Open House. Open House on Sunday, February 4, 2018 12:00PM - 2:00PM
Open House. Open House on Thursday, February 1, 2018 5:00PM - 7:00PM
Open House. Open House on Saturday, February 3, 2018 1:00PM - 4:00PM
Hiring a Lawyer for your Real Estate Purchase or Sale
Congratulations on your new purchase!
Now, time to deal with all the various legalities to owning your beautiful home. Finding a good lawyer is very similar to finding a good doctor. Just like how you need to see a specialist for your heart, you will need to seek a specialist for your properties. For real estate issues, whether you're closing a deal or buying your own property, it's best to go to the experts -- the real estate lawyers.
A real estate closing can be an overwhelming experience to both the seller and the buyers.Here are some steps to help you pick the right real estate lawyer who can help answer and solve your real estate issues.
Name Your Real Estate Issue
First, you need to identify what type of legal issue you are dealing with. Is it a residential issue, a commercial or industrial issue, an agricultural issue, or a landlord-tenant issue? Or is it an environmental issue? It's easier to narrow down the search for a good real estate lawyer if you identify your real estate problem. It's also important to note that there are real estate lawyers who are litigators -- those who concentrate on lawsuits. And there are real estate lawyers who are transactional lawyers --- those who are experts in doing contracts and transactions. And there are lawyers who specialize on both.
Do Research: Ask the Lawyer Next to You
The first thing you need to do before making a list of your candidates is to work with a lawyer that you have already worked with in the past. He may not be a real estate lawyer, but he or she can help you with other matters like drafting a will. Sometimes, they can also help you find a lawyer whom they have worked with in real estate matters. It's always best to find a lawyer with whom you have had a previous and positive experience. They can give you guidance, advice and tips on current legality issues and refer you to a lawyer that can help your needs.
Ask for a Recommendation
Ask your family and friends who have sold or bought real estate properties or those who have had experiences with real estate issues for referrals and recommendations of lawyers. It is also a good idea to ask your real estate agent for referrals since they would be familiar with the various real estate legal issues. Personal recommendations are always a good way to find an entrusted and reputable real estate lawyer. Asking family and friends for recommendations allows you to hear first-hand experiences and allows you to get to know the lawyer before deciding to meet them.
Search the Bar Association
If you don't have prospective lawyers from friends and family, contact the bar association in the province where your real estate issue is located. This will ensure that the lawyer you will be in contact with has the legal license to practice law in that specific place and if he or she is in good standing. The province's bar association can also give you a list of lawyers who specialize in real estate. If you can't afford the professional fees that go with hiring a real estate lawyer, you can seek help from legal aid programs who can offer financial support.
Make a Short List and Get to Know The Lawyer More
Get to know your prospective lawyer by doing some research about their law firm. Familiarize yourself with their experience and their work through articles in newspapers and on the internet. From there you will know how long has he or she been practicing in the real estate industry. Get to know their experience in the industry and see if it is relevant to your needs. Determine your needs and see if the lawyer's credentials meets your needs, such as requiring a lawyer to be bilingual.
Consult with Your Candidates
Interview the lawyers on your list. You can contact them through phone or if you want to meet up, ask first if they have an initial free consultation before you make a decision. Ask them how they would handle the case; ask whether there are any conflicts of interest. What type of clients did they represent before? Inquire about the fees. Will he charge hourly rates or flat rates? During the interview and consultation, you will not just receive legal advice about your real estate transaction, but also be given an idea of the steps that the lawyer will take to help you with your case. This will help you in making your hiring decision.
Is November a good time to sell a home in Port Coquitlam?
We are currenly experiencing a lack of inventory in Port Coquitlam, Coquitlam, Port Moody, and the surrounding areas.
This translates into a seller's market. A lack of homes on market = increased prices / potential for multiple offers.
in addition, this will put you in the drivers seat when selling your home. You can dictate the dates of the move. If you don't want to move until the new year thats perfect. List your home when there is no competition and the buyers will be more than happy to accomodate your terms.
Give me a call today to find out more. 604-838-1333
Open House. Open House on Saturday, October 21, 2017 2:00PM - 4:00PM
Open House. Open House on Sunday, October 22, 2017 2:00PM - 4:00PM
New Stress Test for mortgages
Canada's banking regulator has announced it's final changes to it's mortage underwriting standards. The most wide reaching change announced by OSFI (Office of the Superitendent of Financial Institutions) is the establishment of a new minimum qualifying rate, or "stress test" for borrowers making a down payment of more than 20% of the homes value.
Previously the stress test requirement only applied to insured mortgages (those with down payments less than 20%) and most variable mortagages and terms less than 5 years.
The stress test requirement, which comes into effect January 1, 2018 means a mortgage must qualify at the posted Bank of Canada's 5 year benchmark rate (currently 4.89%) or the best mortgage rate you can find plus 2%, whichever is greater.
This means a family earning $100,000 putting down a 20% down payment on a 3.09% five year fixed rate amortized over 25 years would have qualified for a house worth $706,692. As of 2018 that same family would only qualify for a house worth $559,896 based on a 4.89% stress test.
The new rules do not apply to renewal mortgages as long as the borrowing is with the borrower's existing lender.
Please feel free to give me a call to see how these and the other new rules will affect you,
Port Coquitlam September Stats
Please click on the "Port Coquitlam September Stats " link below to view the PDF file.
