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33 Bridleridge Rd SOLD!

Property Details

  • MLS Number: C3631067
  • Price: $439,900
  • Bedrooms: 3
  • Baths: 2.1
  • Basement: Full
  • Parking: Double Garage Attached
  • Style: 2 Storey
  • Year Built: 2001
  • Square Footage: 1497
This fully finished 2 story home features a double attached garage, a sunny west back yard, and it is located on a very quiet street in the desirable community of Bridlewood. The main floor offers a nice open concept floor plan with an island in the kitchen, a 2 piece bathroom, and plenty of space for dining. The upper level master bedroom is quite spacious and features a walk in closet and a nice ensuite with a large jetted bath tub and a separate shower. On this level you will find 2 additional bedrooms as well as a second 4 piece bathroom. The lower level is finished with a 4th bedroom, a large living/family room, and a professionally built bar that is sure to impress! The back yard is just fantastic with a massive, well maintained deck, and a storage shed. The west exposure in the back yard makes it such a great place for hanging out and enjoying the sunshine! This is a great family home and would be fantastic for entertaining or large family gatherings! Have a look today!

How To Lose a House in 9 Ways

No matter which way you look at it buying a home is a major investment. For many homebuyers however, it can be an even more expensive process than it needs to be because many fall prey to at least a few of the many common and costly mistakes which trap them into either:

paying too much for the home they want, or
losing their dream home to another buyer, or
(worse) buying the wrong home for their needs.
A systemized approach to the home buying process can help you steer clear of these common traps, allowing you to not only cut costs, but also secure the home that’s best for you.

This important report discusses the nine most common and costly of these home-buyer traps, how to identify them, and what you can do to avoid them.

Bidding Blind

What price should you offer when you bid on a home? Is the seller’s asking price too high, or does it represent a great deal. If you fail to research the market in order to understand what comparable homes are selling for, making your offer would be like bidding blind. Without this knowledge of market value, you could easily bid too much, or fail to make a competitive offer at all on an excellent value.

Buying the Wrong Home

What are you looking for in a home? A simple enough question, but the answer can be quite complex. More than one buyer has been swept up in the emotion and excitement of the buying process only to find themselves the owner of a home that is either too big or too small. Maybe they’re stuck with a longer than desired commute to work, or a dozen more fix-ups than they really want to deal with now that the excitement has died down. Take the time up front to clearly define your wants and needs. Put it in writing and then use it as a yardstick with which to measure every home you look at.

Unclear Title

Make sure very early on in the negotiation that you will own your new home free and clear by having a title search completed. The last thing you want to discover when you’re in the back stretch of a transaction is that there are encumbrances on the property such as tax liens, undisclosed owners, easements, leases or the like.

Inaccurate Survey

As part of your offer to purchase, make sure you request an accurate property survey that clearly marks your boundaries. If the survey is not current, you may find that there are structural changes that are not shown (e.g. additions to the house, a new swimming pool, a neighbour’s new fence that is extending a boundary line, etc.) Be very clear on these issues.

Undisclosed Fix-ups

Don’t expect every seller to own up to every physical detail that will need to be attended to. Both you and the seller are out to maximize your investment. Ensure that you conduct a thorough inspection of the home early in the process. Consider hiring an independent inspector to objectively view the home inside and out, and make the final contract contingent upon this inspector’s report. This inspector should be able to give you a report of any item that needs to be fixed with associated, approximate cost.

Not Getting Mortgage Pre-approval

Pre-approval is fast, easy and free. When you have a pre-approved mortgage, you can shop for your home with a greater sense of freedom and security, knowing that the money will be there when you find the home of your dreams.

Contract Misses

If a seller fails to comply to the letter of the contract by neglecting to attend to some repair issues, or changing the spirit of the agreement in some way, this could delay the final closing and settlement. Prepare a list of agreed issues, walk through them, and check them off one by one.

Hidden Costs

Make sure you identify and uncover all costs – large and small – far enough ahead of time. When a transaction closes, you will sometimes find fees for this or that sneaking through after the “subtotal” – fees such as loan disbursement charges, underwriting fees etc. Understand these in advance by having your lender project total charges for you in writing.

Rushing the Closing

Take your time during this critical part of the process, and insist on seeing all paperwork the day before you sign. Make sure this documentation perfectly reflects your understanding of the transaction, and that nothing has been added or subtracted. Is the interest rate right? Is everything covered? If you rush this process on the day of closing, you may run into a last minute snag that you can’t fix without compromising the terms of the deal, the financing, or even the sale itself.

