Every once in awhile we like to provide you with a refresher list of real estate terminology. We use these terms a lot, so it is important to fully understand what they mean so that you can learn more from what we share. We want you to feel informed and supported in your real estate journey. Here are some of our top terms:
Multiple Offers: This occurs when multiple buyer’s are interested in purchasing your property. They will each submit a bid, then you get to choose which one you will sell your property to. Some factors to consider when this happens are: who the people are, how much money they are offering, when they expect to move in, etc.. To read more about how we can help your property get multiple offers, check out our 10 Step Marketing Plan!
I feel incredibly honoured to receive the news that I ranked #24 in all of RE/MAX Western Canada and #2 at the #1 RE/MAX Office Worldwide, RE/MAX Real Estate (Central) for sales volume in the month of March 2019. I couldn’t have done it without my amazing team, loyal clients, and my wonderful family and friends. Thank you from the bottom of my heart for your continued support!
Ken Richter RE/MAX Real Estate (Central)
It is starting to feel like spring in Calgary, Alberta; and not just because the snow is melting and the grass is turning green. It feels like spring because the real estate market is starting to see movement again, a sign that brighter days are on the horizon. Given the circumstances one thing is becoming
Owning a home in Alberta, Canada comes with many benefits; especially during Tax season.
Buying a home in Calgary, Alberta is a dream for many people. While getting to explore new types of homes and neighbourhoods as a renter is fun, actually owning a property enables you to do so much more that it's worth being more stationary. For example, you can paint however you like and put nails in the walls. You can renovate the space to meet your needs and even rent out some of it yourself. You can proudly call yourself a homeowner, and come tax season, you can claim a number of benefits and deductions.
First, for you first time home buyers, you can claim a tax credit of up to $5000.00 for the purchase of a qualifying home during the tax year. So long
Buying a home is an extremely personal investment. With so many options available on the market, homeowners get the luxury of picking whatever will be best for them.
Buying a property is not all about keeping up with the Jones's. Do not waste your valuable time and money trying to find a home just like everyone else. You need to make a long-term decision that benefits you. After all, you'll be the one living with it.
There are many factors that go into purchasing a home, such as location, job opportunity, space requirements and desired amenities. However, one of the most important factors is type of property. Different property types have different pros and cons. Carefully evaluate all your options before committing.
If you were born sometime between the late eighties to the year 2000, you are a millennial. While many people bemoan millennial's as out of touch and entitled, statistics prove otherwise.
According to these statistics, millennials are the generation most passionate about justice. They are at the forefront of charity and non-profit work. Millennials also are not as lazy as people make them out to be: the average millennial works 3 jobs at a time to support themselves. And while millennials do spend a significant amount of time staring at their smart phones, they are also developing incredible technological advances that will benefit society as a whole.
One thing many millennials are struggling with right now is the housing market. There is so
There is no doubt about it: Calgary is currently in a buyer's market.
What is a buyer's market? A Buyer's Market is when there are more units on the market than what are being sold; inventory is high, sales are low. This drives down prices on homes as seller's scramble to do whatever it takes for their home to stand out and sell, since during buyers markets homes end up sitting on the market for much longer than usual. Buyers simply have more options, which is great if you are planning to buy.
It may seem obvious, then, that as a buyer this is a fantastic time to enter the market. The reason why this has not been as simple as it seems is because of the new stress test put in place by the Bank of Canada to ensure all prospective buyers desiring a
Here at Team Ken Richter we conduct our business with integrity. This quality has always been a pillar in our philosophy and mission. We pride ourselves on providing clients with top tier service that has their best interests at heart. We are committed to you and would love the chance to show you just how important your goals are to us.
Unfortunately, not everyone conducts their business with integrity.
Real estate scams that prey on both present and future homeowners are commonplace. With the economy the way it is right now, more cases of people being scammed are beginning to arise across the city. In order to help prevent you from falling victim to these scams, in todays post we will be going through the most popular scams out there and how to
The process of buying a home can be long and complex. This is why we always recommend that you work with a licensed REALTOR®. No amount of googling can compete with a knowledgeable, experienced REALTOR® such as Ken Richter. With 30+ years of experience, Ken is fully equipped to help you find your dream home with little to no hassles.
When it comes to buying a home, finding a property is the easy part. The Calgary real estate market is in a deep buyers market right now, giving you many options when it comes to finding the perfect home. Whether you are on the hunt for a chic downtown condo, a detached home in the suburbs, a new infill in an established community, a luxury property or anything in between, Calgary has something for you.
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…
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.