Rosemary Papp

With over 36 Years Local Experience to Serve You

778-834-8021

 

I have sold a property at 73 2315 198 ST in Langley.
Roomy beyond measure! This L shaped manufactured/modular by Chilliwack Homes features 2 spacious BR plus a study or 3rd BR, den/family room and separate storage area off kitchen. Recent updates include new carpets, lino, baseboards & trim, countertops, sinks, taps, light fixtures, custom heritage style doors, fresh neutral paint palette throughout. Other features include natural oak cabinets in kitchen & bathrooms, bay window in LVGRM, 2 pce ensuite in master, tuck away laundry in main bath, easy care vinyl sided exterior, concrete pad. Cul de sac location, large wedge shape lot, covered and open parking, amenities include cluhouse & rec centre, shopping and restaurants near by. 45+, 1 small pet, this good buy is soon good bye!
Read Full Story

I have sold a property at 103 9080 198 ST in Langley.
Maxi home, mini price! This Seymour plan features tiled entry foyer, family room off kitchen with access to patio, spacious living/diningroom, gas fireplace, open kitchen with pantry cupboard and large bedrooms. Mbdrm features Jack & Jill closets to ensuite with soaker tub, guest size 2nd BR also ideal as den or hobby use. Features include fenced yard, double carport with storage, 2015 roof; cosmetic upgrades needed to bring this home to it's full potential. Amenities include clubhouse with full kitchen, social activities, workshop, doggy park, RV and visitor parking. This gated community is for those 55+, 1 small pet ok, direct access to Walnut Grove shops and transit. Call soon or this good buy will soon be good bye!
Read Full Story

Source: Lori Watson Mortgage Specialist  Canadian Mortgage Experts - DLC 

Ah spring, a time when the sun pours in the windows, plants are growing, things feel alive, and we give the house a good spring clean!

Although this winter was relatively mild, we certainly had some proud Canadian winter moments. You will probably want to make sure that your property weathered the storm and is in good condition. So here are six things to check on your home this spring!

The Roof

Your roof will have undoubtedly received the brunt of the winter weather, so when you can, it’ll be important for you to ensure that everything is still working as it should; that your shingles are securely fastened and (obviously) that none are missing. Additionally, for those who live in wet climates, check to make sure your roof is free from any kind of developing growth (moss etc.).

Shingled roofs should last approximately 20 years (depending, again, on variables such as climate) so as the years go on, don’t be surprised if and when sections of your roof begin to break down and deteriorate. A good idea to be prepared for such eventualities is have a separate account where you put money away, little by little.

Gutters

Check your gutters for any loose connections, leaks and cracks, as well as for debris that may have gathered throughout the winter months. Keep in mind, as well, that downspouts should always be pointed away from the foundation.

Ground “Indentations”

Low-lying sections of your property (especially near your home’s foundation) can be problematic. These pools, if left to form in the wrong location, can lead to water coming through your home’s foundation. Not to mention, they can become an excellent breeding ground for all sorts of pesky insects.

Avoid these pitfalls by leveling the ground, sloping the soil away from the house (and adding soil as necessary).

Outdoor Concrete

Outdoor concrete (patios etc.) can shift or crack during those months when the ground around said pad freezes and thaws. So, as you come into spring, check to make sure that the concrete that surrounds your house hasn’t begun to slope into your foundation (starting to see a trend here? Hint: water = good. Water leaking into house = bad).

Additionally, if you do find cracks, or if the aesthetic appeal of your concrete has declined, take the time to clean and re-seal.

The Driveway

Paved driveways have a tendency to crack and wear over time (not unlike concrete). Springtime is the perfect time to reseal, while you're in that spring cleaning mood! This job will restore the color to a fresh black, while also ensuring that your driveway is free of bumps and weed protrusions.

Keep in mind, however, that most sealers will take about 48 hours to dry properly, so watch the weather, and don’t start anything that might be compromised by rain or windblown elements. Popular Mechanics has a great article to get you started!

