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Are you thinking about buying a property to rent in North Delta? This may be a sound investment; after all, real estate has helped people amass great amounts of wealth, and it’s a more hands-off investment than starting a business. 

However, just like with any other investment — it’s not as simple as it first appears. You need to be well-versed in the many intricacies of being a landlord before you can truly profit from a real estate investment. And if you want to become the new owner of one of many North Delta rental properties — we’ll give you all of the information you need right here!

Becoming a Landlord in North Delta 

There are plenty of advantages to buying a rental property as a long-term investment. Most obviously, it’s a stable source of income. Even after you pay the mortgage and assorted expenses, there will probably still be a tidy profit. Though, while this is a source of passive income; it doesn’t mean that being a landlord is “free money”; there’s still work to put in. 

Apart from the rent, you’ll receive from your tenants, there’s also the matter of price appreciation — as time passes, the value

North Delta Housing Market (Neighbourhood Overview)

New stats from Fraser Valley Real Estate Board state that Fraser Valley Real estate continues to break records for the ninth consecutive month-while at the same time, reaching near-historic Levels of new listings. While the market is great for Sellers, it is also a great time for buyers.

Annieville, North Delta Real Estate Highlights: Out of the 49 total homes listed, 12 were sold in May, 2021 in Annieville, North Delta. We continue to see decline in the sales ration from 64% in March to 54% in April, which goes down to 24% in May.

In May 2021, home sales in Annieville, North Delta, unlike past few months, where most properties were selling over asking price, not many sold above asking. The median sale price for the area was $1,276,000 with houses offering average of  4-5 bedrooms and 3 bathrooms.

If we compare the Single Detached Homes in Annieville, North Delta to just last month, the property prices seem to have stabilized. In April, houses sold between $970,000 upward to $2,280,000 while being only on market for 14 days in average, compared to May, where sale prices started at low of $1,060,000 upward to …

Getting Started

In the real estate business, there are numerous ways for realtors to handle, transact and complete their house sales. One of the most efficient and proven ways to boost your closing rates is hosting open houses. 

An open house compares to a rock concert where people can collectively view all the beautiful qualities available within a home or condo. Visiting an open house is also like attending a live social gathering where you get to meet with other agents, friends, and, yes, buyers. When used correctly, open houses can help you save money as they enable you to show your home to many people at once.

Although many real estate agents might not truly appreciate the potential that this concept entails, open houses are the best way to generate more leads.

Purpose of an Open House 

Before hosting an open house, there are factors that you should consider first. 

Why should you host an open house? Will you close the sale on that house you have been trying to sell for years if you put up an open house? These are just but a few questions you should ask yourself if you are to put up your home

North Delta Housing Market (Neighbourhood Overview)

Fraser Valley Real estate saw record-breaking sales with April topping the previous monthly high set in 2016 for the eighth consecutive month. Even though it is still ‘Seller’s Market’, increase in the inventory has certainly calmed the prices in the area, compared to last couple months of 2021

Annieville, North Delta Real Estate Highlights: Out of the 46 total homes listed, 25 were sold in Apirl, 2021 in Annieville, North Delta. We saw a boost in the sales ratio from 57%in February to 64% in March but the sales ration declined in April to 54%.

In April 2021, home sales in Annieville, North Delta, several properties sold between $100,000 165,000 over the asking price! The median sale price for the area was $1,250,000 with houses offering average of 4 to 5 bedrooms and 3-4 bathrooms. I was a little strange to see a 8 bedroom 8 bath, 8,712 sq.ft home sold for $98,800 below listing price, which further ensures market slowly stabilizing.

If we compare the Single Detached Homes in Annieville, North Delta to just last month, the property prices have seem to go higher. In March, there was an increase where houses sold …

Are you and your family considering making the move to North Delta? If you’re not already, you should get acquainted with all the city has to offer. Sitting just about 30 minutes outside of Vancouver, North Delta has become the ideal central location to live whether you have a family or flying solo. You can easily take a quick drive downtown into the bustling city or spend a leisurely day out in the peaceful Fraser Valley

The best part is, when you live in North Delta, you don’t have to travel far outside your own backyard to take advantage of the incredible nearby scenery. The community is full of beautiful parks and recreational areas for whenever you feel like getting out into nature.

Not only is it home to gorgeous lush green forests and trails, but the city has some amazing local businesses that make it the perfect place to buy or rent a property. With everything from trendy restaurants and retail shops to beauty and spa services, the area is incredibly diverse. That’s the greatest thing about North Delta—it truly has something for everyone. Below, we’ve compiled a list of some of the great local businesses in the area

The process of buying or renting a home can be a tedious and stressful one, but it certainly doesn’t have to be that way. If you’re considering moving to Surrey, British Columbia and can’t decide whether to buy or rent a home in the area, don’t worry. We’re here to help.

