RSS

Want to Sell your Home? Price it Right!

Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re thinking of selling your house soon, that means you’ll want to adjust your expectations accordingly. As realtor.com explains: “. . . some of the more prominent pandemic trends have changed, so sellers might wish to adjust accordingly to get the best deal possible.”

In a more moderate market, how you price your house will make a big difference to not only your bottom line, but to how quickly your house could sell. And the reality is, homes priced right are still selling in today’s market.

Why Pricing Your House Appropriately Matters
Especially today, your asking price sends a message to potential buyers.
If it’s priced too low, you may leave money on the table or discourage buyers who may see a lower-than-expected price tag and wonder if that means something is wrong with the home.
If it’s priced too high, you run the risk of deterring buyers. When that happens, you may have to lower the price to try to reignite interest in your house when it sits on the market for a while. But be aware that a price drop can be seen as a red flag by some buyers who will wonder what that means about the home.

To avoid either headache, price it right from the start. A real estate professional knows how to determine that ideal asking price. They balance the value of homes in your neighborhood, current market trends, buyer demand, the condition of your house, and more to find the right price. This helps lead to stronger offers and a greater likelihood your house will sell in a timely fashion.

The visual below helps summarize the impact your asking price can have:

Bottom Line
Homes that are priced at current market value are still selling well! To make sure you price your house appropriately, maximize your sales potential, and minimize your hassle, reach out to a trusted real estate professional.

Read

Inflation and Real Estate: What You Need to Know
Inflation is an economic phenomenon that refers to the general increase in the price of goods and services over time. It can have a significant impact on the real estate market, as the value of property is often tied to the overall health of the economy.

When inflation is high, the cost of living tends to rise, which can make it more expensive for people to buy homes. As a result, demand for housing may decrease, leading to slower price appreciation or even declines in some areas. On the other hand, low inflation can make it more affordable for people to buy homes, leading to increased demand and potentially higher price appreciation.

Inflation can also affect the value of real estate in other ways. For example, if the interest rate on a mortgage is fixed, a high rate of inflation can make the loan more expensive to repay over time. On the other hand, if the interest rate on a mortgage is adjustable and tied to the inflation rate, the cost of the loan may increase or decrease in line with inflation.

It is important for real estate investors to consider the potential impact of inflation when making investment decisions. While real estate can be a relatively stable asset class, it is not immune to economic fluctuations. By understanding the potential effects of inflation on the value of property, investors can make more informed decisions about when and where to buy or sell.

I hope this blog post provides some useful information on the topic of inflation and real estate. It is always important to do your own research and consult with a professional before making any decisions.
Read

What Are Your Goals in the Housing Market This Year?

If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus.

In the last year, high inflation had a big impact on the economy, the housing market, and likely on your wallet too. That’s why it’s critical to have a clear understanding of not just the market today, but also what you want out of it when you buy or sell a home. Danielle Hale, Chief Economist at realtor.com, explains:

The key to making a good decision in this challenging housing market is to be laser focused on what you need now and in the years ahead, so that you can stay in your home long enough that buying is a sound financial decision.

Here are a few questions you can start thinking through as you fine tune your goals for 2023.

1. What’s Motivating You?

You’re dreaming about making a move for a reason – what is it? No matter what’s happening in the market, there are still many compelling reasons to buy a home today. Your needs may have changed in a way your current house can’t address, or you could be ready to step into homeownership for the first time and have a space that’s truly your own. Use what’s motivating you as a guidepost in partnership with an expert advisor to help make sure your move will give you a lasting sense of accomplishment.

2. What Does Your Next Home Look Like?

You know you want to move, but how would you describe your dream home? The available supply of homes for sale has grown, and that could mean more options to choose from when you buy. Just be sure to keep your budget in mind and work with a trusted real estate professional to balance your wants and needs. The better you understand what’s essential and where you can be flexible, the easier it can be to find the home that’s right for you.

3. How Ready Are You To Buy?

Getting clear on your budget and savings is essential before you get too far into the process. Working with a local agent and a lender early is the best way to make sure you’re in a good position to buy. This could include planning how much to save for a down payment, getting pre-approved for a home loan, and assessing your current home equity if your move involves selling your existing house.

