Perks of Living in Vancouver Island

Located just on the coast of Canada, in the Northeastern Pacific is Vancouver Island which is 460 kilometers in length, 100 kilometers in width and a population of 775,347. It is also the largest island on the West Coast of North America. Vancouver Island is known for its beautiful sights, beach resorts like Tofino and Ucluelet which are an attraction for the tourists. It’s also known for fishing, hiking, Scuba diving, surfing and skiing.

There are many perks you get if you decide to live in Vancouver Island so there are multiple reasons for you to make that decision and we will discuss a few.

Lifestyle

Vancouver Island presents a great opportunity to people who want to maximize their lifestyle. People can get to enjoy the outdoor activities, water activities, winter activities and parks and wildlife. Vancouver Island is also enriched with Festivals and Events that happen throughout the year and food and wine in also part of the attraction.

There are many employers who have moved their operations in Vancouver Island due to the affordability. Immense growth is observed in the tech sector and there are limitless opportunities for its residents while still having room for more growth.

Another part of the lifestyle in Vancouver Island is you can get to home from your office in 15 minutes and can have the luxury of spending more time with your loved ones and can afford to change careers without having the burden of the crippling mortgage.

 

 

 

 

 

 

 

 

Affordability

In Vancouver Island, the Real estate is very affordable. Nothing is as affordable as Vancouver on west coast within 50 kilometers. Vancouver also gives an opportunity for investment in properties in areas like Nanaimo and Duncan because there is high rental demand and competitive pricing caused by many factors such as a growing university.

Less Traffic

If you decide to live in Vancouver Island, you don’t have to worry or stress about the traffic as it’s never been an issue in Vancouver. Even if you live far from the main markets, it will only take a 20 minute drive to get you to a market where you can fulfil your shopping needs.

So considering the affordability and the lifestyle opportunities you can have in Vancouver Island, it’s a great place to invest, live and start your career.

5 Top Reasons why you should hire a Real Estate Agent when Purchasing a Property

There is lots of information available online when you start looking to purchase a property.  With lots of information, listed properties and the promise of questions answered.  If you should need any, you might think that it will be fine if you find and purchase a house on your own.

This might work out quite okay for you if no problems occur.

5 Reasons to Hire a Real Estate Agent when Considering the Purchase of a Property

  1. Agents can give Guidance when you need it: There are pitfalls in all industries and Real Estate has their own.  A Real Estate Agent has the education and experience to know where to look and what to look for in any type of property purchase.
  2. They have Information on Market Conditions: Market conditions can have a big influence on buying and selling prices for properties.  This information can determine what decision to make on choosing a property to purchase.
  3. They can Provide Information on the Local Community and Neighbourhood: They might not be allowed to give you specific information on schools, doctors, shopping centres, etc.  But, they can provide you with the facts of comparable purchase prices and direct you in the direction where you will find the information you are looking for.
  4. Real Estate Agents can Skilfully Negotiate: While keeping all the information confidential that need to stay confidential, they can negotiate the best deal for your transaction.
  5. Real Estate Agents are part of a Professional Network: When the real estate agent’s services are done, they can provide you with a list of references of professionals in other industries that might be of help to you.  The Real Estate Agent will still keep in touch to make sure that everything concludes efficiently.

Hiring an Estate Agent will give you the chance to concentrate on other important stuff, while they will handle all the paperwork, registrations, legal stuff, advertising, etc.  You only need to look at homes, read and sign papers, and they will close the deal on your new home purchase.

5 Services That a Property Seller Wants and Need from a Real Estate Agent

The most obvious service that a property seller would want from a real estate agent would be the selling of said property, at the highest price possible, and in the shortest time.  But, there is actually more to the process than only this. 

The Most Important Services that a Seller of Property Expect from their Real Estate Agent

  1. Find a Buyer; finding a buyer for their home is the first concern of any seller. A real estate agent could help with their marketing plan, advertisements in writing, multimedia, radio, and their listing platform for new properties on the market.
  2. Sell the Property within a certain Time Frame; usually as fast as possible. Marketing is again the biggest factor to accomplish this.  The availability of the property need to get out there and it needs to be seen.
  3. Pricing their Property competitively; the price should not be too high and not draw the attention. The property should be priced according to other similar properties on the market.  Real estate agents should be up to date on the prices through doing a thorough market analysis, regularly.
  4. Advice on how to make their property still more presentable; suggestions on what to do to make a home more attractive to possible buyers are welcomed. Any advice on how to enhance the presentation and look of the property will be welcomed.
  5. Deal Negotiations with buyers; a real estate agent knows how to negotiate the best deal for a client, and therefore, this can be expected as an important service.

Helping with the paperwork, organizing the needed inspections and Settlement preparations are more of the services that a property seller expects from their real estate agent.

What Factors has the Greatest Influence on Supply and Demand of Properties in the Real Estate Industry?

Real Estate prices for residential properties can fluctuate greatly.  When the demand for properties is high, the prices will skyrocket.  When there are more properties available, the prices will usually drop.  To balance these two extremes in the Real Estate Industry is not an easy feat.

Making, as, in the building, more houses available takes time, and it might not be in time for meeting the consumer demand.  This basic principle can help consumers to make better decisions on the timing of their buying or selling of property.

Factors that have a Big Influence on the Supply and Demand in Real Estate Properties:

  1. Land Parcels can become finite: You cannot refill or order more land when it runs out.  When you have a shortage in real estate supply, you can also not fill it by manufacturing more units of property.  Land is a unique commodity that cannot be duplicated when in short supply.
  2. Real Estate cannot be moved from one area to another area: When a shortage of land occurs in any given area, you cannot move land to that area from somewhere else.  Real Estate is a local commodity, it sits where it sits and will be influenced by the local conditions.
  3. Over-Supply of properties will mean Lower Prices: When too many properties, home and land, becomes available in a given area, you can expect prices to fall.  You cannot move existing property to another area to keep a balance and the prices stable.
  4. An Under-Supply of properties will mean Higher Prices: When any given area runs out of land to build properties on or the existing homes is not enough to fill the demand, the prices will go higher.  Even if the land were available, it takes too much time to build more houses, to balance out the demand.

Real Estate is a business that is influenced by the demands and changes in the local areas where they are situated.  As a real estate professional, you need to keep up with the local economic indicators to be able to help your clients with the best information on the regions or areas they want to sell or buy properties.