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BLANKET DRIVE WARMS THOUSANDS

For your information, the following news release is being issued by the Fraser Valley Real Estate Board, Real Estate Board of Greater Vancouver and the Chilliwack and District Real Estate Board today.

BLANKET DRIVE WARMS THOUSANDS

VANCOUVER, BC – From the Ladner seniors who fundraised to buy socks to students in Richmond and Langley, the 18th annual REALTORS Care® Blanket Drive collected blankets and warm clothing to help over 19,000 working poor and homeless people across the Lower Mainland.

Hundreds of real estate offices acted as drop-off locations during the November 26 - December 3 event. REALTORS® picked up, sorted and delivered thousands of donations to over three-dozen charities from Whistler to Hope.

The Squamish Helping Hands Society organizes a variety of shelter and food programs to assist those in need and is a recipient charity of the Blanket Drive.

“The blanket and clothing donations we get not only help our clients, the act of giving itself recognizes a much deeper understanding of the human need there is in our communities and how important it is for us to take care of each other,” said Maureen Mackell, executive director.

That sentiment was echoed by Andy Kwak, executive director of The Salvation Army Centre of Hope in Abbotsford.

“Our mission is to bring warmth, nutrition and shelter to those who need it, so you can imagine how helpful hundreds of bags of clothing and blankets are to the people we serve. We really appreciate the effort that REALTORS® put into this drive and their support throughout the entire year."

Since 1994, the Blanket Drive has grown to become the largest collection of its kind in the Lower Mainland assisting over 205,000 people over those years. Donations come from REALTORS®, their clients, the general public, corporations, retailers, community groups and schools. Everyone works together to make the drive a success.



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What is a pre-sale?

Example scenario: When the developer intends to build an apartment building and applies for financing, the bank will grant financing under certain conditions. One of them will likely be a certain percentage of pre-sales the developer will need to secure before receiving the funds.
It is common practice for a developer to approach several real estate investors and offer them an opportunity to purchase units of the non-existent building at a discounted price, and on good terms.

Once the number of pre-sales is accomplished, the developer goes ahead with the construction, which will likely take two years or longer to complete. During construction, their marketing team offers the remainder of the units for sale at market value to the public.

If you are a RE investor, you know that it is preferable to be buying at the pre-sale prices, not market value prices.

The question is, how do you get the invitation to buy a pre-sale?
In the past many years, investors have made substantial income by buying at wholesale prices and selling at retail prices even before they needed to complete their purchase. I saw many of them lining up and sometimes even camping overnight in front of the sales center to get a chance to buy at lower prices, but not everyone was lucky enough. You needed to be well-connected to get an opportunity, and you had to act fast.

Today is a bit of a different story. Several projects in the Lower Mainland and Fraser Valley offer really good prices and incentives to secure a unit now and complete the purchase two or three years later. The list of incentives varies from one project to the next. Besides attractive prices, you can get low deposit amounts (5-15%), low or no assignment fees, free updates, a mortgage rate buy-down program, extra parking and more.

A month ago, I helped a few of my clients purchase a presale in Surrey that sold out in 2 days, and I know of another good developer that will be offering a few units for sale as well.

If you would like to know more about these opportunities, I would encourage you to call or email me, and I’ll be happy to send you details on those projects.
 
Kind regards,
 
Tibor Bogdan
Century 21 Creekside Realty Ltd.
45428 Luckakuck Way #190, Chilliwack, BC V2R 3S9
cell: 604-855-2521
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