Marko Juras - REALTOR®

Outside the Mondrian pre-sale showroom!

Marko555 — Wed, 22 Feb 2012 18:30:19 +0000

Standing outside the Mondrian showroom. The Mondrian is a 10 story concrete building under construction at the 1090 Johnson (corner of Johnson and Cook). Much like the Mondrian, most new downtown developments have showrooms where you can find a sample kitchen and bathroom.

Bayview Promontory – 65 Saghalie – Great pre-sale condo development!

Marko555 — Sun, 19 Feb 2012 16:10:40 +0000

The Bayview Promontory is located at 65 Saghalie in Songhees. Contact me for more information on this development! Units starting from $199,900 with parking including.

The Sovereign – 608 Broughton – Downtown Condo Project – Victoria, BC

Marko555 — Mon, 13 Feb 2012 04:12:05 +0000

The Sovereign by Chard Development is probably my favorite building under construction in Victoria, BC! Has some very cool features such as a car elevator down to the parkade and a spectacular rooftop common area! If you have more questions about this building feel free to give me a call.

How come pre-sales developments typically don’t have price sheets posted on their websites?

Marko555 — Thu, 09 Feb 2012 20:37:41 +0000

Pre-sale developments in Victoria, BC…how come price sheets are not posted on their websites and why are so few units, if any, listed on MLS®?

Most developers don’t like the pre-sale price history to be public knowledge whether prices are going up or down. If prices are going up then buyers will feel like they should have bought two months ago when prices were lower. If prices are going down then buyers might not have enough confidence to buy into the development.

Bayview Promontory – 65 Saghalie
The834 – 834 Johnson Street
Mondrian – 1090 Jonhson Street
Era Condos on Yates
Jukebox Condos on View

$489,000 – 3581 Pechanga Close, Cobble Hill

Marko555 — Mon, 06 Feb 2012 20:39:49 +0000

Don’t miss out on this beautiful arts and crafts style home on a sun filled 0.23 acre lot at the end of a quiet cul-de-sac in Maple Hills, offering convenient highway access for a quicker commute. The home invites lifestyle amidst friendly neighbours and a desirable area of Cobble Hill. This 3 bedrooms plus den home offers craftsman details, a front porch, a spacious 2 storey foyer, a large bay window and raised ceiling in the living room, a formal dining room, a spacious kitchen with a central work island, a bay window in the nook and an inviting gas fireplace. Many upgrades include gas furnace and heat pump, high-end KitchenAid appliances including a gas stove. Delightful home pulls at the heartstring and awaits your new beginning.

Property Details

Listing Price: $489,000
Status: Current
Layout: Two Level Home
Bedrooms: 3 + Den
Bathrooms: 3
Kitchens: 1
Fireplaces: 1
Fuel: Gas, Electricity
Heat: Fireplace, Furnace, Heat Pump
Appliances Included: Fridge, Stove, Dishwasher, Freezer

MLS#: 304037
Fin. SqFt: 2,062
Lot Size SqFt: 10,018
Built: 2007
Bsmt. Hght: 4' Crawl Space
Prk. Spaces: 2
Prk. Type: Garage
Monthly Assmt: $9/month ($110 year)
2012 Ass. Val: $3,253
2011 Gr. Tax: $474,000

Fair REALTOR® Lesson #2: Listing Commission

Marko555 — Thu, 02 Feb 2012 22:59:48 +0000

Is the amount the buyer’s REALTOR® is offered (aka cooperating brokerage commission) – is it important?

My belief is that it is important. The offered cooperating brokerage commission is the incentive for all REALTORS® to bring their buyers to your home. You will note in Part I, that about 37% of buyers are introduced to a property via their REALTOR®.

Right now there is also a large push for REALTORS® representing buyers to obtain “Buyers Agency Agreements,” which specify compensation (for example, 3.0%100k + 1.5%balance). If the cooperating brokerage commission being offered is less than what the REALTOR® and the buyer have agreed upon it is up to the buyer to make up the difference.

Example

The buyer is looking at two $600,000 homes: In the first scenario the buyer does not have to pay their REALTOR® (high cooperating brokerage commission offered by seller) and in the second scenario they need to pay their REALTOR® $7,500 (cooperating brokerage commission does not meet amount set out in “Buyers Agency Agreement”) – the second scenario may be less desirable to the buyer especially if they have limited funds available for a down payment.

A low cooperating brokerage commission can at times have unintended consequences.

Fair REALTOR® Lesson #1: How does a buyer locate a property?

Marko555 — Sat, 28 Jan 2012 23:00:42 +0000

“…REALTOR®’s automated listing search service.” This is a system through which the buyer receives automated emails from his or hers buyer’s REALTOR® when a listing matches his or her criteria. The buyer can see additional information not available on REALTOR.ca such as room measurements, assessment, etc; however, the buyer cannot see the name of the listing REALTOR® or the offered cooperating brokerage commission.
“A REALTOR® (you or another) located the property and informed the buyer.” In the system REALTORS® use they can see both the listing REALTOR®/Brokerage and the offered cooperating brokerage commission. (i.e. 3.0%100k + 1.5% balance or $10,000, etc.).

$789,900 – 7951 Larkvale, Saanich

Marko555 — Tue, 24 Jan 2012 18:36:10 +0000

Enjoy this million dollar view everyday! Pride of ownership evident as you enter this beautiful Saanichton residence with its stunning views from the living room, kitchen, dining, family rooms and bedrooms. A fireplace draws you into an inviting living room which adjoins the gourmet kitchen and dining areas. This superb home boasts hardwood and heated tile floors, 4 bdrms, 3 bthrms, granite kitchen, stainless appliances, 2 family rooms, and even a separate studio/office. Well landscaped yard with underground sprinklers and great privacy with two decks to take in the bright exposure. Walking distance to all the amenities of Saanichton and on a very quiet road. This delightful home pulls at the heartstring and awaits your new beginning.

Please Visit www.photoplan.ca/344 for Virtual Tour!

Property Details

Listing Price: $789,900
Status: Current
Layout: Three Level Split
Bedrooms: 3
Bathrooms: 3
Kitchens: 1
Fireplaces: 2
Fuel: Electricity, Propane
Heat: Forced Air, Baseboard, Fireplace
Appliances Included: Negotiable

MLS#: 303378
Fin. SqFt: 2,755
Lot Size SqFt: 8407
Built: 1974
Bsmt. Hght: 8'
Prk. Spaces: 3
Prk. Type: Garage + Driveway
Monthly Assmt:
2012 Ass. Val: $533,000
2011 Gr. Tax: $3,450

Pre-sale Condos in Victoria, BC. 1090 Johnson Street – Mondrian

Marko555 — Tue, 17 Jan 2012 03:57:52 +0000

If you would like more information on the Mondrian or other pre-sale condos in Victoria please feel free to contact me! Prices at the Mondrian start at $169,900 with units ranging in size from 401 sq.ft. to approximately 800 sq.ft. Great location whether you plan on living in your unit or renting it out.

2011 Victoria, B.C., Real Estate Market Year in Review!

Marko555 — Fri, 06 Jan 2012 19:48:25 +0000

It was a slow year…what more can I say?

2007 = 8,931 unit sales: 12.23%
2008 = 6,519 unit sales: (27.01%)
2009 = 8,096 unit sales: 24.19%
2010 = 6,546 unit sales: (19.15%)
2011 = 6,040 unit sales: (7.73%)

Total Volume $

2007 – $4,146,651,569
2008 – $3,111,882,746
2009 – $3,775,730,705
2010 – $3,239,493,835
2011 – $2,981,977,290