• Victoria
  • Sidney
  • Saanich Peninsula
    250-656-4626
In your neighbourhood...
  • Victoria
  • Sidney
  • Saanich Peninsula
    250-656-4626
In your neighbourhood...

Blog

Things to Consider When Downsizing - Category: Home Selling

Posted by Jack Barker

Downsizing in property refers to when you move out of a property into a smaller one. This is often a decision made by those who now have an empty nest, are struggling to deal with the upkeep of their home, or are finding the related costs hard to deal with.

It may just be that you are eager for a change, want to simplify your life, want to move closer to friends or family members, or want to start a new phase in life. While many people have been trying to upsize throughout their home-buying journey, downsizing can offer so many options!

But before selling off all the major assets, there are a few things to consider before getting started.

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Sellers: Tips on Staging Your Home for Sale - Category: Home Selling

Posted by Jack Barker

If you’re looking to sell your home there are two things you need to know: what does the market look like in my area, and what can I do to make my home as appealing as possible to prospective buyers.

That’s precisely what we’re going to be taking a look at in this post, with an overview of how the Victoria real estate market looks after December 2020, and some tips on how to stage your home to make it as appealing to buyers as possible!

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Can New Kitchen Appliances Increase the Value of Your Home? - Category: Home Selling

Posted by Jack Barker

The role of the kitchen in the home and its importance to the modern buyer has changed significantly. These aren’t utilitarian spaces, they are stylish, multi-functional, and designed to be lived in as much as used. That’s why we’re seeing homeowners renovate their kitchens in the hope of adding value to their property. There is another way. By upgrading your kitchen appliances you can actually add significant value to your home — as long as your careful and make the right choices. 

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Teams, Agency and Disclosure: New Dual Agency Rules - Category: Home Selling

Posted by Jack Barker

On June 15, 2018, consumer protection rules from the Superintendent of Real Estate will take effect. The goals of the rules are to ensure consumers are well-protected, well-informed, and can benefit from the undivided loyalty of a real estate licensee who is acting in their best interests. These rules will protect consumers by:

  • Prohibiting limited dual agency in almost all cases, and
  • Requiring new disclosures about commissions, services to expect from a licensee, and the risks of being an unrepresented party in a real estate transaction.

The Superintendent’s rules will change the way real estate is practiced in BC, and will enforce the fundamental REALTOR® duties of undivided client loyalty, confidentiality, managing conflicts of interests, and informed client consent.

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Principal Residence and Capital Gain - Category: Home Selling

Posted by Jack Barker

The designation of a property as a principal residence is a significant and important financial planning tool because the CRA allows you to shelter the profits earned on the sale of a principal residence from taxes owed.

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Updated Regulation For Building Inspection - Category: Home Selling

Posted by Jack Barker

The Provincial government intent to improve the rules and regulations for Building Inspections.  Implementation of the regulations will take effect on September 1, 2016 and the updated requirements are:

  • Home inspection contracts must describe in advance what will be covered in an inspection.
  • Contractual terms that limit home inspectors liability will be prohibited.
  • New business record keeping requirements will be put in place for home inspectors.
  • Home inspectors will be required to have valid professional and general liability insurance.

The Province intends to undertake a comprehensive review of qualifications required for a Building Inspector and these new standards are intended to be implemented in 2017.

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