250-262-7496dan@remaxaction.ca

Dan Petersen

Committed to going the extra mile and ensuring that all of your needs are successfully met in a professional and honest manner. For Service and Commitment, let me help guide you with your next purchase or sale.

 

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I have sold a property at 9207 99 AVE in Fort St. John

I have sold a property at 9207 99 AVE in Fort St. John on Jun 17, 2024. See details here

Unlock the potential of this diamond in the rough! This home presents a rare opportunity for investors or those seeking a renovation project. Located in a desirable neighborhood, this 4 bed, 2 bath home awaits your creative touch. With its good location, envision the possibilities and make this house your dream home. Seize this chance to invest in your future. Don't miss out on this opportunity!

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New property listed in Fort St. John - City NE, Fort St. John

I have listed a new property at 9007 114 AVE in Fort St. John. See details here

This well landscaped move-in ready 5-bedrooms, 3-bathroom home provides ample light and access to the neighbourhood park right from the backyard. With a gas fireplace, hard wood flooring and bay windows in the front room, this home has an irresistible charm that leads you with a sense of easy flow from room to room! The L-shaped kitchen with its abundance of cupboards provide excellent storage that keeps clutter at bay. From the cheery sun room, off the kitchen, French patio doors lead you onto a well-maintained deck and a manicured fenced in backyard. The primary bedroom has a large walk-in closet, a double sink ensuite. The day-light basement has a sizeable family room, 2 bedrooms, a bathroom, a large storage room and a laundry room.

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I have sold a property at 9220 75 ST in Fort St. John

I have sold a property at 9220 75 ST in Fort St. John on Jun 26, 2024. See details here

Cozy Comfort on a Paved Street! This charming renovated mobile home offers the great blend of comfort and convenience. Recently renovated, it boasts a modern kitchen, bathroom, and complete with sleek fixtures and contemporary finishes. With metal roof providing durability and peace of mind, this 4-bedroom, 1-bathroom home is for families seeking a cozy, move-in ready home. Don't miss out on this opportunity to own your slice of tranquility!

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Have You Ever Dreamed Of A Vacation Home?

Canadians spent $6B on US vacation homes from 2022 to 2023. 🏡 Now might be your time to buy one too—perfect for relaxing, working remotely, or family gatherings. Real estate is a great investment and lifestyle choice!

Questions? Reach out if you're ready to find your dream vacation home!

Dan Petersen⁠
Re/Max Action Realty LTD.⁠
(250) 262-7496⁠
dan@remaxaction.ca

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Dreaming of Your Own Piece of Paradise?

Have you ever been on vacation somewhere and thought, “This is my idea of paradise. I wish I never had to leave.” But then you reluctantly pack up and go back home, leaving that dream behind.  What if there was a way you could make that dream a reality and own a vacation home or second home in that spot?

It may be easier than you think! Here are some suggestions on how to start that thought process. And of course, I am always here to help you as well, to find your next dream home, whether it’s nearby or in a far-off location.   

Dan Petersen⁠
Re/Max Action Realty LTD.⁠
(250) 262-7496⁠
dan@remaxaction.ca

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New property listed in Fort St. John - City SW, Fort St. John

I have listed a new property at 106 10420 96TH AVE in Fort St. John. See details here

Welcome to your beautifully renovated 3-bedroom, 1-bathroom mobile home, nestled in a serene and convenient location. This completely renovated residence has undergone a complete transformation, boasting a brand-new kitchen, upgraded bathroom, elegant new flooring throughout! Enhanced with pot lights in ceilings and new windows that flood the 850 sq. ft. of space with natural light, creating a warm and inviting ambiance. There is R14+ in the walls, R24 in the ceiling and the skirting is insulated. Don't forget the metal roof and l 6 x 10 shed as well. This home is close to amenities, schools, parks, and transportation for added convenience.

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I have sold a property at 10603 113 AVE in Fort St. John

I have sold a property at 10603 113 AVE in Fort St. John on Jun 4, 2024. See details here

"Welcome Home to Elegance! Discover comfort in this 5-bedroom, 3-bathroom home. The master bedroom as an ensuite for ultimate privacy. The kitchen features a sleek island, ideal for hosting gatherings. Enjoy the tranquility of the fenced backyard on this prime corner lot. Additional perks include a BI vacuum, a fully finished basement, and a detached double garage. Live the lifestyle you deserve!"

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Bank of Canada Reduces Policy Rate by 25 Basis Points! 📉

📌 For Homeowners: The Bank of Canada has reduced the target for the overnight rate to 4¾%. This means lower interest rates, making it an ideal time to consider refinancing your mortgage. Lower rates can significantly reduce your monthly payments and overall interest costs.

