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Let THE VELVE TEAM help you every step of the way.
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When purchasing a home, you are faced with a multitude of decisions! The primary one is whether you are actually prepared to purchase a home. Locating the perfect home is not always an easy task, and obtaining a mortgage loan can be a complex and tiring process. Although, once you have determined that you are ready to move forward with the required effort towards your home-purchasing goal, the rewards are unquestionable.

While at your side each step of the way, we will make the process of purchasing a home easier, more enjoyable, less time-consuming, and less expensive than if you undertook this challenge on your own. My TEAM will help you prepare so that sellers perceive you as a preferred buyer, help you locate and assess properties for sale that match your specifications, and help you through the myriad of details attending the actual purchase. My partner, Joe Vallee, is a Buyers specialist. Joe was born and raised in Vancouver and has been involved in Real Estate in one way or another for 15 years and can guide you through all the aspects of buying a home. To learn more about Joe you can check out his own website at www.joevallee.com and you can search for properties using Joe's custom MLS property search page - click here

We are always familiar with the current homes on the market, and know neighborhood values well, we can help you determine which properties are fairly-priced and in good condition before you start your search.

Looking for more listings ? Want to beat the other Homebuyers to the hottest new MLS Listings even Days BEFORE they hit the MLS.ca ? Well then, this is the place for YOU !!!

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Hands on Approach The first order of business is to speak with my clients personally to go over their needs and wants when purchasing or selling their home. Depending on your current level of knowledge in the industry, I will either give you an overview of my services or go into greater detail explaining everything and anything you will need to know or are unsure of. I take great pride in being well educated in my field with respect to residential real estate purchase and sale, and I will strive to follow each and every step of the way with you. I will refer you to other professionals throughout the process, but only when necessary in completing your transaction. However, I will always be available to answer any questions or handle any concerns that you may have.

Your First Step Your first step to buying a home is to first ask yourself why you want to buy a home: to stop paying rent? To start building equity? To have a place of your own? To raise a family? To entertain business associates? To move up to a bigger house? Next, list what kind of home you'd like and where you would like to be. Be specific. Separate the must haves from the want to haves. Think of yourself as zeroing in on a target, going from the general to the specific. Consider area (city, suburban neighborhood, country); community (north, south, east, or west side); neighborhood (older and settled or sparkling new; a particular school zone; recreational facilities; and other community services such as transportation, day care, library, stores, entertainment). Ask yourself how many minutes you are willing to commute to work. Think about home styles. How much space do you need? Does your situation require a one-level home, or are stairs acceptable? Consider size and kind of property. Do you want a newer home, or maybe an older one to fix up? Someday you or your heirs will want to sell. Consider how long you expect to live in this particular home.

Your Next Step: Loan Pre-Qualification Once you have addressed the above needs, your next step in the purchasing process is to get pre-qualified with a mortgage company. This can be done over the phone or even online in a matter of minutes. Call us and we will refer you to a mortgage professional that has an excellent reputation and track record for successfully acquiring loan approval for their clients.

We Will Find The Right Homes For You Once you've been pre-qualified and know what price range you want to stay in, we can help you determine which properties fit your needs by using the (MLS) Multiple Listing Service system to locate them. We have the best possible resources and communication systems available today to help you locate the homes on the market that match your specifications. You can even search my listings here at my website. We are also 100% Mobile with Wireless Technology for on the spot resources, search tools, contract printing, you name it !

We Will Help You Every Step Of The Way The Velve Team will help you complete your financing and inspections, and close on the transaction. My top priority is to make sure that your home buying experience is pleasant, cost-efficient, and successful.

First Time Home Buyers Ever heard of renters trap? It's an industry buzz phrase used to identify those of you who are currently renting a house or apartment and feel that you could never afford a home of your own simply due to the fact that you do not have the adequate savings for a down payment on a mortgage or perhaps you may be experiencing credit problems.My advice to you? Stop paying your landlords' mortgage and speak with me! Now before you run right out and put stop-payments on your rent cheques, let me explain... This year, British Columbia consumers can count themselves lucky in one important aspect; they are living in a time that offers unequalled opportunities to realize the dream of home ownership.Interest rates are among the lowest in decades and the availability of housing of all varieties is at the highest level in years. In fact, in many situations renting a family dwelling can actually be more expensive than buying. If you consider, for example, a $150,000 mortgage at 8% for a five-year term, the monthly payments would be less than $1,200 per month. Compare this to renting a suitable three-bedroom apartment or townhouse in many urban centres and it's easy to see that buying a home has become an attractive alternative. If you take a $100,000 mortgage at the same interest rate and term, the payments shrink to less than $800 per month. Even better, if you're willing to accept a one-year term the interest rate can drop by at least two percentage points. This would peg a $100,000 mortgage at only $650 per month and a $150,000 mortgage at around $975. There is another important benefit to home ownership that often gets overlooked. Over the course of 25 years (the usual amortization period for mortgages), the total amount of money paid by many renters can actually exceed the amount paid by a homeowner. This is due not only to the fact that mortgage payments can be cheaper than rent, but because rental fees generally increase over the long term. Of course, interest rates may also rise, but so probably will the value of the property. Therefore, additional equity in the home will be gained. Add to this the reality that after a mortgage is paid off, homeowners will no longer make monthly payments while renters will continue to bear the burden for the rest of their lives. This savings can greatly impact your quality of life upon retirement. These figures are only intended as broad examples, the fact remains that money spent on rent is still money down the drain.Regardless of the number crunching, the bottom line is that owning a house is the best way to ensure the happiness and well being of your family. A home gives a family room to grow, and room to prosper. Constructing a 'buying blueprint' is a critical step for first time buyers. In it, you will list such items as: how many bedrooms do you really need; is a finished basement a necessity or can you afford to wait; how big a yard do you need; and most importantly, where do you want to live? All these considerations will affect your ability to buy. Opting for a townhouse or resale home are other alternatives that can help first time buyers escape the rent trap and channel their funds into a solid investment.So, if you're one of the thousands of families caught in the cycle of paying rent and seeing nothing in return, now is the time to make a move. Buying a home can pay off in so many ways that you simply can't afford to pass us the opportunity.Even after your real estate transaction is completed, I will remain available to you should you need me. With additional services such as my WebReports and newsletters, you can stay in touch long after your closing date... and when you're ready to sell and upgrade or perhaps you want to move into a different community as your lifestyle changes, I am only a phone call or e-mail away.

