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In real estate transactions, a contractual clause called the right of first refusal (ROFR) grants one party priority to match or decline an offer before others. This arrangement, often found in property agreements, allows the holder to secure assets like homes or commercial spaces under predefined terms. For example, tenants might use it to purchase […]
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Discussing rental terms with a landlord can feel intimidating, but it’s a common practice in Canada’s dynamic housing market. Many property owners prefer retaining reliable tenants over facing turnover costs, creating opportunities for constructive conversations. This guide outlines actionable steps to approach these discussions confidently. Timing plays a critical role. Initiating talks before a lease […]
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Understanding the performance of real estate investments requires reliable metrics, and cash-on-cash return stands out as a critical tool for evaluating profitability. At New Homes Alberta, we specialize in helping investors like you navigate these calculations with confidence. Our team brings decades of combined expertise to simplify complex financial concepts into actionable insights. Cash-on-cash return […]
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Purchasing property often involves navigating complex financial terms. One powerful tool home buyers can use is seller concessions. These arrangements allow sellers to cover part of a buyer’s closing costs, making transactions more accessible for those entering the market. In competitive markets like Alberta, concessions reduce upfront expenses such as appraisal fees, title insurance, or […]
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In Canada’s fast-paced property landscape, understanding service fees can significantly impact your financial outcomes. Whether buying or selling, aligning costs with your goals requires awareness of market standards and regulations. The Federal Government’s Competition Act ensures transparency, requiring professionals to clarify that fees are flexible. New Homes Alberta, a trusted local partner, emphasizes that informed […]
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In Alberta’s fast-paced property landscape, buyers face intense competition. A strategic tool gaining traction allows automatic increments to purchase bids when rival offers emerge. This approach helps secure desired homes without overpaying, balancing assertiveness with financial caution. Experts like Amanda McKellar and Kristian Tzenov highlight how multiple-offer scenarios now dominate Alberta’s thriving markets. New Homes […]
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