Sunday, March 8, 2009

Trading Up and Pricing it Right in a Buyers Market

 

When making the decision to move to that new home the most critical question at the start of the process is what will I sell this one for?? Your realtor will work to provide a Comparative Market Analysis (CMA) factoring in recent sales, current listings and those properties that were listed and did not sell. Then arriving at a price range, or in some cases an exact figure. Armed with all this data it’s usually your call to decide an asking price. Being realistic in your pricing is particularly important in a market where prices are falling (Buyers Market). When buying and selling in the same market as in “Trading Up” it’s the net difference between the two property prices that is key to the equation.

 

A buyers market that requires you sell your property for 10% less also allows you in turn, to make a purchase for 10% less. If you sell your $400,000 home for $360,000, or a perceived $40,000 loss. You can then buy a $500,000 home for $450,000 a reduction of $50,000. The difference...

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Wednesday, March 4, 2009

March 2009 Real Estate News from www.gregpaddy.com

 
Dear Clients and Friends,
 

Spring is in the air… and in my garden. The snow has finally cleared from the darkest recesses of the back yard and today some pink blossoms can be seen on yet another unknown plant in my front yard!. Things are definitely looking up on all fronts. As has been reported in local media, February saw an uptick in reported sales through the Vancouver Real Estate Board and further afield. Open homes continue to be very busy with an obvious consumer profile… first time buyer couples. With kids and pre-approved mortgages in hand, they’ve been beating the streets and banging on doors for the past few weekends. It’s exciting to finally see an opportunity for these first timers to get a piece of the action in Canada's most reported and previously unaffordable housing market.

Opportunities in this market are not only limited to the first timer… “Trading Up” is a term used for those who seize an opportunity to leverage the equity in an existing property and take...

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Tuesday, February 17, 2009

Edgemont– A charming Alpine village

North Vancouver is blessed with a convenient collection of small and bustling business centres dotted amongst the neighbourhoods of this friendly community. It is the Village of Edgemont that most accurately represents the uniqueness of North Shore  community.
Located just east of the Capilano River and Capilano Road, Edgemont Village is nestled amongst the very desirable neighbourhoods of Forest Hills, Capilano Highlands and Canyon Heights. Edgemont Village really got its start with the construction of the Lions Gate Bridge in 1937, and soon after residential development commenced with the surveying of lots and property in the Capilano Highlands. It wasn't until after World War II that settlement took place.  In 1945, the District began to advertise building lots "on easy terms from $475 - $675”.

Edgemont Village community works hard to retain the charm of earlier years with a collection of over 70 shops and services... most locally owned an operated, no big box retailer...

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Greg Paddy
Cell:1 (778) 822-5012
Office :1 (604) 913-9000
Fax:1 (604) 926-6929
#200 - 1455 Bellevue Avenue
West Vancouver, BC
V7T 1C3 Canada