Imagine this scenario...


You're shopping for a new home. You drive to visit a recent listing. As you walk through the front doors, you're impressed. Every room looks fantastic. You see yourself relaxing on the spacious patio, cooking in the modern kitchen, and enjoying evenings with the family in the cozy living room.


Your emotions are on overdrive.


This is your dream home! Should you make an offer? Probably. In fact, you should make that decision quickly in case there are other interested buyers.


However, your decision shouldn't be guided purely by emotion. You want to make sure you take practical matters into consideration too.


For example, you'll want to consider:


  • Is the property within your price range?
  • Does it have everything you need?
  •  Do you like the neighbourhood?
  • How old is the property? Are there items, such as the furnace, that may need to be replaced soon?
  •  Will it need any major repairs or upgrades? · What are the average monthly costs of carrying the home? (Property taxes, utilities, etc.)


Once you've considered the purchase of the home from a practical standpoint, you'll have a lot more confidence in your decision when you make an offer.


Need help? Call us, we are here to help.


Aaron & Michelle

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Please visit our Open House at 64 2270 196 ST in Langley.
Open House on Saturday, November 24, 2018 1:00PM - 3:00PM Open House Saturday, Nov 24 1-3pm
Ready for your renovation ideas - this very spacious 1300 sq/ft double wide has a great floor plan with 2 Bedrooms and 2 full bathrooms, and a flex room that can easily become a 3rd bedroom. Features include entertainment size living and dining room, spacious kitchen with adjoining eating area and a big laundry room that goes out to a back deck. Large Master offers full ensuite with tub, separate standing shower & walk in closet. Large 2nd BR. Exterior features include front covered deck perfect for year round enjoyment, and an attached storage shed. Pineridge community is for those 55+, indoor cat and 1 small dog. Pad Rental is 562.00/month. OPEN HOUSE this Saturday, Nov 24 from 1-3pm
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In Today's Market Setting Your List Price Requires Calculation and Savvy

 

When you're having a garage sale, one of the toughest tasks is pricing your items. If you put a price tag on your old golf clubs that’s too high, no one will buy them. If you make the price too low, they might sell quickly, but you’ll spend the rest of the day wondering if you could have gotten more!

 

It's similar to selling your home — except with your home, the stakes are much higher. You want to price your property to sell, but you don’t want to leave any money on the table.

 

How do you accomplish that?

 

Setting the right list price for your home requires a combination of skilled calculation and industry savvy.

 

Let's start with the "calculation" part...

 

When you work with me, I'll review recently sold properties that are similar to yours in type, size, features and location. Then, using that data, we’ll calculate a range that represents your property's "current market value."

 

For example, consider a spacious 15-year-old bungalow in a nice neighbourhood. If similar homes in the area have sold for $475,000-$550,000 in the last six months, then it's obvious that your home should sell in that range too. A list price above or below that range would be in the danger zone.

 

But skilled calculation is only half the task.

 

Setting your list price also requires expertise in the local market, combined with good old-fashioned gut instinct. That instinct comes from being on the front lines of many property transactions.

 

That's why working with a good real estate salesperson is so important, when you’re deciding on the list price for your home.

 

Want to discuss selling your home? Call us, we are here to help.

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Please visit our Open House at 64 2270 196 ST in Langley.
Open House on Saturday, November 17, 2018 1:00PM - 3:00PM OPEN HOUSE this Saturday, Nov 17 from 1-3PM
Ready for your renovation ideas - this very spacious 1300 sq/ft double wide has a great floor plan with 2 Bedrooms and 2 full bathrooms, and a flex room that can easily become a 3rd bedroom. Features include entertainment size living and dining room, spacious kitchen with adjoining eating area and a big laundry room that goes out to a back deck. Large Master offers full ensuite with tub, separate standing shower & walk in closet. Large 2nd BR. Exterior features include front covered deck perfect for year round enjoyment, and an attached storage shed. Pineridge community is for those 55+, indoor cat and 1 small dog. Pad Rental is 562.00/month. OPEN HOUSE this Saturday, Nov 17 from 1-3pm
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Balancing the Emotional and Practical Sides of Buying a Home


Imagine this scenario...


