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Abbotsford MarketWatch - 49 New Listings This Week

Scroll down to view all the new listings for the past 7 days in Abbotsford.

 

A few days ago I was approached by a client with this question, "Do I need to have an inspection done when I am buying a condo?"

As a realtor I never discourage a buyer from the inspection report on the property they are purchasing. However, let me talk about the purpose of the inspection and once you understand it, you will be able to make better decision.
 
When you are buying a residential detached home (house), you hire an inspector to give an idea as of what kind of expenses you will be facing in the next few years in regards to the exterior, structure, and the roof. You also want to know the current state of the electrical and plumbing. This information will help you to determine the yearly maintenance budget since you own the whole building.

You do not need an inspector to tell you that the faucet is leaking, the switch is not functional or that the carpet is stretched. You can do all these things by yourself in about 30 minutes.

When you are buying a condo, keep in mind that you do not own the building. It is owned in common with other owners. Therefore your maintenance costs are already established and included in your monthly strata fee.

When you hire a regular inspector they will spend most of their time researching whether your faucet is leaking, or checking the light switch functionality.

If you decide to  hire an inspector, ask them to perform the inspection on the building itself, especially if you suspect that the building may have some water penetration issues (you may have heard of the Leaky Condo Phase).

It's very important to read the strata documentation to research whether the building had any issues in the past and if there is any indication of future problems.

There are a few inspectors that specialize in determining the health of the building and they will be able to give you good idea if you are making right choice buying your new condo.
 
Have a conversation with your realtor about these issues and they will be able to point you in the right direction. If you don't have a Realtor, call me or leave a comment on this article.

 

Kind Regards,

Tibor Bogdan

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This past 7 days we had 49 new listings.
25 Residential detached and 24 condominiums/town homes.

Here are all the new listings by the price ranges:

Residential Detached:

$300,000 - and under   Click Here: none this week.

$301,000 to $400,000 - Click Here: http://goo.gl/HtjEC

$401,000 to $500,000 - Click Here: http://goo.gl/6oz8V

$501,000 to $600,000 - Click Here: http://goo.gl/nIVjx

$601,000      and up - Click Here: http://goo.gl/qNNzL


Residential Attached:

$250,000 and less       Click Here: http://goo.gl/gMhqR

$251,000 and up         Click Here: http://goo.gl/7Zstx


If you'd like to see any of these homes - I'm holding an
Abbotsford House Tour weekly for the month of February.
Tours times are:

Every Saturday 10am - noon
Click here to join us:
http://abbotsfordhomesearch.ca/tour-abbotsford-homes.html

I'll be back next week with all the new listings.

Warmly,

Tibor Bogdan

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http://abbotsfordhomesearch.ca/guide-to-home-prices.html

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http://abbotsfordhomesearch.ca/tour-abbotsford-homes.html

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Sign Up For a First Time Home Buyer Seminar:
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PLUS: Here are ways I can help you today:

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http://www.SearchChilliwackHomes.com/area/chilliwack/guide.htm

Get FREE updates of all the new listings that come on the market
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Search for Homes
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.