CALGARY HOMEOWNER FIVE-OPTION EVIDENCE BOARD CalgaryRealEstateTips.ca working worksheet Last reviewed: July 19, 2026 PURPOSE Household outcome, current occupancy, current value evidence, mortgage balance, payout and penalty, estimated selling and moving costs, immediate repairs, probable sale net, renovation scope, quotes, contingency, permits, value support, refinance purpose, lender status, appraisal and property evidence, payment change, total borrowing cost, achieved-rent evidence, operating expenses, vacancy, management, insurance, suite or condo rules, tax and legal questions, rent after expenses, annual carrying cost, next-housing cost, remaining reserve, rejected paths, evidence owners, no-go thresholds, dated decision trigger, and 30-, 60-, and 90-day execution steps. Use this worksheet to collect property-specific evidence and make the next decision visible. It is an educational planning aid, not legal, tax, lending, appraisal, engineering, inspection, insurance, condo-document, or other professional advice. DECISION CONTEXT Name(s): ________________________________________________ Property / community / search area: _______________________ Property type: ___________________________________________ Budget, price, or value range: _____________________________ Decision to make: _________________________________________ Deadline and reason: ______________________________________ Primary goal: _____________________________________________ What would make me pause or walk away? ____________________ TOPIC EVIDENCE [ ] Household outcome: ________________________________________________ [ ] Current occupancy: ________________________________________________ [ ] Current value evidence: ________________________________________________ [ ] Mortgage balance: ________________________________________________ [ ] Payout and penalty: ________________________________________________ [ ] Estimated selling and moving costs: ________________________________________________ [ ] Immediate repairs: ________________________________________________ [ ] Probable sale net: ________________________________________________ [ ] Renovation scope: ________________________________________________ [ ] Quotes: ________________________________________________ [ ] Contingency: ________________________________________________ [ ] Permits: ________________________________________________ [ ] Value support: ________________________________________________ [ ] Refinance purpose: ________________________________________________ [ ] Lender status: ________________________________________________ [ ] Appraisal and property evidence: ________________________________________________ [ ] Payment change: ________________________________________________ [ ] Total borrowing cost: ________________________________________________ [ ] Achieved-rent evidence: ________________________________________________ [ ] Operating expenses: ________________________________________________ [ ] Vacancy: ________________________________________________ [ ] Management: ________________________________________________ [ ] Insurance: ________________________________________________ [ ] Suite or condo rules: ________________________________________________ [ ] Tax and legal questions: ________________________________________________ [ ] Rent after expenses: ________________________________________________ [ ] Annual carrying cost: ________________________________________________ [ ] Next-housing cost: ________________________________________________ [ ] Remaining reserve: ________________________________________________ [ ] Rejected paths: ________________________________________________ [ ] Evidence owners: ________________________________________________ [ ] No-go thresholds: ________________________________________________ [ ] Dated decision trigger: ________________________________________________ [ ] 30-: ________________________________________________ [ ] 60-: ________________________________________________ [ ] 90-day execution steps: ________________________________________________ CALGARY VERIFICATION CONTROL [ ] Property address, community, property type, and decision deadline are recorded. [ ] Budget, price or value range, monthly comfort, and cash reserve are separated. [ ] Current source dates and geography are written beside every market or rule-based claim. [ ] Relevant active alternatives and recent comparable transactions are identified. [ ] Financing, appraisal, insurance, legal, tax, inspection, condo, permit, or specialist questions have an assigned owner. [ ] Documents are saved in one folder with missing items and follow-up dates visible. [ ] The most expensive plausible downside has a cost range and funding plan. [ ] A credible backup property, community, timing, or transaction path is named. [ ] The walk-away or pause rule is written before urgency increases. [ ] The next review date and the evidence that would change the decision are recorded. EVIDENCE LOG Use one row per important fact. Record the source itself, not only who mentioned it. 1. Fact / assumption: ______________________________________ Source / document / professional: ________________________ Date and geography: ______________________________________ Status (known / assumed / missing): _______________________ Owner and follow-up date: _________________________________ 2. Fact / assumption: ______________________________________ Source / document / professional: ________________________ Date and geography: ______________________________________ Status (known / assumed / missing): _______________________ Owner and follow-up date: _________________________________ 3. Fact / assumption: ______________________________________ Source / document / professional: ________________________ Date and geography: ______________________________________ Status (known / assumed / missing): _______________________ Owner and follow-up date: _________________________________ FIVE-OPTION MONEY BOARD SELL - value / probable net / net floor: ___________________ RENOVATE - repairs / scope / all-in capital / reserve: ______ REFINANCE - purpose / payment change / total cost: __________ RENT - achieved rent / expenses / vacancy / monthly margin: __ WAIT - one-year carrying cost / awaited event / deadline: ____ Next-housing and moving cost: _______________________________ Cash reserve remaining under preferred path: ________________ FIVE-OPTION EVIDENCE GATES [ ] Current value, mortgage payout, penalty, and equity reconcile. [ ] Immediate safety, active damage, and repair exposure are priced. [ ] Renovation has scope, quotes, contingency, permits, disruption, and value support. [ ] Refinance has a defined purpose, lender status, property evidence, payment effect, and fallback. [ ] Rental use, condo or suite rules, insurance, expenses, management, tax, and reserve are controlled. [ ] Waiting has an affordable carrying case and a dated measurable trigger. [ ] Next housing, household function, and the cost of reversing course are acceptable. [ ] The preferred path leaves the written reserve floor intact. REJECTED PATHS AND CHANGE RULES Rejected option 1 / reason / reopen trigger: ________________ Rejected option 2 / reason / reopen trigger: ________________ Rejected option 3 / reason / reopen trigger: ________________ Rejected option 4 / reason / reopen trigger: ________________ Preferred option / no-go threshold: _________________________ 30 / 60 / 90 DAY EXECUTION First 30 days - evidence, owners, and cash gates: ____________ Days 31-60 - irreversible commitment gate: ___________________ Days 61-90 - execution, fallback, and review: _________________ RED / AMBER / GREEN DECISION BOARD GREEN - current, property-specific, understood evidence: ____________________________________________________________ AMBER - plausible but waiting on evidence or professional review: ____________________________________________________________ RED - material downside with no acceptable control or fallback: ____________________________________________________________ OPTIONS AND TRADEOFFS Preferred path: ____________________________________________ Best credible alternative: _________________________________ What the preferred path improves: __________________________ What it costs or makes harder: ______________________________ Worst plausible outcome and estimated cost: ________________ How that downside would be reduced or funded: ______________ NEXT-STEP BRIEF Current best decision: _____________________________________ Why the evidence supports it: _______________________________ Three unresolved questions: 1. _________________________________________________________ 2. _________________________________________________________ 3. _________________________________________________________ Next action: _______________________________________________ Owner: __________________________ Due: _____________________ Review trigger: ____________________________________________ Next review date: __________________________________________ PROPERTY-SPECIFIC HELP When requesting help, include the property or community, property type, budget or value range, timeline, documents available, condition deadline, and the exact decision. A useful response should produce a shortlist, risk list, valuation path, document-review path, or assigned next-step plan rather than a generic sales reply.