Home Buying 101


House & DeedI take the buying process as seriously as my buyers do, therefore I offer nothing but the highest quality of service to my clients... and that's one of the reasons I am so successful! When you decide to purchase your home, make sure you hire someone who you can trust, and someone who wants to earn your business.
Buying a home is one of the most important purchases you will ever make, so make sure you have the right agent who can provide you with the experience and the service that you deserve.
Here are some of the steps that I will take to find your perfect home:
Determine Your Needs and Wants
This is probably the single most important step. By asking you a series of questions I will establish what you are looking for, and then what you can comfortably afford. My objective here is not to waste your time by looking at properties that are not in your price range or houses that don't meet your specific needs. Throughout the buying process I will maintain your confidentiality and represent only your best interests.
Help You Get Pre-Qualified
This step will show you how much you can afford. This is accomplished by speaking with your financial institution and establishing what monthly payments you will be comfortable with. I can even suggest a mortgage broker or lender that could help.
Shopping for a Home
I will use every available method to locate a property that matches your search parameters. This will include properties listed with my office, properties offered through other real estate companies through the use of the MLS (Multiple Listing Service). I will disclose all known facts about the property that are likely to affect your decision, then when we find a property that meets your criteria, I will assist you in writing an offer and act as a liaison between you and the seller.
Working with a Realtor
The Buyer Agency Relationship
A real estate company acting as a 'buyer's agent' must do what is best for the buyer. A written contract called a buyer agency agreement establishes buyer agency. It also explains services the company will provide, establishes a fee arrangement for the Realtor's services and specifies what obligations a buyer may have. Typically, buyers will be obligated to work exclusively with the company for a specific period of time. Confidences a buyer shares with the buyer's agent must be kept confidential. Although confidential information about the buyer cannot be disclosed, a seller working with a buyer's agent can expect to be treated fairly and honestly.
Dual Agency
Occasionally, a real estate company will be the agent of both the buyer and the seller. The buyer and seller must consent to this arrangement in their listing and buyer agency agreements. Under this 'dual agency' arrangement the company must do what is best for both the buyer and the seller. Since the company's loyalty is divided between the buyer and the seller who have conflicting interests, it is absolutely essential that a dual agency relationship be established in a written agency agreement. This agreement specifically describes the rights and duties of everyone involved and any limitations to those rights and duties.
So Who's Working For You?
It is important that you understand who the Realtor is working for. For example, both the seller and the buyer may have their own agent which means they each have a Realtor who is working for them... or, some buyers choose to contact the seller's agent directly. Under this arrangement the Realtor is working for the seller, and must do what is best for the seller, but may provide many valuable services to the buyer.
A Realtor working with a buyer may even be a 'sub-agent' of the seller. Under sub-agency both the listing agent and the co-operating agent must do what is best for the seller even though the sub-agent may provide many valuable services to the buyer. If the seller and the buyer have the same agent, this is dual agency and the Realtor is working for both the seller and the buyer.
Code of Ethics
Realtors believe it is important that the people they work with understand their agency relationship. That's why agency disclosure is included in a self-imposed Code of Ethics which is administered by the Real Estate Council of BC (BCREA). The Code requires Realtors to disclose in writing the nature of the services they are providing, and encourages Realtors to obtain written acknowledgement of that disclosure. the Code also requires Realtors to enter into a written agency agreement with any sellers or buyers they are representing.
Realtors are governed by the legal concept of 'agency'. An agent is legally obligated to look after the best interest of the person she is working for. The agent must be loyal to that person. A real estate company may be your agent, if your have clearly established an agency relationship with that Realtor. But often, you may assume such an obligation exists when it does not. Realtors believe it is important that the people they work with understand when an agency relationship exists and when it does not... and, understand what it means.


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