Buying

Buying

Summertime is right around the corner, and is a favourite season for home buyers. The warmer months have so many advantages that make finding a property a fun and fruitful endeavor! Here are the top reasons why summer is a great time to search for your dream home:

  • More inventory! The real estate market tends to be more active in the summer, leading to a higher number of available listings. Sellers often wait until the warmer months to list their homes, resulting in a greater variety of properties to choose from. This increased inventory can enhance your chances of finding a home that meets all your criteria
  • More potential! Homes tend to look their best during the summer. Gardens are in full bloom, lawns are green, and outdoor spaces are…

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Finding a good deal in today’s competitive real estate market in Calgary, AB sounds like an oxymoron, doesn’t it? The Calgary market is booming, and it’s not predicted to slow down anytime soon.

 In the Calgary Real Estate Board’s latest report, they note, “With a sales-to-new-listings ratio of 83 per cent and a months of supply of less than one month, conditions continue to favour the seller, driving further price gains in the market. In April, the unadjusted total residential benchmark price reached $603,700, a one per cent gain over last month and nearly 10 per cent higher than last year's levels. Price gains occurred across all property types and districts of the city. The strongest price growth occurred in the more affordable districts of the…

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There is no question about it: Calgary, Alberta is in the midst of a seller's market. What is a seller's market exactly? Investopedia writes, "A seller's market is a market condition characterized by a shortage of goods available for sale, resulting in pricing power for the seller. A seller's market is a term commonly applied to the property market when low supply meets high demand"

In a seller's market, buyers need to make their offer stand out amongst the rest! Here are some tips on how to do so:

  1. Get Pre-Approved for a Mortgage: Before you start house hunting, get pre-approved for a mortgage. This will show sellers that you are a serious buyer and can afford the home. It makes it more likely your financing will pull through and not leave…

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Know your limit, stay within it!

This classic saying can be applied to a multitude of things, one of them being purchasing a home in Calgary, Alberta. Know your budget for a mortgage, and stay within it. This is crucial to ensure you do not get in over your head financially. Here are some elements of the home buying process to take into consideration as you endeavor to purchase a property:

  • Personal Finances: Begin by assessing your current financial situation. Calculate your monthly income after taxes and deduct your existing financial obligations, such as car payments, student loans, credit card debt, groceries, utilities, and more. The amount remaining is what you can allocate towards a mortgage payment.
  • Consider Down Payment and Closing…

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We are currently in a very competitive real estate market, favoring sellers. Buyers are feeling the stress to jump on whatever comes their way, no matter what the details are, in a desperate attempt to enter the real estate market by any means possible. While we understand the desire to want to secure property, it is also important to remember that this is a long term investment; and the biggest financial investment you’ll likely ever make. Do not make a bad investment just for the sake of making an investment.

With that in mind, here is what to look for in a good house:

Location: A good location can significantly impact your quality of life and the property's resale value. Look for a house in a safe neighborhood with good schools, access to…

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You have likely read before that the spring is a great time to buy or sell a home in Calgary, Alberta. This is a popular phrase many real estate professionals use, and we are here to tell you that the rumors are true! Spring is indeed a great time to buy or sell a home. Here are some of the reasons why:

For Buyers:

  • Many homes get listed in the spring, which means you need to be ready to scoop up a great property before it is sold. With such a competitive market right now, buyers need to be one step ahead of everyone else in order to secure a property. Contact Team Ken Richter today to get poised to buy!
  • The weather is better! Simply put, it is easier to navigate going to viewings, booking inspections, and more when the weather is nice. As…

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The winter season brings its own set of challenges for home buyers and sellers. Snow, ice, and cold weather can create hazards that need to be addressed to ensure a safe and smooth real estate transaction. Whether you're buying or selling a home during the winter months, here are some essential safety precautions to consider.

For Home Buyers:

  • Wear Appropriate Footwear: When touring properties in winter, wear footwear with good traction to prevent slips and falls on icy or snowy surfaces.
  • Watch Your Step: Be cautious when navigating driveways, walkways, and stairs that may be slippery due to ice or snow. Use handrails where available and take your time to avoid accidents.
  • Schedule Inspections Carefully: Schedule home inspections during…

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The rise of the gig economy, most commonly referred to as freelancing, has not only transformed the way people work but also reshaped their housing preferences. As more individuals embrace flexible and independent work opportunities, the traditional notions of a stable 9-to-5 job with a permanent residence are evolving. Here's a look at how the gig economy is influencing housing preferences:

  1. Mobility and Flexibility: Gig workers often prioritize mobility and flexibility in their careers. With the ability to work from anywhere, these individuals seek housing options that align with their dynamic lifestyle. The rigid structure of a permanent residence may not fit their needs, leading to a preference for short-term leases, co-living spaces, or even…

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If you're considering making a move, contact Ken Richter today at 403-630-6363! He can help you strategize how best to enter the market based on your varying needs. 

One of the biggest aspects to purchasing a home is figuring out 1). How much home you need and 2). How much home you can afford. Figuring out how much home you need is usually the easy part. You need to consider how many people will be living in the space now and in the future. You need to consider how much backyard space or parking space you'll need. You need to consider number of rooms, living areas, kitchen space, etc.. Deciding how much home you can afford is also highly personal. 

Start out by knowing what mortgage you can comfortably afford. You should meet with a lender or…

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The surge in remote work has revolutionized not just our professional lives but also our housing preferences and choices. As more companies adopt flexible work arrangements, the concept of the traditional office job tied to a specific location for you to live at is fading. This shift in work culture impacts the housing market significantly. Here are some of the ripple effects:

  1. A Need for Home Office Spaces: With remote work becoming the norm for many, the demand for dedicated home office spaces has skyrocketed. Buyers and renters seek properties with designated areas suitable for work—a quiet space conducive to productivity, whether it's a separate room, nook, or converted space.
  2. A move back to the suburbs and rural properties: The allure of…

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