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…
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…
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…