Get familiar with the real estate Buying process. Buying single family homes in Vancouver is one of the largest transactions most of us will ever be involved in. Still, many people spend much less time for it than they spend while buying a vehicle. That’s because of the unfamiliarity of the process of real estate in Vancouver Canada for many of us. Meanwhile, most people don’t understand the process at all. We don’t know what questions to ask while buying single family homes in Vancouver. We may sometimes take things for granted and rely on others when we shouldn’t. So it prudent to be aware as much as possible and always ask questions to gain valuable knowledge.

Buying single family homes in Vancouver is a major event, and we take care of the processes involved and ensure you understand  each step along the way.

Stick to a price range

Before starting to look for single family homes in Vancouver is to decide your budget. Whether you are buying it for your family or you want it to be a real estate investment Vancouver. We know that many of us extend or decrease or budget depending on the availability, size, location and condition of the home. Finalizing the budget before commencing the search saves time, money and most importantly, effort. Living in Vancouver, is a dream for many foreigners, is one of the largest and diverse cities in Canada. Prices of single family homes ranges drastically from as low as CAD $1,000,000 to $30,000,000.

Factors contributing to the price of the houses are location, size, age, ammenities and supply/demand. One of the key factors in deciding your budget is how big a home do you need, which depends on how big your family is. You can find single family homes in Vancouver starting from 1000 sq feet that includes 1-2 bedrooms, to huge 12000 sq feet mansions. If a real estate investment in Vancouver is your goal, pick a home that will be easily rented out. I can help you determine what works best for you.

Mastering the One Thing will Achieve Extraordinary Results – Gary Keller

Shortlist Preferable Areas in the City

Another key factor that will sort your search and make it easy is by selecting a couple of areas in the city where you are willing to settle. And in case of real estate investment Vancouver, look where people are settling the most. It is easy for the one who has been living in the city for some years, but for the one who recently moved into the city, it is advisable for them to explore the city first for at least a few months. Observe the surroundings, traffic, parks, accessibility to schools, hospitals and markets of each area. Then based on your new found knowledge, you can shortlist your favourite areas to settle.

The bigger the size of single family homes in Vancouver, the more dollars you need to shell out is NOT always true. Yes, more sq. feet does matter, but it does not always result in more price as location trumps here. The closer the home to downtown, the more expensive it gets, irrespective to its size. For many, accessibility and vicinity of the job location matters a lot too. People do not always want to commute far distances and time is a valuable item you can’t get back.

30 Days Before Relocating to Vancouver

Now that you have taken a couple days to adjust to the idea of your new career, and wrapped your head around some moving basics; before you start packing up all your worldly possessions, put aside imperative paperwork. Even with the best of intentions to label and organize like Martha Stewart, things can still tend to go missing. So having your paperwork in order, and in a known location, will help to ease potential moving stress. Put aside imperative paperwork such as:

• Cheques (which are still required by many places for deposits etc)
• Banking papers
• Mortgage papers
• Taxes filed in the past 3-5 years
• Passports
• Voting registration
• Lease agreements
• Birth certificate and social insurance info (if not carried in your wallet)
• And a list of important phone numbers …because, lets be honest, none of us have them committed to memory anymore!

After you have all the imperatives in a safe place, ideally a brightly coloured box that is clearly labeled, begin labeling your other boxes and putting them in the appropriate rooms to begin packing, ensuring you are packing “can live without for 30 days” items so you’re not scrambling to find still needed items. Also, as you begin to pack, also begin to purge. Relocating to Vancouver is an excellent time to start fresh, and that means letting go of broken trinkets, old clothes you’ll truly never wear again, and large items you’re better off selling on Craigslist and replacing once in Vancouver. Remember …we’re on this earth to collect memories, not things!

Related Article: Why Hiring a Vancouver Condo Specialist is Important when Buying

Hiring a Buyer’s Agent Is Now Mandatory

First, let’s get clear with the two commonly used terms in this market-

Seller’s Agent- One who represents the seller (vendor) and takes the listing.

Buyer’s Agent- One who represents the buyer (purchaser) and seeks out suitable homes to view.

