Just Listed Calgary Real Estate Blog

Tips for Understanding Common Real Estate ClausesThere are a lot of myths about real estate clauses and how they work, and the discrepancies and anomalies can sometimes come back to haunt unsuspecting buyers. From financing nightmares to home buyers discovering that their property was built on a sinking swampland, the potential for catastrophe is very real. Home buyers may need to be a little savvier if they want to purchase their home with (near) total confidence.

Hiring an Inspector

Usually, buyers offer to buy the home so long as the property passes its inspection report. Proactive sellers may have their own inspection done but that shouldn't necessarily stop a buyer from hiring an unbiased party of their own. This is the chance for potential buyers to learn about the state of their

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Your Guide to Buying a Vacation Home in CanadaA vacation retreat may be one of the top wishes of homeowners. However, it is possible to make this wish into a reality. In order to do so, it is important to understand how to qualify for a mortgage on a vacation home and to understand some of the initial tax implications when buying such a home.

Income Requirements for Potential Buyers

Individuals, couples and families looking to buy a vacation home need to have sufficient personal income. They may be carrying two mortgages when purchasing a vacation home, as they still may need to pay off the mortgage on a primary home. Income requirements for those who buy a vacation home and plan on living in it are different than that for those who want to rent out a vacation property.

When it comes

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Know More About Dealing with Roof DamageA house is vulnerable to roof damage from high winds, hail and flying debris. Homeowners may see signs of roof damage and not know what to do next. Depending on the type of roof damage and the source of the damage, a homeowner may be able to file a claim and have significant damage covered in part or in full from their insurance company. This helps homeowners reduce the financial burden when it comes to unexpected repairs. However, roof damage can occur for a number of reasons and it is important for homeowners and property owners to be aware of their options.

Ignoring Roof Damage

Some homeowners may not be aware of roof damage or may put off looking into the extent of the damage and required repairs. It is important not to wait. Water damage

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Your Canadian Home Selling GuideIs now the right time to sell a home in your area? Homeowners may want to look into a few important considerations when seriously thinking of selling a home. From initial costs, to staging, setting prices and more, there are a number of factors that may influence how easy homeowners find it to sell a home. What should Canadian homeowners understand about selling their home?

Costs of Selling a Home

Those looking to sell a residential property should be aware that they may need to spend money before looking to make a profit on a home sale. Homeowners should know that standard costs may include:

  • A mortgage discharge fee. This is to remove collateral holds on a property. Quebec may use the term of a “release.”
  • Legal costs, such as that
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Basic Guide to the Home Buying ProcessPurchasing a home is often a life milestone that many people aim for as they advance through adulthood. While this is a main aim for many, the home buying process can be a mystery for people who have not gone through it before. With these tips, home buyers will understand the basic steps from the initial search to closing on a home.

Determine Finances and Apply for Mortgage

More than anything, buying a home is a financial transaction. Home buyers who have a firm understanding of their income, debts, and credit before they start the home search will be better prepared. Since it can be difficult to tell how much a lender will be willing to give to a borrower, many experts recommend getting pre-approved for a mortgage before looking at homes or

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What Are The Pros and Cons of Condo Living? Not everyone is cut out for the condominium lifestyle, and then again not everyone is cut out for home ownership in a single-family dwelling. Those who have resided in an apartment or townhouse likely have a good idea what's involved in living within conjoined housing such as condos. However, those who have never owned a home might be wondering what perks condos might have over free-standing homes. With this in mind, here are some ups and downs of condo ownership.

Community Life Versus Greater Privacy

Condo owners live in close proximity to one another, and many enjoy having a greater sense of community as they encounter other neighbours at community areas like mailboxes, trash depositories, gyms or the swimming pool. Homeowners in

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How to Downsize Into a New HomeIt can be hassle to maintain a large property, especially years into retirement. As a result, downsizing is quite common later in life. While moving from a larger house to a smaller house can be an exciting step, downsizing can also be a little stressful. Getting rid of old knick knacks, giving away sentimental items and deciding what to keep can be a time consuming, labor intensive process.

Start Purging and Repairs Early

Selling an older home can be a challenge when it's full of clutter or needs repairs. When it's time to purge, move from closet to by closet, room to room. Sort through every drawer, box and pile of stuff, and begin deciding what will go and what will stay. Getting rid of things is usually difficult at first, but it gets

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6 Flooring Options You Should Be Thinking AboutGetting a new floor is an exciting time. With all the different materials and colors out there, just replacing this one part of a room can change its entire look and feel, and it can be a valuable home upgrade. But there are so many options, how does a homeowner decide which option is best for them? By reading this brief guide to some of the different home flooring options available, homeowners can learn which varieties may be best for their needs.

Using Cork Flooring in the Home

Cork as a flooring has been becoming more popular recently due to being an environmentally friendly alternative that doesn’t empty a homeowner’s wallet as quickly as other green flooring material sat about $2-8 per foot. Cork does have its downfalls, however. For

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Understanding LMI for Home PurchasesThe standard down payment for a home is 20 percent of the purchase price, but not everyone has that much saved up. Homebuyers typically pay for Lenders Mortgage Insurance (LMI) if they're unable to make come up with the 20 percent. The expense of LMI can be considerable, but it's often the only way for a buyer to purchase the property. See how it works, and why it actually benefits buyers in the long run.

How It Works

A bank wants to take on as little risk as possible, so they're going to reward people with more cash on hand. Meeting only the minimum down payment of 5 percent means a homeowner is going to have very little equity in the home, making it that much easier for them to abandon. LMI is designed to protect the lender in case the

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What Is A Home WarrantyIn some provinces, new home builders are required to offer a home warranty to home buyers. In other parts of Canada, the decision to offer a home warranty to buyers is left up to the home builder. Regardless of location, buyers of new homes should be aware of a builder's home warranty policy and what it covers.

Lack of a home warranty policy can be a point of concern. Reputable builders who are customer service oriented often provide a warranty to ensure the customer's needs are addressed even after move-in. Reading the policy before purchasing the home can help the buyer go into the deal with open eyes.

What Does A Home Warranty Cover?

In general, home warranties often offer protection against structural defects, defects in work, defects

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