Calgary Real Estate Buying Tips

Found 8 blog entries about Calgary Real Estate Buying Tips.

5 Steps to Finding Your Next Calgary Home

Whether you’re a first-time buyer or a seasoned homeowner, shopping for a new home can feel daunting. In fact, 56% of buyers said that “finding the right property” was the most difficult step in the home buying process.1

Buying a new home is a significant commitment of both time and money. And a home purchase has the power to improve both your current quality of life and your future financial security, so the stakes are high.

Follow these five steps—and complete the corresponding worksheet offered below—to assess your priorities, streamline your search, and choose your next home with confidence.

STEP 1: Set Your Goals and Priorities

The first step to finding your ideal home is determining WHY you

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INTRODUCTION

Turn on the television or scroll through Facebook, and chances are you’ll see at least one advertisement for a group or “guru” who promises to teach you how to “get rich quick” through real estate investing. The truth is, much of what they’re selling are high-risk tactics that aren’t a good fit for the average investor. However, there is a way to make steady, predictable, low-risk income through real estate investing. In this blog post, we’ll examine the tried-and-true tactics that can be used to increase your income, pay off debt … even fund your retirement!

WHY INVEST IN REAL ESTATE?

One of the basic principles of real estate investment lies in this fact: everyone needs a place to live. But there are other reasons why real estate

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New West Custom & Luxury Homes and Kevin Leung - CIR Realty, Calgary's Custom Infill Builder, is the builder of choice for you. Along with being a award winning Calgary Realtor, Kevin is also Area Sales Manager with New West combining the best of both worlds so we can offer our clients a one stop shop; from beginning to end our team can help with everything starting with land/lot acquisition, architectural planning and design, City of Calgary permitting, help sell your existing home if needed, interior design, financing and construction. For those who are investors who are looking to sell their Calgary Infill, Kevin Leung Real Estate Team can also help with the marketing and sales of the properties.

We are here to turn you dream custom home into a

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Selling your property and buying a new home can be a potentially intimidating experience... so much so that these jitters may even prevent some people from making a move!

It doesn't have to be that way.

A big part of the stress of selling and buying comes from not understanding the process or having unanswered questions. You might worry about how the state of the market will affect the value of your purchase over the long term or what you would do if you found your dream home before receiving any offers on your current property.

That's where a good REALTOR® comes in. He or she can explain the process to you, answer all your questions, and show you how to make your move go smoothly.

Looking for a good REALTOR®? Call today. 

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A well chosen rental is a great investment to add to your investment portfolio.  With the vacancy rate in the city at 2.01% according to the City of Calgary 2014 Census results, right now is especially a good time to be owning a rental.

There are many things to consider when buying a rental, and many great sources of information.   For example, take a look at the City of Calgary Census results for overall vacancy rates or by ward to see which area you would like to consider.  Or the vacancy rate by structure type to see what kind of property you would like. 

Take a look at what other people are listing their rental for on the market to get a gauge of expected income.  One popular rental listing website is Rentfaster, where you can filter by area,

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After the excitement of finding the right home, it's a busy time preparing to move. There is always much to do to get ready in addition to packing, so we want to share a quick list we use as a reminder of things do before/after moving to a new house.

  • Set up utilities
  • Set up/Move Phone, Internet, and TV services
  • Buy home insurance
  • Set up Property Taxes
  • Set up Condo Fee Payment
  • Update Driver License
  • Update Car Insurance
  • Update Employment Information
  • Update Schools & Register for new schools & transfer school records
  • Sign up for Mail forwarding to new address
  • Sign up for Welcome Wagon (Optional of course.   But is always nice to have a visit with a new neighbor and get some coupons and samples)

Other great resources for check

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How do you select the best moving company for your needs?

  • Ask for recommendations from friends other professionals in the local real estate industry.
  • Beware of fly-by-night operations. They may seem like a bargain, but you get what you pay for.
  • Does the company provide you with a written estimate and contract? (Beware of movers that just give you a price over the phone.)
  • Ask if they are covered by insurance, and what their policy is regarding lost or broken items. Make sure you receive a copy of their insurance certificate.

Finally, always ask what circumstances would result in extra charges being applied. The number one complaint received about movers by the Better Business Bureau is unexpected extra charges.

Questions about moving?

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If you're thinking of making a move within the next few months, there are two important things you need to know.

The first is the market value of your current Calgary property. That's the amount your home will likely sell for on today's market. When you know its market value, you'll have a better idea of how much money will be available to invest in a new home.

The second is an overview of what's available in the Calgary Real Estate market. Which of the homes currently available for sale meet your criteria with respect to type of home, special features (such as a big kitchen or open concept), neighbourhood, etc? How much are these homes selling for?

With those two pieces of information, you'll be able to make a better decision.

A good Calgary

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