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REAL ESTATE

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To say the least, we live in uncertain times. That said, I still have clients who need to sell or buy a home right now. I also have clients ready to buy and sell when the impact of the pandemic and the need for social isolation is over. If you have decided to sell your home either now, or in the future, there are several things that will maximize your home’s appeal to potential buyers and get your house sold COVID pandemic, or not!

1. Paint The Walls in Neutral Tones
A new coat of paint will leave each room looking fresh. and choosing neutral tones appeals to a wide audience, creating a blank slate for potential buyers to picture the space as their new home.

Taking the time to touch up scuff marks on baseboards and door frames will also give your home an extra polish to make it feel more move-in ready.

2. De-Clutter, De-Clutter, De-Clutter.
If a house is overflowing with stuff, not only can it make an entire room look smaller, buyers may worry that there is not enough storage for their own belongings. Start with decluttering countertops, bookshelves and window sills, and then tackle the cupboards, drawers, and closets. No space is off-limits for the eyes of a curious buyer!

Use this rule of thumb: Make sure each storage space is never more than half full, and organize what is left to look uniform and tidy. Decluttering can be tedious, but it offers the added bonus of helping you get organized for packing for your own move.

3. Fix The Small Things
This small detail can make all the difference; do a walk-through of your home and fix any loose handles. Check the drawer-pulls on cabinetry and make sure your closet doors are tracking properly. Secure shelves and check that they’re level. Be sure that there aren’t lightbulbs missing and their switches are all working. Check that the window coverings are all hanging properly.

These are some of the simplest things you can do to ensure a positive impression of your home, and when missed, may make potential buyers consider what else may be broken in your home.

4. Consider Curb Appeal
No matter how inviting the interior of your home is, potential buyers have already formed an impression before walking through the door. Increase your curb appeal by tidying up garden beds and ensuring your lawn is in good shape, add some greenery with inexpensive shrubs and bright, cheery flowers. Fix any cracks in your front steps or walkway. Painting your door a different color and adding a few flower pots to your front porch will also go a long way.

5. Keep Your Home Show Ready
Now that you’ve painted, de-cluttered, cleaned every corner, and made sure everything is in tip-top shape, you never know when a buyer may schedule a last-minute tour. Don’t leave dishes in the sink, keep the bathroom sparkling, ensure the beds are made and keep the floors free of dust bunnies. It may be inconvenient but you never know which viewing will lead to a sale!

Need help? Here are few places I’d like to recommend…

Need hardware and paint? Home Hardware – White Rock
Need paint, furniture restoration, and decorating help? The Passionate Home – Langley
Need to do some gardening? Art Knapps – Surrey

Please take good care,

Mike Wilson
Remax Treeland
604-533-3491
mike@fvlifestyle.com

Photo: Livabl 

The COVID-19 Pandemic is presenting challenges for almost every industry including the real estate industry. That said, I have had the opportunity to show a few homes for clients during the shutdown. Open Houses are not happening, bur showings can continue.

Here are the steps I am taking to ensure buyers and sellers remain safe during home showings.

Expanded services for both real estate buyers and sellers…

For Sellers

  • I will be present for all showings (seller leaves)
  • Protective gloves for buyers while viewing your property
  • Limiting buyer’s to 2 people maximum while viewing your property (plus buyer’s realtor)
  • Minimum 24 hours notice before a showing
  • Buyers and buyer’s agent must complete a health form questionnaire prior to viewing your property (provided by me)
  • I will dispose of all protective gloves at the end of the showing
  • Messaging sellers when the showing is complete
  • Offer “Skype Style” showing upon request
  • Offer an online paperless option for contract
  • As I said above, I will not be offering Open House as a marketing tool as recommended by FVREB and CREA

For Buyers

  • Arrange showings where sellers are not present on the property (Social distancing)
  • Provide protective gloves and sanitizer for buyers/clients
  • Offer video walk-through “Skype” upon request
  • Offer an online paperless option for contract

Please take good care,

Mike Wilson
Remax Treeland
604-533-3491
mike@fvlifestyle.com

Sales have returned to above-average levels

If you are a homeowner watching the Real Estate market in the Fraser Valley, you may have noticed that 2019 finished strong after a comparatively lackluster year. Early in the year, we were still undergoing the impact of the stress test that was introduced in 2018, but with steady job growth and a stable economy, sales have returned to above-average levels in our region.

January 2020 was active

January was an active month in the local Real Estate market. I even had multiple offer situations. That said, this might be a good time for homeowners to consider selling because of increasing demand and a limited supply of houses for sale. Some homeowners in our region who were thinking about selling have been waiting for prices to rise a little and that time is now!

Lower Interest Rates

There are a few factors at work that are contributing to the potentially lower interest rates and that will impact the market too. The current pressure on “bond market yields” is an indicator that the banks will continue on a trend to lower interest rates. Long term rates will likely come down as the banks look to secure long term mortgage lending, as opposed to short term mortgage lending. (see below) Currently, international concerns regarding the Coronavirus are contributing to this downward trend too.

An interesting note regarding long term mortgages

In the past, long term mortgages have been considered to have very restrictive terms of repayment, so people shy away from them. Legitimate concerns about early payout penalties, large upward interest rate shifts, during the mortgage term have made these unpopular choices for buyers.

Changes to longer-term mortgages

Did you know that after five years in any mortgage term lenders can no longer charge the “interest rate differential penalty”? The maximum penalty is a three-month one-time penalty. This is a great new safeguard should you choose a long term rate. Also, you are still able to “portable” your mortgage to your next home in most cases.

Questions

If you want to know more, I can arrange for all your questions to be answered by a trusted mortgage professional.

Regards,

Mike Wilson
Remax Treeland
604-533-3491
mike@fvlifestyle.com

Photo by Francesca Tosolini on Unsplash

Medallion AwardFraser Valley Real Estate Medallion Award Mike Wilson

I am honored to announce that I have qualified for the 2019/2020 Fraser Valley Real Estate Boards “medallion award.”

Experience

Based on my 32 years of real estate experience, I have an in-depth knowledge of the subtleties of purchasing and selling real estate in the Fraser Valley and I take professional and personal pride in keeping my clients up to date on marketing trends.

Welcome to the Club!

The Medallion Club is an annual acknowledgment from the Fraser Valley Real Estate Board that recognizes the top professionals. To achieve Medallion Club status, you must be in the top 10% of all members in terms of your combined listings, sales, and dollar volume for the year.

Thank you!

Thank you to all of my valued clients, customers, and referral partners, for your continued support. This award and the other ones that I have received are really secondary to doing business with you!

Please take good care,

Mike Wilson
Remax Treeland
604-533-3491
mike@fvlifestyle.com