Selling Your Home

Bridge financing is short-term borrowing that helps cover the gap when your next home purchase closes before the sale of your current home. In practical terms, it can let a seller use equity from the home they are selling to complete the purchase of the next property without waiting for the sale proceeds to arrive first. RBC describes bridge financing as a temporary option designed to “bridge” that timing gap, and notes that lenders typically want a firm sale agreement in place on the existing home. Why Greater Victoria sellers ask about it more in a balanced market Bridge financing becomes especially relevant when sellers want to move quickly on a purchase but do not want to feel rushed into selling first. That question matters in Greater Victoria right now because the market is offering more choice and less urgency than the tightest seller-market periods. The Victoria Real Estate Board reported 579 sales in March 2026 and 3,261 active listings at month-end, and described the current environment as one where buyers and sellers both have opportunities, with more time for due diligence and decision-making. That kind of market can be helpful, but it also creates a planning challenge. Sellers may find the right replacement property before their own sale has completed. Bridge financing can be the tool that keeps the move possible. How bridge financing usually works The basic structure is simple: You buy your next home Your current home has a firm sale The closing dates do not line up A short-term loan covers the gap until your sale completes For example, if you are buying a new home on June 1 but your current home does not complete until June 20, a bridge loan may cover those 19 days. Once your sale closes, the bridge loan is typically paid off from the sale proceeds. RBC says bridge loan terms are commonly short-term, often up to six months, though actual terms vary by lender and situation. When bridge financing can make sense Bridge financing can be useful when: You have a firm accepted offer on your current home Your purchase closes before your sale You need access to equity for the down payment or closing funds You want to avoid a rushed sale or temporary move This is often relevant for sellers who are upsizing, downsizing, or trying to buy a specific property type that does not come up often. In those cases, bridge financing can create flexibility that makes the move more manageable. What sellers need to understand before using it Bridge financing is helpful, but it is not something to use casually. RBC specifically notes that bridge financing is expensive and not recommended as a matter of course. It is a short-term solution, not a default strategy. Here are the big points sellers should understand: A firm sale is usually important. Lenders often want confirmation that your current home is sold before approving bridge financing. It adds carrying costs. Because it is short-term borrowing, the cost can add up quickly if the gap is longer than expected. Closing dates matter. Even a strong sale and purchase can become stressful if dates are poorly coordinated. It works best with a clear financing plan. Your lender, mortgage broker, and Realtor should all be working from the same timeline. The biggest mistake to avoid The biggest mistake is treating bridge financing like a backup plan for an unsold home. Bridge financing is usually strongest when it is supporting a move that already has clear structure: a firm sale, a known completion date, and lender approval based on that timing. It is much riskier to assume financing will solve a weak sale plan, an aggressive purchase timeline, or a home that has not yet attracted serious buyers. In other words, bridge financing should support strategy, not replace it. How this affects Greater Victoria sellers specifically In a market with more listings and more buyer choice, sellers need to think carefully about timing. If your next purchase depends on the sale of your current home, pricing, preparation, and negotiation strategy all matter even more. A poorly timed sale can create stress. A well-timed one can make bridge financing either unnecessary or very short. That is why bridge financing is really a planning conversation before it becomes a lending conversation. In Greater Victoria’s current market, good sequencing can matter just as much as good pricing. VREB’s March 2026 data points to a market with solid inventory and more measured activity, which makes that sequencing work especially important. The bottom line Bridge financing explained for Greater Victoria sellers comes down to one idea: it is a short-term tool that can help when your purchase closes before your sale, but it works best when the rest of the move is already well planned. Used properly, it can reduce stress and help you secure your next home. Used without a clear strategy, it can add cost and pressure at exactly the wrong time. Bridge financing is not one-size-fits-all. Reach out to Faber Real Estate Group if you would like an introduction to a reliable mortgage broker to help you explore your options. Justin V., 5-Star Review, via Google “Scott and Cal were absolutely phenomenal! From the moment we met them, we knew we were in good hands. Their in-depth knowledge of the Victoria market was impressive, and they guided us through the entire home selling and buying process with expertise and patience. They were always available to answer our questions, and their negotiation skills were top-notch. Thanks to their hard work, we found our dream home! We highly recommend The Faber Group to anyone looking to buy or sell a property.” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

In a hot seller’s market, some homes can get away with ambitious pricing because urgency does a lot of the work. In a balanced market, that changes. Buyers have more options, more time to compare, and more room to negotiate. That means pricing is no longer just a number. It becomes part of the strategy. Greater Victoria is showing the kind of conditions that make smart pricing especially important. The Victoria Real Estate Board reported 3,261 active listings at the end of March 2026, up 12.3 per cent from February, while 579 properties sold in March. VREB described current conditions as offering opportunity for both buyers and sellers, with fewer high-pressure transactions and more time for due diligence. What strategic pricing really means Strategic pricing does not mean pricing low for the sake of creating a bidding war. It also does not mean pricing high just to leave room to negotiate. In a balanced market, both approaches can backfire. Strategic pricing means: Positioning your home where serious buyers see value Using recent comparable sales, current competition, and buyer behaviour together Choosing a price that supports your timing goals as well as your financial goals The goal is simple: create enough confidence that buyers feel your home is worth seeing, worth considering, and worth acting on. The biggest pricing mistake sellers make The most common mistake is treating list price like a wish list instead of a market position. Many sellers look at what they want to net, what a neighbour listed for, or what improvements they made, and build a price from there. The problem is that buyers do not price homes that way. Buyers compare your home against every other option available to them right now. In a balanced market, overpricing usually does not create leverage. It creates hesitation. When a home sits too long, buyers start asking the wrong questions: What is wrong with it? Why has it not sold? Is the seller unrealistic? Should we wait for a price reduction? That is how a home can lose momentum before it ever gets a real chance. What buyers are actually looking at Today’s buyers are rarely judging your home in isolation. They are comparing it to: Recent sold properties that set expectations Current active listings that compete for attention Homes that failed to sell which quietly show where the market rejected pricing That last category matters more than many sellers realize. Expired and stagnant listings are often the clearest warning sign that the market did not agree with the price. A smart pricing strategy studies all three. How to price with the market, not behind it 1. Start with the most relevant comparables The best comparable sales are recent, nearby, and genuinely similar in size, condition, layout, and location. Not every sale in the neighbourhood is helpful. A smaller updated home may outperform a larger dated one. A home on a quiet street may command more than a similar one on a busier road. Pricing strategy starts with knowing which differences matter to buyers and which ones do not. 2. Look at your competition honestly Sold data tells you where the market has been. Active listings tell you what buyers are choosing between today. If your home is similar to two or three competing listings, your price needs to answer a simple question: why would a buyer choose yours? Sometimes the answer is condition. Sometimes it is lot size, layout, updates, or location. Sometimes the answer has to be price. 