Tuesday, January 20, 2015
Duty of Honesty and Good Faith
When entering into a contract of purchase and sale, we get asked all the time......"What's my out clause"?
The truth is.....there is no out clause. When entering into a contract of purchase and sale, it's important to say what you'd like to do, and do what you say. There is a real mis-conception out there that the Buyer should have an escape clause and the Seller should be bound by the contract, until the Buyer says "okay". If you make an offer to purchase conditional upon receiving financing, passing an inspection or some other condition that the Seller has agreed to, it's important to know the Seller expects you to do your due diligence and so do the courts. In a recent decision the Supreme Court of Canada ruled that there is a general duty of honest contractual performance in every contract. The court also stated that "parties must perform their contractual duties honestly and reasonably......".
What all this means is "The courts may not look very favourably on a party tying...
Monday, January 5, 2015
2015 Property Assessments - What do they mean?
The recent news release of the 2015 has everyone aflutter...and the question is why?
This most recent press release from B.C. assessment regarding the subsequent mail out of 2015 assessments has to be the biggest non-story of the year, which doesn't say much considering it's only the 5th of January. With that said, let's consider what this really is.
Each year municipalities finalize a budget for the coming year, in Victoria's case all 13 arrgh! From there, it's time to generate the income needed to provide for the expenses, remember in British Columbia, unlike federal and provincial Gov't, Municipalities can't run large deficits. Rightly or wrongly, the way we generate revenue in municipalities is largely through taxing businesses and properties. How do we decide who to tax the most and who to tax the least? The
answer seems to be, we will tax the properties based on their value, higher valued properties will pay more taxes and lower valued properties pay a lower tax. So, all...
Monday, December 29, 2014
Updating your kitchen in the New Year?
Thinking of updating your "space challenged" kitchen for the New Year? Check out these creative ideas on how to make the best use of that smaller kitchen footprint!
Monday, December 8, 2014
Top 10 Entry Level Langford homes sold in November
This family friendly community is still the fastest growing municipality in the CRD, and leads the CRD with housing starts. Affordability and low interest rates have the been the main market drivers with 431 single family sales year to date, 46 sales in November alone. And here's my shameless plug...Watch for the January launch of "Summerstone", our new 69 lot single family development, priced in the mid $300's. Stay tuned to our website for updates!
1. 1009 Boeing Close - $349,900
2. 1005 Gala Court - $354,900
3. 3338 Turnstone Drive - $360,000
4. 3326 Myles Mansell Road - $410,000
5. 1326 Bombardier Crescent - $449,900
6. 3056 Dornier Road - $455,000
7. 3321 Piper Road - $475,900
8. 3319 Merlin Road - $509,000
9. 2791 Kingswood Road - $527,000
10. 564 Brant Place - $528,000
Monday, December 1, 2014
Top 10 Luxury Home sales in November
It has been a strong year for homes priced over $1m, with 204 sales, from the Peninsula to Victoria. These are 10 of the Top Luxuary Homes to sell in November 2014.
1. 4014 White Rock Street, Ten Mile Point
2. 1640 Hollywood Crescent, Fairfield East
3. 3215 Midland Road, Uplands
4. 319 Denison Road, Gonzales
5. 2003 Hovey Road, Saanichton
6. 1994 Ferndale Road, Gordon Head
7. 954 Monterey Avenue,...
Thursday, November 27, 2014
Creative Ideas for Holiday Guests
More family and friends staying at your place for the holidays than you have room for? Here are some creative ideas!
Monday, October 27, 2014
When to Paint Your Door Orange?
With Halloween close approching we found this article fitting. We have seen lots of bright red doors on homes but why not choose orange next time you're thinking about painting. Check out the article below for some ideas. Orange is a great colour for an entry of a home but hard to match with.
Friday, May 16, 2014
Summerstone sneak preview!
Sneak peak of the Summerstone. 69 detached homes in the mid 300's coming this fall........some of the best an most unique Limona Homes ever.
Tuesday, May 13, 2014
How would you like a 1.99% mortgage?
This could be pretty big news - a real mortgage at 1.99%. Of course, it comes with a few restrictions, but the bottom line is that this is real - simply wow!
Tuesday, May 6, 2014
A new home under construction at The Summit at Thetis
Today, we just started construction on a new home on Lot 13 at The Summit. It is similar to the Poplar model, our main show home, but it has been modified to take better advantage of the shape of the lot, and the view to the park and city beyond from the master bedroom.
At only $529,900 including appliances, blinds, and GST this is an excellent value in a nearly sold out subdivision.
If you want to learn more visit our website. To make this home yours before someone else does, contact us today, or visit our sales centre at 39 Bamford Court, every Saturday and Sunday from 1-4pm.
Even better, buy this home while it is under construction and take advantage of the opportunity to choose your own colours and surfaces! (s)
Saturday, May 3, 2014
The latest market stats - and some team news!
May brings the sunshine and some healthy Real Estate numbers to Victoria......and some changes to our Real Estate Team!
