Category: real estate in british columbia

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How Mortgage rates and Interest Rates Work: Influence of the Bank of Canada

From talking to experts in the finance world I have learned that many people do not know the relationship between the impact of the Bank of Canada rate changes. Many people, according to mortgage brokers I know, think the Fixed rates go down when the bank of Canada rate goes down but they do not automatically. This article explains better than I ever could what happens.
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If you would like to learn more about how I serve my clients in buying and selling real estate in the Maple Ridge Pitt Meadows area please contact me here to book a time for an introductory free consultation.

Once we meet you get your own personal copy of the special buyers or seller guide books I created that help you become more informed about todays more complex real estate buying or selling journey. Knowledge is power.

Sincerely,

David Hennessey

REALTOR®

eXp Realty

604 626 8903

 

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The Danger of Poly B plumbing

Do you know about Poly-B piping?

Polybutylene (Poly-B) piping was popular in the construction of plumbing systems in homes between 1985 and 1997 due to its flexibility and cost-effectiveness in contrast to copper piping. Unfortunately, over time, Poly B pipes became prone to leaks and failures, leading to potential property damage and costly repairs.

In 1997, according to this Poly B educational site, the National Plumbing Code, which oversaw all plumbing trades in Canada, refused to recognize Poly-B and banned its use for constructing any building requiring piping systems.

Information sources:
One 
Two
Three

This is for educational information only please consult your professional plumber to learn more about the problems associated with owning a property with a Poly-B plumbing system.

If you would like to learn more about how I serve my clients in buying and selling real estate in the Maple Ridge Pitt Meadows area please contact me here to book a time for an introductory free consultation.

Once we meet you get your own personal copy of the special buyers or seller guide books I created that help you become more informed about todays more complex real estate buying or selling journey. Knowledge is power.

Sincerely,

David Hennessey

REALTOR®

eXp Realty

604 626 8903

 

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What can your REALTOR do for you?

What can your licensed real estate professional, your REALTOR® do for you?

I will use myself as an example sharing what I offer my clients:

1. Local Market Insights

To help you as a professional REALTOR® I use my access to data pertaining to my local area of specialty Maple Ridge and Pitt Meadows and my experience navigating many types of markets since I originally started in real estate in 1991.  I am trained and experienced in managing offers, writing legally binding contracts, handling negotiations, finances and more.

For you as a seller, as a resident of my area of speciality (Maple Ridge / Pitt Meadows) I stay on top of the market and not only can get information on comparable homes and see what they sold for and when, but as a local agent many times I will have been in the homes that sold that are comparable to yours, this is valuable since I can tell you more about the property. If somehow I missed visiting the property I am regularly in contact with other agents who give me the inside scoop.  In essense, you work with me but you also get my professional network I can draw upon to supercharge my expertise. In addition, as a local agent, I have an understanding as to what buyers are looking for in my area of specialty Maple Ridge and Pitt Meadows.

Note: Even if you are months away from moving I work with my new clients so they can see trends in pricing and anticipate the right time to enter the market.
Do not hesitiate to reach out to me.

For you as a buyer, I can advise you as to what is available in the Maple Ridge Pitt Meadows area. Not only do I have knowledge of the homes I help my clients buy and sell, each week I visit dozens of homes in my area to see the quality and features of these homes and the value they offer. I am aware of  transportation, services, amenities, and even municipal regulations you may have never heard about or find hard to understand.

2. Valuable Negotiation Skills

Continue reading “What can your REALTOR do for you?”

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What Is Radon? Important for Property Buyers and Sellers in British Columbia

According to BCREA, Radon is an odourless, invisible gas that seeps up through the ground and can enter a home through unsealed foundations, cracks in the foundation, gaps in construction materials, and plumbing system components, including sump pumps or drains. Radon gas is also a product of uranium decay. Like uranium, it is radioactive; unlike uranium, it can permeate through rocks or soil, escaping into the air or groundwater. All rocks or soil contain some uranium, but granite, shale, and sandy soils are higher in uranium or radon than clay, limestone, or very moist soil.”

Educational links

One

Two

Three

See the BC Radon Map here

If you would like to learn more about how I serve my clients in buying and selling real estate in please contact me here to book a time for an introductory free consultation.

Once we meet you get your own personal copy of the special buyers or seller guide books I created that help you become more informed about todays more complex real estate buying or selling journey. Knowledge is power.

Sincerely,

David Hennessey

REALTOR®

eXp Realty

604 626 8903

 

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Property Transfer Tax Calculator for British Columbia

 

When you are buying real estate in British Columbia it is very important to calculate and budget for the Property Transfer Tax.

When you click on this link you will find on the website of Spagnuolo law office a very easy to use calculator.

If you would like to learn more about how I serve my clients in buying and selling real estate in please contact me here to book a time for an introductory free consultation.

Once we meet you get your own personal copy of the special buyers or seller guide books I created that help you become more informed about todays more complex real estate buying or selling journey. Knowledge is power.

Sincerely,

David Hennessey

REALTOR®

eXp Realty

604 626 8903

 

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Real Estate: Helpful Tips for Financial Freedom when Buying

Real Estate: Helpful Tips for Financial Freedom when Buying

Income Boost
Consider Downsizing to a home with a basement suite that you can move into in the future if you love to go travelling and rent upstairs so you still have income when you are away.

