7 reasons to protect yourself when buying a newly built home in Calgary


I was once told by this real estate agent that new home sales were easy, “I just sign in my client, leave my card and go. There’s no reason to be there, the sales people take care of everything.” I remember the words, although I can’t remember the agent – I wonder why?

That was some time ago, but I remembered those words because on the weekend, I received a really nice compliment from the Area Manager at Excel Homes. He pulled me aside while my cliecouple is considering future apartment designnt was out of the room and said how nice it was that I stayed the whole time with my client to help with questions, decisions and just being there as a support. He said real estate agents often don’t even come in the door with their client and just hand him their card.
http://www.innercityyyc.com/7-reasons-to-protect-yourself-when-buying-a-newly-built-home-in-calgary.html

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HOA fees when buying a home or Calgary downtown condos


HOA is the acronym for Home Owners Association. This is a fee charged to each of the home owners in the communcalgary downtown condosity to maintain its public areas. This money is usually for community memberships, or maintenance of a park or lake and is paid by the home owners once per year.

Most HOA fees are found on the title of the property under a restrictive covenant. You may also find that the closer you are to the amenity the higher the HOA is. This is a mandatory fee for the home home owners so make sure that this fee is paid up to date by the seller when buying the property.
http://www.innercityyyc.com/calgary-downtown-condos-hoa-fees.html

Two issues you must know when buying a house or a condo


For single family homes, there are two issues. First is the real property report. This is the map of the property showing where the buildings are, as well, as fences and cement pads, so any permanent structures. What you need to look out for is to make sure that this map or the real property report is exactly as the property is. This is a document that needs to be approved by the municipality in order to complete the sale.

Another issue to buying a single family home is the restrictions on the property. This can be found on the title of the property and can impose limits on what changes you can make to the property. One of the most popular is with the fence, there are limits on the height, the type and sometimes having a fence in the front yard.
http://www.innercityyyc.com/two-issues-must-know-buying-house-condo.html

Buying a house in Calgary? Look at the fence for community engagement


At the Cornerstone Youth Centre, Nixon said that since this connection is lacking where they live, this is the place they can get it. This is where they can play with other kids, talk about their problems and feel connected.

Where my house is, I know my neighbours across the street and across the alley. I know my neighbours to the east, since their boy loves to come over and play with mine. And the neighbour to the west I’ve yet to meet since they just moved in. I’m still going to get my fortress fence, although I’ll be sure to invite my neighbours over to the other side of this great wall to create community.
http://www.innercityyyc.com/buying-house-calgary-look-at-the-fence-for-community-engagement.html

How market value is determined when buying or selling a home in Calgary


There are many criteria for determining the market value of a home as you can see. Making sure your home is priced correctly when you first place it on the market will grant you the best dollar amount for your property. When errors are made in pricing your home too high, price decreases will follow with the signal to the buyers that you’re motivated to sell. Pricing too low will definitely sell it fast, although did you get the best price possible for your home.
http://www.innercityyyc.com/market-value-determined-buying-selling-home-calgary.html

Why you need an RPR (not title insurance) when buying a house in Calgary


Here’s the downside of not having a current RPR. Anything that isn’t in compliance will cost you money and time down the road. It could be when your neighbour sells and/or when you sell in the future. I’ve had issues getting compliance on my client’s property costing anywhere froTitleInsurance_thumbm $300 to $10,000 and taking anywhere from 5 weeks to 10 months to complete.

When buying a property you shouldn’t be the one to incur the sellers issues or problems with the property. My personal pain… I have a cement pad on the side of my house, sitting on the utility right of way, (there since I bought this house) that reminds me why my buyers need a current RPR. This is an expense I will incur when I sell.
http://www.innercityyyc.com/need-rpr-buying-home-in-calgary.html

Buyers need an Agreement when Buying a home in Calgary


In the contract for listing your property you are fully aware of the obligations of each party – the home owner and the Calgary Realtor. So shouldn’t the buyer on the other end also know what their obligations are and the real estate agents obligations are when buying a home?

Back in the day, home owners got all the attention when a deal was made in selling their home, so we saw a fair amount of transactions that both the seller and buyer were represented by the seller’s real estate agent…. or more like the seller was represented and the buyer wasn’t.
http://www.innercityyyc.com/buyers-agreement-moving-to-calgary.html