Economic Conditions Continue to Influence the Resale Market
Sitting below long-term averages, November sales in the city totaled 1,171 units. For the year so far, sales activity has totaled 15,349 units, a 14 per cent decline over last year and nearly 20 per cent below long-term averages. “Recent challenges in the energy sector have weighed on consumer confidence over the past month. Combined with weakness in the employment market and further gains in lending rates, this is impacting...
Multiple Offers Situation
I made an offer on a property that was not accepted. I later learned there were multiple offers on the property; if I had known I would have raised my offer. Doesn’t the seller have to tell buyers there are multiple offers? No, sellers in Alberta do not have to tell buyers if there are multiple offers. Sellers are in the driver’s seat when it comes to multiple offers. If the seller instructs their agent not to disclose that...
Buying a Foreclosure Property
I recently found a house listed at a price that seems too good to be true. I discovered the house is a court-ordered sale as the result of foreclosure proceedings. Are there any risks when buying a foreclosure? Yes, there can be risks associated with buying a foreclosure property. Foreclosure properties may be offered at a lower than expected price, but you need to know what you’re getting into. A foreclosure sale, which...
Conditional Sales Disclosure
Why does the MLS Show ACTIVE, when a property is Conditionally Sold? A number of clients have asked us why a property shows Active on the MLS when the property is Conditionally Sold? This seems Crazy to us also. Here is the reasoning as explained in a Calgary Real Estate Board Article From January 2014 WHAT IS PENDING STATUS? You are selling your home. There are myriad of papers placed in front of you to sign, and at least as many...
Steps to Home Ownership
Steps to Home Ownership These are the steps to Home Ownership, by Glen Godlonton. Use this detailed explanation, along with the free downloadable reference checklist (from the bottom of this page) to help you buy your home! This detailed explanation of the step-by-step process will help you understand the entire process! Make a decision to Buy or Rent: We will help you determine the right time to buy. Why pay someone else’s mortgage,...
Recent From NW Infill Listings Detailed
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NW Infill Listings Dec 5, 2015 -
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