Blog by Matt Scheibel and Doug Scheibel

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Bare Land Strata vs Traditional Strata

February 20th, 2011
Bare Land Strata vs Traditional Strata
Long Lake Heights
We just recently listed a Nanaimo Home at 540 Summit Drive.  The home is in a bare land strata, pictured left, called Long Lake Heights.  While this home is a stand alone home, many potential buyers were concerned or confused why this home has a strata fee and some were even adverse to viewing the home because they "don't want to live in a strata" as ...

Estimate Your 2011 Property Taxes!

February 9th, 2011

City of Nanaimo Releases Property Tax Estimator!

By now you should have recieved your 2011 Nanaimo Property Tax assessment in the mail.  If you're like me, your first question was "how much did the property value change?" (keeping in mind this has very little reflection on the actual value of your home).  My second thought was also "how much will my property taxes be this year?"  This we must ...

Did Our Clients Really Save $117,000 in Foreclosure Court?

February 7th, 2011
Nanaimo Foreclosure Real Estate There were two interesting stories that arose on Thursday when I went to foreclosure court in Nanaimo with some clients.  They had the original offer on a home that had a court order to sell the property and they were seeking court approval of the sale.  The foreclosure process has some major differences from the traditional method of buying/selling real estate which I’ll go into another ...

What Can You Buy In Vancouver Under $600k

January 31st, 2011

15 Detached Single Family Homes in Vancouver Under $600,000:

Here's an eye opening article in the Vancouver Sun this morning.  It discovered that there are only 15 detached houses in the Vancouver city limits for sale under $600,000 and, of those, only 2 are under half a million dollars.  You might be surprised at the condition of these homes.  For comparrison I've attached a home for sale r ...

Our New Blog

January 23rd, 2011
We've moved out blog:

Check it out at:

www.nanaimorealestateblog.com

Matt.

Our New Blog

November 3rd, 2010
We've moved our blog to:

www.nanaimorealestateblog.com

We'd love for you to check it out!

US Homes in Foreclosure

October 13th, 2010
US Homes in Foreclosure

Published today in the Globe and Mail.  Some interesting stats from the US housing market regarding the number of homes in the US in foreclosure and the percentage of mortgages that are also in or at risk of foreclosure.

Food for thought,

Matt.

BC Housing Starts on the Rise

October 8th, 2010

Here's an article from the Vancouver Sun:

"
BC Housing Starts On The Rise

BC Housing Starts on the Rise

British Columbia's residential housing construction continued to rebound in September with another boost in new-home starts just as starts continued to slow on a nationwide basis, Canada Mortgage and Housing Corp. reported Friday.

Builders started work on 2,305 new homes in B.C. in September, bringing the province's ...

Nanaimo Home Sales Dip Compared to Sep 2009

October 6th, 2010

Nanaimo Home Sales Stats Sept 2010


Nanaimo Home Sales Dip Compared to September 2009

Single family residential (SFR) home sales in Nanaimo fell for the fourth straight month acoording to statistics put out by the Vancouver Island Real Estate Board (VIREB).  This is typical after the usually busy spring season.  However, when compared to September of 2009, sales are also down 34% year over year.  Active inventory is also up ...

Is This Nanaimo's Greenest Home?

October 5th, 2010
Is This Nanaimo's Greenest Home?

Is This Nanaimo's Greenest Home?  


This article was published in the Nanaimo Daily News.  I really think it shows what's possible today with energy-efficiency:

"High-efficiency Nanaimo house will have owner living the green dream

Darrell Bellaart, The Daily News

Published: Monday, October 04, 2010

Like most consumers, Mike Legge wants the best value he can get for his money. So ...

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