Buying and Selling Tips

March 22, 2023

Understanding Easements on Land: Egress, Ingress, Servient, and Dominant Tenants Explained


Easement

An easement is a legal right that allows someone to use another person's property for a specific purpose, without owning the property. It gives the holder of the easement the right to use the land in a particular way, while the owner of the land retains ownership and ...

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March 20, 2023

Unlocking the Value of Secondary Suites in Calgary: A Comprehensive Guide

Are secondary suites valuable to a homeowner?

Secondary suites can be valuable to homeowners in the city of Calgary for several reasons: Rental income: By renting out a secondary suite, homeowners can generate additional income to help with mortgage payments or other expenses. Increased property value: Adding a secondary suite ...

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Feb. 24, 2023

Pre-Approval vs Pre-Qualifying For a Mortgage

Pre-qualification and pre-approval are two different steps in the mortgage application process.

pre approval vs pre qualify

Pre-qualification is the initial step in the process, in which a lender will ask you for basic information about your income, debt, and assets. Based on this information, the lender will give you an estimate of how much ...

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Feb. 20, 2023

Ending a tenancy for the sale of a residential home

Ending a rental agreement

All the infomation published in this blog is from the Alberta Governments site https://www.alberta.ca/ending-rental-agreement.aspx

Overview

Tenants and landlords may terminate a rental agreement for a variety of reasons, such as:

the agreement was breached the tenant found another place to live the landlord wants to ...

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Feb. 20, 2023

What is a Guaranteed Sale Program?

GuaranteedThe details of a guaranteed sale program can vary depending on the agent and the brokerage they work for, but they generally involve the agent offering a predetermined price for the home if it does not sell within a specified timeframe. The agent may also offer other incentives, such as ...

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Feb. 20, 2023

Attached vs. Unattached Goods: What You Need to Know

 

Attached goods refer to items that are physically attached to the property and cannot be removed without causing damage, such as pipes, screws, bolts, or nails. These goods remain with the property unless there is a specific exclusion in the listing agreement or in the buyer's offer to ...

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Feb. 19, 2023

What conditions are the most common on my purchase contract?

PendingThe specific conditions included in a purchase contract can vary depending on the parties involved and the specific property being purchased. However, there are several common conditions that are often included in purchase contracts in Alberta. Here are a few examples:

Financing condition: This condition allows the buyer to back ...

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Feb. 19, 2023

What does the lawyer do to help with my sale or purchase?

LawyersA real estate lawyer plays a crucial role in a property sale or purchase transaction in Alberta. Here are some of the ways that a lawyer can help:

Reviewing and preparing legal documents: A lawyer can review all legal documents related to the transaction, including the purchase agreement, title transfer ...

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Feb. 19, 2023

What is Title Insurance?

Title InsuranceTitle insurance is a type of insurance policy that protects homeowners and lenders against certain types of financial loss related to the title of a property. In Alberta, title insurance is commonly used in real estate transactions as a way to protect buyers and lenders from potential risks associated with ...

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Feb. 19, 2023

What Documents Should My Realtor Show Me Prior to Buying?

Important DocumentsIf you are buying a property with the assistance of a realtor, they should provide you with various documents to help you make an informed decision about the purchase. Here are some of the key documents your realtor should show you:

Consumer Relationships Guide: This document is a regulatory requirement ...

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