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D’Arcy Harris – Weekly Real Estate Update February 1, 2006
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This week we’re chalk-a-block with useful information. The Canadian Real Estate Association put out a very interesting article about the Conservative Party which I’ve paraphrased below, I’m giving you access to one of the most affordable apartments in the city before it hits the market and I’ve included an enlightening look at what makes people successful real estate investors, not to mention all the listings and news articles that you’ve come to expect. But, alas, you’ll have to read it to yourself because I can’t do it for ya!
Looking forward to hearing from you,
D'Arcy R. Harris
Real Estate Broker
Sutton Group - Westcoast Realty
Tel: (604) 771 1637
Fax: (604) 488 0885
www.VancouverRealEstateInfo.ca
P.S: Wondering what your home is worth? Probably more than you think! Find out with an Over the Phone Market Evaluation:
http://www.vancouverrealestateinfo.ca/redir.asp?page=homeeval.asp&t=list1
P.P.S: I supply this information to you free of charge and without obligation with the hope that when you do decide to buy or sell your home, you’ll call me to help make it a reality.
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Success Hints
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My brother Brock Harris of Brock Real Estate in L.A (www.brockrealestate.com) is one of the most successful agents in the U.S and had this to say about what separates his successful clients from the looky-loos, and I’d have to agree:
Looky-loos say: "I'm in no rush to sell.'
Successful buyers/sellers say: "I want to price my home so that I net the most money."
Looky-loos say: "What's my home worth?"
Successful buyers/sellers say: "I would like to know what you do to sell my home, what you charge, and what you think it's worth. When can you come by?"
Looky-loos say: "I want a deal."
Successful buyers/sellers say: "I am looking for a property under $850,000 in the following areas."
Looky-loos say: "I will buy when a good deal comes along."
Successful buyers/sellers say: "I will look at 20 homes I can afford in the next 3 weeks and buy the one I like the most."
Looky-loos say: "Call me when something good comes on."
Successful buyers/sellers say: "Can we meet twice a week until we get me into a house?"
Looky-loos say: "I should have bought two years ago."
Successful buyers/sellers say: "What's the best deal out there right now and when can I view it?"
Looky-loos say: "We've been shopping for a year."
Successful buyers/sellers say: "I've been out of the market while I closed this last deal. I'm ready to start looking again. When can we meet?"
Looky-loos say: "I'm in no rush. I will look as long as I need to."
Successful buyers/sellers say: "Buying a property is an important event I want to complete ASAP. Like buying a car, renting an apartment, or finding a job."
Looky-loos say: "I will work with whoever brings me a good deal."
Successful buyers/sellers say: "My realtor is like my CPA, my lawyer, and my bookkeeper. I have a well-chosen team that has helped me get where I am today."
Looky-loos say: "I really don't know what I'm doing."
Successful buyers/sellers say: "Any new courses or books you can suggest?"
Looky-loos say: "Email me all your listings."
Successful buyers/sellers say: "I've gone through the public MLS and these are the 10 properties I'd like to view, can you set up the appointments?"
Looky-loos say: "I'm not at the stage where I need to speak with a mortgage broker."
Successful buyers/sellers say: "My financing was the first thing I took care of."
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Downtown Vancouver for Under $200,000?!
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If you’re frustrated by high prices in Vancouver but don’t want to move to PoCo, this is the place for you.
I may have a listing coming on in the next couple of weeks, 1 bedroom one block to the seawall and one minute to downtown Vancouver for under $200,000. This place even has a parking stall and a storage locker AND it’s made of concrete. There isn’t anything like it out there right now, go ahead, search www.realtylink.org, you won’t find anything remotely close.
In a time where Vancouver just made the ‘unaffordable list’ buying something like this may not come along again for a long time. Email me at Under200@darcyharris.com or call me to set up a showing before it even hits the market.
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Some Recommended Reading
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So we have a new government and whatever your politics, there are some changes that are going to be made. My question (and concern) is what will happen in my neck of the economy, namely residential real estate. I’ve taken some quotes from a press release put out by CREA, you can read the whole article here: http://crea.ca/public/news_stats/pdfs/new_government.pdf
“The proposed first-phase reduction in GST would save a homeowner $4,000 on a new home selling for $400,000. Setting the GST rate at five per cent as the Conservatives propose would restore the effective rate of federal sales taxes on new homes to the level that applied prior to the introduction of the GST in 1991, when the new rate is combined with the new housing rebate.
“It all helps keep housing affordable” says Pierre Beauchamp, the Chief Executive Officer of The Canadian Real Estate Association.”
”The Conservative Party platform also calls for the elimination of capital gains tax for individuals who reinvest profits earned from selling real estate or financial investments within six months. The move would apply to physical and financial assets, potentially benefiting people who sell stocks and bonds, or properties such as cottages and family businesses.”
“A capital gains rollover provision for small-scale investors, which REALTORS® have been proposing for several years, would introduce greater flexibility into the small-scale residential rental investment sector,” added Mr. Beauchamp. “If this tax change is implemented effectively, it will encourage more Canadians to look at real estate investment opportunities, especially with small and medium sized income opportunities.”
Interesting stuff, read it here: http://crea.ca/public/news_stats/pdfs/new_government.pdf
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Weekly 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. Want to get them before they’re even in the newsletter? Sign up for the VIP Buyers Program. (http://www.vancouverrealestateinfo.ca/redir.asp?page=vip_buyer.asp&t=list1) If they don’t load, cut and paste the links into your browser. If you want more information about the listings, email me with the MLS number and I’ll send you more info.
Vancouver Lofts:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=1124025023&s=BRC&t=BRC
Investment and Revenue Properties:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=1938047749&s=BRC&t=BRC
Here’s a nice little money maker:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=1690277870&s=BRC&t=BRC
Vancouver House Foreclosures:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=1435622015&s=BRC&t=BR
Vancouver Apartment Foreclosures:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=1350411252&s=BRC&t=BRC
If you see any listings that interest you, simply reply to this email with the MLS number and the time that you’re available to view it and we’ll set up a private tour just for you. Or have them emailed to you daily rather than weekly, sign up for the VIP Buyers Program:
http://www.vancouverrealestateinfo.ca/redir.asp?page=vip_buyer.asp&t=list1
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Insider Secrets Revealed:
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If you are receiving this newsletter from someone else (or reading it on my blog) and would like to sign up to receive it directly, please click here:
http://www.vancouverrealestateinfo.ca/redir.asp?page=silver_customform.asp&t=list1
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, and much more that DOESN’T fit in this newsletter:
http://www.vancouverrealestateinfo.ca/redir.asp?page=gold_newsletter.asp&t=list1
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=list1
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From the News:
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If you thought Vancouver is expensive:
http://www.cnn.com/2006/TRAVEL/01/31/oslo.cost.reut/index.html
Four steps to spotless credit:
http://money.cnn.com/magazines/moneymag/moneymag_archive/2006/02/01/8367524/index.htm
Will it go pop? Or will there be a slow leak?
http://money.cnn.com/2006/01/19/real_estate/home_money_0602/index.htm
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Contact Info:
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I supply this information to you free of charge and without obligation with the hope that when you do decide to buy or sell your home, you’ll call me to help make it a reality.
If I do all this for free, imagine what I 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=list1
Comments and suggestions are always welcome, thanks for reading!
D'Arcy R. Harris
Real Estate Broker
Sutton Group - Westcoast Realty
Tel: 604 771 1637
www.VancouverRealEstateInfo.ca
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And just so you know…
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I do not compete with other brokers, I work with them. If your property is currently listed with another broker, or if you are currently buying with another broker, please disregard this email. 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. 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.
