Blog

Relocating From a Different City

Moving around the corner or even across town is relatively simple because you are likely familiar with the various neighbourhoods and you can access them anytime. If there’s a listed home you want to view, you can simply go see it.

Relocating to a different town or city, however, is much more challenging. It may not be possible for you to make multiple visits to see homes for sale. You may also be unfamiliar with the various neighbourhoods. Continue reading

Watch Out for Carbon Monoxide In Your Home

Carbon Monoxide (CO) is invisible and odourless, so you can’t actually “watch out for it”. However, you should monitor for it because an excessive build-up of this gas in your home can be deadly.

Fortunately, there are many types of Carbon Monoxide detectors you can purchase — and most are effective and affordable. Some models simply plug into an outlet. (Many also have a battery backup.) Continue reading

Hire a Realtor… It’s FREE!

For those of us who work in the real estate industry, we often forget that many members of the general public aren’t always familiar with many of the processes that we may consider second nature when it comes to Realtors, fees, and real estate transactions in general. One of the most common conversations I find myself having with people is explaining the misconception that as a Buyer, you will be paying Realtor fees if you hire an agent to represent you in a transaction.

I’m always surprised how often this issue comes up… but really, I shouldn’t be, considering “First Time Home Buying” is not part he high-school curriculum. With how all consuming our real estate market is here in Vancouver, perhaps it should be.

So let’s set the record straight: when you are the Buyer in a real estate transaction, hiring a Realtor to represent you costs you absolutely nothing. That’s zero dollars in fees, zero dollars in GST. Nothing.

So why would an agent spend hours sitting down with you to explain the buying process, assisting you in obtaining financing, figuring out which neighborhoods may suit you best, finding appropriate properties, checking on their availability, booking showing tours, driving you around to show you said properties, reading through countless pages of strata minutes to make sure there isn’t anything you’ve missed prior to making the biggest financial investment of your life? The fact is, agents do get paid for representing a Buyer in a transaction, but their fee is paid by the seller. Here’s how it works… Continue reading

Surrey 699 – The art of the Blind Auction

The Surrey 699. No, it’s not a police satire based around the 699 Police District in Surrey. It’s the growing practice of selling homes in a blind auction environment that’s become the easy “go-to” sales tactic in BC real estate.

As little as five years ago, the environment in the Surrey real estate market was quite different. I actually remember having the preference of working with buyers more so than sellers because of the fact that even if you took a listing, there was no guarantee that the property would actually sell. You could invest a substantial amount of time and money into marketing a home, only to have it sit on the market for months and months at a time, until your client gets frustrated and decides to no longer sell. Ohhhh, what I wouldn’t give for those days to return. Continue reading

Blatant and irresponsible misrepresentation in order to add fuel to the market

Numbers can be a funny thing. On the one hand, they provide great metrics in situations when anxiety or emotions could affect one’s judgement. On the other hand, they can just as easily be used to paint a desired narrative, one that is often diluted of truth.

The latter is what happened on Tuesday, when one of Canada’s leading real estate companies decided to do a media blitz striking FOMO (the “fear of missing out”) back into the hearts of over-leveraged Vancouver-area residents with respect to their local real estate market. Continue reading