Buying a Home in Calgary

So as some of you may already know, we’ve decided we would make the big move to Alberta and in particular, the Calgary area. This past weekend Ally and I flew out to Calgary to do a little hunting around a homes for sale.

Our requirement were the following:

  • square feet above 2000sq/ft
  • min 2 bathrooms
  • 3+ bedrooms
  • acreage
  • garage

Once we landed we immediately got our rental car and headed to our AirBnB which was located in a sub-division of Calgary called Ramsay. Honestly the area is VERY NICE and it is set upon the backdrop of the Saddledome, Calgary’s professional hockey arena and home to the Calgary Flames.

We weren’t set to head out with the realtor until the following day so we took the opportunity to look around at some of the homes for sale in Ramsay.

Longview Alberta (OUR NEW HOME)

Unfortunately, although the area was incredible it was too “urban” for our liking and finding anything with land around here wouldn’t happen or if so it would be far beyond our budget. Nice drive/day though!

The following morning we awoke in our AirBnB rested and ready to head out house hunting with our chosen realtor Dusko Sremac – you can check out his site here https://www.repyyc.com/agent/dusko-sremac/

We had previously asked Dusko to have ready some acreages for sale near Calgary and he did not disappoint. He showed us five homes with land all within our outlined budget.

The day was a busy one. We must have seen the better part of the entire city, and surrounding outlining communities. However it proved very constructive and here’s why…

First off we came to Calgary thinking we’d only be kicking tires. To get a feel for where we’d want to live. But we never intended on pulling the trigger and purchasing anything. It didn’t turn out that way.

The first area we went to called Evanston. Situated NW of Calgary, Evanston is right next to downtown and has quick and easy access to Nose Hill Park, a beautiful park in the area. The issue with Evanston for us though was clear immediately…not much in the way of land. And we wanted land!

So even though some of the homes for sale in Evanston were amazing, it just wasn’t our cup of tea.

Next community we ventured in to was New Brighton. Situated literally on the other side of town from Evanston, New Brighton is SW of Calgary. Again however even though there are many amenities in and around New Brighton like hockey rink, water park, community centre and many other outdoor readily available activities, we couldn’t find any homes for sale in New Brighton that suited our needs.

Our final trip took us first through a community called Inglewood which was interesting. As Calgary’s oldest community, Inglewood checked off more boxes than the previous areas we visited. Here we found a quaint small town feel with ample amenities and quick and easy access, without the hustle and bustle, to Calgary metro centre.

Sadly though there were no homes for sale in Inglewood that fit the bill for us albeit we did thoroughly like the area and everything it had to offer.

Then we hit our final destination of Longview – about 60kms south of Calgary. Yes it was a further commute than we anticipated however we couldn’t ignore the fact that we’d found everything we were looking for in a home and with acreage.

Ultimately we bought our home, got everything we wanted, and did so all within our real estate budget.

The Reasons Why Realtors LOVE International Buyers and Sellers

As real estate evolves more all over the world along with the increased transparency and potential of the constantly evolving world wide web, real estate agents have immense possibilities to obtain profitable international, long-distance business to which they didn’t until now have access to.

The business of selling foreign real estate is increasing, mostly as a result of the connectivity of the world and the Web.

Foreign buyers acquired $153 billion of U.S. domestic real estate in the 12 months thru July 2017, a rise of virtually 50 percent from the previous twelve months and in excess of 10 percent of the market industry by sales volume! Considering that the National Association of Realtors (NAR) is reporting these numbers then certainly you must agree with the fact that the international buyer is deserving of consideration when selling real estate.

A really appealing factor to sourcing one’s own international real estate clientele is how profitable it could be for the agent. A significant portion of international buyers and sellers are wealthy global elites searching for promising opportunities and grand vacation residences.

However introducing the foreign trader to your menu definitely won’t be as easy as acquiring them can be complicated.