First.....here is the release of our market update dashboard. A simple to read custom dashboard that will show new sales, listings, days on market and other easy to understand pertinent info related to Victoria's Real Estate Market. This dashboard is easily customized, and we'd welcome any feed back that could enhance it to better suit our clients.
Secondly.....As you may have noticed, our team has changed! Crozier and Marchant have merged with the Top Selling Team in Victoria, "Preferred Homes Team". This brings the sales and marketing power of two great Real Estate forces together, creating a climate for our clients that is unprecedented in Victoria. With this change we've enhanced virtually every system in place, combining the best practices of each Team to better serve us all. Look for the listings marketed by Preferred Homes Team of Crozier, Marchant and Leong...
Saturday, March 29, 2014
And Then There Was Only One.....
We are now down to our last home at Homes at Hazelwood. Yesterday we accepted an offer on our show home which means that we have one 3 bedroom home left with a nice big back yard for only $349,900 including GST, appliances, and blinds.
Would you like to make this remaining Scottswood model your home? Would you like to settle into your very own brand new home in just a few weeks? If so, you had better move fast! This is it, your last chance to make your home at Homes at Hazelwood.
Our show home will be open at 3341 Piper on Sunday from 1-4pm! We hope to see you there!
Thursday, March 13, 2014
Another young couple moving to The Summit at Thetis
In this brisk Spring market, sales keep moving along nicely! Just today, another couple has chosen The Summit at Thetis for their new family home.
With only SEVEN homes left, there are still some great options available, but time is running short if you would like to make this popular neighbourhood your home!
We are open Saturday & Sunday from 1-4pm and hope to see you at our show home at 39 Bamford Court. (s)
Thursday, March 6, 2014
Only one Scottswood now left at Homes at Hazelwood
If you have been thinking of buying at Scottswood at Homes At Hazelwood you may be down to your last option! We just accepted offers on lots 39 and 48, both for Scottswood models, leaving our last Scottswood available and under construction on lot 45. Best of all, this home is nearly complete meaning that you could move in as early as March 31!
Our remaining homes are open every Sunday from 1-4pm. We hope to see you there!
Tuesday, February 25, 2014
A great new 3 bedroom + den home for lot 21 at The Summit!
We've just released this new house plan specifically for lot 21 at The Summit at Thetis.
With three bedrooms plus a den, all bedrooms on the same level, and an oversize double garage with ample room for a workshop, this large family home is one of the last opportunities to buy your home in this nearly sold out development.
At only $519,900, and only available on this lot, this is a great value in a brand new home. Even better, if you purchase this home before construction, you can customize your colours and surfaces and still move in within six months!
Come visit us at our show home every weekend from 1-4pm, or call us for a private tour.
Wednesday, February 12, 2014
Another sale at The Summit at Thetis
Wednesday, January 29, 2014
Only FOUR lots left at Homes at Hazelwood!
Another great week with more families choosing Homes at Hazelwood as their next family home. Lot D and E are now sold with homes nearing completion. That leaves only three of the Scottswood models at $349,900 and our show home at $379,900, all plans with 3 bedrooms. Our show home is available anytime for a fast possession and we will have a Scottswood ready for the end of April.
We are definitely getting to last call for Homes at Hazelwood. If you are house shopping, why not visit us every Sunday from 1-4pm and see what all the fuss is about? (h)
Monday, January 20, 2014
Congratulations Karl Leong - RE/MAX Camosun's Top Agent for 2013
On behalf of all of us on The Preferred Homes Team, congratulation to our partner, Karl, for being the top agent for 2013. With about 200 agents in the company, this is quite an achievement!
We are also proud to report that our team was the top team in the company for 2013, a repeat from 2012.
Of course, the thanks really go to our clients for their trust and to our colleagues for cooperating with us on our listings. Here's to another great year for everyone! (h)(s)
Thursday, January 16, 2014
Another 3 families moving to Homes at Hazelwood!
At this point, we are over 90% sold out with only FIVE homes left.
Homes at Hazelwood is regarded as one of the best values in the West Shore, but that opportunity is nearly gone. If you are interested in learning more, or finding a home for yourself, check out HomesAtHazelwood.ca today, and then come by our show home this Sunday from 1-4pm. You'll be glad that you did. (h)
Saturday, January 4, 2014
Summit at Thetis: Show Homes Open Saturday & Sunday, 1-4pm
Our team will be back at our showhome at The Summit at Thetis both days this weekend from 1-4pm. Although we are over 80% sold out, we still have some great plans available. Check out the website, come visit, and let us start building your new dream home today.
Our show home is located at 39 Bamford Court. Just follow the signs!
Saturday, January 4, 2014
Homes at Hazelwood: Show Home Open Sunday 1-4pm
The Christmas season is over and our show homes at Homes at Hazelwood are open again, every Sunday from 1-4pm. We've got a lot to show you including our new super popular Scottswood plan starting at only $349,900. Or, if you need more space, check out our Somerset with four bedrooms on the same level for only $429,900. We also have a Winchester, 3 bedroom home at $379,900 ready to move into today. All of our prices include appliances, blinds, and GST!
