May 2016 - Edition 26

Scott Ko - Mortgage Broker

MortgagesLab

scottko@mortgageratesbc.net
778 869 8638

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Life on the Shore - May 2016

 

MayForeclosure

Well, we've got our first regatta race in our pockets and looking forward to more races this year, as I've noted in past newsletters, travelling with our son to these races also gives us date weekends as this takes us away from the usual chores of home ownership.

Speaking of chores, we decided that putting bark mulch in our garden beds was the best way to keep weeds and maintenance down, I discovered that the North Vancouver transfer station has beside it, bark mulch for sale along with garden soil, the bark mulch that we went with cost $28.30 (crazy cheap) for a yard, I pull up in your pick up truck (or a trailer), pay and they dump a yard of bark mulch into the bed, in and out in under 5 minutes. 

For those of you who like looking at foreclosure listings, I've partnered with 2 agents, Eldon Whalen and Stan Stanchev, click on the link above for Eldon's offerings and below for Stan's

http://www.vreg.ca/members-full-access



US vs. Canada

 

If you haven't seen the movie The Big Short, I highly recommend it with some great performances and real good insight on what happened when all hell broke loose in the US real estate market in 2008.  

Here is an interesting article on why the "big short" won't happen in Canada.

http://www.huffingtonpost.ca/ypnexthome/the-big-short-canada_b_9307482.html



3 Ways to Spend Time Wisely

 

How wisely do you invest your time?

If you find yourself saying,"I could make more calls if I just had more time," you may be squandering your most precious time and limited resource.

The bad news is that you can't make more time. Each hour only has 60 minutes, each day only 24 hours and each week only seven days. The good news is that you don't need to.

Here's how you should and shouldn't spend your time:

1. Don't spend time on things that lie beyond your range of effective action.

It's great to be ambitious, but it's a waste of time to attempt the impossible. Don't try selling snow cones to Eskimos or fur coats to Fiji Islanders.

2. Don't spend time on things that you can accomplish easily enough but that don't lead you toward objectives.

Another term for this is called wheel spinning. If you are selling, make sure to deal directly with the person who makes decisions.

3. Do spend time on things that you can accomplish and take you toward your objectives.

These are the activities you want to devote the major portion of your time to. These are the important activities. Learn to differentiate between the urgent tasks and important tasks. There's a huge difference. Urgent tasks are things you have to do immediately to avoid some kind of crisis. Important tasks are the things that move you toward your goals.



First Time Home Buyers' Tax Credit Eligibility

 

Lots of people ask about this, so here is the 4-1-1 on the First Time Home Buyers' Tax Credit.

Did you buy a new home in 2015?

You can claim an amount of $5,000 for the purchase of a qualifying home acquired in 2015, if both of the following apply:

- you or your spouse or common-law partner acquired a qualifying home; and
- you did not live in another home owned by you or your spouse or common-law partner in the year of acquisition or in any of the four preceding years (first-time home buyer).

Not sure if you're eligible? Check out the video here:

http://www.cra-arc.gc.ca/vdgllry/ndvdls/menu-eng.html?clp=ndvdls/hmbyrs-eng&fmt=mp4



Creating your Home's Flow & Energy

 

Feng Shui video

Imagine improving your health, grades, & relationships just by rearranging your furniture or coordinating the colours of your room.  Well, all of this is possible according to the ancient study of Feng Shui.  

The idea of Feng Shui revolves around the belief that the earth's energy, called Chi, should flow freely throughout space, creating peace.  

Feng Shui originated in ancient China & continues to guide how buildings are designed & furnished.  Experts on the topic note that, in order to see positive affects, you should always keep a positive attitude to encourage positive Chi to flow naturally through your room or house.  

So, what can you do to improve the energy in your dorm room or apartment or home?  

One good place to start is by looking at the Bagua Map illustrated. To utilize the map in your room, stand in the doorway facing in, & imagine the bottom of the map (black) is the wall next to the entrance; if your door does not face North, just rotate the map so the appropriate direction is closest to you.  The map will point to which corners & areas of the room correspond in the picture.



Client vs. Customer - There is a Difference!

 

The most important difference between a “CUSTOMER” and a “CLIENT” is that a client receives ADVICE from a realtor!!! Realtors cannot legally give advice to a customer...this is reserved for buyers or sellers who have a contractual relationship with the Realtor.

That means only Buyer Clients can get advice on prices of homes they viewed, guidance on how to structure an offer in their own best interest, as well as many, many other questions and concerns that need to be addressed.

Being just a customer is not an advantageous position to find yourself in!

So, do not be confused that the friendly real estate salesperson driving you around showing you homes is automatically on your side.

Make no mistake, unless you have a written agency agreement with that salesperson, the real estate act and the law of agency obliges them to act in the best interests of the seller, not you!

So if you choose to disregard this opinion and be sold by the Seller's agent, "Let the BUYER BEWARE."



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