Erica Rendell

VANCOUVER REAL ESTATE

Getting an Early Start on Selling your Home


You've probably heard the expression, "The early-bird gets the worm." It refers, of course, to those who get in early and reap the rewards. For example, if you arrive early to a retail store for a big blowout sale, you're likely to get the deals before the inventory runs out. The stragglers who come later miss out.


Well, this same wisdom can be applied to selling your home. Starting the process early — even if that means simply doing some initial planning — gives you the edge in several ways.


First of all, you get extra time for preparation. That means you can get your home cleaned, uncluttered and staged without feeling rushed. You also get more time to find out how much your property will likely sell for on today's market. That's important information, especially if you're also looking to finance a new home.


Secondly, there's less stress. You'll have more time to make the right decisions. The last thing you want is to be scrambling around, last minute, trying to get your home ready for sale.


Finally, with your initial preparations done, you'll be able to put your home on the market at a moment's notice. That's a huge advantage that's likely to lead to selling your property more quickly and for the best price. In fact, by getting an early start on the process, you might even find that right now is the best time to list -- and you'll be able to do so, with confidence.


Want help getting an early start on selling your home? Call me.

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Buying a Home in a Competitive Neighbourhood


Imagine you’ve dreamed of living in a particular neighbourhood, perhaps for years, and then, when you're finally ready to make a move, finding out that the area is competitive and buying there is definitely a challenge.


A disappointment? Not necessarily.


There is a lot you can do to buy into a popular neighbourhood, even in competitive offer situations.


Your first step is to start targeting that area now. Find out about property types, prices and trends. In particular, you’ll need to know what price range you should be thinking about, and making sure that it’s going to fit your budget. To do that, you might need to get a determination of the Fair Market Value of your current home.


Next, begin making preparations so you can get a jump on opportunities in that neighbourhood quickly. You don't want to see a great property come on the market and not be ready to make a move. So, get your current home in order so it’s ready for a quick listing.


If possible, make arrangements to get alerted to new listings as soon as they come on the market. Keep in mind that a new listing may not appear online for several days. By getting advance notice, you can be among the first buyers to see the home and have an early advantage over other buyers.


If it's likely there's going to be competing offers for the home you want, there are many strategies that can increase your chances of winning. These involve going in at the right price, minimizing conditions to the offer, presenting the offer appropriately, and negotiating effectively.


Is there a neighbourhood you want to get into? I can help make it happen. Call today.

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I have sold a property at 5566 Chinook ST in Sardis.
Almost BRAND NEW 3 (or 4) bedroom & 4 bathroom NON-STRATA rowhome steps to UFV, the Vedder River, parks, schools, Garrison Crossing, & 5 mins to Cultus Lake! Kept in IMMACULATE CONDITION, this 2398 sq ft home features an open concept kitchen w/ stylish white shaker cabinets, stainless steel appliances, & quartz counters. Oversized living room w/ gas fireplace, and a spacious dining room- bring that 8 person table! AMAZING PATIO w/ retractable awning to take in the spectacular southern mountain views as well as Lindy's Park. Large master suite w/ full ensuite & dual vanities. FINISHED BSMT w/ full bathroom, rec room, & gym area w/ professional mats in place. This home has been recently painted, has built in speakers, b.i vac, & also features the much needed AIR CONDITIONING!
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VANCOUVER, BC – April 2, 2019 – Metro Vancouver* home sales dipped to the lowest levels seen in March in more than three decades.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,727 in March 2019, a 31.4 per cent decrease from the 2,517 sales recorded in March 2018, and a 16.4 per cent increase from the 1,484 homes sold in February 2019.


Last month’s sales were 46.3 per cent below the 10-year March sales average and was the lowest total for the month since 1986.


"Housing demand today isn’t aligning with our growing economy and low unemployment rates. The market trends we’re seeing are largely policy induced," Ashley Smith, REBGV president said. "For three years, governments at all levels have imposed new taxes and borrowing requirements on to the housing market.”


“What policymakers are failing to recognize is that demand-side measures don’t eliminate demand, they sideline potential home buyers in the short term. That demand is ultimately satisfied down the line because shelter needs don’t go away. Using public policy to delay local demand in the housing market just feeds disruptive cycles that have been so well-documented in our region."


There were 4,949 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in March 2019. This represents an 11.2 per cent increase compared to the 4,450 homes listed in March 2018 and a 27.2 per cent increase compared to February 2019 when 3,892 homes were listed.


The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 12,774, a 52.4 per cent increase compared to March 2018 (8,380) and a 10.2 per cent increase compared to February 2019 (11,590).


