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What You Need to Know Before You Buy Real Estate in Calgary

Before You Buy Real Estate

As of September 2023, there is a lack of supply in the Calgary housing market that is pushing home prices higher. As a result, some consumers opt for lower-priced options.

If you are in the market to buy a home, it's important to know what you're getting yourself into and how a Calgary real estate lawyer can help. Keep reading to learn more.

Get the Right Mortgage

The lowest mortgage rates aren’t always the best idea when buying real estate in Calgary. Your mortgage broker will provide options and suggestions that will work for you.

Not only will they provide you with different rates, but mortgage brokers will give you advice on the length of the mortgage, types of mortgages, and your options for paying it down.

Before jumping on the best deal, you can also talk to real estate lawyers to see which mortgage best suits your long-term needs.

Once you find the right mortgage, get pre-approved before shopping for a home. Pre-approvals take the headache and heartbreak out of home buying.

There are buyers who believe they can afford a certain amount but get denied when they put an offer in. Before you fall in love with a property, make sure you know what you can afford with a pre-approval.

Invest in a Home Inspection

A homeowner who puts their home up for sale doesn't have to get a home inspection. Even if they decide to, it's best to invest in your own home inspection instead of taking the homeowner's word for it.

A home inspector will look at key areas that could cost you thousands of dollars in repairs. Some of the key areas include:

  • Roof

  • Electrical

  • Plumbing

  • Foundation

  • Mechanics

Home inspections can cost anywhere from $300 to $800. The price varies depending on the size of the property and the inspection level required.

If any issues are found, make sure your agent has any agreements for repairs in writing between you and the seller. If you have questions about the legality of these agreements, a Calgary real estate lawyer can help.

Ask Important Questions

Being uncertain about anything during the home-buying process isn't a good feeling. That's why you should never be afraid to ask important questions.

A real estate agent and lawyer should do everything possible to educate you. It's important to have professionals by your side to keep you comfortable.

Remember that there is no such thing as a dumb question when you're making a purchase as big as buying a home.

For example, if you have questions about the closing costs in the Calgary real estate market, understanding closing fees and potential expenses will help you down the line.

Having a Calgary real estate lawyer represent you for your real estate purchase can help ensure you are making a sound investment. First West Law LLP can help people like you buy real estate in the area.

Hire a Calgary Real Estate Lawyer

There's no legal requirement saying that you need to hire a Calgary real estate lawyer when buying a home, but it is recommended. The expertise of lawyers at First West Law LLP is


If you want to make a sound investment and avoid devastating financial loss, hire a lawyer who can help.

Request a consultation today to get started.


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