Yes... We keep telling you that the time to BUY is NOW... but the market really is picking up. It has been amazing here in Maple Ridge, BC this past couple weeks. I talk to other REALTORS and clients, and we see more and more offers going in and being accepted.
Yesterday I was in a multiple offer situation again. There are still some homes that are coming on the market at the right price. We just have to find them and get the Buyers into them.
Interest rates again are at the lowest rates that I have seen them. Homes are at 2005-2006 levels. First time Buyers need to start jumping as there are some great deals out there, and the lenders still have money to lend.
BUYERS - CALL ME - 604-719-3805 darren@darrenrevell.com www.darrenrevell.com
Need a Mortgage? www.mortgageinBC.com
My daughter and I were driving along Lougheed Hwy this morning and she started asking what is going on with all of the construction signs and why are the speed limit signs all covered up. I explained to her that they are working on the interchange there and that they were making it safer for drivers, pedestrians and also bike riders.
I thought I would check it out today and see just what they are doing. Apparently they have a grant to do some work there but that CP Rail had squashed their original plans because they want to store longer trains in the area. So, they have come up with a new plan to lengthen the merge lane, widen the road, put in a median or two, and make the corner safer for all.
If you want to see information on just what is going on, you can view the plan here :
http://mapleridge.org/assets/Default/Engineering/pdfs/lougheed_presentation.pdf
To find out what is going on in Maple Ridge on an ongoing basis, Please subscribe to my blog.
For real estate information in Maple Ridge and the Lower Mainland, go to www.darrenrevell.com
For mortgage rates and calculators and to apply for a mortgage, go to www.mortgageinBC.com
Thank you for checking my blog. I posted stats a month ago, so it is time to get them out to you again. Please note that there may be a couple more sales in the numbers that post every month as there are sometimes properties that are under contract that have not had their subjects removed. This is only the stats for firm sales. If the numbers have dropped at all from last months stats, that is because the deal had gone firm and then collapsed.
We had heard that December outsold November last year. The numbers in Maple Ridge do not tell that story. It may be board wide, that I haven't checked.. but in Maple Ridge, that is just not the case.
MAPLE RIDGE ONLY...
Detached Homes --- November 2008 - 30 , December 2008 - 22 , January 2009 - 33
Attached Homes --- November 2008 - 20 , December 2008 - 12 , January 2009 - 22
TOTALS - November 2008 - 50 , December 2008 - 34 , January 2009 - 55
So far in February we have a total of 15 firm sales. 11 Detached and 4 Attached. ( There are a lot more that are under contract that do not have subjects removed.)
We had received on Thursday, information from our Board that our sales so far this month were looking like we were going to double January's figures. (For details and total sales for February 2008, subscribe to my blog and get the information in about one month)
For more information on real estate, go to www.darrenrevell.com
For information on Mortgages go to www.mortgageinBC.com
I was asked for more information on this post. As I mentioned in the post, the rates and information quoted was for an amortization period of 35 years, on a 5 year fixed term.
The jist of the blog was to inform people waiting on the fence, waiting for prices to come down, that doing so may not be a good idea. A 1% increase in interest rate = close to 10% in price reduction. (on monthly payment)
Should the interest rates start to go up, they run the risk of losing any reduction in purchase price that they are waiting for. (as far as their payment goes). In Canada, that will make it for a 5 year period (or the length of the mortgage term). In the States, that is for the length of the amortizarion.
So, with the longer term fixed rates in Canada being set by the bond market, lets take a look and see how it has been performing over the past little while. I am not saying that the rates are going to go up, just providing information. You can judge for yourselves.
Looking at the above charts, it looks as though over the last 30 days that the bond rate has moved up almost a half a percentage. Rates are still down at this point. These charts were provided to me by Street Capital (One of our lenders that we use at Dominion Lending Centres)
If you want to see the latest rates, or to apply for a mortgage - go to www.mortgageinBC.com
To search for a home to buy now in this market, go to www.darrenrevell.com
This information is brought to you by Darren Revell at Dominion Lending Centres Mountain View and Keller Williams Results Realty. Both in Maple Ridge, BC.. Phone 604-719-3805 darren@darrenrevell.com
The Maple Ridge/Pitt Meadows Chamber of Commerce
is hosting
Business Mixer Meet and Greet
Thursday, Feb 19th from 5:00 - 7:30 PM
FREE - RSVP Shannon @ Chamber 604-463-3366
Kingishers - 23840 River Road, Maple Ridge, BC
Great opportunity to meet the staff of the Chamber, it's Directors and others.
Celebrate Chamber week in a nice, relaxed environment.
