RSS

I have sold a property at 465 River Heights DRIVE in Cochrane

I have sold a property at 465 River Heights DRIVE in Cochrane on Apr 16, 2024. See details here

Welcome to 465 River Heights Drive, nestled in the heart of Cochrane's esteemed Riversong community. This remarkable home offers the perfect blend of convenience, luxury, and functionality, making it an ideal choice for discerning buyers seeking the ultimate in modern living. Situated in one of Cochrane's most sought-after neighborhoods, this residence boasts proximity to a plethora of amenities. From shopping and schools to recreational facilities, everything you need is just moments away. Additionally, with Calgary a mere 30-minute drive and the breathtaking landscapes of Canmore and Banff within an hour's reach, you'll enjoy the perfect balance of urban convenience and outdoor adventure. Step inside this immaculate 4-bedroom, 4-bathroom home, and prepare to be impressed by its spacious and meticulously designed interior. With nearly 3000 square feet of finished living space, there's ample room for both relaxation and entertainment. The finished basement is a haven for hosting gatherings, featuring a convenient wet bar and cozy in-floor heating for year-round comfort. The main level exudes elegance with its granite countertops, stainless steel appliances, and a family room warmed by a natural gas fireplace. The front living room showcases built-in bookshelves, adding a touch of sophistication to the space. Additionally, a dedicated home office upstairs provides the perfect environment for productivity and focus. The home's thoughtful design extends to its practical features, including central air conditioning, a tankless hot water tank, and a new rubberized front driveway. The spacious 2-car garage offers plenty of storage for vehicles and outdoor gear, ensuring a clutter-free living environment. Retreat to the serene primary bedroom, complete with dual sinks, a walk-in closet, and ample natural light. Outside, the rear south-facing backyard beckons with its tranquil ambiance, providing the perfect setting for outdoor gatherings or simply unwinding after a long day. Don't miss this opportunity to make 465 River Heights Drive your new home. With its unbeatable location, luxurious amenities, and modern comforts, this property offers a lifestyle of unparalleled convenience and sophistication. Schedule your private viewing today and experience the epitome of Cochrane living.

Read

New property listed in Cochrane, Cochrane

I have listed a new property at 465 River Heights DRIVE in Cochrane. See details here

Welcome to 465 River Heights Drive, nestled in the heart of Cochrane's esteemed Riversong community. This remarkable home offers the perfect blend of convenience, luxury, and functionality, making it an ideal choice for discerning buyers seeking the ultimate in modern living. Situated in one of Cochrane's most sought-after neighborhoods, this residence boasts proximity to a plethora of amenities. From shopping and schools to recreational facilities, everything you need is just moments away. Additionally, with Calgary a mere 30-minute drive and the breathtaking landscapes of Canmore and Banff within an hour's reach, you'll enjoy the perfect balance of urban convenience and outdoor adventure. Step inside this immaculate 4-bedroom, 4-bathroom home, and prepare to be impressed by its spacious and meticulously designed interior. With nearly 3000 square feet of finished living space, there's ample room for both relaxation and entertainment. The finished basement is a haven for hosting gatherings, featuring a convenient wet bar and cozy in-floor heating for year-round comfort. The main level exudes elegance with its granite countertops, stainless steel appliances, and a family room warmed by a natural gas fireplace. The front living room showcases built-in bookshelves, adding a touch of sophistication to the space. Additionally, a dedicated home office upstairs provides the perfect environment for productivity and focus. The home's thoughtful design extends to its practical features, including central air conditioning, a tankless hot water tank, and a new rubberized front driveway. The spacious 2-car garage offers plenty of storage for vehicles and outdoor gear, ensuring a clutter-free living environment. Retreat to the serene primary bedroom, complete with dual sinks, a walk-in closet, and ample natural light. Outside, the rear south-facing backyard beckons with its tranquil ambiance, providing the perfect setting for outdoor gatherings or simply unwinding after a long day. Don't miss this opportunity to make 465 River Heights Drive your new home. With its unbeatable location, luxurious amenities, and modern comforts, this property offers a lifestyle of unparalleled convenience and sophistication. Schedule your private viewing today and experience the epitome of Cochrane living.

