Veronica Bowling Real Estate - Royal LePage

01/04/2025

03/27/2021

Two. Happy Birthday my son.

My warrior, my sweet, loving little trouble maker. You light up my life with your feisty, hilarious little soul. I love every moment of you. You are a proud, determined, fearless little man with your sister in tow to get you out of trouble. Most of the time you’re the one dragging her along for trouble making.

Celebrating last year was heartbreaking. We sang happy birthday to you in our garage with family waving from the driveway. We will make sure every one of your local grandparents gets to hug you this weekend.

Life happens once. This weekend we celebrate you my son. Thank you for bringing so much joy into all of our lives every day.

Happy Birthday Rhys (for all of you still wondering how it’s said, it’s like “Reese” - not Rice)

03/26/2021

We looked at nearly every rancher in Maple Ridge. Fought some good battles and came out on top! So happy to share more about this property when the ink is dry.

 
Want to chat? Here’s how to message me: 
 
DM me on Instagram 
Phone: 604-374-8834 
Email: [email protected]
www.veronicabowling.com 

veronicabrealestate

03/19/2021

It’s undoubtedly a crazy time to be buying and selling real estate. Things feel like they are on Fire…. the timelines, the offers, the subjects and, most definitely, the Realtors sweating out there for all of you 😊.

While real estate transactions continue to see happy sellers with historical sale prices, buyers are nervous and uneasy about when to jump on the wagon and how best to do it. Here’s how to set yourself up for success: 
 
Work with a Realtor that is familiar with the hustle of this kind of market: Every Realtor will tell you that they’ll go “over and above” for you – but will they? Working in a market where listings are sold before they even hit the market can be incredibly unnerving. There is no wiggle room for delay and not being prepared to strike when the time is right. You need a Realtor that can guide you through the buying process as stress free as possible, most importantly, is attentive to your buying needs on a daily basis.  
 
Get your ducks in a row: Are you preapproved? Are your finances in order? Do you have your down payment ready? You should be ready to make a rock solid offer with minimal subjects, the day you walk into the home you want to buy. I can contact you with a qualified mortgage broker to get you ready to pull the trigger when the time is right.  
 
This is an exciting and historical time in Real Estate. Check out my website to see how I stand apart from other Realtors. I’m available 24/7 through our transactions and always make sure to take care of your “extras.” My clients are like family to me. 
 
Want to chat? Here’s how to message me: 
 
DM me on Instagram 
Phone: 604-374-8834 
Email: [email protected]
www.veronicabowling.com 

veronicabrealestate

03/15/2021

How to use the equity in your home as a down payment to purchase an investment property and why NOW is a great time to invest. (Check out the calculation below).

Did you know you can borrow up to 80% of your home’s value to purchase a second property? With a hot seller’s market currently in full swing and home values skyrocketing, now’s a great time to maximize your borrowing potential. Here’s how it’s done:

🏡Clean up your debt servicing ratio. A debt servicing ratio is a person’s ability to repay their debt. It is compared by looking at income to debt-related obligations. So you’ll want to lower amounts owing on credit cards and loans.
🏡Get pre-qualified to learn how much you can afford. I’ll introduce you to the right lenders who understand investment mortgages.
🏡I help you find an investment property or vacation home.

Equity Takeout Scenario: Let’s say your home is worth $900,000.00 with $500,000 remaining on your mortgage. 80% of the value of your home is $720,000.00. From that amount you’d subtract your remaining mortgage amount of $500,000.00 and whatever your mortgage penalty is ($10K for our example). You’re now left with $210,000.00

If you’re looking to purchase a property to rent out, lenders can utilize 50% or the rental income to help with your debt servicing ratio. For most people the challenge is debt servicing ratio so this is where a consignor is a great person to partner with.

Save this post for future use!

Let me know below if this post was informative and helpful.

www.veronicabowling.com

03/15/2021

How to use the equity in your home to purchase an investment property and why NOW is a great time to invest. (Check out the calculation below).

