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October 2018

Found 5 blog entries for October 2018.

Buying a Smaller Home? How to DownsizeBuying a smaller home often means fewer expenses, less cleaning to do, less maintenance and lower property taxes. It's win in many ways. Still, moving from a bigger home to a smaller home does have a down side. Specifically, downsizing is time consuming and difficult. Many people must take months or even years to down size their home. These tips can help home buyers to downsize so they can fit into a smaller property before it becomes time to sell their home and move.

Let Go of Unused Stuff

The first thing a home buyer must do in order to down size is to go through all of their things and decide which belongings they no longer need. Many people will set a time limit. For example, the home buyer may say that anything that has not been used in

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Tips for Completing Your Seller's Paperwork for a Faster EscrowHome sale paperwork has become progressively more complicated over the years, in an effort to stave off lawsuits and disputes from either party. The exact paperwork each Victoria home seller needs will depend on the province in which they live, but there are general best practices that sellers can use to prepare. The idea is for sellers to consider what the buyer needs to know as they're gathering up all the necessary documents.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

The Main Paperwork

Sellers are likely already familiar with the most important documents:

  • Deed
  • Survey data
  • Property tax records
  • Renovation information
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The downward trend for real estate sales in Greater Victoria continued with a total of just 533 sold in September 2018, 16% fewer than the 640 sold last September 2017 and 10% fewer sales than last month, August 2018. This is contrary to the typical seasonal increase in sales after summer. 

  At the same time the upward trend with our supply of listings available for sale continued with 2,646 for sale at the end of September 2018, 5% than the month before and 34% more than the 1,976 available at the end of September 2017.   This apparent balanced level of supply and demand means we now have a 5 month overall supply of listings available for sale. Of course as reported in previous…
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What You Need to Know to Sell Your Vacation HomeWhether selling a Type A or Type B property, vacation home sales differ from those of their primary home counterparts. From taxes to appreciation to staging, there are a variety of factors to keep in mind. To get the most from the Malahat North home sale, keep the following financial and practical tips in mind.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

How Capital Gains Work

Capital gains apply to all sellers of secondary homes. This refers to any appreciation that occurred from the time the home was purchased to the time it was sold. So a property that was purchased for a net $75,000 and sold for a net $125,000 would be taxed at up to

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Real Estate Clauses: Understanding the Different TypesThere are many different things that go into making up a real estate contract. One of those things is all of the "boilerplate" language that's standard in most all real estate contracts. This standard language includes different clauses that are used for both the buyers and the sellers. Every one of those clauses is generally important, but they might not all apply to every circumstance. Because of that, there are a number of different options for adjusting the clauses, taking them out, or adding in additional information that can be used for that particular transaction.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Why Real Estate Clauses Matter

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