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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 ...

REBGV Market Stats - November 2023

December 11th, 2023
Balanced conditions come to the Metro Vancouver housing market for the holiday season With one month left in 2023, a steady increase in housing inventory is offering home buyers across Metro Vancouver 1 among the largest selection to choose from since 2021. The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales 2 in the region totalled 1,702 in November 2023 ...

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 ...

A Gentle Reminder About Keys

November 28th, 2023
So, we just finished giving the keys on our latest sale on westminster hwy.  This marks the third deal in a row where we required a locksmith.  Not that its anyones fault, but looks like there is new hindsight that we've been seeing recently.  As technology arises, a lot of locks are adding the feature of being electric, with keypad options or wi-fi operated.  And many people depend on these ...

Outstanding things that can happen upon Possession

November 20th, 2023
So we just did a possesion on our latest sale at Westminster Highway, and here are some common things that can be overlooked on possession day -Missing keys: the contract should have a list of included keys. For a strata property, these keys should include access to common areas, mailbox keys and other ones on top of the keys to the unit itself -Outstanding deficieinces: if there were defic ...

Why mortgage expertise matters...

November 20th, 2023
So we just finished our latest deal at 8511 Westminster Hwy.However, this deal wouldn't be made possible without mortage expertise.   Ususally when i deal with a mortgage specialist, i deal with professionals that knows the ins and outs of the mortgage industry. And its also a matter of being able to think outside the box to provide options to our clients.  The one thing that i don't enjo ...

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