By now you’ve likely heard that there have been some MAJOR changes in the real estate industry here in BC.
 
On June 15th, 2018 new real estate rules took effect that will change the way REALTORS® and their clients work together.
 
Specifically, the new rules will prohibit the practice of limited dual agency and require real estate licensees in BC to provide additional information to their clients about how they’re compensated.
 
The move to a single agency is a significant change from the practice over the years when Realtors could represent both sellers and buyers in a transaction. BC is the first Canadian province to implement rules that require Realtors to act only for one party.
 
These changes have been put into effect to protect you as the real estate consumer so that you can be confident that you are receiving clear information to help you make informed decisions, and getting the representation you need to navigate real estate transactions.  
 
If this video is helpful, like it, share it, and tag friends that are in the real estate market
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Fort St John Real Estate Market Update for June 2018:


 
1. The median closed Sales Price as of May 2018 was $377,500 which is up 7.1% over May 2017 at $352,400
2. The month's supply of inventory as of May 2018 was 15.5 months which is down compared to May 2017 at 17.3 months
3. The median sale price for sales closed in May 2018 was 95.5% of the original sale price
4. The average days on market as of May 2018 was 47 days which is down compared to May 2017 at 65 days
If this video is helpful, like it, share it, and tag friends that are in the real estate market.
 
To discuss real estate with me, leave a comment on this post, call/text me at 778-256-2888 or email me at eli@elichi.ca
 
(Stats provided by BC Northern Real Estate Board.  Rates in the video provided by ratehub.ca)
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(HOMEBUYERS BEWARE)
 
There are a lot of things to understand when it comes to buying a house in today’s market.
Hi, I’m Elizabeth Chi, your expert Realtor, and local Fort St John resident, and here are Five Mistakes to AVOID When Buying a Home:
 
Mistake #1 - Not choosing the right Realtor.  You need to have someone who is committed to helping you find a home.
 
Mistake #2 - Not getting pre-qualified for a mortgage.  You need to know how much you can spend BEFORE going shopping for a home.  You don’t want to fall in love with a property only to find out that you can’t afford it.
 
(FYI - send me an email to eli@elichi.ca if you want an in-depth list of the cost associated with buying a home)
 
Mistake #3 - Not understanding the costs of purchasing a home.  From inspections to lawyer fees, you need to know the whole process and the associated costs that come with buying a home so that you aren’t given any unwelcome surprises such as additional costs.
 
Mistake #4 - Not evaluating long-term needs.  How long do you plan to live in this home? Will you be getting married?  Having kids? Getting fur-babies? There are things to consider when making a large purchase like this so that you can make sure it meets your needs today as well as in the future.
 
Mistake #5 - Not getting a home inspection.  It’s always good to get a third set of eyes from a professional who is experienced and qualified to dig deep into a home and identify potential items that might be of concern to you prior to making a large purchase.
 
I want home buyers to win when they purchase and this is how it’s done.
 
If this video is helpful, like it, share it, and tag friends that are in the real estate market.
To discuss real estate with me, leave a comment on this post or call/text me at 778-256-2888 or email me at eli@elichi.ca
 
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