For all property types, the sales-to-active listings ratio for March 2019 is 13.5 per cent. By property type, the ratio is 9.4 per cent for detached homes, 15.9 per cent for townhomes, and 17.2 per cent for apartments.


Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,011,200. This represents a 7.7 per cent decrease from March 2018, and a 0.5 per cent decrease compared to February 2019.


Sales of detached homes in March 2019 reached 529, a 26.7 per cent decrease from the 722 sales in March 2018. The benchmark price for a detached home is $1,437,100. This represents a 10.5 per cent decrease from March 2018, and a 0.4 per cent decrease compared to February 2019.


Sales of apartment homes reached 873 in March 2019, a 35.3 per cent decrease compared to the 1,349 sales in March 2018. The benchmark price of an apartment property is $656,900. This represents a 5.9 per cent decrease from March 2018, and a 0.5 per cent decrease compared to February 2019.


Attached home sales in March 2019 totalled 325, a 27.1 per cent decrease compared to the 446 sales in March 2018. The benchmark price of an attached home is $783,600. This represents a six per cent decrease from March 2018, and a 0.7 per cent decrease compared to February 2019.


Click here for the full report.

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I have sold a property at 101 245 ROSS DR in New Westminster.
Gorgeous corner garden level suite with a separate walk in entrance, feels like a townhouse. Enjoy the privacy from your covered wrap around patio (175 sq ft) overlooking the beautiful heritage trees & gardens. 9 ft ceilings, brand new flooring, built-ins throughout, walk in closet, updated lighting, new hardware & fixtures, s/s appliances, refrigerator w/ ice maker, phantom retractable door screen + more. Close to Royal Columbian Hospital, shopping, parks & transit. You can catch the C3 shuttle bus almost at your door step to go to Columbia or New Westminster stations. Amenities: exercise centre, recreation centre, and theater room. It comes with secure underground parking and a storage locker. Pets and rentals allowed. Perfect for dog lovers.
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Does the Area Have What You Want?


Imagine going to a restaurant with your family for dinner. You're planning on ordering a nice pasta and salad. Your heart is set on it. But, after you go to the trouble of driving there and getting a table, you discover that pasta is not on the menu.


That’s disappointing!


Of course, it’s only a meal. You can go somewhere else next time. But, what if the same scenario played out once you had moved into a new neighbourhood? Imagine you were counting on public transit being in easy walking distance, but discovered the nearest stop is four blocks away. Argh!


That's why it's important to ensure a neighbourhood has the characteristics you want — before you make an offer on a home you like.


Think about what you want most in a neighbourhood. Consider work, commuting, schools, playgrounds, noise level, walking and cycling, hobbies, shopping, entertainment, etc.


If there is a neighbourhood feature that is very important to you, check it out for yourself. For example, if easy access to a main highway is desirable for commuting, take the route for a test drive.


You can get a lot of information on a neighbourhood through the listed property's description and MLS listing.


Want more in-depth insights into an area you're considering? I have that information. Call today.