📌 For Aspiring Homeowners: Now is the perfect time to get pre-approved for a mortgage! With the rate reduction, you'll find more affordable borrowing options, making your dream home within reach. Let's get you connected with a mortgage broker to start the pre-approval process.

📌 For Investors: The easing of monetary policy can stimulate economic growth, making real estate investments more attractive. Lower borrowing costs enhance your ability to finance new investment properties and improve your portfolio's profitability.

Whether you're looking to refinance, get pre-approved, or expand your real estate investments, I'm here to help! Let me refer you to a trusted mortgage broker for your pre-approval or refinancing needs. Once you're pre-approved, I'd love to assist you in achieving your real estate goals.

🏡 Ready to Make a Move? Let's Talk! 📞 Contact Me Today! 

Dan Petersen⁠
Re/Max Action Realty LTD.⁠
(250) 262-7496
dan@remaxaction.ca

Real Full Report

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New property listed in Fort St. John - City NE, Fort St. John

I have listed a new property at 9308 112 AVE in Fort St. John. See details here

This very nice well maintained 6 bedroom, 3 bedroom home located near the hospital and school is ready for you. With a renovated kitchen with lots of cupboards and counter space! The large living room and basement family room gives lots of space for family. Don't forget the garage and carport

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I have sold a property at 9107 89 ST in Fort St. John

I have sold a property at 9107 89 ST in Fort St. John on May 30, 2024. See details here

A charming 3-bedroom 1/2 duplex, just a short distance away from the high school. Entertain with ease in the family room by the wood-burning fireplace or step outside onto the patio deck, overlooking the fenced backyard, offering space for the children. With 1-1/2 bathrooms and a location that's second to none, this home provides the perfect backdrop for creating lasting memories with loved ones. Don't wait, schedule your tour today and enjoy the blend of comfort and convenience you've been dreaming of!"

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Downsizing for Retirement: Simplify Your Life and Maximize Your Golden Years

Downsizing for retirement is all about cutting back and simplifying your life. Think less house to clean, fewer bills to pay, and more cash in your pocket from selling your bigger place. Downsizing offers significant financial benefits and lifestyle advantages so that you can focus on what will make you happy in your golden years.

Reduced Living Expenses

Transitioning from a larger family home to a smaller residence is a strategic financial decision that can free up cash flow and reduce the monthly financial pressures that come with maintaining a larger property. Transitioning to a smaller home can lead to substantial savings on utility bills, as reduced square footage decreases the cost of heating, cooling, and electricity. It can also result in lower property taxes and homeowners’ insurance rates, directly impacting annual expenses. The smaller the home, the less maintenance and repair it requires, saving money and reducing the physical and time demands on retirees.

Mortgage and Debt Freedom

Selling a larger home to move into a smaller one can often result in the outright purchase of the new property, especially if the previous home has accumulated substantial equity over the years. This move can eradicate monthly mortgage payments, freeing up significant amounts of income that were previously tied up. Downsizing also offers a strategic advantage in managing and reducing other forms of debt. The additional capital gained from selling a larger property can be wisely used to pay off existing debts, such as credit cards, car loans, or lines of credit. This debt reduction strategy decreases monthly outgoings and minimizes interest payments, contributing further to financial freedom.

Unlocked Equity

For many retirees, their home is their largest asset, and the equity built up over the years represents a substantial portion of their retirement savings. Downsizing allows homeowners to convert this dormant equity into liquid assets. The equity unlocked from downsizing can dramatically reduce financial stress by providing a cushion that supports a comfortable lifestyle. For retirees facing the prospect of a fixed income, this additional capital can ease worries about the adequacy of their retirement savings, covering living expenses, healthcare costs, or unexpected financial needs. This financial breathing room allows retirees to enjoy their golden years without the looming anxiety of financial constraints.

Strategic Investment Opportunities

The equity unlocked from selling a larger home presents a chance to diversify and strengthen one’s financial portfolio for the retirement years ahead. The lump sum from downsizing can be strategically allocated into stocks, bonds, mutual funds, and other investment vehicles, depending on one’s risk tolerance and time horizon. For those reluctant to give up their stake in real estate, Real Estate Investment Trusts (REITs) offer an attractive alternative. Investing in REITs allows retirees to remain involved in property markets without the direct responsibilities of ownership. Investing in Tax-Free Savings Accounts (TFSAs) or using the funds to max out Registered Retirement Savings Plan (RRSP) contributions can significantly reduce tax liabilities. Consulting with a financial advisor can help retirees navigate these decisions, ensuring that the transition not only secures their financial future but also enriches their retirement years.

