Get Paid to Purchase a Calgary Home

Our zero down program is a great option for home buyers, but we want to make it even better. Find out how you can get a $1,000 prepaid MasterCard at closing.

Want to sell your home? Get a FREE home value report 
Want to buy a home? Search all homes for sale

Today I wanted to follow up on our last video about our zero down payment mortgage program.

Our zero down program is a great option for home buyers. Most people didn’t know that this option existed, and that’s because most lenders don’t offer it. However, we have two that we can help you out with.

We want to take that program and make it even better. That’s why we are offering a prepaid MasterCard to buyers who work with our real estate and mortgage brokerages. That’s right, if you work with our mortgage team and our real estate sales team, we will give you a prepaid MasterCard worth $1,000 at the closing table.
You can get a $1,000 prepaid MasterCard at closing.
Not only can you purchase a home with zero money down, but we will pay you $1,000 to buy your next home.

If you have a great credit score and a great income but haven’t saved up for your down payment, come chat with us. Now is a great time to take advantage of the lower home prices out there in the Calgary market. We will put money in your pocket to purchase a home.

If you have any questions about this program or about the home buying process, give me a call or send me an email. My team and I would be happy to help you!

Important Mortgage Rule Changes That Just Went into Effect

October 17th marked the beginning of some important changes to the mortgage process in Canada. If you are putting less than 20% down, you'll have to qualify at the Bank of Canada interest rate.

Want to sell your home? Get a FREE home value report 
Want to buy a home? Search all homes for sale

There are some new mortgage rules that just went into effect here in Canada that we wanted to discuss with you today. We have known about these changes for a while, but they just went into effect on October 17th.

Before these changes happened, you could qualify for a lender’s best rate when applying for a mortgage, which in some cases was down near the 2.3% range. However, this rule has changed and now you will have to qualify at the Bank of Canada rate of 4.65%.

Of course, this change only affects buyers that have less than 20% to put down. As we understand it, anyone who can put down 20% or more on their mortgage is not subject to these rule changes.

These changes will affect many buyers.
The previous government had brought in a similar rule change, but it only affected a certain segment of the market, such as those with a three-year term or variable interest rate mortgage. Those people had to qualify at the Bank of Canada rate of 4.65%. With this change, all those who put less than 20% down will have to qualify at that same rate.

It makes sense that the government is doing this, because they don’t want a repeat of what happened in 2007 and 2009 in the United States with the subprime mortgage crash. At the end of the day, it’s going to have a direct impact on a lot of people, taking them out of certain price points or forcing them to buy a condo instead of a single-family home, or an apartment condo instead of a townhome. This could also lead to a lot of buyers sitting on the fence until they have more money to put down.

How will these changes affect sellers? Well, if you have planned on selling and buying a new home or want to pull out some equity in your home for renovations, you are going to have to qualify at that 4.65% rate too if you don’t have 20% to put down.

This is a pretty brief overview of the changes. If you have any questions about them or questions about real estate in general, give me a call or send me an email. I would love to hear from you.

Is it Possible to Get a Home with 0% Down?

Many people seem to think that 100% financed mortgages are just a myth. We’re here to let you know that paying 0% down is not a fairytale; it’s reality.

We have a program within our reach at MortgageLine to help you do this. It’s called a “flex down program.” It allows you to borrow the funds for a down payment and purchase a home without having to go through the time and trouble of saving up.

This product is not one big mortgage, however. With this product, you get your mortgage for 90% to 95% of the purchase price, then add on an unsecured line of credit to make up the difference. You will get all the money to buy the home up front, and then pay it back in monthly installments.
This could be a fantastic product for you.
One thing to note, however, is that this program is not just for everybody. It’s for those with good debt-to-income ratios and credit scores above 680.

One other thing you should know about this product is that if you do move forward with 100% financing, your application will be very thoroughly reviewed and scrutinized. If you bring a little bit of skin into the game, even just $1,000 to $2,000, it can help make the process easier. This could be a fantastic product for you.

If you have any questions for us or you’re interested in this program, give us a call or send us an email. We look forward to hearing from you!

