Home Selling Blogs – Calgary

The familiar rhetoric about location as the primary determinant of North Calgary real estate value is only partially true. Where a property is situated is a part of the equation, but equally important to a home's value are the square footage, the style and the amenities. So, just what should a seller consider when setting a price? And how is it possible to determine that a price is neither too high, nor too low, for current market conditions.

Underpricing can, on occasion and in a hot market, help to promote a bidding war, but it is risky. Overpricing, on the other hand, often means that a home will be on the market longer than it should be, and a seller will often have to reduce the listing price one or more times. Here are some tips about how to set

When the time comes to sell your Calgary home, there is more to selling than simply staging the home. Choosing the right buyer is just as important. A good buyer will help ensure the process of selling your house goes smoothly. Failure to select the right buyer could lead to home selling delays or even a canceled purchase contract. Here's what you need to know.

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

Know the Warning Signs

Home buyers tend to follow a pattern. Good home buyers send their paperwork promptly, ask for what is fair and not more, and work with a real estate professional. Uncooperative home buyers will display warning signs that

Many homeowners dream of selling their house for cash, because home buyers with mortgages add additional risk to the home buying process. If the mortgage does not fund at the end of the transaction, the home buyer must back out of the contract without purchasing the home. This doesn't happen when selling a home to someone paying cash.

However, there can be dangers when selling a home to someone who pays in cash. Understanding the risks can help you decide whether you want to accept an offer from a cash buyer.

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

Know the Risks

Typically, cash buyers are investors, not homeowners. Investors buy homes

Selling a home can be both an exciting and challanging time in a homeowners life. One item that will need to be dealt with by a Canadian home seller is the Seller Disclosre Form. There have been cases of issues discovered by unsuspecting Canadian home buyers after closing on a home. Sellers may not have disclosed or been aware of problems such as mould behind walls, foundation cracks and basement flooding.

Sellers should understand that they may want to share certain types of information when selling a home and buyers would do well to take time to review a seller's disclosure. Understand more about a seller's disclosure on the sale of property in Canada.

For informational purposes only. Always consult with a licensed real estate professional

Selling a home can be stressful, especially if the buyer is unprepared or has unrealistic expectations. Fortunately, you can often identify these buyers from a distance, if you know the signs. If you're a homeowner who will soon be selling your home, watch out for these buyer red flags.

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

Extra Contingencies

Contingencies are statements written into the home purchase contract that allow the buyer to cancel under certain circumstances. Some contingencies commonly appear in most home purchase contracts. The financing contingency allows the home buyer to cancel if their loan doesn't fund. This is a very

Recording devices designed to provide security for a homeowner are commonplace today. Whether they're used to make sure the nanny is giving adequate care to children or to ensure the security of the perimeter of the home, home sellers could also be recording every transaction that occurs when a buyer is touring the home. While it's natural for homeowners to want to know what a potential home buyer really thinks about their Northeast Calgary home, the information they glean from these recordings could also be used to their advantages during negotiations. 

Innocent Banter Could Contain Valuable Information

It's normal for home buyers to talk among themselves regarding the features they find attractive as well as those that are questionable.

It can be difficult to sell unimproved land. There are generally fewer deductions that apply after a sale and it requires some measure of creativity to help prospective buyers envision the possibilities of a parcel of land. However, there are many who are interested in buying undeveloped land, much like buying a home. This audience may include those looking to live an off-grid lifestyle, others that want to use the land for recreational purposes or hunting, or that may want to use tracts for agriculture or other types of development. What should individuals know about selling land in Canada?

Offer a Crystal Clear Description

The land should be surveyed and provide the exact acreage and boundary locations. Access points would be worth noting

Some Canadian homeowners may be thinking about renting out a property for additional income or to ensure it appears occupied. This may be worth considering for individuals with multiple residences or vacation homes that are underutilized. However, the path to becoming a landlord may not be without its share of challenges. It may be useful to discuss this option with a financial planner to see if renting is feasible based on one's specific situation and any applicable housing laws of the area.

Explore a few important considerations before renting out a home today.

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

What Are the Responsibilities of a

Marketing is an important part of making a home sale. The way a home is marketed can affect how much money the home sells for and how quickly the home sells. In recent years, some new tools have been introduced to the real estate market. Homeowners who want to get creative with their home marketing strategy can use virtual reality to attract a wider audience and more home buyers. Here's what you need to know about virtual reality in home selling.

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

What Is Virtual Reality?

Virtual reality is a computer simulation that enables the user to experience a 3D computer generated environment. Virtual reality

Home foreclosures in Canada are a rather involved and somewhat complex process. It is through foreclosure action that lenders attempt to recoup arrears and principal balances on mortgages in default. Some of the most common causes of lenders initiating foreclosures include:

• Failure to make timely mortgage payments.
• Failing to pay homeowner taxes.
• Not carrying required home insurance coverage.
• Failure to pay HOA dues or fines.
• Permitting excessive property damage without making repairs.

The home foreclosure process in Alberta is called a Judicial Sale, and here is what homeowners can expect to occur throughout the procedure.

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