Touching this part of the industry however will involve alleviating various challenges such as language and currency to name a few. Customarily though lots of international investors are not likely to invest in a country without at least some sort of research and having methods in place to try to avoid any “lost in translation” problems.

international real estate

Image is courtesy of Costa Rica Real Estate

For instance, China — a nation with a much differing customs, language and residential property etiquette then the USA — dominated the USA foreign market with $75.6 billion in activity in 2017, approximately half of all U.S. property sold to international buyers that year.

Right about now you’re probably wondering how to tap this exceptionally profitable segment of the real estate market.

CPROP’s end to end electronic transaction management suite is designed to present real estate agents to international prospects and help them to securely and transparently close deals.

The company makes use of blockchain to authenticate and report actions related to deeds and closing paperwork. Additionally it intends to build a formidable, user created specialized network by supplying its utility tokens to buyers and sellers who leave scores and recommendations of the real estate agents, brokers and professionals they choose on the system.

Technology is certainly critical for virtually any purchase from beginning to end. Listed here are a few ways real estate professionals can break into this lucrative and expanding component of the industry.

Sign Up For A Crystal Clear International Platform

Hedging in on the international real estate sector is not really straight forward for realtors who’ve not ventured here previously. Realtors aiming to obtain high-dollar international investor attention and confidence will want to look for platforms with an international audience and deliver a smooth association to buyers in a user friendly, efficient and authentic environment.

Keep in mind also that given your platform also provides automatic translations, this may also be a big advantage.

“We’ve relied heavily on our inhouse platform for process international deals and the one element we appreciate the most about it is infact the built-in translator from Spanish to English and vice-versa.” states reknown international realtor Don Albert of Galvan Real Estate Services.

“We appreciate all our SaaS solution offers especially in the case of our Puerto Vallarta real estate rentals division.” added Don.

international realtyThink Trust And Security

A long distance deal, especially amongst individuals in different countries, are generally a course for miscommunication plus, to some degree, fraud.

That is why agents wanting to build their international deal-flow need a platform to facilitate these deals with security and confidence mechanisms inclusive to the platform.

Blockchain has been shown to be by far the most safe way to electronically make deals. Blockchain technological advances enables safeguards at ranges never recognized before now. Real estate deals when written utilizing this technology, are forged permanently in the encrypted shield and protecting against any changes to the contract from going unnoticed.

Probably one of the greatest factors to using block-chain innovation is for deposits and money kept in escrow.

Locate Trusted, Efficient Alliance

Securing sales with national buyers is difficult enough, however when investors are from outside the country, brokers have to take much greater caution to provide a unwrinkled transaction.

Allow me to ask you one thing: at any particular time do you know, in real-time, the state of any one of your leads in your pipe?

Consider this though, as a realtor doing business in foreign transactions, wouldn’t it be beneficial to have a SaaS program that managed all the digital areas from start to finish for any kind of international real estate contract? Let’s face it, any real estate agent doing work with international investors and vendors could perhaps take advantage of an extensive SaaS software that not only makes easier communications but also ensures security for all sides.

A Handful of Helpful Tips to Success in International Real Estate

Just a few years ago, real estate brokers didn’t have the knowledge and resources the Internet now provides to them, to get through to international real estate investors.

Which is the case within any business, when opportunity presents itself like it has in international real estate, it cannot go disregarded.

foreign buyers of real estateConsidering the data files from 2017 we know that foreign real estate traders accounted for around $153 billion of the entire sales in the USA which subsequently was an upturn of the former year of a massive 50%. Similarly this represents 10 percent among all national real estate deals in the United States. All these statistics are sourced from the National Association of Realtors and should be considered a very good indication of what the future holds for real estate deals to foreign investors.

A really attractive factor to finding your own international real estate clients is how lucrative it can also be for the agent. And then there is the stats revealing that of all foreign clientele, the lion’s share of them are affluent individuals interested to increase their riches in foreign real estate marketplaces.

Still adding the international investor to your menu won’t be as straight forward as finding them can be difficult.

Getting in front of promising international buyer leads is tricky that can also involve added complications including language barriers that stateside buys just don’t face.

