Real Estate | Page #31

Real Estate

It is a very good time to be selling a home; at least that's what the experts at the Calgary Real Estate Board are saying!

Their latest report details an excellent summary of what happened in the real estate market this past month. As we head into November and you may be considering buying, selling or investing, make sure you are informed on where the market is at.

Here are some of the highlights from the Calgary Real Estate Board's monthly real estate market statistics report, which you can read in full by clicking here: 

  • "There were 2,186 sales in October, a record high for the month and over 35 per cent higher than longer-term averages."
  • "Year-to-date sales are on pace to hit new record highs and are currently 61 per cent higher than…

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The journey towards owning a home is filled with hight hopes and hard work. While many find it daunting, working towards owning a home incredibly important. For most people their home will become their largest financial asset. They may cost a significant amount of money, but that doesn't mean people should put off this milestone. Here are some of the financial benefits of owning a home: 

Forbes writes, "your equity in your home is the amount of money you can sell it for minus what you still owe on it. Every month you make a mortgage payment, and every month a portion of what you pay reduces the amount you owe. That reduction of your mortgage every month increases your equity." This equity can be leveraged to help finance and back other endeavours.…

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Are you looking to rent? We have some tips for you!

1). Make a list of non-negotiables and stick to it. Decide before hand what you are willing to spend each month on rent and utilities in order to narrow down your search, only look at places that are pet friendly if that is something you need, if you do not like basement suites, add that to your list, etc! Be flexible, but stick to what you absolutely will not negotiate on and don’t waste your time searching for places that do not fit that criteria.

2). Location is the most important part of whatever space it is you decide to rent. For most people, location is the make-or-break feature of any potential space. Narrow your search into looking only for places by a bus stop, near your place of work…

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September was another great month for Calgary real estate!

Here are some of the highlights from the Calgary Real Estate Board's report:

  • "Residential sales totalled 2,162 in September, nearing the record high for the month recorded in 2005. Further gains in new listings likely supported some of the sales growth that occurred this month." - Calgary Real Estate Board
  • "Inventory levels in September eased to 5,607 units, keeping the months of supply below three months. However, there is significant variation depending on property type and the tightest conditions continue to be in the detached market, with under two months of supply." - Calgary Real Estate Board
  • "As of September, the total residential benchmark price in Calgary was $457,900,…

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Most people do not buy their homes outright. If you can, you should. After all, who wouldn’t want to live rent and mortgage free? But when the average home price in Calgary sits at around $488,000, most people are putting a 10-20% down payment on a house and mortgaging the rest.

What is a mortgage? A mortgage is money a lender provides you for the sake of purchasing a home. You pay this off over time, typically within a 15-30 year range, and pay interest on the loan. Mortgages not only help you get into a home, but help build your credit history and enable you to slowly build equity in your property.

There are many different kinds of mortgages available, but before you can even begin to assess which is best for you, you need to find a mortgage…

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The summertime rush has slowly come to close, leaving in its wake many satisfied buyers, sellers and investors. It was a great season for Calgary real estate. Thankfully the good times do not have to end yet, we’re simply transitioning into another exciting season for the real estate market!

If your home is still on the market, don’t worry: fall is also a great time sell, buy or invest. Here at Team Ken Richter we work tirelessly every year, no matter what the season, to get your home sold at the right time, for the right price.

If you’re feeling anxious about not having sold your home yet, here are two things to consider to help give your home the competitive advantage this autumn:

1). Price: We always give our clients a suggestion on what their…

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And just like that, September arrived!

August was another busy month for Calgary real estate, though we did see things slow down as the spring and summer rush faded out. The market remains strong for buyers, sellers and investors moving forward. Here are some of the highlights from the Calgary Real Estate Board's monthly report:

  • "Citywide sales in August reached 2,151 units, 37 per cent higher than last year and 25 per cent higher than long-term trends."
  • "On a year-to-date basis, the eight-month total of 19,516 sales is higher than annual sales figures recorded over the past six years."
  • "The months of supply in August was nearly three months... Some improvements in supply compared to sales have been slowing price growth."
  • "As of…

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August is one of the busiest times of the year for rental properties. This because one major portion of renters are students preparing to go back to school in September. With so many people looking for affordable housing in Calgary, renters and landlords need to be informed. 

Renting is a great option if you are not planning permanent settlement in the location or if you cannot yet afford to purchase a home. Renting gives you the freedom to negotiate terms (such as payment, length of stay, etc.) and allows you to "shop around" until you find a location you want to stay in permanently. 

If you are planning to permanently live in the location and can afford a down payment on a house and a mortgage, we highly recommend you look into purchasing a…

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When you purchased your home you inevitably went to see the property. What was your first impression like? Chances are the home felt welcoming, clean and well maintained. While you may have been amazed at the property owner’s cleanliness and organization, they likely spent a lot of time preparing the space so it would be ready for you. Similar to how we clean our homes before visitors arrive, homeowners do the same before an open house. After all, it is about putting your best foot forward.

A lot of things are noticeably done to make a home more appealing to potential buyers. However, there are also a number of not-so-obvious things that need to happen in order for a home to be ready to be showed off. When you are selling your home, make sure you can…

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It has been a busy season for Calgary Real Estate! After the hit the market took in 2020 following the outbreak of COVID-19, experts were weary of how the economy and real estate sector would recover. However, expectations have been completely blown out of the water this past spring and into the summer. While the rush is cooling off, numbers are still strong!

Here are some highlights from the Calgary Real Estate Board’s report, which you can read in full by clicking here: 

  • “July sales totaled 2,319 units, which is well above long-term averages and the best July on record. The pace of sales growth has eased over the past few months, but so too has the pace of new listings growth. This has helped prevent any further monthly gains in…

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