Fee Traps of a New Home

Whether you’re looking to buy your first home, or trading up to a larger one, there are many costs – on top of the purchase price – that you must figure into your calculation of affordability. These extra fees, such as taxes and other additional costs, could surprise you with an unwanted financial nightmare on closing day if you’re not informed and prepared.

Some of these costs are one-time fixed payments, while others represent an ongoing monthly or yearly commitment. Not all of these costs will apply in every situation, however it’s better to know about them ahead of time so you can budget properly.

Remember that buying a home is a major milestone. Whether it’s your first, second or tenth home, there are many important details to address during the process. The last thing you need is unbudgeted financial obligations cropping up hours before you take possession of your new home.

Read through the following checklist to make sure you’re budgeting properly for your next move.

Appraisal Fee

Your lending institution may request an appraisal of the property, which would be your responsibility to pay for. Appraisals can vary in price from approximately $175 -$300.

Property Taxes

Depending on your down payment, your lending institution may decide to include your property taxes in your monthly mortgage payments. If your property taxes are not added to your monthly payments, your lending institution may require annual proof that your taxes have been paid.

Survey Fee

When the home you purchase is a resale (vs. a new home), your lending institution may ask for an updated property survey. The cost for this survey can vary between $700- $1,000.

Property Insurance

Home insurance covers the replacement value of your home (structure and contents). Your lending institution will request proof that you are insured as it protects their investment on the loan.

Service Charges

Any new utility that services your hook up, such as telephone or cable, may require an installation fee.

Legal Fees

Even the simplest of home purchases should have a lawyer involved to review all paperwork. Shop around, as rates vary greatly depending on the complexity of the issues and the experience of the lawyer.

Mortgage Loan Insurance Fee

Depending upon the equity in your home, some mortgages require mortgage loan insurance. This type of insurance will cost you between 0.5% -3.5% of the total amount of the mortgage. Usually payments are made monthly in addition to your mortgage and tax payment.

Mortgage Brokers Fee

A mortgage broker is entitled to charge you a fee in order to source a lender and organize the financing. However, it pays to shop around because many mortgage brokers will provide their services free to you by having the lending institution absorb the cost.

Moving Costs

The cost for a professional mover can cost you in the range of:

$50-$100/hour for a van and 3 movers, and

10-20% higher during peak demand seasons.

Maintenance Fees

Condos charge monthly fees for common area maintenance such as grounds keeping and carpet cleaning in hallways. Costs will vary depending on the building.

Water Quality and Quality Certification

If the home you purchased is serviced by a well, you should consider having your water checked by your local experts. Depending upon where you live, determines whether or not a fee is charged, to certify the quantity and quality of the water.

Local Improvements

If the town you live in has made local improvements (such as the addition of sewers or sidewalks), this could impact a property’s taxes by thousands of dollars.

Land Transfer Tax

This tax is applied whenever property changes hands and the amount that is applied can vary.

8 Westmount Way – SOLD!

Property Details

  • MLS Number: C3628619
  • Price: $514,900
  • Bedrooms: 5
  • Baths: 3.1
  • Basement: Full,Walkout
  • Parking: Double Garage Attached
  • Style: 2 Storey
  • Year Built: 2010
  • Square Footage: 2170
Large family?! Looking for a turn key home?! There is nearly 3000 sq ft of developed living space in this custom built, 5 bedroom home, with a fully finished walkout. Starting with a large, open foyer, you'll immediately appreciate the natural light in this open concept home. The main floor has the coolest kitchen. Completely customized with modern finishes, a massive island, built in appliances & extended nook! The main floor also boasts a large living room & tucked away den that is perfect for a home based business. Upstairs is your master bedroom with 5 piece ensuite and walk in closet, 3 additional bedrooms (one that is large enough to be converted to a bonus room if desired) and conveniently located laundry room! The walkout basement was developed by the builder and has a bedroom, bathroom, wet bar & huge family room. Included is the theater system with 3D projector, speakers & 100 screen! This home is fenced/landscaped, backs onto green space and is walking distance to new K-9 school & shopping!!

