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ANN WATLEY'S BLOG

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Have you heard of Soap for Hope? 
They are an amazing non profit, volunteer based organization that helps fund projects in our community, while collecting and repurposing waste from the hotel industry, providing for people in need.

So far this year Soap for Hope has helped;

-eliminate over 31,216 Lbs of product from landfills
-distributed over 146,376 hygiene products and over 21,155 Linens to community facilities
-commited more than +3,409 hours of volunteer work to the cause


I am proud to support this amazing community partner.

Ann Watley

#SidneyRealtor

Ann Watlet, Realtor

Ann Watley | Personal Real Estate Corporation

Your Greater Victoria Real Estate Area Specialist


Pemberton Holmes Real Estate

107-2360 Beacon Ave,

Sidney B.C., Canada
Office: 250-656-3486 
http://annwatley.com 

ann@annwatley.com


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As the temperatures rise, there’s no time like the present to get started on your summer home maintenance projects. Here's a list of 5 tasks to check off your list so you can enjoy your home while the weather is warm.


  1. Power Wash Driveway and Sidewalks
A great place to start with summer home maintenance is to thoroughly inspect and clean your sidewalks, deck, patio and driveway. The key to cleaning these areas is to use a pressure washer. Before you start power washing, it’s a good idea to check these areas for any cracks and weeds. Once you have given everything a full inspection, wash away all the dirt, mold and grime that’s built up over the past year.

2. Clean Out Downspouts and Gutters

From stains to moss to bacteria, dingy roofs, siding and decks not only look poorly from the curb, but can also contribute to an array of other household problems and even shorten the lifespan of your home. Soft washing is a safe, eco-friendly, biodegradable option that can boost curb appeal, increase energy savings and extend the lifespan of your home. Soft washing is recommended for items such as screens, outdoor wood furniture, cedar, wood or vinyl siding. You can use your same pressure washer, just replace the tip with a nozzle that widens the spray of water so it’s modified to a lower PSI (pressure per square inch).

3. Wash Windows and Replace Screens

Washing your exterior windows won’t make much of a difference if you don’t wash your window screens, too. Remove your window screens and gently scrub them with hot, soapy water. If your screens are too filthy to be cleaned, you may want to replace them. While you’re spending time examining your screens, you should also examine your windows and doors to ensure they seal tightly and function properly.


4. Beautify Your Yard and Garden


Make your yard look fresh from the grass to the trees. Start by removing all dead parts from trees or plants and doing some weeding. Laying mulch in your flower beds will help keep weeds away and let your plants retain moisture. This is also a great time to get your home and backyard ready for summer cookouts and pool parties with some new landscaping. 


5. Get Your Grill Ready for BBQ-ing


Clean and test your grill to make sure it’s ready for hamburger and hot dog season. If you have a gas grill, heat it up for about 20-30 minutes and then scrub the grates clean with a grill brush. For a charcoal grill, grab a bucket of hot, soapy water and clean with a sponge. To ensure proper grill safety, check hoses for cracks, holes and blockages. Don’t forget to place your grill 10 feet or more away from any structures, railings or other flammable items before firing it up.


Need help getting these tasks accomplished? Contact me at ann@annwatley.com for my personal list of reccommended and trusted professional landscapers, gardeners, roofers, and more to ensure the best possible results!



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Writing an offer for a property can be exhilarating and stressful at the same time. It can be even more stressful when you are competing against other buyers for the property – and when you don’t fully understand the offer process.


There are some common misconceptions about making an offer to buy property, and about a seller’s obligations when they receive multiple offers.

To help make submitting your next offer less stressful, check out these 3 common myths, and what the facts actually are.


MYTH: A good strategy is to offer a set amount over the highest bid.

When the value of an offer is based on a reference to a competing offer, it is called a referential offer. The purpose of a referential offer is for a buyer to piggyback on the highest offer which is acceptable to the seller.


REALITY: Referential offers are risky and could lead to litigation.

The BC Court of Appeal held that an offer by one bidder which is dependent for its definition on the offers of others is invalid and unacceptable.


MYTH: You can put a clause in your offer to prevent a seller from sharing the amount of your bid with other buyers.

In BC, sellers have the right to instruct their agent to share information contained in one offer with a different buyer. This means that buyers may be able to learn how many bids have been received, and the highest price offered.

