Home Buying Blogs – Calgary

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

Found 17 blog entries about Home Buying Blogs – Calgary.

Buying a Home in a Seller's Market: What to KnowBuying an Okotoks home in a seller's market can be a big challenge. If you're new to the home buying process, or if you're unfamiliar with seller's market conditions, get prepared for an intense process. These tips can help you purchase a home for a fair price.

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

Understand the Seller's Market

Before getting started with the home buying process in a seller's market, you should first understand what a seller's market looks like. A seller's market is a condition wherein home inventories are low, buyers are plentiful, and many buyers have adequate financial resources to make a good offer.

In a seller's

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Debt-to-Income Ratio Affects Your Ability to Qualify for a MortgageThere are many things that lenders consider when they're trying to decide whether a Heritage Pointe home buyer is approved for a mortgage. Debt-to-income ratio is one such variable. Debt-to-income ratio (DTI) is important because people who have too much debt are more likely to default on their mortgage.

Many home buyers have a hard time understanding debt-to-income ratio, how it is calculated, and what it means to have a high DTI. The more you know about DTI and how it affects your ability to qualify for a mortgage, the more prepared you'll be to get a mortgage when the time comes.

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

What is Debt-to-Income Ratio?

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All About Different Types of Real Estate InvestmentIf you're interested in real estate investment, then you probably already know that there are many different kinds of real estate investment. Picking the right type of investment is important for ensuring that your experience in real estate is a good one. This article will lay out the different types of investment, including pros and cons of each, so you can make a more informed decision as you move forward.

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

Residential Rentals: Perfect for Beginners

Residential rentals are perfect for beginners because the cost of getting started is usually relatively low (especially compared to commercial real estate). In addition,

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Millennial Home Buying Habits ExplainedMillennials are in the news a lot, even when it comes to their home buying habits. Sometimes this news leads to the circulation of myths and misinformation that can be confusing to people in the real estate market. Whether you're a Millennial who is thinking about buying a home, or if you're a home seller who is trying to understand the behaviors of buyers, here's what you need to know.

Myth: Millennials Only Want to Live in Urban Areas

It's said that Millennials only want to live close to their jobs, and many Millennials are employed in urban areas. This may be why Millennials have a reputation for being city-dwellers.

Although it's true that many Millennials want to live in urban areas when they're young and single, they often make the

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What You Should Know Before Investing in LandPurchasing vacant land can be a smart decision for an investor who doesn't want the hassle of renting out their home. (Even with the help of property management companies, investors are still ultimately responsible for the well-being of their tenants.) However, vacant land can also end up being more work than many investors realize. It may seem as simple as sitting on the land until the right buyer comes along, but there's more to it than that. See what to consider about raw land before getting started.

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

Patience and Discretion

Few investments are as easy as a quick turnaround and an even quicker profit.

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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 to

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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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