Real Estate Blog for Buyers & Sellers

Seas: 5 EP: 218 (March 25 show) Real Estate law changes and a big announcement about the new RE/MAX Magnolia in Mission, BC!

April 22, 2023 | Posted by: Michele Cummins

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Watch second segment here:



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Michele Cummins 
Cell: 778-885-4659
Email: mcummins@remax.net

Curtis Pope 0:22
It's Saturday morning. That means it's time for the Cummins real estate show with Michele Cummins and myself Curtis Pope. I got it right third week. Third time I got right. You're still lots of Shoba for all screw that up. But joining me of course is local rocks or realtor Michele Cummins and myself Curtis Pope. Good morning, Michele. Good

Michele Cummins - PREC 0:38
morning, Curtis. Good to see you.

Curtis Pope 0:40
It's good to be seen.

Michele Cummins - PREC 0:43
Do you know today's are episode 218 to 18 sent me anything? Well, my

Curtis Pope 0:49
birthday is February 18. So two and 18. There.

Michele Cummins - PREC 0:53
See, I knew there was something special about that number.

Curtis Pope 0:57
And two plus eight teams. 20. I don't know how that helps us at all. But hey, well, that's brilliant. There we go. I can do math.

Michele Cummins - PREC 1:03
So we were just talking before the show about birthdays and where we were always talking like Hawaii Five O for Richard's birthday and

Curtis Pope 1:12
even though he's only 39 Yeah,

Michele Cummins - PREC 1:14
exactly. And and he's finally getting his passport. That guy. There we go. Finally, and he's gonna have it just before his birthday.

Curtis Pope 1:24
Because I believe he was placed his passport. Yeah, he lost it. Do you know that? Like a day before it arrives? You're gonna be somewhere in your house and you're gonna go What's this?

Michele Cummins - PREC 1:33
I thought it would happen the day he went to go apply for it. That was yesterday the other day. But yeah, no, that didn't happen yet. But you could be right and that's Murphy's Law. It really is. Yes.

Curtis Pope 1:42
You know, Murphy's Law and don't forget about Cole's law. What is Cole's law? Well, it's a little bit of cabbage with some dressing.

Unknown Speaker 1:51
Oh, my gosh, I

Curtis Pope 1:54
can't believe you fell for that.

Unknown Speaker 1:55
Oh my gosh. So gullible a little

Curtis Pope 1:57
early to I get it, but and I apologize. I haven't had my coffee yet. That joke was as a dad joke if I ever heard one. I apologize.

Michele Cummins - PREC 2:06
Okay, next week. Well, we'll have to start doing the Curtis's dad jokes.

Curtis Pope 2:09
Nobody needs to hear that for them right now. So one week left in March. It's it. I know. It's scary.

Michele Cummins - PREC 2:16
Yeah. And then April Fool's Day is neck our next show. We should do some kind of a fool's joke. A full show.

Curtis Pope 2:27
Well, you've already got a full on the show every week. So I don't think we need to, you know, expand on that Dewey.

Michele Cummins - PREC 2:33
Well, yes, we do. We really really do. So Richard is all excited because he is it? Well, there's this band called The Fab forever. Have you heard it? Beatles impersonation? And they're amazing. And I think we might have been talking about it before but the John on the on the on it. Oh, he's so good. And the George and I just love them. Anyways, he's got his they got a gig coming up on Thursday. It's the first one he's in with them. Anyways, and it's a corporate gig though, so I can't go. I don't get any.

Curtis Pope 3:05
You can't go yo go and just show up anyway.

Michele Cummins - PREC 3:08
Yo, go Oh, no.

Curtis Pope 3:11
Wait a minute. No, because he's Paul's you have to be Linda. Yes. Yeah,

Michele Cummins - PREC 3:15
I can do that. Well, I have a blonde wig. There you go. I did play Lennon McCartney in his wings tribute band that we we were gonna do we do did a few shows. But you know, I only have so much time with Drew outside of real estate. Right? But it was fun. You blonde. Weird, does it? But yeah, so I'm thinking maybe if I can try to be as costume mistress. There we go. We're like I can do his wig and his makeup and his costume. And maybe I can get in that way.

