Tuesday, May 29, 2007

Rates are going up :(

Rates are up across the board.

The Bank of Canada meets tomorrow morning to discuss key interest rate policy and it should be a very interesting discussion to say the least. One thing is for certain, Prime Rate will not decrease tomorrow.


David Shieh

Posted by David Shieh- Abbotsford Real Estate Agent

Wednesday, May 16, 2007

First-Time Home Buying from A to Z Podcast

Check this out. A great way to learn about how to buy real estate for the first timer.

Welcome to the First-Time Home Buying from A to Z podcast, an advice-oriented series for Canadians looking to become home owners for the first time.

We’ve developed this podcast series in cooperation with Sandra Rinomato, real estate expert and host of a popular reality TV show for first time home buyers. Over the course of this series, we'll be providing advice, answering some questions and de-bunking the myths around buying a home, drawing on experts from a number of fields, including some BMO Bank of Montreal experts to get you on the right path toward buying your first home.

Click HERE

Source: BMO.com

David Shieh

Posted by David Shieh- Abbotsford Real Estate Agent

Saturday, May 05, 2007

Knowing Your Local Home Market

Knowing the Real Estate market for both home buyers and home sellers is crucial. Knowing what is taking place within a market at the time you are buying or selling a home can have a huge impact on whether you pay too much for your home or sell for less than what you may have been able to get. The Real Estate market in any community is similar to the stock market or any other commodity-based market. It is cyclical and as a buyer or a seller you certainly want to know what part of the cycle you are in. This will not only help you make a decision on buying or selling, it will
also help you understand what price to offer, or at what price list your home. The best way to receive this information is from a Real Estate Professional that truly understands the market. Do not rely upon rumor or what you read in the newspaper or magazines. This information may not be accurate or could possibly not even be relevant to the particular market you are in. For example, home sales in Vancouver, BC could be outstanding; a true sellers market, and at the same time be very slow in Calgary, Alberta; a buyers market. Each market is uniquely cyclical and you need to have the correct information in order to make a wise decision.

David Shieh

Posted by David Shieh- Abbotsford Real Estate Agent