Mylyne's Top Pick Investments under $400k
  
2 bdrm Surrey condo, rent $1000, mortgage $724
2bdrm Westwood Plateau condo, rent $1200, mortgage $910
Abbotsford 2bdrm up + 2bdrm suite duplex, rent $1800, mortgage $1350
Langley townhouse, rent $1500, mortgage $1230
Mission duplex, rent $1100, mortgage $937
Vancouver 2bdrm condo, rent $1600, mortgage $1450
For those of you looking for rental properties, check out my top picks. Please note that I calculated the numbers based on full asking price, 20% down, and 2.59% mortgage interest.
Did housing market go up with 10%, 20% 30%????
To tell you the truth this market is a bit challenging to analyze. I've seen Mission homes sell $100k over asking, Langley townhouses sell $75k over, downtown Vancouver condos sell at full price... it's been a roller coaster ride. In my opinion, I don't see the so called "bubble" bursting any time soon.
Now what?
If you're thinking of selling, let me show you how I will strategize marketing your home for top dollar. You can be in an area where the recent sales prices have gone up 20%-30% in the last 30 days!
If you're buying, we need to sit down and come up with a game plan. You need to be prepared to pay over asking price and still lose in multiple offers numerous times. Of course there are many ways to stay on top of the new listings as well as come up with an attractive offer but as a buyer's agent, I only allow my clients to lose in a multiple situation if the price is no longer justifyable.
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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