3. Build in room for buyer psychology Even in a balanced market, buyers still respond to perceived value. A home priced just well enough to stand out can generate stronger early interest than one priced slightly too high. That matters because the first week or two is often when your listing gets the most attention. If that window is wasted, catching back up can be difficult. 4. Match the pricing strategy to your goal Not every seller has the same objective. If timing matters most, pricing closer to the strongest value range may help create faster traction. If maximizing price matters most, the strategy may involve pricing with slightly more patience, but still within a range the market can support. If the home is unique, pricing may require more explanation, stronger presentation, and tighter positioning. Good pricing is never one-size-fits-all. Signs your price is working A strategic price usually creates a pattern: Strong online views and saves Solid showing activity in the first couple of weeks Meaningful buyer feedback Interest from buyers who are properly matched to the home and price point If showings are low and feedback keeps circling back to price, the market is usually giving you an answer early. Signs your price is missing the mark Watch for these warning signs: Plenty of views online but very few showings Showings without second visits or serious follow-up Repeated comments that similar homes offer better value The listing starts to feel stale compared with new inventory In a balanced market, time can quietly become your competition. The longer a listing sits without a clear reason, the more negotiating power tends to shift away from the seller. Why this matters in Victoria right now This is exactly why pricing strategy matters so much in Greater Victoria today. Inventory has been rising, buyers have more breathing room, and VREB has described the market as one with good supply and reasonable demand rather than high-pressure urgency. That means sellers can still succeed, but the homes that stand out are usually the ones that combine good presentation, clear value, and accurate pricing. That answer-first, highly structured approach also matches the blog SEO and AEO direction identified in your site audit, which emphasized stronger clarity, cleaner answer extraction, and more strategic content framing. The bottom line To price your home strategically in a balanced market, think less about pushing the ceiling and more about controlling the outcome. The right price helps attract the right buyers, protects your momentum, and gives you a stronger position when offers come in. A well-priced home does not just sit on the market waiting to be discovered. It gives buyers a reason to act. If you are thinking about selling and want a pricing strategy built around today’s Greater Victoria market, contact Faber Real Estate Group for tailored advice on how to position your home with confidence. Lauren A., 5-Star Review, via Google Excellent and professional real estate service! I referred Scott Faber to my father to sell his house. The process went smoothly, and sold in a very short time frame - OVER the asking price! Highly recommend! Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

The spring market in Victoria, BC is now taking shape, and this year it looks more balanced, more selective, and less rushed than the fast-moving markets many people still remember. March 2026 sales in the Victoria Real Estate Board region rose to 579 properties, up 24.5 per cent from February, while active listings climbed to 3,261. VREB described this as a fairly typical spring pattern that usually builds toward May or June. More Listings Means More Choice One of the clearest themes this spring is inventory. Buyers are seeing more options than they did in many recent spring markets, and that changes the tone of the market. At the end of March 2026, active listings were up 12.3 per cent from February and 7.9 per cent from March 2025. That matters because more selection usually gives buyers more time to compare properties, review documents carefully, and make decisions with less pressure. This trend was already building in February. VREB reported 2,903 active listings at the end of that month, up 10.6 per cent from January and 10.4 per cent from the year before. In other words, spring did not suddenly appear in March. It has been building in stages, with supply steadily improving as more sellers prepare to list. Buyers Should Expect Better Conditions Than Recent Years For buyers, this spring should feel more manageable than the highly competitive conditions of past years. VREB noted that current conditions are creating fewer high-pressure transactions and allowing more time for due diligence. That does not mean every home will sit or every seller will negotiate heavily. Well-priced homes in strong locations can still move quickly. It does mean buyers have a better chance to compare options and make decisions with a plan rather than panic. That fits the broader provincial picture as well. BCREA says inventory across BC is running near its highest level in more than a decade, and it expects markets to remain broadly balanced in 2026, with price growth tempered by higher supply. Sellers Should Expect More Competition For sellers, the spring market still offers opportunity, but not in the same way it did in ultra-tight markets. More listings mean more competition. Buyers have more homes to compare, so pricing, presentation, and strategy matter more. A property that is well prepared and priced in line with today’s market can still attract strong attention. A property that is overpriced or poorly presented may sit longer than expected. This is where many sellers can get caught off guard. Spring brings more buyer activity, but it also brings more competing listings. More activity does not automatically mean more leverage for every seller. In a balanced market, the homes that stand out usually do so because the strategy behind them is stronger, not because the season alone carries them. This matches the current reality that VREB describes as offering opportunities for both buyers and sellers rather than strongly favouring one side. Prices Are Showing Stability More Than Acceleration If you are wondering whether spring 2026 will bring a sharp jump in prices, the current data suggests a steadier pattern. In the Victoria Core, the MLS HPI benchmark for a single-family home was $1,330,200 in March 2026, down 1.1 per cent from March 2025 but up from February 2026. The benchmark for a condo was $553,800, down 0.8 per cent year over year and also up month over month. That tells an important story. Prices are not showing the kind of fast upward pressure that buyers feared in past spring markets, but they are also not collapsing. Instead, we are seeing a market where values are relatively stable, with modest month-to-month improvement as spring demand builds. What This Means for Buyers If you are buying this spring, expect more choice, more time to think, and more room to be strategic. That said, do not confuse a more balanced market with an easy market. Good homes can still attract competition, especially if they are priced well and show well. The advantage for buyers this year is not unlimited negotiating power. It is the ability to be more deliberate. A smart buyer strategy this spring is to get clear on your budget, target neighbourhoods, and must-haves before the right property appears. When the right fit does come up, preparation still