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-Â 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….
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Can I legally walk away from my pre-sale contract / deposit?Â
10 Reasons for Selling During the Christmas Holidays
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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.Â
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.Â
Waiting for Vancouver Real Estate Prices to Come Down?Â
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.Â
On Nov 1st Gordon Campbell brought forth 2 measures in an effort to assist in creating certainty in the B.C housing Market. The first measure is to lock property assessments for 1 year and the second is a property tax deferment program.Â
Time will tell if the following shifts will help to create greater consumer confidence in the Vancouver housing market. Below is the official press release of the measures outlined by Premier Gordon Campbell.Â
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NEW STEPS TO HELP HOMEOWNERS, SENIORS & RURAL RESIDENTS
It’s no secret that the Vancouver housing market over the last 7 years has seen record returns for ownes fortunate enough to own a piece of this world class city. Now that the real estate sales have cooled and prices have come down the rental housing market is taking it’s turn. The Vancouver Sun recently published a front page article reviewing how dire the Vancouver rental situation actually is. The end figure published was a shocking 0.3% vacancy rate.Â
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.
record returns for ownes fortunate enough to own a piece of this world class city. Now that the real estate sales have cooled and prices have come down the rental housing market is taking it’s turn. The Vancouver Sun recently published a front page article reviewing how dire the Vancouver rental situation actually is. The end figure published was a shocking 0.3% vacancy rate.Â