Curtis Pope 3:43
It's got to be something your roadie. Come on. I can be a roadie do I've done that you can call any here's how to do it

Michele Cummins - PREC 3:49
proper completely. So yeah, my iPhone cable is always rolled up. All cables should be. But yeah. So multiple offers have been happening like crazy. Curtis. It's true. Like maybe, you know, a couple. It's not like it's 30 like it was or 15. But at least there's been a few multiple offers lately. It's it the markets really sprung up?

Curtis Pope 4:13
Well, this spring, and it is you know, it's kind of on track with what some of the experts were saying that, you know, in 2023, we're going to start to see things start to turn around for 2024. That'll get back to our normal craziness.

Michele Cummins - PREC 4:28
Yeah, and yeah, and there's low inventory right now. So the low inventory and the buyer starting to spring out forward, then you've got this happening, but also there's been a lot of, you know, collapse sales because of a lot of financing issues. So a little warning is that if you have had your house up on the market, maybe over the winter, and you know, wasn't moving, and now all of a sudden you're getting offers and you're like oh, this is great. Maybe you waited you know, you haven't talked to your mortgage provider in a while. and your pre approval if you were even pre approved for your next purchase expired, well, you may be quite surprised that you can't purchase anymore that you're out of the of the purchase game, which means that you're showing your property you're looking at offers, you're negotiating them, and then just to find out, you can't even buy. So that's very sad. You don't want to be in that position, opposite side with buyers, they've been going coming forward with offers and sometimes really good offers, but then the banks don't appraise them for the value that the buyers willing to pay, you can get a second appraisal, you can get a second opinion, you don't have to rely on the appraisal that the bank has got. I've got one deal right now happened in that way and the buyers want it, they're gonna buy it, and they're just gonna get a second appraisal because sometimes, you know, not all appraisers are made out of the same cloth either. So, it's like a doctor's you know, you know, get a few opinions, right. So, yeah, I wanted to warn on that and I was just watching I, you know, with my I've got YouTube subscriptions. There's this a realtor, he's a Vancouver realtor on big land. He's, he's written a book. He's does a lot of good videos, really about the Vancouver market and he was doing this one, this is the latest one it's called good bad and tough sales. And he talks about pre sales and how it used to be a good investment five to 10 years ago which is totally true. I invest in pre sales as my retirement plan. And but you know, they're not as well priced today since the market has gone up so much even with it. Coming down in the past year. There's still not as great of a buy sometimes as a one year old home or a two year old home you got to pay the 5% GST and there's some other things to consider. So but but buying purchasing a property that is ready like is in construction and close to being finished could be a good deal. I know one of the best developments right now happening that I feel in Abbotsford is downtown Abbotsford off Montrose. It's called the rail district and it's really got a cool vibe and of course you could walk downtown but it's got lots of neat retail so if you know like Garrison crossing and in Chilliwack it's it's somewhat a little bit of that field where you've got retail you've got beautiful homes and I have clients who have bought this gorgeous corner unit is really beautiful but the rail district check it out downtown Abbotsford off Montrose and yes, you can get some amazing throw ins right now like washer and dryers I believe they're still giving away my clients got that and AC unit and in floor heating in the bathroom and such. So have a look that so I've got one week left Curtis for my 5k run.

Curtis Pope 7:51
And how's the training going?

Michele Cummins - PREC 7:52
It's going good. It's going alright. Yeah, let's you know, yeah, it's gone.

Curtis Pope 7:57
I just didn't you know, I started walking trying to walk five candy this week and did a couple of days. But um, he was having to weather it wasn't exactly perfect. How long did it take you to do the walk? Actually, no, because I just I walked out of the track down from my house so I I walked down the track. I do you know, however many laps it takes me to get there. But I don't know. It took me a little over an hour, I guess an hour. Not bad. Yeah, I walk into pretty good. Good. pretty good clip.

Michele Cummins - PREC 8:22
Yeah. Do you walk like an elephant? Like I do?

Curtis Pope 8:25
Well, I have short legs. But I walk at a fast speed. So it's kind of

Michele Cummins - PREC 8:29
Yeah, I think you're fast. You're like, like, like, a dove on your feet like Well,

Curtis Pope 8:34
no. No more like a Clydesdale

Michele Cummins - PREC 8:40
Oh, maybe I think that's better than that elephant.

Curtis Pope 8:42
Yeah, no, I you know, I just you know, I'd but I do walk at a pretty good pace. So, you know, I know. It's just something you know, softball seasons coming up. I gotta get in shape for that and get the leg keep the legs moving. Because I do run surprisingly fast for a short old guy. With a little extra weight on I can move pretty good. So hey, we

Michele Cummins - PREC 9:01
should put a team together and you should join the 5k and we don't have to call it a race.