A Professional Will Guide You Through Every Step of the Process

Buying or selling a home is a big process that takes expertise to navigate. If that feels a bit overwhelming, you aren’t alone. According to a recent Harris Poll survey, one in five respondents see a lack of information or knowledge about the homebuying process as a barrier from owning a home. Don’t let uncertainty hold you back from your goals this year. A trusted expert can bridge that gap and give you the best advice and information about today’s market.

Bottom Line

Work with a local real estate agent and build a team of industry professionals to plan how your dreams for 2023 can become a reality.

Read

With price correction largely behind us, home prices in Canada are expected to end next year just 1% below 2022

While home prices in many real estate markets across Canada have recorded modest declines over the last few quarters, largely due to the rising cost of borrowing, the rate of decline has slowed. With the expectation that the Bank of Canada’s interest rate hike campaign is coming to a close, Royal LePage is forecasting that the national aggregate price of a home in the fourth quarter of 2023 will be $765,171, 1.0% below Q4 of 2022. Broken out by housing type, the median price of a single-family detached property and condominium are projected to decrease 2.0% and increase 1.0% to $781,256 and $568,933, respectively.

“After nearly two years of record price appreciation, fueled by a steep climb in household savings, very low borrowing costs and an overwhelming desire for more space during the COVID-19 pandemic, the frenzied housing market overshot and the inevitable downward slide or market correction began, intensified by rapidly rising borrowing rates,” said Phil Soper, president and CEO, Royal LePage. “In an era characterized by the unusual, this correction has not followed historical patterns. While the volume of homes trading hands has dropped steeply, home prices have held on, with relatively modest declines. We see this as a continuing trend.”

In the first quarter of 2023, the national aggregate home price is expected to decline on both a year-over-year and quarter-over-quarter basis, followed by near-flat quarterly price growth in Q2. In the second half of next year, the aggregate home price is expected to see modest quarterly gains, but will still remain lower than the same periods in 2022.

READ MORE

Read

Don’t Let Outdated Preapproval Add to Your Home Search Woes

As mortgage rates continue their stomach-turning rise and serious shoppers compete for a limited supply of homes, would-be home buyers may be struggling to make a successful offer before their mortgage preapproval letter expires.


According to Zillow, more than half of home buyers this year reported making two or more offers before closing on a home — and that’s only after finding one that meets their needs, which takes an average of eight weeks, according to the National Association of Realtors’ 2022 Home Buyers and Sellers Generational Trends Report. For some, the search lasts longer.


A typical letter is valid for 90 days, though that can vary by lender. This time-sensitive document from your lender tentatively estimates how much it is willing to lend you, and on what terms. It demonstrates to the home seller that your mortgage is likely secure, so the deal can close.


If your home search is outlasting your preapproval window but you’re committed to the hunt, you can relieve some pressure by renewing your preapproval with your lender. These tips will help you protect your mortgage preapproval and stay on top of your homebuying budget.


How to renew your mortgage preapproval
Keep your personal financial documentation on hand and get in touch with your lender before your mortgage preapproval window closes.


Confirm the letter’s expiration date
Your preapproval letter should either spell out the expiration date or list how many days the letter is valid (most likely 90 days or fewer). If there is any doubt, call or email your point of contact at the lender to confirm the date.


Contact your mortgage loan officer
Reach out to the mortgage loan officer listed on your letter and explain that you want to renew your preapproval. Since the lender already has your basic information, the re-application process shouldn’t take as long as when you initially applied for preapproval. According to Bank of America, it can take up to 10 business days to receive a new preapproval letter, so plan ahead. This way, you won’t experience a gap where you’re actively home shopping but haven’t been preapproved. This will also help ensure that the rate and total loan amount estimates you’re working with are timely and realistic.

Update your documentation
You’ll have to provide current versions of your preapproval documentation. This includes your most recent pay stubs and asset statements for your bank accounts, retirement accounts and brokerage accounts. If you’ve experienced a major life event that will impact your borrower profile, like a divorce, you’ll want to update your lender. Your credit score will also take a temporary dip, since this reassessment involves a hard credit pull.


