----------------------------------------------------------------- The D’Arcy Harris Team – Weekly Real Estate Update August 15, 2005 ----------------------------------------------------------------- I just spent the weekend with my wife in Harrison Hot Springs. Does anyone else see that place taking off? It is BEAUTIFUL up there. And so close to Vancouver and the GVRD, it seems like it's inevitable. It's out of my market so I thought I'd ask.
Summer is drawing to a close, and I've received some questions as to what to expect in the market over the next couple of months. Generally speaking the summer is when the market it hot. Apartments and houses look better in the sun than in the rain. One thing I've noticed, and other realtors have noticed, is that generally there is another run up between October and December as people try to close a deal before Christmas. Who would want to negotiate a contract at Christmas? Many people want to spend Christmas in a new home, so work hard to get it done in time. And then it slows again in January (spent too much on presents!) before picking up again in February. Of course, the market does what it does and an educated guess is the best anyone can do. Based on my education and experience, I see housing prices continuing to rise.
We hope to hear from you soon!
D'Arcy Harris Sutton Group - Westcoast Realty Fax: (604) 488 0885 darcy@darcyharris.com
P.S: If you’re thinking of selling your home, I’ve put together a list of 27 things you NEED to know before you list, get it here for free: http://www.vancouverrealestateinfo.ca/redir.asp?page=27tips.asp&t=list
P.P.S. Wondering what your home is worth? Find out with a Free Over the Net Market Evaluation: http://www.vancouverrealestateinfo.ca/redir.asp?page=homeeval.asp&t=list
----------------------------------------------------------------- Success Story ----------------------------------------------------------------- Congratulations to S. and W. who just removed subjects on a beautiful 2-bedroom condo in Dunbar. At just under $390,000, this very large apartment had some of the lowest price per sq. ft. I’ve seen in a while. They weren’t afraid to make a strong offer to get the place they wanted and after looking all summer, they knew what they wanted. Congratulations!
----------------------------------------------------------------- Weekly Real Estate Listings -----------------------------------------------------------------
These are all the current listing out right now; in fact, some of them are so new they’re not even posted on Realtylink or MLS.ca. Want to get them before they’re even in the newsletter? Sign up for the VIP Buyers Program. (http://www.vancouverrealestateinfo.ca/redir.asp?page=vip_buyer.asp&t=list) If they don’t load, hit refresh.
Vancouver Lofts: http://mlslink.mlxchange.com/EmailView.asp?r=458014642&s=BRC&t=BRC
Investment and Revenue Properties: http://mlslink.mlxchange.com/EmailView.asp?r=832837418&s=BRC&t=BRC
Vancouver House Foreclosures: http://mlslink.mlxchange.com/EmailView.asp?r=1295283124&s=BRC&t=BRC
Vancouver Apartment Foreclosures: http://mlslink.mlxchange.com/EmailView.asp?r=1094561207&s=BRC&t=BRC
If you see any listings that interest you, simply email the MLS number and the time that you’re available to view it and we’ll set up a private tour for just you.
Would you like to have access to all the new listings that match your home buying criteria, including area, price range and style of home, emailed to you directly? Tired of leafing through hundreds of listings to find what you’re looking for? This is a free service and will allow you to view only the homes that you're interested in seeing. Become a VIP Buyer and beat other buyers to all the hot new listings in Vancouver. How does it work? Visit: http://www.vancouverrealestateinfo.ca/redir.asp?page=vip_buyer.asp&t=list
----------------------------------------------------------------- Market Tidbit -----------------------------------------------------------------
BMO deflates housing bubble theory: It may be one of the hottest dinner party topics this year, but economists say there is no housing market bubble in Canada -- at least for now.
Read the whole thing: http://www.theglobeandmail.com/servlet/ArticleNews/TPStory/LAC/20050812/RBUBBLE12/TPRealestate/
----------------------------------------------------------------- Insider Secrets Revealed: 4 IMPORTANT POINTS THAT WILL GET YOUR HOUSE SOLD -----------------------------------------------------------------
1. Teamwork. Your home is a major financial investment, and your relationship with your Realtor® should be a full partnership where your needs and wishes are heard, and you receive detailed and dependable feedback on the progress of your sale. Your agent has a responsibility to source this feedback from the agents who have shown your home, and to communicate this to you so together you can make the right decisions about what to do next. How well didthis occur the last time you had your home up for sale?
2. Pricing - Did price work for or against you? The "right" price depends on market conditions, competition and the condition of your home. Pricing it too high is as dangerous as pricing it too low. If your home doesn't compare favourably with others in the price range you've set, you won't be taken seriously by prospects or agents.
You'll get the facts when you see the statistics! To help you to establish a realistic selling price for your home, ask your agent
to provide you with an up-to-date competitive market analysis top give you:
* a review of comparable homes recently sold or currently for sale,
* an idea of how long other homes have been listed, in order to calculate an average time in which a home can sell in today's market,
* a review of homes whose listings have expired, to understand what issues were at play.
Note: There is no mention of how much you paid for your home or its improvements. Like any other investment, the market value is determined by what a willing buyer will pay and a willing seller will accept.
3. Condition of Your Home - Show Case Quality! Is your house someone else's idea of a dream home? When buyers enter are they inspired? Do they think, "I love this house!" Remember, the decision to buy a home is based primarily on emotion, not logic.
A house in move-in condition invites a sale. You need to consider:
* fixing all the little squeaks and cracks
* keeping it clean for all showings
* making it uncluttered
* brightening it up
* what your home shows like from the street (concentrating on outside curb appeal)
Remember... A house that presents well, sells for the best price because it outshines the competition. Ask your agent if they can arrange a no-obligation inspection of your home to help you assess the above.
4. Marketing Your Home To Sell!
One of the first steps in your marketing plan involves finding an agent who will best represent you. When interviewing agents, test and compare their knowledge and ask each to demonstrate how they will market your home to buyers. Compare, too, how much money each spends on advertising the homes s/he lists, in what media (newspaper, magazine, etc.) and the effectiveness of one medium over the other. Remember, it's not just how much they spend, but how they spend it.
Call me to learn what I do to market your home. (604) 771 1637
----------------------------------------------------------------- From the News ----------------------------------------------------------------- Each month, I publish a series of articles of interest to homeowners- money-saving tips, household safety checklists, home improvement advice, real estate insider secrets, etc. Information that won’t fit in this newsletter, check it out: http://www.vancouverrealestateinfo.ca/redir.asp?page=gold_newsletter.asp&t=list
----------------------------------------------------------------- Contact Info ----------------------------------------------------------------- We supply this information to you free of charge and without obligation with the hope that when you decide to buy or sell your home, you’ll call the D’Arcy Harris Team to help make it a reality. If we do all this for free, imagine what we do when we’re working together!
I invite you to forward this newsletter on to friends and family.
If you are receiving this newsletter from someone else and would like to sign up to receive it directly, please click here: http://www.vancouverrealestateinfo.ca/redir.asp?page=silver_customform.asp&t=list
Comments and suggestions are always welcome!
Thanks for Reading!
D'Arcy R. Harris
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----------------------------------------------------------------- Quick Over-the-Net Home Evaluation: http://www.vancouverrealestateinfo.ca/redir.asp?page=homeeval.asp&t=list
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