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4 Risks of Buying a Foreclosure and How to Combat Them

4 Risks of Buying a Foreclosure and How to Combat Them

Are you considering buying a foreclosed home in Calgary? Here are four risks associated with the process and how our top Calgary realtors can help you combat them and get the best value for your money. Over the past few years, buying a foreclosed home has become more popular, but there are…

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3 Factors to Consider Before Buying a Home During Coronavirus

3 Factors to Consider Before Buying a Home During Coronavirus

Whether you are looking for a foreclosed home or wanting to downsize, buying a home during the current health crisis is proving to be a little more complex. Here are three factors to consider before making a purchase at this time and how our Calgary realtors can help you find your dream home, even…

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The Most Essential Questions to Ask Before Buying a Foreclosure

The Most Essential Questions to Ask Before Buying a Foreclosure

This includes making sure you:  Are out of debt  Have a downpayment of at least 10%-20% for a 15 year fixed-rate mortgage Have an emergency fund of 3-6 months expenses Have enough additional cash saved to cover the cost of any repairs  If you are looking for a move-in ready home…

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 Quick Facts About Foreclosures You Need to Know About

Quick Facts About Foreclosures You Need to Know About

There are several reasons why this may happen, including the fact that the homeowner may:  Have excessive debts  Be unemployed  Have fallen ill and is unable to work  Have recently become divorced and is unable to make the payments on a single income  Have drained their financial…

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 Buying a Foreclosed Home in 2020

Buying a Foreclosed Home in 2020

Quick Facts About Home Foreclosures They happen when a homeowner stops paying his/her mortgage. Banks and government agencies sell foreclosed homes to recoup their financial losses on them. You can purchase a foreclosed home at an auction, or directly from the court (as a judicial sale),…

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6 Tips For Getting The Best Deal When Buying a Foreclosed Home

6 Tips For Getting The Best Deal When Buying a Foreclosed Home

Have a Foreclosure Listing in Mind But Don’t Know Where to Start? Our Calgary Realtors Can Help You Get the Best Deal On Your New Home! At Mel Star, our team of leading Calgary realtors can provide you with the expert advice you need when buying or selling a home. We have access to many…

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Why You Need to Invest in a Foreclosed Home

Why You Need to Invest in a Foreclosed Home

We have a lot to offer our customers, including: Access to many foreclosure listings Expert advocacy and negotiation assistance Decades of experience in the Calgary real estate market A comprehensive service that covers everything from handling moving offers to transferring your…

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4 Precautionary Steps to Take Before Buying a Foreclosed Home

4 Precautionary Steps to Take Before Buying a Foreclosed Home

If you have started looking at foreclosure listings in Calgary, it’s important to understand the inherent benefits involved in buying a foreclosed home: The lender is eager to recuperate their loss and will want to sell the property quickly. They may sell it at a lower price than it was…

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4 Benefits of Working With an Agent When Buying a Foreclosure

4 Benefits of Working With an Agent When Buying a Foreclosure

Looking at Foreclosure Listings in Calgary? We Can Help You Find Your Dream Home! Don’t know the difference between a judicial sale or bank owned foreclosure? Are you having difficulty negotiating a price for your new home? At Mel Star, our team takes care of all the big and small details, so…

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6 Myths About Buying a Foreclosure Debunked

6 Myths About Buying a Foreclosure Debunked

Some of the steps that you have to go through in order to make such a purchase, include: Browse available foreclosure listings Find a lender and discuss REO financing Work with a real estate agent who understands bank-owned foreclosures Get an appraisal on your ideal property Make an…

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5 Key Facts About Buying a Foreclosed Home

5 Key Facts About Buying a Foreclosed Home

This can have many benefits, including: Better opportunities for negotiating Seller is motivated to achieve a fast sale You can typically use regular mortgage financing The seller might be more amenable to provide certain concessions We Can Help You Find Your Dream Home at a…

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 5 Benefits of Buying a Foreclosed Property

