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Common Mistakes to Avoid When Selling Your Calgary Home

Common Mistakes to Avoid When Selling Your Calgary Home

Calgary Home for Sale

Even people who have been selling Calgary homes for decades still make mistakes. Often, these crucial mistakes unable them to find people who are willing to purchase their home at desired price. These mistakes have to be avoided at all costs.

Here are some of the most common mistakes committed – mistakes that you should try your best not to commit when selling your Calgary home.

Showing bad photos

Many people look to listings on the newspaper, on the internet, or other such sources for information regarding properties for sale. When putting up an advertisement, it is best to put in the best photos possible. Using a high end camera or hiring a professional photographer to take...

For Calgary's Best Real Estate Value, Look West

Calgary West

While drilling down into some of the new statistics that the Calgary Real Estate Board recently released, we discovered something very interesting.   The district of Calgary West  which is loosely defined as everything west of Crowchild Trail, north of Glenmore Trail/Highway 8 and south of the river or Trans-Canada Highway, is one of the city’s most stable market areas. That’s in all housing types, from single-family to attached, town homes and condos.  Calgary West showed the strongest annual growth in 2017 with only City Centre to look up to.

The Proof is in the Numbers

As the following chart will show, the communities in Calgary West survived the recent downturn as the best for single-family homes and was the runner-up for apartment...

Calgary Real Estate Board 2018 Forecast Calls for Scattered Optimism

 Todd and Crystal

We think it’s going to be a fairly decent year for real estate in Calgary.

This morning was the annual Calgary Real Estate Board’s Forecast Breakfast and whether the market is up, down or sideways we always come away with renewed vigor and optimism about how the year is going to go.   And today’s event was no excpetion.

CREB always likes to be cautiously optimistic and has announced that 2018 will offer its share of challenges.  The road to economic recovery continues to be bumpy – nothing is happening overnight – but there’s every indication that we can safely adopt an optimistic attitude.

The Short Term

Over coffee and dainties this morning, we...

2018 Real Estate Predictions in Calgary

2018 real estate

It’s a fresh New Year, full of promise and optimism especially when it comes to Calgary Real Estate.  What will happen with house prices?  Will condo prices ever pick up after a 10-year slump?  And, now that I’ve waited for the recession to end, should I sell this year?

As I write this, we’ve all just learned that Amazon  has chosen not to relocate a facility for its HQ2 in Calgary.  We didn’t even make the short list of 20 different cities (like Toronto did).  I read a few predictions about 2018 from various Calgarians at the end of December that declared that Amazon and the reported 50,000 new jobs that would come with it would boost our real estate market.  So, nothing to do now but go onward....

Where Calgary Homes Shine - Best Holiday Light Shows

Calgary-homes-Christmas-lights

There’s a lot of real estate in Calgary to cover if you’re thinking of taking a Christmas Light tour. From public places to parks to streets and homes that simply go all out, driving around the city looking at the festive lights is a family tradition. 

The custom of decorating with lights goes back centuries to when Christians would light candles as a symbolic gesture recognizing that Jesus Christ, whose birth is celebrated at Christmas time, is the light of the world.   Candles were placed on trees outside the home, then Germans brought trees indoors and finally in the late 1800s, the invention of electric light made illuminating the trees much safer.  Strings of lights began to adorn the windows of buildings and homes and rooftops.  

Going to see the lights can be so much fun and when it’s...

November sales in Calgary Real Estate up 15% over last year

Nov 2017 Calgary real estate stats

When more mortgage rules were announced for uninsured mortgages last month, I thought it might precipitate a spike in real estate sales in Calgary.  People just don’t want to pay higher interest rates, and with the threat of new buyers being forced into homes in a lower price bracket, and in a neighbourhood they didn’t want to live in, people reacted.

The November 2017 stats were released on Dec 1 by the Calgary Real Estate Board (CREB) showing that sales are up 15% over November 2016 - proving my point.  Real estate sales were up to 1,411 units, with improvement in numbers across the board.  The majority though were in homes priced under half a million dollars.

Why Sales Are Moving

CREB Chief Economist Ann-Marie...

5 Ways to Determine Resale Potential when Buying a Calgary Home

calgary-resale-home-for-saleHow Important is Resale Value?

With the January 1 mortgage rules on the horizon, estimated to affect about 20% of home buyers, people are scrambling to understand what exactly they can afford.  The fear – if you want to call it “fear” – is that people will be forced into a lower price range and will get less home than they want and perhaps, have to buy in different neighbourhood.

It’s important to keep one of the basic tenents of buying real estate in Calgary, and that is:  is this home a sound investment with good resale value down the road.  You want a property that will...

Canadian RRSP Home Buyers Plan

If you are interested in purchasing a home in Calgary, ( search Calgary MLS Homes for sale) you might want to take advantage of the Home Buyer’s Plan option that has been made available by the federal government. With this plan, you can use up to $25,000 of your RRSP savings to help finance the down payment on your home. Or, if you are a couple that is looking to buy a home in Calgary, you can use your RRSP savings for up to $50,000 toward a down payment. Before you take advantage of this option, however, it is important to understand how to qualify as well as the pros and cons of utilizing your RRSP savings as a down payment on a home. 

How to Qualify to Use RRSP Funds for a Down Payment on a Home 

In order to use your RRSP funds toward a down payment on a home, the funds that you are using...

Sept 2017 sales dip in an otherwise better year for Calgary real estate

calgary-real-estate-fall

We just got the stats for September 2017 and sales slipped a little in Calgary real estate last month.  The good news is that we had some good numbers in the first six months of 2017 and this activity managed to boost our year-to-date average up by 7% over 2016.  It’s still 11% under those long-term averages, and I agree with the Calgary Real Estate Board's take on the market – with more listings coming in and sales slowing in this last quarter of the year, we’re going to have to work hard to maintain our optimism!

There was a bump in inventory last month – we were up by 6,861 units – with attached properties and apartment condos setting a record for the highest inventory ever.  That means, from a buyer’s perspective, selection...

Luxury Calgary real estate listings slowly recovering

luxury-calgary-realestate-listings

Fall forecast is for moderate sales and stabilizing prices

I wouldn’t say that million-dollar-plus home buyers are lining up to snap up some premiere Calgary real estate listings, but they’re certainly expressing some sincere interest.

A forecast by one of Canada’s luxury real estate firms has issued some promising statistics though.  Over the summer, there were 112 luxury homes featured in Calgary real estate listings for over $1 million that sold to some pretty special buyers.  Single-family home sales in this sector and some fairly opulent attached home sales (think Altadore or West Hillhurst) seem to be stabilizing in the city. ...