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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!
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 🪴
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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 ✨
How amazing is this!
Another award of excellence from Century 21 headquarters for the 3rd quarter 😭
The biggest thanks goes out to my clients for trusting me with their real estate needs 🙏🏻 I of course, couldn’t be doing it without you and I am loving every minute of it!
C: 778-554-9289
E: 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:
❶ 𝐈𝐧𝐬𝐩𝐞𝐜𝐭𝐢𝐨𝐧 – 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.
❷ 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠 – 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.
❸ 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 – 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.
❹ 𝐂𝐡𝐚𝐧𝐠𝐞 𝐨𝐟 𝐡𝐞𝐚𝐫𝐭 – ouch 💔 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.
When a deal does fall through, make sure your realtor asks why!
𝗪𝐡𝐲 𝐬𝐡𝐨𝐮𝐥𝐝 𝐲𝐨𝐮 𝐤𝐧𝐨𝐰?
If it fell through on inspection, sometimes you’ll be able to find out what the defect was and make a better decision yourself.
And that’s all for your Thursday real estate education lesson 📝
𝐂: 778-554-9289
𝐄: lisa.nicole@c21.ca
𝗪: lisanicolerealestate.com
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.
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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 REALTORS® (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 REALTORS® 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.
“We 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,” notes Cruickshank.
“We 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,” adds Cruickshank.
“The 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,” 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: 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. 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! 🙏🏻
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: lisa.nicole@c21.ca
✨ NEW LISTING 📍 #304-880 Wordsworth Avenue, Warfield
2 
1 
714 sqft MLS# 2464340
$219,000
778-554-9289
lisa.nicole@century21.ca
Click HERE to view listing!
SOLD SOLD SOLD!
Happy Spring 🌷 How happy are you that the snow has melted in your yard and warmer temperatures are in the forecast! It’s no surprise we’re starting to see more homes pop on the market this time of the year, but inventory is still incredibly low. In February we had around 13,000 active listings in BC – almost a record low! Whereas a healthy level is around 40,000!
There is a strong demand for real estate. There are many qualified buyers that are ready, willing and able to purchase.
Let’s get your home on the market so you can see it SOLD just like these!
Lisa Nicole
Taking You From One Stage To The Next
C: 778-554-9289
E: lisa.nicole@c21.ca
