Real Estate | Page #8

Real Estate

When it comes to buying a home or refinancing a mortgage, interest rates play a crucial role in determining the overall cost of your loan. Understanding how these rates affect your mortgage can help you make informed financial decisions and potentially save you a significant amount of money. Here’s a breakdown of how interest rates impact mortgages and what you should consider in today’s market.

First, you need to be aware of how interest rates affect your mortgage on a base level. The most direct impact of interest rates on your mortgage is on your monthly payments. A lower interest rate generally means lower monthly payments, which can make a mortgage more affordable. Over the life of the loan, a lower interest rate results in less total interest…

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Calgary is in the midst of an incredibly hot real estate market right now! We are currently in a sellers market, and things are getting competitive out there. Many home sellers are navigating multiple offers on their homes within the first few days of their property being listed. While things are beginning to cool off as more inventory enters the market, here are some things to consider for those you selling who are faced with multiple offers to choose from: 

If you are 100% flexible, take the highest bid. However, since most sellers don't have that luxury, we don't recommend biting at the highest offer. Carefully consider any contingencies. What is your potential buyer expecting from the property? Some may include in their offer wanting items you…

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Every month the Calgary Real Estate Board releases a report detailing what has been happening in the real estate market. These reports provide really valuable information to sellers, buyers, and investors alike. Real estate requires strategic decision making, so staying informed is crucial to ensure you are making the best moves possible.

Here are the highlights from The The Calgary Real Estate Board's market report for July 2024, which you can read in full by clicking here:

  • "With 2,380 sales and 3,604 new listings, the sales-to-new listings ratio fell to 66 per cent, supporting a gain in inventory" (The Calgary Real Estate Board).
  • "The gain in inventory combined with slower sales caused the months of supply to rise to 1.8 months, still…

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Incredible Potential! Welcome to a spacious, fully developed 1,131 sq. ft. semi-detached bilevel home with 6 bedrooms, located in the quiet, vibrant community of Bowness.

This property offers fantastic potential as a high-income investment or a great opportunity to supplement your mortgage, thanks to the large, non-conforming 3-bedroom suite on the lower level. While the home requires some cosmetic updates, it's definitely worth the effort! Recent updates and features include a new high-efficiency furnace (installed in 2022), a tankless hot water system, and self-contained laundry units on both levels. Enjoy the expansive front balcony with composite decking, a charming cedar siding exterior, and a rear parking pad suitable for RVs. The solid…

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Welcome to this custom-built, semi-detached, fully developed infill home, featuring unparalleled quality in every detail. With a total of four bedrooms and three and a half baths, this home is constructed by a prestigious local builder and located in a fantastic west Bowness location.

This home boasts 2,933 sq. ft. of luxurious living space with fine accoutrements and finishing details that are sure to please the most discerning buyers. The main floor offers a gorgeous, sun-drenched, south-exposed open floor plan with soaring 9 ft. ceilings. The exceptional chef's kitchen features a stainless steel appliance package and an eleven-foot quartz-covered center island.

Upstairs, you'll find three generously sized bedrooms, a convenient laundry…

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Every month the Calgary Real Estate Board releases a report detailing what has been happening in the real estate market. These reports provide really valuable information to sellers, buyers, and investors alike. Real estate requires strategic decision making, so staying informed is crucial to ensure you are making the best moves possible.

Here are the highlights from The Calgary Real Estate Board's market report for June 2024, which you can read in full by clicking here:

  • "Sales in June reached 2,738, marking a 13 percent decline from last year’s record high" (Calgary Real Estate Board).
  • "New listings also eased relative to sales, causing the sales-to-new-listings ratio to remain elevated at 72 per cent. However, with 3,789 units available,…

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VIEW VIEW VIEW! A very rare find "ON THE RIDGE!"

Few homes come up for sale in this premium ridge lot location, featuring a 1926 sqft two-storey split on a massive 80 ft wide frontage offering AMAZING and STUNNING south river valley escarpment, mountain, and partial downtown views! Directly overlooking Bowmont Park and the Bow River below, this outstanding, quiet location encapsulates nature right at your doorstep.

The house is a "diamond in the rough" with strong bones, very well-preserved but requiring some cosmetic TLC. It's well worth the effort in this premium ridge location! Special features of this house include a ground-level open foyer leading to a large living room with a brick-encased gas fireplace, a separate dining room, a main…

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Attention all developers, builders, and investors! A wonderful little cabin in the inner city on a massive 50x120 R-C1 mature treed flat lot!

Located on a very quiet street in the lively, community-oriented area of Montgomery, this mid-century two-bedroom house needs some TLC but is primarily land value. It features an upstairs loft or storage area and hardwood flooring that adds to the property's character. The converted single attached garage is not heated and is not included in the square footage.

Montgomery is one of the best inner-city areas for newly constructed infills in Calgary, offering numerous amenities. Enjoy proximity to the Shouldice Pool and Park, the Bow River, and the Bow River bike path system right at your doorstep. Two…

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There is so much to remember when you are moving. This is why it is so important to be working with Ken Richter, your trusted real estate professional! Ken's expertise can help ensure your move goes as smoothly as possible on the transaction side, so you have the headspace to focus on all the other little details.

Here is a list of some things to remember and take into careful consideration as you begin the moving process:

Organizing your Move

  • Get estimates from different moving companies to see what works best for your budget. Make sure you also read their online reviews to ensure you've found high quality movers. Two weeks before your move call and confirm the date and time they will be arriving.

  • Sell, give away, and discard…

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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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