When you’re starting the process of selling your home, be prepared to see your home in a whole new light.A really, really bright light. That’s because buyers will notice all the great things

Dated: March 16 2015
Views: 1268
Spring signals the traditional start of real estate’s busy selling season, and while that’s all well and fine, when it comes to making your own momentous personal real estate decision—whether to buy a home or to sell your own—trying to decide exactly when to make the move is easier said than done.
It is true that this year national observers are unusually unanimous in expecting that last year’s sales upswing will continue. But if you are deciding whether now is the right time to buy a Vancouver home (or list yours for sale), the reasons behind the quickening sales activity might be an eye-opener. Here are five of the headline reasons why so many will decide to buy a home in Vancouver in 2015:
A Third Cheaper Than Renting
Web giant Trulia’s national averages show that it is still 35% less expensive to own than to rent. In the 100 largest metropolitan areas, even after mortgage rates rose from 3.75 to 4.50%, the home ownership advantage continued.
Protection Against Rising Rents
Renters are finding it more of a hassle even to find an apartment. In the third quarter of 2014, the U.S. apartment vacancy rate fell to its lowest level in over a decade (4.2%) even as the average effective rent in the U.S. rose by 3%, year over year. With supply of rental accommodation tight and unemployment falling, experts expect even higher rents in 2015.
House Prices Are Still Relatively Low
Again according to Trulia, house prices are still below benchmark value levels. In 91% of the largest metropolitan markets, analysts estimate that homes were 7% undervalued in 2014…and headed up.
It’s Becoming Easier to Qualify for a Mortgage
As interest rates rise, mortgage lender refinance business will suffer. Consequently, lenders will need to compete harder for new home buyers. That’s expected to lead to loosening of lending strictures, effectively increasing the number of prospective buyers.
House Prices Are Expected To Rise
House prices increased by 2% in the third quarter of last year, according to Federal Housing Finance Agency (FHFA) figures. If consensus predictions hold true, house prices will continue to rise by 3% in 2015….making sooner rather than later the optimal way to participate in that upward trajectory.
Born and raised in "sunny" Washington state, AJ's favorite thing about living in Vancouver is that it is an hour and a half from EVERYTHING (beach, mountains, outlet malls, etc). He also loves that Va....
When you’re starting the process of selling your home, be prepared to see your home in a whole new light.A really, really bright light. That’s because buyers will notice all the great things
Selling Your Home During COVID? You Might Have an Edge... Less is more when it comes to successfully selling your home during the COVID pandemic. That’s because if you’re still going ahead
Millennials are facing major stress trying to come up with ways to balance a down payment,student loans, and impending mortgages, but they are finding solutions: (Image provided by
Today I’m going over the five upgrades you should avoid when preparing to list your home. If you’re looking to put your home on the market, there are probably some projects you have