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Old 08-09-2016, 09:28 AM   #7626
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Seeing as you're not in a must buy situation, ball's in your court. But if this is something you and your partner are seriously considering, I personally believe it would be a tough sale at 450k let alone 440k. The realtor fees will likely be in the range of 15-20k, other closing costs are the same regardless of listing with agent or private sale. Seller is probably thinking they could do a quick and easy sale and hook you up at ~470k
True, it could go that way. But I'm hoping to highlight some issues with the unit that will hopefully drive the point that investors won't be crazy about (and to be honest, won't even bother to investigate). Also tug on the heartstrings a bit saying it's been my home for the last 5 years, money's tight, etc. etc. Fingers crossed.

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I kind of agree. I watched the video and it seems the realtors met the man first, heard of his situation then sent a letter. Not something I would have done, but pending on their intent it could have been just a thoughtful note. A classier act would have been just a letter or card itself without the marketing material. They were walking on a slippery slope and definitell took a wrong step and hit every broadcast station on the way down lol.
Yup, as soon as they started writing "Let us know if we could meet your Real Estate needs" a little angel should have popped up on their shoulder telling them to back off. But then, being Realtors, they probably squished that guy ages ago.
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Old 08-09-2016, 09:32 AM   #7627
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True, it could go that way. But I'm hoping to highlight some issues with the unit that will hopefully drive the point that investors won't be crazy about (and to be honest, won't even bother to investigate). Also tug on the heartstrings a bit saying it's been my home for the last 5 years, money's tight, etc. etc. Fingers crossed.



Yup, as soon as they started writing "Let us know if we could meet your Real Estate needs" a little angel should have popped up on their shoulder telling them to back off. But then, being Realtors, they probably squished that guy ages ago.
Some people have no tact. Ah well. Hah

Here's what was on the 6pm news.
http://globalnews.ca/news/2871688/wo...card-to-widow/
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Old 08-09-2016, 09:59 AM   #7628
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when i heard about it, no matter what you send i can see it from pretty far away that it wouldn't play out very well in their favour.

at least it wasn't new coast realty
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Old 08-09-2016, 10:02 AM   #7629
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I remember growing up in the 90's being a real estate agent was a pretty well respected job. I could be wrong, but there seemed to be a lot more legwork and soft skills involved. Now real estate agents now in the same category as slimy car salespeople and ambulance chasing lawyers.
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Old 08-09-2016, 10:03 AM   #7630
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For those who are renting a condo/apartment, how much are you paying and which area are you at?
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Old 08-09-2016, 10:15 AM   #7631
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I remember growing up in the 90's being a real estate agent was a pretty well respected job. I could be wrong, but there seemed to be a lot more legwork and soft skills involved. Now real estate agents now in the same category as slimy car salespeople and ambulance chasing lawyers.
When real estate is slow, you see the good realtors survive. When it's booming, the greed comes out and every asshole who feels like can make some cash comes out of the woodwork. The next slow down, I bet 30% of the current realtors remain especially if it's a slow down of 4+ years.
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Old 08-09-2016, 11:00 AM   #7632
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I remember growing up in the 90's being a real estate agent was a pretty well respected job. I could be wrong, but there seemed to be a lot more legwork and soft skills involved. Now real estate agents now in the same category as slimy car salespeople and ambulance chasing lawyers.
The cat's out of the bag too with respect to what a realtor does. The Internet has made people think they're better lawyers, home stagers/photographers, marketers, home inspectors, and appraisers than in most cases people really are. So, people think that the work involved in a real estate transaction is really work that can be done by anyone who is willing to spend a couple of hours coming up with a plan to sell the property.

Also, it doesn't help that the commission structure has remained largely unchanged over time. Now realtors make double for doing the same amount of work compared to the 90s. Considering that most people's wages haven't doubled over the same period, there's lots of salt out there.
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Old 08-09-2016, 11:44 AM   #7633
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For those who are renting a condo/apartment, how much are you paying and which area are you at?
Scotia Bank Theater, $1580 1bd room, about 650sqft.
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Old 08-09-2016, 12:27 PM   #7634
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Kitsilano (Cornwall) - 1 bedroom 7-800sq/f 2 parking - $1100.

Too cheap, can't ever move.
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Old 08-09-2016, 12:31 PM   #7635
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Wow that is insanely cheap.
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Old 08-09-2016, 12:41 PM   #7636
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We're in the same boat not wanting to move.

$1250 per month for 1 BR + Den and 2 parking spaces, condo's on Brentwood Drive, Burnaby. We also have a pretty huge backyard, can't beat the deal we got on the rental years ago. Since we're good tenants the owner has never raised the rent on us either.
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Old 08-09-2016, 12:47 PM   #7637
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... and here I am looking for a place
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Old 08-09-2016, 12:48 PM   #7638
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Kitsilano (Cornwall) - 1 bedroom 7-800sq/f 2 parking - $1100.

