Buying / Selling Check List

Streamline your real estate experience with our Buying/Selling Checklist. Whether buying your dream home or selling a property, our concise guide covers essential steps for a smooth and successful transaction—Trust First Place Realty to guide you through this process.

Buying Checklist

Define Your Financial Plan

Determine your budget by assessing your total income, savings, and investments. Account for additional expenses such as property taxes, utilities, and maintenance.

Secure Mortgage Pre-Approval

Gain pre-approval for a mortgage to narrow down your home search and enhance your attractiveness to sellers. Compare rates and terms from different lenders.

Select Your Ideal Neighborhood

Calgary boasts diverse neighbourhoods; consider factors like proximity to work, schools, public transport, and amenities. Research crime rates and trends for a location that aligns with your lifestyle.

Property Preferences

Identify the type of property that suits your needs, from single-family homes to condos. Make a checklist of essential features like bedrooms, bathrooms, outdoor space, and desired amenities.

Engage a Knowledgeable Realtor

Hire a real estate agent well-versed in the Calgary market. Their expertise will guide you through the process and help you find a property that meets your criteria.

Stay Informed on the Real Estate Market

Stay updated on Alberta's real estate market conditions to understand whether it's favorable for buyers or sellers, impacting your negotiation power.

Prioritize Property Inspections

Never skip a professional property inspection to uncover any hidden issues. Ask questions during the process to make informed decisions.

Legal Guidance

Employ a real estate attorney to handle legal aspects, review contracts, ensure documentation is in order, and safeguard your interests.

Explore Financing Options

Investigate various financing options, including government assistance programs or incentives for first-time buyers.

Estimate Closing Costs

Understand potential closing costs, including legal fees, title insurance, and land transfer tax, to avoid surprises.

Understand Property Taxes

Research property tax rates in your chosen neighbourhood within Calgary to budget appropriately.

Home Insurance

Secure homeowners insurance before closing to protect your investment and gain peace of mind.

Negotiate Strategically

Work with your realtor to negotiate a fair offer for your dream home, considering market conditions and property value.

Review Condo Documents

If purchasing a condominium, thoroughly review the condo association's documents, focusing on rules, fees, and potential assessments.

Plan for Future Needs

Consider future plans, such as family expansion or downsizing, and evaluate how the chosen property accommodates these changes.

Multiple Property Visits

Visit the property at different times of the day to assess the neighbourhood, traffic patterns, and overall livability.

Consider Resale Value

Even if planning for a long-term stay, assess the property's resale value by looking for features and locations likely to appreciate.

Homeowner's Association (HOA) Rules

If part of an HOA, review rules and regulations to ensure they align with your lifestyle and expectations.

Evaluate School Districts

Quality nearby school districts can impact property value and resale potential, even if you don't have children.

Plan for Upgrades

Anticipate potential upgrades or renovations, factoring these costs into your budget and timeline.

Selling Checklist

Evaluate Property Value

Conduct a precise evaluation of your property's value. Consider factors like location, size, and unique features to establish a competitive price.

Prepare the Home

Ensure your home is in optimal condition. Make minor repairs, paint if necessary, and declutter to highlight spaces.

Hire a Real Estate Agent

Consider hiring a real estate agent experienced in Alberta's real estate market. They will guide you through the process and maximize your property's visibility.

Professional Photography

Invest in professional photographs to showcase your property effectively online. A strong first impression is crucial in the current market.

Effective Marketing

Collaborate with your agent to develop effective marketing strategies. Use online platforms, social media, and printed materials to highlight your property.

Implement Strategic Improvements

Identify strategic improvements that can enhance your property's appeal, such as kitchen or bathroom updates. Consult with your agent to determine the most cost-effective investments.

Organize Documentation

Prepare all necessary documentation, including property titles, maintenance history, and financial details. Providing this information streamlines the process for potential buyers.

Optional Pre-Listing Inspection

While not mandatory, consider a pre-listing inspection to address potential issues before buyers discover them.

Negotiate Terms

Work closely with your agent to negotiate favorable terms. Set an initial price that allows for some flexibility during negotiations.

Prepare for Your Move

Anticipate the moving process. Begin packing non-essential items and organize logistical details in advance for a smooth transition.

Plan Viewing Days

Coordinate convenient days and times for property viewings. This allows potential buyers to explore the house in a comfortable setting.

Legal Considerations

Work with a real estate lawyer to review legal documents and ensure a seamless transaction.

Professional Closing

Ensure you have professionals for the closing of the sale, including lawyers or notaries, to guarantee a smooth and legal transition.

Clear and Clean

Clear the property before viewings and maintain cleanliness. A tidy home is more attractive to buyers.

Understand Closing Costs

Familiarize yourself with closing costs, which may include legal fees, property transfer taxes, and other expenses related to the sale.

Understand Real Estate Taxes

Research and understand real estate taxes in Alberta. This helps explain these details to potential buyers.

Maintain Open Communication with Your Agent

Stay in constant contact with your agent to receive updates on the selling process and adjust strategies as necessary.

Prepare Property for Buyer Inspection

Before buyer inspections, ensure the property is in good condition and ready to be evaluated.

Offer Strategic Incentives

Consider offering incentives, such as additional improvements or price adjustments, to attract potential buyers.

Effective Closing Strategies

Collaborate with your agent to implement effective closing strategies that ensure a successful and satisfactory transaction for both parties.

You Can Trust.