Rick Eden  604-854-4888  reden@uniserve.com

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Hi there, I am Rick Eden and I have been in the Real Estate business for over 30 years. As a top producing Abbotsford realtor, I combine my years of experience and a proven marketing program to make up the most effective "home selling" system in the area. My key word in this business is always SELLING your house, not just listing it.

Call my office with any questions at 604-854-4888 or feel free to send me an email at reden@uniserve.com

I look forward to doing business with you!

  Selling Your Home?
  What's My Home Worth?
  Looking At Buying?

Buying or selling a home is the largest investment most of us ever become involved in. Yet people sometimes take less time over it than they do when choosing a suit of clothes.

That's because it's unfamiliar territory to many of us. We don't know what questions to ask. We may take things for granted, rely on others when we shouldn't, and sometimes we later wish we had known more about the process involved.



Buying a home is a major event. 

The following steps will help you understand the whole process much better.



What Can You Afford ?

Before you start looking for a new home in the Abbotsford or Mission areas, it is important that you know how much you can afford to pay. The easiest way to determine how much money you will be able to borrow as a mortgage loan is to consult with one or two lending institutions.


It is generally accepted that a family should spend no more than one-third of it's total gross income on housing. This figure may vary from individual to individual and from bank to bank depending on other financial commitments, but for the vast majority this figure should not be exceeded. Here is a quick way to calculate how much you can afford.


Calculate Your Budget
Gross Monthly Income
Amount Available for Down payment
Current Interest Rates



If you have other monthly financial obligations, such as a car or credit card payments, the lending institution will also apply the Total Debt Service Ration test to determine the maximum mortgage loan for which you can qualify.


The total of your monthly housing payments added to your other monthly debt payments should not exceed 40% of your monthly gross income.


Types of Housing

Before you begin looking for your new home, it is important that you consider the needs of all the people it must shelter and what effect their daily activities will have on your desire for a certain size or location, both now and in the future.


Thinking about some of the following factors will help you determine where and what you should purchase.

  • Community: What facilities are available: shopping centers? recreational facilities? etc
  • Transportation: How far is it to work and friends? Are major roads easily accessible? Is there nearby public transportation? etc
  • Neighbourhood: Have property values risen in the past? Are there any known projects or developments on the horizon? Do you feel comfortable with the surrounding environment? etc
  • Dwelling: What combination of space do you required? How many bedrooms, bathrooms, etc? Do you prefer a large or small property? etc
  • Schools: What schooling is available? How close are the schools and how do you children get there? etc .


Selecting an Agent

As is the same in any profession, the ability of the real estate agent varies from individual to individual. Your agent will help you locate the house that is most suitable for you and negotiate with the Sellers over price and terms. An agent also writes the offer to purchase and therefore should have a basic knowledge of real estate law.


Selecting the right Realtor is probably the most important step in home buying. When purchasing an Abbotsford or Mission property, you need a realtor with exentive experience in that geographical area. A Realtor with knowledge and experience can save you time and money. When looking for an agent, you should find one who deals exclusively with homes in your area. This realtor should have a solid reputation in the community, and most importantly, this realtor should be known for his/her services.


Services a Buyer Can Expect from a Real Estate Agent

  • Help you to clarify the type of property you need and can afford.
  • Provide information about available property and sources of financing
  • Arrange appointments to view available properties
  • Provide accurate answer to any question you may have about a specific property you are considering
  • Explain the forms used in a real estate transaction and assist you in making a written offer
  • Present your written offer to the seller
  • Familiarizing you with the steps you must take to complete the purchase after the seller accepts your offer .
  • Selecting a Home

There are roughly 900 homes on the market in Abbotsford, and approximately 20 new homes enter the market daily. 90+% of these homes are on the Multiple Listing Service computer system.


Once you have determined the price range and gathered an idea of what you are looking for, you can actually start looking for a house. Your Real Estate Agent can now enter your criteria into the MLS computer system and immediately select the houses that meet your criteria.


Real Estate Agents cooperate with other local realtors. Any property that is listed for sale on the MLS system may be sold by any Realtors. Your Realtor will set up the appointments for you to view the selected houses.


Making an Offer

Once you have found the property you would like, a written offer to purchase must be prepared. Considering the substantial nature of this investment, you should work with a lawyer, notary public after an offer of purchase is accepted.


An offer is usually recorded on a standard form entitled:




What should the offer contain? When you prepare an offer it should contain a number of standard details, plus any conditions which are important to you.


Be fully aware that once you sign this document, and the seller also signs it, a legally binding contract has been formed.


Your offer should include:

  • Date of offer.
  • Date and time your offer expires.
  • Full legal names and addresses of both the buyer and the seller.
  • Full legal description of the property.
  • Amount of the deposit you are giving (which will be held in a trust account).
  • Sale price.
  • Amount of your cash down payment and details as to how you will finance the remainder of the purchase price.
  • Your desired closing and possession dates.
  • A list of the conditions which must be satisfied before the sale can occur. These are called "subject clauses" or "conditions precedent".
  • A list of items which are not attached to the building (chattels), but which you state are to be included in the sale price; for example, drapes, refrigerator, stove, etc.
  • Your signature.
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.