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December 2018

Found 3 blog entries for December 2018.

Roofing Options Exist Even When It's Time to Repair or ReplaceIt is almost universally agreed that having a good roof over your head is important. However, it is sometimes difficult to know how much life is left in a home's existing roof. Although a homeowner might concede that some action is needed, there is always a question about the effectiveness of needed repairs. If replacement seems to be the best option, there may be additional questions.

Sometimes a partial replacement will suffice if roof damage is confined to a relatively small area. Even if total replacement is the only solution, the option to install new material over the top of the existing roof can save time and expense associated with a total tear off, according to Bob Vila, the authoritative inspiration behind television's This Old House.

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Dec 18 newsletter statsThe trend of decreasing sales volume continued in November with a total of 498 properties sold, 17% fewer sales than in October and 26% fewer than the 671 sold in November of last year. Condo sales were down 31% and single family sales were down 21%. In the fall of 2017 the federal government announced the changes to mortgage lending rules which came into effect January 1, 2018 and led to a frenzy of activity in November and December 2017.  Last months sales volume was just 3% lower than our 10 year average sales volume of 515 in November.   The MLS (Multiple Listing Service) HPI (Home Price Index) benchmark value for a single family home in the Victoria Core (Victoria, Vic West, Esquimalt, Oak Bay, Saanich and View Royal) was up 4% to $865,200 from…
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Tips for Buying in a Seller's MarketA seller's market can be an intimidating place for buyers because it's unfortunately easy to be taken advantage of if they're not careful. Luckily, there are ways that buyers can help themselves get a better deal on their home without lowering their expectations.

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

Be Ready to Pounce

A home in a popular neighborhood isn't going to stay on the market for very long, which means that buyers will need to jump the moment the property is listed. The ideal time to tour the home is within the first 24 hours because it provides hard and fast proof to the seller of the buyer's interest. These kinds of tight

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