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.
Determine your budget by assessing your total income, savings, and investments. Account for additional expenses such as property taxes, utilities, and maintenance.
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.
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.
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.
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 updated on Alberta's real estate market conditions to understand whether it's favorable for buyers or sellers, impacting your negotiation power.
Never skip a professional property inspection to uncover any hidden issues. Ask questions during the process to make informed decisions.
Employ a real estate attorney to handle legal aspects, review contracts, ensure documentation is in order, and safeguard your interests.
Investigate various financing options, including government assistance programs or incentives for first-time buyers.
Understand potential closing costs, including legal fees, title insurance, and land transfer tax, to avoid surprises.
Research property tax rates in your chosen neighbourhood within Calgary to budget appropriately.
Secure homeowners insurance before closing to protect your investment and gain peace of mind.
Work with your realtor to negotiate a fair offer for your dream home, considering market conditions and property value.
If purchasing a condominium, thoroughly review the condo association's documents, focusing on rules, fees, and potential assessments.
Consider future plans, such as family expansion or downsizing, and evaluate how the chosen property accommodates these changes.
Visit the property at different times of the day to assess the neighbourhood, traffic patterns, and overall livability.
Even if planning for a long-term stay, assess the property's resale value by looking for features and locations likely to appreciate.
If part of an HOA, review rules and regulations to ensure they align with your lifestyle and expectations.
Quality nearby school districts can impact property value and resale potential, even if you don't have children.
Anticipate potential upgrades or renovations, factoring these costs into your budget and timeline.
Conduct a precise evaluation of your property's value. Consider factors like location, size, and unique features to establish a competitive price.
Ensure your home is in optimal condition. Make minor repairs, paint if necessary, and declutter to highlight spaces.
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.
Invest in professional photographs to showcase your property effectively online. A strong first impression is crucial in the current market.
Collaborate with your agent to develop effective marketing strategies. Use online platforms, social media, and printed materials to highlight your property.
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.
Prepare all necessary documentation, including property titles, maintenance history, and financial details. Providing this information streamlines the process for potential buyers.
While not mandatory, consider a pre-listing inspection to address potential issues before buyers discover them.
Work closely with your agent to negotiate favorable terms. Set an initial price that allows for some flexibility during negotiations.
Anticipate the moving process. Begin packing non-essential items and organize logistical details in advance for a smooth transition.
Coordinate convenient days and times for property viewings. This allows potential buyers to explore the house in a comfortable setting.
Work with a real estate lawyer to review legal documents and ensure a seamless transaction.
Ensure you have professionals for the closing of the sale, including lawyers or notaries, to guarantee a smooth and legal transition.
Clear the property before viewings and maintain cleanliness. A tidy home is more attractive to buyers.
Familiarize yourself with closing costs, which may include legal fees, property transfer taxes, and other expenses related to the sale.
Research and understand real estate taxes in Alberta. This helps explain these details to potential buyers.
Stay in constant contact with your agent to receive updates on the selling process and adjust strategies as necessary.
Before buyer inspections, ensure the property is in good condition and ready to be evaluated.
Consider offering incentives, such as additional improvements or price adjustments, to attract potential buyers.
Collaborate with your agent to implement effective closing strategies that ensure a successful and satisfactory transaction for both parties.