Real Estate News - North Vancouver, North Burnaby, TriCities BC

Real estate news and updates from REALTOR® Nina Campbell. Nina gives the insider tips and resources for buying and selling real estate in North Vancouver, North Burnaby, and TriCities - Port Coquitlam, Port Moody, and Coquitlam.

 

There is a lot of talk out there regarding Vancouver's Real Estate Market.  If you'd like to know what's happening in your own back yard, the best way is to be informed and cut through the hype...deal with the facts.

Stay up to date with what is going on in your neighbourhood by sending us a quick email at Nina@NinaCampbell.ca to request your monthly email copy of the Real Estate Stats in the Greater Vancouver and/or the Metro Vancouver area.  

If you have any questions or would like more information please feel free to contact me either by email at nina@ninacampbell.ca or on my cell at 604-209-1225. If you get my voicemail or are sending me an email, please leave a detailed message and how I can best reach you so that I can get the information you need before returning your call or email. If you have any feedback in regards to the information you are receiving, I would love to hear from you.

Be sure to also sign up for our:

  • Complimentary Home Evaluator. Your personal Comparative Market Analysis finding comparable properties both listed and sold. A great tool to keep you up to date on your desired neighborhood.

  • Complimentary Newsletters loaded with value, tips and tools.

  • Complimentary Reports sharing years worth of personal experience on how to receive Maximum Return on your Investment.

  • Complimentary Private Office that saves your search criteria and notifies you when a new listing is available.

Nina Campbell’s Blog - Terms of use

Welcome to my blog. Thank you for visiting and I hope you return often. My blog focuses on topics related to real estate and I provide the blog in good faith based on my experience as a licensed REALTOR® for almost two decades and as a trainer for PRA™ Training, Inc. By visiting my blog, you agree that your use of it is entirely at your own risk. No warranty of any type is given by me as to the accuracy, completeness, reliability or timeliness of the content. Nothing contained in this blog con be construed as financial, investment, legal and/or other professional advice. Please contact me if you would like to reprint content. By accessing, using or browsing this blog, you agree to these terms and conditions of use in full.

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Latest news from BCREA Economics Now states that Canadian consumer price inflation picked up marginally in February, registering 1.2 per cent year-over following a 0.5 per cent increase in January. The Bank of Canada's core inflation index, which excludes the eight most volatile components of the CPI like energy and food, rose 1.4 per cent year-over-year in February, a moderate acceleration from January's 1 per cent increase.  Inflation in BC registered only 0.9 per cent year-over-year in February. 


Subdued by sluggish growth in the Canadian economy over the past six months, inflation continues to trend well under the Bank of Canada's two per cent target.  As economic growth improves in the latter half of 2013 and into 2014, inflation should gradually move back toward 2 per cent. Until then, we expect that the Bank of Canada will remain on hold and that longer term interest rates that impact mortgage pricing will hold near historic lows.

 

It looks like it would be a good time to see your mortgage broker and take advantage of the longer term low interest rates. 

 

If you have any questions or would like more information please feel free to contact me either by email at nina@ninacampbell.ca or on my cell at 604-209-1225. If you get my voicemail or are sending me an email, please leave a detailed message and how I can best reach you so that I can get the information you need before returning your call or email. If you have any feedback in regards to the information you are receiving, I would love to hear from you.

Be sure to also sign up for our:
Complimentary Newsletters loaded with value, tips and tools.
Complimentary Reports sharing years worth of personal experience on how to receive Maximum Return on your Investment.
Complimentary Private Office that saves your search criteria and notifies you when a new listing is available.

 

Nina Campbell’s Blog - Terms of use

Welcome to my blog. Thank you for visiting and I hope you return often. My blog focuses on topics related to real estate and I provide the blog in good faith based on my experience as a licensed REALTOR® for almost two decades and as a trainer for the Real Estate Board of Greater Vancouver. By visiting my blog, you agree that your use of it is entirely at your own risk. No warranty of any type is given by me as to the accuracy, completeness, reliability or timeliness of the content. Nothing contained in this blog can be construed as financial, investment, legal and/or other professional advice. Please contact me if you would like to reprint content. By accessing, using or browsing this blog, you agree to these terms and conditions of use in full

 

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I just sat in on a great course clarifying Depreciation Reports that will be taking place in all Strata buildings throughout Vancouver's lower mainland.

 

Under new regulations, depreciation reports were introduced to help owners, in Vancouver's lower mainland, plan for the requirements for their common property and common assets.  The reports will be based around;

 

  1. The financial position of the strata corporation.  For example, how much money is there now and how much should be planned for future expenses.

