In a slow real estate market, where inventory and competition for buyers is high, sometimes the seller has to “sweeten the pot” to get the deal done. Here are four creative ideas to help close the deal.
1. Offer a Decorating Allowance
There maybe a buyer that likes the home, but just has different decorating tastes. To seal the deal, offer a decorating allowance (for painting, new carpets, or wallpaper). You can offer cash at closing, or put money in trust to reimburse decorating & remodeling expenses made within 90 days of closing, up to a maximum amount. This may be just the thing to get the deal done.
Scotia Bank of Canada has just released a special Economic Release. In which the describe the fundemental differences in the way that Canadian borrow money from that of the folks in the United States. Yes, we do have the highest priced homes on average in Canada, however we also have the lowest default rate as well.
Subprime mortgages in British Columbia make up less than 1% of all mortgages, in short folks can’t walk away from their homes without loosing a considerable sum of money initially invested. The is security in knowing that you nieghbour has no equity and nothing invested in their home… walking away only means a bad credit score. We simply just don’t have that here in Vancouver, and there is security in knowing that.
As a Vancouver Realtor in a rapidly changing market we strive to maintain a knowledge and understanding of not only our Real Estate market but the factors that influence it. We are continuously asked where we think the market is heading, in short we have a positive outlook. Below are 10 websites that we feel influence the Vancouver Real Estate market with the news they broadcast. We check these sites daily to stay on top of the push and pull factors of the Vancouver Real Estate marketplace.
Here is the latest Greater Vancouver Real Estate Statistics for September 2008. Here you will find a summary directly from the Greater Vancouver Real Estate Board of September housing prices & statistics.
Need Help Understanding what this means for your Property?
www.i-move.ca is a new website offering Vancouverites a centralized and intergrated way to commute or simply get from point A to Point B. Need to know if there is construction, an accident or bad weather?
I Move lets you know cycling, bus, train or driving routes to where you need to go. Common Craft explains how I MOVE works in this great little video…
Scheduled for completion by 2011 the Ritz Carlton in Vancouver has seen swift sales over the last year. Rising 60 stories above its prime location at 133 W. Georgia Vancouver, The Ritz Carlton will offer 123 exclusive suites with an absolute one of kind Penthouse.
The Hotel at the Ritz will occupy the first 20 floors and once complete will be the premier hotel in Vancouver. This $500 million dollar project, once complete will become the second tallest building in Vancouver behind The Shangri La, followed closely by the Georgia Residences.
Icon II is located at 633 Kinghorne Mews, False Creek, Vancouver, BC. The Icon II building risies a modest 11 stories from the False Creek waterfront and fabeled sea wall. Comprised of 52 unique suites with an emphasis on waterfront views and exposure. Built to Concord Pacific’s highest standard, apartments in Icon II are finished to the highest of standards.
The Icon II development also offers a very unique selection of garden level waterfront townhouses. Here you can watch boats pass by from the large associated patios. This is waterfront living at its best!
Cielo located at 1205 West Hastings Street, Coal Harbour, Vancouver. Built in 2007 Cielo rises 30 floors and offers incredible Coal Harbour & city views from its 139 suites. Predominantly comprised of 1 & 2 bedroom units with an exclusive selection of 3 bedroom apartments.
Features include large outdoor balconies, air conditioning, geothermal heat exchange system. The top floor offers the stunning Sky Spa with professionally equipped fitness studio, a meeting room area, a huge roof-top deck with outdoor whirlpool and an exterior fireplace.