Location Flexibility

Many retirees prioritize being close to healthcare facilities, shopping centers, and recreational amenities. Downsizing often makes it financially feasible to move to areas that offer convenient access to these essential services. Urban or suburban communities specifically designed for retirees can provide everything from medical services to leisure and cultural activities within easy reach. The decision to downsize also opens up possibilities to relocate to areas with a more affordable cost of living. Moving from high-cost urban areas to smaller towns or cities can significantly stretch retirement savings.

Simplified Living

Moving to a smaller home or a more manageable living space means there’s less to take care of on a day-to-day basis. The demands of cleaning, repairs, and general upkeep are minimized, freeing up physical energy and time that can be redirected toward more rewarding activities. For retirees, this reduction in maintenance tasks is a gateway to a stress-free lifestyle that prioritizes well-being and enjoyment over chores and responsibilities. A simplified living space also means a home more suited to their mobility needs. Downsizing often involves selecting homes with practical layouts, fewer stairs, and accessible features that can accommodate changing physical needs over time. This foresight ensures comfort and prolongs independence, making daily life more enjoyable and less encumbered by physical constraints.

More Time for the Things That Matter

With the burdens of a large home lifted, retirees find themselves with a wealth of time to explore new hobbies or rekindle old ones. Whether it’s gardening in a more manageable space, joining community clubs, taking up photography, or exploring the great outdoors, downsizing creates the space and opportunity for retirees to engage in activities that enhance their physical, mental, and emotional well-being. It also means more opportunities for social engagement and building meaningful relationships. Downsizing often brings retirees closer to community centers, clubs, and groups that share similar interests, facilitating social interactions and friendships and countering the isolation that some retirees face.

Downsizing helps create a retirement that is as rewarding and fulfilling as the years that led to it.   With fewer household burdens and financial worries, retirees can be more spontaneous, taking trips, exploring new interests, and enjoying the moments that make retirement truly rewarding. Contact me to start your downsizing journey.

Dan Petersen⁠
Re/Max Action Realty LTD.⁠
(250) 262-7496
dan@remaxaction.ca

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I have sold a property at 55 9203 82 ST in Fort St. John

I have sold a property at 55 9203 82 ST in Fort St. John on May 24, 2024. See details here

This three bedroom two bath mobile bas needs a bit of a clean-up and its ready to move it. Less than 15 years old it has a vaulted ceilings, full ensuite, lots of natural light, nice easy-care flooring all on a large pie shaped lot in the cul-de-sac of the popular Courtyard.

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Build Generational Wealth with Real Estate! 

Owning a home is a hallmark of the Canadian Dream as well as one of the best ways to build wealth.

Many younger generations, however, feel this is a dream out of reach. But what if there was a way you could help those in your family get on the ladder to homeownership?

By tapping into your equity and offering them a gift, loan, lease or trust to buy their own home can help them start creating their own generational wealth and a brighter future.

Dan Petersen⁠
Re/Max Action Realty LTD.⁠
(250) 262-7496
dan@remaxaction.ca

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Financing Options: What Every Move-Up Home Buyer Should Know

Whenever the Canadian real estate market topic comes up in conversation, it typically surrounds how first-time homebuyers are struggling to get their feet in the door. Whether the challenges of putting together a down payment or qualifying for a mortgage, aspiring homeowners have many hurdles to overcome.

But while these labours of Hercules are undoubtedly real, move-up buyers also have an uphill battle to overcome as they are contending with comparable issues, from higher borrowing costs to more expensive residential properties in their communities or a faraway distance.

Wait a minute. What is a move-up buyer anyway? This person currently owns a home and intends to sell this property to acquire a new one that is typically larger. The reasons for this decision will vary, but some common factors of moving up include needing more space for a growing family, upgrading to a better neighbourhood, taking advantage of favourable market conditions, and searching for a differently designed home.

At a time of tightening lending standards and above-trend mortgage costs, move-up buyers will need to determine how to finance this transition, which could happen at a snail’s pace or the speed of light. Let’s dig a bit deeper to consider your financing or borrowing options.

What Every Move-Up Home Buyer Should Know About Financing Options

Here are four financing options that every move-up homebuyer should know:

Using Your Home Equity Wisely

Did you buy your home before the coronavirus pandemic? Did you acquire one in the early days of COVID when rock-bottom interest rates fueled a buying frenzy? Whatever the case may be, you might have accumulated a tremendous amount of tax-free equity over the years. It might be enough to fund your next home purchase or the down payment on your next single-family house in Victoria, townhome in Halifax, or two-bedroom plus den condo in downtown Toronto.

