Buying a home will likely be the biggest financial decision you’ll ever make. Calgary’s dynamic Real Estate market makes it challenging to know the best time to buy, and navigating ever-evolving regulations can present challenges for buyers.
The Mel Star team understands that every buyer looking for a home or condo in Calgary is unique and no two purchases the same. We leverage our extensive knowledge of the Calgary Real Estate market to find a home that best suits your specific needs and wants.
The Mel Star team will:
But there’s more involved in purchasing your Calgary home or condo than paperwork and showings, and we guide you through the process with our expert counsel and Real Estate concierge service to manage the logistics.
Let the Mel Star Team guide you during every step of your buying journey - ensuring you arrive at the perfect place to call home.
We aim to bring an elevated service experience to each of our buyers and sellers. We want our clients to feel that they are choosing not just an experienced, high-performing Realtor®, but a team of Calgary’s finest Real Estate professionals and an arsenal of tools to get the job done right. Here are the benefits of working with the Mel Star team:
As home prices soar in many cities, buyers are looking towards foreclosures as an affordable option for landing their dream home. Typically, a foreclosure occurs when a homeowner can no longer make the mortgage payments and either the home becomes a bank-owned property or becomes a court-ordered judicial sale.
When the home becomes a bank-owned property, the home will be vacated, and then offered for sale. When the home becomes a judicial sale, in many cases the owner still has equity in the home and would still occupy the home until court proceedings end and an offer is accepted. Typically, the owner would then have 30-45 days to vacate the property.
Making the decision to buy can be exciting but owning your own home is about more than just being able to decorate any way you like; it's about being prepared to maintain your home over the years, realizing that part of your income and time will go towards repairs and maintenance. It's about being willing to take the risks of homeownership with a realistic expectation of the rewards.
It can be discouraging to find that your salary won't get you every single thing you want in a home. However, sacrificing a huge part of your income just to pay the mortgage can very quickly make homeownership a burden rather than a point of pride. It's better to buy a modest home now and look at purchasing your "dream home" in a few years.
This is something that lenders take very seriously. Debt-to-income (DTI) compares your total monthly debt payments to your total monthly income. Your overall debt payments should not be more than 40% of your income. Your DTI is one way lenders determine if you will be able to make monthly payments and can impact your mortgage rates or approval.
Do you like the idea of cleaning your own gutters? Do you shudder at the thought of lawn care or prefer to go cycling on weekends? Would you rather just pay a fee every month and have everything done for you? Would obeying rules about when you can have your garbage cans out bother you, or do you want to live in a neighbourhood where everything is 'just so'? The answers to these questions can help you narrow down the search for the right type of property for you.
The Mel Star team combines experience, insight, influence, connections, and access to the most cutting-edge marketing technologies to deliver results to buyers and sellers in Calgary’s Real Estates market. Our award-winning team will guide you through the process of buying or selling with smart strategies, skilled negotiations, and a customer-focused approach. Connect with us today to begin your journey to a successful Real Estate close. Call us at 1-403-861-9944.
We are here to help and we'd love to hear from you. Call us at 1-403-861-9944 and we will be in touch shortly!