  2. Any obligations, repairs and maintenance of the Strata Corporation and common property.  Our speaker gave us an example that in one instance a report discovered that there was a charge on title obligating the strata corporation to maintain in good repair a wood bridge that crossed a river bordering the development ($$$$)...

  3. The author of the report will have to disclose whether they have errors and omissions insurance, whether they have an interest in the strata corporation and their qualifications in preparing the report.

  4. Depreciation reports are exempt to strata corporations with under 5 units or if there is an annual 3/4 vote to not partake.

  5. A new report is required every three years.

  6. Who will be the best person to interpret the reports...the strata corporation and the author of the report itself?

My thoughts on this...Great!  It will be useful to present owners so that they can manage their asset and valuable to buyers so they can make an informed decision on whether to buy into the development or not.

 

For more information there are two really great sites you can have a look at:

 

Condominium Home Owner Association of BC

 

Office of Housing and Construction Standards

 

If you have any questions or would like more information please feel free to contact me either by email at nina@ninacampbell.ca or on my cell at 9604-20-1225.  If you get my voicemail or are sending me an email, please leave a detailed messge and how I can best reach you so that I can get the information you need before returning your call or email.  If you have any feedback in regard to the information you are receiving, I would love to hear from you.

 

Be sure to sign up for our:

 

Complimentary Newsletter loaded with value, tips and tools.

Complimentary Reports sharing years worth of personal experience on how to receive Maximum Return on your Investment.

Complimentary Private Office that saves your search criteria and notifies you when a new listing is available.

 

Nina Campbell's Blog - Terms of use

 

Welcome to my blog.  Thank you for visiting and I hope you return often.  My blog focuses on topics related to real estate and I provide the blog in good faith based on my experience as a licensed Realtor(R) for almost two decades and as a trainer for the Real Estate Board of Greater Vancouver.  By visiting my blog, you agree that you use of it is entirely at your own risk.  No warranty of any type is given by me as to the accuracy, completeness, reliability or timeliness of the content.  Nothing contained in this blog can be construed as financial, investment, legal and/or other professional advice.  Please contact me if you would like to reprint content.  By accessing, using or browsing this blog, you agree to these terms and conditions of use in full.

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I find my kids, nieces and nephews and clients’ kids are all asking the same question right now, “should we buy a home or should we rent?” I think back on when my husband and I bought our first home…we were young with two small kids in tow and we often would look at each other and wonder if we were ever going to be able to cover it all. Well that was a lot of years ago, and now in hind sight buying into the residential real estate market was one of the best financial moves we made. Is today really any different from back then?

 

I have always believed in owning real estate, I think that is why I am as passionate about my profession as a Realtor in Vancouver's lower mainland. Real Estate is:  home, forced savings, a retirement nest egg and it is still the one thing we are not being taxed on (our principal residence that is) when we sell.

 

Is real estate a sound investment for our children? Should we be helping them get into the market and buy a home? What tools do we give them if they want to buy?

 

Here are some suggestions:

 

  • Spend what you can afford, on a home for sale, without carrying a huge debt load. Unexpected expenses can happen at any time and if the credit cards and line of credits are all maxed and you are living paycheck to paycheck it won’t be long before you can drown in debt. Have a balanced budget before buying a home. With renting it is much easier to give notice and move, with owning a property… not so much.

  • Never rush into buying a home for the sake of getting in. Do your due diligence and homework. Write down your goals, what you are looking for in a home for sale? What are your needs, wants and must haves in that home…then prioritize.    

  • When you buy always think Resale. Expect that if you have to sell your home really fast for whatever reason…can you? Is what you are buying going to appeal only to a small amount of people in the real estate market or will it appeals to the majority of home buyers?

  • Never think “what a pretty home” first, then everything else. Always think…does this home for sale meet your goal and needs first, and then negotiate the price.

  • Look outside the box ….areas of growth, universities etc. always look to where the neighbourhood re-developments are starting to happen or the big anchor stores are going in, they have already spent millions on feasibility studies

  • Location location location. It will mean everything to your value of the home you buy today and tomorrow.

  • Make City Hall your best friend. Go get an OCP (official community plan) map to see what is going on and where…ask lots of questions. Know everything about the house and property that you are thinking of buying if you can.

  • Watch maintenance fees (you don’t want them to be higher than your mortgage). Do they include things like hot water and gas?

  • If you are buying a pre-sale home, do your homework. Research trends and see what has happened to folks that have bought a home on speculation…has it gone up in the past four years, stayed the same or gone down. How many buildings are new in your area of choice…know your numbers and world market really well before investing in speculation.

