5 Minute Tips: Prep Your Home for Viewing


You have potential buyers coming but you’re already running late for work. What can you do in 5 minutes that will have the most impact?


1. Tidy the foyer / front entrance.

The front entrance is the first impression of your home. Put away your family’s shoes, hats, jackets, mail, etc.


2. Turn on lights and open the curtains.

Brighter homes look larger and more welcoming. Your real estate agent would be happy to turn off the lights and close the curtains after the prospective buyers have left, if you ask them.


3. Give the powder rooms a once-over.

Put the toilet lids down, wipe any hair and toothpaste spills from the sink, and put away toiletries.


4. Remove personal items.

Quickly go through your home and remove personal items such as family photos, bills and jewellery. This will help potential buyers picture themselves making the home their own.


5. Shake off your welcome mat.

Make sure your welcome mat is clean, free of leaves, bugs or other outdoor distractions that have a habit of accumulating.

This quick and easy task list will help you present your home to buyers in the best light, and it will ensure your mind doesn’t wander back to your house throughout the day with worries that you did not leave your home as clean as you could have.


Buyers & Sellers Face Changes in Real Estate Market 

Metro Vancouver home sales totalled 2,253 in September 2016, a decrease of 32.6 per cent from the 3,345 sales recorded in September 2015 and a decrease of 9.5 per cent compared to August 2016 when 2,489 homes sold.

 

Last month’s sales were 9.6 per cent below the 10-year sales average for the month. “Supply and demand conditions differ today depending on property type,” Dan Morrison, REBGV president said. “We’re seeing more demand for condominiums and townhomes today than in the detached home market.”

 

New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,799 in September 2016. This represents a decrease of one per cent compared to the 4,846 units listed in September 2015 and an 11.8 per cent increase compared to August 2016 when 4,293 properties were listed.

 

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,354, a 13.4 per cent decline compared to September 2015 (10,805) and a 10 per cent increase compared to August 2016 (8,506).

 

The sales-to-active listings ratio for September 2016 is 24.1 per cent. This is the lowest this ratio has been since February 2015. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark, while home prices often experience upward pressure when it reaches the 20 to 22 per cent range in a particular community for a sustained period.

 

“Changing market conditions are easing upward pressure on home prices in our region,” Morrison said. “There’s uncertainty in the market at the moment and home buyers and sellers are having difficulty establishing price as a result. To help you understand the factors affecting prices, it’s important to talk with a REALTOR®.”

 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $931,900. This represents a 28.9 per cent increase compared to September 2015 and a 0.1 per cent decline compared to August 2016.

 

Sales of detached properties in September 2016 reached 666, a decrease of 47.6 per cent from the 1,272 detached sales recorded in September 2015. The benchmark price for detached properties is $1,579,400. This represents a 33.7 per cent increase compared to September 2015 and a 0.1 per cent increase compared to August 2016.

 

Sales of apartment properties reached 1,218 in September 2016, a decrease of 20.3 per cent compared to the 1,529 sales in September 2015.The benchmark price of an apartment property is $511,800. This represents a 23.5 per cent increase compared to September 2015 and a 0.5 per cent decline compared to August 2016.

 

Attached property sales in September 2016 totalled 369, a decrease of 32.2 per cent compared to the 544 sales in September 2015. The benchmark price of an attached unit is $677,000. This represents a 29.1 per cent increase compared to September 2015 and a 0.1 per cent decline compared to August 2016.

 

Repost from Real Estate Board of Greater Vancouver website. Original article HERE 

Read full post