Selling Your Metro Vancouver Or Fraser Valley Home This Winter?

(November 12, 2014 )

Homeowners across Canada are beginning to think about what their life will look like in 2015. It happens every Fall. If you own a home or property in Metro Vancouver, West Vancouver, North Vancouver, the Fraser Valley or any west coast region you should considering the facts below.

THE BC HOME HUNTER GROUP METRO VANCOUVER FRASER VALLEY URBAN & SUBURBAN REAL ESTATE TEAM - PROUDLY SERVING THE HOMEOWNERS OF THE FRASER VALLEY VANCOUVER NORTH VANCOUVER WEST VANCOUVER WHITE ROCK SOUTH SURREY LANGLEY CLOVERDALE BURNABY RICHMOND DELTA SURREY PITT MEADOWS MAPLE RIDGE ALDERGROVE PORT MOODY BCHOMEHUNTER.COM VANCOUVERHOMEHUNTER.COM FRASERVALLEYHOMEHUNTER.COM SURREYHOMEHUNTER.COM LANGLEYHOMEHUNTER.COM

Our real estate team at THE BC HOME HUNTER GROUP here it every year. Homeowners ponder whether they should relocate to a different part of the country to find better year round weather or perhaps move to our beautiful British Columbia for our solid economic future with better job and career opportunities.

Homeowners in this situation must consider whether they should sell their home or property now or wait. If you are one of these potential sellers, here are Five BC Home Hunter reasons to do it now versus the dead of a Canadian winter.

1.) Demand is Strong
Our real estate sales in the Fraser Valley and Metro Vancouver in 2014 were to say the least outstanding. All forecasters are now repeating our own analysis and forecasting for 2015 with robust sales and growth across the lower mainland and much of the province.

Foot traffic refers to the number of people out actually physically looking at home right now. The latest foot traffic numbers show that there are more prospective purchasers currently looking at homes than at any other time in the last twelve months which includes the latest spring buyers’ market. These buyers are ready, willing and able to buy…and are in the market right now!

As we get later into the year, many people have other things (weather, holidays, etc.) that distract them from searching for a home. Take advantage of the buyer activity currently in the market. The Fraser Valley is home to many families which traditionally are not looking to uproot their school age children during the winter months to relocate. The same rule does not apply to Vancouver and other tri city area cities which have a much larger single, international population and significantly more condominium and multi family housing.

2.) There Is Less Competition Now
Housing supply is still under the historical number of 6 months’ supply. This means that, in many markets, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.

There is a pent-up desire for many homeowners to move as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market in the near future.

Also, new construction of single-family homes is again beginning to increase. A recent study by Harris Poll revealed that 41% of buyers would prefer to buy a new home while only 21% prefer an existing home (38% had no preference).

The choices buyers have will continue to increase over the next few months. Don’t wait until all this other inventory of homes comes to market before you sell.

3.) The Process Will Be Quicker
One of the biggest challenges of the 2014 housing market has been the length of time it takes from contract to closing. Banks are requiring more and more paperwork before approving a mortgage. Any delay in the process is always prolonged during the winter holiday season. Getting your house sold and closed before those delays begin will lend itself to a smoother transaction.

4.) There Will Never Be a Better Time to Move-Up
If you are moving up to a larger, more expensive home, consider doing it now.

Prices are projected to appreciate by over 19% from now to 2018. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.

You can also lock-in your 30 year housing expense with an interest rate in the low 4’s right now. Rates are projected to be over 5% by this time next year.

5.) It’s Time to Move On with Your Life
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should? Our compassionate real estate professional are extremely experienced and understand you and your families needs can be very unique and while we communicate the truth about real estate we are also very sensitive to your needs and wants.

Only you know the answers to the questions above. You have the power to take back control of the situation by putting your home on the market. Perhaps, the time has come for you and your family to move on and start living the life you desire. That is what is truly important.

If you or anyone you know is considering selling your home or property this winter don't hesitate to call our Urban & Suburban real estate professionals at The BC Home Hunter Group for our complimentary homes and land property evaluation or to share your questions, 604-767-6736.

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WWW.NORTHVANCOUVERHOMEHUNTER.COM 
WWW.WHITEROCKHOMEHUNTER.COM 
WWW.LANGLEYHOMEHUNTER.COM 
WWW.CLOVERDALEHOMEHUNTER.COM 
WWW.WESTVANCOUVERHOMEHUNTER.COM 
WWW.PITTMEADOWSHOMEHUNTER.COM 
WWW.BURNABYHOMEHUNTER.COM 
WWW.COQUITLAMHOMEHUNTER.COM 
WWW.DELTAHOMEHUNTER.COM 
WWW.MAPLERIDGEHOMEHUNTER.COM 
WWW.PORTMOODYHOMEHUNTER.COM 
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Selling Your Metro Vancouver Or Fraser Valley Home This Winter?

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