  • Confirm square footage, age, size of lot and anything else that is important to the value of the property.

  • Learn about “depreciation reports”, they are coming.

 

The biggest mistakes we can make in real estate are not doing our homework and acting on impulse.  I have seen this result in both lost opportunities and/or poor choices, and I have seen strategic and calculated home purchases result in great wealth.

 

If you have any questions or would like more information please feel free to contact me either by email at nina@ninacampbell.ca or on my cell at 604-209-1225. If you get my voicemail or are sending me an email, please leave a detailed message and how I can best reach you so that I can get the information you need before returning your call or email. If you have any feedback in regards to the information you are receiving, I would love to hear from you.

 

Be sure to also sign up for our:

  • Complimentary Newsletters loaded with value, tips and tools.
  • Complimentary Reports sharing years worth of personal experience on how to receive Maximum Return on your Investment.
  • Complimentary Private Office that saves your search criteria and notifies you when a new listing is available.

 

Nina Campbell’s Blog - Terms of use

Welcome to my blog. Thank you for visiting and I hope you return often. My blog focuses on topics related to real estate and I provide the blog in good faith based on my experience as a licensed REALTOR® for almost two decades and as a trainer for the Real Estate Board of Greater Vancouver. By visiting my blog, you agree that your use of it is entirely at your own risk. No warranty of any type is given by me as to the accuracy, completeness, reliability or timeliness of the content. Nothing contained in this blog can be construed as financial, investment, legal and/or other professional advice. Please contact me if you would like to reprint content. By accessing, using or browsing this blog, you agree to these terms and conditions of use in full

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Whether the market is fantastic or not, if you’re selling, you will definitely want to capitalize on its greatest value. Before listing any property, I always set the stage with my clients. I personally believe in starting out strong because your first few weeks on the market are going to be the most important and will receive the greatest traffic. This results in potential offers at the highest price.

 

Here are three proven ways to achieve great results:

  1. Price your home right. You can try to squeeze a few more dollars on the list price but the truth is, buyers do their homework and if your price is too high they may just keep walking to the next house. Pricing sharp allows you to receive more showings and a quick offer close, if not more, than your list price. Besides, we say “your first offer is your best offer.”

  2. Walk around and through your home and clean it up. Start at the curb. How is the street appeal? The gardens, the weeds – Is there paint that needs touch up? Light bulbs need replacing? Garbage that needs to be picked up? Check out your front door. I can tell a lot about how the inside of a home is going to look by the front door. Is yours clean, dirty, in good shape or not? Move inside and be critical about your space. Does it look tired, dark, in need of repair, cluttered? Address anything that needs to be addressed before you do any showings. Positioning your home to receive maximum value requires work up front and strategic planning and timing. Then again, it is your money.

  3. Once you list your home be sure that photos, floor plans, and anything else that promotes your home and property hit the open market all on the same day as opposed to having data than picture, then other material that gets uploaded in drips and drabs. The day your property hits MLS it should be a “Wow – I have to have this home!”

If you have any questions or would like more information please feel free to contact me either by email at nina@ninacampbell.ca or on my cell at 604-209-1225. If you get my voicemail or are sending me an email, please leave a detailed message and how I can best reach you so that I can get the information you need before returning your call or email. If you have any feedback in regards to the information you are receiving, I would love to hear from you.

 

Be sure to also sign up for our:

  • Complimentary Market SnapShot. Your personal Comparative Market Analysis finding comparable properties both listed and sold. A great tool to keep you up to date on your desired neighborhood.
  • Complimentary Newsletters loaded with value, tips and tools.
  • Complimentary Reports sharing years worth of personal experience on how to receive Maximum Return on your Investment.
  • Private Officethat saves your search criteria and notifies you when a new listing is available.

 

Nina Campbell’s Blog - Terms of use

Welcome to my blog. Thank you for visiting and I hope you return often. My blog focuses on topics related to real estate and I provide the blog in good faith based on my experience as a licensed REALTOR® for almost two decades and as a trainer for PRA™ Training, Inc. By visiting my blog, you agree that your use of it is entirely at your own risk. No warranty of any type is given by me as to the accuracy, completeness, reliability or timeliness of the content. Nothing contained in this blog con be construed as financial, investment, legal and/or other professional advice. Please contact me if you would like to reprint content. By accessing, using or browsing this blog, you agree to these terms and conditions of use in full.

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There seems to be no hotter topic right now than our market conditions. Has the bubble burst? Is the sky falling on the real estate market? Is this the best time to sell or buy? Should we just keep holding on?

