Victoria BC Community Blog

Update on Market Conditions in Greater Victoria Category: New Homeowners

Posted by Niels Madsen on September 15, 2024

Estimated Read Time: 4 minutes

Understanding the real estate market in Greater Victoria is key for anyone considering buying or selling a property. Our region's housing market is influenced by several factors, such as seasonality, interest rates, and economic trends, which can impact both home prices and the speed of sales. As with any market, conditions can shift rapidly, and staying informed is essential. Here are a few updates on how the market is performing.

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Navigating the Inspection Process: What to Expect Category: New Homeowners

Posted by Niels Madsen on August 20, 2024

Estimated Read Time: 4 minutes

Buying a home is one of the most significant investments you'll ever make, and ensuring it's the right decision involves thorough due diligence. The home inspection process is a key step in this journey, offering you a detailed assessment of the property's condition. This evaluation helps uncover any potential issues or hidden defects, providing you with valuable insights that can influence your decision. Here is what you can expect and things to think about for your home inspection.

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The Pros and Cons of Fixer-Upper Homes: Is It Worth It? Category: New Homeowners

Posted by Niels Madsen on July 20, 2024

Estimated Read Time: 4 minutes

Most people have heard the term ‘fixer upper’, and in all likelihood have encountered examples on tv or social media. But if it's something you’re considering for your property journey, or a possibility for the future, then you need to know what the reality of taking a property from undesirable to a dream home will look like. To help you, here are some of the pros and cons of taking on a fixer upper property, and why and when it would be a worthwhile choice for you to make.

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Breaking Down Closing Costs: What Every Homebuyer Should Know Category: New Homeowners

Posted by Niels Madsen on April 15, 2024

Estimated Read Time: 4 minutes

Purchasing a house is the most significant purchase anyone will make, both in terms of outlay and what it means for your future, which makes getting the budget exactly right vitally important to ensure you get the right value, without overspending or failing to make the most of the budget.

When it comes to this spending, it’s important to remember that it isn’t just the price of the property itself you will be paying - you will also have to factor in a range of other closing costs. Here’s our essential rundown of what every prospective homebuyer needs to know when it comes to closing costs and other related expenses.

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8 Key Questions to Ask Before Hiring a REALTOR® Category: New Homeowners

Posted by Niels Madsen on January 23, 2024

Estimated Read Time: 4 minutes

Whether you’re buying or selling, getting the right end result for your property needs is one of the most important life decisions someone can make. This makes it all the more vital that you go into the process with an understanding of exactly what you should be looking for in a REALTOR®, as they will be the key person to guide and advise you. Here are 8 key questions you should be asking any prospective REALTOR® before you begin the journey.

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The Home Selling Journey Category: New Homeowners

Posted by Niels Madsen on November 16, 2023

Estimated Read Time: 4 minutes

Everyone dreams of that first step on the property ladder—and with good reason, your first house will live long in your memory. However that first step is rarely the final one, and in order to fulfill your property dreams, and potentially find that forever home, selling that first property will be just as important as buying it. Getting the most value for your first sale will improve the options available to you as well as helping to set you up for the long term financially. Here is what to expect as a first time home seller, and how a REALTOR® can help.  

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10 Essential Tips for First-Time Homebuyers Category: New Homeowners

Posted by Niels Madsen on August 15, 2023

Estimated Read Time: 5 minutes

Buying a home is an exciting venture, but it's also a decision that requires careful consideration. Before starting it’s vital to be well-prepared, so here are 10 tips to guide you through the home buying process, ensuring that you make informed choices and find the perfect place to call your own.

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Victoria Activities You Need to Do Category: New Homeowners

Posted by Niels Madsen on June 16, 2023

Estimated Read Time: 5 minutes

Victoria is a wonderful city to live in and explore, with vibrant gardens, stunning coastlines, incredible restaurants, and a rich cultural scene. Which is a great reason for you to host friends and family and give them a memorable experience, especially if you’ve recently moved in. Or, if you’re a new resident and want to make the most of your settling in period and see all the quintessential sights, you’ll want to check out this list of all the best activities that showcase Victoria at its best!

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Should You Get a Condo or a House? Category: New Homeowners

Posted by Niels Madsen on January 17, 2023

Estimated Read Time: 4 minutes

When it comes to making a choice about which is the right property for you there are so many criteria to consider and options available, that even the simplest starting points can seem daunting. But it’s important to have a clear idea of what you’re searching for before you start looking. If you’re just scanning every available property you’ll waste not only time, but you’re unlikely to find the one you want!

There are a number of choices that can help you narrow down your search, and one of the biggest is whether you’re looking to purchase a condo or a house. In this post we’ll cover some of the key differences between the two, and how you can go about figuring out if you should buy a condo or a house for your next move. 

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The Importance Of Home Inspections Category: New Homeowners

Posted by Niels Madsen on September 15, 2022

Estimated Read Time: 4 minutes

When it comes to buying a home you want to leave no stone unturned—after all, this is the biggest and most important purchase you’ll be making, and there should be no doubt left in your mind that you’ve found the right home for you. 

This is where a home inspection comes into play. A pre-purchase inspection provides you with the opportunity to uncover details that won’t be apparent to the untrained eye, giving you insight into the future viability and structural soundness of the property, and bringing to light any potential problems or red flags. This not only gives you leverage when negotiating, but it can also help you make your final decision. 

Here are some of the reasons why home inspections are an important part of the home buying process, as well as how you should approach a home inspection as a part of your home buying journey. 

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