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What do home buyers want in 2023?
What do home buyers want in 2023? And what should we add to the list that YOU as a home buyer are looking for?โฃ
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I did some research on the good ole inter web and along with my own of showing buyers and these are a few hot items!โฃ
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โถ ๐๐๐๐๐๐๐ ๐๐๐๐โฃ
If your washer and dryer sit alone in the corner of your unfinished basement, it’s time for an upgrade–or at least a rearrangement.โฃ
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Especially here in the Kootenayโs with all the boats, quads, snowmobiles, and outdoor gear we collectโฆ a garage can add huge value! And, if youโve got some extra room in your garage, consider adding cabinets and shelving to transform your empty corner into a workmanโs paradise. Buyers want reimagined spaces that serve more purpose than a conventional.โฃ
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The kitchenโฆ the the most scrutinized place as potential buyers tour a home. They put a lot of focus on the kitchen and its features and functions. Not only do they want it to be updated, but 81% of buyers want a double sink and a walk-in pantry, while 77% want a central island. If walls separate your kitchen from your living space, get the sledgehammer out!โฃ
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Since the โyou know whatโ hit us, more people are working from home โ and loving it! If you donโt currently have a room thatโs designated as the office, consider turning a spare bedroom into an office when you show your home. Or even a simple addition of a desk and office chair to an unused space could have potential buyers racing to sign on the dotted line.โฃ
Lisa Nicole
Taking You From One Stage To The Next
C: 778-554-9289
E:ย lisa.nicole@c21.ca
MY 3 FAVORITE WORDS!
Handed over three sets of keys this last week and couldnโt be more excited to get my people into their homes, and just in time to decorate their tree ๐โฃ
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๐: What does title has registered mean?โฃ
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๐: On the day before or of the possession date is also the completion date. That’s when the money transfers and the title goes into the new buyers name. That means, the sale has officially completed and everyone is happy!โฃ
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If you have any questions regarding real estate I would love to help! Reach out anytime ๐โฃ
778-554-9289
lisa.nicole@century21.ca
Frequently Asked Buyer Questions!
Here are a few common questions from first time home buyers 
What else are you curious about? Email me at lisa.nicole@century21.ca or text me 778-554-9289!
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A buyers want list includes a laundry room!
If your washer and dryer sit alone in the corner of your unfinished basement, it’s time for an upgrade–or at least a rearrangement.
I spent a few bucks and brought my dated laundry room to life! All I did was basically paint, changed the light ficture, and added shelving, and plants of course ๐ชด
View this post on Instagram
So, here are a few simple ways to increase the value of a laundry room:
- Paint the walls
- Add storage solutions like shelving, cabinets or a rack to the back of your laundry room door
- Install a built-in ironing board on a wall, which can be easily stored away when its not in use
- Buy a stackable washer and dryer to create space for a folding table or additional storage
Award of Excellence โจ
How amazing is this!
Another award of excellence from Century 21 headquarters for the 3rd quarter ๐ญ
The biggest thanks goes out to my clients for trusting me with their real estate needs ๐๐ปย I of course, couldn’t be doing it without you and I am loving every minute of it!
C: 778-554-9289
E:ย lisa.nicole@c21.ca
Why do deals fall through or “crash”?
