Don't get caught with your pen down When they say on contracts of purchase and sale "time is of the essence". We really mean it! Let me show you why... Example: A long time ago we had a contract on a very nice condo at Woodwards in East Vancouver. We tied it up in subjects,…
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The New Mortgage Rules Explained by My Mortgage Broker ~ Niki Cuthbert UPDATED Dec 27, 2017 You've probably noticed that the media has been spending a lot of time covering the upcoming changes to mortgage lending rules that will take effect Jan. 1, 2018. However, there still seems to be a lot of uncertainty as…
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2-5-10 Warranty Coverage in Vancouver As a Vancouver Realtor with experience in presale condos and homes I get the question about "what is the 2-5-10 warranty". Although we can always give general knowledge on it it is important to know exactly what it entails. One of the larger insurance providers is Travelers Insurance Company of…
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There is an epidemic happening all over Greater Vancouver Real Estate and for the life of me I cannot figure it out. Here it is: Someone pays anywhere from $600,000 to Millions of dollars for you home or condo, gives you the dates you needed to align you with your next move in life and…
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The City of Vancouver v.s Airbnb in Vancouver Real Estate The City of Vancouver is proposing some new rules on owners of Real Estate who use their residences or investments as income generators. Of course, this is yet another cash grab and they have claimed this will free up 1,000 more rentals in the city.…
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In this crazy market we continue to be in here in Vancouver many Realtors take the strategy to underprice homes and condos in order to create a multiple offer scenario for their home seller. It has worked over and over again in this market but my question is how do we know if we left…
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When you live in a coastal community, it is vital to plan your renovation projects as much as possible. Maximizing our dry, sunny days is an integral part of the roof repair equation. If you are thinking of selling your home with a leaky or damaged roof; be prepared to drop significant numbers off of…
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What is revocation when it comes to Vancouver Real Estate contracts? The definition ~ the official cancellation of a decree, decision, or promise. What does it mean in Vancouver Real Estate? If this has happened to you you will know how much it hurts. Simply put. If you revoke an offer; you have cancelled the contract…
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Believe it or not, things like a cracked foundation, damaged fireplace and water staining can be covered up. Many homebuyers are shocked to discover long-standing water damage, mold and appliance issues once they move in. While forking out more cash during your closing costs is the last thing anyone wishes for, be sure to budget…
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Multiple offers in Vancouver Real Estate Since 2015 we have been experiencing a short supply of listings and massive demand for condos and detached homes. This has been causing prices to rise at an alarming rate (almost daily) and has been the source of frustration for many buyers in Vancouver. So, when you find yourself…
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