Margie Chapman,
unlicensed partner

Steve Chapman,

White Rock Real Estate

Serving Clients Since 1990

South Surrey / White Rock

Main Photo: 13342 23 Avenue in Surrey: Elgin Chantrell House for sale in "Bridlewood North" (South Surrey White Rock)  : MLS(r) # R2112973 If having a home where your children can walk to Elgin Park Secondary School, this house on 23 Avenue might be what you've been waiting for.
Elgin Park High has a fine arts program with drama, music, dance, and visual arts. Elgin also has a Science Co-op program, a Humanities Co-op program and a business skills program. It was ranked by the Fraser Institute at 44/293 compared to Semiahmoo High School at 72/293.
With 4 bedrooms and 3 bathrooms, this 3,831 sq. ft. South Surrey home could be just what you are looking for. Ask to view this $2,850,000 South Surrey home that's close to Elgin High and also find out how I can negotiate the best purchase price for you. Please click here for all the details on this property.

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According to Merriam-Webster, a "tipping point" is the critical point in a situation, process, or system beyond which a significant and often unstoppable effect or change takes place.

From our White Rock real estate experience, a tipping point happens when the majority of buyers and sellers acquire the same brand new conviction, either that prices are skyrocketing, plummeting, or staying constant. Events slowly accumulate and contribute to this new belief such as White Rock house sales volumes declining since May, media articles predicting a significant correction, and the feared consequences of the new 15% foreign buyer purchase tax. Buyers and sellers are now reconsidering their thoughts about this market. A tipping point? 

Sales charts always show that prices if not rising, are falling. Just as sellers hold off selling before the peak in hope of even higher prices, buyers delay buying after the peak expecting that prices will continue to slide. That's why prices often fall for 6 plus months after a significant correction.

My sales strategy is very different in a declining market, but that's for a future blog.

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Although the August stats show that house prices have not fallen in White Rock and South Surrey, the number of sales are significantly down and the number of new listings is rising. 

For many home owners in their senior years, their home is their single largest asset. As we age, many of us depend on the sale of our homes to financially prepare for retirement. Knowing that we will need to sell our homes soon, we look at the rising house prices and assume that the prices will continue to rise. We believe that we will gain even more by delaying our decision to sell. But for how long? Based on recent statìstics, that could be a huge mistake. If you choose  to delay your decision to sell and prices decline, a health or financial crisis could force you to sell at a much lower price. The historical data shows that when house prices decline, it can take 8 years or more for them to recover. Younger homeowners have time on their side; they can afford to wait for prices to recover. Possibly needing to downsize? Phone me today and we can review this changing market and your future needs together.

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Need to Sell?

When selling your home, you need a REALTOR you can trust to assist you through every step of the process, to achieve your goal of a stress-free sale, within a reasonable time frame and for top market value. Learn how I can help you get more and better offers on your home.

Free Selling Price Estimate

When thinking of selling, you will want to know the probable selling price of your home and meeting with me will give you an opportunity to decide if you would like to hire me as your REALTOR. I'll research and then meet with you to  review recently-sold properties that are comparable to yours. 

Search Listings by Cell Phone

On your  Iphone,  Android phone or tablet, you can view new listings anytime and anywhere you are. Out for a walk, or driving your prefered neighbourhood, use your phone's GPS to get all the details on the new property that you just spotted with the new real estate sign in the front yard.

Mortgage Analysis

How much are you paying in interest over the life of your mortgage? This calculator charts interest, equity and debt. If financing will be needed, it's best to consult with a mortgage broker prior to looking for a new home. Phone me if you would like a referral to a mortgage broker.

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB. 

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