Steven Crews Newsletter - March 2018

Steven Crews - Mortgage Broker | Financial Advisor

BOSI Financial Inc

steve@mymortgagebroker.com
403-870-2669
https://MyMortgageBroker.com

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Foreclosures & Other Interesting Properties

 

Here is our March 2018 List of Foreclosure Properties & Other Properties of Interest:

NE Bank Owned

SE Bank Owned

SW Bank Owned

NW Bank Owned

Judicial Sales

Calgary Handyman Specials

Airdrie Bank owned or Judicial Sale

Chestermere Bank Owned or Judicial Sale

Cochrane Bank Owned or Judicial Sale

Okotoks Bank Owned or Judicial Sale

Outside Calgary Handyman Specials

East Side Suited Homes under $350k

West Side Suited Homes under $500k

Triple Car Garage under $650k

Calgary Luxury Homes over $3.5 million

Outside Calgary Luxury Homes over $3.5 million

If you are considering a foreclosure purchase, please give me a call before you write an offer.  Purchasing a foreclosure is a little different than purchasing a resale or new home.  There can be some lender stipulations and conditions.

If you have questions about any of these, feel free to call/text me (403-870-2669) or send me an email.



The Best Insults In History

 

The extremely witty and much-loved British Prime Minister Winston Churchill tops the list with his verbal spat with Lady Astor. The conservative dame forever admonished Churchill for his cigars and alcohol habits, and Churchill was not one to take the insults lying down.

Of their famous squabbles, the most memorable is when Astor commented, “If you were my husband, I’d poison your tea.” Churchill’s riposte? “Madame, if you were my wife, I’d drink it.”

If you would like to see some famous insults by a variety of well known individuals, click on this link http://allthatsinteresting.com/best-insults-history



Work "Group" Disability Insurance vs. Private Disability Coverage

 

As I have been helping more clients with all their financial needs, I have noticed some things that my clients should be aware of.

This month, let's review Disability.  Many clients have disability coverage if they are an employee of a medium to large company.  It's important that you have this coverage and can protect you and your family if something unforeseen happens.  Some coverage is always better than no coverage at all!

When you have coverage, it's important to read the fine print in your group policy disability coverage so that you know what you are getting from work and how it works.  

Typically, if you apply for disability benefit you won't have too many issues for the first 2 years of coverage. The problem comes in after the 2nd year.  

After 2 years of being disabled, some Work (Group) Disability policies change the definition of disability to "Any Occupation". 

This means that if the insurance company thinks you can make 60% of your income at a job that is somewhat similar, they have grounds to deny your claim.  

Here is a comparison that was done for a client who earns $300k/year in a software company. 

Group vs. Private Disability Coverage

On a side note, if you are self employed, you most likely have close to $0 coverage ($900/month CPP possible) unless you have set up a group policy for yourself and your employees or if you purchased private disability coverage. 

What's the Solution? A Private Disability Policy

If you want to review your current coverage so that you know what you are covered for, give me a call.



Matthew's Hockey Season is Wrapping Up

 

As you can see, Matthew had an accident while playing hockey.  During the last regular game of the season, with only 2 minutes remaining, Matthew was checked and received a buckle fracture near his wrist. 

He's taking the accident in stride, but he was a little disappointed that he won't be able to play during their City Championship run.  His team placed fourth out of thirteen teams in the division and he wanted to keep making a difference on the ice.

Now he has to cheer them on from the sidelines.

On a side note, because of his arm he can't help me shovel the snow!  He usually helps 2 of our elderly neighbors by shoveling their sidewalks and driveways.  Now I had to do all three but I wasn't alone, Lillian came out and helped otherwise I think I would still be shoveling.



High School Basketball Season

 

This is Danielle's last year in High School and her Basketball Team ended the regular season at the top in Calgary and are ranked near the top in the province.

Danielle has had a fantastic season, she has made some lifelong friends and they are all practicing hard to bring home the Championship. 

The image above is taken from a Global News video feature of Bishop Carrol playing in the Western Canada High School Tournament.  Danielle is shooting for 3.

Here is the link to the video:  https://www.facebook.com/lillian.crews/videos/10213815987807649/

City playoffs start Tuesday.  Our family is really excited to go and cheer them on.



Selling your Home? Here's What Home Buyers Look For

 

We all know that different buyers have different wants and needs. For example, families will be looking for homes near good schools and lots of recreational activities.

There are some common features that the vast majority of people are looking for in 2018. Today, bigger isn’t necessarily better - it’s all about whether the house meets the needs of today’s busy lifestyles.

Here are some of the key features that can make a huge difference in the selling price of your home.

Updated fixtures and appliances
Buyers are spending every cent they have on the purchase price of the home, and they don’t want to have to spend more to get it fixed up on top of that. If you live in a home that’s in need of freshening up, some new light fixtures and cabinet hardware will go a long way. If the kitchen appliances are 1970’s avocado green, you may need to spend some money to get energy efficient, up to date appliances. 

Remember, we have access to a government approved program where you can include up to $40k for renovations when you purchase that home with great bones in your perfect neighborhood!

Office Space and High Speed
Working from home is becoming more and more common, even if it’s just the occasional evening or snow day now and then. Having somewhere to focus and work on the computer is a must. Connectivity is key. A good mobile signal and high speed internet mean access to entertainment, information, and time saving opportunities of all kinds.

Amenities Close By
People want to be able to walk to restaurants, coffee shops, and gyms. As a result, buying in bedroom communities without these amenities less appealing. Buyers will spend more to get a smaller space if the location will allow them to live the lifestyle they want. Neighborhoods with short commutes are more popular than ever, and condo apartments downtown and townhouses close to downtown are also in demand.

Low maintenance
A decade or two ago, a big expanse of open lawn was an asset. Don’t get me wrong - people still want to see some landscaping, and curb appeal still sells but for a large number of people, less is more.

A larger, nicely styled walkway with some low-maintenance containers will present a welcoming appearance without taking up every free minute to maintain

Updated Kitchen and Bathrooms
You don’t need to have granite counter-tops to sell your home, but if your kitchen and bathrooms haven’t had an update since the 1980s, expect less interest and a lower selling price. Buyers don’t want to spend their weekends working on their houses - they want to just move in and have everything look good.

Buyers want well-designed, eat-in kitchens with plenty of organized storage. Ideally, the storage should be in the form of a pantry, rather than endless cupboards, especially if the kitchen is small. For bathrooms, they are looking for clean lines, walk-in showers, and as little grout as possible. 

If you or someone you know is planning to sell a home that isn't updated and renovated, you could ask your realtor to promote the renovation program as part of the sale. This could get your buyer dreaming about how your home will look in the future rather than how it looks today.  I've worked with some realtors who have promoted this with great success!



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