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A Real Estate Minute

Answers to your real estate questions

Q.   Derrick, we were hoping to get our home on the market this spring, but the list of things we want to do first will take me until July to complete. Will we miss the market?

           ~  Brad from The Heights

 

A.  There is no doubt most of the real estate transactions happen in March, April, and May. It is a common misconception that Spring is the only time to sell.


However, a good home in a good neighbourhood will sell in any month of the year. Less listings in July and August or October and November equals less competition and more demand. If you happen to run into a Buyer looking in July, trying to get his family settled before the school starts in September, it could mean easy street for a homeowner with the right home.

 

Ask your realtors for advice on the improvements / repairs you intend on making before coming on the market. I pride myself on giving great advice, not projects to my clients. Certain things must be done but others could cost you valuable time.

 

Just remember, your Buyer will want to put their own fingerprint on their new home, so leave them something to do once they move in. In our city of old houses that should not be a problem.

 

HOT TIP #9

 The highest prices are not always achieved in the spring.

 


 

Q.  Derrick, we recently lost out on a great home because the Seller would not look at our subject to sale offer. We can’t buy a home without selling, and we don’t want to sell without knowing where we are going. What advice can you give us?

           Naomi, Queens Park

A.  An age old question. With an age old answer. Sell your home and go shopping! That way, you will know how much money you have to work with. You will be a welcomed Buyer money in hand, with the ability to negotiate the best price for your efforts.

 

If the right house is not there when you need it, rent and wait for the right one. This is the chosen path of the most successful moves. It can cost thousands more doing it backwards. Or worse, you could end up owing two houses. Moving is stressful any way you cut it, but if it’s time to move, it’s time to move. You can reduce that stress with good advice, but you can’t eliminate it, no one can.

 

Sometimes you just have to trust it will work out somehow. I’ve always been fascinated how it almost always does.

HOT TIP #10

 Have a little faith, the right home will be there when you need it!

 

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.