Using the historically high 2021 figures as a benchmark for where market values should aim to be is misleading to potential buyers, investors and home owners. Your home is only worth what someone is willing to pay for it, at the time you are ready to sell it. And you should only buy or sell a home or property when it makes sense for you, and not just when the market is at the lowest or highest point. Yes, it is financially advantageous when you can time the purchase or sale of your property to coincide with the beginning or end of a cycle, but the real return on investment in owning your own home is received while you are living in it and still paying for it. Somewhere along the line we have forgotten that.
Category Archives: Buy/Sell Commercial Property in B.C.
Waterfront Property Rewards Beyond Value Retention
Savvy buyers and property investors look beyond luxury square footage to first locate a one-of-a-kind, spectacular location before entering into any type of residential or
commercial land purchase, and so should you!
Whether you buy .25 or 500+ acres, a land purchase is an investment in the physical geography in that unique location. Highly sought after geographical attributes like, water frontage, clean air, sunshine hours, fertile soil, mild climate, mature trees & timber, the view, the privacy and clean drinking water, all factor into the locations desirability and increases the richness of both lifestyle and market value.
Carefully Calculate Closing Costs as Conveyancing Fees Increase
Many complex and critical steps take place behind the scenes when you enter into a real estate transaction and you should always choose to work with a licensed and reputable conveyancing professional. If you are shopping around for the best mortgage and rate, it now makes sense to shop around for the best deal in conveyancing at the same time.
The Value of a Property Boundary Survey can be Priceless!
Many rural and remote acreages are being purchased this year and lots of buyers are discovering that they need the professional services of a surveyor to begin the process of securing the land with gating and fencing and to plan out the location of new dwellings and outbuildings. A boundary survey adds value to your title, it allows the title owner to confidently create a land use plan and develop the acreage to add maximum value using the land in the best possible way.
Supply, Demand and Debt – You Can’t Print Gold!
The competition is getting tough in several regions including 100 Mile House, Williams Lake, Prince George, Fort St. John, Smithers, Terrace, Kitimat, Prince Rupert, Fort Nelson, Mackenzie and Quesnel all saw incredible sales figures and record prices. Great demand and small supply continues to create multiple offers on medium to lower priced housing. Read More>
Recreating the “Guest Experience”
“Safety in Numbers” has been a long believed group protection theory that gave us comfort. This adage no longer applies to our post Covid existence. Large Groups or gatherings are now to be avoided, so how does one run a Covid compliant accommodation business that remains profitable? The Tourism & Hospitality Industry, which saw record […]
Due Diligence – Risk Mitigation For Buyers
It is the duty of the buyer to gather all necessary information on actual or potential risks involved in a home or property investment. An experienced realtor will assist you through this process, but It is ultimately your responsibility to examine and confirm that everything you have been provided about a listing actually checks-out to […]
Accommodation ownership offers a rewarding lifestyle and a great investment.
Being the owner operator of an accommodation lodging can offer a very lucrative and rewarding lifestyle that allows you to be your own boss while creating un-forgettable memories for thousands of travellers every year. There are many investment opportunities to become a part of this multi-billions dollar industry as numerous operators are nearing their retirement […]
2019 BC Assessment Authority reports a decrease in taxable farm land value.
The 2019 BC Assessment Authority reported a reduction in farm land taxable values for all regions of the province in their January Assessment reports. This can be misinterpreted when you are unaware of how and why B.C. Assessment collects and processes its findings. Only the “land” itself that is approved for farm status is included […]