ScottSauer.ca  |  REALTOR®  |  1-604-317-9595

 
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How do my friends afford “Investment Property”?

Let me explain, friends, family and co-workers may be utilizing a financial strategy called “Leverage”. What is leverage? Basically you access the equity on the current value of an asset you already own. Your bank or Credit Union will issue a line of credit secured to the asset based on its value. A simple example, your house is valued at $400,000. Your mortgage balance is $300,000. This leaves you with $100,000 of equity. Under current lending rules you can access up to 80% of your equity, 80% of $100,000 is $80,000.

With $80,000 as a down payment you may qualify to buy a $400,000 investment property. Many homes valued at about $400,000 in FSJ are renting for a range of $2500 to $3400. This makes the property “cash flow positive” or producing a profit every month after making all the payments and tax. With a rate of 2.5% over 25 years your monthly payment is $1436 + insurance + L.O.C + tax. The return is very favorable. Call or Text me 250-794-1515 for immediate professional real estate advice. Start paying yourself every month.

What should I buy?

Fort St John is one of Canada’s hottest real estate markets. The average price for a home in town is going up 

historically speaking by about 10% a year, some properties experience even greater increases! This leave the question for home buyers, What kind of home should I buy?

I recommend starting with a “Vision of a Home”. Take a second and make a list of what is important to you today and what you think you will need in 3 or 5 years. This will help you ensure you don’t buy the wrong kind of property. If you are tempted by a shinny new condo but for the same price you may be better suited to buy a solid older home with a yard so you can park the toys you plan to buy. Once you complete your “Vision of a Home”.

Call or text my cell 250 794 1515 for immediate professional advice. I will show you all the homes listed by all the different Real Estate Companies that meet your “Vision”.

8007 88 Avenue

Immaculate half-duplex with the perfect floor plan. 3 bedrooms, 2 baths. Open living, eating and kitchen area. Generous living room fits all your full-sized furniture. View of the backyard from kitchen so that you can watch the kids play in the fully-fenced backyard. Still covered by new-home warranty. MLS® Call or text Scott (250) 794-1515. It's a Beauty!

9408 96 Avenue

Cute 2 bedroom home on a large lot, updated furnace and hot water tank, newer flooring, newer windows (all but one). and the bathroom has updated tub-surround and toilet. Parking in the front and off the lane. Zoned R2, lot is 52' x 136' according to the city tax records. MLS ® Call or text Scott (250) 794-1515. It's a Beauty!

11316 95 A Avenue

Cute as a button and immaculate! Across from the park. 3 bedrooms on the main floor, 1 bedroom downstairs with a huge family room and a 3-pc bath. The main floor has oak country kitchen with a modern open floor plan.The basement has a good-sized laundry room with newer front-loading machines. MLS ® Call or text Scott (250) 794-1515. It's a Beauty!

56 8420 Alaska Road

3 bedroom and storage room with 1 bathroom home in Peace Country Park with a nice addition to give you the space you need. Has a new BC Safety sticker and is ready for you. Best price in the park. MLS ® Call or text Scott (250) 794-1515. It's a Beauty!

House Prices Increase 10%!

House prices are on track to exceed a 10% price increase. The average price of a house in FSJ from Jan 1 to Oct 1 2013 was $372, 506 for the same period in 2014 the price is $410, 197*. If you are considering buying your first home, don’t delay. The longer you wait your buying power diminishes. Let me help you find the perfect home. Call or text my cell for immediate professional real estate help: 250-794-1515.

*Based on BCNREB stats October 1, 2014

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