Langley BC Real Estate | Condominums And Town Homes

While getting out of the Langley, White Rock and Surrey rental market may seem like a daunting task, it is a necessary one if you want to secure your financial future and have a stable environment in which to raise your children. Here are a few of the very important benefits of buying a Langley, White Rock and Surrey home versus renting.

#1 Equity
This may be the most important advantage of purchasing a Langley, White Rock and Surrey home that you can truly call your own. Your rent payments are money gone that will never be seen again. When you purchase a home some of the monthly payments will go towards building up equity in your home. At the beginning, a lot of the money will be put towards interest, but as you continue paying off your Langley, White Rock and Surrey home, more and more of it goes towards paying off the principal. This is basically the same as putting money back into your own bank account.

#2 Payment Stability
When you are renting in Langley, White Rock and Surrey, you need to sign a yearly lease that predictably rises in price each year. With a fixed rate mortgage you will have the security of knowing that your payments will never rise, and you will be able to better plan your future knowing your future monthly costs. It will not take long before your mortgage payment will be less than a rental payment, and the money that you are paying will be put back in the form of equity into your Langley, White Rock and Surrey home.

#3 Freedom
Freedom is something we all strive for, and the freedom of owning your own home in Langley, White Rock and Surrey is incredible. You will have the freedom of choice to decorate or reconstruct your house and make it into the one that you have been dreaming of. You will no longer have to fear a landlord knocking at your door, and you will have certain rights that only a Langley, White Rock and Surrey homeowner can have.

Buying your own house in Langley, White Rock and Surrey just makes sense, and when you consider buying versus renting, then buying in Langley, White Rock and Surrey wins hands down every time.

As a local real estate agent in Langley, White Rock and Surrey I can offer you more free information about the Langley, White Rock and Surrey real estate market, including the most recent homes for sale, current property values and more. Feel free to contact me, Andrew Szalontai, anytime with any of your real estate or mortgage related questions and I will be happy to answer your them for you. You can visit my website at www.mylangleyrealestate.com or www.yourperfecthome.ca , which offers complete information about the Langley, White Rock and Surrey real estate market. You can also call me on my cell at 778.862.5542 or email me at andrew@yourperfecthome.ca .

There are two sets of responsibilities that the seller must accept when he is trying to sell his home in Langley, White Rock and Surrey. The first one involves all the technical details of selling, while the second involves the mindset. Both are equally as important, and having them in place will lead to a smooth sale where all participants leave satisfied.

Logistics of the Sale
These are the all-important details of selling the Langley, White Rock and Surrey home. While your real estate agent in Langley, White Rock and Surrey will take responsibility for many aspects of the sale, it is your responsibility to know what is happening along the line. You will be asked to make certain decisions as your agent starts advising you about a home sale, and it is important that you go into the whole process knowing at least a little bit about what it entails. There may be some repairs suggested, some advice about moving furniture and many other little things that will require your participation. You will also be responsible for making the final decision about any offers that are put on the table. The more you know about real estate transactions in Langley, White Rock and Surrey the more you will understand, and the better able you will be to make more informed decisions.

Mindset
This is an important part of selling a Langley, White Rock and Surrey house as well. The most important thing you can do at this point is clear yourself of any doubt of any doubts about the sale. If you have not reached a 100% conclusion that your Langley, White Rock and Surrey home needs to be sold, for whatever reason, this can affect the sale. Both buyers and the Langley, White Rock and Surrey real estate agent you are working with will be able to pick up on your lack of certainty about selling the house, and the end result will be a slower sale or a sale at a lower price. When you go into the real estate market, go into it knowing that you want to sell your home, and that it will be a fast and smooth transaction.

When you work with both of these responsibilities and accept them fully you will find that the process is quite easy, and in most cases quite fast. Your ability to handle the whole situation will manifest itself as a positive result. Work closely with your Langley, White Rock and Surrey real estate agent and let him know that you are willing to accept full responsibility for the sale of your home. This way you will both be on the same page.

As a local real estate agent in Langley, White Rock and Surrey I can offer you more free information about the Langley, White Rock and Surrey real estate market, including the most recent homes for sale, current property values and more. Feel free to contact me, Andrew Szalontai, anytime with any of your real estate or mortgage related questions and I will be happy to answer your them for you. You can visit my website at www.mylangleyrealestate.com or www.yourperfecthome.ca , which offers complete information about the Langley, White Rock and Surrey real estate market. You can also call me on my cell at 778.862.5542 or email me at andrew@yourperfecthome.ca .