Some buyers have attempted to protect the information in their offers by including clauses prohibiting a seller from disclosing the information to another buyer.


REALITY: Sellers are not bound by the clauses in an offer unless they have accepted and signed the offer.

So including a “don’t tell” clause won’t prevent a seller from sharing information about your offer.


MYTH: The highest offer is always the winning offer.

If you’ve made an offer that wasn’t accepted and you find out that the property sold for less than what you offered, it doesn’t necessarily mean there was illegal or unethical conduct by the seller or their agent. There may have been terms or subject clauses in the successful offer that were more important to the seller. Maybe the closing date was better aligned with the sellers’ needs, or the seller felt that the financing terms for the buyer were more realistic.


REALITY: Sellers are never required to accept an offer, even if it is at full asking price.

They can counter the offer, reject it, or simply decline to respond.

Talk with the agent representing you to understand how to draft an offer that is appropriate for your financial circumstances. Your agent can explain the seller’s obligations when considering which offer to accept.


Source: Real Estate Council of British Columbia

Original Article: https://www.recbc.ca/consumers/your-home-your-decision/3-myths-about-making-offer-and-reality

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Literally have had to have my running shoes on since the moment Christmas was done. This market has been picking up momentum by the day. A serious lack of inventory is again creating many multiple offer situations for my buyers to have to face and the listings are going from Current to Pending very quickly. It's always interesting to me how the message constantly comes back to me that "it's always better to list in the spring". While this is true weather and garden wise, it's actually more often than not better to list January to March as inventory levels are low and it can drive the market right to the point it is now. Lack of inventory with a lot of buyers that have been waiting for listings to come on creates a backlog of pressure which can accelerate everything. That is what we are seeing right now, as I say to all my clients......don't wait till spring when everyone else is putting their house on the market, buyers looking now out in the rain and cold are far more serious and have less to choose from. Call me today for a free Current Market Evaluation and let me help you understand this current trend.

 
Ann 



https://www.bcrea.bc.ca/economics/bcrea-2020-first-quarter-housing-forecast-bc-homes-sales-carry-momentum-into-2020/ 

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This is an excellent article explaining some of the B.C. tax credit and First Time buyer programs, have a read and if you have any questions shoot me an email and I am happy to help,


https://www.rew.ca/news/5-financial-benefits-only-available-for-homeowners?utm_source=Agents%3A+Market+Insights&utm_campaign=c76b1ae918-EMAIL_CAMPAIGN_2019_08_22_06_44_COPY_01&utm_medium=email&utm_term=0_14f9ba90ce-c76b1ae918-93804379



Ann

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The unpopular speculation and vacancy tax is an annual tax potentially paid by owners of residential properties in specific regions of B.C. The tax is supposed to be designed to discourage housing speculation and people from leaving homes vacant in B.C.'s major urban centres. We all know it is affecting many more people that what the tax was designed to deal with.

Well here is the update from the tax man on the "Speculation Vacancy Tax" 
 
According to the BC Government, the speculation and vacancy tax declaration period is now open.
 
Declaration letters begin mailing this week. You'll need your letter before you can declare.
 
Check out their website at https://gov.bc.ca/spectax to find out when you can expect your letter, what to do if you'll be away and for help declaring.
 
Hope that this information is of value to you and if you have anything I can assist with drop me an email at ann@annwatley.com
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Victoria real estate market awaits a spring thaw
 
A total of 421 properties sold in the Victoria Real Estate Board region this February, 22.8 per cent fewer than the 545 properties sold in February 2018 but a 28 per cent increase from January 2019. Sales of condominiums were down 25.9 per cent from February 2018 with 129 units sold but were up from January 2019 by 16.2 per cent. Sales of single family homes were down 15.8 per cent from February 2018 with 219 sold.
 
"Buyers and sellers appear to be looking at the current real estate market from different perspectives," says Victoria Real Estate Board President Cheryl Woolley. "Buyers are hoping to see reductions in prices because governments have told the public that policies like the mortgage stress test and the speculation tax will improve affordability. However, the actual result of some of these policies seems to have softened the higher priced end of the market and increased competition for properties at the lower priced end. Conversely, sellers may be holding out to see if prices increase in the spring, and those hoping to up-size may be unable to qualify for the funds needed to move up because of the stress test."
 