Essential Calgary Home Buying Tip No. 4: The Offer

Want to sell your home? Get a FREE home value report 
Want to buy a home? Search all homes for sale

There are five essential tips to for buying a home in Calgary, and today we’re on number four.

Check out the three previous steps here: Step 1, Step 2, Step 3.
Step four is the offer on the home.

A couple of things to note about making an offer on a single-family home or a condo - we want the offer to be as clean as possible. This means we don’t want a lot of terms and conditions. That said, there are a couple standard terms that I always have in my purchase contracts with my clients, like a walkthrough 24 hours prior to possession, a home inspection at the buyer’s expense performed by a licensed professional to the buyer’s satisfaction, and other things depending on the state of the home. These can be things like carpet cleaning.

A couple of standard conditions would be financing, as well as the home inspection. We never recommend going in without any conditions whatsoever. If you have an agent recommending that you go in without a financing condition or make an offer without a home inspection condition, I’d suggest that you walk away immediately, regardless if you’re competing for the property. You don’t want to deny yourself the opportunity to get out of a contract if something happens along the process.

Finally, determine what the possession day will be. It’s always negotiable. We want to be sure we’re working with the seller to achieve a possession date that’s going to work for everybody. Then there are other components to the contract like deposit and down payment, and then the offer itself.

Hopefully, this gives you a better picture of the offer! If you have any questions, make sure reach get in touch with us soon. We look forward to hearing from you.

We Can Help With Your Real Estate Needs

Want to sell your home? Get a FREE home value report 
Want to buy a home? Search all homes for sale

Welcome to our new clients! Thank you so much for working with us. We’re so happy and grateful to have you on board with us. Because you might not know already, we offer a few different, unique services in the surrounding community.

We run a sales brokerage with 12 experienced members. In fact, it’s the only team-based brokerage in Calgary. We provide you with top-notch service you can’t find anywhere else in the area.

Additionally, we run an in-house mortgage company called MortgageLine. It hosts a team of seven talented professionals that work together for clients’ borrowing needs. For instance, we can help you refinance your home and pull the equity from it. Perhaps you need to be prequalified for your next property.

We’ve helped dozens of clients in the area. We’d love to help you, too! If you have any real estate questions, give us a call or send us an email. Let’s talk soon!

Do You Want to Become a Calgary Homeowner?

Want to sell your home? Get a FREE home value report 
Want to buy a home? Search all homes for sale

We have a great program here in Calgary for people that are thinking about becoming homeowners. We call it our Tenant Transition Program, and it’s geared to create homeowners out of our tenants.

We have a wide breadth of service here, and to qualify for this program you need to have a Realtor, and you need to get qualified for a mortgage. What we do in the Tenant Transition Program is to let you out of your lease at any point in time without any charges or marketing fees. You will also not have any additional obligations towards the balance of your lease.

Does this sound too good to be true? It’s not!

You will have to work with one of our Redline buyer representatives to help find a home, and you have to be qualified through a Mortgage Line mortgage associate.

This is our way of giving back to you4. We want you to be educated as a homeowner and fully understand the responsibilities of being a homeowner.

Many of our tenants have gone through this program and they are now happy homeowners. Owning a home is so much better than renting, and homes are unbelievably affordable right now!

Please don’t hesitate to talk to us about this program. We would love for you to find you a good place to call home!

One Way to Make Your Transaction Pain-Free

Want to sell your home? Get a FREE home value report 
Want to buy a home? Search all homes for sale

You’ve made it to our $1,000 Mastercard promotion! Thanks for clicking, we promise this is not spam. We want to offer you something nice just for working with us.

It’s very simple and there is very little fine print here. This is a giveback from us here at Redline Real Estate Group and our Mortgage Line Mortgage Team. Upon closing, we want to give you the $1,000 prepaid card when you work with one of our experienced buyer’s agents or one of our seasoned mortgage brokers at Mortgage Line.

Our companies are synergized together and we just want to make the experience as easy as possible for you.

Just click this link (need a link) and let’s get this party started!