When choosing and buying from the available single family homes in Vancouver or planning to buy real estate investment Vancouver, quite often people visit a real estate company website and contact one of their agents with a listing they are interested in. The agent, who is a Seller’s Agent will ask you questions and explain that they can only represent the seller. They have an option to refer you to another realtor or you can find someone yourself that can show you that property. If you are interested in different properties, then that realtor can help you as a Buyer’s Agent. The Listing Agent cannot assist the Buyer in writing an offer on that home anymore. BC Real Estate Council has changed rules for this type of Limited dual agency process – Not allowed anymore. In choosing a Buyers Agent, you will need to do your online research and read up on the top recommended real estate agents in Vancouver. You can read reviews of clients for realtors in Vancouver and see how well they present themselves online. Follow up your favourites with an email for questions to engage them in a conversation. Bottom line now is that you need your own real estate Buyer’s Agent to represent your best interests in owning a home. Reach out to me now to help start you in this process.

If you are working with your own agent, you will be professionally represented by an agent who is strictly a Buyer’s Agent working for you in getting the best deal for you on the chosen homes. An agent can get you the best return on your real estate investment Vancouver. As the seller pays all the commissions, having your own agent amounts to free professional services. It is these services as a Buyer’s Agent that we are proud to offer you.

Constant search is the best way

Now that you have decided to buy a single family home in Vancouver, your search begins. One of the key factors in getting the best deal is a constant search. Why a constant search? Because good deals don’t stay on standby for long. Always remember that there are hundreds, or maybe thousands who are looking for single family homes in Vancouver at the same time with the same criteria as yours, and most of them simply grasp the first deal they find attractive. Always keep yourself updated with the trends. Many who are searching for a property make a mistake of taking a break in the search, which in turn make them lose a lot of good deals as hundreds of single family homes in Vancouver are sold and bought weekly.

Similar Blogs for Your Consideration

Ask Yourself These Questions While Viewing The Property

1. Are there severe cracks in or excessive or uneven settlement of the foundation?
2. What size and shape is the lot? Is it fully serviced with sewage, water, gas, and electrical lines?
3. Are the interior walls and ceilings solid? drywall or plaster? Is there any evidence of leaks or cracks?
4. What types of floors are beneath the carpeting?
5. Does it look like renovation work has been done? If so, are there copies of building, electrical and gas permits for this work? Plumbing work is covered by a building permit; however gas and electric work require separate permits.
6. What is the condition of the electrical wiring?
7. What type of heating system is it (forced air, radiant, etc.)? What kind of fuel is used? Is there a heat pump?
8. Are the room sizes adequate for your family’s needs? Is the layout compatible with your habits?
9. Is the kitchen suitable? Are there enough outlets and space for appliances? What about cabinets?

Related Article: Top 12 Tips for Selling Your Downtown Vancouver Condo

Don’t stress out

Finding a new single family home in Vancouver altogether is not at all an easy and instant task, you need to keep patience until you find your dream home. To keep yourself stress-free and secure for the deals, Hire an agent who’ll handle all the paperwork for you. These Buying Agents are experts in their field, relieving you from most of the stress. All that you have to do now is select your dream home from the available single family homes in Vancouver, and the rest of the procedure is all on me.  Reach out to me via email so I can answer all your questions when we meet.

Take a Look at the Newest Listings for All of Vancouver Houses

Can’t find what you’re looking for? Start your search now!

Get in Touch with Andrew Now… Quick and Easy!

Home sales for Vancouver Real Estate Market Report March 2018 as reported by Phil Moore, the new REBGV president.

“We saw less demand from buyers and fewer homes listed for sale in our region in the first quarter of the year,” Phil Moore, REBGV president said. “High prices, new tax announcements, rising interest rates, and stricter mortgage requirements are among the factors affecting home buyer and seller activity today.”

