I am beginning to see more listings for foreclosures and judicial sales and also beginning to receive more inquiries regarding these types of listings. In 2015 the residential market saw exceptionally low record foreclosure rates so we aren't as used to seeing them. As such, here is a bit of information about what to expect.


Judicial listings are those where a property is being sold by order of the court. The owners on title are often in financial hardship, part of a dispute or some other court matter. In the case of judicial listings, the property owners still remain on title and most often live at the property.


Foreclosure listings are those where the property title has been transferred to another party such as a bank, lender or lawyer and they are selling the property. These properties are often vacant.


Some things to consider:
1. These properties are often marketed at close to market value. Careful review of pricing is needed as they aren't always a great deal.
2. A real property report (RPR) is often not available to buyers. They purchase at their own risk in most cases.
3. Condo documents are often not available to the buyers. Buyers have to access these documents at their own cost in most cases.
4. The property is often sold as is/where is on the day of possession with little or no property history available. The buyer must accept this condition.
5. Offers on these properties are presented in court and are public documents. Most often offers are required to be without any conditions such as financing or home inspection. It is very important to speak to your own lender when considering such a property as your approvals need further review and to be prepared prior to making an offer.


A couple other items only apply to occupied properties or where owners are still on title:
6. Access can be difficult and owners may or may not be at the residence.
7. Owners on title can pay down their mortgage and keep the property up until the day they are no longer owners.
8. Be respectful. You never know someone else's situation.


If you wish more information just contact me directly.

Post CommentComments: 0Read Full Story

Hi everyone and Happy 2016! I wish you all the very best and a great full year of happiness, good health and a great adventure or two.


The Alberta government could have used the recent Powerball jackpot to offset revenue loses from our oil and gas industry but I doubt they bought tickets. :)


While we are all busy trying to go about our business and have a great 2016, the news is going to make us think it is the end of the world economically. It's not. I mean, it's not great, but we will can still have dinner with our family and be content in our warm homes. We will face some challenges, but we are strong willed and as hard working Albertans, we that know the roller coaster goes down and it goes up. We just don't know how long the ride is.


There are a whole lot of folks out there, first time buyers and investors especially, waiting to time the market for the low and the perfect purchase. But compared to what? We have such short memories. That's going to be rather hard to predict, but when the bell goes they will all flock. In the meantime, it's time to get connected to a great realtor to help you sell your home or find the right one. Selling is about timing, strategy, pricing and presentation. It takes some hustle to get things going and knowledge about your home and market segment.


While some folks are waiting for the perfect time, life goes on. Folks get married, have kids, kids move away, the snow gets annoying in the long driveway, maybe you won the lottery, may you want to downsize, or you might need a home office. Whatever the case may be, you still need a home. Give me a call and I will do my very best to help you achieve your goals and keep you well informed as we ride out an overly interesting start to the year.


You can reach me directly at 403 850 2446 or via email at monika@monikafurtado.com

Post CommentComments: 0Read Full Story

As of yesterday the changes to Calgary Zones and Communities was published and the neighbourhoods page and other search functions have now been updated.


There are now 8 zones rathar than 4 and many community names were updated to be in line with the City of Calgary neighbourhood naming and boundaries.  As such there have been many changes on the website to match. 


Should you find any issues or wish specific information please contact me anytime and I will make sure you have the information you need.

To view the changes please visit the neighbhourhoods search.

Post CommentComments: 0Read Full Story

Top floor two bedroom and two bathroom corner unit in Calvannah Village of Arbour Lake. This bright and spacious unit takes advantage of the corner with lots of windows and a great layout. The entry is private with the remaining unit not visible from the door. The short hall opens up to a large open kitchen, dining room and living room. The kitchen offers many cabinets for storage and ample counter space. Open to the living area, the layout is great for entertaining visitors and family. Large windows run along the entire back wall. To the right is the second bedroom, a full bath and around the corner a spacious master bedroom with separate ensuite, walk thru closet and a city view. Insuite laundry. Underground parking and storage. Exceptionally clean and well cared for, this unit is move in ready. Please contact your Realtor to book your private showing. Age restrictions apply in this complex.


Full property details for 2304 - 928 Arbour Lake Road NW



Post CommentComments: 0Read Full Story
Data supplied by CREB®’s MLS ® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
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.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.