Real Estate Update January 3, 2005

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D’Arcy Harris Real Estate Update January 3, 2005

The beginning of 2005 is upon us! 2004 was a great year, and I think it’s only going to get better. There are few predictions about the real estate market out there right now, but I will venture to say this: whether the market goes up or down it’s possible to make money in real estate. Not only because it’s a ‘long term ‘ investment, but also because there are numerous ways to invest in any one property. In fact, for many of my investor clients, 2005 is already shaping up to be a stellar year. And if you’re thinking of setting goals this year, remember that the best reason for setting goals is to entice you to become the person it takes to achieve them. I sincerely wish you all the best in the coming new year.

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Success Story

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This week’s success story isn’t related to real estate, but goes out to all the governments, company’s and individuals that are helping the tsunami victims in South East Asia. When the earth reminds us who’s in charge it is definitely a humbling experience. To donate to the Red Cross: https://www.redcross.org/donate/donation-form.asp

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Buy of the Week: Investment Buy

~~~~~~~~~~~~~~~~~~~~~~~~~~~ This is a four unit multi-family building, asking $499,000. Each unit is a two bedroom and current income is $2,200 monthly. Needs some TLC. The best part? It’s on two lots, and each one is zoned for a duplex. Smells like opportunity!

http://mlslink.mlxchange.com/EmailView.asp?r=1599818816&s=BRC&t=BRC

If the link doesn’t work, try hitting refresh!

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Today’s Real Estate Listings

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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. Now that’s an advantage most buyers don’t have! If they don’t load, hit refresh.

Vancouver Foreclosures: http://mlslink.mlxchange.com/EmailView.asp?r=1179945368&s=BRC&t=BRC

Vancouver Lofts: http://mlslink.mlxchange.com/EmailView.asp?r=1692280694&s=BRC&t=BRC

Vancouver Land: http://mlslink.mlxchange.com/EmailView.asp?r=1625700976&s=BRC&t=BRC

This Weeks Area of Interest: Multi Family Revenue Properties http://mlslink.mlxchange.com/EmailView.asp?r=1951362973&s=BRC&t=BRC

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? 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 to find out more.

Thinking of selling? Find out what the home down the street sold for: http://www.vancouverrealestateinfo.ca/redir.asp?page=gold_findout.asp&t=list

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ From the News

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Donations for Tsunami relief:

https://www.redcross.org/donate/donation-form.asp

Business in Vancouver The rapid transit line that refused to die: http://www.biv.com/subscriber/news01.asp

The Vancouver Sun Real estate outlook for '05 is strong but less frenzied: British Columbians bought and sold more real estate in 2004 than ever before, ringing up an incredible $26 billion in transactions during the year's first 11 months…. http://www.canada.com/vancouver/vancouversun/news/business/story.html?id=e37ceea0-73b5-44ef-8779-53d4d2135b2a

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Real Estate Term of the Week

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Equity: A homeowner's financial interest in a property. Equity is the difference between the fair market value of the property and the amount still owed on its mortgage and other liens.

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Market Tidbit ~~~~~~~~~~~~~~~~~~~~~~~~~~~ ”Average Canadian House Prices Set to Break Records in 2005: The RE/MAX Housing Market Outlook 2005 predicts national home sales to climb two per cent to 477,800 units by year-end. Average price is expected to post a healthy six per cent increase, bringing the value of a Canadian home to $237,900 in 2005—topping 2004’s record $224,729 by more than $15,000.” ”Two markets will break through major thresholds next year, including Vancouver, Canada’s most expensive housing market. Average price in that city is forecast to top $400,000 by year-end, while Edmonton is expected to surpass $200,000 in 2005.” http://www.bcrea.bc.ca/news_room/in_the_news.htm

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Contact Info/Subscribe/Unsubscribe/Disclaimer

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Regards,

D'Arcy R. Harris RE/MAX Crest Realty (Westside) Tel: 604 771 1637 Fax: 604 484 6236 darcyharris@shaw.ca

___________________________________________ Free Quick Over-the-Net Home Evaluation: http://www.vancouverrealestateinfo.ca/redir.asp?page=homeeval.asp&t=news1 Become a VIP Buyer and Beat Other Buyers to all the New Listings: http://www.vancouverrealestateinfo.ca/redir.asp?page=vip_buyer.asp&t=news2 FREE Quick Over-the-Phone Mortgage Pre-Approval (Guaranteed Lowest Rates!): http://www.vancouverrealestateinfo.ca/redir.asp?page=gold_mortgageapp.asp&t=news3 Access FREE Vancouver Real Estate Information at: http://www.vancouverrealestateinfo.ca/redir.asp?page=default.asp&t=news4

If your property is currently listed with another broker, or if you are currently buying with another broker, please disregard this email. I do not compete with other brokers, I work with them. This e-mail transmission may contain information that is proprietary, privileged and/or confidential and is intended exclusively for the person(s) to whom it is addressed. Any use, copying, retention or disclosure by any person other than the intended recipient or the intended recipient's designees is strictly prohibited. If you are not the intended recipient or their designee, please notify the sender immediately by return e-mail and delete all copies. This entire email is an opinion and should be treated as such. Investing in general carries significant risk. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. This means that just because a particular investment worked in the past does not mean, in and of itself, that the same indicators will cause a similar profitable effect.

WE MAKE NO REPRESENTATION OF CLIENT PROFITS.

Unfortunately we cannot guarantee you profits. There are no guarantees of profits in real estate or in any other investment for that matter. In fact, in many cases customers suffer a loss of all or part of their investment dollar. INVESTORS CAN AND DO LOSE MONEY. Every trade produces a winner and a loser. Money is not created or destroyed, it just changes ownership. If investing will alter your style of living in any manner to the worse, do not invest The information contained in this report is a statement of opinion and information contained therein is subject to change without notice. The information has been obtained from sources believed to be reliable but is not guaranteed as to its accuracy and completeness. Charts and graphs are the work product of third parties, and should not be relied upon by investors or others in evaluating market conditions. They are provided to you with a specific understanding that the author makes no warranty or guarantee that the information or figures contained therein are accurate or correct. Moreover, past results are not necessarily indictable of future results. Those using the information contained herein for reading purposes are responsible for their own actions. This is not to be constructed as an offer to sell or a solicitation to buy anything whatsoever. No claim is made that any recommendation contained herein will be profitable or that utilizing such recommendation will not result in loss. Investing is speculative and you should carefully review your plan and speak with your financial advisor or licensed advisor before investing. Properties are offered for sale to qualified purchasers without regard to the prospective purchaser's race, color, religion, sex, handicap, familial status, sexual orientation, or national origin.

___________________________________________ Free Quick Over-the-Net Home Evaluation: http://www.vancouverrealestateinfo.ca/redir.asp?page=homeeval.asp&t=news1 Become a VIP Buyer and Beat Other Buyers to all the New Listings: http://www.vancouverrealestateinfo.ca/redir.asp?page=vip_buyer.asp&t=news2 FREE Quick Over-the-Phone Mortgage Pre-Approval (Guaranteed Lowest Rates!): http://www.vancouverrealestateinfo.ca/redir.asp?page=gold_mortgageapp.asp&t=news3 Access FREE Vancouver Real Estate Information at: http://www.vancouverrealestateinfo.ca/redir.asp?page=default.asp&t=news4