OUR PROMISE TO OUR HOME SELLERS

CAREFUL SALES PLAN
Every small detail counts. Our one and only mission is to maximize your profits. Part of a careful sale plan must include a very accurate analysis of your competitors, their pricing and show, calculated timing of list day and date along with showing times and handling offers. NEGOTIATION SKILLS AND TECHNIQUES matter. We will make sure to align a smooth sale to buy and move transactions.

HIGHEST LEVEL OF SERVICE
We are committed to making things convenient and stress-free for you. Get access to our network of trusted home professionals for all your prep needs, renovation needs, full transformation Reno, Cleaners, Packing, Moving, Financial specialists, and many more trusted vendors. We guarantee to provide a personal approach to each case and high responsiveness.

HOME SALE PREPARATION
Our team is providing you with priceless knowledge and advice on staging your home so it attracts the most buyers and sells for the highest price. This package will provide you with all the necessary items to effectively stage your home. Our experienced team will work hands-on with you to offer you guidance and advice on how you should be staging your home. 

WHEN IS THE BEST TIME TO SELL MY HOUSE?

We keep hearing how Vancouver’s market is HOT, prices are climbing fast, record breaking prices reached every year, and at the same time, many believe that Vancouver’s housing bubble is just about to burst, warning everyone to prepare for the worst to come.

Our advice has always been the same: Sell, or Buy, only when it’s right for you. With that being said, it also depends on the type of transaction you are looking for. Perhaps you sell your own home, cashing out an investment property, selling income generating property etc. The real estate market really does heat up in the spring months. Spring is certainly the best time to sell or buy for many clients. It’s a time of renewal and change in general, and it’s simply the most practical time for many too. Buying in the spring allows for a closing date early in the summertime, aligning with school and work breaks that make moving easier. It’s a key factor for clients who don’t want their kids to switch schools in the middle of the year.

But the past five years have seen unprecedented growth in Vancouver’s real estate values, and especially heavy competition for the properties available in the spring. I’ve found that this translates into pent-up demand from buyers who simply haven’t been successful in securing a new home in the spring market – whether because of high pricing, bidding wars or just plain exhaustion. For sellers, this means growing demand for homes across the seasons, and especially after the spring rush.

As a seller, you may not get a bidding war in the middle December and you may not sell for top dollar in August… but you’ll likely not pay maximum dollar either if, like most people, you are buying a new place after you sell your own home.

It is absolutely possible to sell your home outside the spring season and purchase a home at the right price too. What matters most is the timing that make sense for the client. There are peak seasons sure, but what fits you and your family should always be at the top of your consideration, not the traditional sales season.

For investment properties, buying and listing your properties should be done is a very strategic way.

IMPORTANT QUESTIONS FOR HOME SELLERS SHOULD CONSIDER 

WHY SELL?

Sometimes your reasons are clear and obvious, other times not so much. Therefore, it’s important to consider how this transaction will affect your family’s lifestyle, opportunities, and financial status. Being clear and confident about your reasons for selling will make it easier to find an agent that can determine the best options for your specific financial, lifestyle and real estate goals. 

WHEN SHOULD I SELL? 

Establishing your time frame for selling is important. If you need to sell quickly, you can speed up the process by hiring an experienced agent that will get things done in a timely manner. If you’re in no rush, then you can sit down and carefully consider your options.  

HOW TO OPTIMIZE MY FINANCES? 

Selling your home calls for some serious consideration of your current and future financial status. A qualified agent & mortgage specialist can help you effectively assess the impact of these changes, estimate potential proceeds and plan strategic tax savings and estate planning strategies. 

SELLERS RIGHTS AND OBLIGATIONS:

When working with a Realtor you are responsible for providing him or her with accurate information concerning your home; for example, its age, the current financing arrangements, the condition of the roof and hot water heater, the property taxes, etc. The realtor will also need your assistance and/or authorization to gather information about such things as the ownership details, the outstanding balance owing on the mortgage, the home’s assessed value, and the current zoning of the property.

For strata titled properties, realtors will want your assistance to gather and provide information, including minutes of all strata meetings in the last two years, current financial statements, registered bylaws, current rules, building inspection or engineer’s reports, Information Certificate (Form B prescribed under the Strata Property Act), as well as information pertaining to the nature of how parking stalls and storage lockers are designated, whether a special assessment is being proposed, and any other documentation relevant to the strata property.

OBLIGATIONS:

Sellers must disclose known material latent defects about their property to a buyer. A material latent defect means a defect that cannot be discerned through a reasonable inspection of the property, including a defect that renders the real estate:

• dangerous or potentially dangerous to the occupants;
• unfit for habitation; or
• unfit for the purpose for which the buyer is acquiring it, if the buyer has made this purpose known to the seller.

Material latent defects may also include:

• a defect that would involve great expense to remedy;
• a circumstance that affects the real estate in respect of
• which a local government or other local authority has given a notice to the seller, indicating that the circumstance must or should be remedied; or
• a lack of appropriate municipal building and other permits respecting the real estate.

Common examples of material latent defects could include the fact that the basement leaks when it rains, structural damage to the property, failure of the building’s envelope (water ingress), underground storage tanks located on the property, problems with the potability/quantity of drinking water and any un-remediated damage caused by the illegal use of the property, e.g. marijuana grow operation.

New installations or renovations of electrical or gas systems completed without appropriate permits and inspections may also be considered examples of material latent defects. For information on what type of work in a home requires gas and electric permits, please contact the BC Safety Authority at 1-866-566-7233 or visit www.safetyauthority.ca.

Failure to disclose material latent defects could result in future problems, including legal issues if the new owner discovers problems that you were aware of and did not disclose.

Source: recbc.ca