Parrotta Real Estate Group : Royal LePage Sterling Realty : : page 73

I have sold a property at 204 4768 BRENTWOOD DR in Burnaby

Posted on February 13, 2014 by Brad Parrotta

Posted in Brentwood Park, Burnaby North Real Estate

Property Photo: 204 4768 BRENTWOOD DR in Burnaby

Just Sold! - 204 4768 BRENTWOOD DR in Burnaby.

Owner-occupied, bright & spacious 1 bed + den unit is now available at The Harris within the Brentwood Gate community built by Ledingham McAllister. This south-facing unit is completely private & secure with a large covered patio. This well-kept suite features a security alarm, Whirlpool stainless steel appliances, front-load w/d, granite countertops in kitchen and bathroom, as well as a large walk-in closet and an electric fireplace. The den floor is completely tiled and works great as an office. Conveniently located steps away from Brentwood Mall, restaurants, Brentwood Skytrain Station & bus depot, as well as a short 10-minute commute to the SFU & BCIT campuses. Pets & Rentals are welcome.

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I have sold a property at 207 2966 SILVER SPRINGS BLVD in Coquitlam

Posted on February 13, 2014 by Brad Parrotta

Posted in Westwood Plateau, Coquitlam Real Estate

Property Photo: 207 2966 SILVER SPRINGS BLVD in Coquitlam

Just Sold! - 207 2966 SILVER SPRINGS BLVD in Coquitlam.

See details here

STUNNING 2 BEDROOM 2 BATHROOM UNIT IN THE PRESTIGIOUS WESTWOOD PLATEAU. Tamarisk by Polygon is an amazing complex featuring access to the CASCADE CLUB with a pool, hot tub, fitness centre, pool tables and much more! The unit itself isincredibly well finished, with engineered floors, slate tile, ceramic tile and a brilliantly open floorplan. WALKING DISTANCE TO ALL LEVELS OF SCHOOL, 5 minutes from Coquitlam Centre Mall, close to transit and major roads for quick commuting. Why rent when you can own? Affordable living in a gorgeous and upscale neighbourhood awaits you!

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I have sold a property at 313 2970 PRINCESS CREST in Coquitlam

Posted on February 13, 2014 by Brad Parrotta

Posted in Canyon Springs, Coquitlam Real Estate

Property Photo: 313 2970 PRINCESS CREST in Coquitlam

Just Sold! - 313 2970 PRINCESS CREST in Coquitlam.

See details here

Welcome to the Montclaire! This well kept two bedroom, two bathroon unit is located in the heart of Coquitlam next to Lafarge Lake. The comftorable & functional floor plan is sure to please with south facing exposure that allows plenty oflight. Beautiful, grand ensuite with double sinks & marble counters. Gas fireplace, gracious walk-in closet, in suite laundry & security system are just some of the many features! Within steps to Coquitlam Centre for all shopping needs, the aquatic centre across the street-you can't beat this location! Priced below assessed value!! Outstanding garden courtyard in a friendly complex-what are you waiting for? Come have a look!

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Tri-City Stats! - August, 2013

Posted on September 23, 2013 by Brad Parrotta

Tri-City Stats!

Coquitlam
Detached - 21.24% (Seller Market)
Attached - 17.95% (Balanced Market)

Port Coquitlam
Detached - 34.86% (Strong Seller Market)
Attached - 19.57% (Balanced Market)

Port Moody
Detached - 19.8% (Balanced Market)
Attached - 18.41% (Balanced Market)

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Tri-City Stats! May, 2013

Posted on June 8, 2013 by Brad Parrotta

Check out the stats for the Tri-City area for the month of May, 2013. If you'd like stats for a different area - just let me know! I can even break them down by community so you can see how your little pocket is performing within the city.

Coquitlam
Detached: 20.08% (Top End of Balanced Market)
Attached: 14.53% (Low End of Balanced Market)
Days on Market - Detached: 34 / Attached: 35

Port Coquitlam
Detached: 29.87% (Strong Seller's Market)
Attached: 13.11% (Buyer's Market)
Days on Market - Detached: 19 / Attached: 25

Port Moody
Detached: 17.16% (Balanced Market)
Attached: 17.52% (Balanced Market)
Days on Market - Detached: 32 / Attached: 28

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Cameron Muir...