Think of the process as a “refresh” instead of an “extension,” since the amount and terms of your preapproval will likely change with your new letter.


Consider a different kind of mortgage
Applying for a new preapproval letter comes with the opportunity to explore different kinds of loan options with your lender, says Sonu Mittal, head of mortgage at Citizens, based in Dallas. For example, adjustable-rate mortgages are becoming increasingly popular as borrowers bet on long-term rate trends. The rates for ARMs are typically lower during the introductory period and then change with the market.


Some lenders advertise loan programs that come with lower or temporarily suppressed rates. For example, New American Funding offers a “buydown loan” that allows borrowers to pay 1% or 2% less than the 30-year fixed rate for their first few years in the home, or a combination of those discounts.


If you choose to switch lenders, you’ll have to shop around again and start the application process over from scratch.


Reconsider the starter home
“If someone got a preapproval a couple of months ago, the probability of them being able to get it renewed is very high,” Mittal says. Still, Mittal says, even a borrower who has kept their finances in good shape could see their budget constrict with a new preapproval letter months later. Rising interest rates are making home loans more expensive, so borrowers renewing a preapproval may see a lower total mortgage amount for the same monthly payment. If you’re having a hard time finding a home within your preapproved budget, you may need to make some concessions.


“I feel like a lot of millennials are trying to make a move into the dream home from renting,” says Steve Ploetz, a Realtor with Century 21 Award in Carlsbad, California. Some home buyers may find that a smaller house, condo or property outside of a preferred neighborhood makes sense as a stepping stone to their real estate dreams. Limiting the scope of your search to what you can truly afford — instead of what ticks the most boxes on your wish list — may present more opportunities.


Check in with your lender often
It’s a mistake to think of a preapproval letter as a static document, Ploetz says. “We’re recommending that our clients touch base with their lender every other week,” he says, so that the borrower can get an updated perspective on what they qualify for and how rates are responding to recent changes in the market. Otherwise, Ploetz says, you risk working with outdated information and sabotaging your search.


If you want to level-up your home-shopping strategy, maintaining your mortgage preapproval is key. Staying in frequent contact with your lender and accounting for a changing budget can give you the tools to shop like a pro, even in a challenging market.

Read

Keeping Up The Yard Through The Winter



This is the time when people start to want to stay indoors a bit more, especially when the temperatures significantly drop.


But you can't neglect your outdoor patios and decks, especially if you plan to sell soon. Buyers won't want to see broken-wood decks or corroded wrought iron patio sets in your backyard.


The good news is that if you prepare ahead, you can save yourself time and money. Taking some good housekeeping steps now will allow you to step outside into the fresh spring air next year to a well-preserved outdoor space.


Where to begin? First, if your deck is looking a little worn and tired, make the necessary repairs now. Don't wait until you can stick your foot through a board (like I did). That's not only dangerous but it also mandates a quick fix.


Give your deck a good cleaning and sealing or staining before the weather gets too cold and wet to do this. Make sure you check for loose nails and get rid of any splintery edges by sanding them down. Seal with waterproofing sealants. For these, generally the weather has to be above 32 degrees F and 50 degrees F for sealing and stains, respectively, to work properly.


Put the clippers to work. Take a good look around your yard and decide which plants need to go. Many annuals may have been killed by frost and it's time to clear them away. Keep your flowers keep them looking good by trimming away dead leaves. If you cut your plants back now it will cause them to grow and flower more effectively later on.


Add seasonal plants. You can still have some nice color in your yard if you get the right plants for your yard's climate. Kale and ornamental cabbage are attractive. In warmer climates try primroses for winter color.


Use creative containers with your seasonal plants. Putting a perennial plant in a beautifully painted container can add style and allure to your patio all winter long.


Plant potted vegetables. Nothing's better than fresh food especially when it comes from your own yard. There are some cool-weather vegetables that work well in pretty pots. Things like lettuce: kale, leaf, mustard, and Chinese cabbage are good for this. Also, don't forget herbs; they'll come in handy for the holiday dinners.


Get artsy. Making your yard look good in winter is also about what you leave outside. Those brightly colored throw pillows and rugs that worked great in summer, of course, should be brought inside. Instead get creative with lights that give a sparkle on a cold winter night. Hang plants with ornaments on them. Also, hang bird feeders to attract birds.


