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What does Peace look like?

The Real Meaning Of Peace

There once was a King who offered a prize to the artist who would paint the best picture of Peace.  Many artists tried.  The King looked at all the pictures, but there were only two he really liked and he had to choose between them.

One picture was of a calm lake.  The lake was a perfect mirror, with peaceful, towering mountains all around it.  Overhead was a blue sky with fluffy white clouds.  All who saw this picture thought that it was a perfect picture of Peace.

The other picture had mountains, too.  But these were rugged and bare.  Above was an angry sky from which rain fell and in which lightening flashed.  Down the side of the mountain tumbled a foaming waterfall.  This did not look peaceful at all.  But when the King looked closer, he saw behind the waterfall a tiny bush growing in a crack in the rock.  In the bush a mother bird had built her nest.  There, in the midst of the rush of angry water and noise, sat the mother bird on her nest...in perfect peace.

Which picture won the prize?

The King chose the second picture.  “Because,” explained the King, “peace does not mean to be in a place where there is no noise, trouble, or hard work.  Peace means to be in the midst of all those things and still be calm in your heart.  That is the real meaning of peace.”

May you know the real meaning of peace at the holidays – and always!

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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