 

I have experienced a lot of markets in my years in real estate. Some have been really great and some have been really horrible. I can tell you for sure real estate can change on a days notice. What I see right now is a cyclical correction that will inevitably revive itself.

 

What is most important to remember is that if you are a seller right now, you need to make sure you are priced sharp and show well. Homes are still selling but buyers are being diligent when doing their homework! As well, if you are upsizing or downsizing, you are doing so in the same market which protects you from huge market fluctuation.

 

If you are a buyer, I believe this is a perfect time to buy. There are not too many other buyers to compete against. Interest rates are historically low and you have the ability to negotiate aggressively. Besides, industry professionals are offering incredible incentives to support you in the process.

 

Take advantage of this great time to buy and be creative and precise when you position your property to sell.

 

If you have any questions or would like more information please feel free to contact me either by email at nina@ninacampbell.caor on my cell at 604-209-1225. If you get my voicemail or are sending me an email, please leave a detailed message and how I can best reach you so that I can get the information you need before returning your call or email. If you have any feedback in regards to the information you are receiving, I would love to hear from you.

 

Be sure to also sign up for our:

  • Complimentary Market SnapShot. Your personal Comparative Market Analysis finding comparable properties both listed and sold. A great tool to keep you up to date on your desired neighborhood.

  • Complimentary Newsletters loaded with value, tips and tools.

  • Complimentary Reports sharing years worth of personal experience on how to receive Maximum Return on your Investment.

  • Complimentary Private Office that saves your search criteria and notifies you when a new listing is available.

 

Nina Campbell’s Blog - Terms of use

Welcome to my blog. Thank you for visiting and I hope you return often. My blog focuses on topics related to real estate and I provide the blog in good faith based on my experience as a licensed REALTOR® for almost two decades and as a trainer for PRA™ Training, Inc. By visiting my blog, you agree that your use of it is entirely at your own risk. No warranty of any type is given by me as to the accuracy, completeness, reliability or timeliness of the content. Nothing contained in this blog con be construed as financial, investment, legal and/or other professional advice. Please contact me if you would like to reprint content. By accessing, using or browsing this blog, you agree to these terms and conditions of use in full.

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I have helped folks move for the past 19 years and selling your home is never as easy as it looks! The emotional roller coaster can be about as wild a ride as being at the Fair. Does any of this sound familiar?

 

I’m going to list my house for sale…”I am sooooo excited” I bet it will sell really, really quickly.

  • Oh my goodness I forgot how much preparation, purging and cleaning/fixing there was to do. I am exhausted! But it will sell really really fast for top dollar!

  • My house looks beautiful now that it is listed - I am so proud of my house, Sigh!

  • This is crazy, I have to clean my house for every showing, my light/stereo and gas bill for my fireplaces are through the roof, my flower and candle consumption are out of control, and then…… the people don’t even show up! Grrrrrrr.

  • Price Reduction? Again?? The market is really that bad?

  • Yeah… an offer is coming, thank goodness I was just about to give up….my faith is renewed Smile

  • What do you mean they want to pay only that much? Seriously? Who do they think they are? Absolutely Not!

  • Oh alright then, I can live with those terms…I guess its okay.

  • Inspections? Subjects? Oh no…what if they back out…I will have to start cleaning all over again…..please, please, please!

  • Yeah we’re sold!!! I am soooooo excited

  • I hate packing, Never again! What was I thinking?

 Some tips to minimize your stresses;

  • Work with a REALTOR who you trust and will have your best interests in mind, mixed with a dash of compassion and understanding. This way you can rest assure that the “other” details will be looked after by a professional.

  • Accept  the process and plan for it

  • Know that your house will sell; I have seen it over and over and over again. Just relax and let it happen.

Happy Selling! Ps Buying is going to be a cinch!

 

Do you have a question? Contact Me.

 

Nina Campbell’s Blog - Terms of use

Welcome to my blog. Thank you for visiting and I hope you return often. My blog focuses on topics related to real estate and I provide the blog in good faith based on my experience as a licensed REALTOR® for almost two decades and as a trainer for PRA™ Training, Inc. By visiting my blog, you agree that your use of it is entirely at your own risk. No warranty of any type is given by me as to the accuracy, completeness, reliability or timeliness of the content. Nothing contained in this blog con be construed as financial, investment, legal and/or other professional advice. Please contact me if you would like to reprint content. By accessing, using or browsing this blog, you agree to these terms and conditions of use in full.

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You have finally found the home of your dreams after endless days of searching and your REALTOR® informs you that you will be competing against another offer or offers. What does that mean? What do you do?

