Category Archives: Real Estate News

For Sale by Owner

Thinking of going it alone?

If you sell the home yourself, you will get limited exposure by putting up a sign, running some ads, and telling your friends. If you work with a REALTOR®, you will get instant and mass exposure to a large number of prospective home buyers.

A REALTOR® has access to the Multiple Listing Service® (MLS®) System. This computerized system operated by the local real estate board, compiles information about listed properties in the area and makes it accessible to member companies. As a result, when a REALTORS® lists your home, REALTORS® from other companies learn about your home and try to match it with buyers with whom they are working.

A REALTOR® can speed the selling process in other ways:

  • By specializing in real estate, a REALTOR® knows market values and can therefore help you set a competitive price for your home.
  • A REALTOR® can free you from the hassles associated with showing your home and screen out people who are merely curious.
  • A REALTOR® is objective when negotiating with buyers and experienced in reading the fine print of contracts.
  • By staying on top of the mortgage market, a REALTOR® may know how to wade through financing tangles and clinch a sale.

Selling a home is not something that anyone can do in their off-hours. It’s a specialized service, best handled by a professional REALTOR®.

Frequently Asked Questions

Q: What is referred to as an exclusive listing?

A: Exclusive listings are often referred to as listings which are not entered on the Multiple Listing Service® (MLS®). There are various types of exclusive listings so be sure to ask your REALTOR® to explain the specific terms and limitations of each type.

Q: Can I cancel my listing at any time?

A: No, a listing contract between you and the brokerage (company) creates a legal and binding obligation on both parts. If you have concerns or problems, discuss them with your REALTOR® or their broker.

Q: When my listing expires, how long do I have to wait until I can sell my home?

A: You can sell at any time after the listing expires, but bear in mind that you may still have to pay remuneration. Check with your REALTOR® to clarify any holdover clauses in your contract.

Q: What is the remuneration rate?

A: Remuneration rates are negotiated at the time your listing contract is signed and determined individually by each brokerage.

Q: If I receive an offer I don’t like, do I have to counter it?

A: No. You have the choice of accepting, rejecting, or making a counter-offer. Your REALTOR® will guide you on the best available options.

Q: Do I have to use a lawyer?

A: Although not required, using a lawyer is highly recommended.

Q: Why should I use a REALTOR®?

A: A REALTOR® can help you to not only get a better price for your home, but also make the whole process easier and reduce your risk in the transaction.

10 Questions To Ask Your Calgary Real Estate Agent

Without a doubt, the purchase of a home is among the most important events in anyone’s lifetime. You need to be assured that the professional you hire to take care of you at this crucial point in your life is reliable and has your best interest at the forefront.

I’ve put together a quick guide to help you weed out the imitators from the real professionals; here are 10 things to ask your Calgary Real Estate Agent before you give them your business!

What is your experience?

Real estate professionals generally have an area that they work in regularly and specialize in. They can often offer special insights and advice for the local real estate market that you’re looking to make your home. How many deals have they been involved in for your preferred neighbourhood?

What kind of approach do they plan to take?

It’s important for you to get an idea of what kind of tactics they plan to use to sell your home, or find the home that is right for you. For buyers, how do they search for properties/identify which property you might like. For sellers, what tactics do they plan to use in negotiations and how will they effectively market your home.

What commissions/fees are involved?

Commissions and applicable fees can vary quite widely based on your geographic location as well as the specific agent/brokerage that you plan to deal with. Of course, it’s important to know where your money is going, but it’s also important to know if you should expect any additional fees down the road.

What are their stats like?

Don’t be afraid to ask for specific statistics and figures. This can be a really practical way to find out what kind of outcome you can expect. What is their average sale price to listings price ratio? How long do the homes they represent generally stay on the market?

What percentage of their business deals with buyers vs. sellers?

Does the agent have a specialization one way or the other? The buying and selling sides of the real estate industry both have unique challenges and pratfalls that you need to be kept abreast of. Ensure the agent you’ll be working with has the right kind of experience to match your needs.

What technology do they plan to use?

Technology has become a huge part of virtually every industry these days. It’s impossible to get by in today’s past paced real estate market without being able to leverage the latest online techniques and technologies. You need to know that your prospective real estate agent keeps up to speed with the latest advances in technology and online marketing to effectively buy or sell your home.

Are there any additional services included?

Real estate agents were once the gatekeepers of the real estate industry; they provided inside knowledge on available properties and market conditions. Today, much of that information is available online, so what else can your agent provide? Do you they host open houses? Provide professional photography services? You need to know what you’re getting for your hard-earned buck!

Can they provide references?

Among the most tried and true methods to understand what experience you can expect is by getting in touch with past clients. Is your prospective agent hesitant to provide references? A good, experienced agent will have access to a number of testimonials from a range of clients at his disposal.

What separates them from other agents in the area?

Give them a chance to sell themselves. Look for unique angles or skills that they can leverage in your favour. This will also give you a taste of how they can handle themselves in a negotiation.

Do they have related service they can refer me to?

Agents often have related professionals that they can refer: from home inspectors to mortgage lenders. A quality stable of professionals suggests an experienced agent with a good reputation among his peers. A well connected agent can often broker discounted rates from frequent collaborators.

The agent you hire will become intimately involved with your financial situation so it’s imperative that you choose someone you can trust. Treat it like a job interview as the one you hire will be undertaking one of the most important jobs of your lifetime!

Filipinos are known to be hospitable and doting. Being a Filipino real estate agent in Calgary, AB, I practice professionalism, courtesy and friendship so I can heed your real estate needs to help you maximize results. As a matter of fact, I have familiarity of the many areas in Calgary, AB so I can offer you the best houses and help you sell yours with the best pricing to suit your budget and expectation.

Whether you are buying and selling a house or property in Calgary or anywhere in AB or the World, make sure you choose a real estate agent with a vast experience in the real estate industry. I have the resources and expert knowledge to make sure that you have been provided with 100% of the listings of the stylish, contemporary and highly or maintained houses and properties whether Pre-owned or New Home that are for sale in Calgary or anywhere in AB. You can also contact me directly and I will be happy to assist you with your search or answer any questions about BUYING or LISTING.