You’ve probably heard people say it before: in this day and age, it makes little sense to buy a home, and it would be a far better option to rent one instead. Real estate experts left and right are saying it, claiming that people should just stick to renting and ignore the age-old advice to buy a home.
When homebuyers see an East Van real estate property that they love, they rarely give much thought to what’s behind the walls, much less what’s underneath their feet. When you’re doing an ocular on a home, ask if the property has a crawlspace, and if it does, be sure to have it check it out by a professional home inspector.
Several factors influence the East Van homes market, including inflation, investment, construction, employment mortgage interest rates, immigration, etc. Each of these affect the supply and demand of real estate properties in one way or another, and in so doing, affects prices as well. There are three classifications that real estate experts use to describe the supply and demand situation in a particular housing market.
If you want to buy a house but don’t want the hassle of maintaining a big yard, you may have considered buying a townhouse. A townhouse often offers a good ‘middle ground’ between a detached home and a full-fledged condo unit because to a degree, they have the best attributes of both. Townhouses represent a growing market in East Vancouver real estate, so if you’re seriously considering to purchase one, it pays to know more about this particular property type before you render your final decision. [Read more…]
Condos and single-family homes have their similarities, but their differences are many, and you have to account for the latter more when selling each type of property. If you have experience selling a single-family home but haven’t yet gone through the process of selling a condo, here are key things to know about the latter process. [Read more…]
Do you have fantasies of owning your own home? Do you dream of a day when you are free of mortgage and live in a home that’s all yours? If you’ve got the ambition to follow through and finances to back it up, there are plenty of Vancouver condos, homes and buildings you can buy, but pinpointing the right one can be a challenge. Here are four questions that you must answer to find out if a Vancouver real estate property is the ideal one for you. [Read more…]
Winter is often a slow time for real estate transactions in Vancouver. Buyers focus their money on holiday expenditures, and sales often languish. If you’re interested in putting your East Vancouver real estate property up for sale this winter, know that it can be a bit challenging to sell it quickly, but it can be done. [Read more…]
Traditionally, a home buyer will have to put down a 20 percent down payment on a Mount Pleasant home he intends to buy. However, some lenders have made it possible to purchase a home with as little down payment as possible. Some don’t even require a down payment at all. However, to receive the lowest possible interest rates and to get out of debt faster, it’s still wiser to make a down payment, and make it the biggest amount you can come up with.
So you’re preparing to buy a new Mount Pleasant home. More than the purchase process, one of the important things you need to consider is to implement ways to save money on your property for years to come. Thinking about these considerations this early will allow you to start saving precious dollars sooner than later. With that in mind, here are three things that you should perform immediately to reduce the consumption and maintenance costs of your soon-to-be purchased Mount Pleasant real estate in the long term.
Some East Vancouver sellers worry that if they reveal certain information about the property that they are selling, buyers won’t be interested buy it. This sometimes happens, and the result is a property that stays unsold for a very long time in the East Van homes for sale market. However, there’s no way around it, because in Vancouver, homeowners listing a property for sale needs to complete a detailed residential Property Disclosure Statement (PDS).