You're shopping for a new home. You drive to visit a recent listing. As you walk through the front doors, you're impressed. Every room looks fantastic. You see yourself relaxing on the spacious patio, cooking in the modern kitchen, and enjoying evenings with the family in the cozy living room. 


Your emotions are on overdrive.


This is your dream home! Should you make an offer? Probably. In fact, you should make that decision quickly in case there are other interested buyers. However, your decision shouldn't be guided purely by emotion. You want to make sure you take practical matters into consideration too.

For example, you'll want to consider:

  • Is the property within your price range?
  • Does it have everything you need?
  • Do you like the neighbourhood?
  • How old is the property?
  • Are there items, such as the furnace, that may need to be replaced soon?
  • Will it need any major repairs or upgrades?
  • What are the average monthly costs of carrying the home? (Property taxes, utilities, etc.)


Once you've considered the purchase of the home from a practical standpoint, you'll have a lot more confidence in your decision when you make an offer.

Need help? Call us!

Read full post

Please visit our Open House at 64 2270 196 ST in Langley.
Open House on Saturday, November 10, 2018 1:00PM - 3:00PM Open House this Saturday Nov 10 1-3pm
Ready for your renovation ideas - this very spacious 1300 sq/ft double wide has a great floor plan with 2 Bedrooms and 2 full bathrooms, and a flex room that can easily become a 3rd bedroom. Features include entertainment size living and dining room, spacious kitchen with adjoining eating area and a big laundry room that goes out to a back deck. Large Master offers full ensuite with tub, separate standing shower & walk in closet. Large 2nd BR. Exterior features include front covered deck perfect for year round enjoyment, and an attached storage shed. Pineridge community is for those 55+, indoor cat and 1 small dog. Pad Rental is 562.00/month. Still AVAILABLE - Deal Collapsed OPEN HOUSE this Saturday, Nov 10 from 1-3pm
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 October brings slight bump to sales for Fraser Valley


SURREY, BC – The Fraser Valley housing market saw slight increases in both total transactions and overall inventory this month after sales hit their lowest point for the year in September.


The Fraser Valley Real Estate Board processed 1,155 sales of all property types on its Multiple Listing Service® (MLS®) in October, a decrease of 35.8 per cent compared to the 1,779 sales in October of last year, and a 11.6 per cent increase compared to sales in September 2018.


Of the 1,155 sales, 438 were residential detached homes, 306 were townhouses, and 292 were apartments.

“While slight, this is the first time since May that sales here have been on the upswing.” said John Barbisan, President of the Board. “We’re beneath typical activity levels for this time of year but it’s good to see that buyers and sellers are still finding success this season.”


Active inventory for the Fraser Valley in October finished at 7,746 listings, increasing 1.3 per cent month-over-month and 41.3 per cent year-over-year.


A total of 2,776 new listings were received by the Board in October, a 5.8 per cent decrease from that received in September 2018, and a 12 per cent increase compared to October 2017.


“We’re in a much better spot in terms of overall inventory compared to this time last year, and now closer to a more balanced market. Attached inventory in particular has seen notable gains, doubling year-over-year for townhouses and nearly tripling for apartments.”


For the Fraser Valley region, the average number of days to sell both an apartment and townhouse in October was 31. Single family detached homes remained on the market for an average of 39 days before selling.


HPI® Benchmark Price Activity 


• Single Family Detached: At $986,700, the Benchmark price for a single family detached home in the Fraser Valley decreased 0.2 per cent compared to September 2018 and increased 1.1 per cent compared to October 2017.


• Townhomes: At $538,400, the Benchmark price for a townhome in the Fraser Valley in the Fraser Valley decreased 1.4 per cent compared to September 2018 and increased 7.1 per cent compared to October 2017.


• Apartments: At $432,800, the Benchmark price for apartments/condos in the Fraser Valley decreased 1.3 per cent compared to September 2018 and increased 17.2 per cent compared to October 2017.


Full package:
http://www.fvreb.bc.ca/statistics/Package201810.pdf

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