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Divorce: Your Mortgage and Home

Thu, 11 May by Bryon Howard

Creating the Right Strategy for a Quick Sale

Sun, 05 Apr by Bryon Howard

Creating the Right Strategy for a Quick Sale

What do buyers really want? Achieving a quick and stress-free sale requires a unique strategy for each home. The Calgary real estate market is in a much different place than it was last spring, but that doesn’t mean you should put your real estate goals on hold. These four smart tips will help your property stand out and appeal to the right kind of buyers:

Know how your property compares to the competition. It’s important to understand what buyers are looking for. Check out some of the listings nearby, and work with your Realtor for an honest evaluation on how your home stacks up. Does your home have certain features such as a larger yard or updated finishes that others might be lacking? Be sure to showcase the details that make your property stand out from the rest.

Take the time to make a great impression. Getting your home prepared for the market is hard work, but it will be well worth the effort. Whether it’s a professional staging or deep cleaning, give your place the TLC it needs to look its best. Don’t be afraid to ask for help. There are a lot of competent people just a phone call away.

Price it right. Price is the number one driving factor for a quick sale. Particularly in a challenging market, it’s important to fine-tune your strategy. Buyers are highly educated, so they won’t be willing to pay more than the market value in today’s economy. Take a look at recent sales in the area, and determine an asking price that will motivate buyers to check out your listing as soon as it hits the market.

Anticipate deal breakers before they happen. Ordering a home inspection ahead of time is a great way to avoid potential problems during the sale process. This will give you the opportunity to fix any problems with the home or detect some of the bigger issues that might scare buyers away. Some buyers try to use the details of a home inspection as a bargaining tool, which is why the home should be presented with no surprises. This will help you finalize the negotiations on the spot.

 

Are  you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-589-0004 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

What is a payout penalty?

Tue, 08 Jul by Bryon Howard

This video defines what a payout penalty is and the benefit it has for banks and lenders. The different types of payout penalties are covered and explained to ensure someone seeking a to pay off their mortgage early is aware of potential penalties and how much those will cost them.

Warming Up for the Summer Market

Tue, 03 Jun by Bryon Howard
Peace Bridge Courtesy of Jeff Whyte Photography

Peace Bridge
Courtesy of Jeff Whyte Photography

There is no doubt that 2014 has unfolded so far as a seller’s market. Inventory is low and homes are selling incredibly fast. The value of real estate continues to increase in major cities across Canada, and Calgary is certainly keeping up with the pack. People who are looking for homes need to be prepared to act quickly. With the reduced inventory of properties to choose from, it’s important to come forward with a serious offer if you find the home that meets your needs and your budget.

If the last few months have been any indication, it appears that inventory is slowly on the rise. Although it will take some time before we transition back into a buyer’s market, having more to choose from is always a welcome scenario when you are looking for your next home.

Thinking of buying this summer? Mortgage rates are sitting at record lows for yet another season. This makes a tremendous difference in terms of affordability and saves you thousands of dollars over the course of your mortgage. If you are thinking of buying in the next few months, it’s a good idea to speak to your mortgage broker and request a rate hold so you are ready to make a move when the right property comes on the market. Keep in mind, a rate hold doesn’t require any obligation on your part, but it does give you the ability to determine your monthly payments more accurately. Particularly if you are a first time buyer, choosing a home that fits into a monthly budget that you are comfortable with is important to meet your short and long term objectives.

Whether you are planning on buying a home in Calgary, looking for your first investment property or thinking of building the home of your dreams, you can make a decision with confidence. Calgary continues to a desirable and profitable place to invest. This city has established itself on a strong foundation and the future is looking bright. So many people move to Calgary because they are looking for new opportunities. Your next real estate opportunity could be just around the corner.

Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-589-0004 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

Setting up an RRSP mortgage on Real Estate – Using Olympia Trus

Wed, 03 Feb by Bryon Howard

Are you earning less than 7% on your RRSP …. or RESP, RRIF, LIF, LRIF, and LIRA?

Did you know you can be just like the bank – and get a higher rate?

You lend an investor, your money at a set rate of return. Your money is secured on safe, secure well selected Real Estate.

Most investors pay between 7 and 15% return on your money – depending on the loan to value.

Most normally pay a nominally 3.5% per year into your self directed RRSP account, and then pay a balloon payment at the end of the term.

It’s super easy to set up.  You just have to sign the forms. All the forms can be found at http://olympiatrust.com/plans/index.php.  Normally the borrower will meet with you with the completed forms (or fax or email). It will take you 15 minutes to review the forms,  sign, and then … start earning 7-10% on your RRSPs!

Here’s the Process:

  1. Investor/Borrower has Client (you) Register for an Olympia Trust Account, using the PDF form – Registered Plan Application.
  2. Investor has Client Direct Olympia to Transfer funds from existing RRSP service provider using the PDF form – Transfer Authorization.
  3. Investor/Borrower  draws up the mortgage loan details with selected property using the PDF form – Mortgage Direction Undertaking.
  4. Investor/Borrower  completes the Solicitor’s Certificate of Disclosure & Undertaking regarding Arms-length mortgages as investments in self-directed Registered Plans, using the PDF form Solicitors Certificate.

With the forms complete:

  1. Investor/Borrower gets the first two forms to  account representative at Olympia Trust. There are currently three account representatives in Calgary.
  2. Investor/Borrower gets the second two forms to chosen lawyer. 

Investor/Borrower work is done. Olympia Trust gets to work … and lawyer gets to work.

Investor/Borrower follows up with lawyer and Olympia Trust to ensure everything is okay.  If things go smoothly, investor/borrower can expect the cheque within 3 weeks of the client, signing the forms.

RRSP
RRSP
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board. 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.