The D’Arcy Harris Team – Weekly Real Estate Update August 2, 2005

----------------------------------------------------------------- The D’Arcy Harris Team – Weekly Real Estate Update August 2, 2005 ----------------------------------------------------------------- A couple of things to talk about this week, first of which was missing last weeks newsletter. No excuse other than the fact that it’s been BEAUTIFUL outside and quite frankly, I needed a break.

But the market didn’t take a break; did you know that prices of detached properties increased 10.2% since June of ’04, while condos increased an average of 10.6%? If you thought about buying last June and then decided against it, you missed out on that increase. Trust me, if you wait longer, it’s going to be more of the same.

And here’s something most people don’t think about: that 10% increase is on the market value of the home, NOT on the amount invested. For example, as a simple calculation, last year let’s say you invested $20,000 as your down payment for a $400,000 apartment. Now the apartment you bought would be worth $424,000 (10.6%). But you only invested $20,000, so what’s the real return? Over 100%. This is why real estate is the place to be.

Then next question you need to ask yourself is what are you waiting for?

Call me, I’ll help make it a reality,

D'Arcy Harris Sutton Group - Westcoast Realty Fax: (604) 488 0885 darcy@darcyharris.com

P.S: If you are receiving this newsletter from someone else and would like to sign up to receive it directly, please click here: http://www.vancouverrealestateinfo.ca/redir.asp?page=silver_customform.asp&t=list

---------------------------------------------------------------- Success Story -----------------------------------------------------------------

Real Estate is a contact sport, get out there and make contact with realtors, mortgage brokers and other people in the game. The more you know, the better. And for gosh sakes, if you’re thinking of buying, sign up for my VIP Buyer Program!! It will save you time, time and more time. Go here right now: http://www.vancouverrealestateinfo.ca/redir.asp?page=vip_buyer.asp&t=list

Congratulations to J. who flipped his apartment in Coal Harbour and made $$$$$. My favourite thing was his phone call to me after it sold when he said, “let’s do it again!”… We’re a good team, and we’ll do it again soon. Who’s on your team?

----------------------------------------------------------------- BRAND NEW LISTING IN KITS!! ----------------------------------------------------------------- Asking $295,000, this is a one-bedroom penthouse on W. 2^nd and Larch. Water and mountain views, hardwood and granite throughout. (!!!) This one will go fast, and I can set up a private showing. This isn’t my listing, but I know it will go ASAP so if you’re interested in living in Kits for under $300,000 email me at KitsApartment@darcyharris.com

Also, if you’re thinking of selling your home, I’ve put together a list of 27 things you NEED to know before you list, get it here for free: http://www.vancouverrealestateinfo.ca/redir.asp?page=27tips.asp&t=list

----------------------------------------------------------------- Weekly Real Estate Listings ----------------------------------------------------------------- These are all the current listing out right now; in fact, some of them are so new they’re not even posted on Realtylink or MLS.ca. Want to get them before they’re even in the newsletter? Sign up for the VIP Buyers Program!! Now that’s an advantage most buyers don’t have! If they don’t load, hit refresh.

Vancouver Lofts: http://mlslink.mlxchange.com/EmailView.asp?r=875329427&s=BRC&t=BRC

Investment and Revenue Properties: http://mlslink.mlxchange.com/EmailView.asp?r=399905165&s=BRC&t=BRC

Vancouver House Foreclosures: http://mlslink.mlxchange.com/EmailView.asp?r=1086747332&s=BRC&t=BRC

Vancouver Apartment Foreclosures: http://mlslink.mlxchange.com/EmailView.asp?r=1671936362&s=BRC&t=BRC

House for sale by owner! Check it out:

http://www.vancouverrealestateinfo.ca/silver_listingDetail.asp?ID=177216

Would you like to have access to all the new listings that match your home buying criteria, including area, price range and style of home, emailed to you directly? Tired of leafing through hundreds of listings to find what you’re looking for? This is a free service and will allow you to view only the homes that you're interested in seeing. Become a VIP Buyer and beat other buyers to all the hot new listings in Vancouver. How does it work? Visit:

http://www.vancouverrealestateinfo.ca/redir.asp?page=vip_buyer.asp&t=list

----------------------------------------------------------------- Market Tidbit ----------------------------------------------------------------- Is your house earning more than you do? Take shelter from bubble anxiety: Homeowners in various Canadian neighbourhoods have watched in fascination as the annual rise in the market value of their property during recent years has approached or even exceeded their take-home pay. Take the recent case… Read the Entire Article: http://finance.sympatico.msn.ca/content/savingsdebt/savingsdebthome/P35344.asp

----------------------------------------------------------------- From the News -----------------------------------------------------------------

Bursting the bubble myth http://www.rebgv.org/realtorlink/rebgv/publications/RLzine/RL_july292005/files/bubblemyth.htm

Real Estate Board Statistics: http://www.realestate.nu/documents/stats.pdf

Each month, I publish a series of articles of interest to homeowners- money-saving tips, household safety checklists, home improvement advice, real estate insider secrets, etc. Information that won’t fit in this newsletter, check it out:

http://www.vancouverrealestateinfo.ca/redir.asp?page=gold_newsletter.asp&t=list