5 Benefits of Buying a Foreclosed Property

We Can Help Take Care of All The Details Don’t know the difference between a judicial or bank owned foreclosure? Are you having difficulty negotiating a price for your new home? At Mel Star, our team takes care of all the big and small details, so you can focus on what matters most: investing…

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4 Perks That Come With Downsizing and Smaller Living

4 Perks That Come With Downsizing and Smaller Living

You may want to consider downsizing if you’re: Having financial struggles Finding it difficult to move around your current space An empty nester with too much empty and unused living space Considering changing your lifestyle 4 SIGNS YOU SHOULD CONSIDER DOWNSIZING   Our…

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5 Things All Empty Nesters Must Know About Downsizing

5 Things All Empty Nesters Must Know About Downsizing

If you are on the fence about downsizing, you’re not alone! A significant number of Canadians, whether empty nesters or not, are considering downsizing. And for a good reason. Many individuals who are considering moving into a smaller home are people who: Recently found that their home has…

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4 Benefits of Downsizing When You Are an Empty Nester

4 Benefits of Downsizing When You Are an Empty Nester

Having the home to yourself can allow you to: Rediscover your old passions Take up a new hobby Rekindle your relationship with your spouse Travel and take more vacations Our Knowledgeable Calgary Realtors Can Help You Downsize and Find Your New Dream Home Downsizing and finding…

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 4 Surprising Facts About What it Means to Downsize in Alberta

4 Surprising Facts About What it Means to Downsize in Alberta

Some of the financial benefits you may experience from downsizing include lower: Mortgage payments Energy bills Property insurance Maintenance and repair costs   Our Experienced Calgary Realtors Make Downsizing Easy At Mel Star, our team of Calgary realtors has over 40 years…

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The Senior Friendly Guide to Downsizing

The Senior Friendly Guide to Downsizing

This can be due to a number of reasons, including to: Simplify their lifestyle Cut costs Be closer to their children and grandchildren Address changing medical needs Looking to Downsize? Our Calgary Realtors Can Help You Find the Perfect Space Whatever the reason, downsizing can…

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Mel Star Calgary Real Estate Market Report: June 2019

Mel Star Calgary Real Estate Market Report: June 2019

  June Trends The month of June did not bring a lot of significant changes in the market and has behaved as expected. Here are some favorable trends:  Inventory levels continue to decline, meaning there were fewer new listings for June. Since there has been an over-supply of…

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 3 Things Empty Nesters Are Looking For in a New Home

3 Things Empty Nesters Are Looking For in a New Home

The Future is Yours  As an empty nester, your time, your future, and your life is yours to create. If there is something you’ve always wanted to do, be it travel, go back to school, or even write a book, now is the perfect time to reinvent yourself and achieve some of those dreams you’ve…

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4 Signs You're Ready to Downsize Your Living Space

4 Signs You're Ready to Downsize Your Living Space

  Moving homes, especially when you are downsizing, can be a difficult and challenging transition. However, relocating from a larger house to a smaller and more simplified living space as you age can have many benefits including:  Lower cost of living  A better quality of…

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The Main Difference Between Judicial Sales and Foreclosures

The Main Difference Between Judicial Sales and Foreclosures

Our Calgary Real Estate Agents Help You Find Your Dream Home Buying or selling a home in today’s market can be a huge challenge. Our team of Calgary realtors have over 40 years of experience and we are the # 1 real estate team in Calgary’s RE/MAX Central office, the world’s top-producing…

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5 Tips First-Time Home Buyers in Calgary Need to Know

5 Tips First-Time Home Buyers in Calgary Need to Know

5 Tips First Time Home Buyers In Calgary Need To Know 1. Use an Agent Researching housing markets and prices on your own is a good way to get started, but it is always wise to get an agent to help you with the buying process. The Mel Star Team knows there's much at stake for a…

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Top 5 Considerations When Buying a Home in Calgary

Top 5 Considerations When Buying a Home in Calgary

1.    Location The location of your home is a key factor and must suit all your needs. This includes surrounding areas like schools, parks, grocery stores, etc. It’s also a great selling point, and while you may not be thinking that far ahead, being aware of this is critical when purchasing…

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