🏠 Sellers Return, Master Fall Home Selling with This Comprehensive Checklist, Effective Staging & the Housing Affordability Crisis. 🍁

 

🏠 Master Fall Home Selling with This Comprehensive Checklist. 🍁 As the warm summer days give way to the crisp and colourful beauty of fall, the real estate market experiences a shift as well. If you've been contemplating selling your home this fall, you're in luck. This is the perfect time to kickstart your selling process and set the stage for a successful and smooth sale. Here's why starting early matters: the sooner you initiate your preparations, the more likely you are to attract the right buyers and secure a great deal. To help you make the most of this prime selling season, we've compiled a quick yet comprehensive checklist that covers all the essential steps you need to take. Let's dive in!

If you’re thinking of selling this fall, this is the ideal time to start the process. The earlier you get ready, the more successful your sale will be. It will likely go a lot smoother, too. So, with those benefits in mind, here is a quick checklist that will guide you in preparing to list this fall: • Financials. Find out how much your home will likely sell for in the current market. That calculation is made by looking at what comparable homes in the area have sold for recently. • Decluttering. The more neat and spacious your home looks to buyers, the more appealing it will be to them. So, be relentless when decluttering. • Fixing. If anything needs to be repaired or replaced, this is the best time to get that work done. You don’t want to have to scramble to find a contractor later on. • Staging. Staging is the art and science of setting up a room so that it looks attractive to buyers. Well-staged homes tend to sell faster and for a higher amount. You can stage your home yourself or get professional assistance. • Scheduling. When you list in the fall, you want to make it as convenient for buyers as possible to book appointments to see your home. So, make sure you have plenty of scheduling flexibility. • Targeting. Are you also buying a new home? If so, then start the process now. Decide what type of home you’re looking for specifically and narrow your focus to those neighbourhoods you want to get into. Starting the selling process now gives you a head start when you list this fall. So, begin working through this checklist today. CURRENT INTEREST RATES VICTORIA REAL ESTATE SEARCH FEATURED HOMES IN THE NEWS These updates provide valuable insights into the current market trends and help you make informed decisions. Stay informed about the real estate landscape with these top headlines: Financial Post - Sellers return to Canada's housing market just as buyers go missing Sellers are returning to Canada’s housing market — in some cases, in droves. New listings were up 5.6 per cent in July from the month before, an increase of 24 per cent since April, reversing declines earlier this year, said RBC economists Robert Hogue and Rachel Battaglia. Financial Post - How detached home prices sparked a rally in some of Canada's major housing markets this year Detached home prices fell early this year, but an influx of buyers looking to take advantage of cooling valuations ultimately pushed prices back up in some of Canada’s hottest housing markets, though not to year-ago levels, a new report from Re/Max Canada says. CTV News - One-on-one with Canada's housing minister: Lack of affordability a 'crisis' and an 'opportunity' As cabinet ministers convene in P.E.I. for a series of meetings largely focused on housing, the federal minister overseeing the file admits a lack of affordability has reached a crisis level for many Canadians. Real Estate Magazine – Buyer-friendly terrain emerges as Canada’s housing market cools Storeys – Despite rate headwinds, Canadian home prices manage a near-record jump in July Globe and Mail – Cities pondering how to protect against wildfire smoke Toronto Star – MICALLEF: We need a ‘war effort’ approach to solving the housing crisis — from all levels of government Storeys – Economists expect Canadian home prices to continue moderating, but affordability won’t improve Canadian Mortgage Professional – Home prices register second strongest monthly increase ever, according to index Bloomberg – New houses see demand for more bedrooms with rise of hybrid work Business Insider – A financially independent real-estate investor who had to get creative to afford her first property shares 3 strategies rookie investors can use to get started on a tight budget Business Insider – A tiny homes village, where rent is under $300 per month, is being developed to help people experiencing mental illness Diverse Trends Emerge in Canadian Housing: Urban Condos Dip, Suburban Homes Surge (Penticton Herald)  We need a ‘war effort’ approach to solving the housing crisis — from all levels of government (The Peterborough Examiner)  The tax risks of renting out your home: Canadian real estate news for August 19 (The Globe and Mail)  Small buildings won’t solve the housing crisis. Canada’s cities need to go big (The Globe and Mail)  Fixed rates back as top mortgage product of choice: National Bank (Canadian Mortgage Trends)  Long-term view shows Toronto and Vancouver home prices remain elevated despite recent decline (Canadian Mortgage Trends)  Links between housing crisis, immigration must be explored: Miller (Global News)  Canadian Housing Forecast:Lower Affordability, Less Construction, Bumpy Road Ahead (Investing.com)  Globe and Mail – Canada’s real estate market eases back into balance after summer slowdown Globe and Mail – BMO: Housing correction looks to have bottomed out Canadian Mortgage Professional – Effective policy-setting key to strengthening pace of housing construction: report Fast Company – This tiny house costs $37,600—and guess how it’s made? Financial Post – Bank of Canada could cut rates by early 2024 — if it goes by this data Globe and Mail – Canadian insurers weathering wildfire costs but prices for consumers keep rising Business in Vancouver – Can Canada build 2.2M rental units within a decade? Mortgage regret: Survey shows Canadians are stressed about their current mortgage (CTV News)  CBC B.C. - 181 properties confirmed damaged or destroyed by wildfires in B.C.'s Okanagan region An estimated 181 properties have been partially or completely destroyed by wildfire in and around West Kelowna, B.C., officials announced Wednesday, saying residents will soon be able to check the status of their homes online. Globe and Mail – Indigenous group opposes housing density on B.C.’s Salt Spring Island Victoria Times Colonist – CONDO SMARTS: Strata owners must budget to protect their investments Victoria Times Colonist – OPINION: Victoria council has been selective in approving housing CBC B.C. – There are complex reasons for our dire wildfires, but scientists say climate change plays key role Business in Vancouver – B.C. tourism employment hits five-year high Times Colonist - Raw 911 data paints complicated portrait of crime in Victoria Times Colonist - Calls to close Cowichan River to fishing as 'dead zone' forms CBC B.C. – What you should know about home insurance if you've been displaced by wildfires Times Colonist - Langford residents call for action to deal with open drug use, sheltering at Danbrook Park Times Colonist - Fire officials' advice for making homes less vulnerable to wildfire Times Colonist - Railyards residential development in Vic West complete after 21 years CBC B.C. – Major economic losses in B.C. Interior as wildfires snuff out big events Victoria Times Colonist – East Sooke Park expands with 25-acre land acquisition NOTABLE, QUOTABLE, QUOTES! “A year from now you may wish you had started today.” Karen Lamb Don't wait any longer! Begin ticking off items from your fall home selling checklist today and pave the way for a successful and lucrative sale. If you're ready to take the plunge, our expert team is here to guide you every step of the way. Diana Winger Personal Real Estate Corporation  eXp Realty | CNE, SRS, SRES, ABR Mortgage Agent Level 1 Valko Financial LTD #13047 Dominion Lending Centres  HomeVictoria.com | Housesforsale369.com  WingerRealEstate.ca | SearchBestMortgages.com (250) 588-8839  (226) 705-3369 ON YOUR TEAM!