 

A Multiple offer means that more than one party is interested in the same property as you, and would also like the opportunity to buy it. The sellers may want the competing offers to be presented at the same time for convenience as well as to receive the best terms and conditions on their sale.

 

When REALTORS® are notified that we will be in a competing position; we will not know what the other party will be presenting. We discuss all details of this situation with our clients and then act according to our instructions.

 

So if you really want the property what do you do? My suggestion to my clients is that they may not get a second chance to present their offer. For example, if the seller has received three offers, they certainly cannot sell the home to all three clients, therefore he or she will only be able to pick one at a time. Which one should he pick first?

 

As the buyer, you will want to put your best foot forward. Here are some suggestions;

  • Although the seller is not always motivated by price, in some cases they are.

  • Offering a solid deposit amount reassures the seller that you are serious.

  • Having shorter subject removal times, allows the sellers to not have their home tied up too long in case you cannot remove subjects.

  • Knowing ahead of time and granting the sellers their desired possession dates is sometimes a bonus.

  • Knowing ahead of time what is important to the seller to keep, for example some appliances, and allowing them to have them.

What I don’t suggest you do in a multiple offer (or any offer);

  • Not do an inspection. I have seen firsthand the financial ruin of clients that have bought a property without inspecting it and found mould, water ingress and huge structural deficiencies.

  • Not have in writing that you qualify for the mortgage on the property, and/or the home meets all your lender's criteria including appraisal.

  • Not make sure you and the home are insurable, otherwise your lender may not advance your mortgage.

  • Not see a title search of the property to understand what you are buying.

  • Not know any environmental details relating to the property such as creeks, oil tanks etc.

Over and over I have seen disappointed clients walk away loosing out on a multiple offer only to find another home that is as great or better that becomes theirs.

 

Do you have a real estate question, Contact me.<

 

Nina Campbell’s Blog - Terms of use

Welcome to my blog. Thank you for visiting and I hope you return often. My blog focuses on topics related to real estate and I provide the blog in good faith based on my experience as a licensed REALTOR® for almost two decades and as a trainer for PRA™ Training, Inc. By visiting my blog, you agree that your use of it is entirely at your own risk. No warranty of any type is given by me as to the accuracy, completeness, reliability or timeliness of the content. Nothing contained in this blog con be construed as financial, investment, legal and/or other professional advice. Please contact me if you would like to reprint content. By accessing, using or browsing this blog, you agree to these terms and conditions of use in full.

 

 

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Listing your home for sale can be a very stressful process with the biggest factor usually being “What is my home worth?”

 

Our homes are our castles-no matter how quaint, how small, how old or young or how grand. They are most likely our largest asset, our emotional ties to our community and our family’s haven. Every homeowner can appreciate all the love, effort and endless pennies put into making their house a home.

 

So why wouldn’t you want a maximum amount from the sale of it?

 

Consider this when evaluating your home:

  • Market value is not what mom and dad, neighbours or best friends say it is - market value is what a buyer is willing to pay and a seller willing to accept under the present market conditions;

  • Market value will be determined by your property’s location, size, lot, proximity, maintenance and desire;

  • In most cases, upgrades will not pay back dollar per dollar spent. For example, if you install a $75,000 kitchen, your home is not necessarily worth $75,000 more; and

  • Market value is not based on what you want or need from the sale of your home.

So then how do you determine what your home is worth?

  • Know all that is listed in your neighbourhood. The house size, the property size, the age improvements, days on market and how  many times they have been reduced if at all. These will be your competitors;

  • Know all that has recently sold in your neighbourhood. Once again know everything about the properties that have sold. Every buyer, their REALTOR® and the bank appraisers will be comparing them to you;

  • Assess market conditions. Is it a hot market or are listings sitting stagnant for a very long time; and/p>

  • Hire an appraiser or a REALTOR® who specializes in

  •  your neighbourhood to help you best determine what your home is worth.

 

Do you have a real estate question, Contact me.

 

Nina Campbell’s Blog - Terms of use

Welcome to my blog. Thank you for visiting and I hope you return often. My blog focuses on topics related to real estate and I provide the blog in good faith based on my experience as a licensed REALTOR® for almost two decades and as a trainer for PRA™ Training, Inc. By visiting my blog, you agree that your use of it is entirely at your own risk. No warranty of any type is given by me as to the accuracy, completeness, reliability or timeliness of the content. Nothing contained in this blog con be construed as financial, investment, legal and/or other professional advice. Please contact me if you would like to reprint content. By accessing, using or browsing this blog, you agree to these terms and conditions of use in full.

