Taryn Guiel Personal Real Estate Corporation

03/10/2023

Now that we have entered the "spring market," it's an opportune time to discuss market forecasts and anticipate what's in store for those who are considering buying or selling a property this year.

The housing market faced a challenging year in 2022, as home prices declined in several major cities, and sales slowed down due to increasing interest rates and a national inflation crisis.

In January and February, National home sales were down according to the Canadian Real Estate Association, however, The Bank of Canada has announced that they’re going to put the brakes on rate increases for the foreseeable future, which has increased confidence in many buyers.

Experts are expecting the housing market recovery to be gradual at first, mainly due to the significant increase in interest rates that we saw, that will likely continue to restrain activity and limit purchasing power for some time.

Here are what experts are expecting in the housing market for 2023:

⓵. There will be fewer homes sold this year than were sold in 2022, and the national average home price is forecast to decline 5.9% due to the massive hike in interest rates we saw.

⓶. Markets are trending away from a seller’s market to a balanced market (defined by an average of 45-90 days on the market).

⓷. Property types, such as condos and townhouses, will increase in popularity in major cities because they offer more affordability.

⓸. Without a significant increase in housing supply, a return of buyers to the market – some driven by very high rental rates – should start to put upward pressure on prices again.

What does this mean for you? If you're considering selling, the time is NOW! If you're planning on buying a home, let's get together and put together a plan to help you achieve your goals as we head into a more balanced market.

03/09/2023

Buying your first home is an exciting milestone that can also feel a little overwhelming. But it doesn't have to be! To help you navigate the home-buying process with confidence, I've put together a list of what you should know before buying your first home (that no one ever tells you).

So whether you're just starting to think about buying a home or are already in the process, swipe → for a few tips and some advice on how to make the most of this exciting journey.

Tag a friend who needs to see this, or save this post for later!

03/07/2023

Selling your home can be both an exciting and also intimidating experience that may feel overwhelming at times. However, you don't have to face it alone. I'm here to help!

I've put together a list of common seller mistakes to avoid, so if you're thinking of selling this spring, you'll be prepared.

→ Watch out for these 4 common mistakes when selling your home.

Remember, finding the right agent to guide you through the process is key if you want to actually ENJOY selling your home.

03/06/2023

FEBRUARY MARKET STATS ARE OUT!

House prices in the Fraser Valley posted a slight but positive bump in February after nearly a year of month-over-month decreases. Similarly, sales, though still trending lower than normal, also recorded their first monthly gain since October

Here’s a little breakdown:

- Month sales were down 50% from the same month a year before.
- There were 48.2% fewer homes listed than the previous year.
- The benchmark price for a single-family detached home was $1,364,300

Feel free to call if you have any questions!

SURREY, BC – House prices in the Fraser Valley posted a slight but positive bump in February after nearly a year of month-over-month decreases. Similarly, sales, though still trending lower than normal, also recorded their first monthly gain since October The Fraser Valley Real Estate Board (FVREB...

03/06/2023

MONDAY MINDSET ✨

The “Law of Attraction” states that like attracts like — meaning that our thoughts and intentions will attract similar energies into our lives. By focusing on cultivating positive energy, developing your skills, and building meaningful relationships, you'll naturally attract the opportunities and resources that align with your vision. Rather than sitting back and waiting for things to come to us, we can take an active role in creating the life that we want.

The universe rewards those who radiate positivity and stay true to their authentic selves. So don't waste your time chasing after what doesn't serve you — instead, trust in the power of attraction and let the universe bring what's meant to be your way.

So, whether you're pursuing a new career, a healthier lifestyle, a fulfilling relationship, or even a new home, remember that you have the power to attract the best possible outcomes into your life, so why not start today?

03/04/2023

Signs of stability in Fraser Valley create opportunities for home buyers and sellers
SURREY, BC — House prices in the Fraser Valley posted a slight but positive bump in February after nearly a year of month-over-month decreases. Similarly, sales, though still trending lower than normal, also recorded their first monthly gain since October.
The Fraser Valley Real Estate Board (FVREB) processed 898 sales on its Multiple Listing Service® in February, an increase of 43.5 per cent over January but still only half as many as were recorded a year ago.
February new listings were also up, by 5.7 per cent over last month to 1,938 but 48.2 per cent lower than this time last year. Active listings grew by 7.0 per cent over January and by 16.3 per cent over February 2022.
The composite Benchmark price in February was $946,700 and though relatively flat compared to January with a negligible gain of 0.5 per cent, it reverses the price slide the market has been experiencing since April 2022. Further, while well below the record prices posted at that time, it is still more than 36 per cent higher than pre-pandemic February 2020.

03/03/2023

Living vicariously through Zillow: My favorite hobby (yes, even realtors do it).

Are you guilty of spending countless hours on Zillow, scrolling through homes that you can't afford? I'm here to tell you that you don't have to keep dreaming about your perfect home – you can make it a reality!

Whether you're looking for a cozy starter home or your dream kitchen, I can help you find the perfect place that fits your budget and lifestyle.

So why settle for scrolling through endless listings on Zillow when you can work with someone who can help you find your ACTUAL dream home? If you're thinking about making a move, send me a message, and let's discuss your homeownership goals.

03/02/2023

Looking for smart and convenient ways to save money? Whether it's for a future downpayment, or to pay off some debt, I've got you covered with some of my favorite money-saving apps.

These 5 apps are designed to make your life easier and can help you track your spending, automate your savings, and manage your finances more efficiently. Swipe → to learn more!

Revamp your savings game and start making the most of your hard-earned money!

03/01/2023

Reminder! Your monthly homeowner checklist ✔️

Spring is almost here, and it's time to get your home ready for the season! March is the perfect time to deep clean everything — including your baseboards & windows (trust me, it needs to be done!). Here's your March homeowner checklist to help you stay organized and keep your home in top shape.

Save this post for later and pick 1 or 2 off the list every weekend to keep your home fresh and functioning at its best! What are you tackling first?

02/28/2023

The best homeowners insurance companies!

Homeowners insurance can help you protect your home and finances. Here are our top picks for the best homeowners insurance companies.

02/28/2023

Buying a house is likely the largest purchase you’ll ever make, so it’s normal to have some anxiety over the purchase once you settle. But what happens if you keep having those thoughts a month or two after you move in? That’s called buyer’s remorse, and it’s happening more and more to buyers given the competitive market we've been in over the past few years. However, you CAN avoid home buyer’s remorse, so if you’re still house hunting, here are some ways to be confident and happy with your home purchase:

➀ Create a realistic budget & stick to it. It’s easy to get carried away when you feel like you’ve found the perfect place to call home, and even easier to stray from your budget when you’re up against multiple offers or have already lost out on a house or two. It’s important to decide on a budget and maximum monthly payment, and stick to it.

➁ Be financially ready.
Buying a home is the largest single purchase most people will make, so it’s crucial to be financially prepared. Talk to your lender about what to expect with closing costs, and get an estimate on a home before you submit an offer.

➂ Create a non-negotiable list. Get very clear on what you want before you start looking at homes. Create a list of things that you have to have and things that would be nice to have. Choose what you’re not willing to compromise on and stick to it, and don’t feel pressured to adjust your criteria just because of the lack of inventory.

➃ Don't waive too many contingencies. In order to win a home offer, you may have to waive certain contingencies that seem low-stakes. But some contingencies are there for a reason, especially the home inspection contingency. The last thing you want is to have a list of repairs you weren’t budgeting for as soon as you move in.

➄ Don't try to "time the market". If you've outgrown your home or are looking to downsize, waiting until the market conditions are perfect might end up causing disappointment.