Coquitlam Open House
Last Sunday, I held an OPEN HOUSE on one of my Coquitlam properties. This was the 1st OPEN for this home. I only do OPENS when the photo shoot and floor plan have been completed, and uploaded to my website. My reasoning here is that this way prospective buyers can prescreen themselves as to whether or not the style and floor plan work for them. As well the OPEN is advertised for 2 weeks prior to the OPEN. After listening to all the bad media publicity on how to slow the real estate market is, I was surprised at the amount of interest in this home. I had a steady flow of people over to view the home, and in total 14 groups/families came through! So don't pay attention to the press. This is a fabulous time to buy. Prices have softened approximately 20% over last year, and mortgage rates have been cut in half. That means that on a $300,000 mortgage at last year's rates of 6% you would have paid 1919.42 per month. Now at 3% that same mortgage payment is $1419.74 per month. That's a SAVINGS of $500.00!! What's not to like about these figures and this market?!?! ...for these figures we went to www.canadianmortgagecalculator.net