Chilliwack Mobile for sale

I would like to take this opportunity to tell you about my new listing in Baker Trails, #152-46511 Chilliwack Lake Rd. First and foremost Baker Trails is the single most sought after mobile park in Chilliwack. The reason for this is simple. It is the only park where you own your own land. It's what we call a bare land strata. So, what's the difference you may ask? Well all the other parks you have no ownership to the land, you simply own the mobile. You also have to pay huge pad rental fees, upwards of $300-$400 per month. Baker Trails is the park where you own your lot and your mobile and the best part is it's only $85 per month for strata. This particular property that I'm selling is also one of the largest lots in Baker Trails. The average lot size is 3400sqft, which is a typical rectangle shape lot...this lot is over 5300sqft and is located on a quiet cul-de-sac within the park. Prime, prime location!
Now that you are up to date on what a bare land strata is and lot sizes lets talk about the mobile. This is a double wide mobile. As soon as you walk through the front door you feel as though you are in a home not a mobile. There has been very little updating to the decor of the home however it has been meticulously taken care of over the years. Through the front door you are greeted with a very large living room. Two large bay windows showers this room and the adjacent dining room with tons of natural light. Through the formal dining room is the kitchen with tons of cupboard space, counter space and dishwasher. There are two bedrooms and two bathrooms. The master ensuite has both soaker tub and separate shower and finally his and hers sinks. The whole unit also has central air conditioning. Finally back to the lot. As I said it is one of the largest lots in Baker Trails and has been taken care of by a person with a heart of a gardener. Beautiful fruit trees, shrubs and flowers adorn this property and make for a very low maintenance yard.
If you are in the market for a mobile than this home should be the top of your list. Give me a call for your own private tour, 604-795-1616 or visit my website for more pics and video, www.kylehislop.com

Kyle Hislop
RE/MAX

Chilliwack Real Estate Stats - August 2010

Here are the stats for August 2010. The real estate market in Chilliwack has had a very slow summer, which again, is pretty common for us. As we look at the numbers we always compare them to the previous year. However, 2009 was a very unusual summer for real estate in BC. Because it came off the heals of the 2008 recession the summer of 2009 was abnormally busy due to pent up demand. So back to the current numbers if we were to look at a graph of this year sales, August was actually a decent month. It seems as though sales bottomed out in July and are more than likely on the rise through November of this year.

I hope this information is helpful, feel free to give me a call at 604-795-1616 or send me an email kylehislop@gmail.com to discuss any real estate questions you may have. I'm never too busy for you.

Kyle Hislop
RE/MAX

HST and BC Real Estate

I have been getting so many questions about how the HST works here in BC. Even with all the press releases it still seems to be a complicated subject (which it is). What I want to do is show some real pricing examples below of the cost of HST on New Construction properties. If at the end you are still confused feel free to contact me via email with any questions you might have. kylehislop@gmail.com


* HST is only paid on the purchase of a NEW Property.
* HST is NOT paid on any re-sale property.
* Due to the government's rebate system, you will NEVER pay the full 12% and any NEW property.

The rebate system that the government is using is fairly complex so I thought I’d use 4 examples to help illustrate. The HST is a combination of the Federal Portion Tax (5%) and the Provincial Portion Tax (7%). In their system there are different rebates thresholds. Under 350K is one. Between 350K-450K is another. Between 450K-525K is another. Finally anything above 525K is another.
1. When purchasing a NEW property under 350K you get the maximum rebate from both the Federal portion of the HST and the Provincial portion.
ie: $340,000 Purchase Price
Federal Portion Tax (5%) = $17,000
Provincial Portion Tax (7%) = $23,800
Rebates:
Federal Portion Rebate = $6,120
Provincial Portion Rebate = $17,000.01
Purchase Price $340,000 + $40,800 (Full Tax) = $380,800 - $23,120.01 (Rebates) =
$357,679.99 (Total Purchase Price)
2. When purchasing a NEW property between $350K-450K the Federal Portion rebate declines to $0 at 450K but you still receive the maximum Provincial Portion rebate.
ie:$420,000 Purchase Price
Federal Portion Tax (5%) = $21,000
Provincial Portion Tax (7%) = $29,400
Rebates:
Federal Portion Rebate = $1,890
Provincial Portion Rebate = $21,000.01
Purchase Price $420,000 + $50,400 (Full Tax) = $470,400 - $22,890.01 (Rebates) =
$447,509.99 (Total Purchase Price)
3. When purchasing a NEW property between 450K-525K there is no longer any Federal Portion rebate and the Provincial portion rebate will maximize at $26,250 at 525K.
ie: $510,000 Purchase Price
Federal Portion Tax (5%) = $25,500
Provincial Portion Tax (7%) = $35,700
Federal Portion Rebate = $0
Provincial Portion Rebate = $25,500.01
Purchase Price $510,000 + $61,200 (Full Tax) = 571,200 - $25,500.01 (Rebates) =
$545,699.99 (Total Purchase Price)
4. Finally any new purchase above 525K the only rebate is $26,250.
ie: Purchase Price $600,000
Federal Portion Tax (5%) = $30,000
Provincial Portion Tax (7%) = $42,000
Federal Portion Rebate = $0
Provincial Portion Rebate = $26,250
Purchase Price $600,000 + $72,000 (Full Tax) = $672,000 - $26,250 (Rebate) =
$645,750 (Total Purchase Price)