Redline Is There for You When You Need Us

Want to sell your home? Get a FREE home value report 
Want to buy a home? Search all homes for sale

My name is Darren Langille and I’m the CEO of Redline Real Estate Group. I know this is our first interaction together and you reached out to us because you are looking to buy or sell in Calgary. I just wanted to give you a quick little overview of how we do things here at Redline and how we like to align ourselves with clients like yourself.
A typical real estate brokerage or Realtor will be there to help you buy, sell, or invest in your next home. What we know at Redline is that when you have decided to do this, you’re making a major life decision and will be undergoing a major life transition. We want to help you with that.

I hope that statement alone resonates with you because it shows the depth of which we care. Whether you’re buying your first home, second home, downsizing, upgrading, or investing, we get it. We know this is a huge decision and I want you to know you have a company here at Redline real estate group that is invested in this decision. If you have any questions, please reach out to me by phone or email. I hope to hear from you soon!

We’re Here for More Than Helping You Buy or Sell

Want to sell your home? Get a FREE home value report 
Want to buy a home? Search all homes for sale

My name is Darren Langille, CEO of Redline Real Estate Group. I wanted to send you this message for a very specific reason. I know you’re in the market to buy or sell a home in Calgary, and that’s a big deal to us. The typical company will be there to simply help you buy or sell. We look deeper than that.

When you’re looking to make a move like this, you’re undergoing a major life transition. We see this transition as more than just a transaction. We see it as our responsibility in helping you through this transition, and it’s something we take to heart.

I hope this message resonates with you. It’s the first we’ve had together, but I hope it shed some light on your perception of how we help our clients here at Redline. Have a great day, and I look forward to talking with you soon.

Essential Home Buying Tip #3: Buy for Your Lifestyle

Want to sell your home? Get a FREE home value report 
Want to buy a home? Search all homes for sale

Today, I want to touch on another of our five essential home buying tips. Tip #3 is Buy for Your Lifestyle. This is a big one that often times gets overlooked.

The typical homeowner will trade a house in Calgary every five years or so. When looking for a home, you need to be mindful both of what you’re looking for today and what you might want a few years down the road. Few buyers are able to use that kind of foresight when buying, but it’s crucial to keep in mind how you anticipate your needs to change in the coming years.

It’s not uncommon for people to get emotional when buying, but it’s crucial to try your best to keep a level head. In fact, I want to challenge you to take a step back and really focus on what your life is like now and what your plans are in the next five years. Are you planning on starting a family? Are you planning on having your parents or inlaws move in? These are just a few of the many things you need to keep in mind when you’re buying!

Our goal is to help you buy right the first time in order to limit the additional costs that might come when you try to sell down the road. We will set expectations up front and help you envision your future as best as we possibly can in order to help you make the right purchasing decisions here in Calgary.

If you have any questions about how we can help you find the right home for you and your family, please don’t hesitate to reach out to us. We would love to assist you in any way possible.

Do Your Research Before You Buy

Want to sell your home? Get a FREE home value report 
Want to buy a home? Search all homes for sale

Thanks for joining us today. As promised, we are going to continue with our series of five essential home buying tips. Today is all about tip number two: Do your research!
For those who know me and have worked with me in the past, this is very near and dear to my heart. Not all Realtors, or real estate brokerages, are created equally. For those who have not worked with one of us at Redline, I’ve come up with these three questions that you should use when you’re interviewing Realtors in order to find the best one for the job.

1. How has your business changed over the last few years?
The answer to this question will tell you a lot about your agent. Are they going to be asking a lot of questions in response, without answering yours? The industry has changed so much in the last 3-5 years, their answer should be “almost everything.” How we find homes, how we buy homes, and how transactions are completed have all changed. There is very little that remains the same.

2. What is your experience level?
The number of years someone has worked in a given field doesn’t always tell you what their experience level is. It’s all about what your Realtor is doing today. Have they worked with investors or invested in real estate themselves? The true experience comes from being out there and being involved. From being a fully-fledged Realtor as opposed to just a salesman. The more experience, the better.

