Mike’s Blog for Home Buyers

Multiple Offer Situations For Buyers!

Multiple Offer Situations for Buyers What are they? A Multiple Offer Situation is when more than buyer wants to present an offer on a property at the same time. The relationship between buyer and seller goes from a negotiation to an auction, with the highest bidder winning. The Buyers have to compete to get an accepted offer. 3 Ways a Buyer can Win in a Multiple Offer Situation! 1) Hire a good Realtor who specialises in the type of property or area you are interested in. Ask them how many times their buyers have been successful in a multiple offer… Find out more

My Globe and Mail Interview on Vancouver Real Estate, The Olympics, and the Hot Downtown Market with David Ebner

Hi All, I had a great talk with David Ebner of the Globe and Mail on the Downtown Vancouver Real Estate Market and here's what he had to say. I'd love to hear your thoughts! Housing sales bounce back nationwide Dave Ebner and Susan Krashinsky Vancouver and Toronto — From Wednesday's Globe and Mail Last updated on Wednesday, Jul. 15, 2009 09:27AM EDT Mike Stewart has never been busier. After a brutally slow winter, the real estate agent has signed a string of deals and in May had his best-ever month, notching 10 sales in downtown Vancouver, adding another seven… Find out more

Pet Lovers! Buying a Condo? Watch This Video Before You Buy!

ALWAYS READ STRATA BYLAWS WHEN YOU BUY A CONDO! NOT CHECKING PET RESTRICTIONS WILL COST YOU MONEY!! Many people (like me!) think of their pets as being part of the family. When buying a condo people often overlook whether or not their pet will be welcome or allowed in the building they are buying. This oversight can be very expensive. In the video, I relate the story of my client who bought a place privately before he met me, only to realise there were no pets allowed in his new condo. He had to sell this place and buy a… Find out more

What is a Leaky Condo and How to Avoid Them!

Leaky Condos Are Everywhere in Vancouver. Keep this in mind if you're buying a condo in Vancouver. A condo that initially looks solid as a rock, may be a festering rotten mess inside the walls or in other places you can't see. 4 ways to avoid buying a Leaky Condo 1) Use a qualified, experienced Realtor who specialises in the area you are buying in. Using a qualified Realtor specialising in the area you're buying who will know which buildings are or have been Leaky Condos. To make sure they know their stuff, Use this simple test. Ask them which… Find out more

I think Inflation may Kick Off in 2-3 Years and This is what I’m Doing to Prepare.

Hi All, I've mentioned in other blog posts that I think Inflation may to be an issue in 2-3 years because of ultra low interest rates and Stimulus packages from National Governments around the world. I'm going to buy more real estate (Downtown condo's and a house in East Van) and I'm going to get 5 year fixed rate mortgages to keep my payments (costs) consistent and then rent these places out. Inflation should push up rents while my costs remain static, leaving me with a nice profit. (hopefully) I plan on getting 4% 5 year fixed rate mortgages. I… Find out more