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.
Yesterday, I held an Open House at 334 Ascot Circle SW.
I met so many wonderful people!
A big THANK YOU to everyone that came out in the chilly Calgary weather to see this wonderful home. We had 12 people through during those two hours including one real estate agent and her client. At one point it seemed to be like shark infested waters and a feeding frenzie of home buyers!
We should be getting an offer any day on this wonderful home in a tremendous complex in Aspen Woods.
If you're looking for a home in this area or any other west and northwest community of Calgary, please give me a call. I specialize in all of these neighbourhoods!
I'm hosting an OPEN HOUSE this Sunday from 2 - 4 pm. Come on down and say "hi."
Priced about $35,000 below an almost identical unit that came on the market today, this home offers tremendous value at $433,900!
Tranquility and style, this exquisite 2 bedroom townhouse is located in the highly sought after Enclave at Castle Keep in Aspen and is surrounded by an abundance of green space. It features a functional, open concept layout, dark hardwood floors throughout main level, 9 foot ceilings, a gourmet kitchen with stainless steel appliances, extended high modern cabinets with a raised eating bar overlooking the dining and living areas with over-sized windows and an unobstructed view of the forested area and ravine. The upper floor boasts two large master bedrooms, each with their own private ensuite and a conveniently located laundry room. The ground floor includes a tandem 2-car garage. The home is a quick commute to downtown Calgary and is close to all amenities, the C-Train...
Sales of homes in Hawkwood this past month are following a similar trend of many other established communities in Calgary. While sales are slower than sales in 2014, sales continute to happen and overall sales prices have not substantially lost ground. In fact, on an annualized basis the selling prices in Hawkwood for 2015 are up 3.2% over 2014.
Because home prices throughout many areas of the city are somewhat stalled, it remains a good time to buy homes for both first-time buyers and move-up buyers. However due to the negative influence of the media, many will tend to sit back and wait until prices begin to rise overall in the city instead of just in a few select neighbourhoods and price ranges as the case today.
Looking for a home in our lovely neighbourhood of Hawkwood or looking to sell one?
I'm the trusted neighbourhood real estate professional! I live here, I work here, I'm here for You!
Here are all the listings available in Hawkwood today: click...
Federal Finance Minister Bill Moreau announced in early December the government is increasing the down payment requirements for homebuyers seeking to purchase properties over $500,000. The move is designed to cool down the smoking-hot housing market in some of Canada’s biggest cities (namely, Vancouver and Toronto).
Homebuyers will have to put 10 percent down on the portion of the price over $500,000.
Anything under $500,000 will still only require a five percent down payment.
"This will impact one percent or less of the market,” Morneau told a news conference.
Morneau says the new measure is aimed at expensive homes while still encouraging first-time homebuyers to get into the market.
Those selling their homes in order to size up, especially in cities with hot housing markets, likely won’t feel the pain since they’ve built up equity in those properties.
Price impact: The influence over prices should be small given the narrow reach of the new rules, analysts say....
Today, the federal Finance Minister announced changes to the rules for government-backed mortgage insurance to contain risks in the housing market, reduce taxpayer exposure and support long-term stability.
Effective February 15, 2016, the minimum down payment for new insured mortgages will increase from 5% to 10% for the portion of the house price above $500,000. The 5% minimum down payment for properties up to $500,000 remains unchanged.
For example, a home costing $700,000 would require a $45,000 down payment – a 5% down payment on the first $500,000, added to a 10% down payment on the remaining $200,000.
Buyers shopping for homes below the $500,000 mark will be unaffected by the new rules.
The move is expected to take pressure off the Canada Mortgage and Housing Corporation (CMHC), which offers mortgage loan insurance for properties valued below $1 million.
Since the 2008 recession, the federal government has made it more challenging for Canadians to...
There has been little talk of the alignment of the Calgary MLS System community names and divisions with those of the City of Calgary. Early in January 2016, the map will be aligned.
