new Calgary home, familiarize yourself with your neighbourhood and learn how to get involved with your local community association.

A Personal Touch

While the city as a whole is operated by the municipal government with the Mayor and Councillors, each neighbourhood has a community association run by a volunteer directors and members.  It’s the purpose of each association to keep the community connected, to offer social programs and events and recreation.  Most associations, which are separate from home owners’ or residents’ associations, have a meeting hall and are responsible for operating the neighbourhood outdoor skating rinks.  The tireless volunteers

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Buying a Home in an Urban Area Buying a home in a big city can be very different from buying a home in a small town or a rural area. Parking, traffic and neighbourhood amenities can all impact a homeowner's experience in the area where they buy. Knowing what factors to consider can help you pick a property that will meet your needs and enhance your satisfaction with your home.

Visit the Neighbourhood Day and Night

Some neighbourhoods in big cities can change dramatically after the sun goes down. Prospective buyers spend time walking around their chosen neighbourhood after the sun goes down. If you don’t feel comfortable in the neighbourhood of your choice, keep looking until you find a place that’s right for you.

Drive the Commute

Big metro areas are known to have

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