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August 2019

Found 2 blog entries for August 2019.

As summer arrived, sales declined slightly in Greater Victoria with 4.6% fewer sales in July than in June, however, the 706 sold was up 8.4% from July of last year. Condominium sales in July 2019 were up 14.4% from the same month last year while sales of single-family homes were up only 2.1%.   For the first time in about a year, the number of active listings for sale in the Victoria Real Estate Board area decreased 3% from over 3,000 to just 2,949 at the end of July, but still 13% more than in July 2018.   Although some listings are sitting and getting little attention, other well priced new listings are continuing to sell quickly and often with competing offers. This is particularly noticeable in the lower end of the…
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Selling Your Home as a Short Sale: Getting StartedWhen a homeowner is no longer able to make payments on their home, or when a homeowner would like to sell their home, but they're underwater on their mortgage, a short sale becomes a viable option. Short sales can be complicated and can have a negative impact on a homeowner's credit report, however, there are upsides to short sales. A short sale can help a homeowner in financial distress, and can prevent foreclosure. If you're a homeowner struggling to make your mortgage payments, here's what you need to know about short sales.

For informational purposes only. Always consult with an attorney or certified tax expert before proceeding with any real estate transaction.

What Is a Short Sale?

A short sale is what happens when a homeowner sells

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