Read

I have sold a property at 1304 2384 Sagewood GATE SW in Airdrie

I have sold a property at 1304 2384 Sagewood GATE SW in Airdrie on Mar 29, 2024. See details here

Welcome to your new home in Sagewood, Airdrie! This stunning 3-bedroom, 2.5-bathroom townhouse boasts over 1840 sq ft of living space, providing a perfect fusion of comfort, convenience, and modernity. As you step inside, a charming sitting room welcomes you, complete with a built-in TV cabinet for your entertainment needs. Throughout the main floor, beautiful hardwood floors lead you to the heart of the home: the open concept kitchen. With sleek granite countertops, a custom made wine rack, stainless steel appliances, and a spacious dining area, this kitchen is a culinary enthusiast's dream. Adjacent, the family room beckons with its warm fireplace and easy access to the south-facing yard, ideal for relaxation or entertaining guests. Upstairs, the primary suite offers a private sanctuary with a newly renovated 3-piece ensuite bathroom featuring quartz countertops. Two additional generously sized bedrooms share a beautifully renovated bathroom. The fully developed basement adds versatility, offering space for both work and play, with room for an office and gym area, alongside a large separate laundry/storage room. Conveniently located in the vibrant Sagewood community, this townhouse is close to amenities, shopping centers, dining establishments, schools, and parks. Quick access to 24 Street ensures easy travel to Calgary and around Airdrie, making commuting a breeze. With 2 titled parking stalls right in front, don't miss this chance to experience luxurious living in Sagewood. Schedule a showing today and discover your dream home!

Read

The Importance of Real Property Reports (RPRs) in Real Estate Transactions

In the realm of real estate transactions, the importance of Real Property Reports (RPRs) cannot be overstated. They play a pivotal role in ensuring transparency, minimizing risks, and facilitating smooth transactions for both sellers and buyers. Here’s why every real estate transaction should prioritize RPRs over title insurance:

  1. Clear Understanding of Property Boundaries: RPRs provide a detailed illustration of property boundaries, including structures, fences, easements, and encroachments. This clarity helps both sellers and buyers understand the exact parameters of the property, preventing disputes and legal issues down the road.

    Real Property Report
  2. Legal Compliance: RPRs ensure that properties comply with local zoning bylaws and regulations. They reveal any non-compliance issues, such as illegal structures or setbacks, enabling sellers to rectify them beforehand and ensuring buyers invest in legally compliant properties.

  3. Mitigation of Risks: RPRs offer comprehensive information about the property’s physical layout and legal status. Buyers can make informed decisions based on accurate data, reducing the risk of investing in problematic properties. Moreover, sellers can mitigate the risk of potential legal disputes by providing complete and accurate RPRs.

  4. Smooth Transactions: Having an RPR in place streamlines the transaction process by providing all stakeholders with crucial information upfront. This transparency fosters trust between buyers and sellers and expedites the closing process, minimizing delays and uncertainties.

  5. Superior to Title Insurance: While title insurance offers protection against unforeseen title defects, it does not provide the same level of detailed information as an RPR. RPRs offer a comprehensive overview of the property’s physical features and legal status, empowering both buyers and sellers with valuable insights that title insurance alone cannot provide.

In conclusion, Real Property Reports are indispensable tools in real estate transactions. They offer clarity, compliance, and risk mitigation, facilitating smooth and transparent transactions for all parties involved. Prioritizing RPRs over title insurance ensures that buyers and sellers have a thorough understanding of the property, fostering trust and confidence throughout the transaction process. In the dynamic world of real estate, RPRs stand as pillars of reliability and integrity, essential for navigating the complexities of property transactions.

