The benchmark price of a single family detached house in the Fraser Valley in July was $534,042, an increase of 4.6 per cent compared to $510,470 in July 2010."

Source: FVREB

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Buyers:
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If you're thinking of buying --- stop thinking and BUY!    :)    Seriously!   Mortgage Rates are at a historic low.   Home prices are fantastic.   What are you waiting for?    If you're not sure you can qualify -- ASK!    In many cases, a mortgage payment would be less expensive than rent.    Not sure -- ASK!  :)    If you're worried about not having a big enough down payment -- see if you qualify for low or no down payment programs.  Yes those really DO exist!!  :)

If you're not sure and curious -- pick the brain of a professional.   Laurence and Quinn are super easy to talk to and highly informed on the different mortgage products available and can see which would suit your needs best.   You can find them here:   http://www.centum.ca/mortgagepartners/Request-a-Call


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Sellers:
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If you're thinking of selling -- why are you still thinking??   

Are you waiting till you find the perfect place?  Please, please consider this issue if that is the case: http://stewart-henderson.myrealpagewebsite.com/blog.html/avoid-a-costly-real-estate-mistake-1032551


Is it that you're not sure if you have enough equity to sell and then buy?   

If you're selling and buying in the same market you are really just transferring your equity over to a new property.   

Before you do that though, I HIGHLY recommend consulting with someone like Irina Bartnik.  She brought to our office's attention a VERY easy way to save yourself several thousand dollars.   BUT ... you HAVE to do so BEFORE you get an offer on your place or the bank may say no.  Timing is essential.  You can pick Irina's brain here: http://www.notary-langley.com/    


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This Month's Articles:
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1/  Should You Worry About Market Fluctuations?

2/  Deciding Between Two [Almost] Perfect Properties

You will find them here:
http://www.morrisontheweb.com/member/documents/tihs/Informed%20Home%20Buyer%20Aug%2011.pdf


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Hot New Listings, Distress Sales, Bank Foreclosures
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You can always find them on my site:  http://FraserValleyMLSsearch.com/


I hope that you find this info useful.  If you have any questions on what I have mentioned please email or call anytime. I look forward to hearing from you and thanks for taking the time to read my blog.  :)

Happy House Hunting!