Buying real estate requires a certain amount of effort. By following a tried and true method of home shopping you can reduce that effort and at the same time make a dent in the anxiety that normally goes along with the process. The difference is as glaring as fixing a near microscopic crack in a sidewalk compared to repaving an entire slab.
Find a Real Estate Agent That Listens
It’s a given that you’d want a real estate agent that is familiar with the neighborhood you’re interested in and all the legalities that go along with a real estate deal. But, consider this; you’ll be working with this person for several weeks at least. You may get lucky and find a home quickly but it still takes a while to close. Sometimes the search goes on for months in a tight market, especially if you have a limited budget. Finding a real estate agent that really listens to your wants and needs can make the process easier. A sharp agent won’t show you a three...
OK, so you’re tired of paying rent, tired of living somewhere you really can’t update or paint your favorite color and you just want to get your own space. It may be tempting to rush out and buy a home, any home, to gain some feeling of independence but you’d be better off if you took the time to study the situation.
The Canada Mortgage and Housing Corporation, or CMHC for short, recently took a survey of 500 first time home buyers, both those who were still looking and those that had already moved into that first home. They also held a focus group on the subject. Between the two studies CMHC gained valuable information on the process.
A marked difference in the real estate world was the number of first time home buyers that started their home search online, 72 percent. Repeat buyers took that step only 29 percent of the time. In the computer age that’s not surprising as consumers and the real estate world have embraced technology. You used...
In February the Alberta government adjusted its policy when it comes to New Home Warranties. Now every new home built in the province of Alberta will be protected under Alberta’s New Home Buyer Protection Act. This includes: Single family homes, duplexes, condominiums, multi-family homes, manufactured homes and recreational properties.
New Home Builders will now be required to input the warranty information for every new home they build after February 1, 2014. You will be able to access all the warranty information by simply typing in your home’s address at www.homewarranty.alberta.ca/public-registry. Home owners will be able to record critical dates and find the contact information for their warranty provider.
How Long Is My Warranty
At minimum, your new home’s warranty will cover 1 yearfor labour and materials: This takes care of issues with the way your home was...