Read

I have sold a property at 307 1818 Mountain AVENUE in Canmore

I have sold a property at 307 1818 Mountain AVENUE in Canmore on Jan 17, 2024. See details here

Welcome to your MOUTAIN OASIS in the heart of Canmore, Alberta at the Silver Creek Lodge! Nestled against the backdrop of the majestic Rockies, this exquisite condo offers an unparalleled living experience with BREATHTAKING MOUNTAIN VIEWS that will leave you in awe. Immerse yourself in the natural beauty of the Canadian Rockies from the comfort of your own home in this gorgeous 2 Bed, 2 Bath, 883 sq ft condo unit. This versatile condo caters to your lifestyle preferences, whether you seek a PERMANENT RESIDENCE surrounded by comfort and luxury or desire a lucrative SHORT-TERM RENTAL opportunity in a prime location - OR a mixture of both, this condo offers the zoning flexibility to do so. The SPACIOUS living area features large windows that frame PANORAMIC VIEWS of snow-capped peaks and lush alpine scenery, creating a TRANQUIL and picturesque ambiance. The well-appointed kitchen is a CHEF'S DREAM, complete with granite countertops, stainless steel appliances, and custom cabinetry. Prepare your meals while enjoying the backdrop of the stunning mountain vistas, making every cooking experience a feast for the senses. RETREAT to the tranquil primary suite, where large windows invite the outdoors in, providing a seamless connection to nature. Wake up to the sight of sun-kissed peaks and unwind in the ensuite bathroom, a spa-like haven featuring luxurious finishes and double vanities. The 2nd bedroom of this stunning condo also offers BEAUTIFUL mountain views through large windows, and it conveniently features access to the main bathroom adorned with a rejuvenating spa tub for the perfect mountain-inspired relaxation. Step onto your PRIVATE BALCONY and savor your morning coffee or evening glass of wine while soaking in the UNPARALLELED VIEWS. The changing hues of the mountains throughout the day create a living canvas that evolves with the rhythm of nature. Located in the heart of Canmore, this condo offers direct access to hiking and biking trails, allowing you to explore the pristine wilderness just steps from your front door. Embrace an active mountain lifestyle with the Rockies as your playground. The condo complex boasts a range of WELLNESS amenities, including a fitness center, spa, hot tub, and restaurant providing you with the perfect balance of RELAXATION and recreation against the stunning mountain backdrop. ENJOY the convenience of being minutes away from downtown Canmore, where you can INDULGE in local dining, boutique shopping, and cultural experiences. Easy access to Banff National Park and the Trans-Canada Highway ensures that adventure is always within reach. This condo in Canmore at the Silver Creek Lodge is not just a home; it's a retreat where mountain living meets modern luxury. Don't miss the chance to make this exceptional property yours. CALL TODAY for a PRIVATE TOUR and immerse yourself in the unparalleled beauty of the Canadian Rockies!! **PLEASE NOTE, PRICE INCLUDES GST**

Read

Open House. Open House on Saturday, November 11, 2023 1:00PM - 4:00PM
Chris with Royal LePage Solutions will be hosting.

Please visit our Open House at 302 102 Stewart Creek RISE in Canmore. See details here

Open House on Saturday, November 11, 2023 1:00PM - 4:00PM Chris with Royal LePage Solutions will be hosting.

