Should I Buy Before I Sell?!

Should I Buy Before I Sell?!

This is an age-old debate. It comes up all the time. You are already in the Real Estate market and now you are looking for a new home. Maybe it’s time to upgrade in the market from a condo to a townhouse. Maybe it’s time to change neighbourhoods as your kids are about to head to school. Whatever the case, when you get to this point you are going to ask if you should buy before you sell.

The true answer to this age-old debate depends on some key factors. Like if you are in a hot market, say you own a condo in Vancouver and are buying a detached house. Odds are that your condo, if priced right and staged well. Plus a key marketing plan, it should have a multiple offer situation and probably in the first weekend on the market.

This is when it’s good to know the market and its trends. As with this scenario, you may be comfortable finding that new house first. Then put your condo up right away afterwards. Here’s some tips and info that may help a bit. But always remember to consult your professional Realtor. They can help you along the way.

Why You May Want to Buy Before Selling:

  • Find That True Dream Home – if you don’t have to sell right here right now, the ball is in your court. Meaning that you can literally spend months or years searching for your dream home. That could be a good thing or an excuse that helps you procrastinate.
  • Buying first can make the house hunting experience more enjoyable – Without a closing date looming on your existing home, you’ll have time to wait until the right home comes up for sale. It can also be less stressful knowing that if your offer is unsuccessful, you have time to wait for the next opportunity to come up.
  • Time for Renovations – having the luxury to replace the electrical and kitchen while you aren’t living in your new home can be a godsend, especially if you have young children
  • You can add a condition to any offer you make – In addition to the highly recommended conditions on financing and inspection, you can also make your offer conditional on the sale of your current home. Please keep in mind that it’s worth pointing out this condition will likely make your offer less attractive to the seller because of the uncertainty for them.

Why You May Want to Sell Before Buying:

  • Know exactly how much money you have to spend – as soon as your property is sold, you’ll know how much you have for the down-payment on the new house. That’s a great thing when it comes down to it.
  • Avoid the stress of your house or condo NOT selling – there’s a huge stress load that you need to prepare yourself for when it comes to this. What if your place doesn’t sell right away? Odds are if you were thinking of buying first before you sell. You are going to be super anxious at this point. Maybe avoiding it is a great thing?
  • Avoid bridge financing costs – this is the money the bank lends you to cover the equity in your house when you close on your purchase before sale, i.e. the extra cost of carrying two mortgages temporarily.
  • Declutter Your Life – as with most moves, you’ll be decluttering your life. But if you sell first you’ll now have that chance to sell off some of those items. Maybe you were thinking of that new couch or new kitchen tables. This may the time to do it. Then when you buy that new home you can add new items that make sense to its layout. There are times when you buy before you sell, that you’ve made the closing and possession dates tight. Meaning that you may be packing and moving close to or on the dame day.
  • Sell For More – this is a key element to most peoples life. You’ve gained memories and equity in your current home. You probably want to make some good money off your investment. If you sell first you have the luxury of negotiating terms and getting as much as you can for your place. The stress of buying first sometimes means that you have no choice but to take that first offer.

There is so much more that can be added to this. But for now, this is a good start. If you are ever looking for some answers to your questions. I’m always here to help. Contact me here.

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This Is Why Your House Isn’t Selling

This Is Why Your House Isn’t Selling

I’ve seen again and again. Most of the time I’m kind of happy when I see it. Cause it means that what we do is 10 times more than other Realtors out there. I get that the market in Vancouver is hot. But that doesn’t mean your agent can take your asset for granted, nor should you let them.

What I mean by that is, so many times I talk to people who are selling their home. They put it up for sale with an agent who doesn’t know the area they are selling. An agent who doesn’t spend any money on marketing your home. An agent who convinces sellers that iPhone photos are good enough.

I’m here to implore you to consider your options. Consider your home and what you truly deserve in the sale of your biggest investment in your life. Here is why your home isn’t selling nor will it sell for what you want it to.

