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.

 

 

A Condominum Document Review is one of the many standard conditions that can be entered on an offer to purchase for Alberta real estate. This condition is inserted to protect the buyer's interests when buying property with condominium ownership. In many cases reviewing the condominium documents is far more important than even doing a home inspection with a licensed property inspector. There are dozens of documents to review: audited and unaudited financial statements, operating budgets, board meetings, engineer reports, a survey(s), 25-year cash-flow projections, owner's obligations, restrictions, by-laws, rules and policies. There are just so many important and costly things that can be hidden in those documents relating to the condominium corporation that you're getting involved in and how well it is being run. In buying a unit in a condominium corporation, you become an partial owner of that corporation. The condominium corporation is a not-for-profit corporation which is run by the board...

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Take a look at this information in these videos:

When you're ready to buy a home, work with an ABR®:
 
 

 

Source: Used under standard YouTube license terms.
 
The difference between an ABR® and a buyer's representative:
 

 

Source: Used under standard YouTube license terms.
 
Why consumers should hire an ABR®:
 

 

Source: Used under standard YouTube license terms.
 
The difference between Customers and Clients:
 

 

Source: Used under standard YouTube license terms.
 
In Alberta, by law, in order to receive buyer representation, you, as a client, must sign a representation agreement with your real estate agent. By Alberta law, if you decline to or fail to sign an agreement, the agent must treat you as a customer. The agent you are working with will get you to acknowledge that fact in writing to show that you have waived your right to representation in the purchase of the property. Yes, even if the seller is represented...
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The end of December quickly approaches and that means that winter will be here in a matter of days!

 

Many people in Calgary and area view the spring and summer as great times to buy and sell a home, however in Calgary, our busiest times for real estate sales are actually in March, April and May which, officially, are a late winter and early spring market. There are a number of very good reasons to consider selling your home right after the new year. Here are three great reasons:

 

Your property listing will have less competition — Motivated buyers have less to choose from in January and February, so it’s really safe to say that they’re going to pay attention to every single listing that comes onto the Calgary area MLS® System. Unlike durung the spring market wherein there are literally dozens of new property listings hitting the active market every single day, buyers actually pay more attention to each and every property listing in this slower time period....

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At this time every year I receive emails and calls from consumers and past clients asking for an updated Comparative Market Analyis (CMA) to help determine if the City of Calgary's Tax Assessment is accurate or if it should be appealed. Well, the first answer is that real estate agents cannot do market evalations for anything but determining the value of a home in the current market for the purpose of buying or selling. We cannot provide CMAs for the purpose of appealing your taxes. The reason for this is that most real estate agents and brokers are not certified or licensed to provide appraisals. And, the methods we use to calculate market values are not appropriate for calculating either an appraised value nor an assessed value for tax purposes. Real estate agents and brokers consider current and future market demand for a CMA, while the other methods cannot.

 

While the values may or may not be similar, they are actually quite different.

First, let me explain what is a property tax...

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Here are some helpful (and colourful!) stats, guidelines and cost-saving ideas for making your home more eco-friendly.

 

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