Taking a few simple steps to keep your deck, yard, and outdoor furniture in good condition will give you an easy progression into spring. And, if you're listing your home for sale in the winter, these steps are sure to please buyers.

Read

Winter Home Selling Checklist

Some Highlights

  • As you get ready to sell your house, focus on tasks that make it inviting, show it’s cared for, and boost your curb appeal.
  • This list will help you get started, but don’t forget, a real estate professional will provide other helpful tips based on your specific situation.
  • Connect with a trusted real estate professional for advice on what you may want to do to get your house ready to sell this season.
Read

BC Government Removes Age and Rental Restrictions to Strata Title Properties


On November 24, 2022, the BC Government passed amendments to the Strata Property Act which take immediate effect. There are two significant changes impacting REALTORS® dealing with strata properties, as well as their clients: 

  • all rental restriction bylaws are removed, except for bylaws restricting short-term rentals such as Airbnb or Vrbo, and 
  • all age restriction bylaws are removed, with the exception of “seniors only” (55-plus) rules. This means that a strata will no longer be allowed to have 19-plus age restrictions.  

READ MORE HERE

Read

FALL FIXES FOR THE HOME


Delicious autumn!

My very soul is wedded to it, and if I were a bird I would fly about the earth seeking the successive autumns - George Eliot

Here is your chance to ready your home for cold weather, Vancouver rains, and all that Fall & Winter have to offer. As the seasons change, once again it's time to perform some home maintenance.

Here are 10 yearly tasks that will help keep your household in working order when the temperatures drop.


1. Clean Gutters: Do so frequently. Clogged gutters can result in standing water and roof damage. Plus, if you clean them frequently, you're less likely to have to deal with decomposing leaves.



2. Mow and trim: It seems counter intuitive, but Fall is a wonderful time to both fertilize and reseed your lawn. A maintained lawn improves a home's value and saleability. Use this time to trim shrubs and grass one last time so that your yard stands out, even in a dormant season.


3. Prune trees: With Winter comes ice. With ice comes broken limbs. Take advantage of nice weather and cut back or remove precarious limbs. It only takes one heavy snow or ice to weigh down a limb and damage property.


4. Powerwash: Driveways, sidewalks, decks, and patios can get quite grimy during the summer months. Invest in a powerwasher and you'll be surprised how clean you can get them!


5. Outdoor Living: Some furniture is made to be stored during rainy or snowy seasons. Clear a place in your garage or shed for the items. Consider covering them with a tarp and storing cushion in vacuum seal bags.


6. Heating Systems: Check furnaces and change filters. Not only will it boost efficiency, but it will also save you money in the process.


7. Check for Leaks: Recaulk around windows and doors to help prevent heat from escaping.


8. Fireplace: You don't want a chimney fire. Be sure to have your chimney swept or cleaned each year.


9. Piping: Check pipes for insulation to prevent freezing and bursting.


Every season holds different responsibilities for a homeowner. Be sure to stay on top of tasks each season to maintain your home's value!

Read

Create your own space in a shared place

While a recent Royal LePage survey found that a large number of millennials haven’t given up on their dream of owning a home, many Canadians continue to live in shared accommodations – whether with family or roommates. But, just because you live with others… doesn’t mean you shouldn’t have a space to call your own.


Here are our top five tips to make your space feel special and private when co-living:


Read

28th Annual Realtors Care Blanket Drive


Looking to donate warm clothing, socks, and blankets to help those in need in our communities? In two weeks, you’ll be able to drop these items off at real estate offices across the Lower Mainland as part of this year’s REALTORS Care® Blanket Drive.


You can find these locations, along with more information about the Blanket Drive, at the newly launched BlanketDrive.ca.


We need your help to make this year's Blanket Drive a success


Starting November 14, anyone can drop off blankets, socks, and warm clothing to select real estate offices, or donate financially to support our REALTORS Care® Blanket Drive charities.


For 28 years, REALTORS® across the Lower Mainland have banded together to collect warm clothing donations, or make financial contributions, to help those most in need within our communities. Hundreds of real estate offices serve as drop-off locations during this week-long annual campaign.