The AC Unit

The reality is that air conditioning units run constantly throughout the summer months, so in addition to servicing your unit after the summer, consider having it serviced in the spring as well, since it will have been sitting dormant for several months.

There you have it. Six home/property areas to pay attention to as winter gives way to spring. I trust these will be helpful to you as you invest time and love into your property.

However if you are considering a little more than just regular maintenance this spring, mortgage rates are at an all time low, now might be a great time to talk about using some of the equity in your property, to renovate and/or increase your property’s value!


Post CommentComments: 0Read Full Story

Source: Lori Watson Mortgage Specialist  Canadian Mortgage Experts - DLC 

It might sound unbelievable, but it’s absolutely possible for someone to steal your house. It’s called title fraud, and it’s a problem that has been around for a while in Canada. And although exposure to title fraud is minimal compared to, say, debit or credit card fraud, the damage to its victims is considerably more severe. Title fraud is potential big money for perpetrators, and their schemes can be complex to say the least. Don’t underestimate the lengths to which they will go to cash in on a big payday.

Let’s break down title fraud, identify who is most at risk, and look at the best ways to protect yourself from having your house stolen out from under you!

Title Fraud

Title fraud almost always starts with identity theft. When someone steals your identity, they actually become you (well not really, but as far as anyone who doesn’t know you is concerned, they are you). So once they become you, they are acting as you, the scope of the fraud starts with what you could carry out as normal business, and then grows from there with increased deception and elaborate plans.

Here are some common scenarios. The perpetrators could do any of the following:

  • Using your identity, they could discharge your current mortgage and replace it with one at higher value, pocketing the difference in cash, using a bank account they created in your name, only to disappear before the loan/mortgage goes into arrears and a collection agency calls seeking repayment.
  • Using fake id and forged documents, they could transfer the title of your property out of your name, register a home equity line of credit or mortgage against the title, advance the funds in cash, and disappear, leaving you with a foreclosure notice a few months down the road.
  • Depending on market conditions, if it’s a real seller’s market, they could even potentially sell your property sight unseen, close the transaction, and skip town before the duped buyers show up at your house in a moving truck, ready to take possession.

The scary thing is, as the victim of identity theft and/or title fraud, there is legal precedence set that as the mortgage was taken out in your name and it was done so as a legal transaction, the onus is on you to prove that you were the victim of fraud. Until you do so, you are responsible for the repayment of the debt or it will damage your credit score.

As in the case of someone fraudulently selling your house out from under you, there is legal precedence set where the new buyers could actually be awarded possession of your house, because you were the victim of identity theft and title fraud, they weren’t. As far as everyone else is concerned, the buyers executed a perfectly legal transaction. It falls on you to prove otherwise!

Who Is Most At Risk?

The more equity you have in your property, the more likely you are to be targeted. Let’s say your property is worth $450k, and you owe $150k on your mortgage — there is potential access to $300k of equity. However, as the maximum refinance amount in most cases is 80% of the property’s value, in this case $210k would be accessible. And as most lenders limit the amount of cash you can refinance out of a property to $200k, this is a perfect target.

Properties that are owned clear title (no mortgage or line of credit registered against the home) are considerably more susceptible than properties with a mortgage because there is no mortgage to discharge. Essentially, there is one less hurdle for the fraudster to register a new mortgage or transfer the title.

Unfortunately, if we have to label an age group that is most at risk, it would be the older generation. Seniors are more likely to own their properties clear title and are less savvy about identity theft and may take longer to realize something is going on.

Protect Yourself!

Okay, if your heart is beating a little faster now, don’t worry, it will be okay. Here are some practical steps you can take to protect yourself!

The first line of defence to prevent title fraud is to protect yourself from identity theft. The financial consumer agency of Canada has some good information that outlines the basics. But a lot of it is common sense: keep your ID close, don’t disclose your personal information to strangers on the phone, and if something smells fishy, make sure to investigate before proceeding!

