Tina Mak

Is it a good idea to sell and rent?   NO! NO! NO!   I've been hearing a lot of home owners including some colleagues in my industry believing our market has topped and are considering selling now when the market is still high(according to their own definition), then rent a while and wait to buy back when prices are lower.  It seems that all of a sudden these people have a crystal ball and like the stock market are trying to sell high and buy low.   This is one of the reasons why all of a sudden we have inventory is high pushing prices down.  I understand why some of the real estate speculators need to sell because they

Perfect Market for 3 groups of Buyers 

I believe the audience must have heard of the real estate report from the real estate board on the media. You can read the whole report at http://www.tinamak.com/VancouverArchives.ubr.  Yes, our housing prices have dropped but only by an average of 2.3% for the detached properties, 1% down from the attached property and 2% down from apartment.  Sales volume has definitely dropped quite a bit.  However, this is absolutely normal when the real estate speculators are out of the market.  Moreoever, if you compare to the great run we had in the last 7 years with so many properties doubled

I just finished uploading this Condo for sale, 2904 1200 ALBERNI Street, Vancouver West, British Columbia

Spectacular corner unit w/mountain,water,city NE view from all rms located in downtown core are w/9'ceiling,new paint,laminated fl,huge wlk-in closet,bal,den was 3rd br,2pkg+locker w some new appl. 24hr Concierge,1blk 2 Robson, Shangri-la.

I just finished uploading this Condo for sale, 1503 977 MAINLAND Street, Vancouver West, British Columbia

Grouse Mountain view! 1 bdrm & den w/ $7,000 upgrades including German seagrass flooring, custom audio/video cabinet w/ surround sound system. This bright ultra modern furnished apartment rented @ $2,000 per month w/ balcony & locker. Furni ture can be sold separately.

US Housing Market Recovery Bill:   On 27 Nov, 2007, an article by Joe Kay said the credit crisis reveals widespread accounting manipulation by top US banks.  The whole situation got out of hand and that's why their housing market is in today's turmoil condition which threaten the economy as a whole.    If you remember last week I talked about the survey done in US saying home buyers believe the housing market will get better once the new President is in office.  Well, it proves that the current government decided to deal with this housing crisis matter before the New President is being elected.  July 31st, 2008, President

Back to Basics!   The booming real estate market we had in the last few years involves a lot of real estate speculators besides the real home buyers.  Buyers paid "Future Value" on the pre-sale project HOPING to make profit on top of the price they paid.  A lot of the buyers bought more than one units in different projects around town expecting to make quick profit by completion day.  Since our market is not allowing those buyer to make their "expected" profit, they either have to prepare for the down payment & complete on the deal or I have heard some just want to get their money out by assigning the contract over

ARE YOU THE VICTIM OF THE PROPAGANDA?  

The state of the economy and greediness are two major elements that determined whether home owner will face financial hardship.

As we know the US housing market is flooded with foreclosures and most of us worries if this will happen here in Canada especially in BC.  Based on the Canadian Bankers Association tracks mortgage delinquencies -- which occur when mortgage payments are three or more months in arrears. The numbers are from Canada's seven major banks, which together issue about 60 per cent of the country's mortgages.  In B.C., up to April 2008, only 0.15 per cent of

How do I take advantage of today's market?   Buy when the market is less active and stop being a procrastinator.  Nobody can time the peak market to sell nor the lowest market to buy. Traditionally, no matter it is stock or real estate market, buyers tend to buy when market goes up but hold off and watch when market is less active.  I'm sure all the lines up at all the pre-sale project sites in the past few years are still fresh in our mind.  Most likely you yourself or one of your friends were one of them too. 

One thing I don't get is Sellers tend to sell when everybody is selling which means lots

I just finished uploading this Townhouse for sale, 5578 BROADWAY, Burnaby North, British Columbia

Ground Level 2-Bedroom/1-Level Townhouse with great front yard, extensive renovations. Features electric fireplace, new kitchen appliances, all new flooring including laminate flooring, French door in living room opens to enclosed solarium. Walk to school and skytrain.

I just finished uploading this Condo for sale, 2204 4425 HALIFAX Street, Burnaby North, British Columbia

Well kept 3Rm w 2ensuite & 3rd full bath, 1620sf, high ceiling subpenthouse w unobstructed S.E. W 270 degree View. 2 huge decks w access from all rms. Spacious kit. w eating area. Walk 2 Brentwood Mall & trans. Yet far from all noise.