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Update for Richmond for February 2024

March 7th, 2024
So here;s a look on whats been happening in our hometown of Richmond, BC-For single family homes, benchmarch price reached 2.128 million, which represents a 3.6% growth since last year-Selling ratio for single family homes at 19% which is a significant change from last month's 11%, which is only expected to increase as the spring market comes.-The hottest neighbourhoods in all of richmond for ...

The Taboo of Property Transfer Tax

February 23rd, 2024
Working with first time buyers, especially those with a budget, have a hard time wrapping their head around Property Transfer Tax.  And because there is an exemption for first time buyers, first time buyers would do whatever it takes to avoid paying the property transfer tax.  Now when i first started real estate, it was easy to avoid paying the tax because the threshold was at moderate amoun ...

Richmond Report- January 2024

February 5th, 2024
The numbers came out for the month of January, so lets take a look at whats been happening in our hometown of Richmond, BC-For single family homes, 11% selling ratio.  Even though we've seen activity heating up, currently, its not surprising to see a decrease from December.  We're currently seeing a wave of buyers, the exact way we saw 3 weeks worth of new buyers in Septe,ber-Benchmark price ...

The Handwritten Letter

January 16th, 2024
So, look what i just got in the mail today! This is an ad that is made to look like a hand written letter from people looking to buy your home.  So why don't we take a look at what it says: "Hi There,  I'm not sure if you received my previous note, but I wanted to reach out and share a google review from a happy seller... "I got a fair price for my property and am very happy with the ser ...

Richmond Update for December 2023

January 13th, 2024
Hey everyone, here are a few notes on whats been going on in our hometown of Richmond BC for the month of December, 2023-Benchmark price for single family homes is 2.11M.  This represents a 6% increase from last year-For any property less than 2M showing signs of a sellers market with a 25% selling ratio-A widespread average doesnt make any neighbourhood a hot spot, but you may want to take a ...

About your 2024 Tax Assessment

December 27th, 2023
So you;re about to receive you r property tax assessment in the mail, or if you dont want to wait or you don't receive it, you can look it up by googling "BC Tax Assessment" Here's a few quick things to know about your assessment.1. This assessment was conducted in July, which doesnt represent the current market2. This assessment is primarily for tax purposes.  Even though theyre for tax pur ...

From ours to yours...

December 27th, 2023
Today will mark the last day I will be at the office, however, I didn't want to sign off without wishing our friends in real estate a happy holiday season.  It's been an amazingly fun year, meeting lots of new people.  Also, spending time with the family was definitely not something that was overlooked in 2023.  So like you all, spending the holiday season with your loved ones.....from our fa ...

Looking to buy a property during the holidays?

December 21st, 2023
So this is a real discussion i had with clients the other day. If you want to be buying a property during the holidays, especially an older condo, the biggest ally you can have this the way you manage your time.  There will be some decent properties available in front of you, but with the disctractions of our holiday functions, this can effect the way you do your do diligence. Typically speak ...

Richmond Report - November 2023

December 5th, 2023
So heres a look of whats been happening for the month of November in our home town of RIchmond BC.-For single family homes, 13% selling ratio.  This is the second month in a row we saw the single family market in a balanced market.-However, days on the market significantly dropped from a month average on the market to two weeks.- Most popular area: terra nova with a 33% selling ratio-Last mon ...

Cheap ways to start winterizing your home

November 28th, 2023
With December here, here are a few ways to winterize your home for little money.1.  Turn off all exterior faucets.  Considering you're very welll not likely to use these until the next year so it's best to turn them off them off to prevent pipes from bursting2. Stand by your windows and doors to see if theres any cold air coming in while they're closed.  If cold air is coming in, you may want ...
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