matters. The buyers who do best in a balanced spring market are often the ones who are patient first and decisive second. What This Means for Sellers If you are selling this spring, expect buyers to notice value gaps more quickly. They have more listings to compare, and that makes strong pricing and strong presentation more important. Spring can still be an excellent time to list, but it is no longer enough to rely on seasonal momentum alone. Sellers who are realistic from the start often put themselves in a stronger position than those who test the market too high and hope conditions will do the work for them. In this market, preparation, marketing quality, and pricing discipline are what create leverage. The Bottom Line on This Year’s Spring Market The spring market in Victoria, BC looks active, but measured. Sales are rising seasonally, inventory is improving, and the market is giving both buyers and sellers room to make better decisions. That is a healthier environment than the rushed conditions many people associate with spring real estate. It also means strategy matters more than ever. If you are planning to buy or sell this spring, the best next step is not to guess where the market is going. It is to understand how your specific property type, price point, and area fit into today’s conditions. If you want help building the right plan for this spring market, contact Faber Real Estate Group for advice tailored to your move. Leanne D, 5-Star Review, via Google “I would highly recommend the Faber Group this is the second time we have used them and have been over the top happy with their service. They are an honest group of men who all go above and beyond to make your experience perfect!” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

Selling a tenanted home in BC can be done successfully, but it requires a different strategy than selling a vacant property. If you are selling a tenanted home in BC, you need to balance marketability, legal compliance, tenant rights, and buyer expectations from the start. One of the biggest mistakes sellers make is assuming they can simply ask the tenant to leave once they decide to list. In British Columbia, that is not how it works. A tenancy usually continues when a property is listed for sale, and a landlord cannot end a tenancy just because they want to sell. The First Thing Sellers Need to Understand A tenant in place does not prevent a sale. What it changes is the process. In many cases, the property can still appeal to: investors who want rental income from day one buyers who are flexible on possession timing buyers who plan to move in later, once the legal process allows it That said, the buyer pool is often narrower than it would be for a vacant home. Some owner-occupiers will hesitate if they need immediate possession, and some buyers will be cautious if they are unsure about notice periods, showing access, or the condition of the tenancy. This is where pricing and presentation matter more. A tenanted home usually needs stronger expectation-setting, cleaner communication, and a marketing plan built around the reality of tenant occupancy, not around an ideal vacant-show-home scenario. You Usually Cannot End the Tenancy Just Because You Want to Sell This is the rule many sellers misunderstand. In BC, the tenancy continues while the home is being marketed. The landlord cannot end the tenancy simply because the property is going on the market. That means the home may be sold: with the tenant staying in place with the buyer taking over as the new landlord or, in some cases, with notice given later for purchaser occupancy if the legal requirements are met When Can a Tenant Be Given Notice for Purchaser Occupancy? A seller may be able to end the tenancy for purchaser occupancy, but only in a specific situation. There must be a genuine accepted sale, and the purchaser must intend in good faith to occupy the property. BC now uses a Three Month Notice to End Tenancy for Purchaser’s Use process for qualifying situations, and the approved RTB form must be generated through the Residential Tenancy Branch web portal. The landlord must give three months’ notice for purchaser occupancy, and the tenant has 21 days to dispute the notice. The tenant is also entitled to one month’s rent as compensation, which must be paid on or before the effective date, or the landlord can allow the tenant to withhold the final month’s rent instead. This is why timing matters so much. If a buyer wants vacant possession for personal use, the transaction timeline, contract terms, and notice process all need to be handled carefully. Bad-Faith Risk Is Real Sellers and buyers both need to take purchaser-occupancy notices seriously. If a tenancy is ended for landlord or purchaser use, the stated reason must be genuine. BC guidance says the person moving in must actually follow through, and if the unit is not used for the stated purpose within a reasonable period, compensation may be owed. Province guidance also says the person moving in must occupy the home for a minimum of 12 months, and bad-faith evictions can lead to compensation equal to 12 months’ rent. For sellers, this means you should never market “vacant possession” casually unless the legal path is clear. Showings Need to Be Handled Properly Another major issue when selling a tenanted home in BC is access. Tenants have a legal right to quiet enjoyment while the tenancy continues. Ideally, the landlord and tenant agree in writing on a showing schedule. If there is no written agreement, the landlord must generally give 24 hours written notice for each showing. Entry notice must be between 8 a.m. and 9 p.m., and the notice must state the date, time, and reason for entry. This matters for marketing strategy because: last-minute showings become harder open access is less realistic repeated disruptions can create friction presentation may be less consistent than in a vacant listing In other words, the home can still sell well, but the plan has to respect both the law and the tenant relationship. Why Tenant Cooperation Can Change the Outcome A cooperative tenant can make a tenanted sale much smoother. An uncooperative one can affect: showing volume buyer impressions photography timing condition during visits overall sale momentum That does not mean a seller is powerless. It means the approach needs to be proactive. Good practice often includes: explaining the sale process clearly giving as much notice as possible grouping showings where reasonable keeping communication respectful and documented considering whether a cleaning, gift card, or other lawful gesture may help cooperation Often, the result of a tenanted sale is shaped less by the tenancy itself and more by how the relationship is managed during the listing period. Should You Sell to an Investor or an Owner-Occupier? This is one of the most important strategy questions. If the tenancy is stable, rent is attractive, and the property suits an income buyer, selling to an investor may be the simplest path. The tenancy stays in place, the buyer inherits the rental relationship, and the transition can be more straightforward. If the best likely buyer is an owner-occupier, then possession timing becomes central. The sale strategy needs to account for notice periods, compensation, and the buyer’s real move-in timeline. The wrong move is trying to market to everyone with vague promises. The better move is deciding early which buyer profile is most realistic and building the pricing, terms, and messaging around that. What Sellers Often Miss Many sellers focus only on the legal side and forget the market side. A tenanted property can lose leverage when: photos are rushed or limited buyers are unclear on possession showings are difficult to book tenant communication breaks down the home is priced like a vacant, fully accessible listing The right approach is to price with context, disclose clearly, and remove uncertainty wherever possible. Buyers do not always walk away because a home has tenants. They often walk away because the process feels unclear. A Practical Way to Approach the Sale If you are selling a tenant-occupied property, think in this order: understand the current tenancy and documents confirm the most likely buyer type build a showing plan that complies with BC rules set realistic expectations around possession avoid promising vacancy unless the legal path is clear work with an agent who understands both the market and the tenancy framework That approach protects the seller, respects the tenant, and gives buyers more confidence. Final Thoughts Selling a home with tenants in place is absolutely possible, but it is rarely a standard sale. It requires better communication, more precise timing, and a strategy built around the facts of the tenancy rather than assumptions. When handled properly, a tenanted property can still sell efficiently and at a strong price. If you are planning on selling a tenanted home in BC and want help building the right pricing, notice, and marketing strategy, contact Faber Real Estate Group for guidance tailored to your property and situation.   Mark G., 5-Star Review, via Google “One of the best experiences I’ve had with a realtor. . Above all, it seems that i have gained a great relationship and i appreciate that more than feeling like just a transaction.. I will definitely be going back for my next big purchase!” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

