August 2022 - Week 1 Stats for Surrey, Cloverdale, & Langley
Posted on Aug 07, 2022
Here’s what happened in the 1st week of August in the Surrey, Cloverdale & Langley housing market!
In comparison to last week of sales for all 3 property types, we have seen little more activity. That means more number of sales reported. Maybe everyone is getting use to the interest rate and the market condition. But as far as listings are concerned...
3 Pricing Strategies When Listing Your Home
Posted on Aug 04, 2022
Today we’re talking about why strategically pricing your home when listing, is one of the most important factors to selling.
There are 3 pricing strategies that can work for your circumstance:
1) We go for the highest possible price; we want to break all the records. It’s the needle in the haystack strategy. In today’s market most of the homes sit on...
July 2022 Real Estate Market Update for the Fraser Valley
Posted on Aug 01, 2022
Here is the real estate market update for the Fraser Valley in July 2022!
For the 4th consecutive month, property sales have dropped! This was something we noticed in our weekly market stats as it was a 22.5% drop from June 2022. We have seen weaker buyer demand these past few months and part of that is due to the increase in interest rates.
New list...
July 2022 - Week 4 Stats for Surrey, Cloverdale, & Langley
Posted on Jul 31, 2022
Here’s what happened in the 4th week of July in the Surrey, Cloverdale & Langley housing market!
This week was similar in comparison to last week in terms of sales for all 3 property types. The biggest change was in the number of new listings for all the property types in Surrey, Cloverdale & Langley.
If we compare the numbers with June to now, both...
Mandatory Cooling Off Period Will Go Into Effect in BC
Posted on Jul 26, 2022
The BC Government announced a Homebuyer Protection Period (HPP), also known as a “cooling off period,” to take effect on January 1, 2023. Here are the details:
This protection period ONLY applies to offers that are unconditional – offers that do not have clauses/subjects such as subject to financing and subject to inspection. If you have an accepted...
Seller Myth: A First Strong Offer Means You Priced Too Low...
Posted on Jul 25, 2022
There are always a few real estate myths floating around out there. And if you’re selling a home right now, this is definitely one you don’t want to fall for!
Here’s the myth: A first strong offer means you priced too low.
On the surface, this makes sense. When your first offer comes through and it’s a good one, you might be wondering if you’re missi...