Committed to going the extra mile and ensuring that all of your needs are successfully met in a professional and honest manner.For Service and Commitment, let me help guide you with your next purchase or sale.
Wednesday, May 2, 2012
A One-hour Home Makeover? Impossible - maybe not.
Courtesy of the Real Estate Weekly - May 4th, 2012
With close to 25,000 homes on the market between Chilliwack and Vancouver, how do you make YOUR home stand-out? Try some decorative urethane millwork pieces on for size. Okay, not real wood, but they look like it without spending a lot of money.
Project 1: Surround the interior of an entryway door with pilasters and a crosshead to maximize the look of your main door's interior.
Project 2: Install curved brackets under kitchen countertops and shelves to add dimension and visual appeal to the room.
Project 3: Add a 2 piece ceiling medallion around the top of a light fixture or ceiling fan in less than 10 minutes. Interlocking pieces snap together for fast results.
Project 4: Use painted or stained mouldings to surround bath or bedroom mirrors. Make sure the mouldings are moisture resistant.
Project 5: Install a set of pallisters on both sides of the shower stall and a door crosshead overhead to upgrade the look of your kitchen or bathroom.
Project 6: To upgrade the look of a boring kitchen island add decorative brackets or corbels as accent pieces. Just be mindful of where the knees go!
Project 7: Top of a standard bookshelf with an iimpressive combination acorn pediment to add style to any room.
Project 8: Arrange a collage of ceiling medallions on a wall for a decorative feature. Faux finish, paint and stain in a variety of unique colours. You can get small sampler paint colours from Benjamin Moore.
Project 9: Use a one-peice square or cathedral louver trim piece to frame a favorite poster or painting. Finish with paint or stain to accent the image inside.
Project 10: Add a large sunburst window pediment half round above a bed to serve as a decorative headboard.
The solid urethane pieces, such as from Fypon, come preprimed and ready for installation. All products need to be glued and then nailed or screwed to the wall, then painted.
So, have fun and get to work making YOUR home stand out above the rest and sell quicker.
Saturday, February 11, 2012
The Best Asking Price for your Home
The Best Asking Price for your Home
Setting a realistic price for your home that reflects current market values will help sell your home quickly and for top dollar. When you price your home properly, you increase the chances that the offer you receive will nearly match your asking price, and that there will be competing offers—which may net you even more in the long run.
Your property has the best chance of selling within its first seven weeks on the market. And, studies indicate that the longer a property stays on the market, the less it will ultimately sell for. A property priced 10 % more than its market value is significantly less likely to sell within this window than a property priced close to its actual market value. About three-quarters of homes on the market today are 5-10 % overpriced. Sellers will usually over-price their homes by this margin if, either, they firmly believe the home is worth more than what the market indicates, or if they want to leave room for negotiation. Either way, if you choose to over-price your home by this amount, you run the risk of increasing the amount of time your home spends on the market, and decreasing the amount of money you’ll ultimately receive.
At the other end of the selling spectrum are houses that are priced below a fair market value. Under-pricing often occurs when the owner is interested in a quick sell. You can bargain on these homes attracting multiple offers and ultimately selling quickly at—or above—the asking price.
The knowledge and skills of an experienced Realtor will be invaluable when determining an appropriate asking price. It is the job of your Realtor to know the current market and market trends inside and out, to be closely connected to the real estate market at large, and to be aware of other properties currently for sale in your particular area. Based on this range of connections and knowledge, your Realtor should counsel you on how to price your home properly in order to attract the highest price possible, in the shortest period of time.
Before approaching this process, you should first do some homework yourself. You’ll need to know the workings of the current market before you even begin to think about setting an asking price. The market will always influence a property’s value, regardless of the state of a home, or its desirability. Here are the types of market conditions and how they may affect you:
A Seller’s market is considered a “hot” market. This type of market is created when demand is greater than supply—that is, when the number of Buyers exceeds the number of homes on the market. As a result, these homes usually sell very quickly, and there are often multiple offers. Many homes will sell above the asking price.
A Buyer’s market is a slower market. This type of market occurs when supply is greater than demand, the number of homes exceeding the number of Buyers. Properties are more likely to stay on the market for a longer period of time. Fewer offers will come in, and with less frequency. Prices may even decline during this period. Buyers will have more selection and flexibility in terms of negotiating toward a lower price. Even if your initial offered price is too low, Sellers will be more likely to come back with a counter-offer.
