Ready to sell your home? Once everything is said and done, you won’t get exactly what the buyer paid for it—you’ll need to factor the closing costs into your profit margins. There are a few additional fees associated with selling a home, from closing costs to real estate commission. In 2021, the average home sale…
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VANCOUVER, Canada - Leo Wilk Real Estate owner and founder, Leo Wilk, is delighted to announce that he has recently been accepted as an Engel & Völkers private office advisor. This position is only offered to realtors who have the required level of expertise and discretion that their select client base demands, and to be…
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Every year, you get a letter from BC Assessment that states the assessed value of your home. But property owners are often let down when they receive their BC Assessment letter; if the value is lower than expected, they fear that this price is what their home would actually sell for. Here’s what many sellers…
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It’s that time of year again: Tax time. Each year, your property taxes increase. That’s why you need a property with a growing market value to outpace it. Is it time to sell your home and search for a new investment opportunity? You pay your taxes as required, but you might not know how they’re…
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Finally, your house is ready to sell. You’ve invested thousands into improving your property and refreshing its aesthetic. When you find the right buyer, you know you’ll get a great price for it. But now you’re stuck on another problem: When should you list it for sale? The Vancouver housing market is in a constant…
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Today we are sharing a helpful article for preparing to move into a pre-sale home. So you bought a pre-sale home and your pre-sale move-in day is approaching! That can be a stressful time as with any move. Our friends over at MLA Canada share four helpful tips when it comes to getting ready for…
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If you’re new to real estate, then the title of this article might make your head spin. But special levies (also known as special assessments) are important to understand. They can cause major problems and hurt you financially if you are not aware of what they are. For example, if a special levy was passed…
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What is a Material Latent Defect? As defined by BCREA, a material latent defect means a latent defect that cannot be discerned through a reasonable inspection of the property, including any of the following: a defect that renders the real estate dangerous or potentially dangerous to the occupants, unfit for habitation, or unfit for the…
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At some point or another, many of us have lived on the lowest floor of a single-family home. The rent is less expensive, but you miss out on a few essentials of living comfortably; for example, tall ceilings, natural light, and rooms that aren’t overly stuffy. Today, if you want to rent out a basement…
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Recently the Vancouver City Council confirmed a $71M contract to build a new complex for Coal Harbour waterfront school and social housing. As Vancouver becomes more populated, our city must create new developments to meet the demands of the population. This exciting new development will include a Coal Harbour elementary school, daycare and social housing…
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