Did you know you can borrow up to 80% of your home’s value to purchase a second property? With a hot seller’s market currently in full swing and home values skyrocketing, now’s a great time to maximize your lending potential. Here’s how it’s done:

🏡 Clean up your debt servicing ratio. A debt servicing ratio is a person’s ability to repay their debt. It is compared by looking at income to debt-related obligations. So you’ll want to lower amounts owing on credit cards and loans.
🏡 Contact me so I can walk you through the process and connect you to the right lenders that can make your dream happen. Some lenders are willing to do a more generous debt servicing ratio.
🏡 Determine the market value of your home through an appraisal.
🏡 Calculate how much of your home value you could use for a down payment (see below)
🏡 Requalify for the higher mortgage amount of your current outstanding mortgage plus the added amount you’d like to borrow.
🏡 Let me find you your second property.

Calculation: Let’s say your home is worth $900,000.00 with $500,000 remaining on your mortgage. 80% of the value of your home is $720,000.00. From that amount you’d subtract your remaining mortgage amount of $500,000.00 and whatever your mortgage penalty is ($10K for our example). You’re now left with $210,000.00

If you’re looking to purchase a property to rent out, lenders can utilize 50% or the rental income to help with your debt servicing ratio. For most people the challenge is debt servicing ratio so this is where a consignor is a great person to partner with.

Save this post for future use!

Let me know below if this post was informative and helpful.

www.veronicabowling.com

03/05/2021

Let's Talk: Real Estate Predictions 2021

Most of us can agree that the Real Estate market is a bit unsettled right now. Various Real Estate minds seem to contradict each other but one thing we can agree on is that 2021 is going to be an unprecedented year.

2020 created an interesting group of buyers and sellers. Owners began spending a lot of time in their homes and suddenly all the issues that had been lingering at the back of their minds were now at the forefront every day. Lack of space, home office and backyard were on the top of the list of complaints. As a result, condo sales took a definite backseat to detached homes and townhouses. With the uncertainty of the pandemic, sellers also began to postpone selling their home which reduced inventory and put upward pressure on price.

2021 has hit the road running with a smoking hot market. Buyers were ready to buy! Multiple offers, subject free transactions and cash deals are consistently making appearances at the negotiating table and we are still seeing condo prices take a hit from 2020. Let me tell you, buyer's agents are WORKING HARD at the moment.

It's unlikely that the promises of a vaccine will return everything to normal by 2022. Sellers are taking a cautious approach to selling their home. As a result of the uncertainty of the next year, we are likely to see a continued upward pressure on price and limits on inventory while the world works on returning civilization back to homeostasis.

So if you're looking to sell, now might be the best time for you to maximize profits.
Buyers, you're likely to pay a bit more at the moment, however prices may continue to go up through 2022. There are some savings however in the form of very low mortgage rates which makes jumping on the homeowners bandwagon attractive. Additionally, if you have the wiggle room to be patient, working with a great agent will still snag you a great deal.

What are your thoughts on the current market? Are you thinking of buying or selling in the next year?
Share below. 👇🏻

03/03/2021

My Star, how are you 5? You jumped into today before I was ready but you did so dancing, painting, laughing, loving with your big heart.

I remember standing in the doorway of your first bedroom, in the basement suite of your Babcia’s house. The sun was beaming on you and you were strumming your first concert on the doorstop of my closet. I think it was just a moment ago that you were holding on to my hair, hiding behind it. You were shy and fearful of people, cautious of who you gave your love to.

I turned around for just a moment only to turn back and there you were standing in front of me a little lady. Your blue eyes became so confident and your hair so long before I could take a moment to scoop you up and hold that baby one more time. Your heart has grown so big and your imagination is a wild jungle of magic and endless possibility.

You are so loving, so creative, thoughtful, sensitive and wild. The scratches on your knees are a map of your fearless adventures and it doesn’t matter what pretty outfit I put you in, you return a wild haired woman of sunshine and sand and mud and joy.

You’re almost getting too big for me to carry you now and you’re two shoe sizes away from sharing shoes with me but I am only growing more in love with you every day. I am so proud of you.

I’m so lucky to be your mama kiddo.
Happy Birthday Natalia.

www.veronicabowling.com

02/22/2021

Mortgage rates are on the move! Read this!

Lenders are starting to raise mortgage rates as soon as midnight tonight.  As you may know bond yields are what drives the fixed rate mortgages and there is upward pressure and movement on the bond yields meaning increasing mortgage rates are coming sooner rather than later.  Not all lenders are moving yet, but they tend to move together so it's important to get those deals in and pre-approved.

If you’d like to jump in the market before the rates creep back up, message me! I’ll get you in touch with an expert mortgage broker who
expedite the process for you.

www.veronicabowling.com