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

June 20, 2018

BC Housing Market Being Taxed to Death

Here is a look at two taxes that are a hot topic right now in BC. The Speculation Tax and Foreign Buyers Tax.

Speculation Tax

The Speculation Tax was brought in to free up homes that were not being occupied as a full residences in the hope that this will help with the housing crisis to alleviate the housing shortage for working families, renters, seniors, and students. The areas in BC that are currently affected are the Capital Regional District (excluding Juan De Fuca and Gulf Islands), Metro Vancouver, Kelowna and West Kelowna, Abbotsford, Mission and Nanaimo-Lantzville areas.

Will the tax affect you? Here's a chart that helps explain who will be affected by this tax. Read the full story here.


Foreign Buyers Tax

Foreign Nationals, Foreign Corporations and Taxable Trustees will need to pay an additional tax on top of the property transfer tax when buying property in British Columbia if the land is located within certain specified areas. The areas in the province that are affected are the Fraser Valley, Greater Vancouver Regional District, Central Okanagan, Nanaimo or within the Capital Regional District.

After Feb 21, 2018 the tax rate will be 20% of the fair market value of your proportionate share. Need to know more? Read the full story here.

 

Please visit my website and create a search that will keep you up to date on all the listings meeting your specific search criteria the moment they hit the market!

VISIT:  VictoriaHomeSale.ca

Click Below for a FREE Home Evaluation! "My House is Worth WHAT?"

 

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June 1, 2018

Your Guide to Making An Offer as A First Time Buyer in Victoria!

As Canadians we are constantly moving and resettling with our final goal being able to find a home we can call our own. On the outside looking in it would appear we are obsessed with the idea of owning homes. When you are a first time home buyer you should always be on the lookout for "breaks" that will help you get into your first home with ease.

Surfing the internet, talking to friends and family may not be enough as the fear is always there that you may make the wrong move and dash your chances, that are already slim with all the recent Mortgage Industry Changes.

Have Confidence When Negotiating or Making an Offer

It's normal to feel anxious and nervous when getting ready to make an offer, especially if the home you found is "the one". (But if you found that one, you will find others should this offer not pan out). There are no right or wrong prices, there is only knowledge, logic and understanding. So chose your Real Estate Professional carefully, to help you make solid offers with little reluctance.

Look At Price Comparisons Before You Pull the Trigger on the Deal

Your Real Estate Agent, at this point is going to be worth their weight in gold to you. Agents will have a lot of data that you can draw upon to help you make a good solid offer. What to keep in mind - pay special attention to pending sales, recent sales in the area, and ask for more information regarding the seller. Arm yourself with as much information as possible.

Keep Digging for Information.

Understanding where the seller is coming from in their pricing is important. How long has the house been on the market? Why are they selling? Are there other Buyers? and in the current Victoria Market, there will likely be several vying for a good deal. Be prepared for competing offers, and what is your comfort level in a competing offer situation. The information your agent will provide during this process will play a huge role in the offer you bring forward. 

Keep Your Lender in the Loop

Keep your lender apprised every step of the way, and ensure your Lender will provide you with a pre-approval letter, and ensure your lender is ready to move when that offer is made, all the pieces are in place for a smooth process. Ensure you know any room you may have to move should a competition arise, or are you prepared to simply walk away, as it is easy to get caught up in the emotion of a "bidding war". Know your top end ceiling and don't go past that.

Remember to Discuss the Terms of Sale

Price is the most important factor, but there are others as well. For example, what is the timeline for Inspections? Snags can prevent an early close to the sale. Some may want a quick close, others may need more time due to complications related to financing and approvals. 

Remember, to make it as quick and seamless as you can, as you may likely be competing with other buyers, and they will take advantage of any hesitation. So, if you are in a position to close fast, then why not do it? 

Stay Positive

Remember there will be other houses, the first one you fall in love with, will not be the only one you find. There are people daily wanting to sell their houses, the key is to be as ready as possible to make yourself the most desirable buyer. Buying a house can be an incredibly hectic, and stressful process, with the right information and the assistance of Tammy Marcoux at Victoria Home Sale, we will make the process as seamless as possible.

Please visit my website and create a search that will keep you up to date on all the listings meeting your specific search criteria the moment they hit the market!

VISIT:  VictoriaHomeSale.ca

Click Below for a FREE Home Evaluation! "My House is Worth WHAT?"