Victoria Real Estate Update July 2023: Sales Reflect Summer Trends & Getting Family Members Enthusiastic about Moving

 

Victoria Real Estate Update July 2023: Sales Reflect Summer Trends &  Getting Family Members Enthusiastic about Moving

Getting Family Members Enthusiastic about Moving You may be excited about selling, but do your other family members share your enthusiasm? Kids can often be hesitant about, or even resistant to moving. That can make the selling process more stressful. The good news is, there are ways to get everyone in the family keen on the idea. One effective technique is to get everyone involved in the planning process, especially kids. Seek their input. Keep them informed. Include them in conversations. The less of a mystery the move is to them, the more comfortable they’ll feel about moving.  When it comes to kids, another technique is to show them what their new neighbourhood is going to be like. (Or, if you haven’t purchased yet, show them the areas you’re targeting.) Point out schools, parks, and other neighbourhood features. That will build their anticipation. For those family members who seem particularly troubled about moving, take the time to have a frank conversation with them. Let them relate their concerns. Sometimes having their concerns heard is all that’s needed to help them feel better about selling and moving. Of course, there’s no perfect solution. But, these techniques can help get everyone in your family keen on the adventure.   CURRENT INTEREST RATES VICTORIA REAL ESTATE SEARCH FEATURED HOMES Who wants to join me on the next fitness challenge?  It's Online & starts August 14th for 8 weeks, gym or no gym.  Let’s GOOO!! Check Out This Week's Meal Prep Idea Video NOTABLE, QUOTABLE, QUOTES! “Today’s accomplishments were yesterday’s impossibilities.” Robert H. Schuller When you find a professional you trust, you want to get as much value from that person as possible. That is especially true if that professional provides excellent service. That’s why you don’t get your lawncare done by a great contractor only once. That’s why you don’t hire a fantastic investment advisor and use them for just one transaction. That’s why you don’t see a wonderful dentist and never make another appointment. And yet, when it comes to real estate, many people wonder what more they can expect from their real estate professional once their home has been sold and their move is done. The answer is: plenty. Indeed, I’m a huge believer in providing ongoing services to my clients in the months and years between their moves. Those services can include annual checkups, client appreciation events, being available when they have real estate questions, and, of course, these regular newsletters. The bottom line: I’m here for my clients. So, think of me as you would your favourite mechanic, investment advisor, dentist, or any other professional you count on.     Diana Winger Personal Real Estate Corporation  eXp Realty | CNE, SRS, SRES, ABR Mortgage Agent Level 1 Valko Financial LTD #13047 Dominion Lending Centres  HomeVictoria.com | Housesforsale369.com  WingerRealEstate.ca | SearchBestMortgages.com (250) 588-8839  (226) 705-3369 ON YOUR TEAM!