3. How will we work together to help me find a home?
Is the agent simply going to tell you, “We’ll set you up with a home search and you let us know the ones you like.” If that is their only answer, just run. Your agent needs to be proactive in finding your home, whether it be by calling other agents to find listings, checking expired listings, or FSBO properties.

Of course, there are a lot of questions you should be asking a potential agent, but these are the three I wanted to share with you today. They will give you a clearer picture as to whether you’re hiring the right person or not. Next time, we’ll be back with tip number three! If you have any questions for us before then, give us a call or send us an email. We’re always here to help!

The First Thing to Do When Buying a Calgary Home

Want to sell your home? Get a FREE home value report 
Want to buy a home? Search all homes for sale

Buying a home in any marketplace requires a careful plan, attention to detail, and a group of supporting team members to ensure your success. This is even more important in the current Calgary marketplace, so we’ve decided to put together 5 essential tips for you so that you are fully prepared to buy in Calgary today! We’ve got tip number one for you today: Get pre-approved.

Even today, it surprises me how many people are going out into the market looking at homes at price points that they’d love to be in but they haven’t even figured out if they can afford it. It’s important that you take a step back and go through the pre-approval process. When you’re out looking for a home to buy, you want to know exactly what you can afford so that you can speed through the process with ease.

A true pre-approval requires much more than a quick phone call. To make sure you’re fully pre-approved, you need a lender to look at all of your financial information, a fairly lengthy set of documents, so they can assess your situation. These are things like pay stubs and tax returns, which need to be filed and up-to-date. The “paperwork shuffle” as we like to call it isn’t a lot of fun, but it’s an important thing to go through. 

We suggest shopping for a mortgage through a broker rather than a bank, for a few different reasons. The broker is going to shop your financial situation across dozens of lenders to find your best rate and situation. Your bank will offer one set of services, and one set of rates. It only makes sense to do your due diligence, and see all the options available to you. 

There you have it, tip number one for being fully prepared to buy in the Calgary market. We’ll be back soon with steps two through five, keep an eye out for them! If you have any questions for us in the meantime, give us a call or send us an email. We would love to hear from you!

What do Dragons and Sharks know about the Calgary Market?

Want to sell your home? Get a FREE home value report 
Want to buy a home? Search all homes for sale

Have you noticed the doom and gloom that is all over the media’s coverage of real estate? Kevin O’Leary, one of the stars of ABC’s Shark Tank, recently blasted the Canadian real estate market on air, calling it a bad investment to purchase a home.

One of the reasons he stated for his distrust of real estate is an 8-12% cost for buying or selling a property. The first reason this statement isn’t quite accurate for us is that, here in Alberta, we do not have land transfer fees. When you’re going to sell your property, are there commissions? Is it going to cost you money? Obviously, yes, there are certain costs involved with selling real estate anywhere in the world. As a buyer, however, you do not have to pay your real estate broker when you find a home -- that is always on the selling side of the transaction.

Obviously, to say that it is expensive to buy or sell real estate in Canada is a bit of an overstatement. In the same interview, O’Leary predicted that the real estate market is going to be flat in the next five years and that it’s going to be difficult to gain any positive appreciation. According to research I’ve done on median pricing and average pricing in Calgary since 2008, we’ve seen an increase in median single-family home price of 18%! The average price of single-family homes increased by 20% in the same period of time! Obviously, the evidence seems to show that home values are not only appreciating, but doing so at a high clip.

It’s important to take the advice of doomsayers with a grain of salt. Getting worked up about the market helps ratings, but it isn’t very helpful for buyers and sellers. The market is perfect if you’re looking to take advantage of the equity you’ve built in your home, and you don’t have to worry about not getting a return on your next one.

Are You Wasting Your Hard-Earned Money on Depreciating Assets?

Want to sell your home? Get a FREE home value report 
Want to buy a home? Search all homes for sale

Did you know that your home is an investment? When you purchase real estate, you are purchasing an appreciating asset. That is, it’s going up in value over time.

