Thursday, August 19, 2021 / by Ray Lumenario
Whether you are a homeowner or a real estate investor, you may have been watching the market. The past few years have been unusually hot. In many regions, the price increase has been excessive. After the market downturn, many properties are still selling well.
One thing that currently benefits many sellers is the fear of where the market is going. In areas with moderate exchange rates, rising interest rates are forcing some buyers to buy properties before they can afford them. Many consumers worry about overpaying when they wait too long.
While interest rates are rising, they are still at a very low point. They weren't up enough to knock most potential buyers out of the market. Add in new loan programs aimed at lowering your monthly payments and you will find that there aren't a lot of people shying away from buying.
Most buyers buy because they are ready, not when the market is ready.
Are you ready to move on? Do you have substantial equity in your home? Is your home in go ...
Thursday, July 15, 2021 / by Ray Lumenario
There's a lot to anticipate as a first-time homebuyer, from searching houses online to visiting prospective neighbourhoods. But after the underlying energy of choosing to dive in, what comes next? How long will it be before you're choosing paint tones and acquainting yourself with the neighbours?
Here are the 5 essential tips to assist you with your homebuying
Determine how much you can afford
Consider what your monthly payments are today and what they will be after you bought the house. These includes:
Getting pre-approved means that a lender has reviewed your income, expenses, and credit report and has conditionally agreed to approve you to loan an amount of money for a mortgage. Here are the 5 things you'll need for pre-approval:
Proof of Income
Proof of Asset
Find A Realtor
Most first-time homebuyers want to work with a real estate agent. An ...
Thursday, July 8, 2021 / by Ray Lumenario
Find A Real Estate Agent
Don't simply hire a realtor who always sent you a flyer or one of your uncle's companions or a cousin's friend. Do some research to find a knowledgeable realtor in a specific market, and interview the realtor to make sure that he/she is a good fit.
Your realtor ought to be somebody you feel open to working with, whom you trust to sell your home for as much as possible. Try not to be hesitant to converse with a couple of realtors before picking one.
Understand The Market Value Of Your Home
Your realtor will help you with this. As an expert in this area, your realtor can tell you how much your home's worth is. Realtors have the right tools and resources to find different information about your home, the current market situation and other things related when selling a home. Alternatively, you can always go and check the internet and see what your home worth is.
Make Necessary Repairs
You don't want to put off a buyer because of minor repairs be; ...
Thursday, April 15, 2021 / by Ray Lumenario
Thursday, December 10, 2020 / by Ray Lumenario
Strong Seller Market for Detached Homes and Townhomes In November
The desire for family-sized homes and their benefits continues to dominate. Since the summer, we’ve seen the strongest demand in Fraser Valley Board’s 99-year history specifically for single-family detached and townhomes.
Single Family Home Sales are up 90.3% across Fraser Valley, with 978 units sold in November 2020 compared to 514 in November 2019.
Townhouse Sales are up 51.1% across Fraser Valley, with 532 units sold in November 2020 compared to 352 in November 2019.
Want To Take Advantage Of The Current Market Condition? Here's How...
...CALL SONNY TODAY at 604.593.5055
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Why We Support
As a Real Estate Team in the Greater Vancouver area, we’ve met many clients and hear many stories about kids struggling with various ailments. Through these stories, we have heard about how BC Children’s Hospital has tre5 ...