Motivated Sellers! Welcome to your mountain oasis in the heart of Three Sisters Mountain Village, Canmore, Alberta! This captivating 2 bedroom, 2.5 bathroom townhouse is a true gem that offers not only comfortable living but also an incredible lifestyle surrounded by nature's beauty. Step inside and be greeted by the warmth and elegance of this home. The open-concept living area welcomes you with abundant natural light, creating a cozy yet spacious atmosphere for you and your loved ones. The stainless steel appliances and quartz countertops in the kitchen perfectly complement the modern design, making cooking a joy. Imagine preparing your favorite meals while gazing at the stunning north-facing mountain views, including the majestic Lady MacDonald, the inviting Grotto, and the scenic Bow Valley stretching eastward. The living room is centered around a natural gas fireplace, providing both comfort and charm during chilly evenings. Gather around with friends and family, create lasting memories, and relish the breathtaking scenery through the large windows. This townhouse offers more than just indoor beauty – step onto the rear walk-out patio and immerse yourself in a tranquil municipal reserve setting. Picture yourself sipping your morning coffee or unwinding with a glass of wine, surrounded by the soothing sounds of nature. With a single-car garage, convenience is at your doorstep. Just a stone's throw away, you'll find the Stewart Creek Golf Course for golf enthusiasts, Our Lady of the Snows Catholic Academy for families, and engaging Frisbee Golf for outdoor fun. The Gateway at Three Sisters commercial development offers dining, shopping, and entertainment options right in your neighborhood. For the adventurers and outdoor enthusiasts, the Canmore Nordic Centre and an array of hiking and biking trails are mere minutes away. Whether you're into skiing, snowshoeing, mountain biking, or leisurely strolls, you'll find yourself in an outdoor paradise. Immediate possession means you can start living your dream right away. Don't miss the chance to call this remarkable townhouse your own. Schedule a viewing today and make Three Sisters Mountain Village your forever home.

Read

Finding Tranquility in Canmore's Silvertip: A Peek into Mountain Tranquility at Silvertip.

Introduction

Nestled in the heart of the Canadian Rockies, the Town of Canmore has long been a destination for nature enthusiasts, adventure seekers, and those in search of a peaceful mountain escape. It's no surprise that the demand for property in this picturesque town has steadily grown over the years. One standout development that's been drawing attention is Mountain Tranquility at Silvertip. Offering a unique blend of luxury and tranquility, this development is redefining mountain living.

The Setting: Silvertip's Enchanting Landscape

Before we delve into the details of Mountain Tranquility at Silvertip, let's set the stage by discussing the breathtaking location where it's situated. Silvertip is a prestigious golf and mountain community, known for its awe-inspiring surroundings. The development offers unobstructed views of the Three Sisters Mountain range, pristine forests, and the Bow Valley. It's not just a location; it's a lifestyle. With numerous outdoor activities such as hiking, golfing, and wildlife viewing right at your doorstep, it's no wonder that Silvertip is a prime location for those who appreciate nature's wonders. 

Mountain Tranquility: A Glimpse of the Development

Mountain Tranquility at Silvertip is more than just a collection of homes; it's a vision of harmonious living amidst nature's grandeur. The homes here are thoughtfully designed to maximize the stunning mountain views, and the architecture seamlessly blends with the surrounding environment. Let's explore what makes this development stand out:

  1. Architectural Excellence: The homes in Mountain Tranquility at Silvertip showcase architectural excellence that harmonizes with nature. Large windows and open spaces allow residents to feel connected with the outdoors, while luxurious finishes and attention to detail create an inviting and comfortable ambiance.

  2. Ample Space: These homes offer generous living spaces, perfect for families or individuals seeking a tranquil mountain retreat. Spacious interiors are complemented by outdoor areas, including decks and patios, that invite residents to enjoy the serene mountain setting.

  3. Sustainable Living: Canmore is a place where people deeply value the environment. Mountain Tranquility at Silvertip development embraces sustainable living practices, from energy-efficient designs to the use of eco-friendly materials, ensuring that residents can enjoy the beauty of the Rockies without harming the pristine environment. 

  4. Community Amenities: In addition to individual homes, this development offers amenities that foster a sense of community. Residents can connect at the clubhouse, where they can enjoy social gatherings, fitness facilities, and more. A sense of togetherness is an essential part of life in Mountain Tranquility.

Living in Silvertip

Life in Mountain Tranquility at Silvertip is not just about your beautiful home; it's about the lifestyle you can embrace. Canmore offers a wide range of activities, whether you're an outdoor adventurer or someone who seeks tranquility through art, culture, and wellness. Here are some activities that residents can enjoy:

  1. Outdoor Adventures: Canmore is a paradise for outdoor enthusiasts. Hiking, skiing, mountain biking, and golfing are just a few of the activities you can enjoy in the Rockies.