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I have sold a property at 215 618 COMO LAKE AVE in Coquitlam.
Priced Below BC Assessed Value. Extra large 2 bedrm and den south facing corner suite with large balcony in the Emerson by Mosaic. Beautiful spacious suite w/ over height ceilings, fabulous large windows in all rooms & foodie dream kitchen with full size stainless steel appliances and composite stone counter tops. Huge master bdrm with private en suite, walk-in shower & walk in closet, second bathroom features soaker tub/showerhead. Secure underground parking & bike storage locker included. A special unit sure to tick all the boxes in booming West Coquitlam. Pets & rental allowed. Steps to the Burquitlam Skytrain station, safeway & all the new shopping and amenities. Built in 2014 w balance of 10 year warranty in place.
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Please visit our Open House at 101 245 ROSS DR in New Westminster.
Open House on Saturday, March 23, 2019 2:00PM - 4:00PM
Gorgeous corner garden level suite with a separate walk in entrance, feels like a townhouse. Enjoy the privacy from your covered wrap around patio (175 sq ft) overlooking the beautiful heritage trees & gardens. 9 ft ceilings, brand new flooring, built-ins throughout, walk in closet, updated lighting, new hardware & fixtures, s/s appliances, refrigerator w/ ice maker, phantom retractable door screen + more. Close to Royal Columbian Hospital, shopping, parks & transit. You can catch the C3 shuttle bus almost at your door step to go to Columbia or New Westminster stations. Amenities: exercise centre, recreation centre, and theater room. It comes with secure underground parking and a storage locker. Pets and rentals allowed. Perfect for dog lovers. Open House Saturday March 23rd, 2-4 pm.
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I have listed a new property at 101 245 ROSS DR in New Westminster.
Gorgeous corner garden level suite with a separate walk in entrance, feels like a Townhouse! Enjoy the privacy from your covered wrap around patio (175 sq ft) overlooking the beautiful heritage trees & gardens. 9 ft ceilings, brand new flooring, built-ins, walk in closet, updated lighting, hardware & fixtures, s/s appliances, refrigerator w/ ice maker, phantom retractable door screen + more. Close to Royal Columbian Hospital, shopping, parks & transit. You can catch the C3 shuttle bus almost at your door step to go to Columbia or New Westminster stations. Amenities: exercise centre, recreation centre, and theater room. It comes with secure underground parking and a storage locker. Rentals allowed, 1 dog or 1 cat. Perfect for dog lovers. Open House March 16/17 2-4 pm.
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Please visit our Open House at 101 245 ROSS DR in New Westminster.
Open House on Saturday, March 16, 2019 2:00PM - 4:00PM
Gorgeous corner garden level suite with a separate walk in entrance, feels like a Townhouse! Enjoy the privacy from your covered wrap around patio (175 sq ft) overlooking the beautiful heritage trees & gardens. 9 ft ceilings, brand new flooring, built-ins, walk in closet, updated lighting, hardware & fixtures, s/s appliances, refrigerator w/ ice maker, phantom retractable door screen + more. Close to Royal Columbian Hospital, shopping, parks & transit. You can catch the C3 shuttle bus almost at your door step to go to Columbia or New Westminster stations. Amenities: exercise centre, recreation centre, and theater room. It comes with secure underground parking and a storage locker. Rentals allowed, 1 dog or 1 cat. Perfect for dog lovers. Open House March 16/17 2-4 pm.
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Please visit our Open House at 101 245 ROSS DR in New Westminster.
Open House on Sunday, March 17, 2019 2:00PM - 4:00PM
Gorgeous corner garden level suite with a separate walk in entrance, feels like a Townhouse! Enjoy the privacy from your covered wrap around patio (175 sq ft) overlooking the beautiful heritage trees & gardens. 9 ft ceilings, brand new flooring, built-ins, walk in closet, updated lighting, hardware & fixtures, s/s appliances, refrigerator w/ ice maker, phantom retractable door screen + more. Close to Royal Columbian Hospital, shopping, parks & transit. You can catch the C3 shuttle bus almost at your door step to go to Columbia or New Westminster stations. Amenities: exercise centre, recreation centre, and theater room. It comes with secure underground parking and a storage locker. Rentals allowed, 1 dog or 1 cat. Perfect for dog lovers. Open House March 16/17 2-4 pm.
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Housing market conditions continue to favour home buyers


VANCOUVER, BC – March 4, 2019 – The Metro Vancouver* housing market saw increased supply from home sellers and below average demand from home buyers in February.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,484 in February 2019, a 32.8 per cent decrease from the 2,207 sales recorded in February 2018, and a 34.5 per cent increase from the 1,103 homes sold in January 2019.


Last month’s sales were 42.5 per cent below the 10-year February sales average.


“For much of the past four years, we’ve been in a sellers’ market. Conditions have shifted over the last 12 months to favour buyers, particularly in the detached home market,” Phil Moore, REBGV president said. “This means that home buyers face less competition today, have more selection to choose from and more time to make their decisions.”


There were 3,892 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in February 2019. This represents a 7.8 per cent decrease compared to the 4,223 homes listed in February 2018 and a 19.7 per cent decrease compared to the 4,848 homes listed in January 2019.


The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 11,590, a 48.2 per cent increase compared to February 2018 (7,822) and a 7.2 per cent increase compared to January 2019 (10,808).


For all property types, the sales-to-active listings ratio for February 2019 is 12.8 per cent.


Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.


“Homes priced well for today’s market are attracting interest, however, buyers are choosing to take a wait-and-see approach for the time being,” Moore said. “REALTORS® continue to experience more traffic at open houses. We’ll see if this trend leads to increased sales activity during the spring market.”


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,016,600. This represents a 6.1 per cent decrease over February 2018, a 6.2 per cent decrease over the past six months, and a 0.3 per cent decrease compared to January 2019.


Sales of detached homes in February 2019 reached 448, a 27.9 per decrease cent from the 621 detached sales recorded in February 2018. The benchmark price for detached properties is $1,443,100. This represents a 9.7 per cent decrease from February 2018, a 7.6 per cent decrease over the past six months, and a 0.7 per cent decrease compared to January 2019.


