Real Estate Blog

How to Give an Earnest Money DepositAn earnest money deposit is also called an initial deposit, and it's typically made to show the seller just how serious a buyer is. There are several things to note before handing over several thousands of dollars though. Not only can earnest money deposits tie up money, which could otherwise be used for a more suitable property, but there is a possibility the earnest money deposit can be lost to the seller. Learn more about what it takes to navigate this process so it's mutually beneficial to City Centre home buyers and sellers.

For informational purposes only. Always consult with a financial advisor before proceeding with any real estate transaction.

The Basics

Earnest money is not required for home sales, and it's entirely negotiable. It's

58 Views, 0 Comments

Mortgage Mistakes All Buyers Need to KnowAll Varsity buyers need a mortgage if they don’t plan on buying with cash. For this reason, mortgages are extremely important to the home buying process, so it’s extremely important to do everything correctly. However, there are a lot of mistakes that are easy to make while applying for a mortgage or trying to purchase a home with a mortgage. Here are some of the common mistakes home buyers make regarding mortgages and how they can be avoided.

Getting Pre-Qualified, Not Pre-Approved

The first step to buying a new home is to get pre-approved for a mortgage. However, the first step to getting pre-approved for a mortgage is to get pre-qualified. Unfortunately, the names of these steps are quite similar, and that similarity often leads to buyers

56 Views, 0 Comments

4 Great Lighting Ideas For Your HomeWhen decorating an Upper Mount Royal home , most people think almost exclusively about furniture. Sofas and tables and chairs are all extremely important for completing a home’s unique look, but homeowners often don’t think very much about lighting beyond an accent lamp or two. Lighting is extremely important in homes, as it can drastically change the mood in a room and give it a new feeling with very little work. Here are some popular ways to use lighting in different rooms around the home that homeowners should try playing around with and using in their own homes.

Kitchen Lighting Ideas

Lighting in a kitchen is extremely important because no one wants any accidents to occur while making dinner due to not having enough light. For kitchens, a

55 Views, 0 Comments

4 Things You Need to Know When Hiring an AgentWhether buying your first home or selling a home, everyone should hire a real estate agent in order to get the best experience possible. However, it can be difficult for buyers and sellers to know which real estate agent is right for them. There are so many different agents all marketing themselves as the best, but not every agent is the best for every buyer or seller. When Varsity Calgary homeowners are looking for a real estate agent to work with, here are some things to keep in mind.

Read Reviews from Past Clients

Just about all real estate agents and agencies will have a page on their website dedicated to client testimonials to tell everyone how great they are. If a testimonial page can’t be found on their website or Facebook page (some

67 Views, 0 Comments

If You're Organizing Your Garage, Here's What You Should KnowIt's good to organize your West Hillhurst garage every so often because garages can so easily become messy and cluttered. Particularly if you want to put your car in the garage, or if you want to sell your home soon, it's smart to get your garage organized and tidy. These tips can help.

Make a Plan

For any home improvement project, having a plan in place before beginning the work makes it easier to get through the job. To make a plan, answer the following questions:

  • What is the goal?
  • What is in the garage that can go?
  • What should be kept?
  • What needs to be organized?
  • How many people need to help?
  • How long should this take?
  • Which tools will be needed to do the job?

It's not always necessary to have a written plan in

40 Views, 0 Comments

4 Things You Should Know About Tiny HomesThe exact opposite of the McMansion, the newest trend in housing is the tiny home. A tiny home is a home that is 500 square feet or smaller. They are often mobile, so homeowners can hitch them to a truck and move them, and they are usually a fraction of the cost of a traditional home. Because of this, many people are tempted to buy their own tiny home. However, tiny homes may have some issues that buyers need to know before investing in one. Here is what every buyer interested in tiny homes should know before they purchase one.

Tiny Homes Often Don’t Have Traditional Plumbing

When a Varsity Calgary home is 500 square feet or smaller, there isn’t a lot of space for the traditional things homeowners like having, such as plumbing. Normal flushing

60 Views, 0 Comments

4 Window Types You Should Know AboutWhen purchasing a new construction home, the buyer has a certain amount of power when it comes to making decisions for what the home will have. From the wood used to make cupboards to the type of doorknobs on each of the doors, buyers can choose a lot of what will go into their new home. One of the bigger things a buyer can choose is the type of windows that will be installed in the home. There are many different types of windows buyers can choose from that can drastically change how a home looks. Here are some of the different types of windows and what sets them apart from each other.

Single- and Double-Hung Windows

The most common window choice for homes is the simple single-hung or double-hung window. The difference between the two is how they

51 Views, 0 Comments

Guide for New Landlords Looking to Rent a HomeRenting a home instead of selling the home, even in a buyers market, may look like a great way to generate extra income. Some Canadian homeowners are well suited to the task and rent out primary and secondary homes. However, there are challenges that can arise when renting out a property and a discussion with a financial planner may help one ascertain whether it is worthwhile to try to rent according to applicable housing laws and restrictions. Understand more about what it takes to successfully rent a home today.

For informational purposes only. Always consult with an attorney or certified tax expert before proceeding with any real estate transaction.

Canadian Landlord Obligations

Those looking to rent a home for the first time may want to

74 Views, 0 Comments

Seller Disclosure When Listing a HomeSellers do have certain obligations when working with potential buyers. Canadian homeowners aware of certain issues, such as mould, basement flooding or unpermitted work, may not be able to keep the information to themselves. Potential buyers should be privy to details about a home in specific circumstances and when regulated by the laws in the province or territory. Seller disclosure should not be overlooked when selling property in Canada, as details can make a significant difference to buyers.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Read the Real Estate Disclosure Form

Sellers are responsible for completing the Real Estate Disclosure form or

86 Views, 0 Comments

How Is VR Being Used to Sell Homes?Virtual reality (VR) is still a novelty for the vast majority of people. Their experience with it may be limited to anything from video games to pop-up exhibits in amusement parks. But those looking to purchase a luxury home may have more exposure to VR than sellers realize. The nicer a home is, the more VR can show off its quality. Sellers who help buyers become attached to the property—before they set foot on it—have the best chance of getting the unicorn price they were hoping for. See why VR has been so successful for those who want to maximize their marketing.

Extra Eyes

Consider a new home buyer located in a fast sellers market who has seen 10 properties in the course of a single weekend. They may have strong memories of two, vague memories

96 Views, 0 Comments