  2. Cultural Experiences: Canmore is a town rich in culture, with art galleries, music festivals, and a vibrant local scene that offers diverse cultural experiences.

  3. Wellness and Relaxation: Find your inner peace with wellness activities such as yoga, meditation, and spa treatments in Canmore's numerous wellness centers.

Conclusion

Canmore's Mountain Tranquility at Silvertip is more than just a real estate investment; it's an opportunity to embrace a lifestyle that celebrates the serenity and grandeur of the Canadian Rockies. With a commitment to sustainable living and architectural excellence, this development seamlessly integrates into the breathtaking landscape of SilverTip.

If you're in search of a mountain retreat that marries luxury with nature, then a visit to Mountain Tranquility at Silvertip should be on your to-do list. Whether you're an outdoor adventurer or someone who appreciates the simple pleasure of a breathtaking view, this development has something to offer everyone. Canmore's Mountain Tranquility is where you'll find the perfect balance between the tranquility of the mountains and the comforts of a modern mountain home.

Read

New property listed in Canmore, Canmore

I have listed a new property at 302 102 Stewart Creek RISE in Canmore. See details here

Welcome to your mountain oasis in the heart of Three Sisters Mountain Village, Canmore, Alberta! This captivating 2 bedroom, 2.5 bathroom townhouse is a true gem that offers not only comfortable living but also an incredible lifestyle surrounded by nature's beauty. Step inside and be greeted by the warmth and elegance of this home. The open-concept living area welcomes you with abundant natural light, creating a cozy yet spacious atmosphere for you and your loved ones. The stainless steel appliances and quartz countertops in the kitchen perfectly complement the modern design, making cooking a joy. Imagine preparing your favorite meals while gazing at the stunning north-facing mountain views, including the majestic Lady MacDonald, the inviting Grotto, and the scenic Bow Valley stretching eastward. The living room is centered around a natural gas fireplace, providing both comfort and charm during chilly evenings. Gather around with friends and family, create lasting memories, and relish the breathtaking scenery through the large windows. This townhouse offers more than just indoor beauty – step onto the rear walk-out patio and immerse yourself in a tranquil municipal reserve setting. Picture yourself sipping your morning coffee or unwinding with a glass of wine, surrounded by the soothing sounds of nature. With a single-car garage, convenience is at your doorstep. Just a stone's throw away, you'll find the Stewart Creek Golf Course for golf enthusiasts, Our Lady of the Snows Catholic Academy for families, and engaging Frisbee Golf for outdoor fun. The Gateway at Three Sisters commercial development offers dining, shopping, and entertainment options right in your neighborhood. For the adventurers and outdoor enthusiasts, the Canmore Nordic Centre and an array of hiking and biking trails are mere minutes away. Whether you're into skiing, snowshoeing, mountain biking, or leisurely strolls, you'll find yourself in an outdoor paradise. Immediate possession means you can start living your dream right away. Don't miss the chance to call this remarkable townhouse your own. Schedule a viewing today and make Three Sisters Mountain Village your forever home.

Read

Subject: Unlocking the Future of Real Estate: Generational Support on the Rise

Hello Real Estate Enthusiasts,

In today's ever-shifting real estate landscape, a heartening trend is making waves: baby boomers are stepping up to help millennials enter the housing market. With recent changes to the stress test and the specter of rising interest rates, generational transfers and the gifting of downpayments are taking center stage like never before.

Gifted Downpayments & Co-signing: As the real estate market faces new challenges, the power of generational support shines brightly. Baby boomers are gifting downpayments and co-signing loans, offering a lifeline to millennials who aspire to become homeowners.

What's Behind This Trend? Discover the reasons behind this surge in generational transfers and the impact it's having on real estate transactions in our latest YouTube video. We delve into the evolving dynamics, potential benefits, and what you need to know to navigate this changing landscape.

Watch Now: (The Bank of Mom and Dad)

In our video, we'll cover:

  • Real-life stories of baby boomers and millennials collaborating for homeownership.
  • Insights into how these strategies can mitigate the effects of stress tests and rising interest rates.
  • Expert advice on making the most of generational support while preserving financial well-being.

