Whether you’re a seller or you’re a buyer, this may be applicable to you.
Are you a buyer?
As a buyer, it is always best and recommended to get something older.The reason being is you can add value to that you might want to update and enjoy it either for yourself or your future.
Kitchen and bathroom renovations typically go very far. This is a great investment for if you want to add more value to your home, and particularly to those important, key areas of the home.
However, if you want to do a nice refresh without spending a lot of money, one word: paint.
Painting will be one of the best and fastest big changes if you have a dark home, for example, and want to lighten it up.
White, of course, is a very popular choice of colour (if you want to call it a colour) that you can use in your home to refresh your walls. It will open up the room to make it look brighter especially if you have smaller windows.
Not only will your rooms look lighter and brighter, but white is timeless.
That’s right!
We’ve sold homes from the 70s and 80s that were done in white originally. Yet, even with an upgrade from the owners on the counters and backsplashes, it’s hard to tell what year the home is really from.
This is because white is always in style.
If you want to add value to your home as a seller going to the market, or as a buyer, a fresh coat of paint is always great.
Updating your laundry room, bathrooms, and kitchens will always bring you the most money.
Did we answer your questions? Perhaps you have more?
Reach out to us —we’d love to address your questions.
There are some things you should be aware of that matter when bringing your home to market.
What are they?
Well, Jill says there are 4 things that matter.
Let’s start with the first one: location.
This is something you cannot change. but it definitely is a destination that buyers are either looking for or not. The neighborhood could be great! But it isn’t something you can change.
The second point is price.
How are you pricing your home? It’s crucial to have an attractive price for buyers who are looking. They will probably be looking at more than one place, so by having an attractive price you can attract more buyers to look your way.
A properly priced property will draw buyers into coming to view the home.
The third important step is marketing.
This step is crucial because it will also drive buyers to your home.
How can you implement marketing into driving buyers to your home?
This is what we do, we have:
professional photos
professional floor plans
do sneak peeks
walk-through videos
The more you can get in and do, the more people can see themselves in this home and the greater the chance to put in an offer in the home.
The final step is the presentation.
A first impression is everything.
What do people see when they come into your home?
What do people smell? Does it smell fresh and clean?
How is the home staged?
Does the furniture fit the space?
All of these things talked about bring an emotional pull to the buyer, especially when they are walking through your home. This helps them envision themselves living in this space.
We will have more on these topics of presentation, price, and marketing in upcoming videos, so stay tuned.
And if you’d like us to discuss a topic you’re curious about or want more information on, reach out to us! We’re happy to answer any questions you may have.
It is very important to price your home correctly when coming to the market.
There are 3 things that we do when getting ready to price the property accurately:
1. We want to know what the comparable solds are in the area
This would mean if you are selling in an apartment or condo-style home, having to know what has been sold recently in your building, block, or neighborhood.
It is the same process for a house, however wanting to know what recently sold on your street and what was recently sold in your area.
So how long in advance should I check to see what sold in my area?
You could go back 3 weeks, 6 months, or maybe even longer, depending on what kind of market we are going through.
2. Know what your competition looks like.
A printout of all the homes that are currently on the market in your neighborhood is a good idea to keep track of this information.
Why should you know this information?
With this copy of all the listed properties in your area you’ll be able to see where you are slotted in, in terms of asking price.
3. Know which market you are in: buyers market, seller's market, or balanced market.
If you have any questions on how to price your home directly, please contact us —we’d love to answer them!
Posted on April 29, 2022 by Andrew and Jill Hasman
Are you wondering if you should buy first or sell first?
Well, in our experience it’s expensive to be able to own two houses at the same time. Especially in an already-expensive city like Vancouver and surrounding areas.
It could be a possibility depending on if the market is going up, flat, or whether it’s a buyer’s market.
A buyer’s market would help you determine if you would want to buy first or sell first.
This has been a question that’s been asked us many times. So, our recommendation is that you sell first.
Why?
This would entail you put yourself in the best position when you go ahead to buy.
If you did not want to take this approach, but rather would want to buy first and the market changes on you then you have the possibility of owning two houses at the same time.
This would be completely fine if you are okay with the bridge financing or using your home equity line of credit to be able to do that.
There is also the possibility to find a furnished rental to move into in the meantime. This would give you the time to look on the other end to see which home you want to buy.
Once you sell your home, you will know exactly how much money you have to spend when you go to buy.
If the market is busy and you are in competing offers to put you in the strongest position, you can do your due diligence in advance for your home inspection. Know your finances are in place as well as how much you are willing to spend on the other side
If you don’t sell first and you decide to try to buy first, then there are many unknowns. This includes: how much is your home really going to sell for?
There is always a little space between what we can predict the home to sell for and what it will actually sell for.
So what happens if you buy first and then you go into the market and the market has changed?
You may not be able to achieve the level of pricing that you may have originally expected in advance.
These are just some of the things to be aware of when deciding to either buy or sell your home first; either to buy first and know where you’re going or sell first and have the luxury of possibility more time on the other side.
We hope this video answered some of your questions. If you have more questions, please reach out. We’d love to address them. Stay tuned for more videos on the way!
Posted on April 19, 2022 by Andrew and Jill Hasman
The process of buying a home can be thrilling, but no doubt, also nerve-wracking!
