Nowadays it is nearly impossible to purchase a home in Calgary, Alberta Canada without getting a mortgage. With homes as expensive as they are, it is extremely rare that a person is able to purchase a home upfront and avoid a 10-20 year mortgage. This is why when you are considering buying a property, it is important to set yourself up so that you qualify for a mortgage. After all, banks do not give out mortgages to just anyone.
There are a number of factors that go into qualifying for a mortgage, such as credit history. The most important one is annual income. Banks need to make sure that you will be earning enough money to pay back what you borrowed. While this factor is easy to overcome when you have had a steady job that you will continue to
When it comes to buying a home, you must play the delicate game of not being too picky, but also not being too lenient. You need to ensure you don't miss out on a fantastic property in a fantastic location at a fantastic price simply because it does not have some small item from your dream list, but you also need to ensure you don't buy a lemon simply because you think what the home is lacking is not a major deal. You need to navigate both your wants and your needs carefully.
Many realtors will tell you to draft up a wish list of what you want your home to have. Homeowners put items on these lists such as french doors to the bedroom, upstairs laundry, a room for an entertainment centre, Jacuzzi tubs and more. All of these are lovely items that may…
Here is a hot insiders tip about the real estate market: buying a home right before the end of the year has major benefits. Here are three:
1). Tax Savings: Realtor.com puts it this way, “if you close by December 31, you can deduct mortgage interest, property taxes, points on your loan and interest costs. These deductions are significant, especially in the early years of your loan when you’re paying off a lot of interest.” What’s not to love?
2). Motivated Builders & Sellers: Sellers and builders will want to close a deal before the end of the end of the year. For sellers, this is so that they too can take advantage of tax breaks on their home. For builders, they will want to close on as many
When preparing to buy a home, most people can not make the purchase outright in cash. It is totally normally and acceptable to see a mortgage. As you go through the process of getting pre-approved for a mortgage so that you know what your home budget is, the bank is going to do something very important: a credit check. If you're thinking about buying a home but know your credit score won't be good enough, here are some ways you can improve it:
Monitor your monthly payments closely! Make sure you are always paying your bills on time, that you are meeting your minimum payments and that you don't skip paying a bill even if it's in dispute. There are helpful apps out there, such as Mint, that can help you keep track of payment deadlines, goals,
An investment property can be a property you use yourself (such as a vacation home), a property you lease to others (such as renters or a business), or a property that you fix up and flip for an immediate return. Whatever you plan on using your investment property for, consider the following:
Purchasing an investment property is a major decision, so don't rush it! Take the time to think critically about if an investment property is right for you, what kind of investment property is right for you, and, when you find a property, if it is the best investment property for you. There is absolutely no need to rush! Take your time so that you can be 100% (or at least 99%) confident in your end decision.
Inner city Calgary has been rebuilding and rebranding to make Calgary a safer, cleaner environment for people. Neglected neighbourhoods are getting a major facelift to make older homes safe and to give existing communities a fresh start.
One of the most tangible ways you can see this desire to rebuild is in the new infills popping up everywhere. An infill is a property that has been built in place of an older property in an existing community, or simply a new home on new land in a community. Infills are a great way to add modern homes to older communities.
There are many advantages to buying an infill: the home is brand new, there are existing services (such as bus routes, shopping centres, etc.) nearby and you are inner-city, rather than
Your home will likely be the greatest financial investment you'll ever make. Give yourself every opportunity to come out on top by partnering with Ken Richter. Ken Richter has been one of the finest Calgary real estate agents for 30+ years, and when it comes to buying your home and investing in Calgary real estate, you want to know you're working with the best.
Team Ken Richter will be in regular contact with sellers and other real estate agents to ensure you see all the newest listings right away. Ken Richter will save you valuable time by making sure you only see properties that meet your needs. Your home-buying journey will be completely personalized.
As you compare the best deals, Ken will provide you with important information about the home,
It is officially fall in Calgary, Alberta! The leaves have all turned yellow, red and gold, a chill is in the air, pumpkins are being sold in stores and, most noticeably, the city experienced it's first snowfall! Someone once wrote, "autumn kissed summer goodbye with the tenderest of touch." Our transition from summer to fall may not have been that tender, but thankfully things won't get too snowed in for awhile yet.
The fall is a really exciting time in real estate! Something a lot of people don't know is that even though people are getting more settled in for the winter, this is an incredibly active time in the market. If you're still looking for Calgary homes for sale now is an excellent time to get plugged into the market. This is because as
Making the decision to find a retirement home can be difficult financially and emotionally. The reason? For most this means moving away from a home they have had for many years.
One local Calgarian described how difficult it was to make the decision to sell the home she had lived in with her late husband for over thirty years. They had made so many memories in that house, and poured their whole hearts into it. She noted that while leaving was hard, the transition gave her freedom to move into the next stage of life, onto the next adventure. Now she lives in a condo near her grandkids that has given her the financial and physical freedom to travel and spend more quality time with her family. She said the decision to find a retirement home was
Beginner homes hold a lot of memories. They were your first major property purchase, where you paid your first mortgage, where you learned exactly what it means to be a homeowner, where you first put nails in the wall and flowers in the garden, where you began to create the life you have now. Some people buy their first home and stay there for their entire life; others buy their first home and then eventually move onto something else. It can be hard to know when it's time for that next big step: to upgrade, or downsize, depending on your situation.
Have you outgrown your starter home? Your biggest indicator of this has to do with space.
When families have more children, or an elderly parent moves in with them, they often need extra space
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