A blog cannot deal with all aspects of a subject and is not intended to replace professional advice. It's purpose is to highlight information and identify areas of possible interest. Anyone wishing to discuss this blog or to make any comments or suggestions about this blog is invited to do so by either posting comments or emailing me directly.

 

 
"...you have to sell your present home at exactly the right time in order to avoid either the financial burden of owning two homes or, just as bad, the dilemma of having no place to live during the gap between closings."
 

 
Because your home may well be your largest asset, selling it is probably one of the most important decisions you will make in your life. To better understand the homeselling process, a guide has been prepared from current industry insider reports. Through these 27 tips you will discover how to protect and capitalize on your most important investment, reduce stress, be in control of your situation, and make the most profit possible.

1. Understand Why You Are Selling Your Home

Your motivation to sell is the determining factor as to how you will approach the process. It affects everything from what you set your asking price at to how much time, money and effort you're willing to invest in order to prepare your home for sale. For example, if your goal is for a...
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Here's another great video that answers a question that comes up once in a while:

 

 

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Is the Calgary Condo Market Headed Up?On Tuesday of this week, the Calgary Herald speculated that we might be seeing a boom in the near future in the Calgary condo market. Here's the story: Read More
 
Here are the thoughts of the writer:
  • Two new condo projects are being announced now
  • Demand is increasing according to one of the projects sales managers
  • Sales of some recent new projects have been solid
  • Employment growth, increased earnings and increased net migration to the province and the city seem to be fuelling demand in the condo market again
Those are his comments for the new condo market which will add many hundreds of new condo apartments in the next several years. There are dozens of other projects currently selling apartments and townhouses today.
 
The resale market is also experiencing signs of positive growth. As of this minute, and so for this month, there have been 317 condo sales for an average selling price of $303,901, according to the Calgary Real Estate Board Co-Operative's MLS® System. If this...
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Knowing Condo Insurance - real estate in CalgaryInsurance for condominium units is very different compared to the insurance that homeowners and tenants buy. Because condominium corporations must buy their own insurance, the insurance that unit owners buy has to be designed to complement that insurance coverage.
 
Like a tenant’s insurance policy, condominium unit owner policies cover personal property – furniture and personal effects. Like tenants and like homeowners, special attention is required to ensure that there is adequate coverage for high-risk property like jewellery, certain collectibles (like stamp and coin collections), and so on. If a pipe burst in a unit and seriously damaged the furniture, this section would provide coverage.
 
 
If you are considering buying or selling a condominium property, I'd be happy to talk to you.
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Every year, a condominium board is required to convene an annual general meeting of unit owners. At the meeting, owners elect a new board, which typically includes re-elected and new board members.

The addition of new members can cause some strife on the board, and between the board and the property manager. However, John Wannamaker of Samuel Property Management Ltd. says that if the property manager has a good understanding of the condo and is able to communicate effectively with all different types of personalities, conflict may be averted or, at the very least, minimized.
 

 

If you are considering buying or selling a condominium property, I'd be happy to talk to you.
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Here's another great video that explains one of questions we get asked at least once each month:
 

 

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Possession day in the sale or purchase of a home (also known as "Completion Day" in our real estate contracts) is a milestone for both the buyer and the seller. To make the it go smoothly, it's imperative that both the buyer and the seller are prepared.

Here are some of the items to deal with if you are the seller:

  • Make sure you provide your real estate lawyer with the copies of the purchase contract and Real Property Report as soon as the contract is finalized. (It's usually handled by your full-service real estate agent, but check with the lawyer to be sure). The lawyer will access a copy of your property title and verify the mortgages and any other financial obligations registered therein and then request payout amounts from each. Your lawyer will also review your Real Property Report with you and determine if there are still outstanding issues that need to be dealt with prior to the property title transfer. Normally this process should have been started when you listed your home for...
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Like any real estate agent, I can help you buy or sell any kind of real estate, but one of my favourite kinds of home is a condominium. Condominiums come in all kinds of different shapes and sizes. Often, people from other areas view condominiums as "apartments for sale." In actual fact, condominiums are all sorts of different building styles and not just apartments. Condominiums could be townhouses, or even detached homes. Condominium is a term for an ownership style and not a building style.
 
As a real estate agent working with buyers or sellers for the purchase or sale of condominium properties, it's quite complicated and it is one of the reasons that less than 20% of the real estate agents within the Calgary Real Estate Board have been able to achieve the CCS certification (Certified Condominium Specialist). While it's not required to have, this certification is something that astute buyers and sellers should be looking for in their real estate agent's credentials when they're...
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Here's another great video that explains one of questions we get asked at least once each month:
 

 

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In very active markets, some homes sell much quick than others, and some homes sell for close to full asking price while others sell for less.
 
Even in times of a slow market like we've had in Calgary for quite some time, there are ALWAYS properties that sell.
 
So the question is, why do some houses sell and others sit and lanquish on the market?
 
The answer is really simple: Houses that are priced competitively and staged impeccably, sell much faster and for more money. Sellers need to understand that just because their house is “on the market,” it doesn’t mean their house is “in the market.”
 
In this diagram, the vertical axis represents price. At the top are houses priced above the current market value. The most competitively priced homes appear closest to the center of the chart.
 
Pricing Homes

Source: Shift, Gary Keller, McGraw-Hill, 2009.

 
The horizontal axis represents condition and staging relative to the competition. Homes that...
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e-Pro Banner

Social media is still relatively new, and evolving every day. An agent with NAR's e-PRO® certification is dedicated to making the most of today's social media and technology to help you with your real estate needs, whatever they may be.
 
e-PRO® is only technology certification to be officially recognized, endorsed, and conferred by the National Association of REALTORS®.
 
Agents with NAR’s e-PRO® certification demonstrate:
  • Advanced training in using the latest technology and social media to promote your property or find your next home
  • A clear understanding of the ways that e-office strategies, rich media and social networking can benefit today's consumer in a real estate transaction
  • Excellence in adopting, implementing, and promoting technology best practices
  • Ethics with commitment to use technology in fair and responsible manner Professionalism by completing an education program designed to keep one’s technical knowledge and skill sets up-to-date
  • ...
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Pricing is an Art: To be successful in the sale of your home, get professional advice.Here's a secret: Real estate agents really cannot tell you what your home is going to sell for.
 
A real estate agent that's going to list your home for sale can show you comparable homes that have recently sold, home listings that are currently on the market, and homes that the market has rejected (expired or terminated listings). Like a good financial planner or stockbroker, a really good real estate professional should be able to interpret trends in the current market, and more importantly for you predict where the market is likely going.
 
However, once your real estate agent has gathered the information for you and then interpreted the past, present and future market trends for you... then YOU must choose the selling price.
 
BUT, only the Buyer will tell you if the price is right!
 
Be careful! To get your home to list for sale some agents might distort the truth. Because real estate agents can't possibly guarantee what your selling price will be, the ones who suggest...
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Source: KWRI - used under standard YouTube license terms.
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Data supplied by CREB®’s MLS ® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.