A New Place To Call Home
There are some big changes happening this year regarding government tax and grants for home-buyers.
HST is finished April 1, 2013. What does this mean for buying a home? After HST has gone there will be the regular GST (5%) and a NEW Transitional Tax (2%) from April 1, 2013 to March 31, 2015.
Click Here for the Full Ministry of Finance Tax Package
Click Here for info from The B.C Real Estate Association.
The $10,000 New Home-buyers Grant also ceases April 1, 2013. Those of you who were hoping to apply for this grant must step up the search for your perfect home and apply as early as possible.
Click Here for Eligibility and more info on the $10,000 New Homebuyers Grant
Have you had your property on the Market for a while with no serious interest? Here are some tips from James to start the New Year off fresh and ready!
Re List – Re listing your property with a new MLS # will give your home a fresh start, shuffle photos (or take new ones), add a virtual tour, change up the description; all of these things can give your listing a new look to buyers just starting on the hunt for their new home.
Re Assess – Walk around you property with an objective eye and think about what you would like to see in a property ready for the Market. Do the carpets need to be steam cleaned or replaced? Is the paint scuffed, chipped, or dull? Is there a lot of clutter (family pictures, knick-knacks, furniture, books,etc…) ? Is your furniture making it hard to navigate or easily walk through your home? The list below will allow you to check off what might need to be updated to get your property sold quick!
– Update Flooring: whether you clean your carpets or install hardwood, flooring is often the deal breaker at showings.
– Freshen up the Paint: if your paint is dirty or dull put a fresh coat on in a bright new color to make your home inviting.
De-clutter – Often great properties are over looked because clients can’t see past the stack of magazines or the 10 counter appliances. Think like home style magazines: Less is More. The less distractions from individual items will allow buyers to see the property as a whole and they will more easily imagine themselves living there. Check out our blog on getting rid of unwanted items.
Showings – Bright, Welcoming, and Clean. These are 3 things to really live by when prepping your home for a showing.
– Open all the blinds
– Turn on ALL the lights (make sure they all are working and have light bulbs
– Fresh scent (if you notice the salmon you had for dinner last night is still lingering in the air, give the rooms a quick mist with air freshener. Click here for some natural quick air freshening ideas.
– Relaxing decor
– Put all small personal items ‘out of sight’ in a drawer or cupboard
– Smile! Being welcoming and friendly is the first impression the buyer will get of your property so make it a positive one!
Check out our previous blog ‘Top Tips to Sell Your Home’ for great links to professional paint advice from Benjamin Moore, Cleaning Tips, Home Staging ideas, and more!
The Market noticeably slowed in the Fall of 2012, and Sales were down 33% compared to Nov & Dec of 2011. The 2012 year in all decreased in Sales by 22.7%.
December 2012 Market Stats from the Real Estate Board of Greater Vancouver
Greater Vancouver residential property sale and listing activity below 10-year averages in November
Over the past six months, the Greater Vancouver housing market has seen a reduction in the number of homes listed for sale, a gradual moderation in home prices and a decrease in property sales compared to historical averages.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 1,686 on the region’s Multiple Listing Service® (MLS®) in November, a 28.6 per cent decline compared to the 2,360 sales in November 2011 and a 12.7 per cent decline compared to the 1,931 home sales in October 2012.
November sales were 30.3 per cent below the 10-year November sales average of 2,420…
Click Here for Full Stats Package
Click Here for Full Article
New Westminster is becoming a bustling city centre for those looking for modern Vancouver convenience with a historic Victorian feel…and here are some great new developments that are coming up.
BrickStone Walk Two: Townhomes from $189,900 to $449,900. Nu-Gen Projects Ltd. introduces BrickStone Walk 2, a fresh Townhome concept in New Westminster. With 5,000 sq.ft. of beautifully landscaped courtyard and the convenience of city living surrounded by a serene suburban feel. The Townhomes combine the rich heritage of the Royal City with the modern convenience you want in your home.
NorthBank: Ballenas Project Management brings modern Condo & Townhomes starting at $261,900. Along the riverfront in the geographic centre of Metro Vancouver is New Westminster – a progressive city packed with urban conveniences and touches of Victorian charm. Standing proud on the terraced hilltop gives every Northbank home long, significant views – from the tranquil Fraser River to the distant snow-capped mountain ranges.
Trapp + Holbrook: 100 Condos under $299,900. One of the tallest buildings on Columbia Street during the Edwardian Era, the Trapp block formerly housed a warehouse and offices. Additions in 1913 offered a striking new facade with unique windows and handsome terra cotta tiles. The adjacent Holbrook building, a hotel and saloon, was constructed in the 1880s and rebuilt in brick, after the great fire of 1898. Today, the Trapp and Holbrook blocks remain as much of a landmark in the fabric of New Westminster’s historic district today as they did over 100 years ago. The historic Downtown district is evolving with the transformation of the Trapp and Holbrook blocks. This is the next great urban opportunity.
Elliot Street: Elliot Street is the most attainable concrete product in the Lower Mainland. With the Best Value in Metro Vancouver starting at just $159,900! Elliot Street Blog Post.
The Dominion: Ledingham McAllister is proud to introduce Dominion, our latest collection of residences coming soon to 6th and Royal in New Westminster. Ledingham McAllister continues its tradition of building the lower mainland.
New Westminster Civic Centre: The civic centre will include a 350-seat theatre with flexible seating to accommodate a variety of productions, conference/ meeting space, art studios, an art gallery, tourist information centre, The City Museum & Archives, and The Canadian Lacrosse Hall of Fame.
Uptown and Fraiserview:
The Viceroy: Viceroy Condos is a new condo and townhouse project by Bosa Properties Inc. and BlueSky Properties currently under construction at Belmont St in New Westminster. The project is scheduled for completion in 2014. Available condos/townhouses range in price from $289,900 to over $563,900. The project has a total of 188 units.
Victoria Hill: Victoria Hill is New Westminster’s most exclusive new community. A blend of distinctive yet cohesive neighbourhoods including landmark towers, townhomes, low-rise residences, and communal shops & services. A private paradise for a privileged few.
This master planned community includes The Grove, Whittaker, Parkside, Carlyle, Glenbrooke, Victoria Hill Lowrises, Victoria Hill Luxury Highrise Residences, and Future Phases as well.
As always if you have any questions about the New Developments or New Westminster Real Estate give us a call!