If you’ve ever sold a home, you understand it requires money to make it work. You’ve got to fix and freshen it up to entice Real estate clients. Then there are shutting costs. And moving brings its set of bills.
But perhaps the biggest chunk that comes out of your pocket is the real estate agent payment, which traditionally runs around 6%.
With that kind of cash, it’s no wonder that many sellers fly solo in an effort to save a few dollars. But is a Real estate worth it?
Would You Somewhat Save $5,550 or Make $60,000?
Your home is a major investment, and you want to help make the majority of it. Keeping the agent commission all to yourself feels like a simple way to do that. 60 you’re departing even additional money on the table by choosing out of a pro; just how much more?
According to the best Real estate, the normal home sold by an agent this past year fetched $245,000. That is clearly a $60,000 difference!
You can further increase this number by doing work to your home, just by cleaning up the siding with a pressure washer you’ll instantly increase those numbers, add on to that work you can do inside with a table saw or with a band saw and soon you’ll add tens of thousands onto your sale price, advice on how to do this can be found here.
The numbers by itself paint a pretty compelling picture. But let’s explore two reasons smart sellers go pro.
There’s Electricity in Numbers
If you’re retailing your home, you’ve got to go where the buyers are. A recent NAR report found that 89% of potential buyers used an agent to purchase their home in 2016.
Last we checked, yards indicators don’t exactly have their finger on the pulse of the marketplace. Think about how precisely many people drive by your home on the confirmed day. Then stack that against an agent’s pool of purchasers. There’s no contrast!
With a Real estate agent, you get access immediately to thousands of audiences through the Multiple Listing Service (MLS). A true pro has a proactive arrange for exposing your home to as many buyers as is feasible and works with you to ensure your home provides a great first impression. Read more.
There’s No Replacement for Experience
Let’s set the sugarcoating away and cut to the run after. Going it by itself guarantees a very important factor: You’ll make blunders. Some will be small–but some will come with zeroes on the end. You’ve worked too much to let that happen!
Here are just a few ways a pro makes reselling your home a cinch:
- Advising you on home vehicle repairs or updates
- Charges your home based on the latest market data
- Positively marketing your home to buyers
- Scheduling showings with potential buyers
- Negotiating to get the best price on your home
- Managing all the mandatory paperwork
Look at it this way: A top-notch agent sold more homes last week than you will most probably sell in your lifetime. They eat, drink and sleep real estate.
Don’t Give Up Big Bucks to save a Few
Can you cut costs by going FSBO? Sure. But you could overlook a lot more! Do yourself a favor and spouse with a high-performance pro who is aware of what it takes to get top dollar for your home whatsoever timeframe.
Dave’s real property Endorsed Local Providers (ELPs) sell at least 35 homes annually and have experience in both good and bad markets. Best of all, you can trust an ELP to offer the same advice you’d hear from Dave. Why? Because ELPs are Dave lovers too!
If you’re planning to sell your home, why not use the best of the greatest? Find the top Real estate agents locally today! More details in site: https://placerealestate.ca/downtown-vancouver-condos/
St. Lucia villa is an island in the Caribbean Sea near Central America. It is supposed to be a relaxation spot with perfect services offered at the doorstep to make the vacations soothing for the body and the soul.
The island is perched with mountains and valleys, between the Caribbean Sea and Atlantic sea. It offers all the conventional and the modern-day facilities. All one needs to have is a reasonable amount of budget set aside for the planned trip to this paradise on earth. To head start, one looks into options for the travel facilities. There are dozens of airlines offering their services to the tourists. There are two airports and a large variety of transportation available at the islands. The weather is quite cool most of the time. From January to November, the weather is cooler and bearable for outside activities. The banking system is all on credit cards, while there is also an easy cash drawing facility. The language spoken here is mainly English as it has been a British colony, but in some parts, French is also the medium of communication.
For accommodation, there is an arrangement of a variety of hotels. This includes villas, hotels befitting any range of budget, inns, and guesthouses. Apart from the budget, the location being visited also counts. There are beautiful locations in the north and south of the island that include the beachfront and rustic areas in the land. There are luxuriously furnished villas perched on the islands with doorstep luggage dropping facility. One can have a visual treat of the ‘view’ from these villas. The conventional hotels with the expected services are open daylong. There are small hotels available at reasonable prices, which offer bed and breakfast. The Dickens era style inns with the same old style intimating ambience are also available. The guesthouses also offer great bed and breakfast deals. Check here.
