PRICING YOUR HOME
At what price do I list my home for? When considering to sell your home, it is recommended you interview at least 3 realtors. Each real estate agent will provide you with a comparative market analysis (CMA) which will highlight a suggested sale price, and a range your property is likely to sell for at […]
CLOSING COSTS
Let’s talk about closing costs – how much do you need? When purchasing property in BC, you will need to account for closing costs. For most transactions, this is broken down as: NUMBER 1: Property Transfer Tax: 1% on the first $200,000, 2% from the portion of $200,000 to $2,000,000, 3% from the portion of […]
THREE DETERMINING FACTORS OF A SUCCESFUL SALE
WHEN SELLING a property, the three determining factors of a successful sale are: NUMBER ONE: How your home shows NUMBER TWO: How your home is priced NUMBER THREE: How your home is marketed The seller is in control of the way their home shows, and while a realtor will offer suggestions for a listing price, […]
HOW MUCH DOES A REALTOR COST WHEN BUYING A HOME?
This is a question commonly asked by purchasers when they first look into buying a property. When someone purchases a home in BC, most times, they do not pay their real estate agent. Instead, the buying agent is offered a commission from the seller. The most common commission offered is 3.22% on the first $100,000 […]
MARKET UPDATE MARCH 2022
WHILE WE REMAIN IN A SELLER’S MARKET, WE’RE BEGINNING TO SEE SIGNS OF A MARKET SHIFT. There were 4,344 sales in March 2022 which represents a 23.9% decrease from March 2021 (record month), and a 26.9% increase from February 2022. There are currently 7,628 listings active on MLS in Greater Vancouver: this is a 13.1% […]
FIRST IMPRESSIONS WHEN SELLING YOUR HOME
FIRST IMPRESSIONS ARE EVERYTHING! First impressions made by a prospective buyer online and/or in person are crucial: they make or break an opportunity. It’s human nature to form judgement on a property at first sight. Here are some tips to capitalize on your first impression: 1. DECLUTTER Remove all excess belongings, de-personalize your home so […]
What is the minimum downpayment required to purchase real estate in BC?
Whether you are a first time home buyer, or purchasing for another time, and are using the home for principal use, the minimum requirements are: From $0-$500,000 = 5% From $500,000-$999,999 = 10% Any properties valued $1,000,000 or greater, an automatic 20% downpayment on the entire amount is required Purchase Example #1: Purchase price of […]
FEBRUARY 2022 MARKET UPDATE
The Greater Vancouver real estate market saw steady home sales activity, modest increases in home listings, and continued upward pressure trends on pricing. Residential home sales in the region totaled 3,424 in February 2022, an 8.1% decrease from February 2021, and a 49.8% increase from January 2022. Last month’s sales were 26.9% above the 10-year […]
The Ultimate Sellers Guide (Real Estate 2022)
Your Ultimate Real Estate Guide – For Selling Your Home Pre-Listing To-Do List Schedule a complimentary consultation with The King Group Discuss your goals, timeline, and the best strategy for selling Review our formal listing presentation with an analysis of your property Execute sales agreement and review any questions or concerns Marketing and design team […]
Buying and Selling Your Home Simultaneously? (3 Tips)
SELLER TIPS: “How do I ensure a smooth transition from selling my current home to buying the next?” This situation can be common for people wanting to stay in the same city and either upsize or downsize. It can have a lot of moving parts, and a successful transition should always be planned and accounted […]
