Facebook
X
Pinterest
Copy Link
Crescent Heights Open House!
On both Saturday, March 5, 2016 and Sunday, March 6, 2016, I will be hosting an open house at #5, 308 11 Avenue NE from 1pm – 4pm. Come by to check out this beautiful, brand new condo in the developed community of Crescent Heights.
Quick Features:
$579,900 Listed Price
2035 Square Feet
4 Bedrooms
4.5 Bathrooms
Single Detached Garage
For full listing details, visit here.
As always, if you have any questions you would like answered before the weekend, feel free to give me a call at 403.703.1052.
See you soon!
Sarah Paranych
sellingcalgaryproperties.com
sarah.paranych@century21.ca
403.703.1052
Skyview Ranch Open House!
On Sunday, February 28, 2016, I will be hosting an open house at 152 Skyview Springs Garden NE from 1pm – 4pm. Come by to check out this great home in the community of Skyview Ranch.
Quick Features:
$429,900 Listed Price
1569 Square Feet
3 Bedrooms
2.5 Bathrooms
For full listing details, visit here.
As always, if you have any questions you would like answered before Sunday, feel free to give me a call at 403.703.1052.
See you soon!
Sarah Paranych
sellingcalgaryproperties.com
sarah.paranych@century21.ca
403.703.1052
Coventry Hills Open House!
This Saturday, February 13, 2016, I will be hosting an open house at 149 Covewood Circle NE from 1pm – 4pm. Come by to check out this great home in the community of Coventry Hills. One of my excellent mortgage specialists, Becky Money, will also be in house and available to answer any of your financing questions.
For full listing details, visit here.
For more information on mortgaging with Becky Money, visit here.
As always, if you have any questions you would like answered before Saturday, feel free to give me a call at 403.703.1052.
See you soon!
Sarah Paranych
sarah.livelovecalgary.com
sparanych@outlook.com
403-703-1052
Rocky Ridge Open House!
On Saturday, January 30 and Sunday, January 31, 2016, I will be hosting an open house at 494 Rocky Ridge Drive NW from 1pm – 4pm. Come by either day to check out this great home in the community of Rocky Ridge.
For full listing details, visit here.
As always, if you have any questions you would like answered before Saturday, feel free to give me a call at 403.703.1052.
See you soon!
Sarah Paranych
sarah.livelovecalgary.com
sparanych@outlook.com
403-703-1052
Rocky Ridge Open House!
This Saturday, January 23, 2016, I will be hosting an open house at 494 Rocky Ridge Drive NW from 1pm – 4pm. Come by to check out this great home in the community of Rocky Ridge. One of my excellent mortgage specialists, Becky Money, will also be in house and available to answer any of your financing questions.
For full listing details, visit here.
For more information on mortgaging with Becky Money, visit here.
As always, if you have any questions you would like answered before Saturday, feel free to give me a call at 403.703.1052.
See you soon!
Sarah Paranych
sarah.livelovecalgary.com
sparanych@outlook.com
403-703-1052
2016 CREB® Forecast Report
The Calgary Real Estate Board (CREB®) has released its full economic outlook and regional housing market forecast for 2016.
“With no economic change on the horizon, demand for housing in Calgary will be weak in 2016, as sales activity is expected to fall by 2.2 per cent to 18,416 units, CREB® said today in its annual forecast. The annualized benchmark price is expected to decline by 3.44 per cent to $438,652.
Weak demand and supply gains are expected in 2016, adding to an already elevated level of inventory. In this situation, the markets ability to effectively absorb more inventory will be limited, resulting in some downward price pressure across all housing sectors.
“As we move into the second year of this environment, we expect to see additional housing supply pressure and further price declines,” said CREB® chief economist Ann-Marie Lurie. “Weakness in the energy sector is overshadowing all aspects of our economy and with more people looking for work and fewer opportunities, we could see some families making adjustments to their housing situation.”
While price declines are forecasted in each of the detached, attached and apartment markets, steeper declines are anticipated in the higher density segments, a trend which already started in the fourth quarter of 2015. This is related to the near record high level of multi-family units under construction. As these units are completed, there will be more product available for a smaller pool of buyers.
“Market intelligence really matters in today’s operating environment. Pricing trends have and will continue to vary depending on product type, price range and location,” said CREB® president Cliff Stevenson. “Sellers in this market need to have a good understanding of activity within their specific niche of the market. This is where a real estate professionals can really help navigate market conditions and real estate options, which are always unique to each consumer.”
With oil prices expected to remain lower for a longer period of time, the additional impact on employment and the extent of the spillover to other industries is still uncertain. While current forecasts expect employment weakness to persist throughout 2016, further losses are not expected beyond this year.
“The main risk to the housing outlook lies with the deepness of the pullback in demand and how that will translate into supply gains,” said Lurie. “Any sign of sustained recovery in the energy sector could limit the impact on the housing market.”
For the full report or any questions you may have about the economic outlook of our city, be sure to get in touch with me!
