Summer décor ideas

Summer Décor Ideas

It is not too late to enjoy the last days of summer. Even as back to school approaches, the forecast is still calling for many days of beautiful weather. It is always a nice feeling when the inside of your home reflects the season outside. As one of the premier real estate agencies in Duncan, we would like to offer the following summer décor ideas to help keep your home feeling like a never ending summer.

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Dinner table

Restaurants in Duncan

 

When buying a new house or moving to a new area, one is sure to wonder about the restaurants in the area, and Duncan, British Columbia provides plenty of options. From the weekly farmers’ market to the numerous restaurants of varying types and price ranges, the people of Duncan have access to plenty of good eating opportunities. Everybody likes to eat, and nobody likes being stuck with only a couple of options to pick from week after week. As such, diversity without sacrificing quality is important. Continue reading

Summer

Things to Do in Duncan This Summer

So far, this summer is one for the records. Wherever you are in B.C., there are lots of summer activities to get out and enjoy, and with lots of hot weather still in the forecast, there is still plenty of time to travel, swim or relax. Vancouver Island is especially beautiful during the summer months and offers many spectacular events, activities and things to see and do. As one of the premier real estate agents in Duncan, we would like to offer you a quick glimpse into some of the water and land activities available in and around the Cowichan Valley. Continue reading

Fall

The Benefits of Selling Your Home in the Fall

With summer winding down and the Duncan real estate market slowing, homeowners may be under the impression that they have missed their opportunity to put their home up for sale. On the contrary, fall is an excellent time to sell your house. The weather is still great and autumn activities are in full swing, bringing morale to peak levels and encouraging people to get out and shop for their next home.

Home buyers are dreaming of roasting marshmallows by a toasty fireplace or decorating their spaces with pumpkins and gourds. Fall paves the way for the holidays, and there is nothing a potential fall buyer wants more than to find their perfect home by Christmas. Here are some of the benefits of deciding to sell your home during the fall months. Continue reading

Fixer Upper

Tips for Selling a Fixer Upper

It is time to put your property on the Duncan real estate market, but it needs a little work. Maybe you have lived at the location for many years, or perhaps it was a family heirloom. Regardless of how you came to own a fixer upper, it is time to let it go. Many homeowners fear losing money when they place their property on the market, especially if it is not in good condition or needs updates.

Some who know that their property will be sold as a fixer upper skip the hassle of staging or preparing all together, presenting the home “as is” and setting a low asking price. The reality is that many buyers are drawn to fixer uppers and, if you follow these tips, you might just be able to get a great offer on your fixer upper home.   Continue reading

Hot Tub Maintenance

Everyone enjoys spending time and relaxing in a hot tub, but many people think that owning one is a never-ending trail of maintenance. The reality, however, is that just a few minutes of upkeep a day can keep your hot tub in excellent working order. Here are a few hot tub maintenance tips from the premier Duncan real estate company to help keep your hot tub clean and ready for use year round. Continue reading

Mistakes You Need To Avoid When Buying a Home

If you are buying your first home then these are the mistakes that you need to avoid:

Don’t … bust your budget. – Shopping for houses can make you a little giddy. Look at this one! And this one! For a little bit more, you could get granite countertops, plus an office nook! You’re dealing with such large numbers when you’re browsing real estate that it might not seem like such a huge deal to stretch another $10,000 or $15,000 to get the home you really love. But that’s not a game you want to play. “People look at the top end of their affordable monthly payment, and they don’t really think about what happens if their income goes down or they have to change jobs,” says Derrick. Source: Forbes

Never underestimate the costs involved in buying a property – Remember to budget in the following when settling your finances.

  • Building and pest reports
  • Valuation costs
  • Application fee
  • Solicitor’s costs
  • Stamp duty on properties and mortgage (Australia)
  • Transfer fees
  • Council rates

Source: Wikihow

Not getting pre-approved – After you’ve assessed your credit report, it’s time to establish with a qualified lender how much you can afford. “First-time home buyers need to take the time to get an approval from their lender before looking at homes,” advises Ray Boss Jr., a seven-year licensed Realtor with RE/MAX Realty Group in Maryland. “This includes getting a credit check and giving their lender a copy of W-2s, pay stubs, and bank and brokerage statements.” Getting pre-approved can help you save time by looking for homes that you know you can afford instead of lusting after something out of your price range. And it will put you in a better position over another bidder with no pre-approval. Source: US News

Contact:
Ian Klepsch – Duncan BC Realtor
2610 Beverly St Duncan, BC V9L 5C7‎
+1 855-710-0011

Tips On How to Get Approved For a Mortgage Loan

If you plan on getting a mortgage loan then here are some things that you need to do in order for you to get approved.

