When the market is slowing down it becomes very easy for REALTORS® to promise more to get your listing. This is a downward slope that does more harm than good to the unsuspecting seller. Recently I have seen sellers going with the highest price and then sitting on the market for an extended period, and […]
How to win a real estate bidding war
Negotiating your way through the maze of real estate sales and jargon raises many questions. Don’t worry. That’s why I’m here! So, today let’s talk about bidding wars and how best to handle them. Here are a few tips to help you win! Pre-inspect the home You will need to write a great offer. In […]
Real estate investment basics
Imagine being a land baron; building an empire of rental properties and receiving a steady stream of passive rental income. Wouldn’t that be nice? Wait! Before you wave goodbye to your boss and dive head first into the world of real estate investments, here are some basic terms to become familiar with. Capitalization (“Cap”) rate […]
Neighbourhood spotlight: The BAKESHOP
This week I want to highlight a great spot in Arbutus that I have found to be little known and very good. The BAKESHOP 4021 Macdonald Street Vancouver, BC, V6L 2N8 Web www.vancouverbakeshop.com Instagram @the_bakeshop Facebook @thebakeshopvancouver Twitter @VanBakeshop The bread is outstanding! I highly recommend the sunflower-flax or the cranberry-walnut. The sandwiches are to die for […]
3 things to consider before downsizing your home
Are you dreaming of selling up your family home and moving to a smaller place with easy maintenance? Perhaps a move to the suburbs, a rural area or even inter-province? Here are three things to think about as you ponder the next chapter in your life. Timing is everything Watch the gap in value between what […]
Housing affordability: From Boomers to Millennials
I had a conversation with my mother about how my kids and the younger generation will afford homes in Vancouver one day, and how it almost seems impossible without help to do so. The response was quite surprising. Perseverance, hard work and sacrifice Instead of agreeing with me she told me of how people faired […]
Impact of the Foreign Buyer Tax
The full weight of the Foreign Buyer Tax is appearing now in our marketplace. But it is not the people who were intended to pay the tax who are actually paying it. That’s right, it is the sellers of land value older homes (mostly retirees) and builders with expensive new homes that are absorbing the new […]
Ethics; In life and in real estate.
Doing the right thing. Sounds easy, but how many of us do it when presented a moral dilemma? A free lunch? Today I was buying lunch and saw the person in front of me give a ten dollar bill for their food and the cashier give them $10 and change back. The person looked kind […]
Vancouver’s changing demographics – looking into the future
Where do we go from here? The future of real estate is always on the chat list at just about every social event that I attend. Wealth transfer from boomers There is no way to predict, but I saw a recent study that shows just how much money could loosen up as baby boomers begin […]
Goodbye summer. Hello fall!
The real estate market in Vancouver – With fall approaching and a very busy and sunny summer behind us, we’re expecting further active times ahead. Activity levels will likely peak in October and November with sales of townhomes and condos leading the way. In saying that, I do think that the detached home market will also […]