Cell: 604-855-2521 |

Importance of Maintaining Your Gutters

The season of windy and rainy weather has begun; be pro-active with house preparations.

Gutters have an important function: they direct water off the roof and away from the home. But gutters are only effective when they’re clear — and Mother Nature ensures those occasions are rare.
 
Clogged gutters can send water pouring over the sides to pool around the foundation. This causes cracks and damage to the foundation, resulting in wet basements, mold growth and expensive repairs.
 
Water from clogged gutters also can damage fascia boards, which could lead to interior wall and ceiling damage. And water that spills over gutters can land on flower beds, small trees or shrubs that surround the home’s base.
In addition to landscape damage, standing water can create a breeding ground for mosquitoes and other insects. This is why it’s important to protect your gutters.
 
What can you do? Of course the regular maintenance of your gutters is necessary. Besides that, you could invest into products that would prevent the leaves and small branches from getting into your gutters.
 
For example, here is something I saw recently, and I like it. The cost is very low compared to other systems.
 
Tibor Bogdan & Associates
*Personal Real Estate Corporation
Sutton Showplace Realty
cell: 604-855-2521
TF: 1-877-858-2408

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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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