August 30, 2013
5 similarities between real estate and investing
Here's an article I found to be so interesting from the Financial Post. It compares real estate to investing in the stock market.
Here are some tips he offered based on both his recent real estate transaction and his stock market background:
1. It is very important to do your own research. Basically do not base all your facts on published articles. They are generalized for the market as a whole and not specifically focused on your location and the type of property you are trying to sell. Ask your realtor for help and conduct your own search for comparable properties.
2. Understand the bid and the ask. Comparing it to trading an illiquid stock, know the real value of the property you are buying or selling
3. Don’t try to time the market. Don't sit on the fence too long when trading stocks or real estate. You might miss the opportunity for a great investment.
4. Know the difference between momentum and value. Understand the long term value of the property you are buying or selling.
5. There is value in getting professional help. Look for professional hope when it comes to understanding all the challenges of dealing in the stock market or real estate. Interview several professionals and make sure you are comfortable with the one you hire. He or she should take the time to answer all of your questions.
Read Martin Pelletier's full article at http://business.financialpost.com/2013/09/09/5-similarities-between-real-estate-and-investing/
August 29, 2013
I have sold a property at 60 GLENEAGLE PL SW in CALGARY
I have sold a property at 60 GLENEAGLE PL SW in CALGARY.
Seller is motivated ! Bring an offer. 30 day possession. Completely renovated 2 bedrooms plus a loft that can be converted into a third bedroom ! This home has been completely redone. Everything from the kitchen, to living room, bathrooms, and flooring. A great starter home for a small family, or couple there is no doubt that this is the perfect property that is close to schools, shopping, and easy and quick access to the mountains and downtown. The open kitchen has a large eating area, new island, all appliances updated. All of the bathrooms have new vanities, new toilet, and bathtub, and tile. The flooring throughout the house is new laminate and tile. The neighbourhood is mature with large trees, and great neighbours ! Located in a quiet culdesac this home will be comfortable and comforting. All window coverings are included, and there is even new doors, trim, and bifold closet doors. The wainscotting at the front and back entrance give the home character and modernism. This home can be yours today !
August 27, 2013
Richest People In Alberta 2012
There really is no shortage of wealth in Canada and, by extension, Alberta.
The Great White North was ranked seventh in the world in an international list released in May of the countries with the most millionaires.
Not surprisingly, as the fledgeling economic engine of the country, Alberta has its share of wealth makers as well.
According to 2012 figures and rankings from Canadian Business magazine, Forbes, MSN Money, Wikipedia and WealthInsight, there are reportedly seven billionaires — with a 'b' — living in Wild Rose Country, and countless others who count their wealth in the hundreds of millions.
Though most of them have at least one finger in the oil and gas industry — that which blesses Alberta with its present fortunes — there are also those who have made their wealth in real estate, coffee, pharmacies, broadcasting, utilities.
What many of them do have in common is sports.
Oil and gas tycoon Clay Riddell, as well as energy giant Murray Edwards both own stakes in the Calgary Flames.
One of the wealthiest men in the province is also one of the most polarizing. Daryl Katz, of Rexall fortunes, is getting massive help from taxpayers to build a new arena for his Edmonton Oilers.
Ron Southern, patriarch of the ATCO group, is also the man behind Spruce Meadows, often cited as one of the top showjumping venues in the world.
With a reported worth estimated at $0.67 billion, Allan Markin barely makes the list of wealthiest Albertans. But he too is part owner of the Calgary Flames.
Of note is the fact most of those who made the list are self-made men, formerly plugging away as regular Joes, and eventually turning their efforts into millions. A good example is Ron Joyce, a former cop who ended up turning that ever-popular police pastime of doughnuts and coffee into a cash fountain, a most Canadian of Canadian icons known as Tim Hortons.
Others, well, they don't even get paid for their efforts.
Of Boardwalk REIT wealth and fame, Canadian Business said "Sam Kolias is a compensation committee's dream. He draws no salary, bonus or unit-based compensation. Yet since becoming chair and CEO in 1984 he has grown Boardwalk's market cap from $200,000 to more than $2 billion, and the value of his stake accordingly."
It's also worth noting that none of the top 11 wealthiest residents in Alberta are women. Equality, it seems, still has too high a price.
Click through the gallery below for the wealthiest people in Alberta.
August 12, 2013
Crossing over to affordability
Availability in more affordable price bands drove stronger sales growth in Calgary’s resale condominium market in July, says the president of the Calgary Real Estate Board.
“Clients looking for affordable homes are considering community, product and price,” says Becky Walters in a news release. “While there are affordable single-family homes in some communities, some may prefer condominiums in the same price range so they can live in a preferred community or get a home that requires less renovation.”
Walters points to the fact that year-to-date, there have been more new listings priced under $400,000 in the condominium sector than in the single-family market.
In July, a total of 693 condominium apartments and townhouses sold in Calgary, a combined increase of 26 per cent over the previous year, and a year-to-date growth of 16 per cent.
The growing demand for resale condos and townhouses led to a tightening of supply in July.
That month’s active listings in the multi-family (apartment- and townhome-style condos) segment declined to 768 and 407 units, respectively. In July, the 398 condo sales were up 27.9 per cent year-over-year from 311 sales.
