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The Importance of a Calgary Homes – Real Property Report

Many Calgary home buyers and sellers are unaware of what a Real Property Report (RPR) is and why it is needed. An RPR is the land survey showing the boundaries of the Calgary property and all the buildings and improvements on the property. This is everything from the house, garage, air conditioner, fence, deck, etc. […]

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Dealing with a Property Inspection

These days a property inspection can be a very tricky obstacle to overcome as a buyer or seller when trying to complete a sale. A lot of factors come into play when determining what is an issue or not. Sellers It is important to set expectations from the start as a seller what you will […]

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What is a Property Worth?

The question that everyone wants to know when they are buying or selling is ‘what is a property worth?’ With so much information out there it is easy to try and drill down to an exact number what a property is worth. I can tell you this; It is only worth what a buyer will pay […]

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Calgary Real Estate Board’s 2017 Market Forecast

On January 11, 2017 the Calgary Real Estate Board came out with their 2017 Market Forecast.  Below are the highlights… *Supply is declining and demand remains low but is improving in most sectors of the market *Stability will return to the housing market in 2017 beginning in the 2nd half of the year *The transition […]

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The Value Of A Mortgage Pre Approval In Todays Environment

We are seeing more conditional sales falling apart due to mortgage approval being denied by either the lender or mortgage insurer. Buyers who thought they would have no problem being approved and did not go through the formal pre-approval process with their bank or mortgage broker before making an offer, were surprised when given the bad […]

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Closing Legal Fees

Generally, legal fees charged by a law firm in relation to a residential real estate transaction are not billed as other legal work would be (where the practice of hourly billing is utilized). It is standard practice in Alberta that lawyers will charge a flat rate plus disbursements. Disbursements vary according to the value of […]

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New Measurement Standards

As of September 1st, 2016 the Real Estate Council of Alberta (RECA) implemented a new measurement standard (RMS). As a result of the many lawsuits in Edmonton for discrepancies in square footage in real estate transactions, RECA jumped into action. The RMS is calculated differently depending on the type of property you are dealing with…. Single […]

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Professional Condo Document Review

When buying a condo the most important condition to include in your offer is ‘Condominium Document Review’.  These documents contain very important information about the building or complex you are buying into. Without knowing this information you are flying blind. Many people understand that reading the documents in important, but don’t understand that getting them […]

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