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Posts from the ‘First-time Buyer Friday’ Category

Free Real Estate Seminar In Sooke: Buying Your First Home

Log Cabin In Sooke

Is 2016 The Year?

Learn all about mortgages, real estate, and how to buy your first home


Coming up Wednesday, January 27, 2016, you can spend a couple of hours with three of Sooke’s real estate and mortgage professionals learning about strategies you can use to get into your first home in 2016. The seminar is free, but you must pre-register, as there’s limited space.  Read more

30 Days Left To Claim Your $10,000

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Yeah, there’s $10,000 there. I counted. Really.

This is going to sound like a pitch – but I promise there are no balloons, streamers, or wacky waving inflatable arm-flailing tube men here. If you’re a first-time buyer, there has never been a better time to buy a new home… Read more

Upcoming First Time Buyer Real Estate Seminar – Sooke, Victoria, BC

Is this the year you stop paying rent and start paying yourself? If you’re considering buying your first home in 2012, you should make sure that you join me on February 15th (Langford) or February 16th (Sooke) for a free and informative interactive seminar – Buying Your First Home.  Read more

What Does Net HST Included Mean?

 

Here’s a question from a reader of the blog:

I saw on a listing for a new house “Net HST Included.” What does this mean?

New homes in British Columbia are subject to the HST of 12%. However, to lessen the impact, there is also a rebate from the Provincial government on a sliding scale, depending on the price of the house. The impact is that you never pay 12% HST on the purchase of your new home. Embedded below is a spreadsheet of the actual amount payable.

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Feb 15, 2011: Free Victoria Real Estate Seminar: Buying Your First Home

 

 

 

Is this the year you buy your first home? There are plenty of great properties on the market, and prices are more attractive than in recent months. Interest rates are still low, but expected to rise this year.

How much do you need and how can you save for a down payment? What’s the best type of mortgage for you? What homes are available and what sorts of programs are out there to help a first-time buyer?

How will the new mortgage rules that come into effect this year affect your buying power? Do all homes have HST applied to the price?

All these questions and more will be answered at a fun, free, interactive seminar I’m putting on next month with two other professionals.

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Oh My God, What Have I Done?!

 

 

Sleepless Nights

I think it should be a rule that REALTORS® have to complete one real estate transaction of their own every five years at a minimum. This would help put things in perspective and make us better agents. Having just completed a transaction for me and my family, I can certainly relate to the stress, anxiety, and sometimes, sleepless nights that a buyer experiences. I had purchased a home before, but it was 7 years ago. When we do many transactions each year for different clients, they tend to become routine (in most cases) and we can lose sight of the client experience. As much as we all think we understand our clients, it is worthwhile to become one every now and then to make sure.

In my experience, I had at least two sleepless nights, and more anxiety than I care to admit, wondering what the hell I was thinking buying a bigger house. I’m a pretty logical, reasonable guy, so this was not an impulse buy in the least. I calculated, re-calculated, extrapolated, and otherwise contemplated this purchase for the past 6 months at least. Once I had found the right house, I triple and quadruple checked my math to make sure I wasn’t committing financial suicide. I think I got a pretty good deal on my house – you’d think an experienced agent would know!

But all that doesn’t matter when those nagging, anxious thoughts creep into your brain late at night! No matter how illogical and frivolous these thoughts are when you really think about them, it can scare the crap out of you and shake your confidence so easily when they run away with your brain.

It’s Normal

Everyone feels this way. Talk to your friends and colleagues. Talk to co-workers and your family. Chances are they will have had similar thoughts and feelings when they purchased their homes. And it’s not just the first-time jitters. I talked to another agent friend of mine who has completed five or six transactions in the last 20 years or so, and he still freaks out every time. The key is to work with a team of advisers (mortgage broker, REALTOR®, financial planner, etc.) that you trust. They can help separate the important, key details from the noise of your subconscious mind that is keeping you up at night.

It Will Pass

For me, all the anxiety and stress disappeared the morning after the move. Here we were in our ‘forever’ house: me, my wife and our new baby daughter, and a pile of boxes and disarray. And it was perfect.

What about you?