Hope to meet you there.
----------------------------------------------------------------------------------------------------------------
If you know of anyone who is thinking of moving soon, or would like to buy an investment property,
Please send them to www.IsellBC.com
Need help with a Mortgage? Time to re-finance? Check great rates?
Real Estate Agent in BC. Specializing in Maple Ridge, Tri-Cities, Pitt Meadows, Mission, and surrounding areas. Let me know where I can help you.
I am a Real Estate Agent with Keller Williams Elite Realty serving in the Lower Mainland of BC and specializing in Maple Ridge and surrounding areas. See my website at http://www.IsellBC.com.
Use this section to write about your specific areas of expertise. Do you specialize in first time buyers - listing high end homes - etc. Are there specific market area's that you specialize in? The more you write about your area's of expertise the more knowledgeable you'll sound to a potential buyer or seller.
After 22 years in the same home, the kids gone, my husband and I decided it was time to downsize and buy a new home. We had the extreme good fortune to be introduced to Darren Revell, which made the idea of selling and buying less stressful and difficult. Darren prides himself on his honesty and integrity and for good reason - he is one of the most honest men we have met. He helped us completely through the whole process, never left us guessing or wondering what was going to happen next. At one point he had to leave the city for a short duration, but called before leaving to let us know if we needed anything, one of his colleagues was available to us. His reasons for leaving the city were unexpected and due to a family emergency, but he still took the time to ensure we were looked after.
Darren is a great person, an honest individual, who will ensure that you are looked after and your needs are being met. He treats everyone like they are his only client and helps you find a home that you will be happy with - thanks to Darren, we are truly happy in our new home. Yvette and Robin Gascoigne
Selling and / or buying a home can be a very stressful time and finding the right estate agent to help you, that you are comfortable with and feel that you can trust can be an extremely difficult thing. Especially when you are new to a country as we were.
On meeting Darren, we were comfortable with him straight away. Here was an honest man, with professionalism and principles that we felt we could trust. A sincere estate agent, which is a rare thing! He took the time to explain things to us in a way that we could easily understand and kept us on the right track.
He kept in touch with us regularly and we never felt that we had to chase him to find out how things were going. By also giving us access to a webpage where he noted details on the various individuals that had been to see our home and their comments, it was a great way to feel that we were kept in the picture and informed.
He sourced new homes for us to potentially buy and spent the time going round them with us, to help us find the right one that we wanted, and we most certainly did! Darrens help in negotiating the purchase price was excellent and the deal was sweet!
We would not hesitate to recommend Darren to anyone looking for a real estate agent. We appreciate all of his support and time, and not only did we find a new home that we love, but have acquired a good friend in the process.
Helen & Douglas Dutch
In October, 2004 I purchased my first home through the assistance of Darren Revell. Darren was extremely helpful in the searching of the residence. His support, his endless effort, and his knowledge of the field are the reason why I have found my dream house.
I would highly recommend Darren to anyone that is in need of purchasing a home.
Carrie Hudson
Darren Revell has assisted with the sale of a home in the Meadow Highlands Housing Co-operative. The sale arose as the result of the passing of an elderly friend. Darren handled the sale in a professional and courteous manner. He was able to navigate through the sale from an estate without difficulty.
We are happy to recommend Darren to anyone who is looking for a professional in the area of real estate sales.
Please do not hesitate to contact me for more information.
Yours truly, Art Musson, C. M. A.
It is our pleasure to write this note of commendation regarding what a fine job Darren did in handling our property sale and new home purchase. He demonstrated himself to be a professional, honest realtor with a pleasant outlook who provided great attention to detail.
Darren first listened to what our needs were and thoroughly each and every stage of the process in order to make sure we were confident in our dealings. His negotiating skills were very effective and our house sold immediately at the price we had wanted. Darren dealt swiftly with the paper work, kept us informed each step of the way and was always available for our calls and questions.
While helping us locate a new home Darren provided us with listings immediately and set up many viewing appointments on a daily basis. His knowledge of the Maple Ridge/ Pitt Meadows area was exemplary and he gave us his undivided attention while looking for a new home. He always took last minute requests for viewing properties, called us back immediately and accommodated our schedule. He referred inspectors and financial professionals to us and made sure everything was completed in a timely manner.
We had a very smooth, speedy and positive experience with Darren in selling our old home and purchasing the new home that we love.
In fact, we sold our home and had an offer accepted on the home we purchased within 10 days. We would highly recommend him and know he would be just as committed and work as hard for other clients as he did for us.
Sincerely, Alan and Virginia Towers
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