What this means for consumers is that they can get more relevant information on the community they are interest in buying a home within. The 4 zones are being replaced with 8 districts. Some MLS System neighbourhoods are disappearing and almalgamating with a larger neighbourhood. (eg. Ranchland Estates almalgamates with Ranchlands; Lake Bonavista Estates almalgamates with Lake Bonavista; Garrison Woods amalgamates with Altadore.)
For me, it will be a bit of a challenge getting to learn some of the new nuances, but it does make a lot of sense and I welcome it. As far as I'm concerned, it's long overdue and the sooner it's implemented, the better!
Legal and safe secondary suites in Calgary appear on The City of Calgary’s registry. These suites have been inspected, and have met the numerous safety requirements under Alberta’s building code at the time the work allowed under the building permit was completed. Only suites that meet these safety requirements appear on the registry, and have been issued a numbered sticker that corresponds to their address. A map of all such suites is available in the link below.
Locally, we've recently had a lot of conversations about Seller Brokerage Contracts. What these are are the contracts that is agreed to by a Seller of property and the brokerage through the brokerage's agent to allow them to market the property on behalf of the Seller. Specifically our discussion have revolved around, the agreement regarding the real estate professional's obligations and the consumer's obligations regarding to their property when it is being listed for sale within the local MLS® System.
Firstly, there are several weaknesses that creep up as a result of Provincial Standard Forms. One of them is that they cater to the lowest standard of care.
One of the notorious weaknesses has been in detailing some of the individual real estate board rules that govern how the various MLS Systems in the province run. A few years ago in this province there were Harmonized MLS System Rules agreed to by all real estate boards in the province (which are still in place), but...
Every month, I've been mailing out 1,000 flyers in some of the newer sections of Hawkwood. (Actually, it's mailed out ten times a year.) There are lots of home insights for homeowners, renters and potential home sellers. If you have any questions about your current home value or wish to discuss marketing your home within the next 6 months, now is the time to talk with an experienced, real estate broker that actually lives in your neighbourhood. As Hawkwood's RE/MAX real estate professional and resident REALTOR®, I can help tell you what others may not be able to share with you. I'm also very "in tune" with many of the northwest and southwest neighbourhoods in the City of Calgary.
If you are currently renting your home, and you're thinking now may be the time to buy, please get in touch with me and we can get the process started. As you can imagine, the overall trend of house values within the City of Calgary is upward. Some communities can...
In visiting a number of homes, recently, we have noticed video and/or audio capture devices that were actively monitoring the premises. What this means to us is there is an increase in the number of home sellers that are actively recording their real estate agents, prospective buyers and their buyer agents during the course of open houses or private showing appointments.
This is something we were concerned with several years ago with baby monitors being positioned in homes and turned on so that home sellers could "eavesdrop" on the buyer's viewing sppointment from nearby outside the home. That was something we always warned our clients about when we were showing homes to them and reminded them again when we noticed monitoring equipment (whether or not we could determine if the device was "on".)
Times have now changed: it is starting to appear quite often. In a few cases the common indicator light showing the device is acively monitoring had been covered up or possibly even disconnected....
This past week, I came across a post card hanging on the door knob of one of the homes that I currently have listed for sale. The card was hanging from the door knob and was about 15 cm by 40 cm in size – so it was very highly visible.
The card featured the words "LOCK BOXES SUCK" superimposed on a photo of a standard REALTOR's lock box. Okay, I was intrigued.
I turned the card over. It was marketing by the local For Sale By Owner (FSBO) franchise. I didn't see a similar card on any of the neighbouring homes – so I assume it was targeted to only the homes with real estate signs. Hmm – I'm quite sure I wouldn't do business that way, but they probably have a business plan and process that they must follow as franchisees. In the really fine print on the card it specifically stated that they are not real estate brokers nor agents. Wow – that's news to me because when I was looking at ways to expand my real estate business a few years ago they were one...
Source: Used under standard YouTube license terms.
