----------------------------------------------------------------- The D’Arcy Harris Team – Weekly Real Estate Update July 19th, 2005 ----------------------------------------------------------------- Notice how clothing stores are filling up with fall fashions and it's still summer? Real Estate is like that - as far as we're concerned, summer is over and the busiest season of the year is wrapping up. Everyone knows that homes sell for the highest prices and faster when the sun is shining and the kids are out of school. But as prices begin to level off in many parts of Vancouver, right now is looking not only like a good time to sell, but the best time to sell.
And for those of you crying in your beer that "I should have bought ten years ago", here's the good news. If you bought ten years ago for $350,000 and took out a $300,000 mortgage at 10% the cost would have been $2,632.71 a month. If you bought the same house today for $600,000 and took on a $500,000 mortgage at 6% (and cheaper rates are available) the carrying cost would be $2,997.75 a month. The house price jumped but the mortgage payments didn't.
I say it once, I say it a million times, it's ALWAYS a good time to buy affordable homes in good areas and cash-flow positive income property.
Here's the final word, and I know you can all relate: Real estate prices are like gas prices. Up, down, up, down but mostly up. So call me and my team and let's get started.
Regards,
The D'Arcy Harris Team 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
-----------------------------------------------------------------
Top Eight Reasons to Sell Your Home Right Now!
1. Pricing Power
In most markets sellers are able to sell for top dollar as low interest rates and high demand has fuelled a rush of buyers into the market place.
2. High Demand
Low inventory in most markets means that the number of buyers competing for each home is higher than it has ever been. This also means that the time it takes to secure an acceptable offer has dropped considerably.
3. Low Interest Rates
Interest Rates have remained at 30 year lows despite the fact the Federal Reserve has hiked rates for the past several quarters. Today's low rates mean more buyers can afford to purchase more amenities and pay higher prices than in the past.
4. Fewer Contingencies
Because many buyers have been able to sell their homes quickly many are able to write offers that are not contingent on the sale of their home. 5. Flexible Financing
Many buyers today are able to enjoy hundreds of different possible loan programs from ARMS, to reverse amortization mortgages, and even no-documentation loans. This flexibility means more buyers can afford to buy homes than ever before.
6. Timing Control
Sellers who need more time to move, find a replacement property, or move into a rental can be more selective in choosing which offer best suits their needs. They can also specify their timing needs in advance.
7. Home Ownership Rates
The number of families who own a home is at all time high, this is good news for sellers - as more, and more families recognize the value and wealth building potential of owning real estate.
8. Discounted Rental Rates
Although home prices have climbed steadily over the last several months, rental rates in most areas of the country have not kept pace. This can be good news for sellers who would like to take their time finding their next home.
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:
Investment and Revenue Properties:
http://mlslink.mlxchange.com/EmailView.asp?r=1810939259&s=BRC&t=BRC
Vancouver House Foreclosures:
http://mlslink.mlxchange.com/EmailView.asp?r=1684659501&s=BRC&t=BRC
Vancouver Apartment Foreclosures: http://mlslink.mlxchange.com/EmailView.asp?r=148374171&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
----------------------------------------------------------------- 3 Step Checklist to Home Ownership, from Reed Harris, CBM -----------------------------------------------------------------
I'm not much of a dancer, but these are 3 steps I know will change your Life!
1. CHOOSE TO BUY A HOME. You won't get anywhere with wishing and hoping you'll own someday. You have to decide today, RIGHT NOW, that you will own your home within 3 months. Fortune favours the bold, so take action today.
2. Speak with a Mortgage Broker about your financing. This is the easiest way to save money, time and effort in buying property. Having a Mortgage Broker on your team will protect your credit and ensure you get the cheapest mortgage. A mortgage broker is a professional - use my expertise to your advantage.
3. Choose a good realtor - and WRITE OFFERS until you get the home you want. In this market being indecisive means you will remain a renter indefinitely.
Take action, organise your financing, write offers. It's that simple.
----------------------------------------------------------------- Market Tidbits -----------------------------------------------------------------
“A total of 29,347 existing homes were sold in major markets in June, numbers released yesterday by CREA show. That represents a 3-per-cent increase from May and is close to 1 per cent higher than the previous volume record set in July, 2003. All numbers are based on sales through the Multiple Listing Service and are seasonally adjusted.”
Read the entire article: http://www.theglobeandmail.com/servlet/ArticleNews/TPStory/LAC/20050715/RHOUSE15/TPRealestate/
----------------------------------------------------------------- From the News -----------------------------------------------------------------
Respect your roof -- it's sexier than you think
http://www.theglobeandmail.com/servlet/ArticleNews/TPStory/LAC/20050715/RENOCOL15/TPRealestate/
New home price increases at lowest rate in two years http://www.theglobeandmail.com/servlet/ArticleNews/TPStory/LAC/20050713/RTICKERNAT13-10/TPRealestate/
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
----------------------------------------------------------------- Contact Info -----------------------------------------------------------------
We supply this information to you free of charge and without obligation with the hope that when you decide to buy or sell your home, you’ll call the D’Arcy Harris Team to help make it a reality. If we do all this for free, imagine what we do when we’re working together!
I invite you to forward this newsletter on to friends and family.
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
Comments and suggestions are always welcome!
Thanks for Reading!
D'Arcy R. Harris Real Estate Broker Sutton Group - Westcoast Realty Fax: 604 488 0885
To be removed from future mailings simply hit reply with REMOVE in the subject line.
----------------------------------------------------------------- Quick Over-the-Net Home Evaluation: http://www.vancouverrealestateinfo.ca/redir.asp?page=homeeval.asp&t=list
Become a VIP Buyer and Beat Other Buyers to all the New Listings: http://www.vancouverrealestateinfo.ca/redir.asp?page=vip_buyer.asp&t=list
Access Vancouver Real Estate Information at: http://www.vancouverrealestateinfo.ca/redir.asp?page=default.asp&t=list
No comments:
Post a Comment