We’ve put together the ultimate guide to deciding between renting or buying a home in Surrey. We’ll go into everything you need to know, from the cost of living in the area to mortgage rates to reviews of some houses currently on the market in Surrey. First, let’s takes look at the cost of living.

The Cost of Living in Surrey

Top real estate team in N Delta

With a population of nearly 518,000, the average household in Surrey earns $77,494. The cost of living is 11% higher than the national average and Surrey is considered the 12th most expensive city in Greater Vancouver. It’s also the seventh fastest-growing city as well. 

Transportation is considered to be very affordable in Surrey, while healthcare is at the national average in terms of affordability. However, food and housing are significantly more expensive than surrounding areas in British Columbia, which is a common occurrence in this area. 

Mortgage rates

North Delta Housing Market (Neighbourhood Overview)

In terms of sales-to-list ratio, we are still in a “Seller’s Market”.  There is definitely a rise in inventory and according to the Fraser Valley Real Estate Board, it is a historical high in terms of active listings.  Year over year we can see a jump from 125 active listings last spring to 178 this year.

Annieville, North Delta Real Estate Highlights: There were 44 homes for sale and a total of 28 homes sold in March, 2021 in Annieville, North Delta. Inventory is not sitting, to say the least, and homes are selling within more or less a week or two in most scenarios. The sales rato increased from 57%in February to 64% in March.

In March, 2021, home sales in Annieville, North Delta, several properties sold for $100,000-$150,000 dollars over the asking price! It was very shocking to see some properties going for $245,000-275,000 above asking price. The median price for the area was $1,260,000 with houses offering average of 4 to 5 bedrooms and 2-3 bathrooms.

If we compare the Single Detached Homes in Annieville, North Delta to just last month, the property prices have seem to go higher. In February, …

Choosing to rent or buy a home isn’t an easy decision to make, even in the best of times. Answering this question also requires a bit of understanding about the housing market in a particular area, and deciding whether or not the risks outweigh the advantages.

If you are considering buying or renting a house in North Delta, we have you covered. In this in-depth guide, we’ll break down everything you need to know about the cost of living in North Delta, mortgage rates, pros and cons, and a few reviews of homes on the market. Let’s start by breaking down the cost of living in the North Delta.

The Cost of Living in North Delta

Best realtor in Delta Picture Source: indoindians.com

With a population of just over 102,000, the average household in North Delta earns $92,300. The cost of living is 4% higher than the national average and Delta is considered the 9th most expensive city in Greater Vancouver. It’s also the fifth fastest-growing city as well. 

Transportation and healthcare are considered to be very affordable in Delta. However, food and housing are significantly more expensive than surrounding areas in British Columbia. 

Mortgage rates in North Delta vary significantly. We’ll offer an

North Delta Market Statistics

North Delta Housing Market (Neighbourhood Overview)

It’s still a Seller’s Market in North Delta and other parts of the Fraser Valley.  According to the Fraser Valley Real Estate Board (FVREB) property sales have surpassed the last 100-years of the board’s history.  The last six months in particular in terms of property sales have been unprecedented, much like the pandemic itself.  It’s remarkable.  For the most part, each pocket neighbourhood in North Delta has continued to reflect a high sales ratio when accounting for the number of homes offered for sale and the number of homes sold this month.

Annieville, North Delta Real Estate Highlights:  There were 35 homes for sale and a total of 20 homes sold in February 2021 in Annieville, North Delta.  Inventory is not sitting, to say the least, and homes are selling within more or less a week or two in most scenarios.

In February 2021, upon reviewing home sales in Annieville, North Delta, several sold over $150,000 dollars over the asking price!  If that’s not an astounding number I am not sure how much more “wow” you need.  Generally speaking, the median price ($1,243,500) outlined below is somewhat accurate with many typical North Delta Annieville …

Are you in the market to buy a new home or sell your existing home? You’re not alone. Many homeowners have decided to relocate in the past year, and it looks like the trend is going to continue well into 2021. There are quite a lot of people looking for top-tier realtor representation right now.

Taking on the task of finding or selling a home can be a serious burden on homeowners, which is why it is highly recommended to seek out a talented, experienced real estate agent. Local real estate agents have the most valuable experience when it comes to home-buying and selling, as they are more likely to have knowledge on neighbourhood features, pricing, listing inventory, buyer trends, and up-to-date market values.

However, not all real estate agencies are worth their salt. It’s important to have a few key things in mind when searching for a realtor so you don’t end up with less than reliable service.

In this in-depth guide, we’re going to break down everything you need to know about finding a top-tier realtor in North Delta, BC– as well as why Sukh Brar Real Estate Group is the best choice for your homebuying journey.

How

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  • Sukh Brar Real Estate Group

    Sukh Brar Real Estate Group
    (604) 648-7800
    sales@sukhbrar.ca
    Top 1% Realtor according to the FVREB 2014-2019