How to Efficiently Renovate Home to Sell Fast
Winter season is traditionally slow season for Vancouver real estate market. If you plan to sell home in the coming Winter, please check the following 5 tips for renovating your home. Proper renovation would help to sell home quicker. Many home sellers come up with the following best renovation ideas which could help you spend money wisely: 1. Kitchen renovation It is believed to be the most efficient way of renovation in regards to sell home fast. It includes upgrading all the kitchen appliances if necessary. 2. Painting inside out The cost is relatively low. And the result is somewhat amazing. 3. Bathroom upgrade Houses of 10 or 20 years of age usually need such bathroom upgrade. Brand new bathroom looking will add more value to your property. 4. Some small changes For example, change the lighting, curtain, blinds...
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2013 Vancouver Real Estate Sales and House Price Expected Up
BC Vancouver Real Estate Board released latest report on October 26, 2012. It showed status of BC real estate market in 2012 and did some projection on 2013 market. According to the report, residential properties sales volume is down by 9.8% to 69,200 units. It projected that the total residential property sales will be up by 8.3% to 74,920 units in 2013. In the past 15 years, the average residential sales was 7,900 units in a year in BC. In 2005 it reached its historic high volume to 106,300 units. It mentioned that 2012 real estate property sales decreased thanks to the tightening of mortgage so that fewer buyers are qualify for new mortgage if they couldn’t put down enough down payment. With BC employment rate increasing and total population increasing, real estate sales are expected to increase in...
Read MoreThe Facts About Multifamily Residential Presales
Over the years, thousands of British Columbians have entered into contracts to buy new homes before the construction of their homes had begun or during the construction period. This type of real estate transaction is commonly referred to as a presale transaction. It most often involves the buyer of a new home and the developer entering into a purchase agreement to complete the transaction at a future date when the home is completed and ready for occupancy. This is usually a win-win transaction for both the homebuyer and the developer. Buyers are able to select the homes they want to buy and developers know, with some certainty, their ability to successfully market and finance the projects they are offering to the market. Rewards Usually Outweigh Risks Buying a home is likely the largest personal financial transaction a consumer will...
Read MoreGreater Vancouver Real Estate Will Get Both Sales and Price Increase In 2011 CMHC Predicted
(From VancouverSun) A new report suggests that low mortgage rates combined with a growing population and an improving economy bode well for Metro Vancouver home sales for the rest of 2010 and 2011. “For the next year, we’re looking at favourable mortgage rates, a steady flow of migrants to the Lower Mainland, and a growing job market,” Canada Mortgage and Housing Corp. senior market analyst Robyn Adamache said in an interview about the federal agency’s housing market report that concluded sales will remain stable until mid-2011 before trending higher. “We’re looking at about 33,000 sales for Greater Vancouver [in 2011]. We’re looking at 31,000 this year. The 10-year average is about 34,000. The B.C. Real Estate Association also predicted in its fall housing forecast last week that B.C. housing sales, while declining 12 per cent this year to 74,950...
Read MoreThe Housing Market Scenario At the Greater Vancouver Area In 2010
The housing price at the Greater Vancouver Area in Canada has significantly increased in the present times. As per industry exerts, the residential real estate market has roared back in 2010 with the housing prices at or above pre-recession levels. One of an interesting feature is that the housing sales have also increased notably at the beginning of the second quarter in 2010. As per the reports of REBGV (Real Estate Board of Greater Vancouver), about 3,512 residential properties have been sold in April 2010. It is about 18.5% increase in comparison to 2,693 sales during the same month a year back and 9.1% increase (with 3,218 sales) from that of April 2008. The housing sales figure of April 2010 also signifies that there has been about 12% increase in comparison to March 2010. There have been about 7,648...
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