July 2014

There are 4 blog entries for July 2014.

Many buyers, when searching for real estate in Vancouver, assume that a house that's been on the market longer than the average time has something wrong with it.   That could be true, but in many cases, the long days on the market have nothing to do with the house itself. Instead, it has everything to do with the price, the marketing, or the presentation.   Start with the price. Often owners of homes that are over-priced are more than willing to consider considerably lower offers, but won't let their agent change the offered price. So take a look, and if you like it, offer a price that you and your agent believe is fair market value. You might get a pleasant surprise.   The next factor is marketing. Some agents enter only one fuzzy photo…
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New subdivisions are popping up all over Vancouver, and builders have their own agents available to help buyers make their choices between lots, floor plans, materials, appliances, and more.   But helping buyers isn't their primary function. Their primary function is to sell you on the home – at the highest price and with the best terms for the builder.   And that's why you should never visit a model home or talk with a builder's representative without your own agent. Even if you aren't sure this is the location for you, or aren't sure new construction is the right choice for you, take your agent.   If you register at a new subdivision site without your agent, you won't be able to bring him or her on board later, when it's time to…
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When you're contemplating the purchase of a condo or a townhouse here in Vancouver you'll naturally look at the location, the floor plan, the condition, etc.   There's one more thing you should consider.   When you buy such a property you are essentially buying into a business – the homeowner's association.   So look at ALL the financials. Make sure the association is solvent. Find out if the association has a habit of increasing membership fees indiscriminately. Learn something about the leadership and how the organization operates.   Check with current residents to see if there are complaints over deferred maintenance or rules that are enforced only for some. And speaking of rules – be sure to read them in their entirety. When…
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When you're in competition with other buyers for a Vancouver home you really want, consider writing a letter to accompany your offer. Tell them a little about yourself and about the people who will occupy the house with you. Tell them what it is about their house that you are most attracted to and how much you think you would enjoy living there.   Not long ago I read about a young woman who offered less than another bidder, but she won the house because she wrote about how much she loved the owner's rose garden. That garden happened to be the owner's pride and joy and she loved the idea of selling it to someone who would go on caring for it.   You don't need to write a long letter, just make it heartfelt. Some buyers also include a snapshot of…
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