Were you stressed about your first home purchase? What about your second or third? Did it get any better? When did it pass, and what advice can you offer readers about home-purchase anxiety?

Tim Ayres – Sooke Real Estate Professional

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Upcoming Free Victoria Real Estate Seminar: Buying Your First Home

Sure, it’s getting close to Christmas, and no one wants to move, but why not get educated so you can plan for your first home purchase in 2011! There are plenty of great properties on the market, and prices are more attractive than in recent months. Interest rates are experiencing a double-dip with near record-low rates!

How much do you need and how can you save for a down payment? What’s the best type of mortgage for you? What homes are available and what sorts of programs are out there to help a first-time buyer?

How hard is it to qualify with the new mortgage rules that came into effect this year? Do all homes have HST applied to the price?

All these questions and more will be answered at a fun, free, interactive seminar I’m putting on next month with two other professionals.

Jeremy Kimm, CFP, FMA, Financial Consultant, Investors Group Financial Services Inc.will talk about how to save for that ever-important down payment, and government programs to assist home buyers. Find out the details of how to borrow from your RRSP tax-free to help you buy a house, and other tricks of the trade.

Robert Boyd, Mortgage Expert with Dominion Lending will present on the various types of mortgages that are available, how to apply, and how to get the best rate possible to save you money. Learn about mortgages and rates, amortization and prepayment and take the mystery out of mortgages

Tim Ayres (that’s me!), REALTOR® with Royal LePage Coast Capital Realty will walk you through the home-buying process – how we search for a home together, showings, offers, negotiation and finally, getting the keys to your new home. Find out what to look for, how to ensure you get what you need, and how having an experienced REALTOR® on your side can help.

When: Tuesday, November 23rd, 2010, 7PM.

Where: Investors Group Westshore office, 201 – 630 Goldstream [map] – [street view]

The seminar is free, but we have limited space, so please phone me at 250-885-0512, fill in the form below or visit TimAyres.ca/seminars for more information.

Tim Ayres – Sooke Real Estate Professional

Your comments are welcomed and encouraged!
Just use the form or link below this post.

You can bookmark this post using the button below,
or subscribe to this blog for free updates using the big buttons on the sidebar!

Upcoming Free Victoria BC Real Estate Seminar: Buying A Home

House for Sale in Sooke

Ah… springtime… when a young person’s thoughts turn to… buying a home, of course! The spring market is here, and many first-time buyers are taking advantage of record low interest rates and making the jump into their own homes.

How much do you need and how can you save for a down payment? What’s the best type of mortgage for you? What homes are available and what sorts of programs are out there to help a first-time buyer?

How will the upcoming mortgage rule changes affect my affordability? Will the HST spoil my dream of home ownership?

All these questions and more will be answered at a fun, free, interactive seminar I’m putting on next month with two other professionals.

A Certified Financial Planner will talk about how to save for that ever-important down payment, and government programs to assist home buyers. Find out the details of how to borrow from your RRSP tax-free to help you buy a house, and other tricks of the trade.

Robert Boyd, Mortgage Expert with Dominion Lending will present on the various types of mortgages that are available, how to apply, and how to get the best rate possible to save you money. Learn about mortgages and rates, amortization and prepayment and take the mystery out of mortgages

Tim Ayres (that’s me!), REALTOR® with Royal LePage Coast Capital Realty will walk you through the home-buying process – how we search for a home together, showings, offers, negotiation and finally, getting the keys to your new home. Find out what to look for, how to ensure you get what you need, and how having an experienced REALTOR® on your side can help.

When: Tuesday, March 30th, 2010, 7PM.

Where: Investors Group Westshore office, 201 – 630 Goldstream [map] – [street view]

The seminar is free, but we have limited space, so please phone me at 250-885-0512, fill in the form below or visit TimAyres.ca/seminars for more information.

Tim Ayres – Sooke Real Estate Professional

Your comments are welcomed and encouraged!
Just use the form or link below this post.

You can bookmark this post using the button below,
or subscribe to this blog for free updates using the big buttons on the sidebar!

Upcoming Free Victoria BC Real Estate Seminar: Buying A Home

House for Sale in Sooke

Is 2010 the year you decide to stop paying rent and invest in your future in the form of your very own home? How much do you need and how can you save for a down payment? What’s the best type of mortgage for you? What homes are available and what sorts of programs are out there to help a first-time buyer?

