The Fraser Valley Real Estate Board, together with the Real Estate Board of Greater Vancouver and the Chilliwack and District Board, is introducing some very important requirements to the existing Realtor Rules of Cooperation in the form of the Disclosure of Multiple Offers Presented Forms (DMPO) for BC REALTORS in an effort to bring greater transparency for all parties involved in real estate transactions with multiple offers. In today’s video, Surrey real estate specialist, Steve Karrasch of Macdonald Realty provides a detailed breakdown of the new Disclosure of Multiple Offers Presented For ..read more

In today’s video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty covers the Top 5 things he wish he had known prior to buying his first property, specifically: 1. The Market - days on market, list to sale ratio 2. Costs - city utilities, homeowner grant, strata fees 3. Mortgage Penalties 4. Mortgage Brokers 5. How Realtors Get Paid If you are looking to purchase your first home in Surrey, BC or the surrounding area, give Steve a call, he would love to have a conversation to educate you on these very important things to know, as they pertain to your situation and home search ..read more

The BCFSA recently conducted a deep dive into 3,266 residential real estate sales conducted between the period of February 19, 2023 and March 18, 2023. This sample size represented approximately 62% of the estimated 5,286 residential sales conducted during that time period. The BCFSA shared their findings regarding how many transactions were in a multiple offer scenario, how many were unconditional, and what the average days on market and the average sale price versus list prices. In this video, Surrey real estate Specialist, Steve Karrasch of Macdonald Realty walks through the highlights of t ..read more

Average Price, Median Price and Home Price Index (HPI), all provide a different picture of what is happening in the real estate market. In July 2023, the average detached home price in Surrey shows a shocking drop of -$100,000, but is that an accurate picture? What do we make of all of this?! Have real estate prices really plummeted within only 30 days? In this month’s Surrey Report, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty walks through the July 2023 stats for the City of Surrey and offers his insight into what he is currently seeing in the market. As with every Surre ..read more

If you are interested in buying or selling a detached home in Surrey, or you live in a detached home in Surrey and you’re curious as to what the benchmark valuation of your property might be, you are going to want to watch this video! In part 2 of this video series, Surrey Real Estate specialist Steve Karrasch of Macdonald Realty breaks down the Surrey Real Estate market based on the June 2023 FVREB statistics with an emphasis on the detached market across North Surrey, Surrey, South Surrey/White Rock and Cloverdale. #SurreyRealtor #SurreyRealEstate #SurreyDetached - - - ? Book time with Steve ..read more

Happy New Year! And with the start of the new year, comes Steve's 2024 Canadian Real Estate Predictions. 00:00 Introduction 01:23 BOC Interest Rates 02:42 Inventory Build 03:49 Real Estate Prices 05:33 Rent Prices 06:48 Podcast Subscribers ? DOWNLOAD Our *FREE* Home Buyer's Guide: https://tinyurl.com/cn6u4sd9 ?️ Subscribe To The Tom Storey Show Podcast with Steve and Tom: YouTube: www.youtube.com/@TheTomStoreyShow - - - ? Book time with Steve: https://calendly.com/stevekarrasch *** Start Your Mortgage Application Today*** CITY WIDE Mortgage Services: https://mtgapp.scarlettnetwork.com/KR_Prope ..read more

As a seasoned real estate agent, it should be pretty easy to identify what style of home you are looking at from the street. But, you might be surprised at how many agents and buyers have no idea how to label these homes correctly on the MLS®.  In this video, local Surrey REALTOR®, Steve Karrasch of Macdonald Realty helps you identify the seven most common styles of detached home construction in his market of the Fraser Valley.  #homeconstruction #surreyrealestate #detachedhomes - - -  ? Book time with Steve: https://calendly.com/stevekarrasch ? DOWNLOAD Our *FREE* Home Buy ..read more

A perfect storm is brewing in Canadian Real Estate, with 20 year high mortgage rates and 2.2m mortgage borrowers set to renew their fixed rate mortgages in 2024 and 2025 all at the same time as a looming recession. In this month's Surrey Report, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty discusses all of the market variables brewing as we get ready to head into 2024. - - - Benchmark Prices: (Surrey Combined) (+/- yoy): ? Detached = $1,627,100 (+6.0%) ? Townhomes = $867,200 (+5.9%) ? Condos = $535,000 (+4.5%) #SurreyRealtor #SurreyRealEstate #TheSurreyReport - - - ? Book ..read more

Is it possible that as a Canadian you can go Bankrupt and still keep your home? Some homeowners are figuring out a way to do just that. In today's video, Surrey BC real estate specialist Steve Karrasch of Macdonald Realty discusses his experience with evaluations of properties where the homeowner is considering Bankruptcy or a Consumer Proposal and some of the possible situations those people are in and how they might try to take advantage of the system. - - - ? Book time with Steve: https://calendly.com/stevekarrasch ? DOWNLOAD Our *FREE* Home Buyer's Guide: https://tinyurl.com/cn6u4sd9 *** S ..read more

What is the Fraser Valley Real Estate Market looking like in June 2023? Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty’s trusty sidekick makes a guest appearance this month to conduct the monthly walk through of the most recent FVREB market stats to review months of inventory in some key neighbourhoods in an effort to gain a clearer picture in terms of whether the market in each region is now a sellers, balanced or buyers market.  #SurreyRealtor #SurreyRealEstate #FraserValleyRealEstate - - -  ? Book time with Steve: https://calendly.com/stevekarrasch ? DOWNLO ..read more