Honey Stop The Car!

 

EXCELLENT revenue property or perfect for 1st time buyers!

 

This lofty condo has 2 bdrms with the potential for a 3rd bedroom in the loft space. It is a professionally managed complex where you can walk to all amenities including, Price-Smart Groceries, Starbucks, liquor store,dental/medical offices & assorted boutique shops. Bus access at your door. Great commuter access via Fraser Hwy. Here's another bonus: Pets Allowed (with a size restriction).

 

You can see all the details on this Langley listing here.

 

 

 

 

 

I would love to work with you because YOU Deserve the BEST!

 

 

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Listen closely when people are throwing around stats about Metro Vancouver home prices. First thing to ask is, which kind of price are they talking about?

 

For quick reference, here they are:


Average home price: The average of all house prices within a category, e.g., the total of all condo sale prices in Tsawwassen divided by the number of condos sold.


Median home price: The midpoint of sales prices where an equal number of properties were sold above and below this sales price.


Benchmark home price: MLS® estimate of the value of a “typical” home in a community, based on the most popular combination of features, e.g., age, size, number of bedrooms and bathrooms. You’ll find separate benchmark prices for detached, attached and condo homes.


House Price Index (HPI): Ongoing record tracking aggregate sales of similar homes.

 

MLS has its own HPI which traces the price trends for detached, attached and apartment properties. The baseline of 100 was set on Jan. 2005 prices. Some highly populated areas have been broken down for more complete data.

 

Two Canadian companies also publish HPIs. The Teranet National Bank House Price Index covers eleven cities including Metro Vancouver and Victoria. There’s also the Brookfield RPS House Price Index, starting in 2005 and covering 13 cities, including Metro Vancouver and Victoria.

 

What other real estate terms are as clear as mud? Let me know in a comment below!

 

Revised from REW.ca.

 

Because YOU Deserve the Best

 

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From the Real Estate Board of Greater Vancouver:



Buyers and sellers with signed contracts that are legally binding have many contractual obligations. Here are a few examples.

Included items

The standard form, Contract of Purchase and Sale, contains this clause:


“The Purchase Price includes any buildings, improvements, fixtures, appurtenances and attachments thereto, and all blinds, awnings, screen doors and windows, curtain rods, tracks and valances, fixed mirrors, fixed carpeting, electric, plumbing, heating and air conditioning fixtures and all appurtenances and attachments thereto as viewed by the Buyer on the date of inspection...” (Clause 7: Included items).

 

The contract provides a space for additional items that are to be included or excluded, for example, washing and drying machines, curtains or even a stone garden bench.

 

If you are a buyer, and you have specified items that you want to be included in the contract and if these items have been removed when you take possession of your home, then talk to your REALTOR® and/or your lawyer as to whether the seller has breached Clause 7 of the contract.

Property condition

The standard form Contract of Purchase and Sale contains this clause:


“The Property and all included items will be in substantially the same condition at the Possession Date as when viewed by the Buyer...” (Clause 8: Viewed).

 

If the property’s condition is different when you take possession of your property, talk to your REALTOR® and/or your lawyer as to whether the seller has breached Clause 8 of the contract.

Other commitments

Buyers may impose a specific obligation on the seller, for example, to make repairs or to clean the property prior to the closing. Examples could include shampooing carpets, power washing the driveway, removing garbage and unwanted items, cutting lawns, and repairing fences.

 

Sellers (and buyers) are obligated to keep their contractual commitments. If a contractual commitment has been breached, consider talking to your REALTOR® and/or your lawyer as to your options.

 

Your REALTOR® and his/her brokerage may be able to help resolve this complaint by contacting the other party’s REALTOR® or brokerage to ask for assistance or to communicate your concerns.

 

Note: Your REALTOR® cannot force the other party to do what they said they would do in the contract. For this, you need the assistance of a lawyer or the Courts.

Subject to clauses

Buyers may wish to make “subject to” offers for example; subject to the buyer being able to obtain financing; subject to an inspection of the property and/or subject to legal advice. Sellers can accept an offer subject to the seller being able to find another suitable property within a specified period of time or subject to legal or financial advice. The parties must act in good faith and are expected to make reasonable efforts to satisfy and remove subject clauses from the agreement.

 

Note: A subject clause is not necessarily an “escape clause.” If the other contracting party does not believe you have made an effort to satisfy the subject clause he/she may consider that you have breached your contractual obligations.

Deposits

Deposits are most commonly held in trust by the buyer’s REALTOR®’s brokerage. Once deposit monies have been placed in the brokerage trust account they can only be removed from the trust account with the written approval of the buyer and seller. If the parties cannot agree, the real estate brokerage may pay the monies into court pending legal action that the parties may choose to take.

More information

Professional Standards and FAQs

 

 

I look forward to walking you through this process in person.

