Real Estate

Real Estate

Found 344 blog entries about Real Estate.

The Calgary Board of Real Estate released their May 2020 market statistics summary. Here are some of the highlights:

  • "May sales totalled 1,080 units, a 44 per cent decline from last year’s figures."
  • CREB® chief economist Ann-Marie Lurie says, "the initial shock of COVID-19 and social distancing measure is starting to ease. This is bringing some buyers and sellers back to the market. However, this market continues to remain far from normal and prices are trending down. Activity has also shifted toward more affordable product, which is likely causing differing trends depending on product type and price range.”
  • "Sales are down in all price ranges, but a greater share of sales are priced below $500,000... The shift in sales toward lower-priced
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Selling a home for the first time is a big decision!

Perhaps you are ready to upgrade or downsize, or are simply just wanting something new. We understand that selling a home is just as big of a financial decision as buying it was, and an emotional one. You've made memories in this house, and as the saying goes, parting can be such sweet sorrow. It may also feel overwhelming, and you may be unsure of where to start. Don't worry; Team Ken Richter is here to support you from start to finish!

The first thing to do is connect with us. You can call Ken Richter directly at 403-630-6363, or email directly at Ken@KenRichter.com. One of the first things we will do is provide you with a complimentary home evaluation. This information looks at what your

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Be prepared to be wowed!! Please view the 3D tour & legal survey(RPR) in supplements.This estate legacy river property is the first time offered for sale!! Secluded very private and exclusive lot offers over a full acre 72x562ft deep lot backing onto the high water mark(no bike paths behind you) of the Bow river & Bowmont Park beyond.

The solidly built sprawling well preserved ranch style bungalow features 3 bedrooms, 2 1/2 baths, formal dining room, large great rm c/w gas fireplace and a separate family rm upstairs. The lower level is basically undeveloped featuring a massive 49ft long recreation room & sauna. Patio doors lead you to a very private patio & then down to your own secluded ravine fire pit area, its an amazing outdoor playground

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As the economy is preventing more buyers from owning their own home during these unprecedented times, many are turning to rentals for a place to live. Despite facing their own challenges, landlords in Calgary, Alberta are hoping to capture this market. 

Being a landlord is a fantastic side-business to have, because it allows you to make the most out of the property (or properties) that you own. Renting out space to a tenant is an excellent way to pay off your mortgage, make extra money for other endeavors, and keep your property occupied and, hopefully, well looked after. There are downsides to being a landlord too, but here are three tips for renting out your home: 

  1. First you need to make sure that the space you want to rent is habitable. There
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If you are currently in the market for your first home, you probably have lots of questions. This is a major investment of both your money and time, so you're likely feeling the weight of this as you begin your search. Ken Richter has a wealth of experience in helping first time home buyers, and he is here to help you make the most out of this moment!

Here are some tips that will make your home buying process successful: 

Tip #1: Do Your Homework: The perfect home won’t find you by itself. A key step in buying a home is doing the proper research. Educate yourself on local schools, neighborhoods, and the kinds of homes available. By reading available materials and talking with experts, you can start to put together what the perfect home looks

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**Attention investors** Tenants are in place and are on leases until next year!! Current rents are $900 plus 60% utilities upper and lower is $600 plus $40% utilities.

Three bedroom Bilevel 1/2 duplex plus a lower illegal one bedroom suite down. Very quite crescent location backing onto a natural hillside reserve. No condo fees and rents go right into your pocket after taxes and insurance. Close to all amenities and transportation. 3 schools are within a short walk. Two hospitals and U of C are five minutes away, a short commute to downtown and easy access west to the mountains! Priced for an immediate sale!

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The Calgary Real Estate Board has released the Calgary housing market statistics for the month of April. The biggest takeaway is that coronavirus put everything on hold, including the real estate market. Here are some highlights from the Calgary Real Estate Board’s report:

“April sales hit 573 units, a decline of 63 per cent over last year… Sales activity eased across all price ranges, but the largest declines were for homes priced above $600,000. New listings this month totaled 1,425 units, a decline of 54 per cent compared to last year. Inventories also declined, but with 5,565 units available, they remained high enough to push the months of supply above nine months.” - Calgary Real Estate Board April Report

“The decline in home sales does not

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In this day and age people have access to information that makes it easier for them to act as their own realtor. However, here are the top 3 reasons why having a realtor is so useful:

1). Experience: Here at Team Ken Richter we like to make sure our clients know that our experience is their advantage. With over 30 years of experience, we have truly seen it all. We have weathered many different market conditions, helped all different types of buyers and sellers and have watched the City of Calgary grow and change. We apply our years of experience to every aspect of our business. When you partner with Team Ken Richter, our experience will help guide you in ways that no google search can. 

2). Knowledge: The knowledge we have gained from working in

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Flipping homes refers to the practice of purchasing a house, completing necessary renovations, and then selling it for a profit. Many people attempt to do this and are unsuccessful, because there is a lot of risk involved. Buying a home is typically the biggest financial investment a person makes. Buying a home and hoping to flip it for a profit in a short amount of time is risky, but can have major payoff. Just look at all the shows on HGTV!

If you're considering trying to flip a home, here are some tips:

  1. Work with your local professional real estate agent--me! You need an expert to help you navigate the process of buying a home, since resale is an incredibly important factor. I can help you find a property that you can eventually sell for
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March was an interesting month for the Calgary real estate market. It started off strong, but like everything else in our world, was significantly impacted by the new coronavirus pandemic. Here are the highlights from the March 2020 Calgary Housing Market Statistics provided by the Calgary Real Estate Board:

  • "March sales activity started the month strong, but quickly changed, as concerns regarding the spread of COVID-19 brought about social distancing measures. This had a heavy impact on businesses and employment." - CREB® 
  • “This is an unprecedented time with a significant amount of uncertainty coming from both the wide impact of the pandemic and dramatic shift in the energy sector. It is not a surprise to see these concerns also weigh on the
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