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One question that comes up all the time when I take clients out for viewings is “what should we be looking for?” That’s a great question, one that takes some planning.

 

Start by making a list of the features and details that are important for you. When you are on a tour and may be seeing three or more homes it’s easy to start losing sight of what is really important for you.  I’ve had clients completely miss bathrooms and bedrooms.

 

As you drive up to the properties be conscious of the neighbourhood. How are the other homes maintained? What type and how many cars are in the area. How is the street access-how is visibility to get into and out of the driveway, what is the proximity to highways, busy cross sections and places like rock quarries. If transportation, schools, shopping and commute exits are important, write them on your list and note them.

 

Around the home notice the condition of sidewalks and any excessive settling. The condition of the siding, wood trim and general maintenance. Note the grass-is there a lot of moss or is it quite wet. If there are wood decks outside, how solid are they. If there are any sheds or outbuildings, get inside them.

 

When you walk through the front door note any moisture or water smells. Does the home have cracked tiles, are the windows clear or foggy-how many? Do doors open and close or do they jam or close on their own? Check inside tub and shower enclosures, what is the condition of the tiles/grout. Look under sinks for water and mildew. Check window sills for softness or moisture./p>

 

You will get a certified inspector to go through the home of your choice once you have made the decision to purchase it, but leading up to that time you can do your part in making sure you get the best home within your criteria.

 

Do you have a real estate question, Contact me.

 

Nina Campbell’s Blog - Terms of use

Welcome to my blog. Thank you for visiting and I hope you return often. My blog focuses on topics related to real estate and I provide the blog in good faith based on my experience as a licensed REALTOR® for almost two decades and as a trainer for PRA™ Training, Inc. By visiting my blog, you agree that your use of it is entirely at your own risk. No warranty of any type is given by me as to the accuracy, completeness, reliability or timeliness of the content. Nothing contained in this blog con be construed as financial, investment, legal and/or other professional advice. Please contact me if you would like to reprint content. By accessing, using or browsing this blog, you agree to these terms and conditions of use in full.

 

 

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Pets are a wonderful addition to any family. We have two indoor cats that are unbelievably spoilt.

 

Sometimes we forget just how stressful having our home for sale can be for our pets. Safety, anxiety and being conscious of their hygiene are important factors when selling or viewing a property.

 

  • Be conscious of pet odours and general maintenance of litter boxes, wet fur and paws, anxiety accidents, and excess shedding;

  • If running in and out of the home is not a problem or if it is, be sure the buyers and their representative are aware. Notes left in visible areas help viewers know how to best deal with your pets;

  • Consider having indoor pets that will be home for showings be placed in carriers to prevent accidental take offs. You can help prepare your pet by getting them used to their carriers a few weeks in advance of listing your home for sale. If you are at home and can, take them out for a little walk;

  • Let the buyers and their representatives know the names of your pets so that they feel a little more comfortable with the strangers entering their home. Even the friendliest of pets have a tendency to be protective; and

  • Clean up after your pet outside. There is nothing more annoying for buyers and their REALTORS® who really want to walk the property and are dodging or stepping in pet feces.

If you are a buyer viewing a home with pets, some considerations are:

  • Be cautious of safety. A friendly pet may inherently want to protect its domain. Call their name, don’t make sudden moves and keep little children away until you are certain the pet will tolerate them;

  • Be sure to know which pet can and cannot get out or if outdoor pets want to come in know if they belong to that property. Be cautious of the little escapers that wait for any opportunity to scoot; and

  • If buying a condominium, be sure pets are allowed and if so, how many are allowed, how big or how heavy must their maximum be. It is not enough to assume just because the present owner has a number of pets that you will be able to. A strata infraction can cost you weekly fines.

Pets are a large part of companionship and family. Tending to them is important when you list or view properties. As a pet owner, be sure your REALTOR® has all the details of what is important that needs to be relayed to the buyers and their representative.

 

Do you have a real estate question, Contact me.

 

Nina Campbell’s Blog - Terms of use

Welcome to my blog. Thank you for visiting and I hope you return often. My blog focuses on topics related to real estate and I provide the blog in good faith based on my experience as a licensed REALTOR® for almost two decades and as a trainer for PRA™ Training, Inc. By visiting my blog, you agree that your use of it is entirely at your own risk. No warranty of any type is given by me as to the accuracy, completeness, reliability or timeliness of the content. Nothing contained in this blog con be construed as financial, investment, legal and/or other professional advice. Please contact me if you would like to reprint content. By accessing, using or browsing this blog, you agree to these terms and conditions of use in full.

