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richmond real estate: Buying Your Ideal Home - 11/24/08 05:45 PM
This could be the best time buying your ideal home. The current real market is adjusting to the uncertainty in the market place. The market has changed from the go go years to an unusually slow buyer's market. Seller expectations are now tempered, and more willing to look at your offer.In the two previous downturns, one in the 1980s and the second one in 1994 to 2000 the market factors affecting sales were different. We now have low interest rates, and reasonably positive economy and low unemployment rate. Home prices are now 10% to 12% lower than those at the end … (11 comments)
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richmond real estate: Richmond Real Estate: Market Value Compared With City Assessment Value - 10/28/08 10:45 PM
Richmond Real Estate Pricing Trend
The most common question asked by home buyers on the value of a home is the relationship between current market price and the city assessment value of a property.
The market value of a detached home is affected greatly by the location, home condition, and improvements done to the house. Homes that are more desirable will command higher selling prices. The city assessment value being an aggregrate valuation of similar homes in the neighborhood, will not reflect the dsirability of a home to a buyer.
What can the city assessment value tells us?
The city assessment … (2 comments)
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richmond real estate: Richmond Real Estate > Housing Report for November 2007 - 12/28/07 07:41 PM
Richmond Real Estate Report
Although there was a drop in the median price for detached houses for November 2007, the year-over-year price was still higher. The number of listings over 90 days month-over-month is the key monthly figure to follow. This is one of the indicators to watch for any sign of market pressure on prices. So far, Richmond’s housing activities on listings and sales ratio remain healthy.
Here are the November median sale prices as reported by the Real Estate Board of Greater Vancouver:
The chart below showed the monthly total active listings, monthly listed and sold detached houses for … (0 comments)
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richmond real estate: Richmond Rapid Transit System > Richmond Real Estate - 12/20/07 04:34 PM
Richmond Rapid Transit System : Positive impact on Richmond real estate value
Richmond Rapid Transit system is a major infra-structure public work connecting Richmond to downtown Vancouver and other parts of metro Vancouver serviced by the BC's Light Rapid Transit (ALR) system which is popularly called The Skytrain System. City planners and economists are in agreement in attributing the economic benefits of efficient public transport system in stimulating economic growth. The sector that benefits the most is the local real estate owners, developers and Richmond City Council.
With the current housing boom, home buyers are snatching up Richmond new condos in … (0 comments)
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richmond real estate: Richmond Real Estate: Could a big price drop be approaching? - 12/09/07 12:01 PM
An article collection by Richmond Sutton Realtor, James Wong:
Prices sometimes fall into substantial troughs, expert says
Derrick Penner, Vancouver Sun, Published: Thursday, December 07, 2006
In a sea of buoyant sentiment about Greater Vancouver's rising real estate prices, a pair of Canaccord Capital Corp. investment advisers are cautioning their clients not to get too high on the gains they've seen.It is not like Mark Hewett and Erik Dekker are doomsayers. B.C.'s economy has a lot of positives, Hewett said in an interview.However, a Canaccord researcher sent some Vancouver price data to U.S. financial analyst Dennis Gartman, and Gartman -- who … (0 comments)
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richmond real estate: Bank of Canada lowers overnight rate target by 1/4 percentage point to 4 1/4 per cent - 12/04/07 03:46 PM
JUST RELEASED - 4 December 2007
OTTAWA – The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 4 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 4 1/2 per cent. Prime drop to follow: 6.00% Since the October Monetary Policy Report (MPR), there have been a number of economic and financial developments that have a bearing on the prospects for output and inflation in Canada. Consistent with the outlook in the MPR, the global economic expansion … (0 comments)
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richmond real estate: Richmond Real Estate - Richmond Realtor - 10/31/07 06:29 PM
What to look for when choosing a Richmond Realtor?
Working with a Richmond Realtor buying or selling your home is a partnership. You need to ensure that your Realtor has the local real estate knowledge and experience to help you with your real estate needs. Find a Realtor you feel comfortable working with, and who is able to promptly communicate with you on all matters relating to your home buying or selling needs.
Get referral from your friends or relatives
You may want to check with your friends or relatives who had previous dealing with their Realtors. You may also check … (0 comments)
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