March, 2012: Lower Mainland Real Estate Market Update

FRASER VALLEY HOUSE HUNTERS LOOKING FOR GOOD BUYS; KEEPING PRICES RESILIENT (Surrey, BC) – The The Fraser Valley Real Estate Board (FVREB) processed 1,412 sales on its Multiple Listing Service® (MLS®) in March, a decrease of 22 per cent compared to March of last year, however only 13 per cent less than the 10-year average of 1,626 sales for same …

When is the best time to sell your home?

If you’ve been thinking about selling your home, you might be waiting until the “market is right”. After all, if the local market suddenly booms, your property will likely sell for a higher price. That may be true. However, there are other factors to consider in your decision to list.For example, will you be buying a new home as well? If so, then …

How to decide if you should replace your windows

One of the most prominent features of any home is the windows. When they are well maintained they have a positive impact on the impression people (such as potential buyers) will have of your property. The opposite occurs, of course, when your windows look old and worn. So does that mean you should replace your windows? That depends on a number of factors. Window …

Questions to ask before hiring a property inspector

Hiring the right home inspector is important. After all, you want the inspection to leave no stone unturned when determining the condition of the house you are considering purchasing. Unfortunately, the professionalism and range of services vary widely in the home inspection industry. So it pays to ask the right questions before you choose. Here are a few suggestions: “What …

Boosting Curb Appeal – a little goes a long way

“Curb appeal”. You’ve probably heard that term used before. It refers to how valuable and enticing your house looks from the outside, typically from the perspective of a potential buyer “standing on the curb”. Many people focus on preparing the inside of their house for sale, and neglect preparing the outside.This is a mistake. Studies confirm that curb appeal has …

Assessing a property’s long term potential

You see a home on the market that you like. Should you buy it? Before you make an offer, it’s a good idea to get a sense of the property’s long-term potential. After all, a property is not just a potential home, it’s also an important investment. Here are some things to look for when viewing homes on the market: …

First Time Homebuyer (new home) BONUS!

Following the announcement of the B.C. First Time New Home Buyers Bonus there has been some confusion on how the bonus will be paid to qualified applicants. The initial reports about the First Time Buyers Bonus were misunderstood due what the Ministry of Finance call a “Poor choice of words” in the initial press release. It is not a Tax Credit! The …