Among all countries actively taking part in the United States real estate segment, China unmistakably dominates and is responsible for over half the entire international sales volume in the US alone. Everything despite the many variations in culture, language and investing protocols.

With such a profitable marketplace in existence, how do you get yourself in on it?

CPROP’s end-to-end electronic transaction administration suite is made to present real estate agents to international prospects and enable them to safely and transparently close deals.

Technology is certainly vital for any deal from start to finish. Let’s lay out a couple methods any brokers could hedge in to this market segment.

Be part of a transparent international base

Breaking in on the international real estate market is not simple for real estate brokers that have not ventured here before.

Mike Wilson, a condominium realtor in Kelowna, Canada, had this to say…

International real estate investors are by far our most common client for higher end condos in Kelowna!

You should not go getting all dollars signs in your eyes as opposed to thoroughly researching where on the net these groups might exist. Once you have located them you will definitely have to hedge inwards and earn trust within the international real estate trader community.

If the platform boasts a service provider directory with unfiltered consumer ratings and ratings and even automated translations, better yet.

Think confidence and safety

Remember the film Lost in Translation? Well like with international real estate transactions this is certainly the case whereas the two parties involved speak different languages.

Robert is a renown San Pancho, MX realtor who’s no noob to this sector, After a few international deals went badly for them, the agency [Galvan Real Estate Services], they quickly realized safety and security needed precedence over all else when dealing in international real estate.

Two remarkably significant things to start thinking about when doing business in international real estate are security and trust. It’s essential to cover yourself and your client while retaining the trust of the other party.

Technology progresses at an awesome speed and today blockchain technology has joined the mix and everlastingly changed the way that real estate professionals do business over the internet. Anytime a contract is finished and executed, it will be recorded to the blockchain, producing an immutable delivered leger confirmed by a system of perhaps thousands of computers, thus effectively combating any unknown changes to a contract.

“Technology has really helped us avoid sour international transactions here in Costa Rica and we’ve seen a rising number of closings involving digital currency here.” says Costa Rica lawyer Gonzalo Gutierrez.

Perhaps among the finest aspects to using blockchain technology is for down payments and payments held in escrow.

Look for trustworthy, effective alliance

One thing is closing deals within the country however it’s always a totally different thing when finalizing international deals and these sales need more care to ensure a clean closing.

Can you tell your transactions status in realtime, what is left to finish and who should next do what in the process?

An online transaction administration system manufactured for international contracts that walks parties through every step of the closing process is often very powerful here. Transactional transparency spanning any real estate transaction is important however couple that with a technology that can enhance your flow like assuring security, would indefinitely change the industry.

For years Costa Rica, in Central America, was referred to as the Switzerland of the Americas. Naturally a large portion of higher [than local] priced real estate was becoming attractive to foreign buyers. So for a 5 year period between 1995 and 2000, the country saw a huge boom in their real estate niche.

Top ranking Costa Rica realtor Brett Elliott saw the writing on the wall and made moves to adapt on the fly, to ever changing technology and how that could help improve real estate deals from foreign investors.

Psychological Factors affecting purchase of Luxury Real Estate

Purchasing Luxury Real Estate is not a cup of tea for everyone. There are a lot of factors that play a role while a person decide to purchase a Luxury home. The appeal of Luxurious homes is undeniable. There is a great percentage of people who always want to live in a home which is located on a prime location, which has all the facilities and luxuries, and off course, it has to look pleasing to the eye. There is a portion of the population who never go for Luxury homes based on number of reasons. Majority of that portion is not financially strong to afford luxury living and the rest of the people opt to spend their money somewhere else. They are comfortable living in a cheaper and not so luxurious home.

