TREVOR BARNETT | 604-961-2800

Wednesday, January 20, 2010

Real Estate, First Time Buyers', Richmond BC

by Trevor Barnett on Wed, Jan, 20, 2010 03:26 PM

Happy New Year! as we begin this exciting new year, both Sellers and Buyers' are wondering; "is this a good time?" The answer is Yes and Yes.

For Seller's it's a very good time! Why? market activity is gaining momentum, inventory of homes available is LOW which puts upward pressure on pricing!

For Buyer's, whether you are a 'First Time Buyer' or 'Investor' affordability is excellent!

FTB: contributions from your RRSP plan have increased to $25,000 for a single and upto $50,000. for a couple! You can also avoid the PPT (Property Transfer Tax) IF the market value of the property is not more than $425,000.

*Must be used as your principal residence (other conditions may apply).

For many FTB finding that first affordable home can be a daunting task, particularly when inventory is low AND you are not alone in your quest! As a seasoned specialist with both Sellers and FTB, my experience and local knowledge has served my clientel well over the years. Pre-qualification of financing options is uppermost and should be your first priority.

Investors' are also important players in today's marketplace. With low returns on financial deposits, Real Estate has by far become the popular choice. Many of today's savvy investors have funds ready to purchase and as such, can be the preferred choice of many sellers.

2010 will no doubt be an exciting and challenging year in Real Estate, that said, I am ready to go to work for you today!

Call, email, text or contact me through Facebook - when you Think Real Estate - Think Trevor!