In a balanced market, supply equals demand, the number of homes on the market roughly equal to the number of Buyers. When a market is balanced there aren’t any concrete rules guiding whether a Buyer should make an offer at the higher end of his/her range, or the lower end. Prices will be stable, and homes will sell within a reasonable period of time. Buyers will have a decent number of homes to choose from, so Sellers may encounter some competition for offers on their home, or none at all.
Remember, a Realtor is trained to provide clients with this information about the market, helping you make the most informed decision possible. The right Realtor will guide you through the ups and downs of the market and keep you up-to-date with the types of changes you might expect.
Evaluate your house in the other main areas that affect market value:
The proximity of your home to amenities, such as schools, parks, public transportation, and stores will affect its status on the market. Also, the quality of neighbourhood planning, and future plans for development and zoning will influence a home’s current market value, as well as the ways in which this value might change.
The age, size, layout, style, and quality of construction of your house will all affect the property’s market value, as well as the size, shape, seclusion and landscaping of the yard.
This includes the general condition of your home’s main systems, such as the furnace, central air, electrical system, etc., as well as the appearance and condition of the fixtures, the floor plan of the house, and its first appearances.
Ask your Realtor to prepare you a general market analysis of your neighbourhood, so you can determine a range of value for your property. A market analysis will provide you with a market overview and give you a glimpse at what other similar properties have been selling for in the area.
The market value of your home is additionally affected by the number of homes currently on the market, the number of people looking to buy property, current mortgage rates, and the condition of the national and local economy.
Sunday, January 15, 2012
Renting Vs Buying
If you're wondering about renting vs buying and what to do some scenarios, take a look at this link
http://www.canadamortgage.com/calculators/rentvsown.cgi and do some playing around.
I did a calculation of a $300,000.00 purchase, with $60,000.00 down (20%), 5yr, 30yr amortization at 4.05% term, fees of $250 per month and taxes at $200.00 per month (no other costs for my sample), and came out with the following scenario.
Now, I know that there are extra costs involved with both renting and owning a house, but this will give you a rough idea of what your money can do for you. Have fun, play around, and you may be surprised.
Thursday, December 29, 2011
New Home: Best Real Estate investment in Canada
REW.CA November 2011.
Trends in Real Estate 2012" in Vancouver last week (november), the best investment they could find is also the most available: new single family detached house in Metro Vancouver and Greater Toronto.
Metro Vancouver in fact ranked No 1 in NORTH AMERICA for a potential investment in new homes, rating 6.5 on a 9 point scale, with Toronto a close second at 6.2.
'Vancouver experiences ongoing real estate spikes precipitated by a suge of Asian flight capital flooding into residential markets,' the report notes.
...the study says the most precious real estate commodity - better than retail malls, industrial business parks or office towers - is the suburban single-family detached house.
In Metro Vancouver, geographical, and political restrictions further limiht the land opportunities for single-family developement, which sustain single-family detached house prices.
Yet, demand for new detached houses in the suburbs remains constant. In South Delta, for example, when developer Ron Toigo released 20 new detached houses this year on a pre-sale basis, every house sold within a month. "
A recent report from the Real Estate Board of Greater Vancouver shows how an investment in detached suburban house has performed. In the past 10 years, the October price surveyed confirms, the typical suburban house has increased in value by 161%, and is even higher in some markets.
The past five years showed an increase of 36%, and the past 3 years, while most stocks and equities tanked, the simple home has increased by more than 23% in value."
Food for thought. If you're considering making a move in 2012 call me! Karen Conyers 604-240-3377.
Tuesday, November 15, 2011
Mortgage rate change - possibly.
Courtesy of Darren Popoff.
Mortgage News & Rate Update
Bank of Canada Could Slash rates Next Year
Read the full article here - BoC could slash rates
Tuesday, November 15, 2011
Plastic money - but not a credit card?
Only 40 sleeps until Christmas and it seems that the Bank of Canada celebrated by releasing plastic $100 bills into circulation yesterday. Banks would certainly prefer that we all use plastic for payments however, they were hoping it would be by way of debit and credit cards which they can charge user fees on. The $100 bill is just the beginning, $50 bills will be released in May and $20, $10 and $5 bills are scheduled to be available in 2013. With the release of these new bills, the Bank of Canada is showing that it understands that cash is still king and respecting that Canadians need a currency they can count on. The new polymer bill costs almost double what paper bills costs to produce at $0.19 however, they are also estimated to last 2.5 times longer. Paper bills will be slowly removed from circulation, so be prepared to tell your kids that "once upon a time" money was made of paper.
In mortgage news, interest rates are staying stable with only minor movements in fixed rates and variable discounts. With prime expected to stay low until 2013, it is unlikely that deep discounts will return any time soon to variable products.