Deciding whether to sell before you buy Victoria BC is one of the biggest strategy questions homeowners face. It sounds simple on the surface, but the right answer depends on your equity, risk tolerance, financing options, and the type of market you are moving through. In Greater Victoria, that decision matters even more right now because inventory has been stronger while sales activity has been more measured, creating conditions that are closer to balanced, and in some segments near the threshold of a buyer’s market. The Victoria Real Estate Board reported 465 sales in February 2026, down 11.9 per cent from February 2025, while benchmark prices in the Victoria Core were relatively steady year-over-year, with single family homes at $1,307,400 and condos at $545,600. Why this decision matters so much Many sellers assume the only goal is to avoid being homeless or carrying two homes at once. That is part of it, but there is a bigger issue underneath: sequence creates leverage or pressure. When you sell first, you usually gain clarity. You know your sale price, your equity position, and your financing range. When you buy first, you may gain convenience, but you also take on more uncertainty if your current home does not sell as quickly or as strongly as expected. That is why this is not just a timing question. It is really a risk-management question. When selling before buying makes sense For many homeowners, selling first is the safer and more strategic move. It often makes sense when: you need the equity from your current home for the next down payment your finances do not comfortably support owning two properties at once you are moving up in price and want a firm budget before shopping your current property may take time to sell you want stronger negotiating clarity on your next purchase In a market with more choice for buyers, selling first can reduce the chance of being forced into a rushed price reduction later. VREB noted that January 2026 sat near the threshold between balanced and a buyer’s market due to stronger inventory and fewer sales, which is exactly the kind of environment where overconfidence can cost sellers leverage. The biggest advantage of selling first The biggest benefit is control. Once your home is sold firm, you are no longer guessing: how much equity you will walk away with whether your buyer will complete what mortgage amount you can comfortably carry how aggressively you need to negotiate on your next purchase That clarity often leads to better decision-making. Sellers who know their numbers tend to shop more confidently and avoid stretching just because a property feels emotionally right. When selling before buying may not make sense Selling first is not always the best option. It may not make sense when: you are in a very tight segment with limited replacement inventory you have strong finances and flexibility you are highly specific about location, school catchment, or property type you would rather secure the right home first and manage the overlap temporary housing would create too much disruption This is especially true for downsizers or buyers looking for a very specific product, such as a one-level townhome, a certain condo building, or a rare neighbourhood fit. In those cases, finding the next home can be harder than selling the current one. So while selling first reduces financial risk, it can increase lifestyle uncertainty if the replacement options are limited. When buying first can make sense Buying first can work well when the next home is harder to find than the current home is to sell. It may make sense when: you have substantial equity and strong financing you can qualify without relying fully on your current home sale the home you want is uncommon and worth locking in you have access to bridge financing or other short-term liquidity your current home is in a highly marketable price range and condition This strategy can also reduce pressure on your move. Instead of racing to line up dates, you may have time to renovate, pack gradually, and prepare your existing home properly for market. The trade-off is obvious: convenience can come with cost and risk. The role of subject to sale offers Some buyers try to split the difference by writing an offer that is conditional on the sale of their current home. In BC, this is commonly handled through a subject to sale clause. BCFSA’s clause guidance explains that a buyer can make their purchase conditional on entering into a sale contract for their existing property, or on that contract becoming unconditional by a certain date. BCFSA also notes that sellers often protect themselves by continuing to market the property and using time-clause language where appropriate. This approach can make sense, but it is not always competitive. In practical terms: it can protect the buyer from owning two homes it can help a seller buy without fully selling first it is usually less attractive to the seller on the other side it can be harder to win in a desirable or competitive segment So yes, subject to sale can be useful, but it should not be treated like a magic solution. It is simply one tool, and it works best when the property you are pursuing has less competition or has been on the market longer. Risks sellers often underestimate The real problem is not choosing one sequence or the other. The real problem is underestimating the downside of the wrong fit. If you sell first, the risks are: feeling rushed to buy settling for a home that is only “good enough” needing temporary housing or storage facing rising prices in the segment you want next If you buy first, the risks are: carrying two homes longer than expected accepting a weaker offer on your current property due to time pressure increasing debt and stress during the transition discovering your lender or budget is tighter than expected This is why generic advice rarely helps. The right strategy depends on what kind of move you are making, not just what the market is doing overall. A better way to think about the decision Instead of asking, “Should I sell first or buy first?” ask these questions: Is my current home easier to sell than my next home is to find? Do I need my sale proceeds to complete the next purchase? Could I comfortably carry overlap if my home took longer to sell? Am I moving because I want a better fit, or because I need a strict timeline? How much stress am I willing to absorb to gain flexibility? Those questions usually lead to a better answer than broad market opinions. What this often looks like in real life A move-up buyer with limited cash flexibility usually benefits from selling first. A downsizer targeting one specific building may prefer to buy first. A family relocating within the Westshore may choose whichever option creates the least disruption to school, work, and childcare. An investor or highly liquid homeowner may be able to be more opportunistic. The strategy should match the household, not just the headlines. The bottom line Selling before buying makes sense when financial clarity matters more than convenience. Buying before selling can make sense when securing the right replacement property is the harder part of the move. Neither path is automatically right. The best choice is the one that protects your downside while still giving you enough flexibility to make a smart move. If you are weighing whether to sell first or buy first in Greater Victoria, contact Faber Real Estate Group for advice tailored to your property, your price range, and the kind of move you want to make next. Helen M., 5-Star Review, via Google “Cal and Scott are the best. They made it happen and made the entire process of securing my condo smooth and stress free. They were always supportive, responsive, and clearly committed to getting the right result. I am very grateful for their hard work and would highly recommend them to anyone looking for reliable, dedicated realtors.” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