Posted on May 18, 2013 by Brad Parrotta

Cameron Muir - Chief Economist, BC Real Estate Association. - "MLS residential sales are forecast to increase 4.5% in 2013, and rise 10.5% in 2014."

Interesting, no?

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April 2013 - TriCity Stats!

Posted on May 4, 2013 by Brad Parrotta

Coquitlam
Detached - 23.06% Sales Ratio (Seller's Market)
Attached - 19.02% Sales Ratio (Balanced Market)

Average Days on Market
Detached: 25, Attached: 41

Port Coquitlam
Detached - 21.15% Sales Ratio (Seller's Market)
Attached - 21.45% Sales Ratio (Seller's Market)

Average Days on Market
Detached: 27, Attached: 36

Port Moody
Detached - 19.57% Sales Ratio (Balanced Market)
Attached - 18.31% Sales Ratio (Balanced Market)

Average Days on Market
Detached: 42, Attached: 26

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August, 2012 - Update

Posted on August 9, 2012 by Brad Parrotta

We're definitely seeing prices start to decline. Although it's not a "bubble about to burst" the market will indeed do some correcting. Some local analysts predict about 10% over the next 2-3 years. Keep in mind this won't be a plunge so to speak, but a gradual balancing out. With this in mind it's the perfect time for you buyers out there with interest rates being so low to dive in.

There's a saying in the industry - don't wait to invest in Real Estate, invest in Real Estate and wait. The market will always be cyclical, but the sooner you get in, the sooner you start building equity. The key point here is to make sure you have a plan when investing, an exit strategy, etc. You want to avoid selling in a valley of course, so get that crystal ball out and try to give yourself options for when the time comes to sell - if the market is down - you should have a way to avoid selling until it bounces back. Ex. - extending the tenancy agreement, using funds from somewhere else, etc.

Hope this helps everyone, don't hesitate to contact me with any related questions or concerns!
Have a great summer,

Brad.

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Property Transfer Tax

Posted on December 16, 2011 by Brad Parrotta

I just wanted to share with you all a little tidbit of information about property transfer tax. (PTT) This tax is paid by the buyers upon completion of their purchase. This cost would fall under one of the "closing costs" associated with buying yourself a home. How it's calculated is this:

1% of the first $200,000 of the purchase price &
2% of the balance remaining of the purchase price.

Aside from your lawyer fees and the deposit, this is the largest cost you'll have to worry about when you decide to purchase a home. However, if you're a first time buyer - you're exempt from paying this tax up to an amount of $450,000. If you have any questions surrounding this topic, you know how to get a hold of me!
Happy Holidays!

Brad.

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Is Home Ownership Right For You??

Posted on June 19, 2011 by Brad Parrotta

Posted in Home Ownership

Home Ownership

So, you’ve finally decided to fulfill a lifelong dream and buy your own home… how exciting! You are ready to fulfill your dream of having a place to call your own.

Buying a home is one of the biggest emotional and financial decisions you'll ever make. Prepare by learning about the process of homebuying and the responsibilities of homeownership. The differences between renting and buying a home are vast, and there's a list of pros and cons for both options. And, remember — there is no one best decision for everyone. Before moving forward, though, here are some questions to consider.

Do you have the necessary financial management skills?
How financially stable are you?
Are you ready to take on the responsibility of all the costs involved in homeownership, including mortgage payments, repairs, and maintenance?
Are you able to devote the time required for home maintenance?

One thing we find with first time buyer's however, is that this decision can be overwhelming. Many young buyer's hear rumours and stories of faulty information and have been led to the thought that there's no possible way for them to purchase their own home. Everyone must make his or her own best decision. Buying a home is not for everyone. Take a moment to think through the advantages and disadvantages of both owning and renting.

If homeownership is for you, you must be both financially and emotionally ready. Buying a home isn't only about money. You should listen to your heart… and take an honest look at your lifestyle.

If you'd like help with this task, feel free to contact me as it can be mirky water you're swimming through when making this decision!

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