 

Because YOU Deserve the Best

 

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In many city centres across Canada, housing prices are at an all-time high and still climbing. According to home staging expert Alyssa Tavazoie of Alyssa Interiors in Toronto, if you want your house to look like it's worth every penny of the (substantial) sum you're asking, putting your home's best foot forward -- and then some -- is a must. Here are some of Tavazoie's tried-and-true home staging tips:

1. Depersonalize. A potential homebuyer needs to picture herself in your rooms, and quirky decorating or pictures of the kids hurts the illusion. Remove all family photos and, if necessary, paint brightly coloured walls a more neutral shade.


2. Make sure everything in the house is in top condition. No torn screens, cracked plaster or burnt out pot lights. You may have gotten used to seeing them, so tour your house with a critical eye (or ask someone else to), and repair anything that needs it.


3. Chandeliers. One of Tavazoie's favourite low-cost, high-return investments is chandeliers. "People think you have to spend a fortune on lighting, but you can go to any big box store and get beautiful ones for, at most, a few hundred dollars," she says. "Many houses don't have enough lighting to begin with, so if you're having the electrician in anyway, have more overhead fixtures installed -- or at least buy some great lamps."

4. Be aware of scale in the house when it comes to furnishings. You might have a giant sofa that you love, but if it makes the room look small, it has to go. Aim for small groupings of furniture (ideally more than one in a room, especially a large one), with plenty of space around them.

5. A clean kitchen. Kitchen
counters should be clear and clutter-free. A single bowl or vase holding cooking utensils is okay, but that's about it. Store small appliances in cupboards if you must.

 

To read more of this list, please click here.

 

 

 

Because YOU Deserve the Best ...

 

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According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity edged up on a month-over-month basis in March 2014.

 

 


Highlights for March 2014 Housing stats:


• National home sales rose 1.0% from February to March.
• Actual (not seasonally adjusted) activity stood 4.9% above March 2013 levels.
• The number of newly listed homes edged up 0.5% from February to March.
• The Canadian housing market remains in balanced territory.
• The national average sale price rose 6.0% on a year-over-year basis in March.
• The MLS® Home Price Index (HPI) rose 5.2% year-over-year in March.

 

For the full details on the Canadian Housing stats for March, please visit their website here.

 

Because YOU Deserve the Best

 

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With the sunshine here, it's getting pretty exciting to think that summer is just around the corner! 

 

Here is some information on loca, and perhaps not so local, BC Historic and Heritage sites:

 

 

 

 

Hop in a stagecoach and pan for gold at Barkerville Historic Town, or ride a clattering rail car at the Britannia Mine Museum. Learn about fur traders at Fort Langley National Historic Site and fishermen at the North Pacific Cannery. The Kettle Valley Rail Trail follows a historic route through tunnels and over trestles – cycle a section or hop on the 1912 Kettle Valley Steam Railway.

 

Other historic sites in BC are off the beaten path – perfect for adventurous types with vivid imaginations. Step in ancient dinosaur tracks at Tumbler Ridge, or hike to the Burgess Shale and uncover bizarre fossils in Yoho National Park. Wander through weathered wood cabins in ghost towns such as Sandon. Or, tread softly between massive Haida First Nations mortuary totem poles on the Queen Charlotte Islands.

 

Read more here.

 

Here's to an amazing summer ahead for us all!

 

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Real-estate sales are up, housing starts are up, and experts believe the era of $599,000 homes in Vancouver is probably over.

 

 

A flurry of publicity arose when a 600-square-foot renovated home at 2622 Clark Dr. was recently listed for $599,000 — Vancouver’s cheapest detached home — with a pending offer now in place.

 

Next in line in the affordability sweepstakes was a $628,000 listing at 3447 William St.

 

But you’re also too late for that 700-sq.-ft., two-bedroom, one-bathroom home on a 33-foot lot just off the Trans-Canada Highway — it sold for $609,000.

 

“I got a lot of calls on it,” saidRe/Max Select realtor Ron Basra. “A builder bought it. It’s a teardown. “He’s going to build a house with a legal suite, and a coach house. He can live there, and get income from renting the suite and the coach house.”

 

Basra said low carrying costs are attracting buyers at the lower end of Vancouver’s real-estate market.

 

“Interest rates are low, and no one knows how long that will last,” said Basra, a realtor for 17 years. “Anything under $1 million is selling right now.”

 

From those two properties there’s a significant jump to 823 McLean Dr., where a sizable 1,750-sq.-ft. home with two suites is listed at $668,000.

 

It’s not for everyone — just off busy Venables Street on an alley connecting nearby businesses — but it has easy access to downtown Vancouver.

 

Right now it’s a healthy market,” said Sumal Inde, vice-president of residential mortgages with RBC. “More houses have been sold this year, housings starts are up.”

