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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 - November 15, 2021 When prices are falling in Vancouver Real Estate also known as a "Buyers Market", some buyers use an aggressive negotiation strategy called the Lowball offer. What is a Lowball? A Low Ball offer is a real estate offer on a home 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 that is commonly done in Canada. In this country, the only things that people haggle…

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