Cleaning your home before moving
Here is the issue:
Someone pays anywhere from $300,000.00 to several million dollars for their new home, gives the sellers the dates needed to align with their purchase, and yet on move in day the home is left in an unacceptably messy state. This leaves the buyer to move into a dirty home because the seller didn't hire a professional cleaner. ($150.00 - $300.00)
Too many times I have heard "the seller cleaned it themselves and said it was clean" from the listing agent. Many people don't realize that a surface clean is not a move in clean. I believe that a seller should have pride in handing over the keys to their home.
How I can help:
I offer a complimentary house cleaning using a professional cleaner with all my listings. The cleaner knows it is a move out clean. They will ensure that the home is ready for the new buyers.
Do NOT clean the home yourself. You have been living there, and you're used to your own mess. The standard of cleanliness is much different when handing over a key to the new owner. Besides... it is one less thing you will have to do before your move!
I have been selling homes in the tri-cities, Coquitlam, Port Coquitlam and Port Moody and neighbouring communities since 2004 and would be happy to help you and your family with your move!
Cypress is offering RE/MAX clients a discount on this years season's pass. If you are interested in more information please call, text or email me directly. It is for a very limited time. Don't wait!
Port Coquitlam February Stats
If you are wanting more information please feel free to call me.
A personal invitation
Please feel free to contact me with any real estate questions. I am located in Port Coquitlam, and specialize in the tri-cities, Maple Ridge & Pitt Meadows areas.
The local condo market is off and running in 2017. Sales are very active, and inventory is low. If you are thinking of selling your home now is the time.
Selling During the Holidays
3 Advantages of Selling During the Holidays:
1. Less Competition - Your not the only homeowners who's considered taking your home off the market during the holidays - most don't want the hassle. And most new Sellers will decide to wait until the first of the year or even springtime to put their homes up for sale.
2. Motivated Buyers - Anyone who takes time out of their busy holiday schedule to shop for a new home is serious about buying now. Perhaps they are buying a home for tax reasons or are relocating to start a new job in the new year. maybe they've been looking for months and just haven't found that perfect home yet.
3. Your Home Looks Great - Emotion plays a huge role in which home a buyer purchases, and you can capitalize on that by making your home cozy and cheery during the showings. tasteful decorations abnd minimum of clutter will allow buyers to see their own families celebrating the holidays in your home next year.
My first ever video... Port Coquitlam
I have lived in Poco my entire life. I can't wait to share it with you and your families.
The most important part of my job is helping my clients enjoy their homes. There are many ways I do that.
The first, of course, is helping clients find the right home at the right price and working with them to make sure the transaction goes smoothly.
Beyond that, I also help by providing ongoing information and recommendations to ensure you're getting the most out of your home. For example, many clients contact me when they have questions about the real estate market or need a recommendation for a good contractor.
That's why I try my best to always stay in touch. It's one of the ways I help to ensure your home continues to meet your needs.
"Please keep me in mind if you, or someone you knows, are thinking of making a move. "
Things to look for in a Realtor
1. Are they local to the area you are looking in? Do they live in the area? Do they have a long history in the area? If they do, then they are much more likely to know all the information you need, which is critical to making the right decisions.
2. Do they work full time as a Realtor? If they don't, they may not be hard working enough and diligent enough to succeed for you.
3. How long have they been a Realtor? While a new to the industry agent can be capable, it just makes sense that experience is valuable.
4. How big are they? Will they be so busy they will pass you off to an assistant? Consider the advantages of working with someone that you will deal with directly at all times.
5. Can they provide you with the names and numbers of other reputable professionals you will need? There are a huge varirty of resources you will need, from Home Inspectors, to Legal, to Mortgage Brokers, and so on. Consider making sure they can refer to you more than one, proven, competent, professional in each area.
6. How will they keep you informed? Can you reach them on their cell? Do you prefer email? Text? Consider how you want to stay in touch without communication frustration.
7. Exactly how well do they know the area? Do they know the bylaws? Building permits? City Hall? Secondary suite information? Taxation? Restrictions? You want to choose someone very familiar with the municipality you are looking in.
8. Do they have great references? Testimonials? Actual people you can talk to about them? Good Realtors are transparent and encourage investigation.
9. Where do they get their business from? Is it anybody they can find anywhere? Are they off to the next one no matter where it is the minute they can? Or do they work off referral? Is most of their business from past clients recommending them? This is a sure sign they are working for YOU!
10. Do they use professionals for photography? The staging? Online presence? If they invest in professional services for you, the results can be staggering.
11. Do they give back to the community? Do they volunteer their time? Do they donate to charities? Are they committed to making the community a better place? Consider how this reflects their passion for helping people and the neighbourhood.
12. Choosing the right Realtor makes all the difference in the world. It can be life changing. Make your choice the right one.
This year has been a great one. The end of year, for almost everyone, is always a busy time. It is made extra special by seeing our friends and family. I am so greatful for the success that I have had this year. I have sold some great properties and worked with some wonderful people. I am really looking forward to what next year brings and am hoping to make it my best year yet. Happy holidays to everyone! Be safe!
Showing In Coquitlam
What a great showing this weekend at 1017 Ogden Street in Coquitlam (R2009393). We had about 100 groups walk through.
Halloween, beautiful weather and a busy life.
The market and my wonderful clients have been keeping me busy!
Today is such a gorgeous day that I thought I would get outside and try to enjoy it while it lasts. Halloween is just around the corner, have you been able to put out your decorations yet? I know I haven't but like at Christmas time I enjoy getting out and looking at what creative things other people have done.