The market is expected to increase 6% in 2007, down from an 18% increase this year. Yes, the market is slowing down, but it’s sort of like a Ferrari taking a corner, it HAD to slow down. Real estate prices are NOT going down in Vancouver. They are simply going up slower than the last (record) year. An $18,000 return on a $300,000 purchase is still a very good return on your investment. Especially if you buy with 5% down!
The market will go up and down, and regardless of whether you own or not you’ll always need a roof over your head. Buying real estate was tough this last little while, but now it’s MUCH easier than in the past 4 years. The number of listings are up and prices are being reduced across the board (most were over priced to begin with...) and buyers can now take their time and negotiate longer. The trend is our friend. Everyone overreacted when the market was up and smart people made money, now everyone is overreacting when the market isn't going up (as fast) and guess what? Smart people are STILL making money, and living in a cool pad to boot...
Remember, what prices do in the immediate future shouldn’t matter much if you buy a place you love. Trying to time the real estate market is one of the hardest investments to make, even for professionals, and is usually more of an excuse for inaction than a well-researched conclusion.
Happy hunting,
D'Arcy R. Harris
Listing Coordinator, the Harris Team
Tel: (604) 771 1637
Fax: (604) 488 0885
Sutton Group - Westcoast Realty
darcy@darcyharris.com
http://www.vancouverrealestateinfo.ca/
P.S: Sign up for a home evaluation, with absolutely no obligation!
P.P.S: I supply this information to you free of charge and without obligation in the hope that when you do decide to buy or sell your home, you’ll call the Harris Team to help make it a reality.
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Weekly Real Estate Listings
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They are all the current listing out right now; in fact, some of them are so new they’re not even posted on Realtylink ors MLS.ca. Want to get them before they’re even in the newsletter? Sign up for the VIP Buyers Program.
If you want more information about the listings, email me the MLS number and I’ll send you more info.
Vancouver Lofts:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=844421269&s=BRC&t=BRC
Investment and Revenue Properties:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=622901769&s=BRC&t=BRC
Vancouver House Foreclosures:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=1145819121&s=BRC&t=BRC
Vancouver Apartment Foreclosures:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=311438022&s=BRC&t=BRC
Assignment of Contract:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=1890514685&s=BRC&t=BRC
Are you calling the listing agent directly? You should be working with a Buyer Specialist; we’ll do all the work and won’t charge you a nickel. Simply click here and we’ll contact you within 24 hours!
I could also have all the listings that match your criteria emailed to you ASAP rather than weekly, sign up for the VIP Buyers Program to learn more about our personalized services.
And please remember, 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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