Client Relationship

5 Signs it is Time to Move

time to move

Is is time to move? You may have caught yourself thinking this recently. With the current situation that we are all living in, our priorities have shifted. How we use our space has also shifted. Maybe you are working from home, kids are being schooled at home, decrease in income, or, you just need more space for yourself! Here is what you need to consider.

Best Financial Decision

Increase Income

Real estate is an investment that generally goes up. If you have more disposable income, consider investing in your own home. Upsize, move to a more desirable neighbour, or closer to amenities that you enjoy.

Decreased Income

If you have taken a cut to your disposable income, consider downsizing. It is not comfortable living budgeted to your last nickel. Would moving somewhere small, further away from work and your favourite coffee shop help your budget. If yes, consider it!

Space no longer fits your needsSee the source image

In general we go through changes in our lives that require more or less room in our homes. Having children, suddenly working from home, kids being home schooled. Or, the children have moved out, you have chosen to live on your own no longer giving classes from home. The space doesn’t fit.

Really take into consideration what it is that you need in a home. A home office, extra room for guests, big back yard or some where that you have less maintenance. It may be time to move.

Ready for a change

Feeling suffocated in the city or too far way from everything in the country? Always wanted to have a backyard for the dog and children to play. Getting your hands dirty by renovating a home for yourself? What is it that you are looking to change. Hone in on that. Really get to know what you are looking for any why. After considering everything, you may look at living in a different city!

Different commute

Now you work from home, or your job is now a 2 hour commute in the other direction. Is this the ideal neighbourhood that you want to live in? Would it be beneficial to move closer to work? Consider, travel time, fuel and versus family time and mortgage payment.

Thinking about it (a lot)

You have been thinking about it a lot. Maybe looking online at homes or looking at interior design. You just want a change.

Talk to friends and family. Narrow down what type of property, amenities, location, what can you afford?  After this process then talk to a mortgage broker and a Realtor.

A Realtor that knows the area you are looking in is important! Geoff know subareas of Burnaby extremely well.

Call him today! 604-313-7280

 

Presale Properties – Attracting More Attention

Presale property is attracting more attention then before.

The market of presale properties has interest from several types of buyers. From first time home owners, down sizers to investors.pre sale properties

What are a presale properties?

A developer will sell units in a building before it is completed. The buyer will be asked to put down a deposit of 5% to 10%, depending upon the developer. Presale units can take anywhere from 1 year to 5 years or more to complete.

Why presale?

There are multiple reasons presale properties can work for a person wanting to purchase a unit.

Financial Considerations

  • Flexibility – For the first time home owner, it gives time to get the down payment together. Down sizers have the opportunity to get their current home ready for sale.
  • Investing – buying at todays prices knowing the investment will increase in value.

Easy of Mind

  • Less hassle – new buildings have less problems than older buildings. You are less likely to deal with an out of service elevator!
  • More protection – presale units in BC come with Home Warranty Insurance.

Circumstances Change

If you have decided not to move into your home you have options. You can sell your home or rent it. New properties are always in demand regardless of whether you are selling or renting.

Contact Geoff when you have any presale questions!