Why is the seller selling? Well….why are you buying?

First of all, why is the seller selling is not a question that truly pertains to the sale of a property; however, that aside, if you aren’t preapred to answer the questions of “why are you buying,” than you shouldn’t be asking the questions of why is the seller selling. My two cents for today.

Over analysis of negotiations!

Don’t try to over analyse what the other party might be thinking or interpreting – just go with what you personally are comfortable with!

The buyer could care less how much you as the seller are paying in commission!

The buyer is concerned about paying market value for the property, not about the commission.

Is it worth while to low ball overpriced properties? Probably not in my opinion.

I think you are better off waiting for the seller to re-adjust their expectations versus submitting a low ball offer. It is very rare to see properties sell more than 5% off CURRENT ASKING PRICE; however, 5% off ORIGINAL ASKING PRICE is much more common. The difference between original and current asking price is the seller re-adjusting his or her expectations.

May, 2014 Victoria Real Estate sales numbers – over 700 sales!

May, 2014 we saw 714 total sales. This was the first time in 49 months we’ve had over 700 sales. What does it mean for the market going forward?

How NOT to price your home in Victoria, B.C.

The difference between pricing your home $699,900 and $700,000 is significant in terms of market exposure.

A lot of people seem to think that the area they live in is the “best?” Is it really?

Where you grow up and or live can influence your opinion of an area.

Will the Victoria, B.C. real estate market see 700 plus sales in April, 2014? Probably!

We haven’t seen a 700 sales month in 49 consecutive months! Will April, 2014 be the one we break the barrier?

Calgary Real Estate market versus Victoria, B.C. Real Estate!

Night and day difference!

The practical components of owning a rental property – appliances!

 

Expensive appliances can be both expensive and a headache to replace down the road when they start to age.