The best investment you will ever make
I honestly believe that for most Canadians, buying your own home is the best financial decsion you will ever make. The long-term effect of investing in your own property (and not simply renting and paying someone elses mortgage), helps build equity and security for your future.
Buying a home in the Lower Mainland
Vancouver is and will always be a very expensive market in which to buy a home. As such, it can be extremely frustrating to find a suiteable property.
My commitment to you
I take great pride in helping people achieve their goal of home ownership. My top priority is to make sure that your buying experience is professional and above all successful. As your realtor, I will ensure you have all the information you need to make make an informed, knowledgable decision. Over the years, I have negotiated the purchase of hundreds of single family homes, townhouses and condos on behalf of my clients. You can trust my experience to get the job done right.
Pricing & a property's physical condition
I think two of the greatest fears people have when buying real estate are; A) paying too much and, B) buying a home in poor condition.
How do you know that the asking price for a home has anything to do with it's true market value? Most seller's overprice their homes because they believe that strategy will get them more money. Why? Human nature. In my opinion, half the homes listed for sale are overpriced. So how can you separate the overpriced homes from the ones listed at or near market value?
Research, information and experience.
I prepare an up-to-date market analysis and use professional 3rd appraisals to help you determine a fair offer price no matter what the condition the property happens to be in.
Unless you are buying new, virtually all homes will require some sort repairs; plumbing, electrical etc., or upgrading to kitchens, bathrooms, flooring etc. Anything can be fixed or renovated to look great, however the question then becomes, has the owner priced the property accurately to reflect what needs to be fixed or replaced? Usually they haven't, so having a top-notch property inspector on your side, who can accurately estimate the cost of those repairs is crucial.
Most people will require a mortgage to allow them purchase their new home. As everybody's circumstances are different, it only makes sense to speak with a mortgage advisor who gets to know you and your financial situation. These days, banks are scrutinizing borrowers as never before, so this step should be one of, if not the first step you take before you begin your search for the right property.
For more information or to arrange your financing and a mortgage pre-approval, please call one of the following mortgage brokers, or call your bank, credit union.
Kevin Oake, Dominion Lending, 604-816-6242
Kyle Green, Mortgage Alliance, 604-551-8976
Keep track of the market
Around the first or second week of the month, I email my Real Estate Informer newsletter to all of my current and future clients. It's an update on Vancouver's real estate market conditions and trends. If you would like a copy, just send me your email address and I'll add you to my list.
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