tinaradio

Blog by Tina Mak

Pent Up Demand!

April 30th, 2009

Just a quick note to share with u that the market is turning around way faster than we expected. I'm sure you don't need me to tell u that it's interest rate related together with the great housing price. My colleagues and I are facing between 2 - 10 multiple offers on the regular basis now. It covers everywhere not just downtown, it's in the Fraser Valley to Westside & downtown of course. So ...

US New Housing Appraisal Rules Starting on May 1st, 2009

April 27th, 2009

  
In the last several years, some significant changes in both the real estate and home loan sides of the housing industry have had an impact on real estate transactions. The issue I would like to bring to your attention today could go further and affect the way you do business.

The Home Valuation Code of Conduct (HVCC), which becomes effective May 1, 2009, governs the way in which appraisals ...

706 838 AGNES Street, New Westminster, British Columbia

April 27th, 2009

I just sold this Condo at 706 838 AGNES Street, New Westminster, British Columbia .

View this recently sold Condo or see all my home sales

807 1420 GEORGIA Street, Vancouver West, British Columbia

April 27th, 2009

I just finished uploading this Condo for sale, 807 1420 GEORGIA Street, Vancouver West, British Columbia

Bright 1 Bdrm & Den/Flex Space affordable Condo with great floor plan in The George. Best priced Condo in bldg. On quiet side of bldg. Prime 1st class location just steps to Robson Shops & Restaurants. Only 3 blks to Coal Harbour Seawall & easy walk to Stanley Park. Includes ...

1005 1420 GEORGIA Street, Vancouver West, British Columbia

April 27th, 2009

I just sold this Condo at 1005 1420 GEORGIA Street, Vancouver West, British Columbia .

View this recently sold Condo or see all my home sales

Financing difficulties for Pre-Sale condo in today's market

April 19th, 2009

The developer's price of 2 yrs ago - against today's financing. There are several hundred examples of the pre approved purchaser now being unable to qualify, or needing to come up with a substantially larger downpayment, because the bank will only lend on 80% of the current appraised market value.
 
One of many difficulties pre approved buyer's are facing, is the current price of the pre sell c ...

Mortgage rates unlikely to fall further: Brookfield

April 17th, 2009


Sean B. Pasternak, Bloomberg  Financial Post Mortgage rates in Canada, which have plunged by almost 50% in the last year, aren't likely to fall further, said Phil Soper, chief executive of Brookfield Real Estate Services Fund.
"Certainly with the Bank of Canada's target rate set at virtually zero, there's very little room," Mr. Soper said Tuesday at a conference in Toronto on Canada's real est ...

Vancouver Housing Market moving towards stability to start the Spring season

April 12th, 2009

With lots of projects putting on hold.  It is not surprising that the construction sectors lost a lot of jobs.  People has been predicting that would happen once all the projects complete by 2010 Olympic..  It just came a bit sooner than we expected due to the global economic crisis.  Even with all these once again negative news bombarding us, Metro Vancouver housing market experienced a move ...

Tips when purchasing pre-sale condo in today's market

April 5th, 2009

Due to the market condition, many developers are offering great incentives now.  Pls make sure you do the following:

1)understand the disclosure statement that is provided by the developer.  If you do not understand any part of it, spend some money to get legal advice.

2) Add a clause to say "If buyer don't complete the purchase, this deposit is forfeited as liquidated damages as the sole r ...

Investment Radio Show with Tina Mak Personal Real Estate Corporation

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