I wish there was an easier way to explain how this all works but I hope these examples shed some light on the subject.

Kyle Hislop
RE/MAX

iPad and Real Estate

www.KyleHislop.com

Apple's iPad will be a perfect addition to any Real Estate agents daily routine. First, the ability to sign documents on the screen instead of having to print off endless contracts will make the profession even more mobile. Especially with apps like Zosh that make signing on the iPad or iPhone so easy. Right now I usually carry a briefcase full of contracts which has to be updated on a daily basis so not to be caught without the right paperwork at the right time. Second, I can download the listings I'm going to show to the iPad instead of, again, wasting paper by printing a copy for myself and my clients. Also it's an endless doodle pad if I have to sketch some design ideas on the go. I'm a little disappointed that it doesn't tether like my MacBook Pro but I guess that's solved by jailbreaking.
I could type forever on the many uses an iPad will have for the Real Estate profession. At the end of the day, it will save time, money and for that environmentalist in you...save trees!

Kyle Hislop
RE/MAX

Slow July for real estate - Chilliwack - by Kyle Hislop

Wow...what a slow July!!! We only had 144 sales in July...we haven't seen it this slow since 2000. No need to panic, should pick up in the fall. A lot of things could be contributing to the slow market. Warm summer, new mortgage rules, higher interest rates and HST. If you are looking to buy a home now is a great time. There is tons of listings on the books, sellers are motivated and there is little chance of getting into a multiple offer situation. Again, sellers: no need to panic however, need to price your home well, and make sure it shows great. There is lots of competition and many buyers make their decision on first impressions.
As always, if you have an real estate questions...don't hesitate to give me a call, 604-795-1616 or drop me an email, kylehislop@gmail.com

Kyle Hislop
RE/MAX

OK Tire - Chilliwack

I own a Honda CRV. If you live in Chilliwack you have probably seen it because my face and company info is all over it (my wife hates driving it). I think the best part about owning a Honda, and I'm sure other Honda owners will agree, is how little you have to put into them. I've owned mine since new, 2005, it has 135,000 km, and other than the typical maintenance I haven't had to spend a lot of money on it. Cudos to Honda for making such a great product. I always take my cars to OK Tire when I need something done. More than just a tire store they do an excellent job working on my car. The customer service is fantastic and they work very hard to get your car back to you when they say they will. I took my CRV in last week because I noticed my brakes were on the way out and so were my tires. They gave me a courtesy car, told me when it would be ready the next day...and delivered the goods. I appreciate a company that works hard for my business. I also appreciate honesty. These are 2 details that I've always received from OK Tire. If you need to find a great place to take your car for more than just tires, then I highly recommend OK Tire. Tell 'em Kyle sent ya...won't get you anything...just thought I'd say it :)

Kyle Hislop
RE/MAX

Mr. Lube - Chilliwack

Hey everyone, just a little heads up that we now have a Mr. Lube in Chilliwack. They are located on Yale road just past 1st and the Southgate mall. The reason I'm telling you this is because I had my car serviced there yesterday and was very impressed with the quality of people they have employed there. All the guys did a great job, were quick and helpful when explaining things. They weren't pushy, trying to over sell me stuff I didn't need but pointed out some issues I should consider. At the end of the day I felt they deserved a blog posting and my recommendation. Give them a shot, they've made a customer for life in me.

Your Chilliwack Realtor,

Kyle Hislop
RE/MAX