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HELP MAKE A REAL DIFFERENCE FOR SOMEONE THIS WINTER

The 18th annual REALTORS Care® Blanket Drive begins Nov. 26

VANCOUVER – The 18th annual REALTORS Care® Blanket Drive starts in less than one week. This year, the Blanket Drive runs from November 26 to December 3.

With the weather beginning to turn and charities and shelters facing the busiest time of the year, the need for Blanket Drive donations remains high. As always, we’re looking for gently used blankets, sleeping bags, warm winter clothing and jackets; in addition to new socks and underwear.

“After almost two decades in our communities, it’s amazing to see the level of support the Blanket Drive attracts and the difference it makes,” says Scott Olson, President of the FVREB. “Our regular donors have made this the largest warm clothing drive in our region and now with social media, we’re building even more awareness.

“Every pair of gloves, coat, sweater or blanket goes to someone who needs it. No donation is too small. The more we receive, the more we can help."

People are encouraged to bring donations to any one of the participating real estate offices across the Lower Mainland. Donations stay within the communities in which they are donated, or if the volumes are too large, go to charities in greatest need in neighbouring communities.

Each year, the Blanket Drive collects enough donations to help protect about 20,000 vulnerable people in our region from the cold, wet winter. Since 1995, the Blanket Drive has supported at least 185,000 people.

To see a list of drop-off locations, charitable recipients and items most needed, go to:

www.blanketdrive.ca
www.facebook.com/blanketdrive
www.twitter.com/FVREB or www.twitter.com/REBGV (#RCBD)

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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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