The demand for condos remains strong, and understanding the popular condo features in Greater Victoria helps buyers narrow their options among many new and resale developments. With increased inventory and diverse building styles across the region, buyers now focus more on lifestyle, efficiency, and long-term value when choosing a condo. Open Layouts and Functional Floor Plans Buyers consistently prioritize layouts that maximize usable space. Open-concept living areas create better flow, allow more natural light, and make smaller units feel larger. Additionally, buyers value: Flexible spaces for home offices or guest areas Bedrooms positioned away from main living spaces Efficient storage solutions within the unit As remote and hybrid work remains common, functional floor plans continue to rank among the most popular condo features. Outdoor Living Spaces Private outdoor areas strongly influence purchasing decisions. Even compact balconies add valuable living space and improve resale appeal. Buyers often look for: Covered patios or balconies usable year-round South or west-facing exposure for sunlight Space for seating, plants, or small entertaining setups In a region known for its mild climate and scenic views, outdoor access significantly increases buyer interest. Modern Kitchens and Quality Finishes Kitchens remain a central selling feature. Buyers prefer clean, modern finishes that require minimal upgrades after purchase. Highly desirable kitchen features include: Quartz or stone countertops Full-size stainless steel appliances Soft-close cabinetry Kitchen islands or breakfast bars Quality finishes signal durability and reduce immediate renovation costs, which appeals to both first-time buyers and downsizers. In-Suite Laundry and Storage Convenience plays a major role in condo selection. In-suite laundry is now considered essential rather than optional. Buyers also seek adequate internal storage, including closets, pantries, and utility spaces. Separate storage lockers and secure bike storage further increase building appeal, especially for active Greater Victoria residents. Parking and EV Charging Parking availability remains a key factor, particularly outside downtown Victoria. Buyers often prioritize: Assigned or secure underground parking Visitor parking availability Electric vehicle charging infrastructure As EV ownership rises across Vancouver Island, buildings that offer charging options often attract more interest. Building Amenities That Support Lifestyle Amenities vary widely between developments, but buyers tend to favour practical features over luxury extras. Popular amenities include: Fitness centres Secure package delivery systems Resident lounges or shared workspaces Pet-friendly policies and dog washing stations These amenities enhance day-to-day living while strengthening long-term resale value. Energy Efficiency and New Building Technology Sustainability continues to influence buyer decisions. Energy-efficient buildings reduce operating costs and align with environmental values common among Greater Victoria residents. Buyers increasingly look for: Energy-efficient windows and heating systems Heat pumps or modern HVAC systems Smart home features such as digital entry and thermostat control Developments that incorporate these technologies often stand out in competitive markets. Location and Walkability Beyond the unit itself, buyers focus heavily on surrounding neighbourhood features. Proximity to amenities improves convenience and lifestyle quality. Top location priorities include: Walkable access to groceries, cafes, and services Access to transit and major commuter routes Proximity to waterfront trails and parks Downtown Victoria, Vic West, the Westshore, and Saanich developments each attract buyers for different lifestyle reasons, making location one of the strongest value drivers. Final Thoughts With numerous developments available, buyers are carefully comparing options and prioritizing comfort, convenience, and long-term investment potential. Understanding the most popular condo features can help buyers identify units that align with their lifestyle while protecting resale value. If you are considering buying or selling a condo in Greater Victoria, contact us anytime to discuss your options and current market opportunities. Florenda S., 5-Star Review, via Google “We worked with Cal & Scott selling our home recently. The effort they put into the sale was amazing with the photo virtual walk through set, the video, the night shots and open houses. Our house sold very quickly even in a slowdown in the market.” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

Current Vancouver Island real estate trends are showing a market that is more balanced, more selective, and more nuanced than many buyers and sellers expected. Current Vancouver Island real estate trends point to a spring market with healthier inventory, softer year-over-year sales in some regions, and pricing that is holding relatively steady rather than swinging sharply in either direction. That matters because “Vancouver Island” is not one single market. Greater Victoria follows its own board statistics, while many other Island communities fall under the Vancouver Island Real Estate Board. Still, the broader pattern is becoming clearer: inventory has improved, buyers have more choice, and homes that are priced and presented well are still attracting attention. Inventory Is Giving Buyers More Breathing Room One of the biggest current shifts is selection. In the Victoria Real Estate Board region, active listings reached 2,903 at the end of February 2026, up 10.6 per cent from January and 10.4 per cent from February 2025. VREB described conditions as moving into a more balanced market as sales activity improved through February. Outside Greater Victoria, the Vancouver Island Real Estate Board reported that February 2026 sales picked up from January while active listings rose about five per cent year over year. That does not mean every area is slow. It means buyers are no longer dealing with the same level of scarcity that defined earlier markets. For buyers, this creates more room to compare properties, review strata documents carefully, and negotiate more strategically. For sellers, it means the market is still workable, but stronger competition is back. Sales Activity Is Improving Month to Month, Even if Year-Over-Year Comparisons Look Softer A common mistake is to look only at year-over-year sales and assume demand is weak everywhere. The more useful story right now is that activity is improving as spring approaches. In Greater Victoria, total February 2026 sales were up 37.2 per cent from January, even though they were down 11.9 per cent from February 2025. VREB’s chair noted that the spring market will be worth watching closely because February showed a meaningful pickup from the slower start to the year. VIREB also reported a February rebound as spring approached, with 465 unit sales across all property types, down three per cent from a year earlier but stronger than January. The practical takeaway is simple. Demand has not disappeared. It has become more cautious, more price-sensitive, and more dependent on value. Pricing Is Looking More Stable Than Dramatic Current Vancouver Island real estate trends also show that prices are not moving in one extreme direction. In Greater Victoria, the benchmark value for a single-family home in the Victoria Core was $1,307,400 in February 2026, down 0.9 per cent from February 2025 but up from January 2026. The benchmark value for a condominium in