Sarah Paranych
sarah.livelovecalgary.com
sparanych@outlook.com
403-703-1052
Steps to Buying a Home
Buying a home is an exciting time in your life! It is likely the largest purchase you will ever make, so you want to be sure you’re prepared and familiar with the processes.
1. Get Started
Choose a professional who specializes in residential real estate. Commit yourself to working with one agent who can learn your likes and dislikes in homes and make your home-buying process much easier. A Realtor is there to protect you and your best interests.
2. Become a Pre-approved Buyer
Being a pre-approved buyer gives you a great advantage when it comes to starting your search for a home. Talking to a mortgage broker will give you a better idea of your budget and how much of a home you’ll be able to afford. This will ensure you are looking at homes within your budget, that you will be able to afford. There’s nothing worse than finding your dream home only to find out it’s out of reach.
3. What Type of House do You Want?
Next you’ll want to define your needs, tastes and preferences for your new home. Describe the style of house you like, whether it be two-storey, a condominium, or something else. List your priorities in home features, such as a garage, gourmet kitchen, or number of bedrooms. Think about your lifestyle (eg. If you don’t like yard work, ask your agent to show you condominiums, townhouses or garden homes with smaller yards). Consider ideal communities as well. If you’re unfamiliar with any city areas, your Realtor will have great insight into what communities may fit your lifestyle and interests.
4. Shop for Your Home
Start touring homes with your agent, they have the ability to set you up on a customized home search where you can review detailed information about each property and personally select which homes you would like to view. Be sure to take notes on each property to help remind you of your likes and dislikes of each place. Take as much time as you need to find the right home.
5. Make an Offer
Once you’ve found the perfect place, decide how much you should offer. Consider factors such as the home’s length of time on the market, list price, availability of financing and other costs. Decide what conditions you want to place on buying the house. Your purchase may be made conditional on obtaining financing, a building inspection, or selling your present home. Real estate contracts today already include many of these standard real estate contingencies. Your Realtor will be there to assist you and make recommendations on all these factors when it comes to making an offer. Keep in mind, there may be a lot of negotiating in this short period of time and you will need to be available and in constant contact with your agent.
6. Protect Yourself
Ensuring you have a home inspection completed on your property can add to your peace of mind. A professional inspection of a home prior to closing can lessen the chance for surprises. Even if you’ve arranged to have an inspection, you should still plan to take a ‘walk-through’ of the property on or before the closing date. This will be arranged through your agent.
7. Coordinate Paperwork
During the time between the accepted offer and taking possession of your new home, you will need to meet with a few professionals to coordinate all the paperwork. You will meet with your mortgage broker to confirm all the details of your mortgage and with your lawyer to finalize the transfer of the home in to your name.
8. Possession Day
Here’s the day you’ve been waiting for! The papers are in order and money has been exchanged. You’re handed the keys – the home is now yours! Considering the quantity and value of your possessions, as well as the type of place you’re moving from and to, you must decide the best method to move by either hiring professionals or doing the work yourself.
Enjoy your new home! While buying a home can be stressful, being prepared and having the right agent by your side will help make things go as smooth as possible. Be sure to get in touch with me if you have any questions about purchasing your next home.
Sarah Paranych, REALTOR®
Century 21 Bamber
linktr.ee/yycrealtor
sparanych@outlook.com
403.703.1052
Calgary Community Map
As of January 5, 2016, the Calgary Real Estate Board (CREB®) has changed the community map to align with the City of Calgary communities and districts. This will give us Realtors a better ability to narrow down the search for your next home by being able to hone in on a specific community or district.
We now have eight districts, instead of four quadrants. The names of some communities have been changed to match the City and new communities have been added as we have grown!
Check out the new map here.
Sarah Paranych
sarahparanych.c21.ca
sparanych@outlook.com
403-703-1052
Calgary Housing Market: Renovations That Add Value
Recently, Susan Ashton from Ashton Mortgage Solutions, came to me looking for my opinion as a Realtor as to which renovations add the most value.
In my professional opinion, in a downward market, most homeowners tend to turn towards renovating or upgrading their current property over selling it for a new one. When considering a renovation, there is no right or wrong answer when it comes to which will provide the most resale value in the future.
While kitchens and bathrooms are predominantly the go to renovation, they won’t make much of a difference if you have a leaky roof or a broken furnace. Many buyers want to know that the expensive mechanical items have been taken care of and ensure they won’t need to be replaced shortly after they move in. You can still live and function in a home with a seafoam green tub, or old laminate countertops, but if there’s no heat or you constantly have water spots in your ceiling, those things need to be taken care of immediately.
If the basic mechanical is in good order, the next best step would be to look at the comparable properties in your neighbourhood. If you’re the only house in the area with one bathroom, a great investment would be finding a way to add in a second one, or your home could be overlooked quite easily.
Looking at comparable sold properties in your area is the most effective way to find out which renovation project you should take on next. If you’re unsure of what may set your home or renovation apart from the future competition, your best resource is a Realtor. They have experience and insight into the real estate market and can provide you with information on what your property may need to help it sell quickly and for top dollar.
Sarah Paranych
sarahparanych.c21.ca
sparanych@outlook.com
403-703-1052