Curious on what you may not know on when/why a deal falls through? A few reason’s could be:โฃโฃ
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โถ ๐๐ง๐ฌ๐ฉ๐๐๐ญ๐ข๐จ๐ง – A defect came back that the buyer didn’t see through the initial showing that they felt was too much to take on. This could be water in walls, structural problems or maybe asbestos. โฃโฃ
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๐ข๐ง๐๐ง๐๐ข๐ง๐ – They simply could not get the financing for the home. This one is interesting. Most of the time our clients are pre-approved before the offer. That doesn’t mean it’s 100% – there are many variables such as taxes, possibly what they may have to sell their house for, etc to make a deal work.โฃโฃ
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โธ ๐๐ง๐ฌ๐ฎ๐ซ๐๐ง๐๐ – If you need financing (a mortgage) then you need insurance. If the house is uninsurable due to the condition, the deal could crash on this one too.โฃโฃ
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โน ๐๐ก๐๐ง๐ ๐ ๐จ๐ ๐ก๐๐๐ซ๐ญ – ouch ๐ This one happens once in a while. No one likes to see it but we understand this can be an emotional roller coaster. It can be easy to make decisions with your heart and not your head. That is why we are here to bring your attention and awareness throughout the process, to make sure it’s in YOUR best interest to make the purchase.โฃโฃ
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When a deal does fall through, make sure your realtor asks why! โฃโฃ
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๐ช๐ก๐ฒ ๐ฌ๐ก๐จ๐ฎ๐ฅ๐ ๐ฒ๐จ๐ฎ ๐ค๐ง๐จ๐ฐ?โฃโฃ
If it fell through on inspection, sometimes you’ll be able to find out what the defect was and make a better decision yourself.โฃโฃ
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And that’s all for your Thursday real estate education lesson ๐โฃโฃ
๐: 778-554-9289โฃโฃ
๐: lisa.nicole@c21.caโฃโฃ
๐ช: lisanicolerealestate.comโฃโฃ
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6 WAYS TO GET YOUR HOME READY TO SELL!
Not sure how to get your house ready to sell? I got you!
From cleaning and staging to repainting and depersonalizing, here are 6 things you can do to get a house ready to sell.โฃ
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July Market Update
Residential real estate sales for the month of July in the region slid down to pre-pandemic activity, reports the Association of Interior REALTORSยฎ (the Association).
A total of 1,196 residential unit sales were recorded across the Association region, marking a 33.3% decrease compared to the number of units sold during the hot market of July 2021.
“Seasonally, it is not out of the ordinary to see a dip in sales in the summer, although real estate market activity across most regions in the province was below average last month, not just within the interior. A number of factors, or even a combination of factors such as the interest rate hikes, recommencement of travel and the school break could all be reasons consumers pushed pause on their real estate plans as they focused on enjoying the hot summer days.” – Association of Interior REALTORSยฎ President Lyndi Cruickshank.
New residential listings saw a welcomed upswing of 8.1% within the region compared to the same period last year with 2,488 new listings recorded. The overall active listings also saw a healthy injection with an increase of 56.8% compared to July 2021 totalling 7,698 listings currently on market.
โWe are seeing inventory starting to accumulate, slowly moving upward to healthier levels of inventory, which is a welcomed relief for prospective buyers. However, the higher mortgage interest rates are still impacting the real estate market with some home buyers finding it more difficult to qualify for mortgages,โ notes Cruickshank.
โWe will have to see what the Bank of Canada does come September. Hopefully, we will see fixed mortgage rates come down and bring some relief for buyers, particularly first-time buyers. Any interest rate relief may see an increase in sales activity returning to the market over the fall months,โ adds Cruickshank.
โThe Kootenay region is one of the most affordable regions in the province currently. While unit sales numbers have dropped below the seasonally adjusted levels, unlike other regions in the province, the numbers indicate continued demand for residential homes in the region,โ says Cruickshank.
There were 466 new listings recorded in the Kootenay and Boundary region in July 2022 marking an increase of 0.9% compared to July 2021. The overall active listings in the Kootenay and Boundary region jumped 14.7% with 1,319 listings overall.
Contact me anytime for more info or to talk about real estate!
C: 778-554-9289
E:ย lisa.nicole@c21.ca
June Market Update!
We saw this coming! Due to the recent mortgage rate interest hikes real estate sales for the month of June in the region have slowed down. ย Average prices have plateaued since the start of 2022, and we know that our region provides buyers with more affordable options. Our sales performance in June makes us one of the few markets in the province that have not been heavily impacted by the recent interest rate increase. For monthly market updates, sign up to my newsletter HERE.
OPEN HOUSE FUN!
HOW TO OPEN HOUSE! Got creative and had fun with this one!
Always putting in the extra effort for my clients! ๐๐ปโฃโฃ
This home is now SOLD! If you are looking to list your home and wanting inventive, fresh marketing techniques – then I am your gal for the job!
Taking You From One Stage To The Next
C: 778-554-9289
E:ย lisa.nicole@c21.ca
