Monthly Archives: December 2009

How a Realtor Calculates List Price – Comparative Market Analysis for Sellers!

What is a Comparative Market Analysis?

It is the process Realtors use to calculate the market value of properties they market.

How do I do a Comparative Market Analysis?

1 ) Visit the property!

The first thing I do when requested to do a Comparative Market Analysis is to physically visit the property. Visiting the property is key! In my opinion, it is impossible to get an accurate idea of market value on a property without seeing the property. Continue reading

Posted in: For Sellers, How To Sell A Vancouver Condo
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Variable Versus Fixed Rate Mortgages with Jessi Johnson Mortgage Broker!

Last week I had the pleasure of meeting up with Jessi Johnson of the Jessi Johnson Mortgage Team to discuss the merits of a Variable Rate Mortgage versus a Fixed Rate Mortgage.

What is a variable rate mortgage?

This is a mortgage that has an interest rate that changes in line with the Bank of Canada’s prime rate.Variable rate mortgages tend to have a lower interest rate than a fixed rate mortgage, but the interest rate on a variable mortgage can change at any time.

What is a fixed rate mortgage? Continue reading

Posted in: For Buyers, Vancouver Real Estate and Mortgage Financing
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Pre Sale Condo Assignments in Vancouver – What are They? Are they Safe?

Assignments of Pre-Sale Condos in Vancouver

Along with the rise of the Vancouver’s Pre Sale Condo market, the market for Pre Sale Condo Assignments has been a huge money maker for investors in Vancouver Real Estate.

What are Pre Sale Condo Assignments?

A Pre Sale Condo Assignment is when the original Buyer of a Pre Sale Condo sells their rights to a completed condo to another Buyer before that condo is completed. The reason the Continue reading

Posted in: For Buyers, For Sellers, How To Buy a Pre Sale Condo in Vancouver
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