You Have a MARKETING Problem if…

  • Few people are making appointments to see your home.
  • The photos are terrible or non-existent.
  • There is minimal information on your MLS listing: no room measurements, no captivating description of your home.
  • Your agent’s website gets 50 visitors a month and she thinks online marketing means having your house on realtor.ca
  • Your agent doesn’t have a website at all or a social media presence.

You Have a PRICING Problem if…

  • You’re getting lots of showings and no one is making an offer.
  • You’ve received offers from a few Buyers and they are all clustered around the same price (and it’s not your asking price).
  • The market has declined since you listed your house for sale and you haven’t adjusted your price to reflect the new reality.

You Have a SHOWING Problem if…

  • Potential Buyers can’t get in to see your property when it’s convenient for them.
  • You’ve restricted appointment times to 15 minutes with a 12-hour notice period
  • You’re home during the showings.
  • Your agent doesn’t show the property, they just use a lock box and let the buyers agent do all the work.
  • Your agent’s office doesn’t have a receptionist or answering service, so it’s hard for other agents to book appointments.

You Have a STAGING Problem if…

  • People can’t easily understand how the rooms are supposed to be used or how the TV can face the couch.
  • Potential Buyers are too distracted by the clutter and mess to see the house.
  • You don’t stage at all.
  • Your home is completely empty. You or your agent must put some effort into it.

So now that you’ve heard my rant. Let’s ask a simple question, should you use an agent that does any of this? Maybe you should consider an agent that goes above and beyond. Maybe you should consider an amazing team like ours, Garbutt+Dumas Real Estate Team. There’s a reason we sold over 150 homes and had $120,000,000 in sales last year (2017) alone.

Lets talk today and give your most valuable asset the love it deserves.


5 Great Things About Living in Port Moody

5 Great Things About Living in Port Moody

So Let’s Talk About What I Love About The Area.

Port Moody is a great city to call home and also to visit. It’s comprised of some amazing mom and pop shops, local breweries and restaurants. A great place for families, young and old couples, plus your family pet. You really will fall in love with what it has to offer and probably will be blown away on your first visit. A visit that may have you considering relocation to the suburbs.

1. The Neighbourhood: Port Moody is set up into different sections of hoods and areas. There’s Newport Village, Suter Brook Village, Brewers Row (not technically a hood per say) but I like to call it one, Anmore, Heritage Mountain, Moody Centre and more. But these are the ones I venture to on a regular basis. What I love most about these areas is that each one has its own character. I’ll write more about it soon but for a quick example.

  • Newport Village has a laid back vibe with Brown’s Restaurant (Great summertime patio), Gallaghers Cafe (Be sure to pick up a stamp card for your coffees, Buy 10 get 1 free), Kin’s Market (Fresh Veggies), St. James Well (The perfect local pub, great food and rotating taps), and The Runners Den (An amazing local shoe store for those avid runners).
  • Suter Brook Village has a Thifty Foods (great grocery store, be sure to get a beautiful bouquet of flowers and fresh sushi made on site), Romers Burgers (Great spot to watch the game), Starbucks (There’s another one in Newport Village too), Sango Sushi (best Beef Yaki Soba I’ve had so far in town).
  • Moody Centre has a lot to offer too, but my favourite is the Original’s Café Mexicano (placed in a house, cool atmosphere), Taps & Tacos (amazing happy hour, must try is the Korean Pork Taco), and Rosa’s Cucina Italiana restaurant (Prepare to wait for a table, but a must in Port Moody) plus Gabi & Jules Handmade Pies and Baked Goodness (you must stop and get one, even just a slice…absolutely no excuse).
  • Brewers Row; please read below at number 3.

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5 Tips For Helping You Sell Your Home Fast & For More Money

5 Tips For Helping You Sell Your Home Fast & For More Money

It’s that time in your life where you’ve decided to sell your home. That’s amazing and I truly hope you get exactly what you want. But what if I told you that there are some tricks to help sell your home. Tricks that are actually tips but you get what I’m saying. These tips will help you sell your home fast and for more money. Sure some of these tips are common sense but you would be surprised on how many of these are not utilized. So let’s get into this portion of the writing.

I imagine that if you are reading this and thinking of selling fast. You just want to get to the point.

