Cell: 604-855-2521 |

~ July Lawn & Garden ~

Rainfall is scarce in July, and soaring temperatures can cause your garden and lawn to slow down and conserve energy. Vegetable gardens kick into high gear and will need some extra attention to stay happy. Other plants in your garden can benefit from special treatment as well. Here are some tips for your lawn and garden during the month of July.

Lawns
•Continue mowing as needed, at the highest setting for your lawn type (3”- 4” for cool-season grasses, 2”- 3” for
warm-season grasses).
•Make sure your lawn gets at least one inch of water per week.
•If water is scarce, consider allowing cool-season fescue or bluegrass to go dormant for the summer.
•Mulch grass clippings to help shade, cool, and feed your lawn.
•Edge planting beds with a string trimmer or lawn edger, for a nice clean look.
•Plant warm-season grasses and keep watered.
•Stop fertilizing lawns in midsummer.
•Make sure lawn mower blades are sharp, so they cut cleanly.
•Check out our Summer Lawn Care Guide for more tips.

Vegetables and Herbs
•Remove garlic scapes (flower heads) to encourage bulb growth.
•Order garlic bulbs for fall planting.
•Add compost or organic fertilizer to vegetable gardens.
•Harvest veggies. Give away any produce you can’t use, and remove plants that have finished producing.
•Continue weeding, watering, and removing insects.
•Start seeds for cool-season fall vegetables such as broccoli, cabbage, and spinach.
•Give herbs a haircut, and use the cuttings.
•For maximum flavor, harvest herbs just as the flower buds appear. Shear back annual herbs (such as basil) to encourage a second harvest.
•Mulch sprawling plants to keep vegetables off the ground.
•Harvest berries before birds and squirrels eat them.
•Remove and discard fallen fruits and vegetables.
•Harvest corn when the tassels turn brown and the kernels are full and milky.
•Harvest melons when they slip easily from the vine.
•Give tomatoes extra water, and perhaps a little shade, when temperatures are over 90° F.

Kind Regards,
Tibor Bogdan

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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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