Character Home just listed at 835 E 27th Avenue Vancouver

We are excited to bring this beautifully renovated 5 bedroom home to market in Vancouver's Fraser neighbourhood. Move-in ready, this is a perfect home for a professional couple or growing family. 

The home is recently renovated with just over 2000 square foot of living on a 33 x 122 lot. Roof and windows are less than 6 years old.

The fully landscaped garden includes lighting and irrigation systems.

Home features Large Windows with plenty of Natural Light

The main floor features 2 bedrooms, kitchen, dining room, and  a living room with fireplace, with large windows throughout.  Upstairs you'll find a spacious master bedroom, large walk-in closet and loads of storage. There's also a flex space ideal as a nursery or home office. The garden level contains a 2 bdrm self-contained suite with kitchen and full bathroom, perfect as an in-law or rental suite. 

First showings are this Thursday, April 8, 2021. Call 604-657-7936 to make an appointment to view. Listed for sale at $ 1,798,000

View the listing here: http://ow.ly/u96F50Eh4B4

Don't Go House Shopping Until You're Prequalified

Don't start looking for homes until you've been prequalified for a mortgage.  Call your banker or financial advisor, and find out what you'll be approved for. 

Utilize a Local Real Estate Agent

Learn about the Local Real Estate Market

Consider Booking a Pre-Home Inspection

Find out the Seller's Terms and Conditions

How Do I get my real estate offer accepted?

Beautiful Family Home for Sale in Kerrisdale, Vancouver

We are excited to bring this family home to market this week! 

This is the family home you've been waiting for. This home is located at 2705 W 48 Ave in fantastic Kerrisdale, Vancouver just steps away from the  Arbutus Greenway, schools, and shopping. 

Nicely renovated and move-in ready, this five-bedroom home offers so much for the growing family. House features spacious rooms, high ceilings on the main level, and a private sundeck & yard area.

Property features studio space, sundeck, large attic, and more 

Bonus is the converted Garage into a Studio ideal for the kids to hang out. Upstairs there are 3 good sized bedrooms plus an additional Flex room which can be an office, sitting room, or whatever you want. Drop-down stairs lead to a 521 sq ft attic that is fantastic for storage.

The basement level of the home has an Unauthorized 2 bedroom self-contained suite, which is a great mortgage helper or a perfect in-laws suite for grandparents. Don't miss this home, it will go fast. All views are by appt only starting Wed March 10th - contact your realtor today to set up a time to view it! 

MLS #R2547002

View the listing on our website: http://ow.ly/xQhC30rzS0s

Let's Talk Real Estate - Vancouver Real Estate Information for you! 

Welcome to another Let's Talk Real Estate Vlog.

Last week, I talked about what a sellers' market was, and this week, I'm discussing the meaning of a buyer's market.

A selller’s market is when we have less than 4 months’ supply of real estate available. This means there are more people looking for a home, than there are properties available. Multiple bids are often placed on a property, which drives overall property values up.

What is a buyer's market?

A buyer's market is the exact opposite of a selller's market, meaning there are far more properties for sale than there are interested buyers. A buyer's market occurs when there's about 9 months worth of properties on the market. This means buyers have an opportunity to shop around and look at many properties without competition. Houses may be on the market for many months without an offer, so sellers are eager to secure a sale. This means the buyer has room to negotiate with the seller, for a better deal on the property. Typically, Vancouver is a seller's market.

Have any further questions about buyer’s and seller’s markets, or about real estate? Give us a call. We're always happy to take your call. We’re here for all your real estate questions and buying or selling needs.

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Like these videos? Please subscribe to our YouTube channel! We have dozens of videos about real estate in Vancouver and British Columbia. Some are informational, while others are about the type of properties available in BC, or home tour videos. We also have a series on other small businesses here in Vancouver. We’d love for you to take a look at them and let us know what you think.

Good morning everyone, welcome to our Let's Talk Real Estate vlog series! Like our videos? Please subscribe to our YouTube Channel -we have many videos on Vancouvers' real estate market, whether you're buying or selling, or just want to stay informed.

