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Buying a Renovated Property without permits

September 14th, 2023
So....this is a a real situation that happened with a client last week!   We saw a beautiful home....wrote an offer in multiples, and we retracted our interest.  What we found out that this beautiful home that we loved was renovated without permits.  So heres a copy and paste of an article to help understand risks of buying a property without permits done If you have been looking fo ...

Completing on Tenanted Properties

September 6th, 2023
So, lesson learned!  Here's a tip if you're looking to buy or sell a tenanted property: Try to keep a few days seperation between the time frame of when the tenant moves out and possession date.  And its not a tip that solely focuses on tenants, it just there is one extra step that seperates an owner occupied property and a tenanted, and thats the final walk through that  concludes the r ...

Surrey Family Awarded 27K for wrongful eviction

August 28th, 2023
https://www.cbc.ca/news/canada/british-columbia/bc-family-evicted-1.6947614 So here's a story of a family that got evicted wrongfully and was awarded 27K as per the residential tenancy act. Now, usually when we see this headline, its usually because of some sort of unethical action to have the tenants removed.  However, this wasn't the case.  The property the family lived in was a townho ...

Ask Me Anything: Why did i choose my office?

August 10th, 2023
So, i sent out a postcard to my farm area with a call to action to ask me anything and here is one of the questions i got:  "I'm looking to get my real estate license next year. How did you choose your office?" Well i work for Sutton Seafair, an exclusively canadian brand brokerage. I looked at two things: 1. I got advice from a colleague to work with a manager you can trust.  Especial ...

July Real Estate Recap- Richmond, BC

August 3rd, 2023
Stats just came out! Lets do a quick run down.-Overall for single detached, its a balanced market. -Most popular price point is the 2M-2.25M mark.  -There were no sales in July less than 1.5, with an active inventory of 10 -Most popular area is Steveston Village with a selling ratio of 100%-If you're looking to buy, check out these neighbourhoods: *the Hamilton and McNair areas both have i ...

What does an pre-inspection mean (for seller)?

July 21st, 2023
So earlier, we talked about pre-inspections, and they meant to a buyer.  But if youre selling your home, does this mean a pre-inspection is a waste of money.  Not necessarily. If youre a homeowner that doesn't have the best attention to detail of your own, and theres nothing wrong with that, you may want to hire an inspector to inspect the property before the property hits the market, a ...

What does a pre-inspection mean ( for a buyer)

July 21st, 2023
So we looked properties with a client this weekend, and we saw a new home for sale and the realtor said the property has already been inspected.  I responded....great!   My client was wondering, if we put an offer on this property, does that mean we can skip the inspection and I said NO!  Well, if its been inspected, then why do we have to do another inspection? And the principle is ...

Modus

July 18th, 2023
So this is some recent news thats been making waves in the vancouver real estate market.  The Modus development on the west side of Vancouver is a townhouse development in the midst of being built.  These were marketed and sold in 2021 as concrete townhomes.   In the last month, the developer sent a letter to all its purchasers saying that the developement will be a wood frame building.  ...

Special Levies are INEVITABLE

June 27th, 2023
This is the Gardenia building in East Vancouver.  If youre looking to buy an affordable condo in vancouver, you may bump into this property in particular. People ask 'oh why is this such a good price?' So, lets talk about that shall we.  In an earlier video, i mentioned that  special levies are inevitable.So lets talk about a few different examples.  3451 Springfield.  This is 3451 Sp ...

What a single item can tell you about rest of the house

June 27th, 2023
So here is how a single item in a house can tell you more about the house you're aboutt to buy.  A lot of times, buyers ask how old the hot water tank is.  They ask because they want to know how long it will be before they have to replace it. However, there is a lot more a hot water tank can tell you about the rest of the house.   So, before i go on, this isn't science, or professional ...

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