Tips for Saving for your New Home

Buying a new home takes some planning and some strategic saving; but, with a little forethought coupled with action, you can make home buying a reality.

Be aware that you will need at least a 20% down payment of the purchase price of the house to avoid having to use Canadian Mortgage and Housing Corporation (CMHC) for default insurance. However, using default insurance through CMHC allows you to place a down payment of only 5% of the purchase price of the home. Keep in mind that you will pay more on your mortgage by obtaining default insurance. Below are some tips to help you save money for a down payment on a house:

Take a look at your monthly expenses. Determine what you can realistically afford to put away per month. Once you have determined…

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How to Get Front-of-the-Line Access to Desirable Homes for Sale

As you've probably noticed, credit card companies regularly offer bonuses to get you to apply for their cards. For example, one such card company offers opportunities to buy tickets to concerts and other events ahead of everyone else. It's their "front of the line" service.

When you’re searching for a new home, wouldn't it be great if you could get to the front of the line on desirable properties – before other buyers get the chance?

Well, in a way, you can.

The first thing you need to do is create a profile for the specific type of home you're looking to buy. That profile will need to include the basics, such as type of home (e.g. detached), size and rooms (e.g. 2000-2,500 sq. ft., 3 bedrooms, 2 baths), and your target…

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Why Use a REALTOR®?

Industry know-how

To be honest, you won't see as many transactions as a REALTOR® does. An average family buys/sells Real Estate every 5 to 10 years. This is because when you buy a house, you're looking to create a home. You want your family to grow in it and you're only going to look to move from it if your family has outgrown it due to a baby on the way or kids growing up (upsizing) or the house has become too big due to the kids leaving for university or buying their own property (downsizing). This means that you probably don’t have a lot of experience with the ins and outs of real estate.  On the flip side of things, REALTORS® have the experience and education to get things done within the industry. They handle contracts and the real estate process…

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Using Your RRSPs to Purchase a Home

When looking at purchasing a home, one thing that many people are concerned about is the ability to put a down payment on the property. A 20% down payment of the purchase price of the home is typically required. If a 20% down payment is not doable, then a 5% option is available. However, you are then required to have mortgage insurance through CMHC to be able to qualify for the mortgage.

Regardless if it is a 5% or 20% down payment, the government of Canada allows home buyers to use their RRSPs to purchase a home without a penalty for withdrawing the RRSPs This is called Home Buyer’s Plan or HBP.

However, before you withdraw anything, the following conditions must be met:

1)     The maximum amount you can withdraw from your RRSPs per year is…

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Combating the Winter Blues

We're in the final stretch of winter and spring is so close I can almost feel it. Although, that may just be another chinook on the horizon. Whether you're counting down the days to warmer weather or trying to sneak in one last ski day, one thing we all may have in common are those winter blues. I've compiled a list of 5 things you can do to get you through the last cold month.

1. Get outside! Lack of sunlight can cause a drop in your serotonin levels and a rise in melatonin levels resulting in Seasonal Affective Disorder (SAD).

2. Eat wholesome foods! What we eat has so much more to do with our moods than we think. Give your body foods rich in vitamins and drink your water! You will be pleasantly surprised by your improved mood.

3.…

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Why Live In Legacy? | 13 Legacy Gate SE, Calgary

With 13 Legacy Gate SE, Calgary hitting the Real Estate Market, it is time to answer the age old question: Why Live in Legacy, Calgary?

Legacy

Legacy is a residential neighborhood located in the SE of Calgary, Alberta. The community of Legacy has roughly 15 km of scenic pathways that pass serene ponds, wide open green spaces the ridge of the environmental reserve making Legacy a wonderful option for walk-ability. There is ample space to cycle, jog, stroll, enjoy a coffee or picnic wherever you choose. You can even walk from one end of the community to the other without ever leaving the pathways. Legacy is home to: All Saints High School, A future Public Junior High School, Separate K-9 School, Public Elementary School. Kids of all ages can go to…

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Beyond Boxes: Packing Materials You May Need for your Move

Beyond Boxes: Packing Materials You May Need for your Move

As you can probably guess, when you're preparing to move, you'll need boxes and tape — and, perhaps some bubble-wrap or old newspapers to use as protective wrapping for delicate items.

But that may not be all you need. Take a look at this list and see if you'll want any of these on hand while you’re packing or on moving day.

• Colour markers for labelling boxes. (Tip: Colour coding boxes by room will make unpacking much easier.)
• Stretch wrap to protect larger items that can't fit into a box.
• Small plastic bags to store dis-assembled parts, such as sofa legs, cabinet hardware, etc. (You don't want to lose them!)
• Moving blankets to protect floors.
• A dolly or hand truck…

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Why Use a REALTOR®?

Industry know-how

To be honest, you won't see as many transactions as a REALTOR® does. An average family buys/sells Real Estate every 5 to 10 years. This is because when you buy a house, you're looking to create a home. You want your family to grow in it and you're only going to look to move from it if your family has outgrown it due to a baby on the way or kids growing up (upsizing) or the house has become too big due to the kids leaving for university or buying their own property (downsizing). This means that you probably don’t have a lot of experience with the ins and outs of real estate.  On the flip side of things, REALTORS® have the experience and education to get things done within the industry. They handle contracts and the real estate…

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6 Affordable Ways to Boost your Home's Curb Appeal

When buyers come to see your home, the first thing they notice is how your property looks from the curb. That first impression is powerful and lingering. If buyers don't like what they see, it can influence how they judge the rest of your property, regardless of how great it looks on the inside.

You definitely want to do whatever you can to boost curb appeal. Here are six affordable ideas to consider: 

1. Driveway sealing. This makes the pavement look darker and less faded. It also helps cover up some of the cracks. Sealing won't give you the "brand new" look of repaving, but it's close — and significantly less expensive.
2. Exterior window washing. Washing the front windows makes them look clean and bright. In fact, the effect can be stunning.…

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Local Personalization

Shop Local

Local personalization combines two growing trends that clients love and leads to more repeat and referral clients which should make up the vast majority of any relationship based business. Choosing an Edmonton owned and operated business with a top tier track record can reap many rewards beyond the current transaction. When it comes to real estate look for a locally owned one right up to the top echelons this includes the agent, brokerage and company headquarters.  A strong local culture in a business increases use of other local businesses as well for example signage, promotion, accounting, photography, 3D tours, measurements, charities and fuel to name a few. The benefits of supporting local include reduced carbon footprint, job…

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