Tara Matthews

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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.


RSS

 

We can safely say that we have noticed a shift in the real estate market in Greater Vancouver. Since the 15% forgein buyer tax was implemented we have noticed that homes are rarely going into bidding wars and subjects are beginning to be looked at and accepted again. Most of the buyers (including first time home buyers) are coming out and finally ready to pull the trigger on buying a home without feeling like they must compete. This is glimpsing back to what the Real Estate market was like 3-4 years ago. This article from Real Estate Board of Greater Vancouver shows the dip in the real estate market: 

 

"Residential property sales in the region totalled 2,233 in October 2016, a 38.8 per cent decrease from the 3,646 sales recorded in October 2015 and a 0.9 per cent decrease compared to September 2016 when 2,253 homes sold. Last month’s sales were 15 per cent below the 10-year October sales average.

 

“Changing market conditions compounded by a series of government interventions this year have put home buyers and sellers in a holding pattern,” Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said. “Potential buyers and sellers are taking a wait-and-see approach to try and better understand what these changes mean for them.”

 

New listings for detached, attached and apartment properties in Metro Vancouver totalled 3,981 in October 2016. This represents a decrease of 3.5 per cent compared to the 4,126 units listed in October 2015 and a 17 per cent decrease compared to September 2016 when 4,799 properties were listed. Last month’s new listing count was 9.5 per cent below the region’s 10-year new listing average for the month.

 

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 9,143, a 4.5 per cent decrease compared to October 2015 (9,569) and a 2.3 per cent decrease compared to September 2016 (9,354).

 

The sales-to-active listings ratio for October 2016 is 24.4 per cent. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

 

“While sales are down across the different property types, it’s the detached market that’s seen the largest reduction in home buyer demand in recent months,” Morrison said. “It’s important to work with your local REALTOR® to help you navigate today’s changing trends.”

 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $919,300. This represents a 24.8 per cent increase compared to October 2015 and a 0.8 per cent decline compared to September 2016.

 

Sales of detached properties in October 2016 reached 652, a decrease of 54.6 per cent from the 1,437 detached sales recorded in October 2015. The benchmark price for detached properties is $1,545,800. This represents a 28.9 per cent increase compared to October 2015 and a 1.4 per cent decrease compared to September 2016.

 

Sales of apartment properties reached 1,178 in October 2016, a decrease of 23.7 per cent compared to the 1,543 sales in October 2015.The benchmark price of an apartment property is $512,300. This represents a 20.5 per cent increase compared to October 2015 and a 0.3 per cent increase compared to September 2016.

 

Attached property sales in October 2016 totalled 403, a decrease of 39.5 per cent compared to the 666 sales in October 2015. The benchmark price of an attached unit is $669,200. This represents a 25.7 per cent increase compared to October 2015 and a 1.1 per cent decrease compared to September 2016."

 

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