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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 ...

A quick tip about special levies

June 14th, 2023
So when we take buyers out, we get a common question "Are there any upcoming special levies"  However, the reason why people ask this is to avoid any kind of future expenditures. I get it, nobody ever wants to pay for a special levy, even though they haven't owned the property for long. However, special levies do serve a purpose.   I do find this the wrong question to ask, however it is im ...

A quick tip about strata documents

June 8th, 2023
So, heres a quick tip when it comes to reading strata documents. When you receive your strata document package, you'll be sifting through hundreds of pages of documents from depreciation reports, engineers reports which can easily be more than 100 pages each. So, where do you start?  I  recommend reading the minutes from the Special General Meeting (SGM) because.....well there may not be a ...

Q1 Update

May 25th, 2023
https://bixel1.net/v1/t/c/12e10376-520b-a6a7-dac4-944fedbb227d/gm%3A23822591-7bed-4853-bad2-ba85de83679f/Multiple%20Recipients/?https%3A%2F%2Fbbemaildelivery.com%2Fbbext%2F%3Fp%3Dvideo_land%26id%3D131d4ae7-16d3-4f63-a4c5-2fa2953f204f=Hope you're doing well.  Just to keep you up to date on what's happening here's what's been happening since the start of the year:-Interest rates have been holdi ...

Games

May 25th, 2023
Whenever I work with clients, i always bring up the word 'games.' Every single homeowner, and every single buyer has their own motivation to get in or out of the real estate game.  And everyone.. will be taking a different approach to achieve that.  However, you as a buyer and seller, you have your own game to play.  And the purpose isn't to get ahead of your competion, finish in record time ...
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