Spectrum 1, located at 111 West Georgia, Vancouver, BC and is one of four towers in the total development. Spectrum 1 rises 32 stories and was built in 2007 by Concord Pacific. Comprised of predominantly 1 & 2 bedroom apartments and centrally located in the downtown area of Vancouver.
Liability- We live in a culture where people bring law suits at the drop of a hat…can you afford to take on that possibility? A misunderstood statement or a problem not disclosed can lead to big problems. Not only do you open yourself up to litigation, agents do not want to bring their buyers to you. Why? Because you are a liability to them and their clients.
Safety- Do you want to open your house up to just anyone? Agents track who is in your home, when, and for how long. They vet potential buyers before those clients enter your house.
With property prices in the Vancouver Real Estate market dropping, many people who bought into pre-sales as a short term investment in the past 2 years are feeling a sense of regret. It may not be long now for us to start hearing news of people walking away from their pre-sale contracts. If you are thinking about walking away from your pre-sale contract here in Vancouver there are a few things to think about before you do….
Can I legally walk away from my pre-sale contract / deposit?
10 Reasons for Selling During the Christmas Holidays
Most December and early January buyers are particularly serious and very likely facing some sort of deadline.
January is the biggest transfer month of the year and job transferee’s use the holidays to house hunt.
Many people want to buy before the end of the year for financial and tax reasons. Investors usually want to close by year-end for tax purposes.
Most sellers wait until spring or summer to list their home. This means that during the winter months your property will have far less competition versus any other time of the year.
Waiting for Vancouver Real Estate Prices to Come Down?
It may pay to take a great deal now to avoid the rush tomorrow! Sellers will become much less negotiable at the first sign of market improvement…that’s likely when all the buyers will come out…to late!
There are currently 423 Homes for sale in all of North Vancouver. Of these properties 78 are below the $700,000 price point, 20 of which are under $600,000! All positive signs for buyers who have been patiently waiting in the sidelines for real estate to cool down. With the Olympics just 1 year away and the stock markets showing signs of a rebound, buyers must be aware of how quickly a market can turn around.
Well it’s no secret that the Vancouver Real Estate Market’s jets have certainly cooled. Housing price reductions across Greater Vancouver over the last six months have eliminated price gains witnessed in the first quarter of 2008. Sales of apartment properties in October 2008 declined 52.7 per cent to 647, compared to 1,368 sales in October 2007.
“Home sales are not keeping pace with the positive economic conditions in BC,” said REBGV president, Dave Watt. “That’s a direct result of a loss of consumer confidence in the overall market. Accordingly, today’s housing market is characterized by moderating home prices and wide selection. It’s definitely a buyer’s market.”