 

Read

Three Trends that are good news for today’s Home Buyers


While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home.


As the market has cooled this year, some of the intensity buyers faced during the peak frenzy of the pandemic has cooled too. Here are just a few trends that may benefit you when you go to buy a home today.


1. More Homes To Choose from
During the pandemic, housing supply hit a record low at the same time buyer demand skyrocketed. This combination made it difficult to find a home because there just weren’t enough to meet buyer demand. According to the real Estate Board of greater Vancouver, the # of homes for sale increased by 20% this September compared to September 2021. Even though supply is still lower than more normal levels, you have more to choose from in your home search. That makes finding your dream home a bit less difficult!


2. Bidding Wars Have Eased
One of the top stories in real estate over the past two years was the intensity and frequency of competition. But today, things are different. With more options, you’ll likely see less competition from other buyers looking for homes. If you tried to buy a house over the past two years, you probably experienced the bidding war frenzy firsthand and may have been outbid on several homes along the way. Now you have a chance to jump back into the market and enjoy searching for a home with less competition.


3. More Negotiation Power
And when you have less competition, you also have more negotiating power as a buyer. Over the last two years, more buyers were willing to skip important steps in the homebuying process, like the appraisal or inspection, to try to win in competition. Our experience today is that unconditional offers are very rare.


As a buyer, this is good news. It is so important and less stressful to have the opportunity for complete due diligence on your purchase.


Bottom Line
While buyers still face challenges today, they’re not necessarily the same ones you may have been up against just a year or so ago. If you were outbid or had trouble finding a home in the past, now may be the moment you’ve been waiting for. Partner with your local real estate professional to start the homebuying process today.

Read

How To Prep Your House for Sale This Fall


Today’s housing market is different than it was just a few months ago. And if you’re thinking about selling your house, that may leave you wondering what you need to do differently as a result. The answer is simple. Taking the time upfront to prep your house appropriately and create a solid plan can help bring in the greatest return on your investment.


Here are a few simple tips to make sure you maximize the sale of your house this fall.


1. Price It Right
One of the first things buyers will notice is the price of your house. That’s because the price sends a message to home shoppers. Pricing your house too high to begin with could put you at a disadvantage by discouraging buyers from making an offer. On the flip side, pricing your house too low may make buyers worry there’s some underlying issue or something wrong with the home.


Your goal in pricing your house is to gain the attention of prospective buyers and get them to make an offer. And with price growth and buyer demand moderating, as well as a greater supply of homes available for sale, pricing your home appropriately for where the market is today has become more important than ever before.


But how do you know that perfect number? Pricing your house isn’t a guessing game. It takes skill and expertise. Work with a trusted real estate advisor to determine the current market value for your home.


2. Keep It Clean
It may sound simple but keeping your house clean is another key to making sure it gets the attention it deserves. As realtor.com says in the Home Selling Checklist:


“When selling your home, it’s important to keep everything tidy for buyers, and you never know when a buyer is going to want to schedule a last-minute tour.”


Before each buyer visits, assess your space and determine what needs your attention. Wash the dishes, make the beds, and put away any clutter. Doing these simple things can reduce potential distractions for buyers.


For more tips, check out this checklist for preparing your house for sale. Ultimately an agent is your best resource for tailored advice, but this list can help get you started.


3. Help Buyers Feel at Home
Finally, it’s important for buyers to see all the possible ways they can make your house their next home. An easy first step to create this blank canvas is removing personal items, like pictures, awards, and sentimental belongings. It’s also a good idea to remove any excess furniture to help the rooms feel bigger and make sure there’s ample space for touring buyers to stand and look at the layout.


If you’re unsure what should be packed away and what can stay, consult your trusted real estate advisor. Spending the time on this step can pay off in the long run. As a recent article from the National Association of Realtors (NAR) explains:


“Staging is the art of preparing a home to appeal to the greatest number of potential buyers in your market. The right arrangements can move you into a higher price-point and help buyers fall in love the moment they walk through the door.”


Bottom Line
Selling a house requires prep work and expertise. If you’re looking to sell your house this season, lean on a trusted real estate professional for advice on how to get it ready to list, how to help it stand out in today’s shifting market, and more.

