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Kye Grace

Prices Are Falling-Will Vancouver Make a Comeback?

10-20-08
Kye Grace

 

 

With real estate prices falling in Vancouver, will this create an opportunity for people to buy a home where they want as opposed to where they can afford? Commuting costs are more expensive than ever, besides who wants to spend that time in their car as opposed to spending time with friends or family. It will be interesting to watch over the coming months as prices decline how many people choose to buy their first home in Vancouver and remain in Vancouver long term as a result.

Blog Action Day

10-18-08
Kye Grace

Blog Action Day is an annual nonprofit event that aims to unite the world’s bloggers, podcasters & videocasters, to post about the same issue on the same day. Our aim is to raise awareness & trigger a global discussion.

This year the topic is poverty. Everyone have causes they choose to support which I compliment you for doing so, I am curious how many choose poverty to the or one of the causes they support. This does not detract from anyone's efforts towards other causes, there are countless needs to be filled in this world and I thank for supporting any of these many needs.

There are two charities that combat poverty I choose to donate to from the income from my real estate business.

Union Gospel Mission is a non-profit urban relief organization serving the Lower Mainland, providing hope for the hungry, hurting & homeless since 1940. If you’d like to donate time, resources, or make a monetary contribution to help us reach our community. http://www.ugm.ca/

KidSportTM is a community-based sport charity that provides grants for Canadian children age six to 18 to participate in a season of sport of their choice.For KidSportTM success is measured by the number of new sport opportunities created for children who would otherwise not have a chance to play. http://www.sport.bc.ca/programs/kidSportBC/

To see more about how I donate money to these charities visit this page.

Where did all the bad Realtors go?

10-18-08
Kye Grace

In this slowing real estate market what will happen to the bad Realtors?

Make no mistake there are bad Realtors. Every profession has underacheivers so I am not picking on just Realtors.

What is nice about Realtors is outside of a real estate boom the population is thinned out.

'They' just won't survive; the realtors who are competent, have strong communication skills, and are constantly learning and adapting to change will.

Three things I will be doing to ensure not only I succeed but more importantly my clients succeed are:

1. Constant learning - taking courses, studying the market harder than ever, reading as many blogs and articles I can on real estate to be on the cutting edge of what is really happening.

2. Improving my communication skills. I will strive to improve my ability to share critical information in an easy to understand manner.

3. I will look to adapt, accept change and be different than the rest. I will find the 'next' way to market and service my clients and their properties.

8 Things That Determine Market Value of Your Home

10-08-08
Kye Grace

Here are eight things that will determine market value of a home for sale. True market value of real estate is what a buyer is willing to pay, nothing more, nothing less.
1.The current market condition
We are currently in a buyer's market.
2.The amount of competition
There is immense competition especially for townhouses and condos which are often very similar.
3. Current Financing
This week variable rates are at or above prime raising the cost of buying.
4. Current Economic Conditions
Downmarket, recession, depression, stock market crash, price of oil plummeting...all headlines this week. Not all accurate but perception is a powerful thing.
5. Buyer's Perception of the Properties Condition
Curb appeal and how your home shows can influence the buyer particularly regarding their perceived value of your home. Repair any minor issues at the very least.
6. Location
Location, location, location...need I say more.
7. Amount of Time on the Market
A property that is on the market well past the average time to sell becomes stale.
8. Showing accessibility
You need a Realtor who will accommodate showing requests. If no one can get in, no one will buy.

Will the conclusion of Cambie construction affect prices?

10-03-08
Kye Grace

How will real estate prices react now that the Canada Line and Residential/Commercial construction is wrapping up along Cambie Street in Vancouver? With the Vancouver market moving downwards will the traffic and neighbourhood returning to normal change this trend in this neighbourhood? I kind of doubt it but only time will tell.

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