# 301 2212 34 AV SW – SOLD!

Property Details

  • MLS Number: C3627799
  • Price: $425,000
  • Bedrooms: 2
  • Baths: 2
  • Basement: None
  • Parking: Underground,Single Indoor
  • Style: Single Level Apartment
  • Year Built: 1998
  • Square Footage: 1103
Fantastic MARDA LOOP is where you will find this bright, sunny, well designed and very clean 2 bedroom, 2 bathroom condo with underground parking and TWO storage units. 1100 sf, recently painted, top floor, corner unit (one neighbor and you won't be annoyed by overhead noise) includes in-suite laundry, gas fireplace, additional in-suite storage PLUS the well managed building offers a community lounge with kitchen, fireplace, pool table etc. Condo docs are great! Marda Loop offers a charming village atmosphere, trendy shops and the ability to walk to all your everyday services plus quick access to major transportation arteries and downtown.

284067 TWP RD 245A – SOLD!

Property Details

  • MLS Number: C3616639
  • Price: $2,750,000
  • Bedrooms: 6
  • Baths: 3.1
  • Basement: Full
  • Parking: Quad or More Attached,Shop,RV Parking,Over Sized,Insulated
  • Style: Bi-Level
  • Year Built: 1974
  • Square Footage: 2486
This remarkable 23 acre estate offers a large home, numerous large serviced outbuildings, but the most stunning feature is the land. This parcel is breathtaking due to the privacy, the landscaping, and the fact that it is just minutes to Calgary. This property is suitable for operating a home based business due to the seclusion, location, and the numerous serviced structures, it has potential to be developed, or it would be suitable for somebody just looking to live in luxury within a very short commute to work. Some of the highlights are: paved driveways, thousands of mature trees, storm water collection system feeding a 700'x80' dugout suitable for stocking and fishing, an irrigation system covering nearly the entire property, a serviced guest cabin, a large sheltered gazebo with a built in BBQ, a water feature pond with fountains and a bridge, and much more. Serviced outbuildings include: 2720' shop with 700' office, 1500' barn, 3200' Quonset. Please do not enter the property without an appointment.

7 Little-known Facts That Can Help You Purchase Your First Home

Purchasing your first home can be challenging. Your monthly cash flow may easily cover the proposed mortgage costs, but perhaps accumulating the down payment is what you find difficult. Or maybe you have financial reserves, but cash flow is what’s holding you back. Whatever the reasons, purchasing a new property can still be accomplished, regardless of your financial standing. Consider the following facts:

The down payment on your property doesn’t have to be as large as you think

Several programs exist to help first-time buyers enter the property market. These programs require that you have never purchased a home before, and that you meet basic qualification standards. It is important that you consult a professional Real Estate agent who is familiar with these programs, so that you may make best use of them.

In some areas it is also possible to assume a mortgage. If this is an option in your area, your Real Estate agent will be able to perform search on listings requiring small to no down payments.

Your lender may help you with your down payment and closing costs

Depending on your financial standing, you may have assets worth equal to or more than your needed down payment. If this is the case, your financial institution may be willing to lend you the extra cash needed for your down payment, while securing it against your assets.

The seller may assist you in purchasing your home

Some sellers may be willing to lend you money to purchase the home. This is known as a ‘seller take-back’ and is essentially a loan from the seller to the buyer. Instead of your monthly mortgage payments going to a financial institution, they would go directly to the seller. This loan works in exactly the same way as any other, and is subject to the rules and regulations outlined upon instantiation.

You may be able to borrow without going into debt

Options exist for you to borrow for certain investments to a specified level, and using those investments to leverage a significant tax return. This process can be further coupled with a first-time homebuyer’s plan, and turned into significant equity.

You can also borrow against savings in an RRSP, and if repaid in a certain time period, avoid any interest payments.

While purchasing, consider becoming a landlord yourself

If you’re interested in subsidizing your mortgage payments with some supplemental income, why not consider becoming a landlord yourself? Houses and condos with extra bedrooms and living facilities are often not much more expensive than those without. If you have been pre-approved for a mortgage that allows you to purchase a larger property, why not consider renting out the extra space and having a tenant pay your mortgage?

You may be able to secure a loan even with a lower credit rating

Oftentimes it is possible to secure a loan, even with a poor credit rating. If you have enough equity to borrow against, your financial institution may consider lending you money to purchase a home.

It is also possible to use a ‘seller take-back’ loan for the purchase, using the seller as the lender.