 

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Posted in Home Buying
May 14, 2018

34-2500 Florence Lake Road, Victoria, BC

Click HERE to View Video Walkthrough of This Property

MLS 384707 Ask Price $139,000 Sold Price $137,000  Date Sold May 1, 2018

Renovated 2 bedroom, one bathroom home has many tasteful updates including Kentucky Bourbon hand-scraped engineered oak floors, designer paint colours through-out, custom built kitchen in 2010 with unique metallic tiled backsplash, pot lighting & crown moulding, bathroom with soaker tub & custom tile work and a new laundry/mud room. A great lake side community to live in, feels country yet really close to shopping and public transportation. One owner must be 55+, pets allowed! Pad fee includes rent of land, waste removal, water, garbage, recycling, green waste and use of club house. Nothing to do here but move in and enjoy! 

For more information  Contact Tammy

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Posted in Sold Listings
May 3, 2018

Langford 2 Bedroom Beauty! #213-655 Goldstream Avenue

 

 

Click on Property Address below to watch Video Walkthrough!

#213-655 GOLDSTREAM AVENUE

Sun-filled large corner suite will not disappoint! Centrally located in the heart of Langford and walking distance to Goldstream Plaza, Westshore Mall, Shopping and Restaurants. This well cared for 2 Bedrooms, 2 Bathrooms condo has so much to offer. In suite laundry, laminate flooring, stainless steel appliances, electric fireplace. Master bedroom has a full-size ensuite and a walk-in closet. Located on the quiet side of the building the south facing deck is the perfect placed to enjoy those summertime BBQ's with friends and family. Building offers secure underground parking, fitness room, roof-top patio and Japanese Garden. This well run strata is a rare find with unlimited rentals, pets allowed and no age restriction in this building. This one won't last!

For more information contact Tammy Marcoux at Remax Camosun!

 

 

 

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Feb. 20, 2018

Is that your final offer?

Is that your final offer?

Your biggest investment you will ever make is most likely your home. With the guidance of a skilled Realtor the negotiation process doesn’t need to be stressful. Being prepared is key to knowing what to expect and how to respond in the negotiation process to ensure you stay within your budget. Your Realtor can educate you on the local market, home values, review comparable properties sold and offer strategies in the offer process.
In addition to the expert advice from your Realtor, there are things that you can do to help you in the process of securing your next home.
Posted in Home Buying
Feb. 16, 2018

5 Things you need to know about Canadian Real Estate

 

5 Things You Need to Know About

Canadian Real Estate

In previously hot markets such as Toronto and Vancouver, pricing is slowing down and sales are softening. Along with change comes challenges and opportunities for buyers and sellers alike. 

 

Below is an article detailing:

Key Points You Should Know About Real Estate in Canada

 

 

 

Feb. 10, 2018

Canadian Real Estate Market Outlook 2018

Canadian Real Estate Market Outlook 2018

It’s true that there is never a dull day in Canadian Real Estate. Last year started off with a big nerve wracking question: Will there truly be Canadian Real Estate market crash? This year started off with more of a sigh. Expert Analysts from across North America came out with various versions of slowing down in both activity and pricing, but the overwhelming consensus was that the nation’s real estate landscape would begin to flatten out, even in the country’s hottest markets such as Toronto and Vancouver. Read more below:

Market Outlook 2018

Feb. 8, 2018

Buy a Fixer-Upper or a Renovated Home?

Buy a Fixer-upper or Renovated home?

So you've decided to lay your roots and purchase a place to call "home". After factoring in time constraints, financing, and personal preferences, you're faced with yet another big question: should you purchase a fully renovated home, or a fixer-upper? There are many things to consider when making this decision, so have a read and decide what makes sense for you.

Read more here: 

Renovated vs Fixer-upper

 

 

 

Posted in Home Buying
Feb. 7, 2018

12 DIY Homeowner Plumbing Tips

12 DIY Homeowner Plumbing Tips

Every home owner can benefit from learning the basics of their in house plumbing! Here is a great article, that can save you time, and money. Do you know where your water shut off valve is located? Or how to fix a leaky tap?

Read more below: 

Plumbing Tips

 

 

 

 

Posted in Home Buying
Dec. 21, 2017

73 - 2070 Amelia Ave, Sidney BC


73 - 2070 Amelia Ave, Sidney BC

MLS 383607  Asking Price $375,000   Sold Price $ 380,000  Date sold October 31, 2017

Lovely living & dining room with rock faced gas fireplace. Lots of windows for natural light. 2 bedroom, 2 bath corner town home on crawlspace. First time on the market - enjoyed by the original owner since 1986. Lovely living & dining room with rock faced gas fireplace. Lots of windows for natural light. Sliding doors to south west patio & garden area with privacy fence. Plenty of closets & extra storage thru out unit. ertainly a friendly resort lifestyle at Twin Oak Village for the 45+ year young residents. Clubhouse has sauna, hot tub, games area, library, guest suite, outdoor pool plus many year round social activities. Pet friendly, too. Close to Sidney, ferry, airport & bus routes, level walking sidewalks and seashore paths. 

For more information  Contact Tammy

Posted in Sold Listings