Fewer Listings and Home Sales in the First Quarter – Vancouver Real Estate Market Report March 2018

The Vancouver Real Estate Market Report March 2018 in Metro Vancouver, sales were 23% below the 10 year March average. The sales-to-active listings ratio for March 2018 in Vancouver was 30%. By property type, Detached Homes: 14.2%, Townhouses: 39.9%, and Condos: 61.6%. Analysts suggest downward pressure on home prices occur when the ratio falls below the 12% mark for a sustained period. And an upward pressure when it remains over 20%. Total number of properties currently listed for sale in March 2018 is 8,380 on the MLS in Metro Vancouver. The MLS saw an increase of 10.5% compared to March 2017 (7,586) and a 7.1% increase compared to February 2018 (7,822).

A Look at the Vancouver Housing Stats

Your Vancouver Real Estate Market Report March 2018 median sales price of Condos in Vancouver was at $751,250 up 17.4% from a year ago. Townhouses in Vancouver median sales price $1,210,000 up 2.3% from a year ago.  Detached Homes in Vancouver median sales price was $1,910,000 up 5.5% from a year ago. Total March 2018 inventory: Vancouver Condos 919 down 15.6% from a year ago. Townhouses 207 up 19.0% from a year ago, and detached homes 1,518 up 13.8% from a year ago.  The average time a Vancouver property was on the market is 23 days, down 14.8% from a year ago.

Vancouver House Neigbourhoods to Keep an Eye on

Select pockets on the Westside Vancouver are taking longer to sell these days, know that some good deals will happen. Keep your eyes open for homes in the Kerrisdale and Shaughnessy areas as sellers are wanting to sell. Want a great neighbourhood and amazing schools, these areas will suit your needs completely.

Vancouver Housing Stats That are Important to You

The Townhouse Market HPI – Live Feed

Average Days on Market – All Properties

What Does this All Mean – Vancouver Real Estate Market Report March 2018?

Analyzing all this data can be confusing, each neighbourhood is going to be different from the other.  Let me be your guide to understanding the Vancouver real estate market and your neighbourhood much better with a detailed report.  Reach out to me now to help you with your real estate needs.

What Does this Mean if you are Buying a Property in Vancouver?

These times in Vancouver purchasing a property can be challenging.  Condos and Townhouses especially, have been in the hot seat for the last year, with 5 out of every 10 homes selling these days, you are sure to go up against competitive buyers wanting the same property you want.  Detached single family homes have slowed down due to affordability, with 1 out of every 10 homes selling these days, buyers are able to be more selective with the homes they want knowing there is minimal competition out there.

With having an ample supply of statistics for solds and active properties I can best help you with an offering price that would most likely get you the property you want on your terms and conditions. Lets start this process today, reach out to me now to discuss your options.

What Does this Mean if you are Selling a Property in Vancouver?

Think back to 3 years ago when anything and everything that went on the market for detached single family homes, sold. That market has changed today, many home owners are now staging their property to get its full potential value. On average, detached single family homes are selling for 95.5% of the asking price. Condos and Townhouses are experiencing more interest than detached single family homes due to affordability.

Realtors have to be on the ball with having skill and techniques to maneuver through the many facets of home selling, it’s not as easy as just putting a sign on the lawn expecting a mad rush of buyers at an open house these days.  Relying on and trusting your realtor to get you the most amount of money is critical for you to ensure you move on to where you need to go.  Allow me to show you some of my clients testimonials, it speaks very clear on my performance. No two transactions are alike, and you need someone who’s on the top of their game to help you. Get in contact with me today to start this process, Find out what your home is worth.

Real Estate Terms You Should Know

Not Your ‘Average’ Price

The HPI benchmarks represent the price of a typical property within each market. The HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. These features become the composite of the ‘typical house’ in a given area.

Each month’s sales determine the current prices paid for bedrooms, bathrooms, fireplaces, etc. and apply those new values to the ‘typical’ house model.

Get in Touch with Andrew Now… Quick and Easy!

Home sales for Vancouver Real Estate Market Report February 2018 as reported by Jill Oudil, REBGV president.

“Rising interest rates and stricter mortgage requirements have reduced home buyers’ purchasing power, particularly for those at the entry level of our market,” Jill Oudil, REBGV president said. “Even still, the supply of apartment and townhome properties for sale today is unable to meet demand. On the other hand, our detached home market is beginning to enter buyers’ market territory.”

