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Factors that affect your home in today's real estate market:

 

LOCATION: Location is the single most important factor in determining the price of your home.

 

COMPETITION: Prospective buyers compare your home against competing properties. Buyers perceive value based on recent sales and current listings.

 
TIMING: Property values are affected by the current real estate market. As the real estate market cannot be manipulated, a flexible marketing plan should be developed which analyzes current market conditions and features of the property.
 
CONDITION: The condition of the property affects the price and speed of sale. As prospective buyers often make purchases based on emotion, first impressions are important. Optimizing the physical appearance of your home will maximize the buyer’s perception of value. 

 

Wondering about the value of your home? Let me share my Real Estate expertise with you. GIve me a call today.

 

All you have to do is imagine your future . . . I'll help you find it. 

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Check out the Mount Pleasant art scene Friday, September 25th 6-10pm in a fun, interactive, self guided tour set up for YVR by artist, Jamie Smith of Thrive Art Studio. Jamie has told me that this will be the best Rove yet. If you have never been and you are even a little bit interested in art this is a fun and FREE way to spend a Friday evening in our amazing city. For more information visit the Rove site at http://www.roveyvr.com

 

 

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At the moment, most neighborhoods in Vancouver are experiencing a strong sellers market. Most buyers are aware of this fact, but there will always be buyers who, for one reason or antoher, want to make a low-ball offer.

 

One of the ways to avoid a low offer is to take care to price your home correctly — that is, at a price that is in line with what similar properties in the area have sold for recently — then you have a good chance of selling it at or near your asking price. 

Smart pricing doesn'te gaurantee you won't get a low-ball offer. You might. So what do you do when that happens?


First, understand that the buyer may not necessarily be trying to steal away your home at a bargain-basement price. He might simply be mistaken about its true market value. Of course, he might also be coming in at a low price in the hopes he’ll get lucky. Try not to take offense, buyers, like sellers, are just hoping to get the best price. 


When you get a any sort of offer, a low-ball offer included, you have three options: accept it, ignore it, counter it. 

 

You will likely never know the buyer's motives; so, it could be a mistake to get angry and dismiss the offer out-of-hand.

That low-ball offer might end up being the beginning of a negotiation that results in you selling your home at a good price.


As your REALTOR® I will help you to determine:

  • How serious the buyer is.

  • How qualified the buyer is. (For example, does he have a pre-

    approved mortgage?)

  • How amenable the buyer is to a counter-offer that reflects the true

    market value of your home.

  • What that counter-offer should be.


    It's my job to help you navigate the home selling process. Let me put my experience an expertise to work for you. 

    Call today. 


    All you have to do is imagine your future; I'll help you find it. 


    Deborah

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