Thinking of real estate investing in 2019? It's challenging to know where to start and for many people, this makes them hesitant to make a move. 


That's why I wrote Investigating Investing, a guide to help beginners learn about property investment. If you're reading this, the first three people to contact me by January 1st will get a free copy! 


If you're a potential investor, as a New Year's resolution, resolve to make the jump from thinking to doing. Here's three ways to get you on the right track to property ownership success. 

Meet A Realtor

Think this one’s obvious? Think again. Many first-time real estate investors talk to everyone BUT realtors, thinking the real estate agent only needs to be involved towards the end. 


But this can be a mistake. A good realtor brings knowledge, insight and networking - if you're buying or selling your most precious asset, the right realtor becomes your second best asset.  


Remember, when you hire a realtor, the amount they're paid remains the same, whether you work with them for six days or six months!

  

But how do you find a good realtor? How do you know a realtor is a good choice? 


Interview at least several, and ensure that they've built a team of networked professionals. 


A good Vancouver realtor will know experts in areas as diverse as lending, legal and desireable site location. This means you have the resources to make informed decisions right away and the opportunity to plan a successful sale or purchase.  


Best of all, realtor’s will come to you and maybe bring coffee too! All you need to do is make that email or call, get comfy and let them do the hard work. 

Discover Yourself

Before you consider real estate investing, you must consider why you want to be an investor.


Is it because it feels like everyone else is doing it? Or perhaps you want an income-generating nest egg for your golden years?


In my guide Investigating Investing, readers are asked to evaluate their reasons for investing. They also think about what kind of investor they'll be and their style of business. 


Then there's the challenges of property ownership, from tenant disputes and unforeseen or ignored costs such as maintenace, lawncare or trash collection. Many of these require more than just financial knowledge, but a willingness to provide good service and fair dealing.  

Know Your Terms

Getting comfortable with terms such as 'ROI' means you'll experience a higher Return On Investment when researching investing or listening to your realtor or an expert. 


Don't hesitate to ask your realtor for an explanation, and make sure they can clarify terms in a manner you understand. This is a great way to tell if your real estate agent communicates well and takes time to educate you. 

Contact Michael Tudorie

Remember, the first three people to contact me by January 1st will get a copy of my Investigating Investing guide, chock full of great tips for beginnners. 


If you want to chat more about investing, feel free to call me at 604.910.7777!

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Doing Spring Cleaning... in Spring

If you're waiting until Spring to start emptying your house, you've waited too long. Vancouver's real estate market has cooled, and that means you cannot wait around. 


Instead of waiting, start after the confetti's settled from your New Year's party. This gives you a major time advantage if you decide to list in the Spring, and may also mean lower costs for disposal, storage, etc. due to the slow season. 


Thinking of downsizing? Just thinking of de-cluttering a home can be challenging, let alone actually starting the job.


Through your realtor, hiring someone to help de-clutter is a great way to help you detach yourself from your stuff, creating a plan to slowly and methodically removing things you don’t need or want. 



And best of all, with some extra cash and all the newfound space, you can make some small improvements that'll increase your home's value too! 

Finally Talking To The One Realtor You See Most Often


There are many realtors in Vancouver. Yet, many people will often choose the one they see the most, either in-person , on their note pads, on the grocery cart or bench buses. 



You should give them a chance, but you should also interview a couple more agents to see who's out there. You wouldn't shop at one car dealership, so why stop at just one realtor? 


Think of it like getting a Second Opinion, which is what you should do for anything as important as buying or selling a home.

Asking Your Neighbour What They Sold Their Home For

Many home sellers immediately go to their neighbours and the news to determine what they feel their home is worth. 


The problem is that this may immediately set unrealistic expectations, setting in motion a process that grinds to a halt when a realtor gives a realistic estimate of what a home's really worth. 


To prevent this, if you're thinking of selling your home, call a realtor and ask for a valuation. Once it's provided, call another realtor for a Second Opinion. 


Not only does this set your expectations properly, but it also helps you become a savvier seller, removing some of the personal attachment from your asset. 



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Please visit our Open House at 107 15168 19 AVE in Surrey.
Open House on Thursday, December 6, 2018 10:30AM - 12:30PM
Spacious, easy-access ground floor 1 bedroom renter and pet-friendly condo w/ 9 foot ceiling, stainless appliances, granite countertops, laminate floors and large patio. Designed as show home suite for entire development. Perfect for downsizing families. Excellent condition. Very walkable area w/ nearby shopping centre, library, hospital and parks. Myriad transit options to Langley and Vancouver. Facilities include storage locker, gym and one wide parking stall. Open House , Thursday Nov 22nd 10:00 to noon
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Think you're on the right track to sell your home in 2019? Take a few moments to see what you could have done three months ago. 

Not hiring a realtor soon enough, and not interviewing soon enough. 

Your realtor’s commission doesn’t change, whether you hire them six months or six days before a sale. 


Use that to your advantage. Working with a realtor for several weeks or months ensures they have plenty of information to effectively sell your home at highest market value.


Many sellers don’t actively interview more than one realtor, an odd decision considering an agent is selling your most important possession. Below are the numbers showing how many people consult just one realtor. 



