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Match Maker, Match Maker - Active Rain - You Sent Me A Match
Ring***Ring***Ring
"Hello, this is Sally speaking, Exit Stage Right", said in a cheery voice, of course!
"Hi Sally, this is Wendy Betts, I'm a Realtor® with Remax in South Delta..."
Before Wendy could say anymore, I cried "Wendy, I know exactly who you are - I've seen your posts on Active Rain"!
Chit chat and banter about the joys of Active Rain ensued. Wendy went on to mention that she had a vacant property in Ladner, a seaside community, that needed staging. She had seen photos of my work through my posts on Active Rain and wondered if I'd be interested in helping her out. Ladner is about an hour away from where I live on the North Shore, but I collaborate from time to time with another very talented stager, Wendy Casey, also a member here on Active Rain, who works in the Ladner/White Rock area. I referred Wendy to Wendy(!), but also decided to participate in the staging job, since I couldn't resist meeting Wendy Betts in person. The photo above is me on the left, and Wendy Betts on the right - our idea of a power shot!
If you're looking for a great Realtor in South Delta/Ladner, you need to call Wendy Betts. She's such a warm and friendly person, and really knows her area.
Here are photos of the condo we staged. The furnishings and majority of accessories belong to Wendy Casey at A-List Home Staging. I was happy to be along for the ride and help out.
Thanks, Active Rain, for being my business Match-Maker. This was a match made in heaven!
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WHAT IS YOUR HOME WORTH IN LADNER?
With access to the Multiple Listing Service (MLS) data I will provide you with what you
need to:
Understand how homes compete on price with other properties selling in the area
View homes for sale with photos to better assess the market conditions
... and answer any pressing questions you
may have.
MLS Market Snapshot FOR LADNER
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An unidentified buyer yesterday [June 12, 2009] paid $300,000 for a private parking space in the Back Bay Area of Boston, making it the most expensive parking space, according to Listing Information Network, which tracks the city's Real Estate market.
The Agent who brokered the deal, said several residents at 48 Commonwealth Ave. engaged in a bidding war over the space, driving the asking price of $250,000 up to the record-breaking $300,000. The winning bidder did not want to be identified.
The price is more than what many people pay for a house in the US, but prime parking spaces near the Public Garden in Boston seem to be in short supply.
"There are only so many parking spaces in the city. And in this part, there's very few." - said the Agent.
In the last year, parking spaces in the Back Bay and Beacon Hill Areas of Boston have fetched an average selling price of $134,000, Listing Information Network said. A year earlier, the average cost of a parking spot in those areas was $127,000. The number of parking space sales has also increased in the last two years, from 18 in 2007 to 26 last year.
The owners who sold yesterday's record-breaking parking space live in the historic brownstone at 48 Commonwealth, a multi-unit building prominently located on the corner of Commonwealth Avenue and Berkeley Street.
They are also attempting to sell their posh two-bedroom unit with direct elevator access. The $2.5 million price includes a parking space in the building's underground garage.
The $300,000 space came with few amenities other than the prime location; it is outdoors and uncovered.
The previous record for an open-air parking space was set in 2006, when a buyer paid $250,000 for a space. © Courtesy of Boston[dot]com
Until next time,
Harris First
REALTOR®
Direct 604-295-4091
Harris@HarrisFirst.ca
www.HarrisFirst.ca
www.LadnerTownhouses.ca
Blog http://activerain.com/harrisfirst
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A Disappointed Seller
Many home Sellers are disappointed by the first offer they receive.
As an example, when your Agent calls to say that he has an offer on your home, your adrenaline might start flowing profusely. You get really excited, but your happy bubble bursts when you are presented with the contract.
"It's just not enough!"
The Buyers asked for your brand new washer and dryer, and they also want to postpone the closing for another three months. You don't see how this could work...
Before rejecting any offer on your property - consider making a counter offer. Rarely does an offer look the way it would if you had written it yourself. Consider the good and bad points of the offer, and work with the two agents to find a middle ground that both, you and the Buyers can live with. You may have to go back and forth several times, and there will probably be compromises to be made on both sides. Unless you are lucky enough to be selling in a strong sellers' market, the Buyers will expect to do some bargaining. With a little patience, you and your agent can create a "win-win" situation for you and the Buyers.
Do These Real Estate Situations Apply to YOU?
I've learned these through years of experience as a Realtor.
I sure know that your situation might be different - and that's why I'm here.
My job is to personally advise homebuyers and Sellers.
If you have any questions about these, or other situations you may have heard elsewhere - ask me!
Until next time,
Harris First
REALTOR®
Direct 604-295-4091
Harris@HarrisFirst.ca
www.HarrisFirst.ca
www.VancouverWestSide.ca
www.RichmondBCREalty.ca
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Fixed rates are on the way up; it's time to get locked in.
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With mortgage rates at "emergency" levels - low rates not seen by your parents and possibly even your grandparents - chances are you've considered breaking your current mortgage and renewing now before rates start to rise. Perhaps you want to free up cash for such things as renovations, travel or putting towards your children's education? Or maybe you want to pay down debt or pay your mortgage off faster? If you've thought about breaking your mortgage and taking advantage of these historically low rates, feel free to give me a call to discuss your options. In some cases, the penalty can be quite substantial if you aren't very far into your mortgage term, but we can determine if breaking your mortgage now will benefit you long term. People often assume the penalty for breaking a mortgage amounts to three months' interest payments so, when they crunch the numbers, it doesn't seem so bad. In most cases, however, the penalty is the greater of three months' interest or the interest rate differential (IRD). The IRD is the difference between the interest rate on your mortgage contract and today's rate, |
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which is the rate at which the lender can relend the money. And with rates so low these days, the IRD tends to be greater than three months' interest. Because this is a way for banks to recuperate any losses, for some people, breaking and renegotiating at a lower rate without careful planning can mean they come out no further ahead. Keep in mind, however, that penalties vary from lender to lender and there are different penalties for different types of mortgages. In addition, the size of your down payment and whether you opted for a "cash back" mortgage can influence penalties. While breaking a mortgage and paying penalties based on the IRD can result in a break-even proposition in the short term, if you look at the big picture, you'll see that the true savings are long term - as we know that rates will be higher in the years to come. Your current goal is to secure a long-term rate commitment before it is too late, and here lies the significant future savings. Following is an example of a home that cost $250,000 in November 2008 (just months ago) and what it's worth now, as well as the average change in interest rates, and total savings based on a 25-year amortization: |
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November 2008 |
May 2009 |
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Purchase Price: $250,000- |
Purchase Price: $212,500- |
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Average Interest Rate: 5.84% |
Average Interest Rate: 3.64% |
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Monthly Mortgage Payment: $1,575 |
Monthly Mortgage Payment: $1,076 |
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Amortization: 25 years |
Amortization: 25 years |
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Total Interest Paid Over 25 Years: $225,000- |
Total Interest Paid Over 25 Years: $112,000- |
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Using the above example, you would have saved $113,000 in interest payments alone over 25 years. Imagine the comparison using a higher-end home as an example. |
Until next Friday,
Harris First
REALTOR®
Direct 604-295-4091
Harris@HarrisFirst.ca
www.HarrisFirst.ca
www.CoquitlamHomes.ca
Blog http://activerain.com/harrisfirst
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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