the Victoria Core was $545,600, down 0.7 per cent year over year and also up from January. At the provincial level, BCREA reported that the average MLS® residential price in BC in February 2026 was $932,243, down 2.9 per cent from February 2025. BCREA also said overall activity remains below historical norms, with February unit sales sitting 32.87 per cent below the ten-year average for the month. This points to a market that is not collapsing, but also not rewarding overconfidence. Sellers who reach too high may sit. Buyers waiting for a major price drop may find that the actual story is steadier pricing combined with better choice. Balanced Conditions Are Changing Negotiation Strategy A balanced market changes behaviour on both sides. Buyers often have: more time for due diligence more options within the same budget better leverage when a listing is stale or poorly positioned Sellers still have opportunity, but the old “list and wait for a bidding war” mindset is less reliable. In this kind of market, pricing strategy, property preparation, and strong marketing matter more because buyers can compare more inventory side by side. This is especially important on Vancouver Island because local submarkets behave differently. A well-priced home in a desirable Victoria neighbourhood may move very differently than a larger home in a slower-moving secondary market. The Island is active, but it is not uniform. Interest Rates and Confidence Are Still Part of the Story BCREA has signalled that improved affordability conditions and stable rates could help bring more buyers back into the market through 2026. In a separate 2026 outlook, BCREA said economists were forecasting a provincial sales rebound, with sales expected to rise 12.8 per cent to 81,700 units as buyers re-engage. That does not guarantee a surge everywhere, but it does support the idea that today’s market may be an early-stage transition rather than a flat year from start to finish. For buyers, that can mean opportunity before confidence broadens. For sellers, it can mean getting ahead of more competing listings if they are planning to come to market in spring or early summer. What This Means for Buyers Right Now For buyers, the current Vancouver Island real estate trends suggest a market where patience and preparation can finally work together. That means: getting pre-approved before spring activity builds further comparing neighbourhoods rather than chasing only one pocket focusing on long-term suitability, not just short-term discount hunting watching days on market and price adjustment patterns closely In a more balanced market, the best opportunities are often not the newest listing. They are the homes where timing, presentation, and seller expectations have created room for a more thoughtful deal. What This Means for Sellers Right Now For sellers, the message is not negative. It is strategic. Homes can still sell well in this environment, but they usually need: accurate pricing from day one polished presentation and strong photography a clear value story compared with nearby competition realistic expectations about negotiation When inventory rises, buyers become better at comparison shopping. That means sellers need to remove uncertainty, not add to it. Final Thoughts The clearest reading of current Vancouver Island real estate trends is this: the market is active, more balanced than before, and increasingly driven by strategy rather than momentum alone. Inventory has improved, sales have started to rebound month to month, and prices appear relatively stable rather than sharply volatile. For buyers, that creates more choice and better decision-making conditions. For sellers, it creates a market where preparation and pricing discipline matter more than ever. If you want help interpreting what these trends mean for your area, your property type, or your timing, contact Faber Real Estate Group for clear local guidance tailored to your next move. Christina A., 5-Star Review, via Google “We had such a great experience working with Scott Faber during our recent home buying! From the start, Scott made everything super easy and was always there to answer our questions. Scott really listened to what we wanted and helped us find the perfect place. What we appreciated most was how down-to-earth and approachable he was. No matter what came up, Scott was on top of it and kept us in the loop the whole time. We felt like we were in great hands the entire process. I’d definitely recommend Scott to anyone looking for a real estate pro who truly cares and knows their stuff!” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

If you want to prepare your home for listing photos properly, the goal is not perfection. The goal is clarity. Great listing photos help buyers understand the home, picture themselves living there, and decide whether your property is worth seeing in person. Poor photos can do the opposite, even when the home itself is strong. In today’s market, buyers usually see your photos before they read the full description, book a showing, or ask a question. That means your photos are often your first showing, not just a marketing extra. When a home looks clean, bright, and well-prepared online, it creates stronger first impressions and can increase both interest and confidence. Why listing photos matter so much Most buyers begin their search online. They scroll quickly, compare homes side by side, and make decisions in seconds. If the photos feel dark, cluttered, cramped, or inconsistent, many buyers move on before ever learning the property’s real value. Strong photos matter because they help: Increase click-throughs from MLS and listing websites Create better first impressions before a showing Make the home feel more spacious, bright, and cared for Attract more qualified buyers who already like what they see Support stronger marketing across social media, email, and brochures Good real estate photography does not just document the home. It positions it. The biggest mistake sellers make Many sellers assume the photographer will make everything look better. A skilled photographer absolutely helps, but photography cannot fully fix clutter, poor lighting, visible damage, crowded surfaces, or rooms that feel too personal. Photos work best when the home is already showing well in real life. Think of photography as the amplifier. It will amplify what is good, but it can also amplify what feels distracting. What buyers notice in listing photos Buyers may not say it this way, but they are usually asking themselves three questions while looking at photos: 1. Does this home feel well cared for? Visible mess, stains, crowded countertops, and burnt-out bulbs can make buyers assume there are deeper maintenance issues. 2. Does this home feel spacious and functional? Too much furniture, poor room layout, or overloaded shelves can make even a decent room feel smaller than it is. 3. Can I picture myself here? Highly personal items, too many family photos, bold niche décor, and visual clutter can make it harder for buyers to connect emotionally. This is why photo preparation matters. It helps buyers focus on the home, not the distractions. How to prepare your home for listing photos Start with a full clean A clean home always photographs better. Dust, smudges, streaks, pet hair, soap scum, and dirty floors often stand out more in photos than they do in person. Focus on: windows and mirrors kitchen counters and appliances bathroom sinks, tubs, and faucets baseboards and flooring light fixtures and glass surfaces A home does not need to feel sterile, but it should feel fresh. Declutter every room Clutter competes with the features of the home. Buyers should notice the space, layout, and light, not cords, piles, baskets, or too many decorative items. Try to remove: extra items from countertops papers, chargers, and cords oversized or excess furniture laundry hampers and floor mats personal toiletries fridge magnets and notes visible pet items Less visual noise usually makes a room feel larger and calmer. Depersonalise the space You are not trying to remove all warmth. You are trying to create room for the buyer’s imagination. Pack away or reduce: family photos children’s artwork on walls or fridges highly specific collections personalized signs bold or polarizing décor The more