Designated playground zones are an important part of keeping children safe. There are approximately 1,500 existing playground zones and 180 school zones in Calgary. Both of these zones were created to increase the safety of children from motorists traveling through these areas. With Provincial government legislation in place to allow municipalities to set their own school and playground hours, it was determined that transitioning school zones to playground zones was the appropriate solution.
Having two different designated zones was confusing to motorists who may not be aware of when school is in session. Having only playground zones helps to provide a clear message to motorists, promote uniform motorist behaviour, and increase safety for pedestrians and motorists.
The new hours (7:30 a.m. to 9 p.m. – everyday) reflect the times that playground zones are being used by children and other pedestrians, and...
Neighbourhood of HAWKWOOD Stats as of the end of August 2015:
With the end of summer all but complete, the summer market ends this week as we enter the Labour Day weekend. Although school has already started, home purchasers tend to get back into their home hunt after this unofficial end of summer. Market activity should warm up some between now and Thanksgiving's Day. Now is a good time to buy that home you've been keeping an eye on (providing you and your agent are able to get a market value price for it -- there are, incredibly, a few homes on that market that are still priced too high for their location and/or condition.)
Overall, the Hawkwood community remains in a BALANCED MARKET for the month.
Attached homes (townhouses & side-by-side duplexes):
Neighbourhood of HAWKWOOD Stats as of the end of July 2015:
July is usually the slowest month of the year for real estate sales in Calgary. This year shows no variation from the norm. We should start to see the listing and sales activity slowly climb until mid-November. It may be a great time to both put a home on the market and to shop for homes in Hawkwood. There will be a little less to choose from than the winter-spring market, but there will be far, far fewer people to compete with in shopping for homes. This also is an ideal time to see property at their visual peak – the grass remains close to green and there's no snow hiding unkept landscaping.
Attached homes (townhouses & side-by-side duplexes):
Neighbourhood of HAWKWOOD Stats as of end of June 2015:
As usual, the spring market ended in May and June showed the usual slowdown in resale market activity. With fewer home buyers shopping and fewer homes for sale for the summer months, it may be a great time to both put a home on the market and to shop for homes in Hawkwood. There will be a little less to choose from, but there will be far, far fewer people to compete with in shopping for homes. This also is an ideal time to see property at their visual peak – the grass is green and there's no snow hiding unkept landscaping.
Attached homes (townhouses & side-by-side duplexes):
0 Conditionally Sold
0 Sold June 1 - 30
0 Conditionally Sold
1 Sold June 1 - 30
0 Conditionally Sold
5 Sold June 1 - 30
3.40 months of supply - Balanced Market
But then we break down the detached homes further:
Seller Secrets for Today's Calgary Real Estate Market
When it comes to selling your house, you probably want to get the most money you can in the least amount of time, with the least amount of hassle.
To help you create the best pricing strategy, we've compiled research and advice from leading experts to give you the very best answers to the most common pricing issues and questions.
This is the result of countless hours of market study, including the review of thousands of survey responses, as well as list price and sold price data from literally hundreds of thousands of transactions.
And the research is clear: pricing a house for sale correctly from the start is one of the most important factors in ensuring that the house sells quickly and for the highest price possible.
The very best agents know the secrets to pricing a house right. And now you will, too.
In this video series, we'll explore how the market determines price, the value of improvements, a...
In today's highly competitive real estate industry, many real estate agents have taken to reducing services in order to remain profitable. With the average real estate agent in the Calgary area only doing 5 or 6 transactions in a year, it's no wonder services are being cut back. Like you, most consumers today are looking for better value for the money they spend for all types of services – not reduced services and ineffective results.
Choose your real estate agent or broker carefully whether you're buying or selling real estate. Like with any other service provider, look for value, personal service, commitment, integrity, ethics and results. Here are some of the questions to ask your prospective real estate agent/broker or REALTOR®:
Are you a full-service real estate agent/broker and REALTOR®? In addition to real estate, are you also holding down another part-time or full-time job?
What is included in a typical agent's "full-service" and what premium services do you...
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.