Multiple Offers: Which Offer to Accept

By: Kim Lee

Multiple Offers: Which Offer to Accept

Tags: Housing Market

You put your home on the market and are faced with multiple competing offers to purchase your property. The smart move is to pick the highest offer, right?  Not always. Sellers may choose to accept one of the offers, counter back one of the offers, reject all of the offers or ask to have some or all of the offers re-submitted. Deciding on the right offer is more complex than saying yes to ...Read More

The Damaging Effects of Overpricing Your Home

By: Kim Lee

The Damaging Effects of Overpricing Your Home

Tags: Real Estate

Overpricing your home causes damaging effects and results in a lack of interest and offers on your home. It stays on the market, is less appealing, becomes stale and may not appear on the search engines because it’s outside the buyer’s price range. Buyers are constantly comparing properties to determine which one offers better value. Overpricing your property will help sell your neig...Read More

Pros & Cons Of Buying A Presale & Resale

By: Kim Lee

Pros & Cons Of Buying A Presale & Resale

Tags: Presale

  Presale vs Resale: The Pros & Cons   When it comes to buying a condo, you have two options to consider: you could buy a presale or resale. Both have advantages and disadvantages and depending on your needs and financial state, one may work better for you.    Presale Advantages:   Presale usually takes 3 years to complete and you won’t have to worry about g...Read More

Selling In A HOT Market

By: Kim Lee

Selling In A HOT Market

Tags: Vancouver, Sellers Market, Housing Market

Today’s Vancouver real estate market favors sellers as homes are selling in a blink of an eye. Here is everything you need to know about selling your home in a hot market.    Selling a house can be a stressful process. You wait for showings, offers and appraisers for the clear to close. When you’re not waiting, you have the pressure to pack, clean and make financial decisi...Read More

Should I Buy Or Sell My Home First?

By: Kim Lee

Should I Buy Or Sell My Home First?

Tags: Real Estate

You’re ready for your next home and can’t stop thinking about it. But you’re wondering if it is  better to sell before you buy.   The best way to decide if you should buy or sell first is to see if the market favours buyers or sellers. Ideally, you want to sell first in a buyers’ market and buy first in a sellers market.   In a buyer’s market, inven...Read More

Vancouver Housing Update - August 2020

By: Kim Lee

Vancouver Housing Update - August 2020

Tags: Market Update

August is typically a slower month as many home buyers and sellers pause their real estate plans for summer vacations. But, 2020 has been full of surprises and the real estate market is not going through the typical seasonal trend. Many buyers and sellers who put their real estate plans on hold during Spring have been returning to the market this Summer. Last month’s sale was up 40% (36.6%...Read More

Home Deficiencies - Whose Responsibility is it? Sellers? Buyers?

By: Kim Lee

Home Deficiencies - Whose Responsibility is it? Sellers? Buyers?

Tags: Keeping Up With Kim

What happens when the home inspection report says several items need repair or replacing? If you’re a buyer or seller, there are many options: Buyers: 1. Get the sellers to fix the deficiencies 2. Reduce the sales price to make up for the repairs 3. Back out of the contract if there’s an inspection contingency in place 4. Fix the issues yourself after you move in Sellers: 1. Repa...Read More

Vancouver Housing Update Post COVID-19

By: Kim Lee

Vancouver Housing Update Post COVID-19

Tags: Market Update

    Before COVID-19 happened in mid march, 2020 looked like it was going to be a strong year. Sales in the first 3 months were 42% higher than in 2019. Sales decreased in March and April when social distancing measures kept buyers and sellers on the sidelines. Sales in May increased 34% and new listings increased 69% over April.    Prices have not been hit hard because sale...Read More

5 Ways to Support Local Businesses During COVID-19

By: Kim Lee

5 Ways to Support Local Businesses During COVID-19

Tags: Real Estate, Blog

  5 Ways to Support Local Businesses During COVID-19 1. Buy Gift Cards 2. Leave a Google Review 3. Reschedule Appointments Instead of Cancelling 4. Order Take Out Through DoorDash, Skip The Dishes or Uber Eats 5. Support Healthcare Workers by donating @ www.gofundme.com/f/feed-the-frontline-vancouver Kim Lee Oakwyn Realty Downtown Ltd.  P: 778-997-8938 E: hello@kimlee.ca   ...Read More

COVID-19 and Vancouver's Real Estate Market

By: Kim Lee

COVID-19 and Vancouver's Real Estate Market

Tags: Vancouver, Real Estate, Market Update, Coronavirus, COVID-19, Current Event, News, housing market

It has become clear that the world is facing some challenging times with what’s happening with COVID-19. I am committed to keeping my clients, community and family safe and healthy. If you are concerned with being in public and practicing social distancing, I am willing to pick up toiletries, pet food and groceries for you. If you need anything, please reach out to me! How then, has COVI...Read More