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Clark & Clark Lawyers – One of our preferred Law Firms to Deal with your Real Estate Needs

 

Clark & Clark has been serving the Calgary Real Estate community since 1995. Whether you are a first time home buyer, an experienced seller/ buyer, a new client or a repeat client, we are committed to providing exemplary service to you.

 

The Calgary Real Estate legal community is a competitive environment with many law firms competing for your business. We are proud to say that our long successful track record is partly due to the fact that once our clients are introduced to us they keep returning to us for all their future real estate and legal services. We have many realtors and mortgage brokers across Calgary and Alberta, that continue to refer their clients to us because they know they can trust us with their valued clients.

 

At Clark & Clark we are in the business of building long term relationships and as a valued client you will have the benefit of our teams pooled capabilities, knowledge and experience to ensure you receive the best results.

 

We offer free parking and are currently located next to the Chinook L.R.T. station.

 

If you looking for real estate law firm with an exemplary track record, call us on 403-777-1444 or email us at info@clarklegal.com.

 

We will be happy to talk to you and to provide you with a fee estimate or go online and use our Real Estate Fee Calculator at http://clarklegal.com/real-estate/fees-calculator link.

 

Thank you,

 

Clark & Clark Lawyers

 

 

Weekly Calgary Real Estate Update for February 4, 2019

Weekly Calgary Real Estate Update for February 4, 2019

Weekly Calgary Real Estate Update

6137 homes for sale in metro Calgary (down 14)

834 homes sold in the last 30 days (up 146)

7.36 months worth of inventory (down 1.58)

13.59% of the homes statistically to sell in the next 30 days (up 2.41%)

Market Conditions: Buyers

Average List Price: $482,790 (up $16,487)

Average Sale Price: $462,040 (up $16,552)

Average days on market: 73 (same)

Average list to sale price ratio : 95.88% (up 0.19%)

*Numbers in the brackets are a comparison from last week’s stats. Ideally, we want the number of homes selling in the last 30 days to increase weekly, the months of inventory to decrease (meaning demand is matching inventory) and the % of homes to sell in the next 30 days to increase.

2019 Real Estate Forecast from Calgary Real Estate Board

According to Ann-Marie Lurie, Chief Economist for CREB® (The Calgary Real Estate Board) the challenging economic climate in Calgary is expected to persist into 2019.

“Slowing growth, weak job prospects and lack of confidence are all factors that are contributing to the expected easing in sales activity this year,” said Lurie. “At the same time, our market continues to struggle with high inventory levels and further potential rate hikes, all of which is expected to cause additional price declines this year.”

To view the entire press release for the Calgary Forecast, please click here or view the entire report by clicking below.

View the 2019 CREB Forecast for Calgary

 

To listen to the audio version of the forecast, click here

KJ HOME INSPECTIONS – Our Preferred Home Inspection Agency

Why get a home inspection? Home inspections are a critical step in the home buying process with single family homes, acreages, duplexes, townhomes and condominiums. Having a home inspection on a house is like having a mechanical completed on a car you want to buy. In this way, you know that all the systems are working properly, have been maintained and you will not be surprised by expensive repairs, safety concerns and renovations. In a home inspection, the inspector evaluates the HVAC (heating, ventilation, air conditioning), Roofing, Exterior, Electrical, Plumbing, Insulation/Venting, Interior, Attic, Attached or Detached Garage, Deck/Patio, Grading/Drainage, Eavestroughs/Downspouts, and much more… You need a person to evaluate these parts of the home who are experienced and formally educated in all these systems.

 

Why get a KJ Home Inspection? Kerry Palyga, CPI is a Certified Professional Home Inspector. Licensed by the Province of Alberta, bonded, insured and accredited by The International Association of Certified Home Inspectors (InterNACHI), subscribing to the high expectations of their Standards of Practice and Code of Ethics. Kerry has been involved in all aspects of residential construction and renovation since 1995 with single family homes, townhouses, acreages, manufactured homes and condominiums of all sizes and ages. Having been involved in the restoration and repair of almost everything that can go wrong with a home, he is well qualified to evaluate any home for pre-purchase, pre-listing or end of first year new-home warranty. He brings a keen eye for detail, a thorough investigative background, construction, renovation and safety experience. Coupled with the Industries Best Home Inspection Training and Continuing Education Program, a KJ Home Inspection will give you the peace of mind to proceed with your purchase or selling decision.

