Tammy's Blog

 

REAL ESTATE MARKET UPDATES

Here you will find the latest news on the Victoria Real Estate Market and Trends

 

FEATURED MLS LISTINGS

Highlighted properties for sale.

  

HOME BUYING

What buyers need to know before putting an offer in. How to navigate through the buying process.

 

HOME SELLING

Tips to Maximize the return on your investment. Getting your home ready to market for top dollar.

 

LOCAL NEWS & EVENTS

Covering community events and news, Open Houses and Real Estate Seminars.

 

SOLD LISTINGS

Listings sold by the Victoria Home Sale Team

Oct. 10, 2017

205-7865 Patterson Rd, Saanichton BC

205-7865 Patterson Rd Saanichton BC

Large 2 bedroom, well maintained with great floor plan. BBQ's allowed all year long, on your sunny south facing covered patio. With 2 full bathrooms, in suite laundry and natural gas fireplace, you'll have nothing to do but move in! Included in this Saanichton condo is 1 parking spot, storage locker, no age restrictions and pets welcome! Highly sought after location with great value, close to everything Saanichton has to offer! Call today!

For more information  Contact Tammy

Oct. 5, 2017

201 - 7088 West Saanich Rd, Brentwood Bay

201 - 7088 West Saanich Rd

Located in the heart of Brentwood Bay, this immaculate owner occupied one bedroom condo, just steps to all amenities! Featuring 9' ceilings, a generous and well laid out floor plan, custom blinds with ample closet space. BBQ's welcome on the tiled floor patio, in suite laundry with storage, functional kitchen with separate eating area. There is a games room with pool table, shared garden, outdoor gazebo area, underground secured parking stall, bike storage and separate storage on same floor. Pets welcome, no age restrictions, rentals allowed (6mo min). This is great value in a sought after location, and you will be impressed with how well this unit shows! 

 

For more information  Contact Tammy

Sept. 13, 2017

206-1831 Oak Bay Ave, Victoria BC

206-1831 Oak Bay Ave, Victoria BC

MLS 374847  Asking Price $538,000  Sold Price $500,000  Date Sold April 10, 2017

This 2 bedroom, 2 bathroom sunny south facing, corner suite has a full length, partially covered balcony to BBQ your dinner and plant your spring flowers. The Fiori is a quality steel and concrete building rich with style and functionality with top of the line finishing. Stainless steel appliances, hardwood floors, large picturesque windows, in suite laundry and 9 foot ceilings. This pet friendly, rentable unit includes one parking space and a huge storage unit. Two blocks to Red Barn and a short stroll to Government House.

 

For more information  Contact Tammy

Posted in Sold Listings
Sept. 13, 2017

1472 Banff Place, Victoria BC

1472 Banff  Place

MLS 381027  Asking Price $1,024,900   Sold Price $991,500  Date Sold September 15, 2017

Year Built 1965

Offering views of over 180 degrees with exposure to Olympic Mountains, Mount Tolmie, Mount Baker & more. Located high on top of Saanich East Cedar Hill, boasting a fabulous family layout meticulously maintained & a blank canvass that will allow you to add your decorating ideas. 3 bedrooms, 2 bathrooms upstairs  while the lower level has 1 bedroom, 1 bathroom, massive rec room w/ walkout to back patio area, double car port & close to 2300 square feet. Tranquility is an understatement for this home that is set perfectly on the street & offers extreme privacy. Walking distance to Cedar Hill Golf Course, schools, amenities.

 For more information  Contact Tammy

Posted in Sold Listings
Sept. 12, 2017

1187 Dignan Rd, Victoria BC

1187 Dignan Rd

MLS 375840  Asking Price $599,000   Sold Price $600,000  Date Sold April 10, 2017

Great for a young family with children and pets, this Brentwood Bay rancher is on a quiet cul-de-sac with fenced in back yard and a separate two car garage. Tastefully updated with open layout including wood floors, updated kitchen, pot lighting, coved ceilings, wood floors and many more features. Perfect for summer Barbecues, with large deck leading out to a grassy yard with in ground sprinkler system. 

For more information  Contact Tammy

Posted in Sold Listings
Sept. 7, 2017

107-643 Granderson Rd, Victoria BC


107-643 Granderson Rd, Victoria BC

MLS 382741  Asking Price $435,000  Sold Price $430,000  Date Sold September 15, 2017

Built 2008

Tucked away on a quiet cul-de-sac, this home offers 2 bedrooms up with a den on the lower level that could be a 3rd bedroom option or use as an office area. Well maintained townhouse in a friendly complex situated in the heart of Langford, lots of room with spacious main floor, open kitchen, granite counters and stainless steel appliances, a generous sized living room with fireplace and two eating areas. Main level has a powder room, while the upstairs offers two bedrooms, including a master ensuite & 4 piece main bathroom. A single car garage also offers some storage.