All these questions and more will be answered at a fun, free, interactive seminar I’m putting on next month with two other professionals.

A Certified Financial Planner will talk about how to save for that ever-important down payment, and government programs to assist home buyers. Find out the details of how to borrow from your RRSP tax-free to help you buy a house, and other tricks of the trade.

Robert Boyd, Mortgage Expert with Dominion Lending will present on the various types of mortgages that are available, how to apply, and how to get the best rate possible to save you money. Learn about mortgages and rates, amortization and prepayment and take the mystery out of mortgages

Tim Ayres (that’s me!), REALTOR® with Royal LePage Coast Capital Realty will walk you through the home-buying process – how we search for a home together, showings, offers, negotiation and finally, getting the keys to your new home. Find out what to look for, how to ensure you get what you need, and how having an experienced REALTOR® on your side can help.

When: February 9th, 2010, 7PM.

Where: Investors Group Westshore office, 201 – 630 Goldstream [map] – [street view]

The seminar is free, but we have limited space, so please phone me at 250-885-0512, fill in the form below or visit TimAyres.ca/seminars for more information.

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Tim Ayres – Sooke Real Estate Professional

Your comments are welcomed and encouraged!
Just use the form or link below this post.

You can bookmark this post using the button below,
or subscribe to this blog for free updates using the big buttons on the sidebar!

Real Estate Prices Victoria BC vs Sooke

I’ve been working with quite a few first-time buyers in Victoria lately. It’s become somewhat an exercise in frustration, as the homes that are available in their price ranges (typically under $400,000 without a rental suite/apartment, or under $500,000 with one) have been mostly disappointing, sometimes very much so. In one case, in a beat up currently rented place near Mayfair Mall, the smell in the basement was so unbearable, we left through the side door.

You’ll find the odd gem, but then you’ll often be competing with other buyers when it comes time to make an offer. This is very stressful for first time buyers, and often it pushes the price beyond where they’re comfortable.

My solution: move to Sooke. It’s not that far, yet prices are much friendlier, and the selection of homes is greater. Of course it won’t work for everyone – the couple I was out with this evening both work in Victoria, and she’ll be going back to school to UVic, and he often bikes to work, which are both a bit of a trek from Sooke. Plus they really enjoy the in-town lifestyle, so it just won’t work for them to buy in Sooke. Not that they aren’t tempted!

And for good reason. Let’s compare a couple of houses currently on the market:

House for Sale in Victoria

House for Sale in Victoria

$385,000 – Built in 1948, 3 beds, 1 bath, 950 sqft, 6800 sqft lot in Saanich West. Hard to tell from the pictures, but it looks OK, needing a few updates, and probably a roof too.

House for Sale in Sooke

House for Sale in Sooke

$379,900 – Built in 2007, 3 beds, 2 baths, 1660 sqft, 7300 sqft lot in Sunriver Estates. Essentially a brand-new home, with garage, warranty, gas fireplace, and all sorts of other modern features, in a new subdivision in Sooke.

Searching Sooke, there are 46 other single family homes on the market under $400,000 – ranging from older homes with suites, to brand new homes yet to be built, to rural acreages. This compares with 20 for sale under $400,000 in Victoria (6) Saanich East (7) and Saanich West (7) – which in total is a larger and more dense geographical area than Sooke.

If you don’t mind the drive to work, or if you happen to be self-employed, you really should check out the value for your dollar in Sooke.

That being said, there are still good houses in the first-time buyer price ranges in Victoria proper, and I know I’m going to find this couple the right home. It just so happens that there are more options in Sooke.

If you’re looking for an experienced, dedicated agent to help you buy or sell a home in Sooke, Langford, Colwood, or Victoria, I’d love an interview! Call me any time at 250-885-0512, email Tim@TimAyres.ca or fill in my contact form.

Tim Ayres – Sooke Real Estate Professional

Your comments are welcomed and encouraged!
Just use the form or link below this post.

You can bookmark this post using the button below,
or subscribe to this blog for free updates using the big buttons on the sidebar!