Friday, January 4, 2013

Maria Mak. Buranby Realtor. A gift of new beginnings was laid before me...

A gift of new beginnings was laid before me,

It woke me from my silent slumber,

Still hold firm on my forgotten dreams,

Graciously accepted all the gifts I was lavishly given,

THANK YOU!!

Written by Maria Mak. Burnaby Realtor

Friday, August 31, 2012

Maria Mak. Burnaby Real Estate Agents. BC Home Sales to rise in 2013


BCREA 2012 Third Quarter Housing Forecast Update

Vancouver, BC – August 30, 2012. 

The British Columbia Real Estate Association (BCREA) released its 2012 Third Quarter Housing Forecast Update today.
BC Multiple Listing Service® (MLS®) residential sales are forecast to edge down 4 per cent to 73,400 units this year, before increasing 7.5 per cent to 78,900 units in 2013. Since 2009, MLS® residential sales in BC have ranged between 74,000 to 78,000 units. A record 106,300 MLS® residential sales were recorded in 2005.

"Despite more robust consumer demand in the Interior, fewer home sales in Vancouver will pull the BC total lower this year," said Cameron Muir, BCREA Chief Economist. "However, a notable growth trend in full-time employment combined with persistently low mortgage interest rates is expected to boost housing demand around the province in 2013."

"MLS® residential prices are expected to remain relatively stable this year and through 2013, with changes in average price statistics largely the result of a differing mix of home types sold and shifting regional demand patterns," added Muir. Average price data for Vancouver was skewed artificially high in 2011 by a wave of detached home sales in the priciest neighbourhoods. Lower Mainland’s share of provincial home sales is expected to decline to 58 per cent this year from 62 per cent in 2011. The average MLS® residential price in BC is forecast to decline 7.8 per cent to $517,500 this year, and remain relatively unchanged at $519,000 in 2013.

For all premium quality real estate sevices, contact Maria Mak @ 604.839.6368 or visit her website www.mariamak.com, You will be smiling too.
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Thursday, August 9, 2012

Maria Mak. Burnaby Realtor. Understanding Agency Relationship when working with Realtors



The agency relationship is established through a contract between you, the client, and your agent, the company under which the REALTOR® is licensed. Most REALTOR® use a blue brochure titled Working with a Real Estate Agent to disclose the nature of the agency relationship with their client.



A REALTOR® can act for a seller or a buyer, or to a limited degree, both. Whomever they represent, REALTORS® have a legal obligation to uphold the integrity of their clients, while protecting and promoting their interests.


Seller's AgentBuyer's Agent Dual Agency


•For your REALTOR® to list your property for sale on MLS®, the Real Estate Board of Greater Vancouver requires completion of a listing agreement.


•Signing this agreement with you commits your REALTOR® to uphold the above obligations.


•The listing agreement also states the compensation amount the seller will pay the REALTOR®.



•The contract of purchase and sale is initiated when an offer is made by the buyer to purchase the sellers's property.



•The contract outlines the terms and conditions of the offer, such as offer price and subject conditions.

•The seller may reject the offer or make a counter offer.
•Once all terms have been accepted and both seller and buyer have signed the contract, each party is legally bound to fulfill the conditions of the contract.



•Dual agency is created when an agent represents both the buyer and seller in a single transaction.



•This can happen if a REALTOR® who is representing a buyer, sells one of their own listings to that buyer.

 
•A dual agent must be impartial to both buyer and seller and fully disclose all information relating to the transaction.


•A REALTOR® can be a dual agent only if both seller and buyer agree in writing.


Remember: always read all contracts and disclosure forms before signing. If you have questions about agency relationships contact your REALTOR® or Maria Mak @ Sutton Centre Realty or visit her website at www.mariamak.com , You'll be smilling too!























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Saturday, July 28, 2012

Maria Mak. Burnaby Real Estate. Burnaby Real Estate Agents. BC websites for Home Buyers

Technology has been a driving force behind the transformation of many industries. While real estate remains a people business, consumers today have access to scores of information that can help them find an property, a REALTOR® and connect all the dots in between.

Purchasing a home will likely be the most important buying decision you’ll ever have to make so it is important to do your own research, understand your rights and find professionals that you are most comfortable working with.

If you’re deciding whether to buy or sell a home, it’s critical that you understand and properly assess your personal and financial circumstances against current housing opportunities.


The REALTORS® of Canada and other real estate professionals have provided a wealth of information online to help you understand what opportunities are out there for you and your family to consider.

www.realtor.ca

Formerly mls.ca, this is the most comprehensive and popular real estate listing website in the country.

In 2008, the Canadian Real Estate Association rebranded and re-designed mls.ca to become realtor.ca. This change brought upgraded search functions and capabilities, which provide a streamlined experience for people using the site.

If you’re looking for a property in BC, you can search by area or MLS® number. If you’re looking for a REALTOR®, you can search the province by name, company or area of specialty.

www.realtylink.org

Learn about the real estate market and homes for sale in Greater Vancouver and the province.


The online version of this publication, the Realtylink website is an excellent resource for consumers looking to buy or sell a home in BC. The website contains a vast range of home listings for properties across the province and features indepth walkthrough-style information that everyone should know when dealing in real estate. If you’re buying, you can find a REALTOR® in your community or learn more about the mortgage process and details regarding offers and completion.

If you’re selling, you can learn about establishing your home’s value and how to prepare it before it goes on the market.

The site also features links to market data and online versions of the Realtylink In Print newspaper produced for each geographical area in Metro Vancouver.

www.rebgv.org

A wide-ranging, one-stop website for real estate information. The Real Estate Board of Greater Vancouver’s website offers visitors a 360-degree look at local real estate, providing detailed MLS® statistics, monthly podcasts, consumer guidance and other information and links related to local real estate.

On the site, you can track home prices in your area, search for a REALTOR®, read about government initiatives that impact local real estate, and learn about the various cost-savings programs available for homebuyers and sellers.

The site also features a wealth of consumer information related to buying and selling a home, from checklists and FAQ’s to market data and community profiles. One of the most important measures of home value in real estate is the MLS®Link Housing Price Index (HPI), and this website contains the latest HPI data as well as a comprehensive breakdown of home values across the region.

www.recbc.ca

A site for consumer protection and industry regulation.


The Real Estate Council of British Columbia is the body responsible for licensing and regulating REALTORS® in BC. Their website is full of valuable consumer protection information, as well as information on how to become a REALTOR®.

 

One of the most important features of this site is the Complaints and Discipline section, which allows consumers to file complaints against REALTORS® and inform themselves about recent disciplinary decisions.


www.howrealtorshelp.ca

Built and maintained by the Canadian Real Estate Association, this site is filled with good information for those looking to buy and sell a home.



The site offers information for buyers and sellers on a variety of topics and includes brief videos to illustrate examples.



You can also find handy tools like checklists for buyers and sellers and mortgage calculators.



For all your premium real estate services, please contact Maria Mak @ 604.839.6368 or visit her website www.mariamak.com, You'll be smiling too.