“Before you take that big plunge into real estate investing, however, it is important that you first understand the basics of home buying. You need to learn about mortgages, and the process that goes into getting one. This includes getting a pre-approval, which will determine the amount that you can loan from a lender for your home purchase. A reliable mortgage broker can help connect you to various lending institutions who can present you with several financing options.
Once you have put your finances in focus, and have determined a budget that will be in line with your immediate and future financial situation, you can proceed to finding the right house for sale in Calgary. While this sounds like a very exciting exercise, it can actually be more difficult than it seems as you will have to compete with other buyers, and, could miss out on opportunities for a great buy. For these reasons, it is important that you work with reputable real estate brokers like Calgary’s Inner City real
“Taking some time to educate yourself before buying homes for sale in Calgary can save you from a great deal of trouble. Seek professional financial advice to confirm credit ratings and mortgage qualification. Work with a certified and reputable realtor focusing on Inner City Calgary listings, like Christine Ordze, to find the right property in your desired neighborhood. An experienced Calgary realtor can help you sort out the details, keep you informed, and provide you with applicable options; particularly when dealing with budget constraints.
Be familiar with applicable buyer policies and regulations, along with the necessary paperwork and legwork, especially with regard to getting mortgage pre-approval. Your real estate agent may even refer you to a lawyer and home inspector, whose services may be needed to ensure a safe and successful transaction.”
“A mortgage broker can be a huge help in terms of understanding the financial component to your purchase, a real estate agent can successfully identify potential properties and work to negotiate a contract that considers your best interests, a contractor can assist you in mapping out costs for renovations, a property inspector can ensure you are getting a sound home, and a lawyer or notary can take the guess work out of the closing process.
Getting the services of a reliable Calgary realtor is another important step you need to take in the home buying process. If you’re a first-time buyer who wants to avoid any legal issues and purchase risks, you can trust the expertise of a realtor who knows the industry and the market well. A realtor can steer you to the right property that matches your preference and budget, and help in facilitating the deal between you and the seller.”
“Even the smoothest transactions that close without complications can come back to haunt. For example, taxing authorities that collect property tax assessments, doc stamps or transfer tax can fall months behind and mix up invoices, but one call to your agent can straighten out the confusion.
Buying a home is one of the biggest investments you will make in your life, so it is important that you devote a lot of your time to understanding the process. The assistance and support of reliable Calgary realtors will also be invaluable in guiding you through the entire process, as well as in helping you find the home of your dreams. Compared to the risks and losses you can avoid, the cost of such a service is very small.”
People who plan to move into downtown and inner city Calgary should find their desired homes soon. The real estate market in the area is currently good, which can, of course, change anytime. Continue reading
“I read this article A 13th floor Condo? No Such Luck where there is a difference of superstition across the States. In Chicago 13th floor condos are common, whereas, in Manhattan and Brooklyn it’s a no-brainer to omit the 13th floor with risk of losing sales because of risking bad luck.
In Calgary’s inner city there are 26 high rise condo buildings that don’t shy away from the unlucky 13. Twenty of these buildings were built in 2000 to 2013, and to my surprise six of them were prior to 2000. Surprised, since in the back of my mind I thought that only the more recent builders wouldn’t be held to this old superstition, yet condo buildings such as 1101 EURO built in 1964, The Estate built in 1980, and Eau Claire Estates built in 1981 have also chosen to keep 13 in the mix.”
“To break this down a bit, the number of single family homes sold will increase by 2.4% and prices will increase by 3.8%. Apartment condos sales will increase by 5% and prices 5.8%. Although the most popular properties in 2014 are the townhouse condos with an 8% increase in sales and a 4.75% increase in prices.
Why so much more growth in the Calgary condo sales? This is because we have a healthy inventory of condos on the market. Usually I’ve seen about 28% of properties on the market that are condos, right now it’s 33%. Secondly, they’re a more affordable option for first time home buyers. The predicted 2014 Benchmark price for an apartment condo is $281,800 and $308,690 for a townhouse, meanwhile the single family home price is $461,100.”