If you are looking to buy your first home, tomorrow is the last day to register for the First Time Home Buyers Seminar and Tour happening on Sunday, November 20 from 1pm - 4pm in Langley. The tour will begin at the Sutton West Coast Realty office on Willowbrook drive where in a 45 minute seminar we will explain the ins and outs of buy a first home. This will be followed by a tour of available properties in the Langley/Clayton area. Please email me by Wednesday, November 16th at 9pm to register at email@example.com
All the best!
Jamie Moi, AMP
And don't forget to check out our Facebook page at
Friday, November 4, 2011
What do I do anyway?
The following is a list of duties and services that I provide to you as either a seller or a buyer.
Sunday, October 9, 2011
Most expensive streets per sq ft in Vancouver.
The other day I wrote about the most expensive streets for residential property per sq footage in the White Rock South Surrey area, and promised to write about Vancouver's streets.
Well, what I found was this:
The most expensive street in Vancouver, according to the MLS listings, was Point Grey Rd., with 3 sales and an average of $2409.31 per sq ft. Second on the list was Newton Wynd with 4 sales at $1915.52 per sq ft. Laurier was 3rd with 3 sales averaging $1325.80, and Osler St., was fourth with 2 sales.
What you may find interesting is Osler had the most expensive home sold - after 366 days on market. It sold for $17,500,000.--October 2010.
There were 25 sales in Greater Vancouver over the last 12months over $5m. with an average of $1497.59 and an average of 120 days on market.
So, if you're an international buyer for residential properties Vancouver is still a bargain compared to the rest of the most expensive streets in the world.
Wednesday, October 5, 2011
Priciest Streets in South Surrey/White Rock
Yesterday the Institute for Luxury Home Marketing put out a blog naming the priciest streets in the world for residential real estate, according to a post on the Overseas Property Mall Blog.
Here are the top 3.
1. Severn St., Hong Kong, China a whopping $78,200. PER SQUARE FOOT!
2. Kensington Palace Gardens, London, England $76,600. sq ft
3. Avenue Princess Grace, Monte-Carlo, Monaco $69,700. sq ft.
Now, compare that to our bargain basement price average per square foot here in sunny South Surrey for the past 12 months of sales.
1. Crescent Drive, Surrey, BC at $599.41 sq ft
2. Marine Drive, White Rock/Surrey, BC at $563.95 sq ft
3. Crescent Road, Surrey, BC at $436.17 sq ft
Now, Terry Rd., and Woodcrest came between Marine Drive and Crescent Rd., but they only had 1 sale per street over $1m in the last 12 months and I didn't think that that was a fair comparison. The other streets had a minimum of 6 sales over the past 12 months, a better indicator of price per square foot.
In relation to the most expensive streets in the world, our prices are at absolute give-aways. Not saying that they're not expensive, don't get me wrong, but it's always good to have a global perspective when we're talking real estate and why people like to buy here.
Watch for another blog for Vancouver prices per square foot later this week.
Thanks for reading!
Wednesday, October 5, 2011
BMO Predicts interest rates will stay flat until 2013.
Monday, October 3, 2011
Colour - the possibilities are endless!
Paint is the simplest and most economical way to make a small space appear larger. So a can of paint and a little imagination will go a long way to making the most of your living area.
Draw the line-paint a horizontal stripe around a small room to make it look deeper and wider. If the room is narrow, try thin vertical stripes in monochromatic tones.
Cool colours, such as soft blues, creams purples and greens will make any area feel open and airy.
Don't forget about lighting. Good lighting makes a colour appear lighter, so rooms that have a lot of natural light could handle a warmer colour.
The secret to painting a small area, is to eliminate visual distractions. Try painting the trim in the room a different shade of the main colour by adding black or white to the base.
Low ceiings? No problem. Paint a one foot border around the edge of the ceiling in the same colour as the walls. Or, paint the bottom half of a wall in a darker colour than the top. Glossy paint will also make a ceiling look higher and rooms appear larger due to the reflection of light.
Above all, have fun, be brave and you'll be amazed at how quickly you can transform your home. You'll wonder why you took so long.
Friday, December 10, 2010
10 year price comparison in GVRD
November 2010 vs. 2000 Real Estate Stats
November 2010 vs. 2000 Real Estate Stats
What does this mean?