Let’s talk about the people who decide to buy Luxury Real Estate. There are several Psychological factors that play an important part in that decision. Those are discussed below:
Self-Esteem
A recent study which was published by Journal of Experimental Social Psychology showed that low self-esteem plays a big role in whether a person decide to buy luxurious goods. They are of the opinion that if they buy something that is expensive and luxurious, it will increase their self-esteem.
Social Status
People who want to maintain a high class social status always want to spend their money for luxury homes because it’s their belief that luxurious home will always define their high class social status. People think that their peers will respect them more if they are living in a luxurious house. It’s one of the factors which comes in their mind when they are making a decision about buying a luxury home or not.
Also people are used to rate a product high if they are told that this product is expensive. So it’s always in the mind of people that if a particular thing is expensive, it must be high quality and highly rated. Same is the case with Luxurious homes because people will know that they must be great because they are expensive and tagged as “Luxurious”.

Another scenario is when people who are not that financially strong to afford a luxury lake home, still decide to go for one because they want to show off to others, try to get acceptance from others or to reward themselves for an accomplishment.

4 distinctive features of luxury homes

There is a huge difference between an ordinary home and a luxury home. The price of a luxury home is high for a reason. You won’t get certain features in the ordinary home. Here are the most distinctive features of a luxury home.

Large windows

This is one of the distinctive features of a luxury home. These houses have floor to ceiling windows so that more light can get in. it also allows an outstanding view of the outside world. The windows are of glass and some windows have advanced technology installed in them as well.

Elements of wellness

A luxury home will have everything to give you a healthy environment to live in. You will have fresh air and water supply. The lighting will be sufficient. There will be gym facilities, recreational options, Jacuzzi, and spa. There will be swimming pool and place for indoor games. You won’t need to go elsewhere to avail these facilities. You will get everything in your home.

 

Ultra modern kitchen

Your kitchen will be stocked with all the modern smart appliances. It will make cooking a very easy task for you. Anybody will be able to become a professional cook if you have this type of kitchen.

Location

Luxury homes are located in the best neighborhoods. They are often located in a quiet place with lots of greeneries or near the sea. Location is one of the major factors for the high price of luxury homes.

These features make luxury homes quite different than the conventional homes. These homes will give you such comfort that you won’t feel like leaving your house at all.

3 marketing tools real estate agents use to sell properties

Even if you have a great property, it doesn’t mean that you will be able to sell it fast. You need to market your property well. Here are some top marketing tools that the real estate agents use to sell the properties.

 Professional photography

You must hire a professional photographer to take pictures of your home. A professional photographer knows which part of the property to highlight and which parts to hide. The photographer can adjust light and other details to make sure that the photos just come out perfect.

Professional videography

It is an essential tool to sell your home. A professional videographer will record a 3600 tour of your home. This way the clients will get a virtual experience of your property and it will be sold quickly.

Home staging

Doing renovation and repairing works are not enough. It is important to stage your home in front of the prospective buyers so that they love your home instantly. Home staging is not the same thing as home repairing. After you do the necessary repair works, a professional home stager will decorate your home in the most elegant and sophisticated way so that it is liked by most of the buyers.

Without these three marketing tools you won’t be able to sell your home within a short time. The other property owners are using it, so you will also need to use these tools to compete in this fiercely competitive market.

5 reasons you should invest in luxury properties

The luxury property market is growing and there are lots of opportunities out there. Many people are looking for ways to invest in this sector. Here are the reasons why you should invest in luxury properties.

Great returns

The demand for luxury properties is increasing. You can get a good return by investing in luxury properties. By taking the right steps and getting advice from someone expert, you will be able to make a huge profit in this sector.

Comfort

People buy luxury homes for the ultimate comfort. You will get all the facilities in luxury properties that will give you convenience and a comfortable experience.

Technology

The advanced technology present in luxury homes is something you won’t get elsewhere. You will get remote control switchboards, solar generator, and other hi-tech facilities. These homes make your life much easy.

Distinct features

The luxury homes are designed by keeping in mind the high-class people in our society. It has a unique architecture that is both appealing and functional. You will find many unique features in these properties that you won’t find anywhere else.

Super security

People live in luxury properties for the security reasons. You will get high-grade security using smart home technology. CCTV, automatic high-security installations, etc. makes the home very secured.

Luxury home is a symbol of status. Someone who owns a luxury home is regarded as very special in the society. Investing in luxury property market also opens up international investment opportunities for you. So, you should think of investing in this market.