The communication system is Digicel, cable and Wireless. The beaches are breathtakingly beautiful, fringed with palm trees and cool air; steel band music adds to the awe-inspiring surroundings. Men and women enjoy their sports on the white sands of the beaches. Some play football; others relax reading their favourite books while some couples indulge in sunbathing activities.
There are two popular marinas in St. Lucia’s island, Rodney Bay Marina and Marigot Bay. These offer safe anchorage, shower facilities restaurants, groceries and maintenance services. Yachting is the most popular sport over here. One cannot help but gasp in yachting between the Caribbean Sea and depths of Atlantic Ocean. Water skiing and surfing are also possible with due safety arrangements. Massage, which relaxes the mind and soul to the core, is available at all paces. Hiking is irresistible in Des Cartier Rainforest. The breaking news for the golf lovers is that there are three golf courses with 18 holes and 72 pars.
That is why Weddings and honeymoons become unforgettable when planned on this island of moderate climate the well-known St Lucia villa. The pleasant air and steel band music makes the mind tenfold more relaxed and pleasant. Learn more details at https://placerealestate.ca/
Considerations for Buying
So where does that leave you if you want to buy a home in the Vancouver market? There is no predicting how the market will fluctuate on a day-to-day basis, but the signs indicate a modest and short-lived slow down. You can always choose to wait, and the reasons for doing so are both many and well-founded. Ultimately, the sooner you get in, the sooner you will own more of your home. If that is the path you choose to take, be conscientious of these important considerations: click here for more details.
- Aim for what you can afford. Be realistic about what monthly payments you can afford to determine your price range. Visit your bank or qualified mortgage broker to get an accurate assessment of your finances. If projected payments are close to what you currently pay for rent or existing payments, then you can probably afford the mortgage. Consider what you may be paying if rates go up and be conservative about projecting your income.
- Think carefully about the kind of mortgage you will take out. Will it be a floating rate or some species of fixed-term mortgage?
To Buy or not to Buy?
Is now a good time to get into Vancouver’s real estate market? This is the perennial question. People who watch regional trends see conflicting messages. The Real Estate Board of Greater Vancouver (REBGV) suggests that Vancouver is in a buyer’s market while the Canadian Centre for Policy Alternatives (CCPA) argues we are in a housing bubble. With property sales slowing, lending rates increasing and housing prices historically high, the question of whether or when to purchase a home burns even stronger. The dilemma on many potential buyers’ minds: buy now and risk a significant drop in home values paired with an increase in interest rates, or wait and risk watching prices climb out of reach.
Signs of a Buyer’s Market
The real estate market has gradually softened since the April 2010 climax and, though prices have declined slightly since that month’s record-setting benchmark of $593,419, at $539,600 they are still relatively high when seen from a long-term historical perspective. In fact, the period from March 2009 to April 2010 was one of the highest selling periods in Vancouver Real estate, so within that context, a decline in prices is a normal fluctuation, and a trend toward the baseline.
Factors Suggest Slowed Inflation
Current mortgage rates are unprecedentedly low. Bank of Montreal recently decreased its popular special five-year fixed rate to 3.59%. Meanwhile, the Bank of Canada (BOC) has incrementally ramped up its trendsetting overnight lending rate, taking advantage of GDP growth in order to slow borrowing. It was raised from 0.75% to 1 % on September 8th, the third time in four months. This has caused the Big 6 banks to increase their variable rates a point to 3%. The increased rate, along with the activation of the HST is slowing purchasing activity. The increases are small enough that they will not cause unbearable stress on most borrowers, but they will create more caution amongst buyers, which will slow inflation. This is good. for further info, visit : https://real-estate.wharton.upenn.edu/
A dramatic price correction in the Greater Vancouver real estate market is unlikely to occur. It is one of the world’s most desirable places to live and geographical factors limit massive development, typically causing properties to grow or keep their value. Other factors currently keeping home values stable are continued foreign interest and a slowing new housing stock into the market.
Since the real estate market crash in 2008, it’s been a somewhat rocky road for the real estate industry in Canada, but how rocky that road is depends on where you’re living. The Vancouver market has really done quite well to recover, taking only around two years to bounce back to the all-time highs that were experienced just prior to the crash, and now average home prices are hovering around that level. So, what is the current outlook for the Vancouver market?