Curtis Pope 9:06
It would not be a race if I was doing well. Yeah. Well, we'll we'll call it something else. I'm a baseball player. I run short, Sprint's I do that fast. Yeah,

Michele Cummins - PREC 9:15
well, we could just sprint and then fast walk. fast walk. That's what I plan on doing. There we go. So next Saturday, I've got I'm going to do and I haven't done this a long time. I'm going to do a huge with a whole bunch of colleagues of mine. Open House extravaganza. Oh, it's gonna be up on Mount Woodside in the beautiful view community of Harrison Highlands. And there's seven properties on this extravaganza and it's next Saturday from 12 to two o'clock. I will remind everyone next Saturday morning. But if you want to plan on it, it's we're going to have refreshments at each one of the properties and if you want a map and all the locations and information just contact me and I will email it to you.

Curtis Pope 9:58
That's been oh you did one of those in Was it Chilliwack last year or so? Whatever you did whether

Michele Cummins - PREC 10:02
it was in the OH is close to the same area, it was like the district Akin. Right? Yeah. Harrison Hot Springs was

Curtis Pope 10:10
was like yeah, it was Agassi cow. You can't and right. Gotcha. Yeah.

Michele Cummins - PREC 10:14
And so yeah, so I'm excited about that. It's always fun working together with colleagues and doing this because it's the power in numbers. So there's seven of us. And we can all advertise all of them together, and it's just going to be great. So it's just great the power numbers, so it's gonna be fun. And yeah, I can't believe just how everything has been. So yesterday. A realtor out of home life here in Abbotsford. Well, and he owns Chilliwack. Kevin Brown, he had a a realtor open and it was a great turnout. And those are finally becoming great turnouts. Again, I just love it when people are like, excited about life and excited about doing what they're doing, and sharing and doing all that. So yeah, that was fantastic. But I'm excited too. We have some surprise news, surprise announcements. Next segment. Come back after the commercial everyone know that? Hey, listen, hold

Curtis Pope 11:15
the biz as a tease. Yes. Well done. All right. We'll take a quick break here. If people want more information about your listings and things like that, where can they go Michelle commons.ca.

We're back with more right after this.

And we are back with segment number two of the common Real Estate Group show now we promised a surprise you've already turned surprise. I mean that you moved the new listings the first half and then we didn't do the listings in the first half. So I have no idea where things are going here in the second segment. So

Michele Cummins - PREC 12:32
let the cheese continue. And we will get to the announcement after a couple other

Curtis Pope 12:38
you must feel horrible Christmas. Oh yeah. You're gonna love this

Michele Cummins - PREC 12:44
one. Oh, yeah. But just don't touch the presence. Don't even look at him. No. Okay. You could look at him. Don't shake it. No, yeah. Okay, so part of that extravaganza of an open house we're having next Saturday of the seven properties is a brand new listing of mine. I'm telling you the views up there are so outstanding. They're amazing. They're gorgeous. And yeah, so So you definitely and they're all newer homes beautiful. So come out. See my brand new listing will actually hit the MLS on Wednesday. And yeah, and then actually I've to they're going to have open for it was so exciting. Anyways, so and onto a coming soon listing. Let's just do it since we're talking about a new listing. So coming soon as well. I have a very modernized basement entry home coming up off Rexford in Promontory area of Chilliwack. So if you love the promontory area, and you love the community there, there's the park there, the schools are close, they're great community, then you can look out for that also, that's coming next week, price will be announced then. So keep an eye out. Oh, and by the way, okay, so we were talking a bit before the first segment a bit about investments and is pre construction good still, you know, new construction used, by the way, pre sales. I mean, also, one of the things today that investors don't have any more from it is that fact that you used to be protected as an investor for your rentals, you could always rent you were grandfathered, whether they changed the rules in the bylaws or not. But now the government as of January 1, there's no more rules with these restrictions on rentals so really doesn't matter anymore. So that part is out as well. So just make that note. So but also one of the investments in real estate that I love to make personally in my portfolio is vacation rentals and I know we've talked about my vacation rentals before and but I wanted to mention I thought I would give everyone here who watches our show Who Wants to vacation in one of my Airbnb is a 10% discount if you mentioned the show. Why not? So I have one up in it's called cityscape, actually dreamy cityscape in Vancouver, just one block from Rogers Arena and three blocks from four I was Creek. It's a two bedroom two bathroom. It's kind of glitzy glammy i has a balcony it's has a really cool long pool, a sauna and a hot tub. So that one if you're looking on Airbnb just put up Pano

Curtis Pope 15:15
cityscape and I have stayed at that property and it is perfect it is right there in the heart of everything. If people wanted to go and plan around go into a concert or something. It's it's right you can see right you can throw a rock and hit Rogers Arena.

