Even though Summer is thought of as the busy season in the real estate market, the Fall is often busy as well. For those looking to relocate before the rush of the holidays, it's a good time to get settled. If you're thinking about selling in the Fall, see the tips below to help your home appeal to buyers and get it sold fast.

1. Hire Professional Services

The best place to start is to hire a realtor. With their wealth of knowledge and experience, a realtor will know the current market conditions and be able to help you through the process. Since the Fall can be a busy time for families with kids starting the school year, having a realtor market and show your home can help for a quicker sale.
 
It's also a good idea to  hire an inspector to look at your home before puttin git on the market to ensure no major repairs or replacements are needed. Since buyers will likely have this completed on their own, you can save yourself from having to negotiate a lower price by taking care of these things ahead of time.

2. Minimize Seasonal Decor

It's easy to get carried away with Fall decorations; your best bet is to stick with neutral seasonal decor. For example, instead of putting up Halloween decorations, go for a subtle look with pumpkins or a wreath. This will appeal to a broader group of potential buyers, as not everyone celebrates Fall holidays. This could be a great time to showcase how cozy your home is by lighting a fireplace or putting out unlit candles.

3. Improve Curb Appeal

At this time of year, you may have to complete a little more maintenance outside of your home. This includes raking excess leaves and ensuring your grass stays green, even when the temperature gets cooler. It's easy for your yard to become worse for wear after a hot Summer, so be sure to water as needed and trim back overgrown trees and shrubbery. Ignoring necessary upkeep can make your home look run down. Curb appeal is importnat as it is the first impression prospective buyers have of your home.

4. Price to Sell

If you're trying to sell your home before the holidays, you may want to be prepared to price it for less than other properties listed for sale in the area. This doesn't necessarily mean you will get less than your home is worth, but a low price could result in receiving multiple offers, allowing you to pick the highest bid. While you can research housing market trends, your real estate agent can prove helpful in knowing which moves to make when coming up with a price and considering offers.

5. Time It Right

While buying another home while your property is on the market can result in paying two mortgages, you shouldn't wait to begin your home search until you receive the first offer. Instead, you can get pre-approved for a mortgage loan and make an offer after you have received a substantial offer on your current home.
 
Derived from 5 Tips for Selling in the Fall, GL Homes If you are thinking about seeling your home this Fal and want to learn what it's worth and how to price it to sell it quickly, contact me and I'll be happy to guide you through the process.

Image Source: Songbird Blog

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According to the recent market report from the FVREB, there was an 11% increase in sales over July last year and a 1.4% above the 10 yea average.

 

President of the Board, Ray Werger had this to say:

 

“July’s steady activity is a continuation of what we’ve been seeing all year. Our market has fully recovered from last year’s slump and has returned to what we typically see in the Fraser Valley, which is a steady, consistent market... we’re actually seeing a shortage of listings creating a seller’s market for particular homes."


In July the benchmark price determined by the MLS HPI of a 'typical' single family detached home was $568,300; for Townhouses it is $298, 500; for apartments it was $194,700.

 

To view the full report, click here.


Do you have questions about what a seller's market means for you? Think this is the time to sell? Contact me to help you sell your home fast & take that next step on the property ladder!

 

Image Source: Rew.ca

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There's been a lot of talk lately in the news and media about the rising cost of real estate in the Vancouver & surrounding markets. (For an informative recent report, check out this post with info from the BCREA). This, combined with low mortgage rates makes it an ideal time to buy.

 

Before the anticipated increase in home prices, make the most of this opporunity and get the best value for your money. Contact me today to find out more about your local market, what's selling, what's not, and everything else you need to know. I'm happy to answer all your questions and help you find your next home.


Image Source: LIBN

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Have you heard of the MLS HPI (Home Price Index)? It's a great tool that measures house price trends in the Greater Vancouver area and other major markets in Canada. 


Developed by 5 of Canada's largest real estat boards (Greater Vancouver, Fraser Valley, Calgary, Toronto, and Montreal), it measures the change in price of housing features.

 

 

Other HPI facts:

- It measures pure price changee (inflation or deflation)

- It measures the price of a 'typical' property

- It uses lot size, age, number of rooms, etc to provide accurate information

- Simply enter the area you are interested in, the type of property (residential, detached, etc), and date

to determine the HPI for the property type in the area you are interested in

 

Click here to check out the HPI.

 

If you are trying to figure out what you can afford in the areas you love, or want to know what your home is worth, get in touch and I'll be happy to answer your questions!


Image Sources:

MLS HPI Logo- FVREB

Bedroom- Pinterest

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How's your Summer going so far?

 

This time of the year is always busy in the real estate market. If you're thinking about purchasing your first home, moving, upgrading, downsizing.... these Snap Stats will give you a good idea of what sales are like in the area you live in and the area(s) you're interested in. See below for information for both detached and attached properties.

 

 

 

 

 

 

 

 

I also have information for other Fraser Valley areas including Abbotsford and Mission. If you would like more information or have questions, get in touch and I'll be happy to help!

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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.