To learn more about KJ Home Inspections, please visit our website at:

http://www.kjhomeinspections.ca/

See what a KJ Home Inspection looks like in this video:

http://www.kjhomeinspections.ca/video.html

 

Condo Versus Traditional Home

Condo Versus Traditional Home

When it comes to choosing the perfect first-time home, down-size property or even long-term investment, the Calgary Condo Market may have just what you’re looking for. There are many reasons why people might choose to buy a condo. Single professionals, new to the housing market, often find them convenient and perfectly suited. Many retiring ‘baby-boomers’ are increasingly leaving their large family homes, and find the idea of living in a community with low-maintenance considerations, highly appealing.

But what are the advantages, and disadvantages, to owning a condominium over a more traditional house? To answer that, we must first determine just what a condo is, and how it differs fundamentally from a single family home.

A condo is essentially an apartment, in as much as it is a unit within a building comprised of other, similar, units. However, each condo is privately owned, as opposed to being rented from the apartment block proprietor.

Condo owners each pay a fee toward the upkeep of the common areas such as gardens, exteriors and general maintenance; well worth bearing in mind if you spend a good deal of time away, or simply don’t have time or the inclination, for DIY projects. Many condominiums also have a range of tempting amenities on site such as a gymnasium, sauna or pool, exclusively for residents’ use. One of the appealing things about living in a condo is that it can be a great way of meeting neighbors and making new friends.

A condo will often have great location as a prime incentive, and the convenience of many downtown blocks means that city workers can cut commuting time down significantly, and of course, enjoy easy access to all the best that a city has to offer. The lure of living within walking distance of theatres, parks, shops and favorite restaurants and cafes can be a strong one.

On the downside, there can be a number of restrictions put in place by the condo association, which may compromise your lifestyle choices. A lack of privacy and the close proximity of neighbours may affect your decision when it comes to considering a condominium. Also, the fact that condos do not have a tendency to appreciate in value as much as similarly priced houses, might well deter some buyers. Take a look at our Statistics for a price comparison of single family homes versus condos over the years.

With a wide selection of new and established Calgary condos on the market, it could certainly be worth while looking into the potential of investing in one.

 

 

Flood Cleanup: Check for Accredited Tradespeople

 

 

Flood Cleanup: Check for Accredited Tradespeople

When crisis hits, we’ll take help from just about anywhere. But in the wake of the floods in recent years in and around our city, City of Calgary officials are urging Calgarians to take caution when hiring tradespeople to help rebuild homes. Several reports of many unaccredited tradespeople doing work on destroyed homes were submitted. Be sure what to look for, or more damage could be done.

  • Check references
    • Ensure the contractor has liability insurance
    • Ensure the contractor has Workers’ Compensation
    • Check if they have a warranty
    • Get everything written in a contract to protect yourself

Some other tips to protect yourself:

  • Don’t accept door-to-door deals from contractors
    • Check if they are RenoMark or BBB certified

 

The Biggest Renovation Mistakes That Homeowners Make

The Biggest Renovation Mistakes That Homeowners Make

Home renovations can seem like a confusion when you’re first getting started. There are plans to make, a budget to be drawn up and professionals to consult. When you’re ready to go with your new renos, here are some of the biggest mistakes that you’ll want to avoid.

  1. Not hiring professionals for certain projects

There may be certain things that need to be done in your home that require the expertise of a professional. For example, you won’t want to use a handyman to work on your electrical or plumbing systems. Most handymen don’t carry insurance and if anything should go wrong you’ll be liable for it. While plumbers and electricians are expensive and charge a high hourly rate, the reason why they can ask for these types of prices is they are highly trained and experienced. They also carry the necessary insurance and bonding that keeps you safe and protected.

  1. Failing to plan for unforeseen changes

When you’re making out your budget be prepared to have at least 20% extra put aside to handle any unforeseen changes or costs. This is especially important for larger projects, such as kitchen remodeling, where you may be tempted to upgrade to better materials. There can also be a lot of different snags that turn up during the renovation process that slow down the labour. Even though you were given an estimate for 50 hours of labour, for example, it may turn into much more if the contractor finds a problem such as water damaged drywall when he takes out your kitchen cupboards. When you have an extra 20% at your disposal, you’ll be able to make sure that the project is completed since you’ll have the funds to pay for any necessary changes that may occur.

  1. Not looking at the resale value

When you’re planning your renovations find out what projects will add the most value to your home. Kitchen and bathroom renos are always a good investment as is painting the home. What you’ll want to avoid is changing your home design drastically so that it no longer matches the appropriate neighborhood style. You can also do too many renovations and price your home too high when it is compared to the average price of homes in your community. This can make the property more challenging to sell since it will stick out from the others that are on the market at the same time in the area.

Your renovation project will start with a quote and you should be willing to get a full estimate from at least three contractors before making a final decision as to the one chosen. Make sure that you understand everything about the quote including whether or not materials are included in the price, whether you’ll have to pay for delivery of the materials and how you will be informed when the quoted price is revised.