There were 2,131 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of February 2019, an increase of 3.6 per cent compared to the month of January and a 37.9 per cent increase from the 1,545 active listings for sale at the end of February 2018.  
 
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in February 2018 was $848,600. The benchmark value for the same home in February 2019 decreased by 0.3 per cent to $845,900, lower than January's value of $847,800. The MLS® HPI benchmark value for a condominium in the Victoria Core area in February 2018 was $483,700 while the benchmark value for the same condominium in February 2019 increased by 3.9 per cent to $502,800, slightly higher than January's value of $499,700.
 
"Local REALTORS® continue to be very busy showing listings, so demand is evident in the greater Victoria area," adds President Woolley. "Currently, we still have very low inventory compared to the long-term average with little having come into the market this past month. As the spring thaw comes, there's a good chance more listings will come onto the market which will create more options for prospective buyers. Homes in sought-after areas and those that are lower priced remain in high demand. Now is a good time to connect with your Realtor to discuss your goals and how to navigate the current market."
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You may ask how do Property Assessments work??

 

The assessed value of your property is determined on a certain date, this date is as of July the year before. Something to remember is the market may have fluctuated since then, up or down (or remained the same). It is imperative to understand the value of your property and home is factored on what the Real Estate market was doing back in July ...not necessarily what it is doing when you get the information in the mail.

 

The property tax rate which is also referred to as a multiplier or sometimes "mill rate", is a percentage by which the assessed value of your property is multiplied to determine your tax bill for the upcoming year it is not always a direct reflection of what the market value is.

 

While consumers may try to use the tax assessment to value a home, it is much more accurate to have your Realtor come and present you with a current "market evaluation". A market evaluation is when your Realtor does a proper search of actual comparable properties (of similar i.e. double car garage versus single etc., which the tax assessment cannot do) that have SOLD in the last 1-4 months. This is a free service I provide to all my clients. Do not hesitate to call anytime to set up an appointment. I am happy to come have a look at your property to give you an up to date "market" evaluation, which can be quite different from what the assessed value is. 

 

For direct information to the property assessment to any property in B.C., simply type the Civic address into the search field in the following link 

 

https://www.bcassessment.ca/Property/AssessmentSearch

 

Ann Watley

Personal Real Estate Corporation 

January 2019

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December 2017
Real Estate Report

January 1st, 2017 brings new home buying rules to the Real Estate industry. These new home buying stress test rules has pushed buyers to accelerate their buying timeline. "We suggested last month that some buyers may accelerate their purchase timeline to buy a new home in anticipation of the mortgage stress test on uninsured buyers - those with a down payment of 20 per cent or more - that will come into effect on January 1," says Victoria Real Estate Board President Ara Balabanian.

 

"It's likely there will be more government-led change in the new year and we'll report on the effects of those changes on the market." President Balabanian


In November 2017 there were 1,764 properties for sale (active listings) with an average selling price of $824, 600. That would be 10.2% increase over 2016. On record the VREB indicated that this is the highest number of home sales for November since 1996.

 

If you would like to learn more about your home preferences in the Victoria and Saanich Peninsula regions then please visit me at AnnWatley.com and try out my "Real Estate Search" feature. You can search homes by city, area, neighbourhood, postal code, or MLS#.

 

For many the home is the largest investment in their lifestime. Take the time to learn more about the current real estate market and in selecting the right Realtor. Visit me anytime on AnnWatley.com

 

Link to Victoria Real Estate Board (VREB) Market Report: 
www.vreb.org/current-statistics


Victoria & Sidney News


Victoria among top 10 B.C. cities to buy real estate

Number one on REIN’s list is Surrey, followed by Abbotsford in the number two slot. New Westminster is in third. Victoria, Kamloops and Kelowna are ranked fourth, fifth and sixth respectively. theprogress.com (Read More)

 


 

My Trip To Victoria

 

No trip to British Columbia would be complete without visiting Victoria, which is the capital and sits on the southern end of Vancouver Island.  app.com (Read More)




Victoria, B.C. to tighten limits on number of dogs in area parks

"Victoria-area politicians are considering putting limits on the number of dogs people can walk and charging a fee for dog-walking businesses who use regional parks amid complaints about packs of wandering animals." CTV News (Read More)

 


Ann Watley Feature Listing 


Click for more information

 

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Categories:   Big move is done!
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.