New Medellin, Colombia Listing! INSPIRE POBLADO $193,000.00 Perfect For A Short-Term Rental!

INSPIRE

PRICE: $193,000.00 (650.000.000)   TYPE: Condo  BEDROOMS: 2  BATHROOMS: 3  HALF BATHS: 1  TAXES: $1050.00  MAINTENANCE: $160.00  SQUARE FEET: 1070  PARKING: 2  YEAR BUILT: 2013

Be inspired with great views from your new apartment, rooftop deck with infinity edge pool. Enjoy quiet spaces, contemplate your new life while looking at the lights of the city at night.  Fill your soul with the purest morning mountain breeze.

Notable features include: Gym, jacuzzi, steam room, squash and swimming pool on the roof of the building.

Private Deal

Sometimes people don't qualify for a mortgage by traditional means.  Weak credit, low or no income or other reasons can put some folks on the outside, looking in.  But wait!  As long as you have enough equity in your home, a mortgage can likely be negotiated.

Here is a recent scenario in which I was able to help clients solve their financial situation. 

Clients wanted to substantially renovate their home before putting it up for sale but didn't have the cash needed to get the job done.   Their income prevented them from qualifying for a  Home Equity Line Of Credit (HELOC).

I arranged an OPEN 2nd mortgage of $70,000 with no penalty to break the mortgage when the property sells.

Monthly payment only $638.75.

Clients were able to complete the renovations and sell their home at a profit!

Fixed Rates Have Dropped - Now is the Time to Refinance!

Fixed Mortgage Rates have dropped significantly over the last 6 months, by about 0.5% just since the New Year!  This means that refinancing is even more affordable and now is a great time to explore options for borrowing additional funds. 

If you've been wanting to do some home renovations, get rid of high interest credit card debt, or take care of other expenses, like post-secondary education for the kids, the wait is over. 

When restructuring a mortgage, we can often blend the new funds required right into the current mortgage, meaning that the dreaded penalty is avoided. 

We can also explore adding secured lines of credit to your borrowing, so that you have flexible options around when you spend your money and when you have to make payments on borrowed funds. 

If you or someone you know would like to benefit from today's low interest rates, give me a call today at 778-240-6641

New Listing! 402 - 22290 NORTH AVENUE

A ONE BEDROOM AND DEN CONDO WITH A NICE MOUNTAIN VIEW.

Top floor, high vaulted ceilings, one bedroom plus den, bright mountain view unit. Dark cabinets, dramatic, stunning backsplash, granite counter tops with handy eat-over bar, stainless steal appliances, built in microwave, laminate flooring in the main areas and tile in the kitchen and bath, in unit and bike storage. Convenient to shops in the centre of town and walking distance to the West Coast Express and the waterfront.

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Wow - It's Buyer's Market

As most of you are well aware, the sales of real estate in Greater Vancouver have been slowing significantly since last fall. This has given buyers that were holding off their purchases, a great opportunity to make much better deals.

If you'd like to be ready when the right property comes along, let's get you pre-approved with the right mortgage investment first.

We have many lenders in every area for every type of property and client.

Please reach out to us at 604.496.7587 or send us email at Sprasad@shareemortgage.com

We look forward to connect with you 

Will House prices bottom out this year?

Will House prices bottom out this year?

Housing industry leaders say Metro Vancouverites can expect to see single-family home prices continue to fall this year along with some softening in the prices of new multi-family homes. But if you are counting on the housing market to be hit by a true recession, you may end up waiting a long, long time.

Canadian home sales dropped 4%, average price down 5.5% in January

The Canadian Real Estate Association says last month was the weakest January for residential sales since 2015, with the number of transactions down four per cent nationally from last year. The association says about 23,968 properties were sold through the Multiple Listing Service in January, down from 24,977 a year earlier.

CREA says the national average price for all types of residential properties sold in January was $455,000, down 5.5 per cent from the same month in 2018 — the biggest year-over-year decline for a month since May 2018.

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Take This Survey And Receive A $10 Coffee Card With Your Home Evaluation!

CLICK HERE TO START YOUR SURVEY.

BC Speculation Tax Requires You To Do Your Paperwork

Over 99% of British Columbians are estimated to be exempt from the tax. However, to claim your exemption, you must register your property by March 31, 2019 – and it’s easy to do, either by phone or online.

The information you’ll need to register your property declaration will be mailed by mid-February to all owners of residential property within the taxable regions.

This map shows the areas in BC that are affected by the new tax and this is different than the empty homes tax in the city of Vancouver.

Please note that if your property has more than one owner, even if the other owner is your spouse, a separate declaration must be made for each owner.

You can visit https://www.etax.gov.bc.ca/SVT to make your declaration.

Top Tips For Selling Your Home IN The Winter

Although many sellers shy away from listing their home in the winter months, there are two big advantages to a winter sale:

1. Motivated buyers
Buyers shopping for a home from December to April tend to be more committed to the purchase. Chances are if they request a visit at your home, they’re not “just looking”, like some people do during summer open houses.

2. Lower inventory = Less competition.
With fewer listings on the market, winter buyers have fewer properties to choose from, making your property a hot commodity.

That being said, there are a few important steps to follow when planning for a winter sale:

1.Go lighter and brighter

It’s essential to brighten up your home for Winter open houses and visits. Declutter, make sure every room is well lit when receiving buyers, and repaint your walls a light, neutral colour before listing your property.

2.Stage for the cold

Stage your home to make it feel warm, comfortable, and welcoming. Most importantly, make sure your home is sufficiently heated during scheduled showings. You’ll want buyers to feel comfortable so that they can take their time and appreciate your home’s features.

3. Maintain Curb Appeal

Selling a family home or townhouse during winter also requires more attention to your facade, driveway and front porch. You may not have the advantage of a well manicured lawn during winter, but you do your best to make sure that first impressions are good ones. Salt your front steps and the path leading up to your door to make sure that the ice isn’t dangerously slippery. Porches tend to get messy at this time of year with mud and puddles from winter boots- so take 15 minutes before the showing to clean up the front entrance and welcome mat. You might even consider buying a second, brand new welcome mat that you pull out only on these occasions. Secondly, make sure your windows aren’t fogged up or icy. And lastly, make sure the snow on your front path is shoveled so that your entrance is easily accessible.

4. Create a mood during open houses

Buyers may be braving a snowstorm to get to your showing, so make sure they feel welcomed when they finally get there. Winter is the perfect time to take your open house hospitality to the next level by serving your open house guests some wine or a hot drink when they arrive.