Nanaimo Real Estate Blog
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.
Have you ever noticed how quick most of us are during the Christmas holidays to greet each other with a smile, donate time or money to organizations or even spend time with family and friends baking? Why does this holiday bring out the generous spirit in us? The word “generosity” dates back to its Latin translation “noble birth” and has transformed through the times into its present meaning of “liberality in giving”. Researchers have found that most people are generous during the holidays because it is the time of year that we connect with others socially – whether it is a Christmas party with co-workers, family returning home, or spending time with friends. When we feel connected to others, it increases our sense of empathy towards others – whether or not we know them.
As many of you know, I am a die-hard John Lennon fan and have enjoyed his music and his perspective on life. Yesterday marked 36 years to the day since he was killed, and yet somehow his legacy and relevance continues today. Did you know that the Beatles actually played 270 live gigs in the 18 months before actually hitting the charts? John Lennon once estimated that he practiced every day for at least 8 hours, 7 days a week.