1. Know Your Credit Score – It literally takes a few minutes to pull your credit report and order your credit score. But surprisingly, some future home buyers never review their scores and credit history before submitting a home loan application, assuming that their scores are high enough to qualify. And many never consider the possibility of identity theft. However, a low credit score and credit fraud can stop a mortgage application dead in its tracks.

Credit scores and credit activity have a major impact on mortgage approvals. According to the Home Loan Learning Center, a large percentage of lenders require a minimum credit score of 680 (620 for FHA mortgage loans) – and if your score falls below 680, lenders can deny your request for a conventional mortgage loan.

In addition to higher credit score requirements, several missed payments, frequent lateness, and other derogatory credit information can stop mortgage approvals. Pay your bills on time, lower your debts, and stay on top of your credit report. Cleaning up your credit history beforehand and fixing errors on your credit report are key to keeping up a good credit score. Source: Money Crashers

2. Income

  • Employment, salary and bonuses, and any other source of income for the past two years (bring your most recent pay stub, previous year’s W-2 forms and tax returns if possible)
  • The most recent account statement showing the amount of any dividend and interest income you received during the past two years
  • Official documentation to support the amount of any other regular income you may receive (alimony, child support, etc.) Source: Home Loan Learning Center

3. Get a co-signor – See if a family member or very close friend with a higher income and better credit than yours will cosign a loan for you. That means that the loan will be yours and you’ll be responsible for paying it, but if you don’t, the cosignor will have to pay it. Obviously the cosignor will have to have a great deal of trust in you for this option to work. Source: Michael Bluejay

Contact:
Ian Klepsch – Duncan BC Realtor
2610 Beverly St Duncan, BC V9L 5C7‎
+1 855-710-0011

Common Characteristics of a Good Real Estate Investment

Do you want to be in good hands with your real estate investment? Then make sure to be on a look out for the following characteristics:

1. No fixed maturity Unlike a bond which has a fixed maturity date, an equity real estate investment does not normally mature. In Europe, it is not uncommon for investors to hold property for over 100 years. This attribute of real estate allows an owner to buy a property, execute a business plan, then dispose of the property whenever appropriate. An exception to this characteristic is an investment in fixed-term debt; by definition a mortgage would have a fixed maturity. Source: Investopedia

2. Long-term desirability – While a flaw is important, the property also needs to be desirable. This is how you leverage the work that you did to improve it. Desirable properties don’t have to be on Rodeo Drive in Beverly Hills, though. Just about any property can be desirable. It just needs to be appropriate for its area and slightly better than the average in just one small way. Having something that makes it stand out increases buyer or tenant interest, making it easier for you to sell or lease out.

Finding a long-term desirable property also means actively avoiding undesirable investment properties. Four bedroom houses with one bathroom are an example of this. Another example is a property in a rough area that’s getting worse. Source: Trust Deed Capital

3. The ability to spot trends – As with investing in the stock market, investing in real estate requires the ability to notice changes in trends and act upon them. Look at cities like Las Vegas in the 60s for example. What once was a dusty desert became Sin City almost overnight, and millions of people flooded there for their vacations. Imagine how much profit was made by those who got in on the ground.

This is not a one time thing. Houston Texas is becoming a major tech capital of the world, and money is flooding into the city. There are many opportunities that present themselves for those with the foresight to see them. Source: Addicted2Success

Contact:
Ian Klepsch – Duncan BC Realtor
2610 Beverly St Duncan, BC V9L 5C7‎
+1 855-710-0011

Vancouver Island’s Seaside Lifestyle and Climate Encouraging Purchases of Second Homes

Thousands of tourists are journeying in droves to visit Vancouver Island during all times of the year, and many of them are buying homes to settle down. Whether they are permanently relocating, retiring or buying a vacation home, Vancouver Island has been seeing a strong growth in real estate sales from people outside the province looking for permanent “staycations.”

This steady influx of people has helped boost the prominence of Duncan real estate and other housing markets on the island. Continue reading