http://kyegrace.com If you are selling a tenanted property which the buyer will move into the contract requires the seller, on possession date, to hand over the home in essentially the same condition as when the home buyer viewed it. If the tenant damages the property you the seller will be on the hook for the costs of the damages. The seller will have to reimburse the buyer, those costs which could exceed the damage deposit. It will then be the seller's responsibility to recover those costs f...
http://kyegrace.com As much as Vancouver has had a great fall, winter is coming! We can not stop it but you can do a lot of things to make sure it doesn't impact your home's well being or your finances. Take a half hour this weekend and get out there and make sure you home is ready for the rain, snow, freezing and what ever else Mother Nature throws at us! Here is a great article on preparing your home for winter. I have no doubt if you Google it you will find plenty more tips. If need be hire...
http://kyegrace.com I have a client who has used the internet to do an amazing amount of research for various houses for sale she is considering buying. One of the coolest things she has done though is using the recently available Google Maps Street View. Google Street View is a feature of Google Maps that provides 360° panoramic views from a row of positions along the street in approximately 10 or 20 meter intervals for many streets in Metro Vancouver & the Fraser Valley. The pictures are gre...
http://kyegrace.com There have been numerous media reports and statements by the Real Estate Boards on how the HST will impact Real Estate in Vancouver and the rest of British Columbia. While I think how the additional tax on Realtor's fees, legal costs, inspections, appraisal etc will impact affordability is a valid concern, I feel there is a far bigger concern. The impact on the overall economy. If the HST causes the economy to recede, then the additional tax on closing costs becomes moot if...
Here it is! Real Estate TKO Episode #3...we are still working through creating a permanent set that aligns with the content and theme of Real Estate TKO. We want to keep pumping out the content each week anyways as we feel that is the true value... Harmonized Sales Tax - The BC Government has decided to combine the PST & GST into one tax which now adds the 7% PST to items that it wasn't applied to in the past. This includes Real Estate commissions, Real Estate legal fees including Notary Publi...
Real Estate TKO Episode #2 http://kyegrace.com http://thinktom.com We are using a new high end camera designed to improve the quality...as you can see we didn't get it right...yet! No wonder why the point and shoot market is so strong! Bear with us :) We'll get it right! Topics covered this week: Real Estate Listing Price Increases, should Realtors and home sellers being increasing their list price? Will the Olympics cause Real Estate prices in Vancouver to rise, fall or neither. How many phot...
http://kyegrace.com As a Vancouver real estate seller you may find yourself receiving an offer that contains a 'subject to sale' clause. This allows the buyers a set period of time to sell their home in order to be obligated to follow through on the purchase of your home. There are couple of things to consider when contemplating accepting such an offer. The first is you are now dependent on another home seller's actions to complete the sale of your home. A seller who you have no control over, ...
http://kyegrace.com There are a few reasons why home buyers may write an offer to purchase a home for sale with a subject to the sale of their home clause included. One of the more common is they did not want to risk selling their home without a new home to go to until they found exactly what they wanted. If they had put their current home up for sale and it sold they would they be under the pressure to find their new home and may have to settle for something less than they wanted or move into...
http://kyegrace.com In the past buyers and sellers would turn to a Realtor to be the source of all information relating to real estate. In my opinion that is no longer the case. The internet and its ease of use has put in the consumers hands the ability to research a property, neighborhood, town, city, schools, local businesses, recent sales, zoning, crime, upcoming development...well you get the idea. The consumer has the ability to know as much or more about any of the topics above. Realtors...
Millennium Project - Olympic Village Millennium Project, Athlete's Village for 2010 Winter Olympics in Vancouver has been discovered to have left out critical insulation on the hot & cold water pipes. Workers are now tearing down walls at the site to wrap water pipes that should have been insulated before the drywall was put up. Near Record Real Estate Sales in June June brought near record Real Estate sales in the Real Estate Board of Greater Vancouver's area but is it sustainable? Sales incr...