Calgary Real Estate Blog

What is the Difference Between Prequalified and Preapproved Mortgages in Canada?

The public, and even many REALTORS® view preapproved and prequalified as being the same thing, but they’re not.

Prequalified Mortgages

Prequalification is based on general information that has been given to a mortgage broker or to your bank (whichever one you’re going to use). This is the first step in buying a home so that you know how much you can afford.

With a pre-qualification, the mortgage broker or bank looks at your total income and your debt and gives you a rough idea on how much you can borrow. In other words, they tell you the amount of money that you could qualify for from a lender.

The broker or the bank will calculate your affordability by doing a

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Selling a home in Calgary can be stressful. In fact, some might say it competes with events like divorce and bankruptcy as being among the most emotionally draining things a person encounters in their lifetime.

Sometimes people make the choice to go it alone when selling a property. Often it seems that homeowners don't think the cost of a REALTOR ® is feasible. Or they don't see the value in a partnership with an agent at all.

But taking a For Sale, By Owner (FSBO) position is not without risks. The most daunting risk is losing out on what could be.

Real Estate Agent transactions can sell for 25% more than FSBO transactions.  If money is the issue, securing up to 25% more on the value of your home would cover all brokerage fees with money in the

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The journey to sell a home is filled with many important steps.

From initial conversations to final signings, there are myriad details to tend to, including scheduling inspections, hiring a Real Estate Agent, setting and negotiating a price, sprucing up your home, and more.

As such, the process can easily become overwhelming, even for the most seasoned home seller. Mistakes are likely to happen.

That's why today, we're going over five of the most common mistakes that can occur when you have a house for sale in Calgary. Knowing the pitfalls ahead of time can help you stay on track, on time, and within budget.

Ready to learn more? Let's get started!

1. Posting Poor-Quality Pictures

A survey by the National Association of REALTORS® revealed

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When is the best time to sell your house in Calgary?

It's nearly been 10 years since the recession. The recovery of the housing market and related markets have been tamped down from sluggish, but generally positive moves in the job market recently. That being said, it looks like the road to recovery continues.

However, there are always glimmers. While board statistics provide a manageable tool to see the whole, they don't tell the whole story.

Real estate is an ultra-local focus. What's true in one area simply doesn't apply in others.

Meeting with a Real Estate Professional will help you to decide it now is the time to sell your house in Calgary.

You'll get the best information speaking with an experienced, local realtor in your area.

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Are you looking to sell your home quickly? If so, there are a few things you should know before putting your home on the market.

Of course, selling a home isn't an easy process, but there are things you can do to make it go as quickly and painlessly as possible. The good news is that if the market is good, most well-priced homes sell within 10 to 21 days.  The average days on the market for all real estate in  Calgary is 45 days according to the September CREB stats.

However, there are a lot of factors that determine how long your home will take to sell. Here are 8 of our best tips to help sell your home quickly:

1. Establish a Timeline

It's also important to establish a timeline when selling your home, but it's even better to do if you need a

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You've decided to sell your home and now there are countless questions running through your head. Where do you start? What type of Calgary brokerage firm will fit your needs and yield the best results?

It's common for home sellers to believe that using a large, franchised real estate brokerage firm will be more advantageous. It's understandable why people think this way, but it's a complete misconception.

In fact, there are a number of advantages to using an independent real estate firm that you're probably are unaware of. A REALTOR® enjoys a number of freedoms and advantages when working for an independent firm. This allows them to provide a level of service not always found at the large firms.

Personalized Service at an Independent Calgary

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A home is quite possibly the largest investment you will make in your lifetime. That's why when it comes to selling your home, it's important to make sure you do everything you can to ensure a smooth, lucrative transaction.

It is important to have an expert on hand when selling your home to garner the best offer possible for your house and to negotiate the best price when an offer is written. Real estate agents can help you get the top dollar for your house through in-depth knowledge of the market and where your home stands in it.

The Canadian real estate market is booming with foreigners and natives buying up homes that are listed with savvy marketing and professional photography. When wondering, "How do I sell my house?" enlist the best agents in

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Have you ever walked into a home and instantly known it was "the one"? If that's happened to you, staging was probably a large part of that instant attraction.

An article posted by The Canadian Real Estate Association indicates professionals from the home staging and real estate industries are working together with greater frequency.

Some agents even include a home staging consultant as part of their services.

Many Calgary REALTORS® will offer you the same advice. Since there's no doubt staging is one of the keys to selling success, we've developed a checklist that will take some of the stress out of staging and even introduce a little bit of fun.

1. Declutter

While we know your family photos and tiny heirlooms are not clutter, potential

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Why Use a Calgary Real Estate Agent to Sell Your Home?

After years in recession, price decline and a gloomy outlook, the Calgary real estate market is bouncing back, especially for free-standing homes. You're thinking it's time to sell.

You're thinking it's time to sell, but should you do it alone? Do you really need a Calgary real estate agent?

The answer to this is "yes". Read on to see why.

1. Set the Right Valuation

It all starts with figuring out what your home is worth. This can be more difficult than it seems.

You can easily see what homes are selling for, but you may not have access to what that home actually sold for. The two numbers can be very different.

Setting the wrong valuation can mean that you either sell it for

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No matter which way you look at it, buying a home is a major investment. For many homebuyers, however, it can be an even more expensive process than it needs if they are trapped by:

  • Paying too much for the home they want,
  • Losing their dream home to another buyer, or
  • (Worse) buying the wrong home for their needs.

A systemized approach to the home buying process can help you steer clear of these common traps, allowing you to not only cut costs but also secure the home that’s best for you.

This important report discusses the nine most common and costly of these homebuyer traps, how to identify them, and what you can do to avoid them.

1.    Bidding Blind 

  • What price should you offer when you bid on a home?
  • Is the seller’s
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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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