Lower Mainland Real Estate and Community News

Dec. 9, 2019

Making a Good “Second” Impression

You’ve heard the term “curb appeal”. It refers to the first impression a buyer gets when he or she first arrives at your home and looks at it from the outside.

That first impression is critical. But there is a “second” impression that is also very important. That’s the impression buyers get when they open your front door and look inside. Make sure that everything looks great from that perspective too — clean, bright, uncluttered and welcoming.

Nov. 25, 2019

How Do You Determine What You Need to Do?

Say you’re a homeowner wanting to sell your two-level, detached home. You sit down and make a list of things that need to get done to make your property as attractive as possible to buyers.

You consider the backyard. “Hmm,” you think. “Doesn’t our deck need a new finish and our flowerbed need new edging stones?”

Then you think about the living room. “The carpeting is old. We really should replace it.”

Then you step into the kitchen and think, “Our kitchen cabinets look worn. We should get a contractor to quote on replacing them. Maybe we should install a brand new shiny sink and faucet too. That should increase the resale value of our home, shouldn’t it?”

Before you know it, you have a long list of updates, repairs and renovations that you think should be done before listing and you haven’t even reached the second floor!

It’s easy to get carried away with a list of repairs and upgrades that need to be done to prepare your home for the market. But, you don’t want to end up spending more money than you’ll ever get back from the eventual sale. So, how do you determine what improvements you should be making in order to get your property ready to be listed?

That’s easy. Talk to a good real estate professional.

A real estate professional can inspect your property and advise you of the repairs and upgrades you need to make. A real estate professional will know what buyers are looking for, and will also have a good idea of the return on investment you can expect from a particular improvement.

A real estate professional may also be able to recommend reputable tradespeople and other professionals to assist you in making those improvements.

So go ahead and make that long list. Then, let’s review it, so you can make an informed decision on how to get your property ready for sale.

Nov. 11, 2019

What To Do When Closing Dates Don’t Match

If you want to sell your current property and purchase your next dream home, you might be concerned that the closing dates need to be on the same day.

You might be worried about losing a property if the closing dates overlap, or being put out on the street if the dates are far apart!

For the most part, these concerns are unfounded. Thousands of properties change hands every day and usually everything works out just fine. In fact, it’s amazing how often closing dates actually do match!

But what happens if the closing date of the home you want to buy is days or weeks earlier than the closing date of your own property?

Most lenders anticipate this situation and offer something called “Bridge Financing.” This is a special loan that allows you to purchase the property with the earlier closing date. When your current property closes, the bridge financing ends and your new mortgage – if you need one – begins on the new home.

Alternatively, if the home you want has a later closing date, your real estate professional can help you explore options, such as finding a short-term rental.

Oct. 28, 2019

The Emotional Side of Selling

Let’s face it. Selling your home is as much an emotional decision as it is a practical one.

Sure, in some ways, a property is a “product”. You want to sell that product quickly and for the best price, so you can buy your next dream home.

A home, however, is also a place filled with memories and emotional attachments. You’ll think of the rec room where the kids’ birthday parties were held; the dining room where you had countless family dinners; and the backyard deck where many afternoons were spent enjoying the sunshine.

That’s why managing the emotional side of selling your home is so important. Here are some tips:

  • Have your kids draw pictures of the fun they’ll have in their new home.
  • Remind your kids that they’ll be able to stay in touch with their old friends, while making new ones.
  • Visit the areas where you’d like to find your next home. Walk around. Get a sense of what it’s going to be like to live there.
  • Consider taking a keepsake with you from your old home to help ease the transition.
Oct. 14, 2019

BTS Selling a Kitsilano Townhouse

Setting up this kits gem for success

When pricing this home we pushed the boundaries on price per foot, but chose to do so because of the location & upgrades of the home.

The last sale in the complex was $870,000, but that unit was 100 sq ft larger than ours. It faced broadway & did not have a great outdoor space.

We were on the quiet side of the building, private entrance & private patio.

Given the climate of the market we felt good about going to $878,000 for initial list price.

If the market didn’t support the price we would look to do a reduction after 3 weeks.

But, after 2 open houses & one private realtor open we had 45+ groups through the home.

10 days after being on the market we had an accepted offer.

We currently have sold for the highest price per foot in the building at $961.75 = $855,000 Sale Price

Interested in selling your home?

Email us kevinseibel@remax.net or send us a message.

Posted in Featured Sales
Sept. 12, 2019

Rugged Oasis for sale

26117 Grant Avenue in Maple Ridge BC is a breath of fresh air. Your daily walks include views of the mountains and great hiking trails.

The no through road provides a safe, private street. The only people who drive down the street are those who live on the street.

It’s 5,451 sqft allows your growing, or maturing family plenty of space and privacy. Accompanied by 5 acres of flat land that has endless possibilities, think of it as a blank canvas.

Specs:

  • 1,500,000
  • 4 Bedrooms
  • 3 Bathrooms (1 is partial)
  • 5,451 SQFT
  • 5 Acres
  • Quiet neighbourhood
  • Gorgeous open concept home
  • The full unfinished basement is waiting for your ideals!

Private showing: kevinseibel@remax.net or send me a message now!

Open House: 2:30-4:30 Sunday, September 15th, 2019

 

Posted in Featured Sales
Dec. 14, 2018

To Buy or Not to Buy?

That is the question…

This seems to always be a hot topic for anyone under the age of 40 here in the Lower Mainland.

Depending who you talk to…you will get polar opposite opinions. The BEST advice is, take a more logical approach & map out what your goals are & what your financial situation looks like. There are perceived positives & negatives for both. But which side do you fall under?

The key factor is, what does your financial roadmap look like & where is your desired destination?This is much more than a simplistic YES owning is the answer or NO renting is smarter.

Everyday we have these conversations and everyday the scenario is different. It is also worth noting that “getting into the market” isn’t always as daunting as some perceive & it’s also not as “simple” as others like to think.

July 31, 2017

Curious About Local Real Estate?

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

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