Kelly's Articles and Market Updates

When viewing and purchasing real estate, key risks exist that many Buyers do not realize exist and / or how to successfully navigate. Below are Kelly Grant's top 10 important reasons why Buyers should avoid (a). viewing or buying any For Sale By Owner property (i.e. properties not listed by full-service REALTORS®), and (b). why no one, regardless of experience, should attempt to view or buy p ...

Buying an acreage is not without its complications - below are Kelly Grant's top ten important risks that must be successfully negotiated and mitigated by any Buyer (using an experienced Buyer REALTOR®) before finalizing an acreage purchase:(1). Is the applicable GST on land included in the purchase price and the responsibility of the Seller once money is received? (2). Do you know the relev ...

Most Buyers who buy a new home direct from a builder do so without knowing and understanding the additional risks involved. Below are Kelly Grant's top five risks to successfully mitigate when buying a brand-new home vs. a pre-owned home:(1). Financial Risks: The list price advertised does not include 5% GST that is applied to new homes and raw land (but rarely applied to pre-owned homes). In ...

Many inexperienced Buyers mistakenly believe they have the knowledge and expertise to know what is right or wrong with a property from a simple viewing walkthrough. These same Buyers believe they can save $500 to $1000+ by simply not having the inspection. The problem with this approach, however, is ’what you do not know can hurt you’. Below is my list of potential problems with a home that a ...

Some Sellers believe that allowing and marketing for Buyers to assume their mortgage will increase the salability of their property. The problem with this theory is that it takes money to buy and the money must come from somewhere. Below are Kelly Grant's Top Risks to Consider if Allowing your Mortgage to be Assumed:(1). Banks often require that high-ratio mortgages have Seller accept persona ...

Hiring a good real estate lawyer in many cases can be almost as important as hiring a good REALTOR®; a good real estate lawyer can provide outstanding advice and service on the following (but not limited to) topics on a sale or purchase:(a). Real Property Reports and Compliance (including dealing with encroachments, encumbrances, permit issues, negotiating with the municipality, application o ...

When it comes to selling property, regardless of whether it is a hot market; regular market; slow market; or crashing market; Sellers are advised to always research and contact the best available full-service REALTOR® who will provide a detailed property evaluation (usually complimentary) followed by the listing agreement, quality professional advertising, and eventually the sale result for t ...

Many Buyers who might not fully understand the game of golf have thought it would be really nice to live right on a golf course. While living on a golf course has some definite advantages such as great views and winter tranquility, there are some real risks Buyers must be aware of.For starters, for any Buyer that is not a knowledgable golfer, when buying on a golf course is important to find ...

If you are a residential and commercial investment property owner, and are seeking revenue from one or more secondary suites, below are Five Steps Required to Legalize a Basement Suite / Secondary Suite in the City of Edmonton (note: what is supplied in this article is general information only; municipal Bylaws may be subject to change at any time, and readers are encouraged to contact the ap ...