Here’s a Small List to Help You on Your Journey

1. Hire A Marketing Genius Realtor: Okay so what does this mean exactly. Well what if I told you the one Realtor who has helped you before or is the first person you’ve been referred… is not your guy? It’s true that there are some bad Realtors out there. Ones that don’t have your best interest at heart, ones that are not adapting to the new age of tech.

You need to consider that one Realtor who is also a marketing genius. The one that has his or her pulse on all of todays technology, social media platforms and can think outside the box. So be sure to check out there Instagram, Facebook, Twitter and all others…even SnapChat.

2. Stage, Stage and Stage Your Home: I can personally guarantee that staging your home will sell your home faster and for more money. Now there are different ways to go about this. You can hire a staging company or maybe your Realtor stages for you. This is all dependant on where you are selling but staging is a must.

I get that you love that computer desk or old piano. I get that your couch has been in the family for generations. Great…you can take those with you when you sell. But the buyer who is coming to look at your house is going to judge your place on how it looks from the inside and outside.

So when they walk in to your home you may as well have that perfectly placed painting or photo. That beautiful table and couch. Those perfectly placed accents scattered around. take away any and all distractions and let the buyer in on an experience. One that will have them actually asking to buy the furniture from you in their offer. Seriously…this happens when you stage. Your buyers will make a bigger and better offer and will even try to buy all the furniture and things around. You of course can’t sell it if it’s not your stuff but that goes to show how effective it was.

This will single-handedly be the best thing you can do when selling your home. Even if you use your own stuff, have a professional come in to give you some ideas of what to do and where to put things.

3. Take Professional Photos: Yep…that’s right! Professional photos are a must. I get that your iPhone is the best on the market. That you consider yourself a great photographer. But it is a proven stat that professional Real Estate photos make for a fast sale and drive the value up on your property.

Do not let your Realtor be cheap and make sure that they get professional photos done. A beautiful photo that is perfectly focused instead of blurry speaks a thousand words. Odds are the buyers of your home are looking at these photos online first and judging for themselves whether to come to the Open House or not.

In fact odds are like 100% chance that they are doing that!

4. Have Open Houses: That’s right, have an Open House. It seems like utter common sense but you would be surprised at how many people don’t do them. They’ll go ahead and say stuff like, appointment only or the photos are online. There are Realtors out there that will do everything to convince you not to do an Open House…Seriously they are out there. How they still have a business and are getting business is beyond me.

It’s pretty obvious that by having an Open House and applying all these tips will bring people in to your place. That in turn will have people talking about your place, which will put even more eyes on the sale of your house. This in turn will help you sell fast and for even more money.

Reminder – Be open to all availability for your Realtor to show your home. Even before and after the Open Houses. Some buyers just can’t make it to the Opens that are available.

5. Landscaping: This is a must for any home seller. Even if you are selling a Townhouse or Condo. Make sure that the buyers first impression of the place is amazing. Imagine the difference of a place that has garage outside and haven’t raked up the leaves if it’s the fall. Compared to a perfectly manicured property and mowed lawn. Even if you have a small garden on the patio of your condo, apply this tip. It will work.

Every little detail in selling your home will go above and beyond. Think about using some white little rocks around the plant beds or planting some fresh flowers in the front. This first impression will be in your favour if you do.

So now you know some great tips about how to sell your home fast one for more. Now comes the time that you have a great educated idea of what your home is worth before you apply these.

CLICK HERE to find out what your home is worth.

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Is It Time To Consider Downsizing?

Selling With Tenants

You’ve Thought About It, Is It Now Time To Do It?

You may have spent the last decade or more in your family house. But as time has gone on and the kids are on their own, do you really need that big space anymore? That’s a question that comes up all the time. Maybe it’s time to downsize, cash out and start your next chapter. Whether it be retirement or hobby, maybe you’ve wanted to start doing more things in your spare time. So think about some of these things below, it may help you as you consider this road.

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Lets Talk About Why Your Home Is Not Selling

Lets Talk About Why Your Home Is Not Selling

Your home is up for sale and it’s time to do everything you can out of the gates. You must impress and have a great first impression. But also be ready to understand the market and how it changes through time.

