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How to Buy a First Home 15 – Subject to Inspection & The Contract of Purchase and Sale

Posted on May 8, 2013 by mike

First Time Home Buyer Safety – Subject to Inspection in the Contract of Purchase and Sale!

In Episode 14, we talked about Subject to Financing and how this is a powerful way to protect a first time home buyer when it comes to financing. Today we are going to talk about the Subject to Inspection clause in the Contract of Purchase and Sale and how this can protect a new home buyer in Vancouver.

What is an Inspection When Buying a Home in Vancouver?

An Inspection or Home Inspection as they are commonly referred to in Vancouver is when the Buyer has a qualified and certified Home Inspector check over the physical condition of the property that is of interest.

In most cases the Home Inspection is done after there is an accepted offer and the Home Inspector checks the following:

The exterior envelope of the home (be it a condo or a house) that including, the foundation, parking garage, the roof, the walls, etc as well as the drainage systems and any out buildings or features on the grounds of the property
The interior of the home and all its mechanical and structural systems including plumbing, electrical, flooring, wall systems like drywall, ventilation, windows, skylights, etc

At the end of the Home Inspection, the Buyer receives and inspection report which will clearly lay out the condition of the property and any issues the property may have.

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Why do We Use Subject to Inspection?

Quite simply, a Home Inspection is designed to protect the Continue reading →

April 2013 REBGV Statistics Package

Posted on May 2, 2013 by mike

REBGV Stats Package, April 2013 by Mike Stewart

Spring delivers greater balance to Greater Vancouver housing market

A closer relationship between home buyer demand and the supply of homes for sale has been having a stabilizing impact on home prices in the Greater Vancouver housing market over the last three months.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,627 on the Multiple Listing Service® (MLS®) in April 2013. This represents a 6.1 per cent decrease compared to the 2,799 sales recorded in April 2012, and an 11.9 per cent increase compared to the 2,347 sales in March 2013.

Last month’s sales equate to the lowest April total in the region since 2001 and 20.9 per cent below the 10-year sales average for the month.

“While the number of home sales remains below Continue reading →

Posted in: For Buyers, For Sellers, Real Estate Board of Greater Vancouver (REBGV) Monthly Sales Statistics
Tags: 2013 Canadian Real Estate Stats, 2013 Vancouver Real Estate Statistics, April 2013 Real Estate Stats Vancouver, April 2013 REBGV Stats, Canadian Real Estate Statistics, Real Estate Stats Vancouver April 2013, REBGV Stats, REBGV Stats April 2013, Vancouver BC Real Estate Stats April 2013, Vancouver Condo Statistics, Vancouver Real Estate Stats
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Arbutus Ridge by Cressey— A New Luxury Presale on Vancouver’s Westside with Floor Plans & Pricing

Posted on April 18, 2013 by kyle_darbyson

Arbutus Ridge—A Perfect Mix of Community and Private Living in One of Vancouver’s Most Sought-After Neighbourhoods

At a Glance

47 condominiums
2 townhomes
Curved limestone and undulating brick facade
Featuring the signature CresseyKitchen™
Topped with the iconic red “Ridge” sign
Upscale market
Starting from $434,900

Find Out About New Presales & Get Access to VIP Openings & Special Promotions!

Arbutus Ridge is destined to become a centerpiece of Vancouver’s remarkably livable Westside. Situated on a natural elevation at 3113 Arbutus Street (at Arbutus and 16^th), the development will feature true West Coast architecture and amazing views from striking terraces and outside living areas. The Cressey team is once again offering luxury designer finishes and spacious floor plans in a dynamic part of the city with perfect access to shopping, schools and other amenities.

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The features, views and extraordinary details of this property will draw strong interest. Don’t miss out on the opportunity to make your home in this iconic development. Contact me today.

Arbutus Ridge will be unlike any other property on the Westside. The building’s iconic and eye-caching design and its location on a natural elevation along tree-lined streets will thrill residents with the sensation of living inside a piece of architectural art. Arbutus Ridge’s proximity to shopping, services, beaches and the province’s top-ranked schools also make it a highly desirable location for homeowners.

The building will be set back from the street to afford space and privacy. But Arbutus Ridge homeowners will also feel beautifully embedded in the community—street-level green spaces and benches and a flourishing market are certain to make the development a vibrant hub.

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Pricing for Suites at this Preconstruction Vancouver Condo Development Continue reading →

Posted in: For Buyers, Kitsilano Presale Condos, Vancouver Condo Pre-Sales
Tags: 3113 Arbutus Street, Arbutus Ridge, Arbutus Ridge Apartments, Arbutus Ridge Condos, Arbutus Ridge Floor Plans, Arbutus Ridge Presale Condo, Arbutus Ridge Presale Price List, Arbutus Ridge Pricing, bc, canada, Condos at the Ridge, Luxury Westside Condos, New Condos at The Ridge, New Condos in Kits, New Condos in Kitsilano, New West Side Presales, Presale Condos at the Ridge, The Ridge, The Ridge Condos, The Ridge Theatre, The Ridge Theatre Condos, The Ridge Westside, vancouver, Vancouver Presales
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Realtors in Vancouver Split their Commissions?

Posted on April 16, 2013 by mike

Real Estate Commissions are Split in Vancouver?

Yes! When a Realtor is hired by a Seller to list a property for sale, the Listing Contract states that the Seller will pay this Realtor (Sellers Agent/Listing Agent) a commission should the property sell during the period in which the Listing Contract is in force.

Now, if a prospective seller was to calculate what they would have to pay in terms of commission (Want to know how much quick? Check out this Realtor Commission Calculator!), some might think it a lot of money to go to one person, but that’s not really what’s going to happening!

Real Estate Commission Splits = Buyers Agent Bait?

In Vancouver, The Sellers Realtors (Sellers Agents/Listings Agents) split around HALF Continue reading →

Posted in: First Time Home Buyers Advice for Vancouver, For Buyers, For Sellers, How to Sell a Revenue Property in Vancouver, How To Sell A Vancouver Condo
Tags: Average B.C Realtor Fee for Buyers Agent, BC Real Estate Commision Splits, BC Realtor splitting commission, BC Realtors Split Commission, Canada real estate brokers agent commission split, Commision rates BC split, Commision splits in Vancouver, How are BC Realtor commissions split, How do Realtors split commisions?, How much does buyer and seller's realtor split the commission in BC, How Realtor commissions are split in bc, How They Split the Commissions When Selling a House Vancouver BC, How to split the commission between buyer and seller realtor Canada, MLS commission split British Columbia, Real Estate BC Do Buyers Pay Realtor Fees?, real estate commission split expense, Real estate commissions are split in B.C., Real Estate Commissions are Split in Vancouver?, Realtor Commissions in Vancouver, Realtor's Fees in British Columbia, Realtors in Vancouver Split their Commissions?, Realtors Sharing Commissions Fees in BC, Realtors split commission Vancouver, Remax commission split Canada, Vancouver Property Sales Agents Share Commision, Vancouver Property Sales Agents Share Commission, Vancouver realtor comission split in half, Vancouver realtor commission split, What do Realtors Split Commission, What is the commission split between sellers agent and buyers agent on MLS
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How to Buy a First Home 15 – Subject to Inspection & The Contract of Purchase and Sale

April 2013 REBGV Statistics Package

Arbutus Ridge by Cressey— A New Luxury Presale on Vancouver’s Westside with Floor Plans & Pricing

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