Consider Maintenance costs
Do you really need a big garden? Is the home energy efficient? how much are the property taxes and if applicable the strata fees these are long term costs that don’t go away.

Consider Repair costs
Does the detached home you are considering buying have a complicated roof that will be expensive to change?
Is the exterior low maintenance? Do you have a low maintenance deck or balcony? How about the fencing?

Reach out to me to get my additional 4 important questions to ask yourself when you are thinking of buying a new home

If you would like to learn more about how I serve my clients in buying and selling real estate in please contact me here to book a time for an introductory free consultation.

Once we meet you get your own personal copy of the special buyers or seller guide books I created that help you become more informed about todays more complex real estate buying or selling journey. Knowledge is power.

Sincerely,

David Hennessey

REALTOR®

eXp Realty

604 626 8903

 

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Questions to Ask your Bank when Looking for a Mortgage

When you’re looking for a mortgage, here are some important questions to ask a mortgage broker Note:  I got these suggestions from a mortgage broker

1. What types of mortgages do you offer?

2. What are the current interest rates?

3. What are the terms of the mortgages you offer?

4. What down payment is required for each type of mortgage?

5. What are the closing costs and other fees?

6. What documents do I need to provide?

7. What is the timeline for approval and closing?

8. Can you hold an interest rate for me in case rates it goes up? If the rate goes down after my pre-approval will I get the new lower rate?

9. Is there a penalty fee I have to pay since my new mortgage will be less than my current mortgage?

10. How will you communicate with me throughout the process?

Once you apply for financial pre approval
Do
* Advise your lender of any address change that is stated on your application, home or work.
* Advise your lender of any salary or wage change
* Be prepared to provide proof of significant bank deposits
* Keep all forms of debt you have paid and in check

Do not
* Make any large purchase using existing credit without first talking to your lender
* Apply for or acquire any additional lines of credit
* Pay off, transfer or close credit balances unless your lender instructs you to do so
* Change jobs without first talking to your lender
* Co-sign for another person seeking to otbain a line of credit or to make a purchase
* Pay off collections before speaking with your lender

NOTE: *** The above information is from one of my information packages I provide to my clients. 

If you would like to learn more about how I serve my clients in buying and selling real estate in please contact me here to book a time for an introductory free consultation.

Once we meet you get your own personal copy of the special buyers or seller guide books I created that help you become more informed about todays more complex real estate buying or selling journey. Knowledge is power.

Sincerely,

David Hennessey

REALTOR®

eXp Realty

604 626 8903

 

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How to Find a Real Estate Notary in British Columbia

Buying and selling real estate is a complicated process and having the assistance of professionals is important. As legal services providers, Notaries are competent and qualified to provide a broad range of legal services. Members of the Society of Notaries Public provide many services including helping you with the Purchase and Sale of Real Estate.

Visit Notary website to learn more

There is a hand FIND A NOTARY search engine on the home page.

If you would like to learn more about how I serve my clients in buying and selling real estate in please contact me here to book a time for an introductory free consultation.

Once we meet you get your own personal copy of the special buyers or seller guide books I created that help you become more informed about todays more complex real estate buying or selling journey. Knowledge is power.

Sincerely,

David Hennessey

REALTOR®

eXp Realty

604 626 8903

 

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What can you expect from your real estate agent?

When you choose a real estate agent to work with it is an important decision and you may be wondering what should you expect of your real estate agent?

With me as your choosen real estate agent you can expect your agent to do the following:

One
Inform you about agency representation by providing you with the official form and discussing it will you

Two
Help you prequalify for financing that matches your needs,

Three
Help you review your needs and wants to find what is most important to you

Four
Helping you locating properties available to view and consider

Five
Arrange a property tour

Six
Do preliminary investigation and timely information gathering for you

Seven
Viewing properties with you and providing guidance and advice

Eight
Assisting you on your selection of the right property to match your needs and want.

Nine
Preparing for you a legally binding contract of purchase and sale and explaining all the details of the contract to you

Ten
Negotiating for you favorable terms and conditions to match what you desire as an end result

Eleven
Assisting you in arranging property inspections and other needed services

Twelve
Assisting you in the completion and possession process.

And more…

If you would like to learn more about how I serve my clients in buying and selling real estate in please contact me here to book a time for an introductory free consultation.

Once we meet you get your own personal copy of the special buyers or seller guide books I created that help you become more informed about todays more complex real estate buying or selling journey. Knowledge is power.

Sincerely,

David Hennessey

REALTOR®

eXp Realty

604 626 8903

 

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Why you would work with a real estate agent?

When you are choosing a real estate agent to sell your home or help you find your next home it is important to ask if you feel the following about your agent:

You trust the agent has your best interest as their top priority
You know your agent is keeping your communications confidential
You know your agent is loyal to you and will act only in your best interests.
You know your agent will avoid conflicts that would affect their duty to act in your best interests.

You must trust your agent and they must be able to trust you, you work together as a team to achieve your real estate goal.

If you would like to learn more about how I serve my clients in buying and selling real estate in please contact me here to book a time for an introductory free consultation.

Once we meet you get your own personal copy of the special buyers or seller guide books I created that help you become more informed about todays more complex real estate buying or selling journey. Knowledge is power.

Sincerely,

David Hennessey

REALTOR®

eXp Realty

604 626 8903

 

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