Home Buying Blogs – Calgary

Home buying advice for Calgary, Alberta residents from Justin Havre & Associates.

Found 12 blog entries about Home Buying Blogs – Calgary.

What You Should Know About Green Technology in Residential ConstructoinSustainable construction technology has been slowly but surely making its way toward residential construction technology. From solar panels to zero-waste homes, Canadian homeowners have more options than ever before if they're looking to cut down on their carbon footprint and be energy efficient in their homes. Learn more about which trends are catching on and how the future may look for home building.

Energy from Top to Bottom

Canada has largely seen geothermal energy being implemented to heat and cool their homes as opposed to solar power. This form of energy uses electricity and a set of compression pumps to interact with the Earth's core. Because the core remains at a stable 15.5° C, geothermal energy decreases the amount of energy used

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How to Break Down Your Closing CostsThe term 'closing costs' is a catch-all term that essentially refers to all the charges a home buyer pays to close escrow. In Canada, home buyers can expect the closing costs to total somewhere between 1.5 and 4% of the total cost of the home. This can be a significant amount for any home buyer—so much so that it may increase the loan bracket if the buyer has to borrow from their lender to pay for closing costs. Homeowners should understand more about how common closing costs break down, so they can budget accordingly.

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

Preliminary Charges

Before a home buyer even closes, they typically have to pay for

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Tips for Scheduling Your Moving TimelineMoving an entire home is a daunting task for even the most organized of people. Whether a new home buyer has professional help or not, there are still hundreds of moving parts that all need to orchestrated to perfection. Plus, there's the emotional impact of leaving a home for a brand new one. Luckily, there are ways to plan this transition so there's less stress and more success.

Two Months Before

About eight weeks before the move, buyers should start to purge the home of anything they don't need. It's far easier to get rid of items now than it is to pack everything up and then decide once it all arrives at the new place. Now is also a good time to take an inventory of everything in the house, as there's no need to take two slow cookers to

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Selling a Home In A Buyer's MarketSelling a home in a buyer's market can be a challenge. A buyer's market is a market condition that occurs when there are more homes for sale than buyers, and buyers have their choice of a variety of different properties. This leads to low prices, and buyers who have a lot of negotiating power. Sellers of homes can find this frustrating because this makes it harder to make profit off the sale of the house. Knowing which renovations to make before listing your home, staging the property, marketing the home well, negotiating wisely and working with a real estate agent can all help make this process more successful for the seller.

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

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4 Tips for Buying a New Construction HomeA newly constructed home can seem like exactly what a home buyer needs to really make a fresh start. There's something enticing about striking out in a completely new territory in order to build a new life. However, the rules for new construction homes are different than conventional homes, which means buyers may need to rethink their negotiation strategies. Learn more about how deadlines, contracts, and bidding work with a new construction home.

Obstacles and Obstructions

Buyers who have commissioned a new home (or who are interested in a home in progress) will first need to understand the practical limitations of building. Inclement weather isn't the only thing that can throw a wrench into the timeline. Builders also have to account for

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Down Payment Options for a New HomeBuying a home is a very exciting time, but it can also be a stressful time and a little bit of a financial strain. For people who are saving up to buy a home or a vacation home, one of the biggest questions they have is how much of a down payment they should be prepared to offer. Putting a larger amount down can help reduce the amount of the mortgage every month, but putting a smaller amount down can help a homeowner have more in savings. Both are good choices, and both can help any homeowner feel better about their finances and sleep better at night. Here's what a home buyer should be considering.

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

How Much

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How to Apply for Your First MortgageWhile most people know the basics of home mortgages, they may not know about the many nuances that can make or break their application process. Not only does each lender has their own approach to granting mortgages, there are also differences between mortgages for vacation homes and those for personal residences. So when looking at mortgages, there is no set answer when it comes to choosing a type of mortgage and its accompanying terms. Each buyer will need to take into account their current financial goals and their future plans

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

Mortgage Broker or Bank?

Most Canadians will start with their personal bank

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How to Have a Successful Home InspectionHome inspections let home buyers know the defects of a property before buying a home. However, there are enough myths about home inspections that buyers often misunderstand what an inspector actually does and how much variance they may find between different inspectors. For a better idea of how home buyers can get the most from their inspection, keep the following points in mind.

Exterior Home Inspection Issues

Home inspectors look at the exterior of the home first to determine how well the outside components protect the inside ones. Inspectors will check the lines of the home, the roof, and the walls to ensure the integrity of the structure. Every home will respond differently to the passage of time, with some are able to weather the soil

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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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