Wednesday, May 13th @ 9am - 5pm Tillicum Rd, Victoria, BC V9A 2B7 Judy and I are setting up a booth at the 55+ Lifestyle Show and will be at the Pearks Area on Wednesday May 13th from 9:00-5:00. Send anyone who says they are "House Poor" or have been thinking of retiring, downsizing, or have too much yard maintenance, or wants to sell part of their home. We did it. Imagine getting some cash out of your home, buying that Motorhome, doing some traveling, and camping. Or what about that cabin on the lake you've been dreaming of. Whatever you want to do with some extra cash works. We will show you how to do it.😃

Before buying a home with someone else, it’s important to understand how you’ll actually hold title. The way ownership is structured can affect control, inheritance, estate planning, and what happens if one owner wants out. Take this quick quiz: 1. A couple is buying their first home together. Which ownership structure is most commonly chosen by married couples? A. Joint tenancy B.Tenants-in-common C. Life lease 2. A co-owner can usually sell or transfer their share more independently under which ownership structure? A. Tenants-in-common B. Joint tenancy C. Spousal ownership 3. You can hold unequal shares in the same property if you choose: A. Joint tenancy B. Tenants-in-common C. Condominium ownership 4. Which ownership structure can unintentionally override what is written in your will? A. Joint tenancy B. Tenants-in-common C. Sole ownership 5. Why is it important to understand how you’ll take title before completing a home purchase? A. It only affects property taxes B. It impacts inheritance, control, and future legal outcomes C. It determines mortgage interest rates Think about your answers before checking the answers below. Want to learn more about Shared Home Ownership, Co-Ownership, and how to safely structure a purchase with another person or couple? Join the conversation inside our Shared Home Ownership Victoria community. Answer key: 1. A — Joint tenancy 2. A — Tenants-in-common 3. B — Tenants-in-common 4. A — Joint tenancy 5. B — It impacts inheritance, control, and future legal outcomes Answer Key & Simple Explanation 1. Joint tenancy is commonly used by spouses because of the right of survivorship. 2. Tenants-in-common allows each owner to hold a defined share, which can usually be sold, transferred, or left through their estate. 3. Tenants-in-common can hold unequal shares, such as 50/50, 60/40, or another agreed structure. 4. Joint tenancy can override your will because the deceased owner’s interest may pass directly to the surviving joint tenant. 5. The way you take title matters because it can affect inheritance, control, estate planning, future sale options, and legal outcomes.

Here's our Thursday night video based on the home located at 3905 Grange Rd. (see the Listing and floor plans below) Kam Brar from Auxilium Mortgage, breaks down the financing for 2 partners where the upper suite would sell for $575,000 and the lower suite would sell for $500,000. We are looking for someone who can qualify for at least $500,000 so if you or someone you know is interested, let me know right away. Feel free to share this video as well. P.S. When you get time check out the new articles and videos under the Buyers and Sellers Classrooms. Thanks for being part of our Skool Community and for being willing to be a student. David 250-812-7277

Here's a link to the call tomorrow night at 7:00 or you can always go the the Skool calendar and click from there to join. https://www.skool.com/live/WmS8vHZ28b5 And here's a link to the listing... https://portal.onehome.com/en-CA/share/1157523u75854 David Hale PREC Team 3000 Realty 250-812-7277

Join the call on Thursday April 30th at 7:00 PM to learn more about a great home that can be shared. We already have 1 interested party, so if you are ready (or close to being ready) to partner up and can appreciate being in the "Strawberry Vale Area" of Saanich West, and close to Spectrum School and Panama Flats, Tillicum etc, we have a deal for you. I've attached home details and floor plans below. The home is 2 bedrooms and 1023 sq ft up and 2 bedrooms and 996 sq ft down. The financial split might be roughly around $500,000 for the downstairs and $575,000 for the upstairs. If you think you can qualify for between $500,000 and $575,000 give me a call right away. Here's a link to the listing on one home https://portal.onehome.com/en-CA/share/1157523u75854 Here's a link to Thursday evenings broadcast or Zoom event at 7:00 PM. https://www.skool.com/live/WmS8vHZ28b5 We will go through the features and benefits of spliting this home, what the payments look like, and what a potential Joint Venture on this home would look like. Bring as many questions as you like. And to leave you with one thought I heard last week. "If you are a sourse of hope for people, you are doing God's work". P.S If this time doesn't work for you let me know what time does, and we can go over this material and answer any other questions you may have. David Video recording for Thursdays event. https://www.skool.com/shared-home-ownership-4063/a-quick-video-regarding-the-thursday-april-30th-700-pm-call?p=d9b75cee