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Purchasing a Strata Property can be complicated. Why? Simply put, "Units" or "Strata Lots" are purchased individually but you are also purchasing a portion of the total "Common Area" together with other owners.

 

Imagine buying a house with a group of strangers...Wouldn’t you want to know who they were, how the dynamics of responsibilities and liabilities work, and who was going to occupy which area?

 

Here's some information you should know:

  • The financial position of the development. Not a lot of money + upcoming repairs = money coming out of your pocket.

  • The day-to-day life of the development. Reading the minutes of the meetings helps you understand what is happening on a day-to-day basis.

  • The big Meeting (Annual General Meeting) of the year. This helps you understand what the strata has done for the previous year and what is coming up for the year ahead. This includes repairs, improvements, and expenses.

  • The Rules or Bylaws. Can you BBQ? Are you allowed to have children, pets (how many and what size), or even a live Christmas tree? Are there any age or rental restrictions?

  • Parking space(s) and locker(s). If you have them: Do you own them? Or are they leased? Are they assigned?

  • Is the development Self-Managed or managed by a Property Management Company.

Do not rely on information given to you as heresay. Be sure to receive the appropriate, current documents and read them thoroughly. If you have questions, contact the managing individual and ask them for details.

 

In BC you can find out more information under the Strata Property Act

 

Do you have a real estate question, Contact me.

 

Nina Campbell’s Blog - Terms of use

Welcome to my blog. Thank you for visiting and I hope you return often. My blog focuses on topics related to real estate and I provide the blog in good faith based on my experience as a licensed REALTOR® for almost two decades and as a trainer for PRA™ Training, Inc. By visiting my blog, you agree that your use of it is entirely at your own risk. No warranty of any type is given by me as to the accuracy, completeness, reliability or timeliness of the content. Nothing contained in this blog con be construed as financial, investment, legal and/or other professional advice. Please contact me if you would like to reprint content. By accessing, using or browsing this blog, you agree to these terms and conditions of use in full.

 

 

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When buying a home, which is potentially your largest investment involving hundreds of thousands of dollars, you owe it to yourself to inspect it before removing subjects. Here are just a few reasons why:

  1. Some insurance companies won’t insure the property if it has less than a 100 amp service or Poly B piping. Without insurance, in most cases, the bank will not give you a mortgage. This is not something you want to find out at the lawyer's office when you expect to close on your new home and now cant. You want to know what you are buying at a time that the buyer and seller can still be in a position to rectify the situation.

  2. Expensive surprises are not fun. Imagine finding extensive mould that could impact your family's health, or a foundation/structural issue that could cost more than your year's salary to repair.

  3. Disclose, disclose, disclose. Which means if you uncover a problem and you disclose it....the next buyer may not want your home or will take it at a discounted amount./li>

  4. It’s important to know where your main water shut off is as well as other essential elements in the home for future reference.

I always respect and welcome family and friends that say they can inspect a home, but I recommend that you hire a qualified and reputable inspector. The cost of an instructor is a small price to pay in comparison to a missed deficiency by someone who is not insured or a relationship that has been ruined.

 

Find out more about licensing requirements of a BC property inspector or contact the Canadian Association of Home and Property inspectors (BC).

 

Do you have a real estate question,

 

 

Nina Campbell’s Blog - Terms of use

Welcome to my blog. Thank you for visiting and I hope you return often. My blog focuses on topics related to real estate and I provide the blog in good faith based on my experience as a licensed REALTOR® for almost two decades and as a trainer for PRA™ Training, Inc. By visiting my blog, you agree that your use of it is entirely at your own risk. No warranty of any type is given by me as to the accuracy, completeness, reliability or timeliness of the content. Nothing contained in this blog con be construed as financial, investment, legal and/or other professional advice. Please contact me if you would like to reprint content. By accessing, using or browsing this blog, you agree to these terms and conditions of use in full.

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Forecast for the real estate market/p>


In the last few years, we’ve all read countless news reports that the real estate market is about to crash.

 

As far back as 2004, the Real Estate Board of Greater Vancouver published factual articles to get to the truth of the matter and to counter continued stories of doom and gloom.

 

So, once again, we’re trying to determine whether or not we’re in a bubble and if we are, if it’s about to burst.

 

For some answers, we went to Helmut Pastrick, chief economist for the credit union systems in two provinces – BC and Ontario.

 

Here’s what he told us.

 

A bubble requires two conditions:

  1. A large amount of speculation.

  2. Easy credit.

“Neither of these conditions exist,” explains Pastrick. While some speculation exists in some markets, overall it accounts for only a small portion of activity according to expert sources such as Landcor Data Corporation.