   All Sellers      

 36 & Under    

 37 - 51    

  52 - 61    

  62 - 70    

 71 - 91    

One Realtor

72%

82%

71%

71%

65%

74%

Two Realtors

16%

11%

15%

17%

20%

14%

Three Realtors    

8%

4%

10%

7%

10%

8%

Four Realtors

2%

1%

2%

4%

4%

2%

Five Or More

2%

2%

2%

1%

2%

1%


Without a thorough hunt for a realtor that fits your needs and has the desired abilities and network, you may be leaving money on the table with a less-than-optimal sell price. 


That’s why as soon as you’re even thinking of selling, you should be talking to a few realtors, allowing them an opportunity to provide a short presentation. Learn how each one excels and see whose personality and approach aligns best with yours. 

Seasonal Curb Appeal & Improvements 

I’m often asked, “what improvements should I make before I sell my home?” Aside from the obvious ones such as kitchen or bathroom fixtures that have near 100% return, it’s worthwhile tailoring improvements based on when you’ll list your home. The idea is that buyers will be subconsciously more alert to improvements that satisfy their immediate needs.


Selling a home in winter? Consider improving or replacing your heating system. Though the average of a 50% return on investment may seem low, it will heat up interest in your house. 


A lower impact but still welcome improvement is re-sealing around windows for energy savings.


If your home being sold in summer, improving the patio or deck will have an immediate wow factor, as people will want to spend time outside. New landscaping has a 35% return on investment, but the new greenery will bring in more prospective buyers. 

Be Ready to be Lowballed

Your home is your castle. So getting less than princely offers on your home may feel insulting, but mustn’t be taken personally. That’s just part of the process. 


If you’re getting lots of lowballs, it’s a sign that either your price is too high or your realtor needs to market the property differently. 

Should I Stay Or Should I Go? 

Not sure if you should sell, stay or renovate? Stay tuned for the next article, or email me to be notified! 

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Please visit our Open House at 107 15168 19 AVE in Surrey.
Open House on Saturday, November 24, 2018 2:00PM - 4:00PM
Spacious, easy-access ground floor 1 bedroom renter and pet-friendly condo w/ 9 foot ceiling, stainless appliances, granite countertops, laminate floors and large patio. Designed as show home suite for entire development. Perfect for downsizing families. Excellent condition. Very walkable area w/ nearby shopping centre, library, hospital and parks. Myriad transit options to Langley and Vancouver. Facilities include storage locker, gym and one wide parking stall. Open House , Thursday Nov 22nd 10:00 to noon
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Please visit our Open House at 107 15168 19 AVE in Surrey.
Open House on Sunday, November 25, 2018 2:00PM - 4:00PM
Spacious, easy-access ground floor 1 bedroom renter and pet-friendly condo w/ 9 foot ceiling, stainless appliances, granite countertops, laminate floors and large patio. Designed as show home suite for entire development. Perfect for downsizing families. Excellent condition. Very walkable area w/ nearby shopping centre, library, hospital and parks. Myriad transit options to Langley and Vancouver. Facilities include storage locker, gym and one wide parking stall. Open House , Thursday Nov 22nd 10:00 to noon
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Please visit our Open House at 107 15168 19 AVE in Surrey.
Open House on Thursday, November 22, 2018 10:00AM - 12:00PM
Spacious, easy-access ground floor 1 bedroom renter and pet-friendly condo w/ 9 foot ceiling, stainless appliances, granite countertops, laminate floors and large patio. Designed as show home suite for entire development. Perfect for downsizing families. Excellent condition. Very walkable area w/ nearby shopping centre, library, hospital and parks. Myriad transit options to Langley and Vancouver. Facilities include storage locker, gym and one wide parking stall. Open House , Thursday Nov 22nd 10:00 to noon
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Planning on a Christmas bonus? Why not stash that cash into your home?


With just a $3000 budget, you can make some impactful home improvements that return all or most of their value in resale, while giving yourself a little gift in the process. 


Kitchen and bathroom’s attract a buyer’s attention first, and they’re arguably the most used room’s in a home. Instead of a full renovation, you can add meaningful but value-conscious improvements. 


Hosting a holiday get-together? New bathroom fixtures can add flair, like turning ordinary faucets into focal points. 


Bathroom investments typically recoup 80 - 90% of their budget in resale, making them both a smart decision and one that adds comfort. A jetted tub fits within the $3000 budget, yet looks and feels far more luxurious than the price suggests. Not to mention, winter nights get a little less chilly!


Cooking Christmas dinner in a stale kitchen makes anyone feel like a turkey. A new countertop will put you at the top of your budget, but will have all your guests — and future buyers — talking. 


Welcome guests to your home with a brand new, custom hand cut front door. Sound expensive? These improvements will hit your budget’s ceiling, but they return nearly 100% in the investment.

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I have sold a property at 1709 928 BEATTY ST in Vancouver.
Ensconced between Yaletown and Crosstown, The Max is quintessential Vancouver living. With open views , proximity to the downtown core, transit access and modern on-site amenities. Cleverly packaged and designed for people who love to be out on the town, Suite 1709 is proof you can have big city living, in a cozy, comfortable package. Within Suite 1709’s walls is an opportunity for DIY’ers wanting to roll up their sleeves, and turn this 1 BR/1 BA unit into the trendy downtown pad of their dreams. Featuring a balcony and open concept kitchen/living area, along with its proximity to popular restaurants and clubs, this suite is primed to become the entertainment destination for friends and family.
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