Why Borrow Against Home Equity
Posted on Sep 09, 2019
Home equity is the difference between the value of your home and the unpaid balance of your current mortgage.
For example, if your home is worth $250,000 and you owe $150,000 dollars on your mortgage, you’d have $100,000 in home equity.
Your home equity goes up in two ways:
- as you pay down your mortgage
- if the value of your home increases
You may be...
Using a REALTOR® Leads to a Much Higher Sales Price than Selling a Home Yourself
Posted on Sep 09, 2019
According to a research report done by the National Association of Realtors. For Sale by Owner [FSBO] properties typically sell for much less than the selling price of other homes. Last year, across the United States, the average FSBO home sold at a median of $200,000,
which is significantly lower than the median of agent-assisted homes, which sold...
Sales activity increase led by lower-priced homes
Posted on Sep 09, 2019
City of Calgary, September 3, 2019 – Increased sales and easing new listings reduced housing inventories in August. Sales were primarily driven by homes priced below $500,000.“Employment numbers have been improving, but mostly in industries that are traditionally lower paid,” said CREB® chief economist Ann-Marie Lurie. “This is contributing to the...
Tips to Keep Your Home Cool
Posted on Aug 07, 2019
Keep Your Blinds and Curtains Closed
-
This might seem obvious, but draw your blinds and curtains to prevent your windows acting like a greenhouse. Up to 30 per cent of heat can come from windows, so by keeping them closed that heat will be reflected back outside and you’ll keep the temperature lower.
Open (and Close!) Doors
-
While it makes sense to ke...
The Value of a REALTOR®
Posted on Aug 07, 2019
Choosing to hire a Realtor is choosing to hire a professional with specialized expertise, and who is legally bound to work in your best interest to guide you through a process that the average Canadian only undertakes a handful of times throughout their adult life.Realtors provide valuable insight on the state of the current real estate market, whi...
Sales improving and inventory declines for fourth month in a row
Posted on Aug 04, 2019
City of Calgary, August 1, 2019 – For the fourth consecutive month, inventories in the market declined compared to last year. This is due to the combination of improving sales and a decline in new listings. The market continues to favour the buyer, but a continuation in supply reduction compared to sales is needed to support more balanced condition...