Come on by and visit us at Homes at Hazelwood at 3331 Piper on Sunday from 1-4pm
Wednesday, December 11, 2013
Price Breakthrough! A Brand New 3 Bedroom House for only $349,900
No corners are cut here! Yes, this is a regular detached house with a real back yard. It includes a gas fireplace, a garage, and much more. This is a regular freehold lot so there are NO strata fees here either.
We will only be buiding four of these homes and then they will be sold out. If you want to learn more, check the Homes at Hazelwood website for full details and then call us today!
As an added bonus, the next two homes sold will include FREE appliances and blinds, a $5000 value.
Call today! (h)
Wednesday, December 11, 2013
We are proud to be able to help the United Way help others!
Besides financially supporting the United Way, we wanted to see if there was more that we could do to help such a great organization do an even better job in our great city. We feel strongly that as a successful local business, it is our responsibility to give back to our community.
When we heard that the United Way was scrambling to find bags to use to deliver their workplace campaign materials we saw it as an opportunity to step up! Now, the United Way has enough good looking, United Way red bags to last them for a couple of years.
Thanks for allowing us to help!
Monday, December 2, 2013
List Your Home Now, or Wait Until The New Year?
I get this question from sellers all of the time. Many people have their own belief which month is the best to list. In fact, many say that it is best to list in the spring because there are the most buyers around or because their home will look its best.
Is there any truth to the believe that it is best to list in the spring? The truth may surprise you.
I recently spent some time extracting all of the new sales, new listings, and inventory levels out of matrix, month by month. As you would expect, it was very clear that during certain months of the year, generally in the late spring, there were many more sales than there were in the November to January time frame. Does this mean that you should list in the spring? Looking at the data, we can see that inventory is highest in the spring, meaning more competition, and that there are also the most new listings being launched in the spring, meaning more distraction for buyers causing them to...
Monday, November 18, 2013
Some Experts Think Our Low Mortgage Rates Are Here To Stay
Here is a link to a very interesting article about our current mortgage rates. The Chief Economist of CIBC thinks that our rates are not going to go up as much as many think. It is definitely worth a read. (h)(s)
Sunday, November 17, 2013
Another home SOLD this weekend at The Summit at Thetis
We will be open today from 1-4pm so come on up, visit our show home, and see for yourself why this hot new neighbourhood is nearly sold out!
Our show home can be found at 39 Bamford Court in View Royal. Just turn onto Chilco Road from Six Mile and follow the signs. (s)
Saturday, November 9, 2013
65 Showings, 8 Offers, One Unconditional SOLD!
Whenever we market a home that is either a target for a major renovation, or replacment, we are absolutely swamped with calls and showings! Everybody loves a deal. This home on Synod was no exception. Sure, it needed A LOT of work, but with an 18,000 sqft lot many thought the effort was worth it.
After 4 days on the market we had over 60 showings and from that, 8 offers were received. We are pleased to report that the home is now sold at $31,000 over the asking price. Congratulations to our clients and, of course, to the very excited new owners!
Friday, November 8, 2013
A new great VIEW home at The Summit at Thetis
For a while now we have had several lots ready to build on that offer excellent views over the city, and even some ocean glimpses. The challenge with one of them, lot 55, is that none of our standard house plans fit as this lot requires a level entry plus a basement.
We are very pleased to announce that we have completed the design and have started construction on lot 55 with a March 31, 2014 completion! This new custom home offers a level entry with a large deck that will certainly offer stunning views. Upstairs, you will find three spacious bedrooms, including a great master suite positioned perfectly to maximize the view. One of the best thing about this lot is that it lets us add a lower level which will feature a huge family room & bathrooms with good views here as well.
Priced at only $649,900, ready to move into including appliances & blinds, we expect that this home will be snapped up pretty quickly. If you are interested...
Thursday, November 7, 2013
A great new 3 bedroom plan at The Summit at Thetis
We've got a great new plan to tell you about which we are going to start building right away on Lot 6 at The Summit at Thetis.
A spacious & bright open floorplan greats you as you enter this affordable family home. Upstairs 3 bedrooms plus a den offer room for the whole family while large windows bring in lots of light and fresh air.
Located on a flat, corner lot, close to the playground, this is an excellent family home that is very affordably price at only $499,900. It will be complete in a about 6 months, but you may want to tie it up before then as we are pretty sure that it will be sold long before it is complete.
We'll be at the Summit at Thetis both days this weekend from 1-4pm. We hope to see you there!
Monday, October 28, 2013
Our new Somerset plan offers loads of space at a low price
I just had the opportunity this morning to walk through our new Somerset home at Homes at Hazelwood. Our first model of this new plan is just being framed so it was a great time to see if the actual home flowed as well as it seemed to do on the floorplan.
I was thrilled with what I saw. The great room on the main level feels huge and was nice and bright. Having a separate formal living room or den on the same level will be a great way for individual family members to get some quiet time when they want it.
Upstairs really "wowed" me! First of all, there are a whopping four bedrooms on the same level, including a spacious master suite. Plus, there is also a very open family room at the top of the stairs, making a great place for the computer or gaming console. We were able to create a very open vaulted ceiling over the stairs which just adds even more to the volume and openness in this house.
All in all, we feel that at $429,900...