Demand of Home Buyers – Not So Hot this Month – Vancouver Real Estate Market Report February 2018

Home sales for Vancouver Real Estate Market Report February 2018 in Metro Vancouver dipped below the 10 year February average. The sales-to-active listings ratio for February 2018 in Vancouver was 28.2%. By property type, Detached Homes: 13%, Townhouses: 36.7%, and Condos: 59.7%. Analysts suggest downward pressure on home prices occur when the ratio falls below the 12% mark for a sustained period. And an upward pressure when it remains over 20%. Total number of properties currently listed for sale in February 2018 is 7,822 on the MLS in Greater Vancouver. The MLS saw an increase of 3% compared to February 2017 (7,594) and a 12% increase compared to January 2018 (6,947).

A Look at the Vancouver Housing Stats

Your Vancouver Real Estate Market Report February 2018 median sales price of Condos in Vancouver was at $785,000 up 22.5% from a year ago. Townhouses in Vancouver median sales price $1,144,000 up 10.5% from a year ago.  Detached Homes in Vancouver median sales price was $2,065,000 down 9.4% from a year ago. Total February 2018 inventory – Vancouver Condos 851 down 23.7% from a year ago, Townhouses 201 up 14.2%, and detached homes 1,436 up 9% from a year ago.  The average time a Vancouver property was on the market is 25 days, equal from a year ago.

Downtown Vancouver Condo Niche to Watch Out For

Being an expert in the Vancouver Condo market, I get to see what happens daily. I am able to use tools to identify hot spots that are a benefit to you. With Predictive Analysis, Artificial Intelligence, and a personal understanding of the markets. I offer my opinion on the Vancouver Condo Hot Spots i feel will be a great buy. Yaletown Lofts and Coal Harbour Penthouses.

Vancouver Housing Stats That are Important to You

The Townhouse Market HPI – Live Feed

Average Days on Market – All Properties

What Does this All Mean – Vancouver Real Estate Market Report February 2018?

Analyzing all this data can be confusing, each neighbourhood is going to be different from the other.  Let me be your guide to understanding the Vancouver real estate market and your neighbourhood much better with a detailed report.  Reach out to me now to help you with your real estate needs.

What Does this Mean if you are Buying a Property in Vancouver?

These times in Vancouver purchasing a property can be challenging.  Condos and Townhouses especially, have been in the hot seat for the last year, with 5 out of every 10 homes selling these days, you are sure to go up against competitive buyers wanting the same property you want.  Detached single family homes have slowed down due to affordability, with 1 out of every 10 homes selling these days, buyers are able to be more selective with the homes they want knowing there is minimal competition out there.

With having an ample supply of statistics for solds and active properties I can best help you with an offering price that would most likely get you the property you want on your terms and conditions. Lets start this process today, sign up below, to discuss your options.

What Does this Mean if you are Selling a Property in Vancouver?

Think back to 2 years ago when anything and everything that went on the market for detached single family homes, sold. That market has changed today, many home owners are now staging their property to get its full potential value. On average, detached single family homes are getting 97.2% of the asking price. Condos and Townhouses are experiencing more interest than detached single family homes due to affordability.

Realtors have to be on the ball with having skill and techniques to maneuver through the many facets of home selling, it’s not as easy as just putting a sign on the lawn expecting a mad rush of buyers at an open house these days.  Relying on and trusting your realtor to get you the most amount of money is critical for you to ensure you move on to where you need to go.  Allow me to show you some of my clients testimonials, it speaks very clear on my performance. No two transactions are alike, and you need someone who’s on the top of their game to help you. Get in contact with me today to start this process, Find out what your home is worth.

Real Estate Terms You Should Know

Not Your ‘Average’ Price

The HPI benchmarks represent the price of a typical property within each market. The HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. These features become the composite of the ‘typical house’ in a given area.

Each month’s sales determine the current prices paid for bedrooms, bathrooms, fireplaces, etc. and apply those new values to the ‘typical’ house model.

Get in Touch with Andrew Now… Quick and Easy!

