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Found 2 entries for March, 2017.

 Closing costs and expenses in Calgary Alberta

Closing costs blog post

 

What do you have to pay?

Closing costs are separated into two parts; the buyer and the seller. The seller pays the commission, but the commission is not considered a closing cost. A closing cost includes the legal fees and disbursements from the lawyer, his base fee plus disbursements, courier cost and so on. There will also be tax adjustments.

Tax Adjustments

In Calgary, property taxes are due June 30th, every year. When you pay on June 30th, you’ve actually paid for the past six months and for the next six months. Therefore, if you sell your home during the first six months of the year, and then the closing is on say, May 30th, you, as the seller, actually owe the new buyer 5 months’

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The Compound Effect: Building Your Household’s Wealth  

Wealth is within reach for many people; however, according to a recent study, 63 percent of Americans said it’s not likely they’ll become rich.1 While younger people are more likely to say they’ll achieve wealth one day, only 34 percent of people aged 30 to 49 and 21 percent of people aged 50 or older say the same. There is no secret to becoming rich: it takes time, sacrifice and good financial sense. Here are a few ways to build your household’s wealth.

Let Compound Interest Work for You

Compound interest is your interest earning interest. While the concept may work against you when you take out a loan to buy a car or use your credit card, it works in your favour when you’re saving

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The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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