If your detached home is worth the Greater Vancouver average of $799,312 today. Statistically it could be work $1,875,185 in 10 years. That is a good feeling if you are a home owner.
courtesy of Jessi Johnson, mtge broker, www.ownyourlife.ca
Thursday, February 25, 2010
Have you been into Vancouver while the Olympics have been going on? My husband and I went last Friday to feel the vibe! And what a vibe there was! In fact, we enjoyed ourselves so much we're going again in the evening to catch the "feeling". We had the good fortune to catch a couple taking photos of the cauldron while we were there - camera batteries died- and asked if they would email a couple of pictures - which they did! Have a look at her blog and website at www.fotoartphotography.net. What a great day just watching allllll the people, feeling the joy and pride, getting my picture taken with a silver Elvis impersonator, walking along the closed off streets. How fortunate are we to live in this beautiful part of the world. I wonder about those residents who left town and if they are regretting their decision. Oh well, GO CANADA!!!!!
Tuesday, November 10, 2009
Wednesday, October 21, 2009
Metro Vancouver housing prices to rise
B.C. house prices forecast to hit new highs over next 2 years
B.C.'s born-again real-estate market will see house prices hit record levels in 2010 and 2011, a new report predicts.
Low mortgage rates and economic recovery are driving the sector's resurgent activity, Central 1 Credit Union said as it released a market forecast yesterday.
"The strong market momentum coming out of the recession will carry into 2010, driving unit sales and prices to new highs," Central 1 chief economist Helmut Pastrick said.
Housing sales, which fell 25 per cent in 2008, will rise 10 per cent this year and 30 per cent in 2010.
Sales are expected to dip slightly in 2011, reflecting a typical cyclical sequence of strong initial recovery, fall-back and then a renewed climb, Central 1 said.
The median sales price for residential properties in the province will climb to $369,000 in 2009 from $360,000 in 2008, Central 1 said.
A six-per-cent gain in each of the next two years will drive the median price to a record $391,000 in 2010 and $415,000 in 2011, Central 1 said.
"The monthly sales price will set a new high before the end of this year, regaining the entire amount lost during the recession," it said.
Housing starts, which will plunge from 34,321 in 2008 to an expected 14,600 this year, will also strengthen over the next two years.
The arrival of the harmonized sales tax on July 1, 2010, will add to the cost of higher-priced new homes, spurring builders to produce more units before it takes effect, Central 1 said.
"Builders are expected to ramp up production to meet the strong pickup in sales and build houses early in the year to beat the implementation of the HST," Central 1 said.
Starts will rebound almost 50 per cent to 21,400 units next year, rising to 27,500 in 2011.
Renovation spending is expected to rise four per cent to $5.5 billion this year from $5.3 billion last year.
With the Home Renovation Tax Credit expiring next February, renovation spending will slip to $5.35 billion in 2010. Resumed growth in 2011 will see spending rise to $5.65 billion that year, Central 1 said.
The jump in housing sales has been much more robust in metropolitan markets such as Vancouver and Victoria than in resource-dependent areas of northern B.C. or the Kootenay. Multiple Listing Sales will grow 45 per cent in Vancouver and 25 per cent in Victoria this year, the report said.
But sales gains of 30-50 per cent next year in the Okanagan, the northeast and Vancouver Island outside of Victoria will surpass the 20-25 per cent expected for Vancouver and Victoria.
A double-dip recession is identified as the biggest risk factor in the credit union's forecast but is given a less than 20-per-cent probability.
© Copyright (c) The Province
Thursday, October 1, 2009
New Listing - Seneca Woods
Tuesday, September 15, 2009
Lower Mainland and Victoria Markets help raise average home price in BC.
Tuesday, September 1, 2009
The Language Barrier
So, there I was, holding an open house today and in walks a family of 3, at least I think they were family, as they really only spoke an Asian language and very little English. It's interesting to listen to them talk to each other - I only wish I understood what they were saying. I think their body language was in their first language also, as I couldn't understand that either other than the thumbs up I managed to get from them.
I have many people come into the house who speak at least one other language fluently and do so to each other - I have yet to determine if it's to keep me in the dark about what they think of the house, the price, the finishing, or are they really talking about me, or what they're having for dinner that night. For all I know it's any and all of the above.
Even though Caucasion is still predominant in the Lower Mainland, there have been days when I have felt like a major minority. It's the weirdest thing. Of course when I was growing up in White Rock, we didn't have many people from Asia living here and French and English were the only two languages offered in schools. So even if I'd wanted to, I wouldn't have had an easy opportunity to learn anything different.
If you're faced with this situation, do you ask them politely to speak English if you know that they can, or just let them have their very private conversation?
It makes for an interesting day.
Tuesday, August 25, 2009
CIBC: Interest Rates to remain low
Tuesday, August 18, 2009
Harmonized sales tax and home ownership