Knowing when to purchase a rental property can be difficult, but choosing when to sell it can be just as challenging if not more so. There are many different reasons why Alberta landlords might choose to put a rental property back on the residential real estate market. Here are just a few of the factors that may make it worth selling a rental property.
Many people are know that they need extra space and friendly neighbourhoods when buying a home for a family with children. But what should Alberta homebuyers with pets consider when purchasing a place to live? Here are a few questions residential real estate buyers should ask when seeking a space for themselves and their furry friends.
Prospective homebuyers and sellers can often benefit from paying attention to trends in their local markets. Recently, research was released showing the least and more affordable residential real estate markets in Alberta. The figures were calculated using the price-to-income ratio in each major market in the province.
When it comes to buying a house, it's almost impossible to be too careful. It's far better for residential real estate buyers in Alberta to ask too many questions than it is for them to not ask enough. Here are a few things buyers should look into before signing off on a new home.
As people grow older, they face critical decisions regarding their homes. Should they downsize to fund their retirement, or stay in their long time home? Trends in the Alberta residential real estate market along with personal preference are impacting the decisions baby boomers are making with regard to their homes.
Purchasing a first home can be overwhelming for many people. Even though Alberta real estate markets are not as competitive as other parts of Canada, hidden costs and uncomfortable surprises can greet those who do not carefully research the process. Here are a few things all first-time home buyers should consider doing in order to land the right residential real estate.
The real estate market and even the process of buying a home changes year to year. From laws governing the purchase of residential real estate to housing costs to mortgages and interest rates, there are many things Alberta homebuyers should consider when buying a house in 2018. Here are a few of the top things current buyers should think about when it comes to residential real estate.
With so many online tools available today, an increasing number buyers and sellers are entering the private real estate market. Purchasing or selling residential real estate without needing to pay commissions to an agent or brokerage is an enticing prospect for many. While it can save people money, doing thorough research and protecting one's own interests is critical when undergoing a private real estate transaction in Alberta.
Many parents today are gifting money to their children to help with their first down payment. While this can be incredibly helpful for some young people looking to purchase residential real estate in Alberta, others who are not ready for home ownership might find this "gift" to be a burden. If a young person ends up with a home that he or she cannot comfortably afford to pay off, other financial priorities could suffer due to the mountain of mortgage debt.
Before buying a home, it is important that potential buyers think carefully about their financial situation. Alberta home buyers should consider their job security, savings and comfort within a budget before deciding to jump into the residential real estate market. Those who do have this financial security may find that purchasing a home is their best option with increasing rent costs.