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David's thoughts on anything real estate related


1 If it’s older than you are …. 

Many buyers can be scared off by the idea of purchasing a home that they think needs too much work.  Make your home an easy choice by keeping everything as neutral and clean as possible. Update lighting, door handles, outlets and/or light switches to ones that reflect current trends. 


2) Create a Gender-Neutral Master Bedroom

Master Bedrooms are a huge selling point so why not make yours as enticing to buyers as possible. Appeal to every buyer you can with a master bedroom that's clean and tailored. It should be free of clutter and personal items, and should be gender neutral. Not everyone will be interested in a master bedroom that's clearly masculine or feminine, so it's best to paint the walls in neutral colors and use linens that are also as neutral as possible. Avoid excessively bright colors that may turn buyers off. Neutral colors provide a nice blank pallet for potential home buyers to imagine themselves in the space.


3) Style Your Dining Room Table

If there's a room that often gets overlooked for showings and open houses, it's the dining room. Between dinners, a big table can look oversized, bare, and uninviting. A quick and easy way to make this room more appealing to potential buys, is to style it with visitors in mind. Flowers, candles, and even place settings can make this room look warm and inviting and make it more functional and interesting when buyers come through.


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What’s Hot in the Vancouver Westside condo and single family market?


Where are we seeing lots of strength in the market?


Let’s start with the condo market. The condo and townhouse market is very strong under $1M. You will probably be competing under $1M. Overall the westside condo market is really strong and favouring sellers with 33% of them sold last month. Inventory continues to come down (red dashed line). Typical of this time of year. Where are the strongest locations? The strongest locations w/ most activity for condominiums is Fairview, Falsecreek and Kitsilano. 


Now let's look at the single family market.  You can see here that the strength in the market here is under $3M.  Now let’s check the 13 month graph. Median prices are down around $300k or 10% after peaking in September. Buyers today are getting much more for their money. Where is the strongest location? The strongest location is definitely Kitsilano where 69% of the homes are selling. I have a special report on Kitsilano single family market, if you want to check out the market update page of my website.


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Thinking of selling your home? 


I wanted to share three tips for getting your home ready for the spring market. 


Tip number 1 - Use counter intelligence.  What do I mean by this?  

Buyers need to envision themselves living in your home.  

They want to see what they can put in a space and how your home can become theirs. In order to do that, they need to see clean and empty horizontal surfaces.  Less is more when it comes to counter tops. Clear unncessary items away. Maybe a nice fruit bowl in the kitchen would be suitable, or a small bouquet of flowers in the bathroom


Tip number 2 - Beat them with condition.There is a lot of competition in many housing markets. As a homeowner, the best way for you to compete is by presenting your home in the best condition. Get as many repairs done as possible before listing your home Touch up the inside walls, trims, and doors.  A simple top coat can leave any space feeling fresh and clean.


Tip number 3 - That armchair could be the difference! A good sale is often dependent on making your home appeal to the largest range of buyers.  Help buyers see the potential of your home by removing extra pieces of furniture so they can really see the space and imagine themselves in it. Placing a love seat or a sofa along a wall rather than in the middle of a living room can make a room feel larger. When in doubt, call a home stager. 

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