Buying

Buying

Found 50 blog entries about Buying.

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

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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

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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. 

Once you have

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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

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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…
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Tis the season for... buying a new home?

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

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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,
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Welcome to the world of investment properties!

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.
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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

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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,

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