Think about this for a moment. Market value is truly how much a Buyer is prepared to pay for a home and how much the Seller is prepared to accept for their home. While agents look to recent and nearby comparable sales to help us predict what that market value might be, market value is actually dictated by the Buyers and Sellers.

So when it comes to the issue at hand of why your home is not selling. Then maybe you should look at some key factors to the puzzle.


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5 Reasons You Should Hire A Millennial Realtor

Millennial Realtor

5 Reasons You Should Hire A Millennial Realtor?

There are a lot of options when it comes to hiring your next Realtor. There are so many of us out there. I get it and understand if you think I’m not right for you. But what I can tell you is there is a true reason that you should give me a chance to win you over. I’m young but not too young, I’m experienced but not jaded and I have the confidence needed to make you money!

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The 3 Key Villages in Port Moody

The 3 Key Villages in Port Moody

Let’s talk about something important for just a moment.

Port Moody is one of three cities in the Tri-Cities. The other two are Coquitlam and Port Coquitlam. But this focus is on Port Moody and specifically the three villages that are perfectly positioned within it (Newport Village, Suter Brook Village, and Klahanie Village). Port Moody really is a hidden gem that is growing so much and will be a completely different place very, very soon.

Port Moody is North Vancouver’s Lonsdale before it was what it is today. Port Moody is North Vancouver’s Deep Cove before it was what it is today. It is made up of some really great neighbourhoods and areas that you must get to know.

So let’s just talk today about these 3 Key Villages in Port Moody.

1. Newport Village; This Village is on the corner of Ioco Road and Guildford Way and is home to many great establishments. Newport Village has a laid back vibe feeling to it. More of an older demographic as it is the older of the 3 villages but that doesn’t mean it’s lacking life. It’s actually full of life! This location is very close proximity to Eagle Ridge Hospital. So a great place to be located should you want to be close to this.

I visit this village on almost a daily basis. I use it as an excuse to go to the cozy coffee shop Gallaghers Cafe (Be sure to pick up a stamp card for your coffees, Buy 10 get 1 free). This is a great place to people watch and it has a covered patio. So on those rainy days grab a warm coffee and get some work done. It’s a good place to stop when walking your dog as they have a secret cookie jar of treats for them. Also nestled in Newport is Brown’s Restaurant, a must have for an area like this. Really one of our must go places if we don’t feel like cooking or just wanting to get out of the house. This Browns has one of the best patios in the city. Great in the summer time of course. Another great stop is St James’s Well Pub. Live music on the weekends and always packed then too. Looking for a great spot to watch the hockey game or football game, really any sporting event, this pub is for you.

There really are so many great shops in this Village. Everything you need is here, you really don’t have to leave this village at all.

  • Newport Village Real Estate Info (One Bedroom)  – Click Here
  • Newport Village Real Estate Info (Two Bedroom)  – Click Here
  • Newport Village Real Estate Info (Townhouses)     – Click Here

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How To Attract Millennials To Your Business

How To Attract Millennials To Your Business

Yes this blog is focused on Real Estate but it can be applied to all businesses.

So Keep Reading

Millennials are buying real estate!

Really? It’s about time! If you actually think about it. Millennials…at least some of them are now in the mid to late 30’s. So hopefully they are thinking about their future already.

The real estate industry cannot stop talking about millennials. But what I hear mostly is that they can’t afford homes or they will never be able to buy. I hate the generalization that all millennials get grouped into.

Young buyers entering the market is a great thing for the real estate industry, particularly because the average age of first-time homebuyers has been increasing for years.

There is a small problem, though. The Real Estate community thinks it doesn’t know how to connect with millennials. They feel they are unaware of how to reach them and grab their attention. Well it’s truly through the smartphone and technology. Every single person these days is head down and focused on their phone. So find a way to connect with them and grab their attention.

You should get all the Social Media apps you can and start learning them. They are not going away anytime soon. Twitter, Instagram, Facebook, SnapChat, LinkedIN, Pinterest. Get on them now…like click these links and download them now if you are missing any….NOW!!

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