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What are you concerned about?

I am re-reading "The Seven Habits of Highly Effective People. In one chapter the author, Stephen Covey talks about how we tend to worry about everything in the world. We are concerned about our economy, political situation our job stability, interest rates and about our kids' future.  We  worry about what we eat, and drink.  We are concerned about the prices, inflation, our retirement. Just to name a few.
It's quite overwhelming and the media is not helping us to reduce our levels of stress by bringing new concerns into our attention on an hourly bases; such as global warming, stock market crashes and live broadcasts from the war zone.

The author of the book suggests doing this. 
Take all your concerns and write them down on a piece of paper and tag them as The Circle of Concerns. Then go through them one by one and ask yourself a question, "Is it within my power to do anything about this concern?" And if the answer is yes then write them down and tag them as Circle of Influence.
Soon you will see that out of so many concerns that occupy your mind at the present moment there are only a few that you yourself can influence and do something about it.
Proactive  people focus their efforts in the circle of influence. They work on the things that they can do something about.
Reactive people, on th eother hand focus their efforts in the Circle of Concern.
So lets be Proactive and take control of our concerns. Let's start to work on our circle of influence rather than  worry about our circle of concern.
This small adjustment in our attitude will have a calming effect in our everyday life and it makes us more effective and productive in our work and home.

Tibor Bogdan
Your Realtor for Life


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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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