Buying

1. What type of property should I purchase?
2. Is now a good time for me to buy in the Vancouver market?
3. Is this a good time for me to buy personally?
4. What makes the most sense for my lifestyle?
5. What are my wants and needs?
6. Do I really need a realtor?

1. What type of property should I purchase? 

Are you looking for land, to be part of a strata, to own a condominium, get into a new development or pre-sale, buy a re-sale property, or have a guaranteed investment?  What is your budget and where does that position you in today's Real Estate market?

 

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2. Is now a good time for me to buy in the Vancouver market?

 

The price point for an apartment in Greater Vancouver rose by 50% from January 2001 to January 2004. All indications show signs of the market slowing down. The pre-Olympic push and low interest rates are contributing factors driving the economy and in-turn the Real Estate market. The global exposure the Olympics will bring to Vancouver and the infrastructure that will be built as a result are very positive aspects. Potential investors worldwide will get a chance to see this beautiful city - remember the growth after 1986?

 

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3. Is this a good time for me to buy personally?

 I believe that there is no such thing as a bad time. Property will go up. Pay your mortgage or pay someone else's mortgage... what is most important to you? With interest rates at an all time low and the market showing no signs of slowing down……jump in now and be a part of enjoying the positive wave.

 

As an investor you have to prove to yourself that this market will outperform the other options you have in front of you and that the juice is worth the squeeze.

 

There are certain neighbourhoods that are booming, others that have peaked and some that will continue to surprise everyone. Darin Chamberlain can educate you about what areas will explode now or direct you to properties that will be strong performers in time.

 

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4.  What makes the most sense for my lifestyle?

1. Affordability: Know your limits. Consult with a mortgage broker or lender to find out what is available to you, then do some hard thinking to determine how much of your disposable income you are really willing to part with every month. Once you know your boundaries we can look at placing you in the most favorable home situation.
2. Location: There's no point in living in Kits or Yaletown if you can't afford to eat out!
3. Time: Renovations often pay dividends but does your lifestyle allow you the time and flexibility to live through the chaos. Is it really worth it to you personally?

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5.  What are my wants and needs? 

If you choose the right realtor for you then the two of you can communicate and work together in order to attain your goals.

 

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6.  Do I really need a Realtor?

Just like any other important decision you will feel more confident after you seek out a professional who has extensive knowledge and gives you confidence in the choices that you make.

 

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