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, May 13, 2021 / by Ray Lumenario
Although real estate may seem to be a safe bet for anyone, many investors make the same mistakes. Eliminate these errors from your investment activities and you will be well on your way to accumulate the wealth you want.
1. Poor search. Most of us do a lot of research when planning our vacation or buying a new TV. If you were buying one worth 100k, you can bet you would do even more research! Well, you should do that when you buy a piece of real estate, too.
2. Insufficient funding. Real estate investors often like wheels and transactions, and their transactions can have a lot of moving parts. Balloon payments, interest payments only, owner financing, subject to, and many others are ordinary.
•To make a deal, we can get carried away doing everything in our power. Getting a great price does not always justify the treatment if funding is inadequate.
3. Trying to do everything yourself. Although all real estate investors try this one time or anothe ...
Thursday, April 15, 2021 / by Ray Lumenario
Friday, December 18, 2020 / by Ray Lumenario
Investing in real estate can be a challenging process for beginners.
However, there are basic tips that make it more manageable. Real estate is a major investment, so approach it with care and consideration.
Following these tips will help you get started.
Which Investment Method is Right for You?
Most real estate investors choose one of these methods:
1. Buying shares of a Real Estate Investment Trust (REIT)
2. Purchasing actual real estate to rent out or flip
The differences between the two are huge, so this is a big decision.
Investing in a Real Estate Investment Trust
If you select the REIT method, then you'll be purchasing shares of a portfolio of real estate. REITs have professional managers that select the real estate in the trust. This method is similar to purchasing a mutual fund, where you just invest your money and don't have anything to do with managing the real estate yourself.
A real estate investment trust can be a good investment. It's easier to enter the real. ...
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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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 ...