Secure a mortgage before you begin your searching

Before you begin looking for a property, you should get pre-approved for a mortgage. It is important to make sure that you know your budget, as well as your monthly payments to make sure that they are within your means. Enlisting the help of a professional mortgage specialist is a good idea when it comes to locating a loan that meets your needs. Oftentimes a professional will be able to locate more competitive mortgage rates than those offered by a single financial institution. There is usually no obligation, and the benefits of knowing your buying power while shopping for your home reduce stress and wasted time.

Where to go from here?

This report is designed to illustrate that you have options other than paying large monthly payments to your landlord. It is clear that with a little creativity and help from a Real Estate professional, you can make the break from renting to owning.

Make sure to consider your options – this report is not designed to make you feel obligated to purchase a home. If you’re interested in more information, please contact your Real Estate agent.

11400 84 Street SE – SOLD!

Property Details

  • MLS Number: C3626776
  • Price: $375,000
  • Bedrooms: 3
  • Baths: 1
  • Basement: Part
  • Parking: Single Garage Detached
  • Style: 1 and Half Storey
  • Year Built: 1947
  • Square Footage: 1721
This fabulous 1947 renovated 1 & half storey house in Shepard has a ton of character! With well over 1700 sf AG, this wonderfully naturally lit house offers a spacious main floor with a formal dining room, large kitchen, living room with beautiful wood burning fireplace, den/flex room and full bath. Upstairs you will find 3 bedrooms and another reno'd bathroom. Vinyl siding and roof were replaced in 2010 and 2009 respectively, new deck, mostly new windows and skylight, new septic system with constructive wet land. The onsite drilled water well is in working condition although the current owner has City of Calgary water trucked in. A detached single car garage and fully fenced and landscaped yard complete the property. The City of Calgary annexed Shepard in 2007. This property is perfect for your family's living needs or a home based business. Book a showing as soon as you can!!

Tips for Saving Money While Buying a Home

Going into the home-buying process with some basic knowledge in the area can make all the difference. The following are some simple, but often overlooked, points that every homebuyer should take into account.

Be sure about what you want

This seems like a simple point, but many people make the mistake of confusing what they need with what they desire. Obviously the goal of shopping around is to find a property that fulfills both, but it’s important to know that in the real world this situation doesn’t always occur.

People commonly let emotion and desire play a big role in their decision-making processes. When you’re looking at home you’ll find that you’re drawn to certain properties for completely different reasons; some based on needs, and other based on desires. Is it better to buy the house with the basement suite for rental possibilities, or the one with more bedrooms to better accommodate a growing family?

It’s vital that you satisfy your needs first, and your desires second. Oftentimes writing down both can aid in the home-buying process.

Shopping with powerful help

You should make sure that your agent offers a buyer profile system to get you all MLS listings that meet your exact requirements. Using one of these systems can greatly increase your chances of finding that perfect home as you will be made aware of all existing and new listings that meet your requirements.

Understand how sellers set their asking price

Sellers price their homes in several different categories and it’s important to consult your agent about the price of a property.

From basement suites to full houses, renting is a huge business in this country. If you currently rent, you know that paying out those hundreds of dollars every month to line the pockets of your landlord is not a pleasant task. However, like most renters you probably feel stuck in a home that isn’t even yours simply because you can’t save up that down payment for your own home.

By knowing some valuable information about the Real Estate industry, as well as some tips and tricks about property ownership, you’ll be able to start on the road from renting to owning.

507 Prairie Sound Circle NW – SOLD!

Property Details

  • MLS Number: C3615157
  • Price: $219,700
  • Bedrooms: 3
  • Baths: 2.1
  • Basement: Full
  • Parking: Single Garage Attached,Front Drive Access,Parking Pad Cement or Paved
  • Style: 2 Storey
  • Year Built: 2006
  • Square Footage: 1346
This is a rare, fully finished, 3 bedroom, 2 1/2 bathroom immaculate condo backing onto green space. The main floor offers beautiful hardwood floors, a massive living room, a huge dining area, and a bright spacious kitchen with a breakfast nook. The deck off of the kitchen is perfect for BBQing in the sunshine! The kitchen appliances are brand new and worth nearly $6000 not to mention the new furnace and hot water tank. The upper level has 3 good sized bedrooms including a master with a 4 piece ensuite and upper level laundry. The fully finished lower level is beautifully done and is currently used as a home office. On this lower level you will find the finished, over sized, single, attached garage that also offers plenty of storage space. Please call or email to book a private viewing at your convenience.