Calgary Real Estate Blog

Jan 2019 Blog post

What’s Ahead for Real Estate in 2019?

As we begin another year, everyone wants to know: “Where is the housing market headed in 2019?”

 The Canadian real estate market experienced a cooldown in 2018 following years of rapid growth in some provinces.  Calgary and Alberta have been feeling the cool down for a few years now with major job losses.  Another factor affecting the market is the numerous interest rate hikes as well as the stress test. To help guide you through this shifting landscape, we’ve summarized some of the expert predictions and key factors expected to shape the housing market in 2019 and beyond.

SALES LEVELS WILL STABILIZE

 A combination of rising interest rates, provincial policy changes, and a newly-implemented “stress

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"... Your home is your castle--even when it's for sale..."

There are many reasons why it is important to price a home correctly in Calgary and also to market it properly.

Let's say your terms are competitive and your timing's clearly set. Now, what about your asking price? Without question, the price is your most important sales tool. The period of best opportunity for selling a home in Calgary at a reasonable price is the first four weeks after it is put on the market. Buyers who have seen most available listings are waiting for just the right house to come on the market. If your house is priced right from the beginning, you are in the best position to attract the maximum number of buyers able to pay the price your home is worth - and to sell your

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When you’re dealing with buying a home you may wonder which is a better choice for you.  Should you deal with, the Listing REALTOR® vs the Buying REALTOR®.  It’s always advisable to have your own REALTOR® and not go to the listing REALTOR®. This is because there are aspects under the Laws of Agency in Alberta that can put buyers who go to the listing REALTOR® at a real disadvantage.

When a member of the public goes directly to the listing REALTOR®, it puts the listing REALTOR® in a position where he represents both sides. The question that comes up under the law is, “How can the listing REALTOR® possibly represent both parties equally and fairly?” Because of this, when the listing agent represents both the buyer and seller, he/she becomes a

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Is it a Good Idea to Buy a Home Before I Sell Mine in Calgary, Alberta?

 

Whether or not to buy a home before selling your current home is the Catch 22 in real estate. When you do so, you’re taking a risk in that, depending on the market condition. Generally, it’s not advisable to do so, but if you’re in a rising market, it takes away some of the risk. However, if you’re in a declining market, don’t do it, unless you have lot’s of equity in your home.

It’s important to select a REALTOR® that understands market conditions, because that is the main factor that will influence your decision. Even in a balanced market, one that isn’t rising or declining and is sitting fairly constant, it’s bad advice to buy a home before selling yours.

Our average

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What is the Difference Between Prequalified and Preapproved Mortgages in Canada?

The public, and even many REALTORS® view preapproved and prequalified as being the same thing, but they’re not.

Prequalified Mortgages

Prequalification is based on general information that has been given to a mortgage broker or to your bank (whichever one you’re going to use). This is the first step in buying a home so that you know how much you can afford.

With a pre-qualification, the mortgage broker or bank looks at your total income and your debt and gives you a rough idea on how much you can borrow. In other words, they tell you the amount of money that you could qualify for from a lender.

The broker or the bank will calculate your affordability by doing a

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Selling a home in Calgary can be stressful. In fact, some might say it competes with events like divorce and bankruptcy as being among the most emotionally draining things a person encounters in their lifetime.

Sometimes people make the choice to go it alone when selling a property. Often it seems that homeowners don't think the cost of a REALTOR ® is feasible. Or they don't see the value in a partnership with an agent at all.

But taking a For Sale, By Owner (FSBO) position is not without risks. The most daunting risk is losing out on what could be.

Real Estate Agent transactions can sell for 25% more than FSBO transactions.  If money is the issue, securing up to 25% more on the value of your home would cover all brokerage fees with money in the

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The journey to sell a home is filled with many important steps.

From initial conversations to final signings, there are myriad details to tend to, including scheduling inspections, hiring a Real Estate Agent, setting and negotiating a price, sprucing up your home, and more.

As such, the process can easily become overwhelming, even for the most seasoned home seller. Mistakes are likely to happen.

That's why today, we're going over five of the most common mistakes that can occur when you have a house for sale in Calgary. Knowing the pitfalls ahead of time can help you stay on track, on time, and within budget.

Ready to learn more? Let's get started!

1. Posting Poor-Quality Pictures

A survey by the National Association of REALTORS® revealed

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When is the best time to sell your house in Calgary?

It's nearly been 10 years since the recession. The recovery of the housing market and related markets have been tamped down from sluggish, but generally positive moves in the job market recently. That being said, it looks like the road to recovery continues.

However, there are always glimmers. While board statistics provide a manageable tool to see the whole, they don't tell the whole story.

Real estate is an ultra-local focus. What's true in one area simply doesn't apply in others.

Meeting with a Real Estate Professional will help you to decide it now is the time to sell your house in Calgary.

You'll get the best information speaking with an experienced, local realtor in your area.

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Are you looking to sell your home quickly? If so, there are a few things you should know before putting your home on the market.

Of course, selling a home isn't an easy process, but there are things you can do to make it go as quickly and painlessly as possible. The good news is that if the market is good, most well-priced homes sell within 10 to 21 days.  The average days on the market for all real estate in  Calgary is 45 days according to the September CREB stats.

However, there are a lot of factors that determine how long your home will take to sell. Here are 8 of our best tips to help sell your home quickly:

1. Establish a Timeline

It's also important to establish a timeline when selling your home, but it's even better to do if you need a

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You've decided to sell your home and now there are countless questions running through your head. Where do you start? What type of Calgary brokerage firm will fit your needs and yield the best results?

It's common for home sellers to believe that using a large, franchised real estate brokerage firm will be more advantageous. It's understandable why people think this way, but it's a complete misconception.

In fact, there are a number of advantages to using an independent real estate firm that you're probably are unaware of. A REALTOR® enjoys a number of freedoms and advantages when working for an independent firm. This allows them to provide a level of service not always found at the large firms.

Personalized Service at an Independent Calgary

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The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.