Explaining terms for different types of homes
Posted on Dec 09, 2019 in Real estate terminology
In the newsletter subscribers receive every month (News From Nexus), statistics are published from four of the Real Estate Board of Greater Vancouver areas that we most often serve — West Vancouver, North Vancouver, Vancouver East and Vancouver West.
Within each there are three categories:
• Detached homes
• Attached homes
• Apartments
What are they?
The...
Selling tip: the importance of plusses, minuses
Posted on Dec 05, 2019 in Selling a house
Do the math.
Small expenses can protect large returns.
That’s one tip when selling your house, but it can be applied in many areas.
To make your house show well, fix at least everything that visibly needs fixing. Squeaky doors. Loose handles or handrails. Cracks in walls or sidewalks. Lights that don’t work. Anything that looks dirty.
Compared to what...
‘Sales’ with no connection to Christmas shopping
Posted on Dec 02, 2019 in Real estate market
It’s widely believed that planning a real estate transaction around Christmas is unwise.
Or is it?
Buying a house is often an emotional experience. A house warmed by a burning fireplace and dressed up with a Christmas tree and decorations can have a nice feel to it for both buyers and sellers. Despite wintry weather, the house looks appealing and sho...
Central 1 report making headlines in local media
Posted on Nov 28, 2019 in Real estate market
This is a news item about the housing market in B.C., through the eyes, words or TV screens of news gatherers.
Central 1 Credit Union caught the attention of B.C. news outlets by proclaiming that “the turnaround in B.C.’s housing market [will] lift sales and prices.” Central 1 is defined as “credit union central” for credit unions here and in Ontari...
Fixer-Uppers 2: Possible Disadvantages
Posted on Nov 25, 2019 in Fixer-uppers
Close to Vancouver, a young couple recently undertook a major house renovation. It is taking longer than expected, because those things often do and, in this case, because the “minor” excavation included the accidental severing a hydro line.
That’s an example of the kind of disadvantages you can encounter when buying a fixer-upper.
Disadvantages?
Can...
Fixer-Uppers 1: Possible Advantages
Posted on Nov 21, 2019 in Fixer-uppers
An online definition of “fixer upper” is this: a property that will require redecoration, re-construction or re-design, though it usually can be lived in as is. (Another definition is a TV show of the same name that had a five-year run on HGTV.)
At a time when real estate prices appear to be ready to rise, the fixer-upper is more likely to be in pla...