Morris Real Estate Team

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You want to create an illusion of space but in order to do this and not give a stark feel, you should avoid painting walls white.  High Gloss white or Cream make for an easy clean, bright accent trim for mouldings.  If you are selling your home in the winter and you are going to paint in advance of placing your home on the market, you could consider all the warm tones, including a yellow for the kitchen.  Yellow is cheery and brightens the room, especially if there is low light and not too many windows to bring in natural light.  A Terra Cotta tile or accent color in the same room brings the earth tones into your room and creates a natural feeling warmth.  If this is too bold for you, the use of these color tones in cushions, placemats or even the utensils in the kitchen...

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You’ve been saving for awhile, weighing your options, looking around casually.  Now you’ve finally decided to do it—you’re ready to buy a house.  The process of buying a new home can be incredibly exciting, yet stressful, all at once.  Where do you start?

 

It is essential you do your homework before you begin.  Learn from the experiences of others, do some research.  Of course, with so many details involved, slip-ups are inevitable.  But be careful:  learning from your mistakes may prove costly.  Use the following list of pitfalls as a guide to help you avoid the most common mistakes.

 

 

 1.     Searching for houses without getting pre-approved by a lender:

 

Do not mistake pre-approval...

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A total of 617 sales were processed through the Fraser Valley Real Estate Board's Multiple Listing Service in January of 2013.  This was a decrease of 23 per cent from the same time period in 2012.  January 2013 ranks as the second slowest month in the last thirteen yeasrs, second only to January of 2009 during the global recession.  The president of the Fraser Valley's Real Estate Board, says "Buyers have been holding off in hopes that prices will drop more, however it's become clear that sellers are only willing to go so far.  Prices for typical homes in the Fraser Valley have decreased by only two to three per cent in the last six months and in January we're starting to see the reversal of that."

 

A total of 2643 new listings were added in January - 4% fewer than...

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This year Chinese New Years was on February 10, 2013.  What does this mean to you as a Real Estate investor?  Well there are experts predicting that many of the Fathers and Husbands of Asian families living in the Vancouver area will be visiting their families here in the lower mainland, in celebration of the New Years events and that they will be buying property whiel they are here.  Most will return to Asia a few weeks after arriving.

 

There should be, by all accounts many Buyers in the first months of this year, so if you are thinking of selling - you should do it now!  The Vancouver Real Estate market is driven by the Asian community as when the market is 'flying' we often have many Asian Buyers or if we are in a slump, we complain that there are not enough Asian...

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A depreciation report is to help strata corporations plan expenses for repair, maintenance & replacement of common area items.  The report must contain the inventory of the commmon property, anticipated expenses spanning the next 30 years and a financial plan for the contingency reserve fund, in order to pay for these anticipated expenses.

 

I think we will find, in the future that financial institutions will only fund strata corporatins that have done a depreciation report  and by the way, the report has to be updated every three years. I see that Insurance companies will start to require a current report in order to insure your property.  It is a valuable tool for a Seller and equally beneficial to a potential Buyer of a property.

 

The cost of the report may vary...

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Right now is a great time to Buy as we have historically low interest rates and there is a wonderful selection of product to choose from.  As reported by the Fraser Valley Real Estate Board - A total of 617 sales were processed through the Fraser Valley Real Estate Board's Multiple Listing Service in January, a decrease of 23 percent compared to 799 sales suring the same month last year.  

 

"People want to Buy.  We're already seeing early signs of a typical spring market with more foot traffice at open houses and an increase in calls."

"Buyers have been holding off in hopes that prices will drop more, however it's become clear that Sellers are only willing to go so far.  Prices for typical homes in the Fraser Valley have decreased by only two to three percent in the...

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