Contrast this with other items you buy that are constantly losing value: cars, clothes, and electronics. There’s always something shinier and newer coming out, but you seldom have anything to show for those purchases after a few years.

In 2010, the average price of a home in Calgary was $474,000. In 2015, that number was $542,000, for an average annual appreciation rate of about 2.3% per year. It usually takes a 5% down payment to buy a home, so in 2010, a buyer would have had to have access to $23,700 to buy an averagely priced house. That $23,700 down payment allowed the buyer to acquire an asset worth $474,000; that asset then appreciated for five years at 2.3% to eventually be worth more than $68,000 than what the buyer originally paid. If you take $68,000 over $23,700 would be a total return of about 287%, almost tripling the original investment. By almost any standards, that is a fabulous return! 

This high return on investment highlights two key factors, appreciation and leverage, that allow you to use real estate to put your money to work for you, and achieve impressive results! If you would like to take advantage of homeownership, give us a call or shoot us an email. We would love to help take advantage of the Calgary market!

What's New at Redline?

Want to sell your home? Get a FREE home value report 
Want to buy a home? Search all homes for sale

Today we just wanted to give you a quick update on what's new with us at Redline Real Estate Group. We've had a lot of changes recently, and we wanted to share some of them with you. 

For those of you who have been with us for a while, you've seen the evolution of what we have been able to offer to our clients. Right now, we are proud to announce that we are Calgary's second-largest real estate sales team by agents. Right now, we have 13 agents who are helping our clients achieve their buying and selling goals. 

Our team has grown from a core of 4, to a core of 8, to our current dynamic team of 13. In addition to our agents, we have a team of full-time staff of admins, tech specialists, graphic designers, and web designers. We are the most robust real estate selling solution in Calgary.

We have also coined ourselves as Calgary's most comprehensive sales team. A big part of our business is investor-driven, and our team is extremely experienced with buying and selling. We are selling homes an average of every 2 days, and our agents are in-tune with the market. With things changing all around the world, and those changes impacting our real estate market, you need someone in the know. That's our team.

Finally, we have been revving up our marketing, especially for luxury homes. When we represent these properties, what we do for you is second-to-none in the area. We are willing to invest into your listing to make sure your property sells as quickly as possible at the price you want.

So, that's what's been happening with our team as we launch into 2016. Even with a sales volume decline in the market last year, our team's sales volume went up by 50%. We are going to continue that success in 2016 and make sure your transition is a win.

Keep an eye out for more news coming up about a buyer seminar we are hosting. It's about half-full right now. If you have any questions about that or anything else real estate related, give us a call or send us an email. We look forward to hearing from you!

What Can You Expect from the Calgary Market in 2016?

Want to sell your home? Get a FREE home value report 
Want to buy a home? Search all homes for sale

The new year has begun here in Calgary! I hope you had a happy holiday season with your friends and family.

Today's topic is the opportunity knocking in 2016. I want to start with a few quotes from Warren Buffet:

"Price is what you pay, value is what you get. Whether you're buying socks or stocks, I like buying quality merchandise when it is marked down."

"Be fearful when others are greedy, and be greedy when others are fearful."

How do these quotes apply to us? Local, national, and international markets are expected to remain pretty much the same as they have been lately all the way through 2016.

We grew our company in the years 2008-2010 as a business and we also grew our business portfolios. These were some of our best single-family and multi-family investments and we were able to place our clients in the best possible equity position during those years as well. This was all during the market downturn!

What am I getting at? Well, 2016 is an opportunistic time for a number of reasons. Sales will be down again and optimism will be scarce. People are feeling fearful and many others are running far away from real estate. Those who step up to the plate and make acquisitions during this time of uncertainty will be greatly rewarded in 2016!

We've always said that real estate is a medium and long-term play. We can't time the bottom of the market, but we have a feeling it's going to be sometime this year.

If you want to discuss how to capitalize on this market this year, please don't hesitate to reach out. We want to get your wheels turning so you can make a profitable purchase this year. We have a lot of insight we would love to share with you, and look forward to hearing from you soon!