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All Blog Entries by Matthew Dekort

Found 14 blog entries published by Matthew Dekort.

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 Alberta introduced new regulations on November 25, with the biggest change was a further restriction of social gatherings. Covid is a serious threat.

As an agent, can I show safely? YES. Is it safe to sell your home? YES. Safe to buy? YES.

Watch this short 5 minute video to learn the protocols and safety steps that we, as Alberta Real Estate agents, members of the Calgary Real Estate Board (CREB), and MaxWell, take to keep you safe.

Here is the newest Alberta Covid announcements:

https://www.alberta.ca/coronavirus-info-for-albertans.aspx Alberta Real Estate Association's (AREA) practice tips for agents:

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Credit: Secrets to Unlock the Bank's Vault

 

As an agent, I have helped MANY clients purchase their first home, and have learned what the banks want. If you think you have ANY issues getting approved to purchase your next home, watching this credit video (and my other videos) will help tremendously towards your future purchase. When your normal banks won't grant you credit, I suggest:

  1. A SECURED card: https://www.capitalone.ca/credit-cards/guaranteed-mastercard/  or https://www.hometrust.ca/credit-cards/secured-visa-card/ 
  2. After this, I suggest cards from a variety of retailers. Retailers are keen to help you shop in THEIR stores; store specific cards are generally easier to get than "main stream" cards. Many retailers offer co-branded
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When you are buying your new home, you are faced with a bewildering array of specs, guidelines, options, and pricing. Some builders take advantage of this, and put in something that LOOKS like what you've come to expect.  One of the substitutions COSTS the builder less, but COSTS you much more in the long run.  Hot water heaters:

 hot water heaters

 

Notice any differences?  Let's eliminate the tankless and the small units (more for offices), and show just 2 options:

electric and n.gas tanks

They LOOK almost identical.  The biggest difference is one is ELECTRIC and the other is NATURAL GAS.  If you aren't paying attention, you won't notice the lack of exhaust or the missing gas line on the electric.

The electric one is cheaper to buy (Rheem 40 Gal electric is $448 @ Home

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I wanted to explore a little more the FINANCIAL ramifications that Slokker's redevelopment of Lakeside Greens COULD have on the people living in the area.  Short answer, likely a $39 000 price plunge; could be as high as $61 000.  OUCH.

Lakeside Greens golf course in Chestermere is partnering with Slokker to redevelop the course. Essentially fairways to townhomes. IF the city agrees, the price plunge could cost families an average of $39 000 per house (or MORE).

I want to emphasize that the redevelopment is NOT approved by Chestermere, and active community involvement will help craft the guidelines under which council approves any redevelopment, and the final plans.  I encourage anyone in the area to become active in this matter.  Too much

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It turns out that some common advice that almost all agents, including me, have been wrong about over the decades is the wisdom of purchasing on a golf course WITHOUT examining how financially solvent that course is. Every year it seems another course in the Calgary area fails; a whole host of reasons.

 Join me as we explore the recent past of some course, and the most recent golf course announcement (fall 2020).

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 Clients have asked me if I've seen an uptick in people wanting to move to rural, small town Alberta. It might make sense for some people, either as they've realized they might not NEEDED at their desk, are worried about Covid, want a slower pace of life, or simply the savings that come with leaving the big city.

 I explore the various options, how I'd choose which towns to live in, and what you could get buy for a LOT less than your current home is likely worth.

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JayMan is the first major builder in Alberta that has fully endorsed solar. Kudos to them for taking a big step. And it's gotten lots of press coverage, along with all the sales people in the showhomes pushing it as a feature.

 

But is it worth it?  And, how do we measure what something is worth?

  1. Is it just financial returns
  2. Are you willing to buy for the environment alone (ignoring the disposal and manufacturing of the panels)
  3. Or is it the self sufficiency aspect of knowing that you are WHOLLY reliant on the grid / others?

In terms of the last point, the self sufficiency, I like being self sufficient.  But in Alberta, even the biggest installation that could fit on my roof is NOT going to enable me to go off-grid in December. 

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Not much is written about HOW - TO successfully flip homes in Calgary.  Most agents just point you to some cheap homes, and say, fix them, sell them for more.  I think there has to be more to it.  More science.  More of a guide.  More steps.  So, I set out to start.  This is what I do for my FLIP clients.  Your agent might have other concepts, but this is what I consider advanced.

Here are my rules:

  1. buy in a good location
    1. ensure the home isn't on a major road and/or backs to major road.
  2. focus on the older areas. Think of the homes we grew up in or our grandparents owned.  Typically large lots.  Typically bungalows
  3. use area VALUE CHARTS to quickly identify which areas are possible to flip
  4. next, ensure that even if the value chart
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This post is time sensitive, with implications for your mortgage, cashflow, and credit for April - Sept 2020, all due to Covid-19.

 I am not a medical professional.  I know NOTHING about health.  There are hundreds of news stories out there about Covid-19.  Many more about government actions.  About social distancing.  This is NOT one of those posts.  It should also be noted, that as with everything Covid, the situation is fluid and changing.

 The federal government announced the Covid-19 Mortgage Payment Deferral Program.  Essentially freeing up extra cash flow for mortgage holders NOW, in the middle of the outbreak.  The best page directly from the government describing the program

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The Government Has Made Changes

In the government's never ending attempt to influence the market, control risks to the larger economy (bubbles in Vancouver / Toronto), spur / restrict the economy, encourage home ownership, fund budgets (BC speculator tax), and otherwise create headaches for people wanting to buy, this is a list of the changes wrought to the mortgage industry in the last decade:

Confusing? This is why I stress the importance of using an experienced mortgage broker.  Someone who tracks these changes.  So you don't have to.

 

 

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