Now, in order to protect yourself from title fraud directly, you can purchase something called title insurance! If you have recently purchased or refinanced your property, chances are you already have it. With the increasing amount of mortgage fraud, a lot of lenders make title insurance a mandatory condition of lending you money. This is a really, really good thing.

There are two types of title insurance available from a few different providers, offered directly from your lawyer’s office. The first is title insurance that covers the lender in case of title fraud, and the second covers the lender and you. It’s smart to go with the more comprehensive policy that covers you!

Title insurance is relatively inexpensive and covers you as long as you own the property (even if you discharge your mortgage). It can be purchased at any time, so if you aren’t sure if you have title insurance, might be worth a look through your mortgage documents. And if you can’t make heads or tails of them, take them to your mortgage broker and they will be happy to work through everything with you.

What to Do if You Suspect Fraud?

If you suspect or find out that you are the victim of title fraud, you should do the following:

  • Contact the Canadian Anti-Fraud Centre, at 1-888-495-8501 or info@antifraudcentre.ca.
  • Report the situation to the police.
  • Report the fraud to both credit reporting agencies Equifax and TransUnion.
  • Contact your provincial land registry and let them know.
  • Keep all documents and record the exact time you became aware that you were a victim.


Post CommentComments: 0Read Full Story

I have sold a property at 9 6635 192 ST in Surrey.
House of AWWWS! Immaculate 4 BR 4 bath end unit offers private, south exposed fenced yard in small complex! Features of this beautiful home include 9 ft ceilings, crown mouldings, bright open kitchen with granite surfaces, SS appliances, maple shaker cabinets, large island, undercabinet lighting, meal nook and family room with access to spacious deck, hardwood & tile flooring. Living/diningroom with gas f/place overlooks mature green space to south. Mbdrm features walk in closet, double vanity, privacy ensuite. The 4th BR or recroom down includes full bath and access to double garage, loads of under stair storage. Area amenities include parks, specialty & major shops and transit. Call soon or this good buy will soon be good bye!
Read Full Story

Source: Fraser Valley Real Estate Board

SURREY, BC – Fraser Valley real estate hit a historical high in March, setting the record for sales processed in one month since the Fraser Valley Real Estate Board’s (FVREB) inception in 1921.

In March, the FVREB processed 3,006 sales on its Multiple Listing Service® (MLS®), an increase of 62 per cent compared to March 2015 and 26 per cent more then was processed in February. The previous record of 2,720 processed sales was set in March of 1991.

Charles Wiebe, President of the Board, said of this month’s statistics, “This market is uncharted territory for Fraser Valley real estate. It’s typical for spring to see a jump in activity; however, March came and went at a break-neck, record-setting pace. I’ve never seen anything like it.”

“While I'm certainly encouraged that so many are finding their way to owning a home in the Fraser Valley, I know that it can also be challenging for first-time homebuyers and those looking to transition. Talk to a local REALTOR®, and discuss what you want and what’s possible for you. We can help you get there.”

The Board received 4,057 new listings in March, an increase of 31 per cent compared to March of last year, and a 24 per cent increase from February. The total active inventory for March was 5,485, down 33 per cent from last year’s 8,193 active listings.

Wiebe explained, “Wiebe commented, “This is typically a busy time of year to buy and sell real estate, and those seeking homes are hungry to purchase. Unfortunately, inventory is struggling to keep up. With that said, if you’re thinking of selling your home, I encourage you to talk to a REALTOR® and consider your current opportunities. The market is in your favor.”

Across Fraser Valley, the average number of days to sell a single family detached home in March 2016 was 17 days, compared to 43 days in March 2015.

The MLS® HPI benchmark price of a Fraser Valley single family detached home in February was $741,000, an increase of 26 per cent compared to March 2015 when it was $588,500.

In March, the benchmark price of townhouses was $344,300, an increase of 14.9 per cent compared to $299,700 in March 2015. The benchmark price of apartments also increased year-over-year by 13.8 per cent, going from $190,800 in March 2015 to $217,200 in March 2016.

