Thursday, 28 July 2011

Positive Outlook for Prince George and Northern B.C.

The following article comes courtesy of Nathan Zurowski at LendingMax Mortgage Corp., Prince George, B.C.
After reading the article I'm sure you'll feel alot more positive about Prince George and the northern half of British Columia. Please open the following link.
Hope everyone has a great B.C. Day long week-end! Barbara

Wednesday, 6 July 2011

Good time to buy a home.

If you've been thinking of buying a home for awhile but have been sitting on the fence I think it's a good time to get serious before interest rates increase. We're hearing from all the mortgage specialists that interest rates are expected to go up soon and just a 1% increase can make a big difference to your mortgage payment. There's a lot of inventory on the market to choose from at competative prices. Don't hesitate to give me a call if you would like more information on the Real Estate Market .
250-614-3727

Tuesday, 5 July 2011

Buying a Condo - Tips on Getting the Best Value

Hi everyone, this article was emailed to me today by Wayne Campbell of Invis Capital North Mortgages in Prince George. I think it's well written and worth passing along. Thank you Wayne!
The receipt of Wayne's email was very timely as yesterday I had taken an offer on a condo. It was the intention of the Buyer's to live in the unit for a couple years and then keep it as rental property when they moved on to a house. In the process of negotiating their offer the listing Realtor advised me that the other owner's in the Strata are considering a by-law that would prevent rentals. Knowing my Buyer's plans I informed them of this possibility and they decided not to go any further with their offer. We are now considering other housing options.

If you're a first-time homebuyer, a current homeowner looking to downsize or a parent considering buying a secondary property for kids moving for school, chances are you've considered condo ownership.

When looking for a condo, finding the best value is all in the combination of the place, the price and the monthly fees. When calculating how much they will loan to you, mortgage lenders count half of your monthly fees, along with other factors such as property taxes and heat expenses.

Hereare some tips to help condo-shoppers get the best value for their purchase:

1. Know what your fees cover. Along with maintenance of the building and common areas, some condominiums will include part or all of your utilities or property taxes in your fees, while others keep them completely separate.

2. Check the reserve fund. The corporation responsible for the condo development should have a reserve fund that's large enough to cover the cost of repairs to the building's common elements. A status certificate (or Estoppel certificate in some provinces) will show any planned developments that could increase your monthly fees or require a special one time assessment. You can find similar details in the condo corporation's annual meeting minutes.

3. Think twice about upscale amenities. Keep in mind that building features like pools, saunas, deluxe fitness areas or large common rooms typically require higher condo fees to cover the upkeep. Consider whether you'll really use these features enough to make the extra cost worthwhile.

4. Check the regulations. Make sure you're aware of any bylaws governing your condo development that could affect your lifestyle. For example bylaws may restrict household pets, gas barbecues, working from home or renting the unit to a tenant.

5. Consider your neighbours. Is the building mainly occupied by owners, or renters? Residents who own and have a vested interest in the building may be more careful about upkeep.

Tuesday, 28 June 2011

Tips for Home Sellers

Staging your home can make a number of small changes to a property that can dramatically shorten the time it takes to sell your home.

Here are my 5 favorite tips for getting a house ready to sell:

1.  Stash your keepsakes and keep your home clutter-free:
Your treasured keepsakes may look like clutter to potential buyers. It distracts them from appreciating the house itself and can lead home buyers to reject your property. Decluttering is essential. If you're having a tough time parting with things, rent a storage locker so you can keep your beloved items while you're selling the house, and then have them delivered to your new address after the move.

2.  Avoid wandering eyes:
You want to make sure that little problems in a room won't cause a potential buyer to focus on one flaw after another, thinking about all the work they'll have to do and how much less they should offer you because of it. You want them to see the bigger picture and imagine thmeselves living there. Do a walkthrough to spot these typical problems. Look for chipped paint on the door frames, which can be filled with "white out." Peeling wallpaper should be glued back down. Ensure there are covers on all electrical outlets and light switches, and replace any that are cracked. Repair drippping taps and moldy caulking. These little things make a big difference in the buyer's mind.