Join us on (Robb Aishford Canmore/Cochrane Real Estate) for a deep dive into this inspiring and insightful discussion.

Stay informed, stay inspired, and stay ahead in the real estate game. Subscribe, like, and share our YouTube channel to access the latest real estate trends, tips, and success stories.

Thank you for being part of our real estate community, where we believe in building bridges across generations to secure brighter futures in real estate.

Read

The Crucial Role of Accurate Postal Codes in Listings: Avoiding Costly Ramifications

In today's fast-paced world, where online transactions and virtual connections have become the norm, the accurate representation of addresses is more crucial than ever. Whether you're a homeowner, a property buyer, or a business owner, having the correct postal code in all your listings can significantly impact various aspects of your life. In this blog, we will delve into the importance of accurate postal codes and the far-reaching ramifications of not having the correct information, including insurance, mortgages, and proper title registration.

The Foundation of Precise Information

Postal codes, are numerical codes assigned to specific geographical areas. They play a pivotal role in ensuring that mail and packages reach their intended destinations promptly. For any listing, whether a residential property, a commercial establishment, or an office space, an accurate postal code is the foundation of precise location information.

1. Insurance Coverage: Protecting Your Investment

Insurance coverage is one of the first areas affected by an incorrect postal code in a property listing. Homeowners and businesses rely on insurance policies to protect their valuable assets from unforeseen events like natural disasters, theft, or accidents. However, if the postal code needs to be corrected, the insurance company might misjudge the risk associated with the property. This can result in incorrect policy premiums or, in worst-case scenarios, the denial of claims when disasters strike.

2. Mortgages and Property Financing: Securing Your Future

When applying for a mortgage or seeking property financing, the accuracy of the postal code is critical for lenders. Mortgage rates, loan terms, and eligibility criteria often vary based on the property's location. If the postal code is erroneous, it might lead to miscalculations in the property's estimated value, potentially resulting in inadequate financing or loan rejections.

3. Registration of Title: Ensuring Legal Ownership

Title registration is a legal process that establishes ownership rights to a property. Accurate postal codes are fundamental to this process as they precisely define the property's location within a jurisdiction. A wrong postal code can confuse the property's exact boundaries, leading to legal disputes over ownership rights and affecting the property's marketability.

4. Emergency Services: A Matter of Life and Death

Every second counts in emergencies, such as medical crises or fire incidents. Emergency services rely on accurate postal codes to reach the location swiftly and provide immediate assistance. An incorrect postal code could mean the difference between a timely response and a delayed arrival, with potentially dire consequences.

5. Reputation and Business Success

For businesses, whether they operate online or have physical establishments, providing correct postal codes in their listings is crucial for building a reliable reputation. Customers expect seamless deliveries and services, and any inaccuracies in location information can lead to lost trust and negative reviews.

The Solution: Double-Checking and Cross-Verifying

Property owners, real estate agents, and businesses need to double-check and cross-verify location details before listing any property or service to avoid the detrimental ramifications of incorrect postal codes. Utilizing reliable geocoding services and consulting official postal code databases can help ensure accurate information.

Conclusion

In conclusion, accurate postal codes are the bedrock of successful transactions, seamless services, and secure investments. From insurance coverage and mortgages to proper title registration, every aspect of property management relies on correctly representing location information. To safeguard against costly pitfalls, it is imperative to prioritize the accuracy of postal codes in all listings. By doing so, individuals and businesses can ensure a smooth and hassle-free experience while upholding their professional integrity in an increasingly interconnected world.