universal the space feels, the easier it is for buyers to picture their own life in it. Let in as much light as possible Natural light helps a home feel more open and inviting. Before photos, open blinds and curtains, replace burnt-out bulbs, and make sure every light fixture works. Good lighting can make a major difference in: room size perception colour balance overall mood buyer confidence in the condition of the home Dark rooms often feel smaller online than they do in person. Simplify the kitchen and bathrooms These are two of the most important spaces in listing photos. They should feel clean, functional, and easy to maintain. For kitchens: clear counters as much as possible hide dish soap, sponges, and drying racks remove most small appliances keep only a few simple finishing touches For bathrooms: remove toothbrushes, razors, and products close toilet lids hang fresh, simple towels clear shower shelves and tub edges These rooms tend to show every detail. Make beds and soften bedrooms Bedrooms should feel restful, not busy. Use simple bedding, smooth out wrinkles, and remove extra items from nightstands and dressers. A tidy bedroom helps buyers read the space more clearly and makes the home feel more put together overall. Improve curb appeal for exterior photos Exterior photos often come first in the listing gallery. If the outside feels neglected, it affects how buyers interpret everything that follows. Before exterior photography: sweep walkways and porches move bins and hoses out of sight park vehicles away from the front mow the lawn trim overgrowth remove dead plants clean the front door and entry area You do not need luxury landscaping. You need a tidy and welcoming first impression. Room-by-room photo checklist Entryway remove shoes, jackets, and bags clear the floor keep décor minimal Living room reduce furniture if the room feels tight hide remotes and cords straighten pillows and rugs Kitchen clear counters hide garbage cans if possible polish stainless steel remove clutter from the top of the fridge Dining area keep the table simple remove extra chairs if crowded centre the room visually Bathrooms clear all personal products use clean towels wipe mirrors and glass hide toilet brushes and bins if possible Bedrooms make beds neatly clear surfaces remove bulky storage items from view Laundry room put away detergent and baskets clear machine tops keep it simple and clean Yard and patio tidy furniture remove toys and tools sweep surfaces keep outdoor spaces usable and inviting Why this preparation can affect results Homes that photograph well often create stronger momentum. More clicks can lead to more showings. More showings can lead to better offers and stronger negotiating position. This does not mean photos alone sell the home. Price, condition, timing, and marketing strategy still matter. But photography plays a major role in whether buyers give your home a real chance. Preparation also signals something deeper. It tells buyers the home has been cared for and presented with intention. That can shape how they view value before they ever step through the door. What not to do before listing photos Avoid these common mistakes: leaving too many items on counters and surfaces forgetting to replace burnt-out bulbs keeping curtains closed leaving pet bowls, litter boxes, or beds visible using heavily patterned bedding or towels overdecorating rooms assuming editing will fix everything later The best listing photos usually come from simple preparation, not digital correction. Final thoughts To prepare your home for listing photos, focus on cleanliness, light, simplicity, and removing distractions. Buyers do not need a perfect home. They need a clear, appealing first impression that helps them see the home’s potential. If you want advice on getting your property photo-ready before it hits the market, contact Faber Real Estate Group for practical guidance tailored to your home and selling strategy. Sue S., 5-Star Review, via Google “I loved how they did virtual staging. I didn't have to find furniture etc. to stage the house. Cal and Scott got amazing pictures and made my moms house look like a cozy, beautiful home by placing the furiture etc. into the pictures of the rooms with their furniture. When the house was shown it was empty but Cal and Scott had their computer running so people going through the home could visualize how it could look. I would recommend Cal and Scott, an amazing duo team to sell or purchase any Real Estate.They even came and brought a mirror in to finish off one of the bathrooms in my mom's house. They totally cared and they go above and beyond. If you are looking to buy or sell your home give Cal and Scott a call, you will not be disappointed.”   Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

Setting the right price has always mattered, but the cost of overpricing your home in Victoria BC is higher in a market where buyers have more choice and more time to compare options. In February 2026, the Victoria Real Estate Board reported 2,903 active listings, up 10.4 per cent from a year earlier, while sales were down 11.9 per cent year over year. VREB also described the market as balanced after sitting near the threshold of a buyer’s market. That matters because balanced markets are less forgiving of aspirational pricing. Buyers do not need to rush into a listing that feels overpriced when there are other homes to consider. Why overpricing hurts more now When inventory rises, buyers become more selective. They compare value faster, watch price history more closely, and often skip listings that seem out of line with recent comparable sales. VREB’s February 2026 numbers show prices in the Victoria Core have been relatively steady rather than surging, with the benchmark single-family home at $1,307,400, down 0.9 per cent year over year, and the benchmark condo at $545,600, down 0.7 per cent. In a steady market, overpricing is less likely to be rescued by fast appreciation. The first few days of a listing matter the most. That is when your property is fresh, buyer alerts are strongest, and interest is easiest to convert into showings and offers. If the price causes hesitation at launch, the listing can lose momentum before it has a real chance to compete. What sellers usually do not see right away Overpricing rarely fails all at once. It usually shows up in stages: Fewer showings than expected Buyers saving the listing but not booking appointments Feedback that the home is nice, but feels high for the area Competing listings selling while yours sits Pressure to reduce later, after the home has lost its freshness That is the hidden cost. The issue is not only extra time on market. It is also the shift in perception. Once a home lingers, buyers start asking what is wrong with it, even when the real problem is simply price. A longer time on market can weaken your leverage Many sellers assume starting high gives them room to negotiate. In practice, it often does the opposite. A well-priced home can create stronger early interest and sometimes competition. An overpriced home can lead to low urgency, smaller buyer pools, and offers that come in below where the seller likely could have landed with a sharper launch strategy. BCFSA also encourages sellers to understand the proposed market value and pricing strategy before signing a listing contract. That is a useful reminder: pricing is not just a number. It is part of the full marketing plan. The emotional cost is real too Overpricing does not just affect statistics. It affects decision-making. When a home sits longer than expected, sellers often feel one of three things: Frustration because activity is lower than promised Doubt about the home, the market, or the strategy Pressure to make reactive decisions instead of measured ones That is when small adjustments turn into larger corrections. Price drops made too late can attract bargain hunters instead of the strongest early buyers. What smarter pricing looks like Smart pricing is not about being the cheapest option. It is about being the best-positioned option for the buyers most likely to act. A stronger pricing strategy usually includes: Recent comparable sales, not just current competition Adjustments for condition, location, layout, and updates An honest view of buyer demand in your segment A launch price designed to generate interest, not test the market In a balanced market, the goal is not to “leave room.” The goal is to create confidence. The bottom line The cost of overpricing your home in Victoria BC is usually not measured only in dollars off the list price. It also shows up in lost momentum, fewer showings, weaker leverage, and more stressful decisions later in the process. In today’s market, accurate pricing is not conservative. It is strategic. If you want a pricing strategy built around current Victoria market conditions, buyer behaviour, and your home’s real position in the market, contact Faber Real Estate Group for advice before you list. Sue S., 5-Star Review, via Google “I was so impressed with Cal and Scott, a father and son team. They make you feel so cared for. They went out of their way to help get my moms house ready to sell. It was hard to let the family home go but Cal and Scott helped to make the process go smooth. They sold my mom's house in 2 days for over the listing price. Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