Too cheap, can't ever move.
that is crazy cheap dude
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Old 08-09-2016, 01:21 PM   #7639
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Kitsilano (Cornwall) - 1 bedroom 7-800sq/f 2 parking - $1100.

Too cheap, can't ever move.
WHAT. How long have you been in the place?

I'm in an above ground basement suite (garden suite?) on Fraser Street. 500 SF, includes all utilities, cable, internet, etc. for $1070. Not cheap, but not too bad considering what other stuff is going for these days. Plus it's a new house.
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Old 08-09-2016, 04:54 PM   #7640
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$1600 700sq ft near science world. Got in last year before it spiked. Rent around this area is pushing close to $2000 for a 1 bed.

Bought a presale in Olympic village 2 months ago. Should of never rented and bought last year. Sigh.
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Old 08-09-2016, 05:14 PM   #7641
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Wow, those rents you guys have posted are pretty cheap.

On the flip side, I just rented out my 3-yr old basement suite near Langara for $1450/month. It's pretty small at about 500 sq. ft. and 2 bedrooms, but includes internet, utilities, in-suite laundry, street parking, and partially furnished.
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Old 08-09-2016, 05:30 PM   #7642
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This was my first time renting got in at 2014, and I thought that was reasonable maybe borderline on the expensive end. Landlord raised rent this year so I looked around to see what I can potentially rent after the increase. Everything is so expensive now, glad I got in when I did. The same unit in my building is going for close to $2000. A 450sqft studio is going for about $1750. My unit is a steal at this point.
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Old 08-09-2016, 05:46 PM   #7643
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Wow, those rents you guys have posted are pretty cheap.

On the flip side, I just rented out my 3-yr old basement suite near Langara for $1450/month. It's pretty small at about 500 sq. ft. and 2 bedrooms, but includes internet, utilities, in-suite laundry, street parking, and partially furnished.
Damn. Seems similar to what I have, but at $400 more a month

How do you fit 2 bedrooms plus a bathroom and living space into 500 sq ft??
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Old 08-09-2016, 06:22 PM   #7644
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$2600 2+den
UBC wesbrook
Newly finished condos are going close to $3k for 2bd
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Old 08-09-2016, 07:03 PM   #7645
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I'm a slumlord up on SFU Burnaby Mountain.
Similar unit to my studio is going for $800, unfurnished 300 sq/ft studio with no utilities.
$1500 for a 1 bedroom condo unfurnished and no utilities.
$2400 for a 2 bedroom furnished condo with no utilities.
$60 per month for a parking spot.
All are prices in a 10 year old building.
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Old 08-09-2016, 10:45 PM   #7646
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$1600 700sq ft near science world. Got in last year before it spiked. Rent around this area is pushing close to $2000 for a 1 bed.

Bought a presale in Olympic village 2 months ago. Should of never rented and bought last year. Sigh.

i just unloaded my condo in Olympic Village in March.
Bought February 2014 late presale, Moved in August 2014, Sold this March
Made about 100k decided to cash out and move ahead with my plans to rebuild my rental property into a duplex. Condo's just dont have this kind of rate of appreciation normally so i felt it was right to get out. I dont think i would have got much more 5yrs down the road.

I dont think you can go wrong in OV, its a great area, good ammenities, and will always be in demand. You'll never have trouble selling, even if there's a correction in the market, OV like downtown will stay in demand.

the grandview woodlands plans have just gone through, and building into a duplex is the way to go imo.

I'm looking for a tear down in the area, fsr got bumped from 0.6 - 0.75, a house down the street from me rebuilt into a duplex at .6 fsr, and one half just sold for 1.3m
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Old 08-10-2016, 12:50 AM   #7647
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I'm looking for a tear down in the area, fsr got bumped from 0.6 - 0.75, a house down the street from me rebuilt into a duplex at .6 fsr, and one half just sold for 1.3m
When did this happen?
I thought Vancouver FSR was 0.6 with conditional being 0.7 if you applied for additional building permits?
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Old 08-10-2016, 08:22 AM   #7648
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Helped rented these 2 units out lately..
1 bed 543 SF at marine gateway rent $1600 with 1 parking

2 bed 769 SF at MC2 rent $2400 with 1 parking
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Old 08-10-2016, 08:22 AM   #7649
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WHAT. How long have you been in the place?

I'm in an above ground basement suite (garden suite?) on Fraser Street. 500 SF, includes all utilities, cable, internet, etc. for $1070. Not cheap, but not too bad considering what other stuff is going for these days. Plus it's a new house.
Not too long, coming up 4 years I guess. It certainly isn't granite kitchens, and a new bathroom but I have new floors and it's cheap. If it had in suite laundry I could stay a long time. The units which come up now are going for $1600. Ouch.
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Old 08-10-2016, 08:40 AM   #7650
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2 bed 769 SF at MC2 rent $2400 with 1 parking
Thanks
I feel lot better about my $2600 rent now
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