Of course, the question becomes: Should you touch your home equity? The reality of the situation is that you can employ the gains from the sale of your home, but you should do so wisely or conservatively. Rather than use up 100 percent of your home equity, perhaps you can dedicate a certain percentage of the proceeds to your move-up acquisition.

Like buying a home will be the most significant financial decision of your lifetime, so is the decision to sell your home, since you might access hundreds of thousands of dollars in equity.

Line of Credit or Bridge Loan

Because you own your home, tapping into credit is a little easier. It will vary on a case-by-case basis, but generally, homeowners will be given favourable terms for a larger amount of capital.

As a result, you could be tempted to fund your move-up purchase with a line of credit. Or, if you need time between selling your current property and buying your next one, you may consider using a bridge loan. While it is imperative to speak with a mortgage broker about your financing options, making the necessary calculations, from interest rates to extra charges, is vital.

Both credit instruments can be useful and affordable mechanisms at your disposal. A line of credit can be an easier way to fund your purchase if it is only a small mortgage or purchase. A bridge loan can be a helpful tool in this transition period of listing your property and buying a new one without enduring immense financial pressure.

Are Second Mortgages Reasonable Options?

Typically, homeowners will use second mortgages to help consolidate debt when they have lost a job, suffer from a health ailment, or endure credit challenges. Private lenders usually offer them, and they come with higher interest rates (in this climate, it can be in the double digits!).

That said, conventional mortgage lenders might be willing to offer second mortgages with customizable terms and conditions. Many families use these financial products to help their kids buy a house or pay for their children’s post-secondary tuition.

At the same time, financial institutions will often push through a home equity line of credit (HELOC), as borrowers can receive up to 65 percent of the value of their home.

Ultimately, it is about weighing your financing options and determining what is best for you, your family, and your wallet. Communicating with both your real estate agent and the bank is crucial.

Cash-Out Refinance

A cash-out refinancing option consists of obtaining a new mortgage for your home, whether from a current lender or a new source. You will then pay the first loan in its entirety by using the second one, which will help you lock in a new interest rate and loan term.

This might seem enticing, but there are a few things you need to know:

  • Users will pay fees and penalties to ensure the long-term savings exceed the upfront costs.
  • Borrowers must meet requirements (length of homeownership, credit score, home equity, etc.).
  • Clients must have a lower debt-to-income ratio.
  • The minimum equity requirement is usually as much as 20 percent in equity.


Other Money-Related Tidbits of Information

In addition to your financing options, it is essential to think about other factors related to your move-up homebuying experience:

Refrain from going overboard and over budget on your next purchase.
Sit down and calculate your finances, from what you earn to your liabilities to your retirement savings.
Determine whether to buy or sell first (there is no right or wrong answer to this quandary).
Take your time and do your research on what is available in the real estate market.
Work with the right people to make the best decision possible.

Takin’ Your Time

The last few years have been a chaotic time in Canada’s housing market. The roller coaster ride of mortgage rates, the buying frenzy, the dramatic rise in home valuations, the modest correction, and everything else that occurred in the Canadian economy. As we learned, being impatient can often burn buyers and sellers. Therefore, you do not need to put the pedal to the metal. Instead, be patient and precise so you can be confident you made the right choices throughout the move-up homebuying process.

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New property listed in Fort St. John - City NW, Fort St. John

I have listed a new property at 10603 113 AVE in Fort St. John. See details here

"Welcome Home to Elegance! Discover comfort in this 5-bedroom, 3-bathroom home. The master bedroom as an ensuite for ultimate privacy. The kitchen features a sleek island, ideal for hosting gatherings. Enjoy the tranquility of the fenced backyard on this prime corner lot. Additional perks include a BI vacuum, a fully finished basement, and a detached double garage. Live the lifestyle you deserve!"

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The Price of Waiting

Good news for Canadian homeowners! Rates are dipping and inventory is on the rise, making it the perfect time to make your move. With a 10.5% increase in home listings since last year and more to come, finding your dream home just got easier. Seize the opportunity today!

Dan Petersen⁠
Re/Max Action Realty LTD.⁠
(250) 262-7496⁠
dan@remaxaction.ca

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Ready to make your dream home a reality in Fort St. John, BC?

Connect with me for a mortgage referral and let's get you pre-approved!

Here's why it's crucial:

Gain a competitive edge: Pre-approval shows sellers you're serious and ready to make an offer, giving you an advantage in this competitive market.

Know your budget: Understanding your loan options helps you set a realistic budget, ensuring you find a home that fits your financial goals.

Let's make your homebuying journey smooth and stress-free!

Dan Petersen⁠
Re/Max Action Realty LTD.⁠
(250) 262-7496⁠
dan@remaxaction.ca

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