3.  Color is your friend when it's time to sell a house:
In most cases, white walls look cold and sterile. If you have to repaint a home's interior or some rooms in a home, choose a pleasing color palette that allows each room to flow nicely into the next. All colors should go together. Try to repeat one signature color throughout a home. Maybe the feature color in one room can be used as an accent in the others, through accessories or throw cushions.

4.  Make a big impact with a little art:
By strategically using art, you can enhance a home's perceived value, draw the eye away from tiny flaws and give an otherwise uninteresting space a focal point. Don't just throw things on the wall where an old picture hook happens to be. Position art at eye level and use pieces that are appropriate to the size of the wall. Art with a large frame on a small wall can make the entire area seem smaller. Avoid religious art or anything edgy that could be offensive to some potential buyers.

5.  Reduce drive-bys:
Curb appeal helps draw perspective buyers into your home. If the outside of a house looks unkempt, it creates an impression that the property is not cared for. To enhance curb appeal:
Ensure the lawn is freshly cut and that leaves are raked. In winter, snow should be shoveled from the driveway and walkways.
Make the entrance more welcoming with a seasonally appropriate urn or hanging plant.
Repair or replace any obvious defects. Often this is cheaper to do than a prospective buyer will imagine.
Make sure the walkways and porches are swept clean and garbage and recycling containers are tucked away at the rear of the house or in the  garage.
Ensure the exterior gets a good pressure wash and the decks are scrubbed clean. It's a good alternative to painting. Once everything's clean, you might discover it doesn't need to be repainted at all; perhaps just a touch-up will do.

These a just a few of the many things that can be done to improve your home's appearance and to make it more appealing to homebuyers. While the steps can be time consuming, the results are worth it.

"according to inernationally recognized home staging expert Debra Gould, The Stagin Diva"
     
     

Monday, 13 June 2011

Go Canucks Go!!!

Can't wait for the hockey game, I've got my white towel ready to wave. I have a feeling the Canucks will be drinking out of the Stanley Cup tonight. Go Canucks Go.

Thursday, 2 June 2011

Many new listings of homes for sale in the Prince George area

If you're thinking of buying a home now is a good time to do so. In the past three days alone there have been sixty eight new listings in the Prince George Region. We are also seeing many price reductions on homes that have been on the market for awhile. Whether you're upgrading, downsizing or you're a first time home buyer there's plenty of inventory on the market to choose from. Interest rates are also low so it's a great time to buy.
Hi everyone, I want to tell you about the new raised vegetable bed I've put in my back yard. I've always wanted to have a small vegetable garden, nothing that requires a great deal of work but one that makes me feel I am at least trying to cultivate some of the food we consume. Putting in the bed was not a solitary venture, I had lots of help, beginning with obtaining the rough sawed 2" x 10" fir boards. Those came from good friends in Fort St. James; Joyce and John Helweg who have a small sawmill. Next, delivering the lumber to my house in Prince George; for that I asked more Fort St. James friends; Sharon Buck and Earl Christian who were coming into town to visit their Grand daughter. Now, we're logging as the boys in the 'Fort would say. A spot was chosen for the bed, right next to the newly planted raspberry patch and last week-end with the help of Simon and Josephine Nyandwi, new friends from Burundi, the sod was removed from the site and hauled to the City compost. On Monday evening Joyce was in town so we put the lumber in place to frame the bed and nailed it together with the few nails I had on hand. Then it was decided that perhaps the frame should be reinforced and screwed together so on tuesday evening my Grand daughter; Alex took care of that part of the construction and we were ready for the soil. 1 1/2 yards of outdoor garden soil was purchased from Art Knapps and arrangements made to have it delivered. Thomas; a helpful, good natured young man who works at Art Knapps showed up last night just before 6 and in no time the bed was full of the most beautiful black dirt to be seen. So, now, everyone is standing back and waiting to see what I can grow. Since it's so late in the season I'll probably just plant swiss chard, yellow beans, early yellow squash and probably a few onion sets. But, next year, watch out, my little raised bed on Douglas street will be the envy of the neighbourhood. There's no one so optimistic as a northern gardener with good friends!