 

When it comes to easy credit – there isn’t any given that lenders have stringent requirements in Canada unlike what we saw in the US leading up to their market crash.

 

Pastrick goes on to say that high prices are not necessarily a sign of a bubble. “High prices instead signify there is more demand than supply right now.”

 

What does Pastrick forecast for the next few years?

  1. The market will continue to be active although there will be ups and downs.

  2. The longer term trend in prices remains upwards.

  3. Metro Vancouver will continue to be a prime location for Canadians and overseas investors due to our mild climate, clean environment and great quality of life.

Do you have a real estate question, contact me.

 

Nina Campbell’s Blog - Terms of use

Welcome to my blog. Thank you for visiting and I hope you return often. My blog focuses on topics related to real estate and I provide the blog in good faith based on my experience as a licensed REALTOR® for almost two decades and as a trainer for PRA™ Training, Inc. By visiting my blog, you agree that your use of it is entirely at your own risk. No warranty of any type is given by me as to the accuracy, completeness, reliability or timeliness of the content. Nothing contained in this blog con be construed as financial, investment, legal and/or other professional advice. Please contact me if you would like to reprint content. By accessing, using or browsing this blog, you agree to these terms and conditions of use in full.

 

 

 

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One question I get asked all the time is “Nina, what is the best way to prepare my home for sale so that I maximize its value?”


Here is what I tell my clients;

  1. What Buyers see when they drive by will make them decide whether they want to come in… or not. Clean your yard, your windows, your garden and your front door. Have the outside of your home look inviting with pleasing curb appeal so that potential buyers want to see more./li>

  2. Hire a home inspector. In too many cases sellers find out about the major deficiencies in their home or a number of needed repairs that add up when the buyer does their inspection. At that point sellers are faced with buyers that may want to renegotiate the sale price or simply walk away from the deal.  Having a pre listing inspection helps eliminate surprises later, and showcase your home in the best condition possible.

  3. Give the buyers a WOW when they walk through the front door. Be conscious of smells, toys, clutter and general cleanliness.

  4. Update maintenance items that have been on your to do list for a while. Replace light bulbs, fix running toilets, touch up walls, wash carpets or replace portions that really need it.

  5. De-clutter. You are moving so it makes sense to prepare for you move. Pack up all extra "things" to open up your living space.

Taking the time to prepare your home with these few suggestions ensures you maximize its value.  Do you have a real estate question, contact me.>

Nina Campbell’s Blog - Terms of use

Welcome to my blog. Thank you for visiting and I hope you return often. My blog focuses on topics related to real estate and I provide the blog in good faith based on my experience as a licensed REALTOR® for almost two decades and as a trainer for PRA™ Training, Inc. By visiting my blog, you agree that your use of it is entirely at your own risk. No warranty of any type is given by me as to the accuracy, completeness, reliability or timeliness of the content. Nothing contained in this blog con be construed as financial, investment, legal and/or other professional advice. Please contact me if you would like to reprint content. By accessing, using or browsing this blog, you agree to these terms and conditions of use in full.

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Unless things change from now until March 31, 2013 when the HST is scheduled to be extinguished and the GST/PST is re-instated, the following may apply;

 

  • Restaurant meals (change to 5%)

  • Local residential phone service (change to 5%)

  • New homes over $525,000 (change to 5%)

  • Gym memberships (change to 5%)

  • Bicycles (change to 5%)

  • Funeral services (change to 5%)

  •  Basic groceries (No HST/GST/PST)

  • Previously occupied homes (no HST/GST/PST)

  •  Cellular phones (remains 12%)

  • Adult clothing (remains 12%)

  • Building material (remains 12%)

  • Televisions (remains 12%)

 Source : Jonathan Fowlie, The Vancouver Sun

 

For more information visit HST in BC. Do you have a real estate question, Contact me.

 

Nina Campbell’s Blog - Terms of use

Welcome to my blog. Thank you for visiting and I hope you return often. My blog focuses on topics related to real estate and I provide the blog in good faith based on my experience as a licensed REALTOR® for almost two decades and as a trainer for PRA™ Training, Inc. By visiting my blog, you agree that your use of it is entirely at your own risk. No warranty of any type is given by me as to the accuracy, completeness, reliability or timeliness of the content. Nothing contained in this blog con be construed as financial, investment, legal and/or other professional advice. Please contact me if you would like to reprint content. By accessing, using or browsing this blog, you agree to these terms and conditions of use in full.

 

 

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