Ban on Dual Agency BC

On June 15th, 2018 the ban on dual agency just came into effect in BC. Here is a post I wrote about how the new rules will change the way I do business on Salt Spring New Rules for BC Real Estate As a continuation of the New Rules post, what happens if we are driving around on Salt Spring and you want to see one of my listings? What about the ban on Dual … [Read more...]

New Rules for BC Real Estate

On the 15th of June 2018, the new rules governing BC real estate have come into effect. These changes are causing some problems for Realtors® in smaller markets with a limited number of homes for sale that might not occur for agents in the big cities. This is a simple three step version of how the new rules will work on Salt Spring for people who want to work with Scott Simmons: When … [Read more...]

Does the home get sunlight?

If you’re planning to live on Salt Spring year-round, one of the most important things to consider when buying a property is SUNLIGHT. Do the neighbor’s trees or a mountain block the sun during the winter months?  According to Salt Spring real estate mythology, “If they buy in August, they will list in November and sell in December.”  Unfortunately, this myth is sad, but true.  The long dark … [Read more...]

Market Report

Salt Spring Island real estate was a buyers’ market from late 2008 until spring/summer of 2015. The low of the market was probably 2012/13. Since 2015 Salt Spring has been a sellers’ market with prices trending up. The main source of buyers on Salt Spring has been buyers from the Vancouver area. Below are the Salt Spring Real Estate statistics;     Sales per year … [Read more...]

Virtual Open House

If you have any problems logging in please email me at scottonepercent-web@yahoo.com or call 250-538-8316. PrivacyNoticeandConsent  If you would like to demo PCS put in this User name DEMO1 password 7416 Take it for a test drive now. Link to Scott's Critical Buying info link. Disclaimer this a virtual open house page and information on this PCS system is general real estate info … [Read more...]

Aggregate Days on the Market

What are "aggregate days on the market"? On the Victoria Real Estate board an agent can "Re-List" a property for a mere $25 fee.  An example would be if a home has been listed on the board for 180 days the listing can be taken off the market and then "Re-Listed" and appear to be a new listings with zero days on the market.   This can be very misleading and a listing agent would be telling the … [Read more...]

Mortgage docs public info

Did you know mortgage documents are public information.  If you are buying Salt Spring real estate and are trying to figure out what to offer would it not be nice to know what the seller owes on the place? The mortgage documents that are registered on title will only tell you the size of the mortgage when it registered on title.  Not the current balance but it will show you the term and … [Read more...]

Property Price History

The price history of any Salt Spring home and or Salt Spring lot your are thinking of buying is critical information. It is be like flying blind not knowing the price history of a Salt Spring property. Here is an image of what a Real Estate agent see about a property. As you can see this property has been listed 5 times on the Victoria Real Estate board. It has sold twice while … [Read more...]

Virtual Open House sign up

If you are going to buy a Salt Spring Island home and/or Salt Spring property you should sign up for the free Virtual Open House system (PCS).  Every second the PCS database updates information about new listings and the prices on homes that have sold.  PCS can be used as your own private database.  For instance, you can set the Virtual Open House search criteria to display homes or properties … [Read more...]