Chris Estrada

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Will the neighbourhood go up in value?


When you purchase a home, you’re hoping it will continually go up in value — just like a good investment.


However, there’s something else that you want to see go up in value as well: the neighbourhood. In fact, the neighbourhood plays a key role in what the home will be worth in years to come. If the neighbourhood goes down in terms of desirability, so will the market value of the home.


That’s why, when shopping for a new home, it’s important to get a feel for the value of the neighbourhood, and whether or not it’s on the upswing.


How do you do that? One way is to simply take a walk. Look at the properties. Are they well maintained? Is the landscaping groomed and attractive? Those are signs of “pride of ownership” — a clear indication that owners value their homes and the neighbourhood.


Another way is to do some research. Has crime gone up in the neighbourhood? Are there improvements planned, such as new parks? Is the neighbourhood attracting the kind of people you want as neighbours? How does the neighbourhood school rank?


Some of this information may be difficult to get on your own. A good REALTOR® can help you. Call or text me today.

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 When you’re thinking of selling your home and buying another, you face the inevitable question: Should I list my property first or buy my new home first?

 

Let’s take a look at both options.

 

If you attempt to buy a property before listing your home, you run into a couple of challenges.

 

First, sellers may not take you seriously as a potential buyer. After all, you haven’t put your own home up for sale. As far as they’re concerned, you might merely be testing the market.

 

Second, your property might not sell as quickly as you thought it would. If there is an early closing date on the home you purchased, you might end up owning, and paying a mortgage on both properties, at least until your home sells.

 

If, on the other hand, you list your property before buying a new home, sellers will know you’re serious. That puts you in a competitive position in the event of multiple offers.

 

Also, if your home sells quickly, you’ll have the peace-of-mind of knowing exactly how much of a new home you can afford. You’ll be able to shop with confidence.

 

Of course, like the first option, there is a chance that the closing dates won’t match and you’ll end up owning two properties for a period of time. However, solutions such as bridge financing are available to help.

 

So, there is no perfect answer. A lot depends on the state of the local market. Looking for a good REALTOR® who can help you decide which is the best move for you. Call me today. 

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I have listed a new property at 10738 140TH ST in Surrey.
Nice and neat larger, 4 bedroom, 2 full bathroom rancher/with a loft, on almost 9000 sqft, flat and level lot, with a double detached garage/workshop. Open kitchen, with peninsula counter, gas stove and double french doors leading out to huge 24x12 sundeck, partially covered and with bench seating. Completely updated and redesigned 4 pc ensuite bathroom with glass feature wall, double stand up shower. In floor heating on the top level. 5 yr old roof. Most windows are new. Storm windows at the front in the living room. Good furnace serviced a year ago. 4 blocks to skytrain. Bus out front. Elementary school across the street. Our Lady Hawthorne Rotary Park 2 blocks. Central location between both bridges.
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Please visit our Open House at 10738 140TH ST in Surrey.
Open House on Saturday, June 13, 2015 1:00 pm - 3:00 pm
Nice and neat larger, 4 bedroom, 2 full bathroom rancher/with a loft, on almost 9000 sqft, flat and level lot, with a double detached garage/workshop. Open kitchen, with peninsula counter, gas stove and double french doors leading out to huge 24x12 sundeck, partially covered and with bench seating. Completely updated and redesigned 4 pc ensuite bathroom with glass feature wall, double stand up shower. In floor heating on the top level. 5 yr old roof. Most windows are new. Storm windows at the front in the living room. Good furnace serviced a year ago. 4 blocks to skytrain. Bus out front. Elementary school across the street. Our Lady Hawthorne Rotary Park 2 blocks. Central location between both bridges.
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How a Home Inspection Helps You
Whether you're considering buying a particular home, selling your current
property – or both – a home inspection can help.
A home inspection is an inspection by a qualified professional who takes a
close look at every aspect of a home – structure, wiring, plumbing, and
more – and identifies issues you may not have noticed yourself.
For example, a home inspection can reveal that a furnace will need to be
replaced soon, or that there is a water leak into the basement that needs to
be fixed.
You'll definitely want to get a professional home inspection before you buy a
particular property. That's why most offers to purchase a home are
conditional upon passing a home inspection. (The last thing you want is to
buy your dream home only to discover that the wiring needs to be updated!)
You may also want to get a home inspection on your own home before you
list it for sale. A certificate from a qualified professional that states that your
home passed inspection will make your property more attractive to buyers.
Many reputable home inspectors are members of a professional industry
association.