So, where do you start? What is the first thing you should do when you want to buy a home?
We recommend the first step to be speaking to a lender. This could be a mortgage broker or if you have a good relationship with your bank, this would also be a great place to start.
You want to make sure that whoever you choose to go talk to, about getting pre-approved is accessible. They should be able to make decisions quickly and efficiently.
When going to the mortgage broker or your bank, you firstly want to make sure to find out how much you’re pre-approved for. So that when you are out in the market looking for places you know how much you can spend. You want to spend within your pre-approval range, so by finding out this information before you start your search will make this step a little easier.
If you need a referral to a mortgage broker, please feel free to reach out to us, Jill and Andrew. We are happy to provide some names of a few very efficient brokers to help you get started on the process of becoming a homeowner.
We understand that finding a new home can be overwhelming for some people to think about. So, let us guide you through the process of finding your perfect home. We're continuing to create these mini videos to help guide you through and make the entire process a little easier.
If you have any questions, please send them our way —we'd love to address them in our future videos.
Posted on April 14, 2022 by Andrew and Jill Hasman
As you know, there are many things to consider before committing to the buy of your home. So, what's a good place to start?
Let us help you get the ball rolling with this big decision.
It's always the best idea to narrow down where you want to live after having your budget in place. This includes starting with what area you plan to live in. Which area do you like or where can you see yourself living in? Do you want to live on Vancouver's east side? Westside? Perhaps the Delta area?
Knowing which area you want will help you decide on other surrounding factors within the neighborhood.
Other factors to consider would include any schools in the area or nearby for your children, and how long your commute would be by car and by transit. This would include to school, work, and grocery stores, for example.
From there you can start to get specific and think about the details of your home. This would include thinking about things like: how many bedrooms and bathrooms you'd like your home to have, if you need a view outside, if more outdoor space is necessary especially if you have children or pets, or simply like your living area to be more spacious, etc.
Viewing a number of homes is the next step. Our tip: view right when the listing comes out to market when it's really fresh and when no one else has had a chance to see it.
If this is a home that you are interested in, that is when we can start putting documents together and make an offer.
We understand that finding a new home can be overwhelming for some people to think about. So, let us guide you through the process of getting your wishlist together so that you can check things off before finding your perfect home.
That's why we're continuing to create these mini videos to help guide you through and make the process a little easier. If you have any questions, please send them our way -—we'd love to address them in our future videos.
Posted on April 13, 2022 by Andrew and Jill Hasman
Here's a topic we get asked about quite a bit: oil tanks on the property.
So, if you own an older house and you're considering selling, you may want to know about oil tanks.
If you're thinking about putting a house on the market, and the home was built before 1970, how do you know if you have an oil tank on the property? Why's this an important factor to note?
Before you list, it's important to make sure if you don't have conclusive evidence, then you know whether or not you have an oil tank buried on the property.
There have been many homeowners who when it's time to list their home on the market, have said that they do not have an oil tank or have never seen one, or that it's always been gas. Only to find out that they did in fact have an oil tank buried on their property.
So why is this important to note?
If the buyer finds out between selling and completion, the buyer will not be able to get a mortgage on the property. Banks will not finance a house or property purchase where there's a buried dormant underground oil tank on the property.
This makes it a very important step in the process before someone decides to list their home for sale. It is why we ask all of our clients whether they have evidence of an oil tank removal or if they have an oil tank certificate saying there is or isn't one. If they do not have any of these, we order a scan to get that done.
That way when it comes to marketing the property, we can list the property accordingly so that there is no oil tank issue.
As previously mentioned, this is a crucial step in the process for both sellers who are selling their homes, and for buyers to be aware of.
If you enjoy these tips, stay tuned for more in our upcoming videos, and send us your questions!
Posted on April 12, 2022 by Andrew and Jill Hasman
As someone who has decided to buy a home & is just starting out, there are many questions you can encounter along the way.
That's why we, Andrew & Jill, are here to answer all your questions. Why us? Well, we've been selling homes in #Vancouver for a long time. We know the scene very well and we're here to put our knowledge to good use to educate you all about what we know.
So we're creating a Buyers Library Series to answer all your questions and concerns.
In this series, we're talking subjects, subject removal, deposits, down payments, completion dates, and much more!
Who is this series perfect for?
Well, whether you're a new home buyer who has never bought a home before, you're a seasoned home buyer, or you've been in your home for a very long time and are thinking about starting the process of becoming a buyer on the other side, we've got you covered.
If you don't know what to do or where to start when it comes to buying your home, this is what this series is for!
So, send us your questions, and stay tuned for more videos on the way.
Posted on April 12, 2022 by Andrew and Jill Hasman
Do you have questions about putting your home on the market?
Well, we wanted to make this series of short videos that we hope will help!
In this home Seller's VIP series, we're addressing all questions and concerns we've heard from clients, regarding the process of how to put your home on the market & showing it in its best light.
Whether you're brand new at this or have done this before, we want to make it as easy as possible for our clients to understand how this works. We want this process to be comfortable & confident for our sellers and educate as much as possible.
We, Andrew and Jill, have been in the Vancouver real estate market for a very long time. So, we know that things can be overwhelming for some people especially if it is their first time selling their home. Let us help!
Comments, questions, or concerns? Send them to us, and stay tuned for more videos on the way.
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