 

Find the March Statistics Package here.

Post CommentComments: 0Read Full Story
I have listed a new property at 73 2315 198 ST in Langley.
Roomy beyond measure! This L shaped manufactured/modular by Chilliwack Homes features 2 spacious BR plus a study or 3rd BR, den/family room and separate storage area off kitchen. Recent updates include new carpets, lino, baseboards & trim, countertops, sinks, taps, light fixtures, custom heritage style doors, fresh neutral paint palette throughout. Other features include natural oak cabinets in kitchen & bathrooms, bay window in LVGRM, 2 pce ensuite in master, tuck away laundry in main bath, easy care vinyl sided exterior, concrete pad. Cul de sac location, large wedge shape lot, covered and open parking, amenities include cluhouse & rec centre, shopping and restaurants near by. 45+, 1 small pet, this good buy is soon good bye!
Read Full Story
Categories: Abbotsford East, Abbotsford Real Estate | Abbotsford West, Abbotsford Real Estate | Agassiz, Agassiz Real Estate | Aldergrove Langley, Langley Real Estate | Basements | Bathrooms | BCREA | Bear Creek Green Timbers, Surrey Real Estate | Bolivar Heights, North Surrey Real Estate | Brookswood Langley, Langley Real Estate | Buyers | Buying | Canyon Springs, Coquitlam Real Estate | Christmas | Clayton, Cloverdale Real Estate | Cleaning | Cloverdale BC, Cloverdale Real Estate | Community | Contests | Coquitlam East, Coquitlam Real Estate | De | declutter | Decor | Downtown NW, New Westminster Real Estate | East Newton, Surrey Real Estate | Energy | First Time Home Buyers | FitToSell | Fleetwood Tynehead, Surrey Real Estate | Fraser Valley News | Fraser Valley Real Estate Board | FVREB | Garages, Home Staging | Giveaways | Greater Vancouver Real Estate Board | Guest Blog | Guildford, North Surrey Real Estate | Hacks | Heating | Home | Home Improvment | Home Inspection | Home Organization | Home Organization, Tips | Home Owner | Home Owners | Home Renovations | Homeowners | Homes | Homes Staging | Homes, Outdoor | Just Listed | King George Corridor, South Surrey White Rock Real Estate | Kitchens | Langley | Langley City, Langley Real Estate | Langley Real Estate, Forest Green Estates | Listing | Listings | Maintenance | Market News | Mission BC, Mission Real Estate | MLS | Mold | Mortgage | Mortgages | Mortgages, Tips | Moving | Murrayville, Langley Real Estate | Open House | Organization | Otter District, Langley Real Estate | Panorama Ridge, Surrey Real Estate | Pets | pill | Pillar to Post | Pillar to Post, Guest Blog, Lighting | Pillar to Post, Guest Blog, Summer | Prevention | Rates | RE/MAX of Western Canada | Real Estate News | Realtors | Renovations | REW.ca | Safety | Salmon River, Langley Real Estate | Savings | Scottsdale, N. Delta Real Estate | Search for homes | Seasonal | Sellers | Selling | Selling, Tips, Open House | Seniors | Spring | SRES | Staging | Stati | Statistics | Statistics, FVREB | Sullivan Station, Surrey Real Estate | Summer | Surrey | Survey | Swimming Pools | Tip | Tips | Travel | Uncategorized | Video | Videos | Walnut Grove, Langley Real Estate | White Rock, South Surrey White Rock Real Estate | Willoughby Heights, Langley Real Estate | Winter | YouTube

Subscribe to The Rosemary Report

* indicates required
Direct: 778-834-8021
Toll Free: 1-888-707-3577
Rosemary's Email: rosemary@homesinlangley.ca
RE/MAX Treeland Realty
#101 - 6337 198 Street
Langley BC V2Y 2E3
www.HomesinLangley.ca