15 Real Estate Myths & Realities
The Vancouver Sun ran an excellent article in the paper on Saturday. Entitled 15 Real Estate Myths & Realities and very much geared towards Lower mainland home owners. The article was supported by the both Rudy Nielsen of Niho Land & Cattle and Landcor Data Corporation.
Listen to the audio interview HERE
15 REAL ESTATE MYTHS & REALITIES
1. Albertans are buying up B.C’s recreational property. Reality
2. My home’s assessment tells me what the property is worth. Myth
3. Real estate prices in Greater Vancouver can’t keep going up, they’re too high already. Myth
4. Spring is a good time to buy or sell a residential property. Reality
5. A bathroom or kitchen renovation is the best way to add lasting resale value to your home. Reality
6. Swimming pools are a negative when it comes time to resell. Reality
7. More than half of all Lower Mainland houses will soon be worth more than $1 million. Myth
8. A house with a south-facing backyard is likelier to appreciate more than the equivalent house facing the other way. Myth
9. New condominiums are commonly flipped for a profit before they have even been occupied. Myth
10. You can save money by buying a ‘fixer-upper’ and renovating. Reality
11. Buying a home outside the city and commuting to work is a good way to save money. Reality
12. Buying an additional property to rent out is a solid investment. Reality
13. A home that has been staged using professional design principles to make it more appealing to buyers sells and for more. Reality
14. The bank owns my house. Myth
15. You’ve just sold your house and have made a ton of money off it. Reality
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