Read

I have sold a property at 304 191 Kananaskis WAY in Canmore

I have sold a property at 304 191 Kananaskis WAY in Canmore. See details here

Highly desirable floor plan & location in Solara! This spacious 2bed, 2 bath luxury condo is located on the SE corner of the Chinook building & boasts unobstructed south mountain views. Fully furnished, out of the rental pool & generating amazing cash flow via AirBnB. The open concept kitchen, dining and living area is centered by a fireplace wrapped in Rundle stone & extends onto a big deck w/panoramic views. The chef's kitchen is ideal for gathering and entertaining w/granite countertops, central island w/bar stools, high-end SS appliances as well as a bar fridge. The bedrooms are conveniently located on opposite sides of the main living space to provide comfort & privacy to guests. Two large spa-like bathrooms and an in-suite laundry complete the space. The complex has some of the best amenities in town w/heated underground parking, movie theatre, hot tub, gym and a luxurious spa. With contemporary mountain architecture, interior design and décor, this property offers everything one could ask for in a mountain hideaway. Note, list price includes GST and may be deferred under the Excise Tax act.

Read

Shared originally via CREA.

1. The home inspection exposes major issues

Whether you’re purchasing a brand-new build or an older property, getting a home inspection helps uncover defects or repairs that need doing. Minor issues can usually be solved between the buyer and seller, but if an inspector finds large cracks in the foundation or a leaky roof, that could be problematic. 

“That can definitely kill a deal or bring it back to the table for further negotiations or more exploratory work involving a structural engineer,” says Shpak. “Sellers can potentially avoid those problems by having their home pre-inspected before going to market so you can fix minor issues, and if you come across a major one, you could think about how you’re going to tackle it when it comes to the table.” 

The seller’s REALTOR® might suggest disclosing a major issue in the listing and pricing the home accordingly, for example. 

2. Documents reveal red flags 

If you’re purchasing a condominium, you and your REALTOR® should first review documents pertaining to the building, says Shpak. 

“These include depreciation reports, meeting minutes, engineering reports, and financial summaries, and sometimes, depreciation reports can read very poorly,” he explains.

“For example, if you’re looking at a condo in a 10-unit building, you could find out the roof soon needs replacing at a cost of $100,000, but the building’s funding reserve is empty. That means everybody would owe $10,000 for the roof. Depreciation reports can show other expensive items that need replacing, like windows or elevators. This can kill a deal if the costs become too onerous for people to take on.”

3. Financing isn’t approved or a home appraisal doesn’t match the sale price

If you’re not pre-approved for a mortgage, you may not get financing in place—which could tank the sale. Even if you’ve been pre-approved, your bank will need to appraise the home you’re buying before finalizing your mortgage. 

“In competitive offer situations where people’s emotions might get the best of them, the price gets higher and higher and the bank might disagree with the value,” explains Shpak. “That means it’s a shortfall from the agreed-to price, so you can still finance a large portion of it, but to make this sale work now, you’d have to bring more money to the table.”

Buyers unable to afford a larger down payment may back out of the deal.

4. Small details can cause big problems

Sometimes, buyers and sellers agree on a purchase price but then get bogged down on other points like occupancy dates or what’s included with the home. For example, a buyer may want to move into the home quickly, but the seller needs more time. 

“Usually there’s a creative solution to make it work—like the seller does a rent back for a month or longer—but it can spill over to other facets of the negotiation and sour the whole deal,” says Shpak. “Sometimes buyers say, ‘I want all your furniture included’. I always tell clients to leave that off the table and make a good deal happen. Then, after the deal’s done, we can make them an offer for furniture, but keep it separate from the home.”

5. Buyers get cold feet 

Until all conditions are met—a home appraisal and inspection have been done, financing is in place—and a buyer has brought in a deposit that’s at least 5% of the purchase price, a deal is not done and buyers can walk away if they have a reason for doing so.

Get peace of mind by working with a REALTOR® 

With so many steps involved, working with a REALTOR® is extremely beneficial. 

“If you’re working on your own, you don’t have representation to protect and guide you. A REALTOR® looks out for your best interests,” says Shpak. “We carry through the due diligence so you understand exactly what you’re getting involved in, what the costs are and what the process is so you can feel 100% comfortable with every decision you’re making.”

If you’re buying or selling your home soon, connect with a local REALTOR® to make sure you’re taken care of through the entire process—from the expected highs to the unexpected lows. 

Read
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.