ight PropertyNews
Friday, January 27, 2012
Sitting on the Fence
“I’m going to wait until prices drop.” “I want to save enough for a large down payment.”
“The prices are too high.”
“A better house might come up.”
“My friends/media told me not to buy.”
We hear these comments on a regular basis. I will say that the right time to buy is when the conditions work for you regardless of the market. If you can afford the mortgage and the property is in the right location and meets most of your needs, why wait? What happens if the prices don’t come down? If the prices do come down, would you and the others sitting on fence jump in at the same time to compete for the same property? When you find the near perfect house but wait to see if another better one comes up and doesn’t, and meanwhile the house that you...
Tuesday, January 24, 2012
2012 BC Property Assessments
“My property assessments are up over 15%! Does this mean that my house is worth more now?”
As Real Estate agents we get asked this question all the time, in fact I remember getting asked this question 30 years ago too! Logically homeowners and buyers look at property assessments as some sort of guide to determine house values; unfortunately this method of evaluation is flawed. For example, most properties that are assessed by the BC Assessment Authority are never even inspected, meaning no one enters the home to see its physical condition, properties are mostly viewed from the outside or aerial mapping and assessed based on land size/location and age of the dwelling (recent building permits may trigger some further investigations...
Tuesday, January 17, 2012
Coldwell Banker Innovative Real Estate Marketing Methods
Coldwell Banker continues to lead the way with innovative Real Estate marketing methods, the latest way to use social media and Facebook to promote listing between agents is demonstrated in the cool video link below. The 2nd Annual Generation Blue Coldwell Banker International Conference is coming up in late February and focuses on the internet and specifically social media as the best way to market Real Estate today. Please take a look at this video and see what the younger generation of realtors and buyers are looking for when searching for properties!
--Paul Prade
Friday, July 29, 2011
The Basics About Home Buying - Part I: Why Realtors are Good
Categories:Community,Generations
I’m of the generation that knows next to nothing about buying a home. In high school CAPP (career and personal planning) class we learned not to submit résumés on fluorescent pink paper (something, I’ve learned, they encourage in university co-op programs). In math class, we applied algebraic formulas to arbitrary scenarios about cement trucks or airplanes when we could have been applying them to mortgages, something we would realistically need in the future. I hear they’re changing this now and high school students are actually learning about banking and mortgages, things they’ll need later in life. For everyone in my generation, this series is for you.
I’m going to start with a potentially controversial topic: Why Realtors® are useful. I’ve...
Friday, July 15, 2011
Renting Vs. Owning
Categories:Community
When I was younger and the Vancouver housing market not quite so scalding, the truly intelligent among us drained their bank accounts in order to put a down payment on a home, choosing to pay monthly mortgage payments rather than monthly rent payments. The logic in this choice was infallible . The payments were very often similar, depending on where or what you decided to buy or rent, and while the initial mortgage pre-approval process was stressful – not to mention the sudden lack of funds after the down payment – it was all well worth the result of eventually owning your very own piece of property.
Now, however, this logic is less certain. Housing prices are up, making that original down payment substantially larger and increasing...
Now, however, this logic is less certain. Housing prices are up, making that original down payment substantially larger and increasing...
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