Vancouver Real estate experts are expecting to see modest increases in home prices and with it being a hotter market that is likely to happen. As sellers hold on to their real estate for the right buyer and as buyers are desperate for any property that has actual solid land underneath it, detach home prices are skyrocketing. Condos and exclusive one level apartments will always be in demand in Vancouver, but the biggest increase can clearly be seen in the surrounding neighborhood of Vancouver’s most expensive locations. click here for related info.
The current rate of SOLD homes in Vancouver has stayed right around 14% and expected to stay there for the duration of the year. In a market that has always been hot 14% is still a decent number for investors and sellers. It looks as though 2014 will bring a stable market to the doorsteps of both buyers and sellers and this will have a direct impact on how Vancouver’s real estate market will grow in the coming years. New growth, less off shore investors, and more locally owned homes is good thing for the city and will have a positive impact on residents throughout Vancouver.
The new numbers for Vancouver’s 2014 Real Estate market are just now coming out. January was a solid month for growth with numbers staying around the same as the high mark of 2013. However, experts are expecting to see more growth as the months roll by in 2014. According to Vancouvermarketreports.com markets are currently 12% less than the same period in 2013, but this does not mean a slide in the housing market is taking place. In fact, the numbers of last year were greatly influenced by a spike in new buildings and detached home sales (numbers which do not fluctuate as much as other real estate prices). This year, sales of condos and new projects are expected to be the main push for real estate.
Of course, it is not just the amount of home prices that are fluctuating, so are the type of buyers Vancouver is enticing. According to experts, the buyer profile for Vancouver has shifted dramatically away from off shore buyers and towards local residents. It seems as though individuals from neighboring cities and states are taking an invested interest into moving to British Columbia’s most expensive city. Although the market is hot for sellers, buyers are still more interested than ever to receive their piece of prime Vancouver real estate and it seems as though no price is too much.
In a seller’s market, home buyers are desperate to find the right home in right price. You really need Vancouver Realtor help.
Anyone living in Vancouver knows that all real estate market is very different from any other Canadian city. The desire for everything new and innovative makes our local architecture and our real estate trends very distinctive. However, if you’re planning to purchase property in Vancouver, get a Vancouver real estate agent and you have to be aware of local trends in order to make a smart purchase. Here are some of the trends that define Vancouver real estate today. click here for more details.
Out with the Old, in with the New
Because Vancouver is a newer city, there is less of an appreciation for heritage residences. Almost every day, newspapers advertise the demolition of older buildings in favor of new condos. This trend is only getting bigger and bigger in Vancouver. If you plan to live in Vancouver, it will be very hard to find older apartment buildings, which generally have larger spaces and more affordable prices. Instead, you will probably be looking at newly developed condos with less room and higher price tags.
Be Prepared to Pay
Most other Canadian cities have neighborhoods and regions that vary in price. For example, you can choose between more expensive areas and more affordable ones. While this trend does exist in Vancouver, the general price point is decidedly higher. A “cheap” residence usually costs around $1 million dollars and often you are paying more for the land than the house itself. And supposedly that time, the run-down places such as Main Street and Commercial Drive are now expensive just like the upper class level neighborhoods in nearby cities. So, if you want to live in Vancouver, invest in Vancouver and be prepared to pay.
Longer Waits for Houses
Normally, a family will have to go through one or two “starter” homes before they can afford their ideal house. Due to high prices, Vancouver residents usually have to go through two to three apartments and then another two houses before they can upgrade to their dream home. This is just a reality for a city that has higher than average property prices.
The Suburbs are the New Hotspot
Because Vancouver has become very un affordable, many young people and new families are choosing to live in the surrounding areas of Richmond, Burnaby, New Westminster, and Surrey. This large influx of young individuals is turning the suburbs into trendy and hot areas. Businesses are becoming younger and hipper in order to accommodate these new residents. This means that the suburbs, which are usually considered a real estate consolation prize, are fast becoming the hottest places to live.
There is no doubt that Vancouver is one of the best places to live. However, residents have to be prepared before purchasing a home. Get to know the city and the local Vancouver real estate trends before investing in anything. You’ll be grateful in the long run.
It’s always best to keep up and understand the market you’re looking to invest in. If you’re interesting in buying a home or the perfect townhouse, I urge you to contact one of my good friends and Vancouver real estate expert – Mr. Sharp!