Nanaimo Real Estate Blog
It seems as though people are truly fascinated by real estate. I believe that TV channels such as HGTV and others have created an “image” or stereotype of a successful realtor, and showcase marketing techniques guaranteed to sell your palatial home – like renting a Rolls-Royce to park outside a home, to outlandishly themed parties that might include a tiger. In fact, Toronto’s “The Star” newspaper reported that several high-end homes (that are not foreclosures) were being auctioned off, rather than simply being advertised on MLS. Interestingly, it was not until the end of the article that it briefly mentioned that one property was soon to have its second auction as the original deal fell through and failed to complete. Recently, the Province newspaper reported that a company was planning on having an auction sale for Vancouver properties even though they have not had success in BC previously with this style of marketing real estate.
What happens when war or famine occurs and destroys the plants and land in a country? Without seeds to rebuild the food sources for countries devastated, life cannot exist. I wanted to share with you how a seed vault in the most northern town in the world has been vital to the agricultural survival of a country like Syria. 1300 kilometers beyond the Arctic Circle in Svalbard, Norway, exists the Global Seed Vault which contains the world's largest collection of crop seeds. The purpose of the Seed Vault is to "provide insurance against both incremental and catastrophic loss of crop diversity held in traditional seed banks in the world". It is also referred to as the "Doomsday Vault" by many.
Real estate is a result of a transformation of our society. The earliest records of real estate date back to the first monarchies whereby royal families shared their wealth to increase their power, by signing away titles and deeds to lands to their powerful friends, allowing the holder to collect rent (I know the original "slum lord" may also have some merit during this time as well) from the peasants living there. However, peasants were able to trade with other kingdoms and eventually, houses (but not the land since that would have been held by the person with the title or deed at the time) were bought and sold and rented among the commoners, rather than the royal class. This also created the concept of "land leased properties" that is still sometimes seen even today.
As Realtors with a combined 50 years of experience, Myles and I are constantly amazed at the stories clients share with us about past real estate experiences. We thought that we would share with you the 5 most common complaints that buyers and sellers have when it comes to dealing with “the dreaded house pimps”.
With the amazing snowfall recently that seemed never-ending, I realized that I had never looked so forward to a forecast of rain in a long time! It reminded me of those bitterly cold winters in Thunder Bay, and one of the reasons that I am so happy to live on the West Coast. This past week, our team was busy canceling and trying to rebook showings for our listings to avoid some nasty road conditions and incredible snowfall. The weather in Nanaimo was colder than the reception that Melissa McCarthy will receive if she ever meets Sean Spicer, the White House press secretary, in person after her skit on SNL last weekend!
Why is it that when you are unpacking after a move, the very essential items that you need on a daily basis (such as your box of belts) seem to get moved to impossible-to-reach location? I think that this situation is much like the sock monster that seems to lurk in every family’s dryer. You are positive that a full set of socks were washed and dried, only to begin folding laundry and find one sock without a mate. I truly believe that there is a Sock Monster who hides inside the dryer and grabs one sock when it least expects it and survives solely on the cotton diet known as the “white tube sock”, while a fancier sock, such as a dress sock is considered a delicacy.
Can you imagine being able to afford a home in Nanaimo that is move-in ready for LESS than $135,000? With the increasing popularity of tiny homes in North America, this charming bungalow might just be the perfect fit for a person wanting to de-clutter their life. The downside? The home is only 233 square feet and sits on a 2,409 square foot lot. If you are interested in viewing, please contact our McCullough Team at 250-751-1223. Since today marks the “huge” inauguration of President Donald Trump, I thought it might be interesting to look at a lifestyle that is not grandiose or filled with controversy. However, even Mr. Trump is an advocate of tiny homes as he was quoted as saying in an interview with Playboy Magazine in 1990 that he “could be happy living in a studio apartment” which is likely the equivalent size of this tiny home listing in Nanaimo!
How many times do you receive a prompt while viewing Facebook that your “friend” wants you to help them find online jewels for some online game or share a post to support a GoFundMe page so that someone's pet can get surgery? I have come to realize that helping my Facebook friends answer quirky questionnaires about the meaning of my name, or looking at photos of what someone had for dinner last night just isn’t my cup of tea. Social media is a double-edged sword. It can serve as a vast resource in real estate – for immediate access to new listings, concise and condensed information about real estate trends, and yet it can also create an online “persona” for real estate professionals.
Home owners received a shocking letter from BC Assessment earlier this week, as some home values in Nanaimo jumped $100,000 or more since last year! BC Assessment says that increased values don't necessarily mean that you will face a property tax increase as taxes are affected by the assessment changes compared to the average change in a community. Many home owners in Vancouver and other parts of the Mainland saw their assessments increase 20-50% compared to 2015 as property values are based on assessments up to July 2016, which was prior to the 15% foreign buyer tax being implemented there. Any sales that took place in your neighborhood after July 1, 2016 will be factored into the 2018 assessments. Lululemon founder, Chip Wilson, topped the list of highest assessed homes in BC this year - a position held by his mansion since 2014. His assessment increased by $12 MILLION to a staggering $78,821,000 in 2016!
A man named Robert L. May, who was dealing with a wife battling cancer and struggling to raise their young daughter, can be credited for giving us Rudolph. Back in the 1930's, the US-based Montgomery Ward department store hired outside agencies to create Christmas books to give away to children while parents shopped at their store. In 1939, May was a copywriter for Montgomery Ward and given the task of writing a Christmas book. This was on the heels of the Great Depression and while May's wife was losing her battle to cancer.