Real estate FAQ

Calgary real estate questions: selling, buying and investing

Straight answers from AM PM Properties, a licensed real estate brokerage that also leases and manages rental homes across Calgary. Pick a topic or call us on 587 832 5000.

  • LicensedReal estate brokerageLicensed by the Real Estate Council of Alberta to trade in real estate
  • MLS®Your home on MLS®Our listings go on MLS® and on our own website
  • 42Homes we are leasing nowLive count from our rental listings
  • 21 daysLeasing guaranteeFor owners who rent out with our full management

Selling a home

How much is my home worth?

Ask us for a free home evaluation. We compare your home with similar homes that have sold nearby and those on the market now, and give you a price range to list at.

What does it cost to sell a home?

The main costs are the brokerage commission, your lawyer's fees and paying out any mortgage. The commission is agreed between you and us and set out in your listing agreement before your home goes on the market. Ask us for our rate.

Do I need a Real Property Report to sell?

Usually yes. A Real Property Report is a drawing prepared by an Alberta Land Surveyor that shows the property lines and the buildings on the lot. Most standard residential purchase contracts ask the seller to give the buyer a current one with a municipal stamp of compliance, so order it early. The Real Estate Council of Alberta guide explains it.

Should I renovate before I sell?

Not always. Not every repair pays back in the sale price. We walk through the home with you and point out the small jobs that are worth doing, such as fixing obvious damage, fresh paint and a deep clean.

Can I sell a home that has a tenant living in it?

Yes. Tell us at the start, because the lease affects showings and the possession date. We plan showings around the tenancy and the tenant gets written notice before every visit.

Can I rent my home out instead of selling?

Yes. Ask for a free rental analysis and within 1 to 2 business days you receive by email what your home should rent for. You can then choose full property management, leasing only or selling.

Buying a home

Can you help me buy a home listed by another brokerage?

Yes. We can book showings and write offers on homes listed on MLS® by any brokerage, not only our own listings.

How do I book a showing on one of your listings?

Call us on 587 832 5000 and we will arrange a private showing at a time that suits you. If you already work with a REALTOR®, they can book the showing for you.

What is the minimum down payment in Canada?

For a home you will live in, the minimum is 5% of the price up to $500,000, plus 10% of any part of the price between $500,000 and $1.5 million. At $1.5 million or more the minimum is 20%. For a property you will not live in, ask your lender, because the rules for rental properties differ. Source: Financial Consumer Agency of Canada.

What closing costs should I plan for when I buy?

Plan for your lawyer's fees, a home inspection, the Alberta Land Titles fees to register the transfer and your mortgage, and adjustments for property tax and any condo fees already paid by the seller. Alberta charges land titles registration fees instead of a land transfer tax.

How much are Alberta Land Titles fees?

Since 20 October 2024 the fee to register a transfer of land is $50 plus $5 for every $5,000 of the property's value, and the same formula applies to registering a mortgage. On a $400,000 home that is about $450 for the transfer.

Investing in a rental property

Can you manage a property I buy through you?

Yes. Once the keys are yours we can lease and look after the property with full property management, or find and place a tenant with our leasing only service and hand everything over to you.

Do you offer a leasing guarantee?

Yes, with full property management. If we do not rent your property within 21 days, you will not pay the first month's property management fee after the property is leased. The property must be rent ready, available for showings, and listed at the market rent recommended by AM PM Properties. The 21 day period begins once the management agreement is signed and the property is ready to be advertised.

Can I find out what a home would rent for before I buy it?

Yes. Tell us the address and we look at what similar homes are asking now. The chart on our buying page shows the live asking rents of the Calgary homes we are leasing today.

About AM PM Properties

What real estate services does AM PM Properties offer?

We help owners sell homes and investment properties, help buyers buy homes and rental properties, and list properties for sale on MLS®. We also lease and manage rental homes across Calgary and nearby towns.

Is AM PM Properties a licensed real estate brokerage?

Yes. The Real Estate Council of Alberta has issued a brokerage licence to AM PM PROPERTIES INC., which operates as AM PM Properties, to trade in real estate. Our licence runs from 1 October 2026 to 30 September 2027.

Where is your office?

Our office is at 3670 63 Avenue NE, Unit 280, 2nd Floor, Calgary, AB T3J 0S4. Call us on 587 832 5000.

House keys being handed over outside a residential building

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