If you are thinking about selling private or hiring a Realtor, the decision can feel straightforward at first. One option seems like it could save money. The other involves professional fees. But for most sellers, the real question is not just what each option costs. It is what each option helps protect, expose, and negotiate. A private sale can work in some cases. But it also puts more responsibility on the seller and can reduce the market reach that often helps produce stronger results. What does “selling privately” mean? Selling privately usually means you are trying to sell your home without hiring a Realtor to market and manage the listing. Some sellers already know the buyer. Others try to find one through social media, a lawn sign, private websites, or word of mouth. That may sound simpler. Sometimes it is. But once serious interest appears, the process quickly becomes more than just showing the home and agreeing on a price. What does a Realtor do for a seller? A Realtor’s role is not just putting a sign on the lawn. For sellers, a Realtor typically helps with: Pricing strategy Marketing and exposure Showings and buyer screening Offer handling Negotiation Disclosure guidance Coordination with lawyers, lenders, inspectors, and timelines Canadian Real Estate Association says sellers are almost always better served by the broader exposure offered by listing on an MLS System, and that greater exposure can increase the likelihood of more offers and a better result on price or terms. The biggest risks of selling privately 1. Fewer buyers may see your home This is often the most important trade-off. Canadian Real Estate Association explains that MLS Systems become more valuable as more buyers and sellers use them, and that placing a property on an MLS System gives it exposure to a broader pool of potential buyers. In practical terms, less exposure can mean: Fewer showings Less buyer competition Less urgency Fewer chances to improve price or terms A private sale might still find a buyer. What it may not do is attract the strongest buyer available in the current market. 2. It is harder to know if your price is truly right When a home is exposed to a broader market, sellers get clearer feedback. They can see whether the property is generating strong interest, weak interest, or multiple offers. The Province of BC notes that open market transfers are situations where anyone likely to be interested has the opportunity to make an offer, such as when a property is listed with a realtor or otherwise advertised for sale. When a sale is not clearly tested in the open market, fair market value may need to be supported in other ways. That does not mean every private sale is underpriced. It means the seller has less evidence that they achieved the best available outcome. 3. Negotiation gets harder when you do it alone Many sellers think negotiation is mostly about price. It is not. A strong offer also includes details like: Deposit amount Subject conditions Closing date Possession date Repair requests Risk of collapse before completion BCFSA notes that written offers are typically prepared on a Contract of Purchase and Sale and reviewed carefully so the terms reflect the parties’ intentions and are understood before signing. It also notes that when multiple written offers are received before one is accepted, they must be presented to the seller unless the seller has directed otherwise in writing. That structure matters. It helps sellers compare more than just the headline number. 4. Disclosure mistakes can become expensive later Disclosure is one of the biggest areas where sellers underestimate risk. BCFSA’s 2025 guidance says full and frank disclosure enhances a property’s marketability, and warns that refusing adequate disclosure can make a property harder to sell. It also notes that choosing a “Property No Disclosure Statement” may expose sellers to future litigation risk if latent defects are discovered after title transfer. In plain language, keeping things vague does not necessarily protect a seller. In some situations, it can do the opposite. 5. More of the workload shifts onto the seller A private sale does not remove paperwork, deadlines, or legal steps. It simply means more of that responsibility lands on the seller. Even when no Realtor is involved, the transaction still needs proper documentation, legal transfer work, and tax-related filings. The Province of BC notes that property transfer tax is based on fair market value at the date of registration unless an exemption applies. Buyers usually pay the property transfer tax, but sellers still need to manage their own legal, mortgage-discharge, and transaction-related responsibilities. The sale can feel simple until the details start stacking up. When selling privately can make sense There are situations where a private sale may be reasonable, such as: Selling to a family member Selling to a friend or neighbour Selling to a tenant Choosing privacy over maximum market exposure In these cases, the convenience may outweigh the broader marketing advantage. Even then, proper pricing, legal advice, and careful documentation still matter. When hiring a Realtor is often the stronger choice Hiring a Realtor is usually the better fit when a seller wants: Maximum exposure Better price discovery Clearer negotiation support Help managing forms and timelines Guidance on disclosure and risk A more structured process from start to finish For many homeowners, the real benefit is not just marketing. It is having someone reduce preventable mistakes while helping the seller make stronger decisions under pressure. The better question to ask Instead of asking, “Can I sell without a Realtor?” A better question is: “What am I taking on if I do?” That shift matters. Because the visible cost of representation is easy to see, but the hidden cost of weaker exposure, softer negotiation, or one avoidable mistake is often much harder to measure. Final thought Selling privately is not automatically the wrong choice. But it is rarely the simpler choice once pricing, negotiation, disclosure, and paperwork are all taken seriously. For many BC sellers, hiring a Realtor is less about convenience and more about reducing risk while giving the property the strongest chance in the market. If you are weighing whether to sell privately or work with professional representation, contact Faber Real Estate Group for practical advice on the selling approach that best fits your home and your goals. Brandon S., 5-Star Review, via Google “My wife and I sold our condo in View Royal and bought a place in Esquimalt with the help of The Faber Group. Scott helped us to find and buy the perfect home for our growing family in a very competitive market. He got to know our wants and needs and worked within our schedule with a small baby. Once we found the perfect place Scott helped us to get it for under the asking price and sold our condo in one day on the market with multiple offers over asking! We are so grateful that Scott helped us through this process, answering our many questions and alleviating our concerns. Thank you for helping us sell our first home and buy a beautiful house for our family.” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”