What is Land Assembly? and Assembly is when several properties that are adjacent to each other are being sold by the same agent together to make way for a bigger plot of land and sold to developers, this is called land assembly. If you are curious about the process or have a giant lot of land you are looking to sell, this land assembly blog post is for you. Begin with the right Evaluation So, when it comes to the biggest question: how much is my home worth under the Official Development Plan? A big plot of land is worth ...
What is land assembly?
January 29, 2019
Home Staging Tips
January 29, 2019
When you are getting your house ready for sale, preparation and presentation are the biggest keys to selling your house faster and for a better price. The interior of a house is always the best selling point. When you are putting your house online, you want to put high quality staging photos and videos, these help boost your virtual presence and help it stand out in the market. When it comes to staging your home, it doesn’t have to be a timely and costly process - especially if your home is already in good shape. Below are some helpful tips ...
Helpful tips for investing in Real Estate
January 29, 2019
Why are you buying this property? There are three main reasons to invest in real estate in the Vancouver area: owning a property as an investment, generating a source of income and speculating for a quick win. Timing is everything when it comes to speculation. If you are lucky to catch the market in an upswing you’ll make some easy cash, however invest at the wrong time and you are more than likely going to lose some money. Properties are a little different when it comes time to getting out, you might have to wait for the market to settle ...
London & St. Thomas Home Sales Remain Strong
November 1, 2018
The London and St. Thomas Association of REALTORS® (LSTAR) announced that 776 homes* were sold in September of 2018, this is down 6.1% over the same month last year. However, the number of home resales are above the 10-year average, despite low housing inventory in the marketplace. "All year we’ve been managing the challenges of low supply and it continues to impact home resales," said Jeff Nethercott, 2018 LSTAR President. The area did experience a large increase in the average price for resale activity. In September of this year, the average sales price was $386,520, this is up 21.0% compared ...
Bank of Canada Raises Key Interest Rates to 1.75%
October 28, 2018
The Bank of Canada has raised its benchmark interest rate by a quarter of a point. This is the fifth time since last summer that the Bank of Canada has pushed up the cost of borrowing for Canadians. The bank's current rate is now at 1.75 per cent. That's the highest it's been in almost a decade, dating back to December 2008. The cost of loans linked to the big bank prime rates are headed higher in the wake of the Bank of Canada's decision to raise its key interest rate target by a quarter of a percentage ...
Yes, You Can Sell Your Pool Property in The Off Season
October 22, 2018
Selling a property with a pool attached to it does not have to be a total loss, you also don’t need to wait until May to put the property on the market to accompany the gorgeous spring and summer weather. There are a few ways to maximize the emotional value of your summer backyard and playground, even if there are leaves covering the pool or it is covered by a layer of snow and ice. Plan Well in Advance (if it is possible) 1. Shoot a live video during the summer months or put the pool to ...
5 Helpful Financial Tips
October 22, 2018
You’re not a kid anymore, you know how to act responsible, and your life is getting a little more complicated. You could be on the verge of getting married and having kids or moving up in your career, buying a home. These are all things that are in the transition process and can be overwhelming at times. Here are five helpful tips to help your wealth grow. Live Below Your Means So, what does this mean? It means if you are bringing in $5,000 a month and spending $4,999 of it, you’re not being wealthy, you’re just doing ok ...
What You Need to Know Before Making an Offer
October 17, 2018
Just when you thought you have found your dream home, you might be tempted to immediately make an offer or sign on the dotted line - but you should beware of doing this. Once you make an offer, you can’t change it. The seller can accept it, decline it, let it lapse by doing nothing or sign it back with changes, as a counter-offer. Then it’s your turn to accept it, decline it, do nothing or sign it back. An offer can be signed back several times. Even if your offer is accepted with conditions, you can’t change it ...
Mould & Your Home: What You Should Look For
October 14, 2018
Once mould has taken root in a home it can be a destructive force within your home. Homeowners should know the signs of mould and know where to look for it, so they can catch it before it gets worse. However, some people don’t notice mould until it is too late, and their home is already on the market for sale. To prevent that, here are what all homeowner should be looking for and why finding mould before it can spread is so important. Identifying Mould Identifying mould in a home can be tricky because it can take ...
Multiple Offers and Tips for Buyers & Sellers
September 23, 2018
When London’s real estate market is sizzling, and real estate is moving quickly, how can you effectively deal with multiple offers? London’s real estate is still sizzling and there is an overall desire to live in many areas of London, however some areas have low inventory. With this, often buyers will begin a bidding war on certain properties. Receiving multiple offers as a seller is a great position for negotiating terms and often gives them the upper hand. In situations like these, all the parties will be informed about how many offers have been submitted. All registered offers must ...