What is a Seller's Market?

A Seller's Market is what happens when there is a slump in available properties. We define this as having less than 4 months 'supply' of properties for sale on the market. This is what is currently happening in Vancouver - in some submarkets, the supply is as low as 3 or 2 months.

For example, last week we listed a 1950s Dutch Colonial home. Within 5 days, the property received 19 bids, which drove the price up to 2.5M - more than $500,000 over the asking price. This is definitely a sign of a seller's market - you've got all these buyers chasing a property because there's very few available. We're seeing many bids on well-priced properties, driving prices higher. In the last 12 months, we've seen many properties sell for 10-15% above their asking price.

So that's what a sellers' market is. If you have any questions, reach out to us at any time. Please subscribe, we'd love to have you aboard. Stay tuned for our next video, where we'll discuss what a buyers' market is.

Perfect Family Home to Renovate just Listed in Vancouver!

This beautiful Dutch Colonial Style home in trendy Kerrisdale is a perfect opportunity for anyone interested in renovating an older home to its former glory!

Renovated in 2004, this grand old lady features approximately 4300sqft of living space, including 4 bedrooms. The entry boasts a grand stairway, cross hall living and dining spaces with large spacious rooms and high ceilings on the main floor, and a full basement.

This Kerrisdale Property features an Excellent Location

Located across from the Arbutus Greenway, the property sits on 12000sqft of land, with east-west exposure, and all-day sunlight. The property features a swimming pool, sun deck, garden shed, and a multi-car carport.

Don't miss out on this one of a kind property! Call your realtor today to book a viewing.

View the listing: http://ow.ly/mvue30rwnVo 

Thinking about selling your property?

You may be thinking January isn't a great time to sell - it's still Winter and more people will be looking in Spring. And why you might be right, consider this - we have an unprecedented lack of properties on the market in Vancouver. There is very little available for people looking to buy houses, townhouses, or condos. On the East side, there is less than a two month supply, and on the West side there is about six months. This means it's a seller's market, and if you're a buyer, it's most likely you'll be competing for anything you're trying to buy.

Vancouver is a Seller's Market

For example, we called on behalf of a buyer about a condo in Richmond yesterday, and were told by the realtor that they already had 26 viewings for that day alone. We're quite sure the property will be sold by Monday or Tuesday. We called about another property that was listed two days ago, and it's already got an accepted offer. We're seeing on the street lineups for viewings on townhouses in Kitsilano listed in the 1.5M range. So if you're a homeowner thinking January is too early in the year to sell, and you should consider waiting, consider this - there's not much competition! There's very few properties for sale, and you can see that just driving around and noticing a lack of 'for sale' signs. If you're a buyer, you've got to expect a lot of competition when making an offer.

So, if you're selling, it's a good time to get a GREAT price. People will compete for your property and right now they're willing to pay top dollar. What's driving this market? Low interest rates. Right now, you can get a fixed rate 5 year mortage at 1.5%, which is dirt cheap. We've never had interest rates so low, and that's a driving factor to why demand is so high. Low inventory coupled with high demand means prices are soaring.

List now for the best price on your Vancouver Real Estate

So if you're thinking about selling, I'd list now - you're going to get a great price. If you plan to list in the Spring, you should be fine, but by May expect more properties to be listed leading to less demand. January is usually considered a bad time to sell, but this year it's a terrific one. Low inventory and high demand mean you can get an amazing price on your home as buyers are in competition for a place like yours.

Have any questions? Jil and I are always happy to answer your real estate questions. Contact us at any time!

Increase Your Property Value By Fixing Up Your Homes' Exterior

Today, we're talking about getting your home ready for the Spring market. If you're thinking about selling in February, March, April, these tips may be useful to you! What Jill and I always recommend, before you put your house on the market, is you check on a number of things.