Michele Cummins - PREC 15:30
The only thing is I'm staying there for tonight Twain so that night is taken. And the other one another one is Sasquatch. So that's one of my newest ones up at Sasquatch resort Hemlock cabin, it sleeps nine to 10. It's called the All Seasons cabin. So that's what you search for in Airbnb or Google. And so that's good all year round. I'm telling your ATV mountain bikes so much to do in the summer so much to do obviously ski and snowboard in the winter, inner tube with so many things so that one and then I've got my my bed and breakfast my Lodge and Agassi right off the sham slew. And that's really fun in the summertime. The water's up and you can canoe or kayak or go fishing sturgeon your cell phone. Yes. In fact, I saw something the other day but it was my cell phone

Curtis Pope 16:23
for three, four years. Oh, yeah, that thing's gone. Or it's in the bottom of a slew you tend to have some mud so

Michele Cummins - PREC 16:30
Oh, yeah. Oh, it was mud went right up to my I couldn't even go lower. Otherwise my whole head would be in the mud. But yeah, so that one is really awesome. It's got the firepit you can have a trailer there. I mean, it's like camping, but it's a lot. Just it's awesome. Anyways, and then my one of my other ones is my Oregon beach house. It's halfway down the Oregon coast. It's right on seven miles, actually the longest stretch of sandy beach in Oregon, that you can walk and it's sleeps up to 10 as well. It's got it's just gorgeous. It's got a lighthouse tower. It's really neat. And I have a hot tub there. And I put it in the lookout deck and it's got its own access to the beach. And the views are like, wow, it's gorgeous. And

Curtis Pope 17:13
again, I know you see you would think well who wants to go down to Oregon in the winter. But if you timed it right you were down or do a little bit storm watching with that tower you have exactly. It'd be pretty cool.

Michele Cummins - PREC 17:22
It is so cool. I see whales out there all the time. You see the boats out there at night. And every time I'm there, the beach is different. Like there's different stuff on the beach. There is it's crazy amazing. Like every time I'm there,

Curtis Pope 17:36
Oregon coast is a beautiful spot one of my favorite places in the world, really not that I've seen much of the world but it's still one of my favorite places. It's just so so laid back on the Oregon coast to

Michele Cummins - PREC 17:47
totally Oh, totally. Yeah. You want somebody to come into service provider. Unless you're Tom my main man sky. You're waiting forever. So I will not give Tom's number out. Oh, so okay, that one's called you got to know so you can Google it and look it up. I got a Facebook went on for that one. It's called the belly of the whale. There we go. beachfront rental. And that on there. So my huge announcement. That

Curtis Pope 18:14
wasn't a huge amount. 10% off. No. Oh, just a teaser to the big announcement. Yes, yes. It's like, you're like Oprah. Today. You get a car. You get a car, you get a car.

Michele Cummins - PREC 18:24
Loan Credit Card. Which I'm not Oprah

Curtis Pope 18:28
No. But what's the next announcement?

Speaker 3 18:30
I'm so excited about this. I can tell. I have I bought

Michele Cummins - PREC 18:36
the REMAX franchise and mission.

Unknown Speaker 18:39
Oh, wow. Yes. Oh, and it's

Michele Cummins - PREC 18:41
called REMAX magnolia. Oh,

Curtis Pope 18:44
very nice. Is Does that surprise you? Not at all, but you're gonna be getting a call probably real soon going. Hey. Yeah,

Unknown Speaker 18:51
that's right. No.