Read

Carve out a space for your home office


Big or small space, there is always a way to create a functional workspace.

As the pandemic rolled out, working from home became the norm for many. But, it can be difficult at times to find a place to feel productive and dedicated to your work.


No matter where you live, spare room or not, you can still carve out a space to call your home office.


5 ways to create your very own dedicated office space:


1.Change your living room layout

A lot of people find themselves working on dining room tables. However, you can actually utilize the space in a living room by just reconfiguring the layout to create something functional and aesthetic.


Tips:

Push your sofa against the wall to make room for a small writer’s desk, or place a slim desk behind your sofa as you would use a console.
Try adding a corner desk so it’s tucked away, like a reading nook.
If there is a window, think about placing the desk in front of it, where you can take advantage of natural light.
Place some decorative baskets beside or below your desk to store computer equipment, files and supplies.


2. Use multi-functional furniture that doubles as a work surface

Consider using furniture that can be used in more ways than one. This saves space, money, and the stress of having to find a location for a desk.


Tips:

Use a sideboard, buffet table or storage bench to store office supplies.
Place a mirror above a desk in your bedroom and have it double as a makeup table.
Get a mobile island that locks in your kitchen. You’ll have a countertop that doubles as deskspace, and you can move it in and out of the way when you are done.


3.Repurpose a closet

This idea is becoming ever so popular. It creates a functional space that can be hidden as needed. But, be warned… It may require some purging of your closet!


Tips:

Using part or all of a closet or an armoire, add a narrow table or sturdy shelf (at desk level) that fits within.
Add shelving above with baskets for light materials, cables or files.
You can also choose a fold-down desk for an all-in-one storage solution and a larger desk space.
Pull up a chair during the work day. And, simply close the doors when you are done.


4.Divide the room

It can be distracting to see your bed while working, so add separation. If you can spare the space within an existing room in the house, simply add some division.


Tips:

Add a folding room divider screen.
Hang curtains to create a fabric wall.
Install mid-sized bookcases to use as dividers that also double as storage on either side.


5.Clean up the shed or garage

At first thought this may not sound ideal. However with some purging and clean-up, conventional storage places make for beautiful office spaces. You just need to be mindful of what to keep, and add charming decor for motivation.


Tips:

Purge and remove anything you haven’t used in a year.
Place all storage items within boxes, on shelves, or in garage-friendly cupboards.
Invest in some floor boards, turf or rug to lay down (you do not need to get it professionally done).
Install a desk and some lighting, and add a heater for when it’s cold.

Read

Fall Home Selling Checklist


Some Highlights


When it comes to selling your house, you want it to look its best inside and out so it catches the attention of buyers. A real estate professional can help you decide what to do to make that happen.


Focus on tasks that can make it inviting, show it’s cared for, and boost your curb appeal.


Connect with a trusted real estate professional for advice on what you may want to do to get your house ready to sell this season.

Read

A Crucial First Step: Mortgage Pre-approval


Some Highlights

Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow.

Being pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in your ability to secure a loan, and helps sellers know your offer is serious.

Connect with a trusted professional to learn more and start your homebuying process today.
Read

Getting Your House Ready To Sell? Work with an Agent for Expert Advice


In a market that’s shifting as fast as it is today, many homeowners wonder what, if anything, needs to be renovated before they sell their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – do before selling your house.


Here are some considerations a professional will guide you through.


What You Need To Know About Your Local Market
Since the supply of homes for sale has increased so much this year, today’s buyers have more options than they had last year. That may mean you’re not able to ignore some of those repairs or cosmetic updates you could have skipped in previous months. As a recent article from realtor.com says:


“To stand out in the market, sellers should make their home attractive to buyers, which usually means some selective updates.”


The key word here is selective. Since it’s somewhat of a balanced market, focusing on a few key areas may be enough to make your house stand out from other options. And since inventory is still low overall, it’s also possible buyers may be willing to handle the renovations themselves once they move in. It all depends on buyer demand and the available inventory in your local area. For advice on what’s happening in your market and what to do to make your house show well, lean on a professional.