With this type of housing in a sellers’ market, sellers earned on average 97.3 per cent of their list price, up 0.56 per cent over last year. The average price in July for condos was $302,058, up 5.5 per cent from $286,231 during the same time last year.
In the townhouse segment, total sales were up 23.4 per cent this July, to 295 deals from 239 a year ago. The average price rose 7.9 per cent to $327,570 in July, compared to $303,380 last year, keeping the market firmly in sellers’ territory.
The Calgary community with the most condo sales (including apartment-style and townhouse) in July was Connaught, in the city’s southwest, with 50 sales averaging $358,862. The second highest seller was McKenzie Towne in the southeast, with 29 sales averaging $266,377. Country Hill Village, in the northeast, was third, with 20 sales averaging $276,625.
DID YOU KNOW?
In July, 693 resale condo apartments and townhouses in Calgary changed hands, Calgary Real Estate Board data show. Of these, Zone C, roughly the city’s southwest, saw the most transactions with 329 sales averaging $349,920. Zone A, roughly the northwest, had 218 sales averaging $301,663. Zone D in the southeast, had 99 sales averaging $270,871. And Zone B in the northeast had the fewest transactions, with 47 sales averaging $194,675.
August 6, 2013
Stage your Home for a Successful Sale
In today's competitive market, a home that shows well is the difference between a few weeks on the market and six months.
It is not enough anymore to just put on a quick coat of paint and a good cleaning. There are other elements that buyers are looking for. These days, it could either be a warm feeling they get, or the look of space or comfort. Whatever it is, you need to inspire the buyer's imagination so they can picture themselves living there.
The three key rooms that you should focus on when staging to sale are the kitchen, master bedroom and family room.These three rooms have the highest expectations so they should have priority over the rest of the rooms.
The first top on the tour should have the most impact, whether it is the kitchen or the family room. Visitors should say "WOW!!!" as soon as they enter the house. This is your opportunity to capture their attention and curiousity to tour more of the house.
Here are some tips:
• Add a fireplace – this one element creates an inviting focal point with wow power. If you don't have an existing fireplace, electric is the way to go –and this change can be yours in a flash. Innovative companies like Dimplex, for example, offer a number of designer options for every décor style. The plug-and-play designs make installation a breeze.
• Paint – You've heard it before, a fresh coat of paint will give your rooms a clean, inviting look. White or neutral is a safe bet, but consider creating an accent wall surrounding your fireplace for real impact.
• Remnant rug – A new rug can warm up the room, and it doesn't have to cost a fortune. Check out carpet showrooms, as you will usually find remnants of carpet that have been bound. A neutral rug will help to ground the space.
• Accessories – Clean and modest is key. Simple groupings of pillows, candles and frames, and a throw will make the space appear polished, but lived in. Personal photos and half burnt candles are a no-no.
• Flowers – People love seeing live plants and flowers in the family room. It gives a sense of life and good energy.
August 2, 2013
Secure your home with a sense of style
Nothing is more delightful than finding something beautiful to do a functional job. The all-important locks on exterior doors are a prime example because finding just the right decorative door hardware is also going to keep you safe.
The first step before shopping is to plan out the entire task. Are you building a new home, moving to another house, or remodeling to improve the curb appeal – and the value? Outside and inside, this is the time to decide the most appealing combination of deadbolts, handlesets, knobs and levers.
Next step: tap the guidance of a good online resource. To readily find the style, colour, finish, security features – and even how they will look in various rooms – go to the Design Centre tab on the website of Schlage, a leading brand in this field. If Upgrading Your Home Security is the top priority, for example, here's a snapshot on how to do that:
Deadbolts = Maximum Defense
Install deadbolts on every entry door to the house. Choose models with the biggest, strongest bolt available, like those in the B60 series. Certified by ANSI, these deadbolts meet the Grade 1 performance standard which includes an increased latch bolt size for maximum kick-in resistance, as well as an anti-pick shield to protect the internal components from tampering. All models are sleek with contoured edges for added style – and for added beauty, homeowners can select from up to nine, attractive finishes.
Add the latest ultra-modern feature. With the fully loaded Touchscreen Deadbolt simply entering a code locks and unlocks letting you dispense with keys altogether. Other features include an anti-pick shield, an auto-lock option, a built-in alarm, warning alerts for low batteries – and you can also add capability for video surveillance, lights, heating, cooling and more. Beauty is served up in two distinct designs (Camelot and Century) both crafted to give a choice in colour and finish.
Now you can get the premium deadbolt with an audible alert. Take a look at the first-of-its-kind design called the Keyed Entry Lock With Built-In Alarm. Once programmed, you will instantly hear when someone goes in or out, tampers with your lock, or tries to force their way in. This ground-breaking innovation – in several eye-catching designs and finishes – is completely customizable from low to maximum security, at various sensitivity levels – and the alarm is right inside the lock offering a budget alternative to monthly security fees.
Be Smart Remotely
Use wireless technology to monitor your home security away from the premises. This is done by connecting your premium deadbolt to an Internet-based, monthly subscription service called Nexia Home Intelligence. From a mobile device, you will be able to see your property, lock and unlock doors, pre-schedule the monitoring for specific times every day, and receive text alerts when the alarm is triggered.
Additional information is available at consumer.schlage.com.
Categories: 2014 Decor Trends, Interior Decorating Ideas
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