Today we're going to focus on exterior home issues, that if you don't take care of well, can come back to bite you big time and can take a lot of money off the price you can negotiate with the buyer. These things are so important to take care of before you list your home, it may even cause a potential buyer to walk away. You really want to make sure there are minimal maintenance issues outstanding, so that the buyer, as well as the home inspector, has a really hard time trying to nickel & dime you, push you down on the price, or walk away.

Today we're going to do a walk around the exterior of this older house and talk about a couple of maintenance issues that commonly pop up, but are easy to take care of. These are a couple of details to take care of before contacting your realtor about listing for a sale.

Quick Fixes To Take Care of

First and foremost are plants. As you can see, we're looking at a window flower box with dead and old plants from last summer. So, before you go to market, get rid of any dead plants. This also applies to your flower beds - make sure to tidy them up! Another thing to check for is damage to your lawn, where the grass is dead. If you have large spots, you might want to buy some grass seed to fix these areas.

When was the last time your gutters were cleaned? Dirty gutters are unsightly, but it's a very easy fix to clean them with a simple wipe-down. Also give them a clean out of leaf build-up on the inside! You should also take a look at the condition of your roof. If you have a lot of moss growing on it, like this, get the maintenance crew looking at your gutters to also take a look at the roof. Cleaning it off is usually a relatively easy task. Think about getting your paving stones and driveway power washed. It will make them look like new and considerably nicer and more expensive!

Take a look at your outside fixtures and vents. This dryer vent has certainly seen better days. Make sure they are clean and look in good repair. They're also an inexpensive fix or replacement. How are your downspouts? Check to make sure they're all intact, this is a very easy fix. Are all your outside lights working? Replace lightbulbs or fixtures as needed. Does your house have leaf debris or grime buildup? Think about getting it power washed, which will make it a lot less unsightly.

Some of these things are very small, but can make a huge difference to your selling price. These just a few, but great, suggestions for fixing up your house and increasing the listing price, all of which can be done at this time of year (for example, it's too damp and cold to paint the exterior of your home this early in the year). If you're looking to list between now and about March, the tips we've given you today will ensure a smoother process when you decide you want to sell your house. A good, cleaned-up exterior shows pride of ownership, and really does add to the house value at the end of the day.

Have any questions? Give us a call at any time. We're always happy to answer your real estate questions.

Vancouver Empty Homes Tax 

Today I'm discussing the Vancouver Empty Homes Tax - which is not the same as the BC Provincial Vacant and Speculative Tax. They are two different taxes, with the Empty Homes Tax being a civil tax by the City of Vancouver that came into effect in 2017 as a way to encourage property owners to rent out their vacant suites.

If you are levied an Empty Homes Tax Notice, it will be included in your Property Tax Bill, usually received each year in November. I recommend always filing this immediately so you don't forget about it. If your bill is sitting on a table or in a drawer unfiled, February 2nd is the deadline to file your Empty Home Tax. This year's rate is 1.25%, next year it goes up to 3%, which will be a hefty increase.

Empty Homes Tax Payment Due February 2, 2021

If you have a property that you think will be levied the Empty Home Tax, go onto the City of Vancouver website. It's an easy to navigate site, and it shows you all the criteria for whether or not your property is subject to the empty home tax. As a simple rule of thumb though, if your property has been vacant more than six months in a calendar year, you're very likely to be owing the Empty Homes Tax. Just to be putting the numbers into perspective, if you've got a property with an assessed value of $1M and the property is subject to the empty homes tax, this year that will be $12,500 in taxes payable. Next year, it goes up to $30,000.

If you have any questions about the Empty Homes Tax, go online to the City of Vancouver website. Check it out, it should answer all your questions, and if you're still not sure, give Jill or myself a call, we're happy to answer any of your Empty Homes Tax Questions.

2021 BC Property Assessments Now Available

What to do if your Assessment is Incorrect

APARTMENT HOME TOUR AT 306-1250 WEST 12th AVE

This luxurious apartment has just arrived on the market!

MOVE-IN READY, GREAT LOCATION