 

For more information  Contact Tammy

Posted in Sold Listings
Sept. 4, 2017

When is the Best Time to Sell a Home?

I often get asked by Sellers when the best time to put their home on the market. In my video series I will cover this topic for you. Be sure to SUBSCRIBE at the bottom of the video to be alerted when I have a new video available to watch.

 

Posted in Home Selling
July 3, 2017

Bully Offers

 

Bully Offers In a Competitive Real Estate Market

Have you ever heard of the term "BULLY OFFER" in the world of Real Estate? It is a rare term that has become much more common with the competitiveness of our market this year. With Victoria's real estate inventory levels lower that ever, the frenzy of multiple offers taking place and the urgency to view property immediately before it already has a SOLD sticker on the sign, bully offers have become a favourable choice among home buyers.

Many Sellers when listing their property for sale are often delaying when they will review offers, giving as many buyers as possible an opportunity to view the property and hopefully initiating a bidding war with several buyers on the offer date. When this happens it pushes up the price to over asking. Buyers who have been beaten on homes when competing against other buyers are having to be a bit more strategic when offering on homes and some are submitting a Bully Offer.

A Bully Offer definitely lives up to its name, basically pushing aside anything in its way in order to get the deal done to secure a property before allowing others a real chance at it. Some may call it aggressive, others a smart business move. A Bully Offer is essentially a pre-emptive offer where the buyer, in hopes of avoiding competition, would be willing to write a condition-free offer that is significantly more than the list price. If a Seller decides to accept the Bully Offer, the set offer review date would then no longer be applicable.

Because there is no guarantee of receiving offers when setting an offer review date, or at least not ones that may be as high as the Bully Offer, accepting a Bully Offer can often be in the best interest of a Seller. It is a bit of a risk however, and you will need to be someone who is ok with waiving the option of seeing if a better offer would have come in on the originally scheduled offer date. If the Seller is satisfied with the Bully Offer and it is beyond what was expected, one may be happy leaving it at that.

Fear of the unknown can often put pressure on a Seller and Bully Offers can be the icing on the cake. If a Bully Offer presents itself, it will be a conversation between the Seller and their agent to decide what the best option is for them. It is the Sellers choice whether to proceed with the offer or not.

In this hot market, offer review dates have been standard practice in the way our market has shifted. Gone are the days of offering a price for a home based on what similar homes have sold for. Buyers are paying the maximum they can afford just to secure the home they want to buy, even it if means over paying for it. This trend will continue until the market shifts and becomes a Buyers market. But for now, Buyers are forced to adapt and need to be prepared of new ways of buying a home for some time to come.

April 26, 2017

405 - 1220 Fort St, Victoria BC

 









405 - 1220 Fort St, Victoria BC

MLS 37095  Asking Price $399,900   Sold Price $399,900  Date Sold May 5, 2017

Year Built 1990

Top floor south west corner unit with high vaulted ceilings & stunning views over the city, the Olympics Mountains and the Sooke Hills. Bright and sunny 2 bed 2 bath condo has lots to offer with it's functional floor plan, lots of storage space and faces quieter side of building. Newer paint throughout, newer light fixtures. Large covered patio is perfect for all seasons and to watch the magnificent sunsets! Master bedroom has large walk-in closet and a 3 piece ensuite. Convenient location on bus route and only minutes to Oak Bay or Cook Street villages. Separate storage, secure underground parking with a well managed strata and building has new roof.

 

For more information  Contact Tammy

Posted in Sold Listings
April 26, 2017

4802 Sunnygrove Place - Saanich BC

4802 Sunnygrove Pl, Saanich BC

MLS 376594   Asking $974,900  Sold $970,000  Date Sold May 6, 2017

Year Built 1986

Many updates in this meticulously kept 4 bedroom 3 bath home situated on a quiet cul-de-sac in the highly sought after Sunnymead area. Nothing to do but move in. Bright kitchen with custom milled cabinets, breakfast bar, slate backsplash, granite sink, tiled floors. Enjoy sitting by the natural gas fireplace in the spacious living room which opens to the dining room, cork flooring which adds warmth and helps with sound proofing. Hardwood floors in upper bedrooms & hallway. Kitchen & Master bed open to back yard patio area, that overlooks the beautifully landscaped yard. Downstairs you have a no step entry to a large & bright 1 bed suite with separate laundry, natural gas fireplace and it's own private patio area. Double garage. Wired for hot tub (existing tub excluded). 

 

For more information  Contact Tammy

Posted in Sold Listings