Not All Renovation Projects Are Equal
In addition to making sure your house makes a good first impression, you’ll also want to consider the return on your investment (ROI) for any renovations. According to the How to Value Your Renovations from the Appraisal institute of Canada, here are the projects that could net you the best return when you sell your house (see visual below):


Top 5 Renovations with the Highest Return on Investment
Kitchen - renovation or update with quality of materials and workmanship consistent with the area.
Bathroom - renovation or addition with quality of material and workmanship consistant with the home and the area.
Repainting Interior/Exterior - completed in tones with wide-ranging market appeal.
Updating Decor - Lighting and plumbing fixtures, countertops, replacing worn flooring (vinyl or carpets) or refinishing hardwood floors)
Decluttering - removing all excess items to showcase the features of your home.


Again, your real estate advisor is your best resource. When your agent comes to your home for a walk-thru and consultation, they’ll use their expertise to offer any insight into what you may need to repair, replace, or refinish. They also know what other sellers are doing before listing their homes and how buyers are reacting to those upgrades to help steer you in the right direction.


How To Draw Buyer Attention to the Upgrades You’ve Made
For any projects you’ve already completed or for those you plan to do before listing, make sure your real estate professional knows. They’re not just an advisor to help you decide where to focus your efforts, they’re also skilled at highlighting any upgrades in your listing. That way, potential buyers know about the features that may help sell them on the house.


No matter what, contact a local real estate professional for expert advice on what work needs to be done and how to make it as appealing as possible to future buyers. Every home is different, so a conversation with your agent is mission-critical to make sure you make the right moves when selling this season.


Bottom Line
In today’s shifting market, it’s important to spend your time and money wisely when you’re getting ready to move. Let’s connect to find out where to focus your efforts before you sell.

Read

Why It’s So Important To Hire a Pro


If you’re thinking of buying or selling a home, you’ll want a trusted real estate professional on your side for their industry experience and expert insights.


The right advisor utilizes the latest technology and can help you navigate today’s home pricing and market values, the contracts and fine print, and the negotiations you’ll face.


Partner with a trusted real estate professional so you have expert advice each step of the way.

Read
Categories:   #IMHOME CONTEST | Ambleside, West Vancouver Real Estate | Annual Pumpkin Patch | Blueridge NV, North Vancouver Real Estate | Boulevard Real Estate | Boulevard, North Vancouver Real Estate | building | canuck place adventure challenge | Capilano Highlands, North Vancouver Real Estate | Capilano NV, North Vancouver Real Estate | Central Coquitlam, Coquitlam Real Estate | Central Lonsdale, North Vancouver | Central Lonsdale, North Vancouver Real Estate | Coal Harbour, Vancouver West Real Estate | Common Property | conquer cancer lynn valley, ride to conquer cancer | Deep Cove, North Vancouver Real Estate | Dollarton, North Vancouver Real Estate | Downtown VW, Vancouver West Real Estate | Dundarave, West Vancouver Real Estate | False Creek North, Vancouver West Real Estate | Forest Hills NV, North Vancouver Real Estate | Grouse Woods, North Vancouver Real Estate | habitable area | Hamilton, North Vancouver Real Estate | Heritage Woods PM, Port Moody Real Estate | Indian River, North Vancouver Real Estate | interest rates | Lions Bay, West Vancouver Real Estate | live in lynn valley | Lower Lonsdale, North Vancouver Real Estate | Lynn Valley, North Vancouver Real Estate | Lynnmour, North Vancouver Real Estate | Maintenance Fees | Municipality | North Vancouver Real Estate | Northlands, North Vancouver Real Estate | Oil Tank Removal | permits | Princess Park, North Vancouver Real Estate | pumpkin patch 2012 | Queensbury, North Vancouver Real Estate | Real Estate | Renfrew VE, Vancouver East Real Estate | Roche Point, North Vancouver Real Estate | Strata | Strata Lot | Strata Property Act | Tempe, North Vancouver Real Estate | Unit Entitlement | Upper Lonsdale, North Vancouver Real Estate | VNVED, North Vancouver Real Estate | Westlynn Terrace, North Vancouver Real Estate | Westlynn, North Vancouver | Westlynn, North Vancouver Real Estate
Categories
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.