Victoria, BC Real Estate

Office 1-877-478-9600 |  

 

 

June is a busy month in so many ways.

Did you know that based on daylight hours, June has the longest days of the year? It also has the most marriages - and marriage proposals!

But as a homeowner, there are other things that make June particularly eventful. It’s a popular month for landscaping, gardening and, especially, planning renovations. (Let me know if I can help you by recommending a contractor or service provider.)

June is also a popular month to look for a potential new home. Some people are just curious and want to check out what’s available on the market. Other people, of course, are seriously planning to make a move, and could use some advice and help.

If you fall into either of those two camps, or even if you’re somewhere in between, give me a call. I’d be happy to answer your questions and offer my help.

 

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Lorne Tuplin
RE/MAX Camosun
Victoria, BC
Cell: 250-217-4600
Toll Free: 1-877-478-9600
WEB: www.lornetuplin.com 
           www.houseseek.com 
RE/MAX Awards: Lifetime Achievement, Hall of Fame

What's Memorable About Your Home?
 
Chances are, there is a characteristic of your property that everyone remembers, appreciates, and maybe even envies. It could be a spacious kitchen with an island and upgraded appliances... or a stunning backyard with a wrap-around deck and beautiful landscaping... or rustic hardwood floors that contrast with elegant, high-end ceramics.
Whatever it is about your property that people tend to like and remember, will also appeal to potential buyers. So, when listing your home for sale, make sure to emphasize that characteristic. 

When buyers view homes, they tend to remember just one, or sometimes up to two or three features of each property. "Oh, that's the house with the large rec room and bar." Or, "That's the property with the gorgeous landscaping." 

These are characteristics that help sell a property. Make sure you highlight them. 

However, sometimes homeowners lose perspective of what is truly appealing about their property. Ask friends to tell you what features in your home make it appealing. You might be surprised by their answers. 

As your REALTOR® I can help too. Call me.
The Problem With "Stuff"
 
The late comedian George Carlin used to have a routine called, "A place for my stuff." He was referring to the idea that, besides being a place to sleep and eat, the purpose of a home is essentially to store all the stuff you accumulate over the years.
That may or may not be true. But, if you're like most homeowners, you probably have a lot of stuff in your home... stuff in closets, and stuff in the garage. 

That’s just what happens!

The problem, however, comes when you try to sell your home. What may seem to you like a comfortable home office filled with supplies, office equipment, books and papers, may look to a buyer like an uncomfortable, small and cluttered space.

That's the problem with "stuff". Too much of it, and it gets in the way of buyers seeing and appreciating the great features of your home.

So, when you're selling your home, what do you do with all that extra stuff?

One solution is to have a garage or yard sale. (If you call it a "moving sale" you'll attract more buyers.) This is a great way to get rid of the things you don't need anymore – and, perhaps, make a few dollars!

Another solution is to give some of the items you don't need anymore to charity. There are many local organizations that can make good use of second hand clothing, furniture, and toys. 

Finally, for all of the things you want to hang on to, but are cluttering up your home, consider renting a locker at a self-storage company. 

One thing is for certain. The more spacious and comfortable each room of your home appears to potential buyers, the more likely it is that they'll see the true value of your property and become interested.

Want more tips for selling your home quickly and for the best price? Call me today.
What's Great About Your Neighbourhood?
 
When potential buyers view your home, they are just as interested in the surrounding area as they are in the property itself. So, before listing your home on the market, it makes sense to think about your neighbourhood and its key characteristics.

Here's a good way to do that:

Imagine a relative from out-of-town coming to visit. She may say that she likes your neighbourhood, and wants to know what you enjoy most about living there.

How would you answer? 

Would you talk about the friendly neighbours? Would you list the community events? Name all the local shopping? Describe the nice restaurants within walking distance? Or tell her about the local playground?

There are probably many things about your neighbourhood that make it great. What are the top three? Those are probably characteristics of the area that most buyers will want to know.

Your neighbourhood is a key selling feature of your property. I can make sure potential buyers understand its best features.That's why it's important to have me by your side, as your REALTOR®. Call today.

Market Report for May 2017

 

Victoria Real Estate Market Continues Trend of Low Inventory, High Demand

"This month we have seen an increase in inventory - which means that buyers have more choice - and it means that now in some areas sellers are competing for buyers," says 2017 Victoria Real Estate Board President Ara Balabanian.

There were 1,896 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of May 2017, an increase of 12.2 per cent compared to the month of April, but 21.2 per cent fewer than the 2,406 active listings for sale at the end of May 2016.

A total of 1,006 properties sold in the Victoria Real Estate Board region this May, 22 per cent fewer than the 1,289 properties sold in May last year. The ten year average for sales in May is 815 properties.

"There are many different market conditions inVictoria, because we have so many different neighbourhoods and different levels of demand for those neighbourhoods," adds President Balabanian. "The market won't change immediately, but we can track a shift as more inventory enters the market to meet the demand from buyers.Overall, pressure on pricing is easing because of the increase in inventory and the rate of increase of price is normalizing. As we have predicted, we are seeing the beginning of a gradual return to a balanced market in theVictoriaarea. In conditions such as the ones we see now, it's more important than ever to have an expert REALTOR® on your side whether you are buying or selling a property."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in May 2016 was $706,500. The benchmark value for the same home in May 2017 has increased by 16.8 per cent to $825,500.

 

The graphic below shows market price activity in Greater Victoria the past year

Current Mortgage Rates & Information

 

 

 
 



If you are considering selling a home, condo or townhouse, now is the perfect time to maximize on your return on investment!

 

Homes are selling quickly and in many cases for more than list price. Call me to talk about the listing process.

Direct Cell is 250-217-4600
I am never too busy for your referrals

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