COVID-19 is affecting all aspects of life, so what exactly is it doing to the residential financing world? Alex McFadyen from Thrive Mortgage CO and the YVR REMO Show joins James and Denny to talk about how this pandemic is affecting mortgages and how to government plans to help. This episode will focus on BC mortgages, prime rate changes, fixed rates vs variables, renewals, renter situations, how people are reacting and what may happen in the near future.
As Vancouver settles into accepting social distancing and staying at home as the current norm, the real estate industry moves along but with some changes. James and Denny share how COVID-19 has affected their day-to-day lives and how they have adapted to keep the team going. If you have any interests in current real estate dealings, local market activity, real estate financials or ways of developing your business in the downtime please give us a listen!
In a busy Vancouver market dealing with multiple offers on a property is common. In a seller’s world, this can be a great situation to be in. James and Denny share their process of how they work with sellers to get the most out of a multiple offer situation. If you want to learn more about multiple offers, market exposure, seller paperwork, offer presentations and client-realtor open communication.
Buying a detached home will most likely be the largest purchase of your life so knowing what to look for can make a world of difference. James and Denny go through their 10 steps that cover all aspects of buying a home. If you are thinking of buying a detached home this episode will cover finding out how much you can afford, appraisals, site surveys, questions to ask the city, home inspections and contracts.
As the Vancouver markets starts to heat up, multiple offers become the norm and can be very frustrating especially for those looking to buy. James and Denny share how they approach multiple offer situations and what they look for in hot real estate markets. If you are a buyer in a multiple offer situation this episode will provide information on how to gain an advantage and land the property in a bidding war.
Strata Condos and townhomes in British Columbia are on the verge of an insurance crisis due to rising premiums. Increased number of claims, construction costs and climate change have all contributed to these increases. James and Denny give their take on the situation and discuss how much you can expect your strata fees to increase, what to be aware of when buying into strata and potential government intervention.
When is the best time to list your home? Does buying/selling a home at different times throughout the year make a difference? James and Denny go through different scenarios where yearly timing may have an impact on price. This episode will focus on the positives and negatives of selling/buying a home at certain times of the year and how to get the most out of a property whether you are buying or selling.
Mortgages are complicated. Shaun Francis is the Principal and Senior Mortgage Consultant at Bespoke Lending Solutions and joins James and Denny to share information with anyone with a mortgage or anyone looking to buy their first home. This episode will focus on how to afford a mortgage, figuring out a budget, minimum down payments, the first time Home Buyers’ Plan, real estate investments and the stress test.
Are your property assessments down this year? What does that mean? James and Denny try and cover all aspects of this year’s BC Assessment. This episode focuses on answering these questions around property assessments: how accurate is it compared to the actual value of the house? Does it reflect the current market? How is the assessment done and how much can you trust it?