Michele Cummins - PREC 18:54
Exactly. Joanna Gaines and chip. I mean, I'm gonna have their magazine journals out. Their manifesto is amazing. They're obviously like, the look, the design I'm working on right now with my designer, Sandy blue. And yeah, it's just so amazing. It's so fun I'm gonna meet it's like farmhouse to gas town. So yeah, I like the gas town the lofty feel the Breck you know, that kind of whole feel mixed with farmhouse, their farmhouse style. So that's going to be the design and I'm going to like do do some updating on my social media to keep every one updated because it's gonna be a few months before it's actually before we have an opening. Now there's something great that downtown Mission Society is doing called sip and play or sipping stride and it's June 1, and I want to be part of that so you know, give away some paraphernalia. Water bottles. It's an artist tour. So I'm thinking of having Richard or hiring I don't know yet. But having music as an artist and and it'll be a lot of fun. So that's June 1. I don't think I'll be officially called totally open by then. But who knows? Or July 1 But I am going to be inviting everyone to the grand opening when we do have a grand opening because it's going to be fab

Curtis Pope 20:10
very cool. It sounds like it's gonna be amazing and that's that's really cool. And do I get a corner office or there's only one corner office Oh see you're taking I would think so. Yeah Celtic a storage closet so I need

Michele Cummins - PREC 20:25
you'll be up close and personal so when people walk in Curtis your office right there.

Curtis Pope 20:30
I don't know why I need an office for being a co host on the on the realty show. But I still want an office. Yeah,

Michele Cummins - PREC 20:35
yeah, everyone deserves you deserve an offense at REMAX magnolia.

Curtis Pope 20:39
Yeah, I just you know, what do you what do you do here? Nothing. I just host the weekend show with her and I get an office.

Michele Cummins - PREC 20:44
So excited. Oh, and I don't want you to have to work on like the Grand Opening day but it would be fantastic to have you know, you guys there. I'm sure we could figure something we'll figure figure something out. Yeah. Yeah, it's really exciting. And you know, the end so this is my first this is my actual official announcement. I have not announced it anywhere else. Yeah, like this is my official

Curtis Pope 21:06
announcement or be the official announcement. It's your show. Now is that me? We're gonna have to change it to the commons real estate magnolia. You know, ReMax show. Like

Michele Cummins - PREC 21:17
we might just change it. I don't know. Yeah, it's REMAX magnolia. Oh, no, or something. I don't know full each and every Saturday, maybe we can have people put in what they think it should be called. That's

Curtis Pope 21:27
neat. Sure. No, because they're gonna mess with me and go for the longest name possible.

Speaker 3 21:31
Let's ask chat GP chat. CBT Yeah,

Curtis Pope 21:35
well let the I figured out because it's beyond my mental capacity at this time of morning anyway. Yeah, no, totally.

Michele Cummins - PREC 21:41
I think that'd be fun. And I said I was going to use chat GPT on my next remarks, my next listing, so I am going to do that. And good to see what it comes out. Of course I have my sellers always proof my remarks before I go live on the MLS. I just that you as the home owner, know your home better than anyone else. And so I'm going to put my flair into it, but then I'm going to make sure that you you like it too. So of course I

Curtis Pope 22:09
totally handled that with you. Yes. I was out of that when I had no idea.

Michele Cummins - PREC 22:13
Yeah, no, totally. She did. It was really good. And but yeah, you gotta know it's not me doing so I'm gonna have my version. I'm gonna have the chat GPT version, and then I'm gonna have my sellers version like them decide at the end? Yeah, okay, we're going to do that. So that will be on the Harrison Highlands listing? I'm doing off the strong, or the Rexford or both actually interesting. Yeah. Okay, so quote of the week, because you know, our show has to does.

Curtis Pope 22:43
So, never really ends. Just you know, until until next week. Yeah.

Michele Cummins - PREC 22:47
Thank you. Until next week, we get to do this. The quote of the week is my realization is your real estate elation. And I made that one up.

Curtis Pope 23:08
Well, how can it not be yours? Really? I mean, you didn't invent a new word or anything really sort of kind of dead, but it works. I like it. Thank you. I like it. All right. Well, if people want more information about the homes you have for, for for well, for sale right now or different things you have going on? Where can they go?

Michele Cummins - PREC 23:29
Michelle cummins.ca. And with that, you get to do yours next week.

Curtis Pope 23:34
Oh, I have to do cool. Yeah,

Michele Cummins - PREC 23:37
that's your challenge. Didn't you challenge last week?

Curtis Pope 23:39
Well, that seems fair. And join us again next week and we will talk real estate in order to unlock your real estate potential on the show real estate is maximized. Thanks for listening

Transcribed by https://otter.ai
mc mar 25_otter_ai

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