Sales of apartment homes reached 759 in February 2019, a 35.9 per cent decrease compared to the 1,185 sales in February 2018. The benchmark price of an apartment property is $660,300. This represents a four per cent decrease from February 2018, a 5.1 per cent decrease over the past six months, and a 0.3 per cent increase compared to January 2019.


Attached home sales in February 2019 totalled 277, a 30.9 per cent decrease compared to the 401 sales in February 2018. The benchmark price of an attached unit is $789,300. This represents a 3.3 per cent decrease from February 2018, a 6.7 per cent decrease over the past six months, and a 1.4 per cent decrease compared to January 2019.


Download the February 2019 Stats Package

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Staging your Home in a Hurry


Ideally you should have a week or two available before you list your property in order to stage your home and make it look its best for buyers. But, what if you listed quickly and within hours of the For Sale sign going up a buyer wants to view your property?


In that scenario, you need to do some quick "staging" to get your home ready. Let's assume your property is already clean and tidy. Here are some other things you can do.


  • ·Open the curtains, even at night. This will make each room seem brighter, more appealing and more spacious.
  • ·Pull out some boxes or storage bins. Put away personal knick-knacks (like that bowling trophy) and other personal items to reduce clutter on shelves and countertops.
  • ·Clear countertops in the kitchen and bathrooms. Put the old toaster oven out-of-sight.
  • ·Make sure lighting throughout the house is bright and comfortable. In darker areas, plug in a lamp.
  • ·Clear away as much as you can in the foyer. Make that space look open, uncluttered and welcoming.
  • ·Move cars out of the driveway. Give the buyer a convenient place to park!
  • ·Make the beds. Fluff pillows on sofas.
  • ·Clear away as many items as possible from the closet floors (such as shoes.)
  • ·Open a window and air out the kitchen, especially if you just finished cooking.
  • ·Make sure your pet is in a crate or, if possible, out for a walk. Not everyone loves pets.


These staging tips take only a few minutes each, but can make a big difference in the impression your home makes on a buyer.


Want more home selling advice? Call today.

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Please visit our Open House at 215 618 COMO LAKE AVE in Coquitlam.
Open House on Saturday, March 2, 2019 2:00PM - 4:00PM
Priced Below assessed value. Extra large 2 bedrm and den south facing corner suite with large balcony in the Emerson by Mosaic. Beautiful spacious suite w/ over height ceilings, fabulous large windows in all rooms & foodie dream kitchen with full size stainless steel appliances and composite stone counter tops. Huge master bdrm with private en suite, walk-in shower & walk in closet, second bathroom features soaker tub/showerhead. Secure underground parking & bike storage locker included. A special unit sure to tick all the boxes in booming West Coquitlam. Pets & rental allowed. Steps to the Burquitlam Skytrain station, safeway & all the new shopping and amenities. Built in 2014 w balance of 10 year warranty in place. Open House March 2 2:00-4:00pm.
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Please visit our Open House at 215 618 COMO LAKE AVE in Coquitlam.
Open House on Saturday, February 23, 2019 2:00PM - 4:00PM
Extra large 2 bedroom and den south facing corner suite with large balcony in the Emerson by Mosaic. Beautiful spacious suite w/ over height ceilings, fabulous large windows in all rooms & foodie dream kitchen with full size stainless steel appliances and composite stone counter tops. Huge master bdrm with private en suite, walk-in shower & walk in closet, second bathroom features soaker tub/showerhead. Secure underground parking & bike storage locker included. A special unit sure to tick all the boxes in booming West Coquitlam. Pets & rental allowed. Steps to the Burquitlam Skytrain station, safeway & all the new shopping and amenities. Built in 2014 w balance of 10 year warranty in place. Open House Saturday February 23 2:00-4:00 pm.
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Relocating to a Different Town or City


Moving around the corner or even across town is relatively simple because you are likely familiar with the various neighbourhoods and you can access them anytime. If there's a listed home you want to view, you can simply go see it.


Relocating to a different town or city, however, is much more challenging. It may not be possible for you to make multiple visits to see homes for sale. You may also be unfamiliar with the various neighbourhoods.


So what do you do if you want to move out-of-town or need to relocate due to work?


Your first step is to get the information you need. You'll want up-to-date data on the neighbourhoods so you can pinpoint the ones that are the best fit for your needs and lifestyle. You'll also want to get a sense of the types of homes for sale in those neighbourhoods — style, size, features, listing price, etc.


Your next step is to schedule a day to view homes. This visit must be carefully planned so you only see those properties that are likely to be of interest. You don’t want to travel all that way only to end up seeing properties you wouldn't likely buy. What a waste of time!


So, if you’re relocating, you’ll need help. Give me a call. I can help make the relocation go smoothly for you.

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.