Michelle Bennett
Macdonald Realty
Connect
RSS

Posted on by
Posted in Bank of Canada, Central Lonsdale, North Vancouver Real Estate, Downtown VW, Vancouver West Real Estate, Grandview Surrey, South Surrey White Rock Real Estate, Pacific Douglas, South Surrey White Rock Real Estate, Sullivan Station, Surrey Real Estate, White Rock Real Estate, white Rock Views
Thinking of Selling Your Home? Key tips...

3 Important tips

1.) Know your market.  Who is most likely going to buy your home?  Your local Real Estate Professional will likely know the answer to this question but you may too.  Who is moving into your neighborhood. Families, downsizers, singles?  Get ready to sell with these buyers in mind.

2.) Declutter, clean and paint if necessary, make sure the rooms are showing bright and clean. Fix anything that needs repair. As per above have potential buyers in mind when staging so they can see themselves living there. Marketing your home correctly from the start will ensure great photography and that your home is looking it's best from the start for potential buyers.

3.) Remember pricing it right from the start is key in this market.  If you price yourself too high then you will not get the activity you need to sell in this market. Your home holds the most value in the first 2-3 weeks of it's listing. You don't want to sit on the market high and have pricing go down.  This is very frustrating,  as you will just be falling behind the market and ultimately selling for less than you would have,  had you priced it correctly from the start. 

This market is still a great market to sell in and it doesn't have to be as frustrating if you follow these steps.  Your home can still sell quickly and get you to where you want to go!

Call me for a more customized analysis of your home.

Read

Posted on by
Posted in Bank of Canada, Grandview Surrey, South Surrey White Rock Real Estate, Pacific Douglas, South Surrey White Rock Real Estate, white Rock Views, White Rock, South Surrey White Rock Real Estate

Here's what it means for you...

All things being equal, a central bank cuts the lending rate when it wants to stimulate the economy by encouraging people to borrow and invest. It raises rates when it wants to cool down an overheated economy.

Housing market will feel the pinch

The impact of higher rates will be felt most directly on the housing market, as variable rate mortgages are closely tied to the central bank's rate.

Canada's housing market was red hot for most of the pandemic, as record low rates fuelled demand and pushed prices up to their highest levels ever. But that direction turned in the first part of this year, as the central bank's signal that higher rates were coming took the wind out of the sails of insatiable demand. 

Average prices have fallen since March across the country, the Canadian Real Estate Association says. Wednesday's rate hike will do nothing to reverse that trend.

Thinking of Buying & Selling in this market?  Bottom line is Your dream home will not be as expensive in this market however interest rates have risen so you will not be able to afford as large of a mortgage as you could have earlier this year. In the end this may not be an issue to you. 

Contacting your Lender would be the first step in deciding how this will look for your unique situation.  Secondly,  meeting with a trusted local Realtor to evaluate your home's current market value.  As pricing right and selling quickly is key to a successful transaction.  

Please contact me for more information or a Customized Home Evaluation of your property.

Read
Newer posts : page 3
Powered by myRealPage.com
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.