PJ Cheema & Razaik Cheema - Video Blogs & Articles

Subject to Sale Offers! How do they work?

Posted on Nov 10, 2022

Say your current home is for sale on the market and at the same time you’re looking for your next property and you find the right house in the desired neighborhood. What should you do? This is a common situation that residents of Surrey, Cloverdale, & Langley are in. One way to proceed with the purchase is through a subject to sale offer with a tim...

October 2022 - Fraser Valley Market Update

Posted on Nov 09, 2022

Real Estate Market Update for October 2022 – Here’s what’s happened!

Sales slightly up and new listings are down!

New listings went down by 3.8% and active inventory also dropped by 2.8%. What we are seeing and hearing right now is super interesting, it’s a shift in the mindset. Sellers are seeing the prices drop the past few months and they’re sayin...

Flaws in the Home Inspection?

Posted on Nov 08, 2022

After there is a home inspection and you find out there are issues with the property, what should you do? You have a couple options here.

You can negotiate for the cost of repairs as a credit to be given back to you, make a price adjustment or negotiate for the repair items to be completed by the seller. There are benefits to each of them.

Sometimes...

November Week 1 Stats - Surrey, Cloverdale & Langley

Posted on Nov 07, 2022

Here are the stats for this past week in Surrey, Cloverdale & Langley! Listings were down across the board in Surrey, Cloverdale and Langley. Surrey saw a minor drop but Cloverdale and Langley had sizeable drops for both condos and townhomes. About 50% drop in new listings from the past week! Part of this drop is due to us entering the winter real...

Selling in a Slower Market

Posted on Nov 03, 2022

In today's market, everything matters when you are selling your home even in high demand areas like Surrey, Cloverdale & Langley: from the listing price, to presentation, to how showings are done and even open houses.

Pricing effectively in today’s market is so crucial because of the market conditions. Naturally the days it takes to get your home so...

Has the market crashed?

Posted on Nov 01, 2022

Yes the market has slowed down in Surrey, Cloverdale, Langley & the rest of Fraser Valley. That is very clear with what the Bank of Canada has done, rates have gone up and the number of sales have decreased. It's slowed down from the point of time where prices were record high. That time was not normal.

Here's what people aren't talking about. This...

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