Steady Sales and Diminished Listings Characterize Vancouver Real Estate Market Report December 2017

Home sales for Vancouver Real Estate Market Report December 2017 in Metro Vancouver were 9.7% above the 10 year sales average. The sales-to-active listings ratio for December 2017 in Vancouver was 18.3%: by property type, detached homes: 11%, Townhouses: 24.9%, and Condos: 56.6%. Analysts suggest that downward pressure on home prices occur when the ratio falls below the 12% mark for a sustained period, and an upward pressure when it remains over 20%. Total number of properties listed for sale in 2017 (54,655) on the MLS in Greater Vancouver decreased 5.1% compared to 2016 and a 4.5% decrease compared to 2015.

“It was a steady year for home sales across the region, led by condominium and townhome activity, and a quieter year for home listings,” Jill Oudil, REBGV president said. “Metro Vancouver home sales were the third highest we’ve seen in the past ten years while the home listings total was the second lowest on record for the same period.”

A Look at the Vancouver Housing Stats

Your Vancouver Real Estate Market Report December 2017 median sales price of Condos in Vancouver was at $717,000 up 15.6% from a year ago. Townhouse in Vancouver median sales price $1,189,000 up 28.3% from a year ago.  Detached single family homes median sales price was $1,970,000 up 1.8% from a year ago. Total December 2017 inventory: Vancouver Condos 650 down 31.7% from a year ago, Townhouses 169 up 18.2%, and detached homes 1,140 up 9.9% from a year ago.  The average time a Vancouver property was on the market is 27 days, down 25% from a year ago.

Downtown Vancouver Condo Niche Secret Selections

Being an expert in the Vancouver Condo market, I get to see what happens daily and am able to use tools to identify hot spots that are a benefit to you. Between Predictive Analysis, Artificial Intelligence, and a personal understanding of the markets, I can give you my opinion on the Vancouver Condo Hot Spots i believe will be a great buy: Yaletown Lofts and Coal Harbour Penthouses.

Vancouver Housing Stats That are Important to You

The Townhouse Market HPI – Live Feed

Average Days on Market – All Properties

What Does this All Mean – Vancouver Real Estate Market Report – December 2017?

Analyzing all this data can be confusing, each neighbourhood is going to be different from the other.  Let me be your guide in understanding the Vancouver real estate market and your neighbourhood much better with a detailed report.  Reach out to me now to help you with your real estate needs.

What Does this Mean if you are Buying a Property in Vancouver?

These times in Vancouver purchasing a property can be challenging.  Condos and Townhouses especially, have been in the hot seat for the last year, with 6 out of every 10 selling these days, you are sure to go up against competitive buyers wanting the same property you want.  Detached single family homes have slowed down due to affordability, with 2 out of every 10 homes selling these days, buyers are able to be more selective with the homes they want knowing there is less competition out there.

With having an ample supply of statistics for solds and active properties I can best help you with an offering price that would most likely get you the property you want on your terms and conditions. Lets start this process today, sign up below, to discuss your options.

What Does this Mean if you are Selling a Property in Vancouver?

Think back to 2 years ago when anything and everything that went on the market for detached single family homes, sold. That market has changed today, many home owners are now staging their property to get its full potential value. On average, detached single family homes are getting 97.2% of the asking price. Condos and Townhouses are experiencing more interest than detached single family homes due to affordability.

Realtors have to be on the ball with having skill and techniques to maneuver through the many facets of home selling, it’s not as easy as just putting a sign on the lawn expecting a mad rush of buyers at an open house these days.  Relying on and trusting your realtor to get you the most amount of money is critical for you to ensure you move on to where you need to go.  Allow me to show you some of my clients testimonials, it speaks very clear on my performance. No two transactions are alike, and you need someone who’s on the top of their game to help you. Get in contact with me today to start this process, Find out what your home is worth.

Real Estate Terms You Should Know

Not your ‘Average’ price

The HPI benchmarks represent the price of a typical property within each market. The HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. These features become the composite of the ‘typical house’ in a given area.

Each month’s sales determine the current prices paid for bedrooms, bathrooms, fireplaces, etc. and apply those new values to the ‘typical’ house model.

Get in Touch with Andrew Now… Quick and Easy!