 

Read the full article here.

 

Till next time ...

 

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Compared to a year ago, houses were selling like hotcakes last month, according to the latest figures from the Real Estate Board of Greater Vancouver.

 

135 houses changed hands at a median price of $956,000 in March, up more than 51 per cent compared to March of 2013 when just 89 houses sold for a median $900,000.

 

But look at another set of numbers, and the picture wasn’t as rosy for March.

 

Fewer houses sold in March than February, continuing a trend since nearer the peak of the market in 2011.

House sales normally pick up during the spring, improving as the weather gets better, with more people listing their houses for sale, according to local realtor Tony Ling.

 

Ling sees today’s market as being more balanced, and that’s a healthy sign.

 

“You cannot have a record year every year,” Ling said, noting that the sales statistics indicate the market is reverting back to the 10-year averages.

 

Sales of condominiums and townhouses remained about the same last month compared to February, with 75 townhomes sold for a median price of $518,000, down slightly from the 79 homes that sold for a median price of $525,000 a month earlier.

 

Condo sales eked up, to 119 sales at a median price of $338,993, up from 116 for a slightly lower median price of $341,415.

 

Regionally, March’s sales were 17.2 per cent below the 10-year sales average for March.

 

“We continue to see steady and stable market conditions across the Greater Vancouver housing market,” said board president Ray Harris.

 

“There has been a consistent balance between home seller supply and home buyer demand in our marketplace over the last year.

 

Till next time ...

 

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Honey stop the car!

 

Rare find in this detached townhome with a double car garage in an exclusive well maintained 50+ gated complex.

 

This wonderfully bright and large unit has many wonderful upgrades: hardwood, fresh paint, gorgeous rock fireplace, vaulted ceilings in the living room, newer air heat pump and newer hot water tank. It has a great spacious kitchen with raised oak panel cupboards, plus new counter tops and back splash, plus all new appliances. Wonderful backyard with private setting for BBQ's and relaxing.

 

 

 

 

 

 

You can just move in and enjoy this wonderful home! This is truly an amazing unit with the feelings of living in your own private estate.

 

Because YOU Deserve the Best ...

 

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In March, the Fraser Valley Real Estate Board (FVREB) processed 1,259 sales on its Multiple Listing Service® (MLS®), an increase of 12 per cent compared to the 1,128 sales during March of last year, and a 14 per cent increase compared to February’s 1,102 sales.

 

Ray Werger, President of the Board, says, “We did see activity pick up last month with an increase in demand in particular for single family detached homes. Sales were noticeably higher in North Delta, Mission and Langley compared to last year.

 

“Last March, sales of detached homes accounted for 55 per cent of sales of our three main residential property types and this year that increased to 58 per cent. It may not sound like much, but that translated into over 100 more sales. The property type that lost ground was townhouses.” Werger explains, “Our main buyers are families looking for the best value possible by taking advantage of continuing low interest rates and stable home prices.”

 

The most popular price range for single family detached homes in the Fraser Valley last month was between $500,000 and $600,000. The benchmark price of a typical detached home was $563,400, an increase of 3.5 per cent compared to $544,300 during the same month last year.

 

For townhouses, the benchmark price in March was $297,100, a decrease of 0.4 per cent compared to $298,200 in March 2013 and the benchmark price of apartments was $195,400, a decrease of 4.3 per cent compared to $204,200 in March 2013.

 

The Board posted 2,799 new listings last month, an increase of 2 per cent compared to the 2,736 posted during March of last year bringing the total number of active listings in March to 8,763 – 8 per cent less than were available during March 2013.

 

Werger adds, “We can’t emphasize enough that real estate is local. What’s happening with the Fraser Valley housing market in general may or may not be happening to the market for your home. Contact your local REALTOR® for detailed market information by community, neighbourhood and property type.”

 

In March, Fraser Valley’s sales-to-active-listings ratio – a comparison of sales and inventory that measures the health of the market – was 14 per cent for all property types (residential and commercial combined); and, 18 per cent for the three main residential property types indicating stability in the marketplace.

 

Find the March Statistics Package here.

 

Because YOU Deserve the Best ...

 

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Have you considered refinancing your mortgage?

Refinancing is the process that pays the existing mortgage and/or any other legal claims against the property and sets-up a completely new mortgage(s). There are many reasons as to why you should consider refinancing your mortgage:

  • Consolidate debts
  • Refinance a First & Second Mortgage into a new First
  • Financing a Renovation
  • Financing the purchase of other investments
  • Financing the purchase of investment property and
  • Financing children’s education



For more on this topic please visit SandyNoble.com as she is a trusted and reliable source of mortgage rates, news and information in the Lower Mainland area.


Thank you Sandy.


Because YOU Deserve the Best


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