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Property Condition Disclosure Statement (PCDS) for Property Buyers in Vancouver – What is it?

 Updated May 8, 2019 by Mike Stewart PREC Get the Docs! When you are preparing to submit an offer on a property or have an accepted offer, you will receive a package of documents from the Sellers Agent giving you detailed information about the property. One of the most important documents is the Property Condition Disclosure Statement. What is it? The Property Condition Disclosure Statement (PCDS) is a disclosure of what a Seller knows about their property. There are several versions of the document (see below - We have only included Strata & Residential versions) which has a series…

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First Time Home Buyers Guide Vancouver – Episode 3 How to Hire a Realtor!

 Updated May 3, 2019 by Mike Stewart PREC Hiring a First Time Home Buyer Specialist in Vancouver In Episode 2 of the Vancouver First Time Home Buyers Guide we talked about how to figure out where to buy. Once you have decided on neighbourhood, it’s time to select a Realtor. How Much Does it Cost to Hire a Buyers Agent Realtor? Nothing!? Yes, 99 times out of 100, a Buyers Agent is paid a finders fee commission by the Sellers Agent if the Buyer that is working with the Buyers Agent purchases the Sellers Agents listed property! Furthermore, the…

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When will Vancouver Real Estate Prices Hit Bottom? Beware of Those Telling you its Happening as its Happening!

Hi All, Pretty much everyday someone asks me when prices in the Vancouver real estate market will hit bottom and everyday I say I don't know. I say I don't know, because I don't have a crystal ball and can't see the future and as I licensed Realtor I can be liable if people take a hit relying on my predictions. There are people out there who are saying they KNOW when the prices will hit bottom and they can tell when prices are bottoming as they are hitting bottom. Don't trust these people! What happens if prices stabilise and…

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Lowball Offers – What they are, how to do it, and how to deal with one if you are a Seller

Lowballing Vancouver Real Estate Updated May 7, 2019 Prices are falling and it’s a buyer’s market for Vancouver real estate these days. What is a Lowball? A Low Ball offer is one that is significantly less than the asking price (but maybe not the market value) of a property. Why are Canadians afraid to submit Low Ball offers? Negotiating the price for everyday items is not something is commonly done in Canada. In this country, the only things that people haggle or negotiate on are cars (most people only own 10-12 cars in their lifetime and not all are new)…

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Open Houses as a Marketing Tool for your Listing

  Hi All, I'm a huge fan of open houses as a marketing tool.  They provide a low-stress low anxiety atmosphere for potential buyers to see your listing. A lot of realtors don't like to do open houses and feel they don't do anything to sell a property. THEY ARE WRONG! Watch the video and let me know your thoughts. Have a look at 3005-111 West Georgia Street. This is the suite I mention in the video.

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