 

 

What to Look for When You’re Moving During Your Retirement Years

What to Look for When You’re Moving During Your Retirement Years

If you have decided to relocate during your retirement years there are a few factors that you’ll need to consider first. You’re probably going to be spending some years, if not the rest of your life, at your new location so you’ll want to make sure that you choose it well.

Take time to make your decision

Don’t just jump in and decide too quickly that you want to move to a certain location. Get to know the neighborhood or city you’re planning on moving to. If it’s within the city you currently live in, learn more about the community and the types of amenities and services around it. If you’re planning a move outside of the city, take a vacation to the destination of your choice and spend some time there to learn more about the different neighborhoods around town.

Consider your health

Plan for your future retirement years by settling close to excellent medical care facilities. Research the wellness services and hospitals that will be available to you in the new community.

Consider the weather

Find out what type of weather patterns you can expect at your new destination. Every place has its own type of weather and if you’re someone that thrives when the sun is shining, you won’t want to move to a rainy place that only sees the sun shining through the clouds on a hit and miss basis.

Look at the cost of living

Here in Canada, the cost of living can vary greatly from one end of the country to the other. Living in a major city, for example, is going to cost a lot more than settling in a small town as far as housing costs are concerned. Do some research first to find out what types of costs you can reasonably expect to incur once the move is completed. You probably already have a retirement budget set up so you’ll want to ensure that you won’t be breaking the budget by moving to an area with a higher cost of living than where you are now.

If you’re planning to work during your retirement

Many Canadians expect to carry on working past the age of 65. Some are planning to continue work in order to remain mentally active while others believe that they’ll need to stay employed in order to cover their basic costs of living. Find out what type of work would be available in the community you’re planning on moving to. There should be some part-time employment positions open in the community that you find interesting.

 

What’s the Value of Your Home in Today’s Market?

What’s the Value of Your Home in Today’s Market?

You know how much you paid for your Home, and how much you still owe on it. But how much could you actually sell it for in today’s market? Let us prepare a complimentary CMA – a Comparative Market Analysis – for you!

A CMA compares the features – and the value – of properties that are similar to yours, in your immediate area. In order to make sure you’re getting an “apples to apples” comparison, we will look at homes comparable to yours in:

  • location;
  • square footage;
  • year of construction;
  • condition;
  • number of bedrooms and baths;
  • tangible amenities such as a swimming pool, health club facilities, party room, doormen, or garage, and;
  • intangible amenities such as a nice view or safe neighborhood.

We will then look at how much the similar properties were listed for and what they sold at. Also, we will note how many days they were on the market before they sold, and if they were previously listed, pulled off the market and then re-listed.

The CMA, together with the principal balances on the various loans attached to the home, enables you to estimate the equity you have in your own condominium, and gives you an idea of what you can afford to spend on your next property.

Before you make the decision to put your unit up for sale, you’ll want to make sure it’s listed for fair market value, especially when compared to other similar properties. Only with a CMA, and the benefit of an experienced real estate sales representative, can you receive the correct value for your home in today’s market. Of course, if you’re looking to purchase a property in a specific area, you will also be interested in getting a full overview of what’s available, and at what cost, so please call for this interesting comparison, too

 

 

Your First Step after Flooding – A Water-Damage Restoration Company

Your First Step after Flooding – A Water-Damage Restoration Company

With all those the flooding that has occurred recently in Calgary and surrounding areas,  there were  a lot of people that returned to damaged basements. Before calling in a basement renovator, you’ll need to make sure that your home is safe to live in. In most cases after severe flooding has occurred, you’ll need to call in a water damage restoration company in Calgary to get the area dried out as fast as possible.

These companies have high speed fans that can quickly dry out walls and furniture. They also have powerful vacuums that can pull out the majority of the water from your carpeting before fans are placed on it. Usually water damaged rugs and carpeting can be saved but the restoration company will let you know for sure whether they are salvageable once they arrive.

Most of these companies are open 24 hours a day and respond well in emergencies. Time can be your biggest enemy when it comes to flood damage since it doesn’t take long for mold and mildew to start breeding.

Some of the services offered by these water restoration crews include:

  • Water extraction
  • Carpet cleaning
  • Structural drying
  • Dehumidifying
  • Deodorizing and disinfecting

Some companies also provide complete reconstruction after the area has been dried out.

If you’re in need of a water damage restoration company and have to wait awhile for their arrival, you can get things started by opening the windows in your home to let the fresh air through. You should only set up your own fans in the basement if you are completely sure that it is safe to do so.

Renovations to a water damaged basement should never be started before the area has been completely dried out. If the damage looks bad, your best bet is to call in a restoration crew to get things dried out professionally so that you can move onto the next phase of renovations asap.