VANCOUVER, B.C. – May 4, 2010 –The Greater Vancouver housing market experienced increased activity in April thanks to a steady balance of home buyers and sellers entering the marketplace.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,512 in April 2010, the fifth highest-selling April on record. The figure represents an increase of 18.5 per cent compared to the 2,963 sales in April 2009; 9.1 per cent more than April 2008’s 3,218 sales; and 3.7 per cent more than April 2007’s 3,387 sales. April 2010 sales also represent a 12 per cent increase compared to last month.

“We’re in the midst of another strong spring season thanks to high levels of activity on both the buyer and seller side of our market,” Jake Moldowan, REBGV president said. “The number of homes coming on the market has increased significantly in recent months, which is providing a healthy level of choice for those looking to buy during this busy period.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 7,648 in April 2010, a 64.5 per cent increase compared to April 2009 when 4,649 new units were listed, and a 9.2 per cent increase compared to March 2010 when 7,004 properties were added to the Multiple Listing Service® (MLS®).

At 15,901, the total number of property listings on the MLS® increased 17 per cent in April compared to last month, and is up 11 per cent compared to this time last year.

Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 18.9 per cent to $593,419 from $499,021 in April 2009.

“It was at this time last year when home prices in our region began their recovery from the declines that occurred during the recession period,” Moldowan said.

Sales of detached properties in April 2010 reached 1,370, an increase of 15.1 per cent from the 1,190 detached sales recorded in April 2009 and a six per cent increase from the 1,293 units sold in April 2008. The benchmark price for detached properties increased 21.2 per cent from April 2009 to $818,403.

Sales of apartment properties reached 1,526 in April 2010, an increase of 29.4 per cent compared to the 1,179 sales in April 2009 and an increase of 15.9 per cent compared to the 1,317 sales in April 2008.The benchmark price of an apartment property increased 16.9 per cent from April 2009 to $397,779.

Attached property sales in April 2010 totalled 616, an increase of 3.7 per cent compared to the 594 sales in April 2009 and a 1.3 per cent increase from the 608 attached properties sold in April 2008. The benchmark price of an attached unit increased 16.4 per cent between April 2009 and 2010 to $502,399.

For immediate release: May 4, 2010

(Surrey, BC) – The Fraser Valley Real Estate Board’s Multiple Listing Service (MLS®) saw close to record levels of listings in April, in addition to strong sales and prices.

Deanna Horn, president of the Board, says, “This is a typical, healthy spring market for the Fraser Valley. We received an abundance of new listings in all price categories giving buyers tremendous opportunity, while sellers saw a typical detached home sell in an average of 40 days for 13 per cent more than in April of last year.”

The Fraser Valley Real Estate Board received 3,760 new listings in April compared to 2,477 new listings received during the same month last year, an increase of 51.8 per cent. The new inventory increased the number of active listings to the second highest April on record, reaching 10,635, with only April 1995, at 11,891, offering more selection.

Along with the surge in listings, April sales remained strong, similar to the same month in 2007 and 2008, finishing with 1,793 total units sold, an increase of 38.7 per cent compared to the 1,293 sales sold in April of last year when the market was beginning to recover.

“A number of factors are motivating buyers. Spring is one of the most popular times of year to house hunt, plus interest rates are edging up and buyers are inquiring about the upcoming Harmonized Sales Tax in BC.”

Horn explains, “The Fraser Valley will offer savings when the HST comes into effect because many new homes in our region fall under the new housing rebate threshold.”

Thanks to lobbying efforts by REALTORS® and other housing industry advocates, the threshold to receive the maximum BC new housing rebate was increased to $525,000 from $400,000, the government’s originally proposed limit. Horn says, “It’s important for buyers to know that the majority of new townhomes and apartments in the Fraser Valley cost less than $525,000, including some single family detached homes.”

In April, the benchmark price for Fraser Valley detached homes was $520,423 – reflecting all residential sales on the MLS®, of which approximately 10 per cent were new homes. That benchmark price is 13.1 per cent higher than it was in April 2009, when it was $460,229.

The benchmark price of Fraser Valley townhouses in April was $326,367, a 10.6 per cent increase compared to $295,078 in April 2009. The benchmark price of apartments increased by 8.3 per cent year-over-year going from $230,337 in April 2009 to $249,453 in April 2010.