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. 2) Only Analyze What I Know. Local Expertise is Key! I can only do an accurate market analysis on properties I… Find out more

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? A fixed rate mortgage has a set interest rate… Find out more

Pre Sale Condo Assignments in Vancouver – What are They? Are they Safe?

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 word "Assignment" is used is because the original Buyer assigns their rights to the new Buyer. The Seller of an assignment is the Assignor and the Buyer of an Assignment is… Find out more