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08-01-2018, 06:51 AM
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#12576 | | reads most threads with his pants around his ankles, especially in the Forced Induction forum.
Join Date: Mar 2004 Location: Vancouver
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Originally Posted by G  Yep that was my listing. During last open house there was a total of 4 groups that came. Only 1 was interested to offer on it. Yea, I mean, I am sure I could have waited, but I am trying my luck on a two bedroom assignment right now. My realtor said that its definitely slow at the moment and the three towers combined have 30-40 listings. I think right now theres just too much competition in the development for 1 bedrooms.
I wish I knew you earlier so that you can buy mine haha. I knew I couldn't get anything higher since I was hitting close to same psf prices as Metrotown which shouldn't be possible. | Are your low raise or high raise? Coz high raise around metrotown is around $1200/sq ft for a one bedroom. low raise I am not sure but I would image it would be around $100sq ft for wood frame
I mean you could always sell your place and find a short term rental while you are searching. Or you used to be able to do that but NDP decided to kill off AirBnB and short terms in favor or long term rental.
Last edited by Mr.HappySilp; 08-01-2018 at 06:57 AM.
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08-01-2018, 07:44 AM
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#12577 | | I have named my kids VIC and VLS
Join Date: Oct 2001
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If your listing has been on the market for a month + and have had multiple open houses without a sale, imo you’re in a position of weakness at that point.
At least that’s how I felt selling our place
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08-01-2018, 09:05 AM
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#12578 | | My homepage has been set to RS
Join Date: May 2011 Location: Langley
Posts: 2,297
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going to be list my townhouse soon hopefully the market isn't too slow and we can sell our place and get out of this rat race!
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08-01-2018, 09:17 AM
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#12579 | | Proud to be called a RS Regular!
Join Date: Apr 2018
Posts: 113
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Originally Posted by Nabatron going to be list my townhouse soon hopefully the market isn't too slow and we can sell our place and get out of this rat race! | Goodluck! Where's your townhome located? Moving to a detached I'm guessing?
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08-01-2018, 09:30 AM
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#12580 | | My homepage has been set to RS
Join Date: May 2011 Location: Langley
Posts: 2,297
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^thanks my dude! located in Langley, trying to sell our place and move to west Kelowna to a detached house. Would be more central for us with wife's parents living in abby/chiliwack and my parents living in the kootneys. It would be easier for us for both of them to come and see us and vice versa. Plus with baby number 2 on the way would need something with a back yard that doesn't cost us 800k for a piece of shit detached house here lol
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08-01-2018, 10:11 AM
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#12581 | | Hypa owned my ass at least once
Join Date: Aug 2007 Location: Paradise, BC
Posts: 6,594
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Originally Posted by Mr.HappySilp The strata seems to be on top of things and most owners did vote to increase strata fees to build the contingency fund for future maintenance (which is great since a lot of the apartment that's used for rentals the owner always vote to defer any maintenance work being done which turns the building into shit). | I wish more stratas are like this in terms of staying on top of things, but it isn't just a matter of the strata council. A good chunk of the reponsibilities fall on the residents as well.
In my rental apartment, they have some good people with good intentions for the building on the strata council (except for one elderly lady, but I digress), but their execution sometimes fall a bit short of their well-intentioned plans. And then we have residents who continue to make decisions that baffles me to no end.
In the most recent case, the strata corp has run into a deficit situation due to a higher than expected number of incidents happening last year. So OK, there is a deficit, and by provincial law, you have to deal with it within the following (fiscal) year. With a deficit like that, you either take money out from the contingency fund to cover it, or you raise a special levy to pay for it. Either way, it needs to be taken care of.
According to the financial statements, the contingency fund seems to be at an average level. As to the deficit, I don't remember the actual amount, but for my unit (which is one of the larger ones in the building), it worked out to be ~$300. IMO, $300 isn't pocket change, but it isn't a huge sum either. So the sensible thing to me is, just pay the special levy and move on. But in the infinite wisdom of the residents, the motion to pass the special levy was voted down. Council made it clear during the AGM that the deficit has to be settled one way or another, and made some good arguments against using the contingency fund for this. But no -- the motion was narrowly voted down, with something like a 55/45 split. 
I can go on about other stories as well, but I need to run now, so I'll save those for later.
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08-01-2018, 10:41 AM
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#12582 | | Willing to sell body for a few minutes on RS
Join Date: Mar 2002 Location: Victoria
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Originally Posted by Hondaracer If your listing has been on the market for a month + and have had multiple open houses without a sale, imo you’re in a position of weakness at that point.
At least that’s how I felt selling our place | This pretty much applies to selling anything really.
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08-01-2018, 03:00 PM
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#12583 | | I subscribe to Revscene
Join Date: May 2001 Location: Vancouver
Posts: 1,980
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Originally Posted by Nabatron ^thanks my dude! located in Langley, trying to sell our place and move to west Kelowna to a detached house. Would be more central for us with wife's parents living in abby/chiliwack and my parents living in the kootneys. It would be easier for us for both of them to come and see us and vice versa. Plus with baby number 2 on the way would need something with a back yard that doesn't cost us 800k for a piece of shit detached house here lol |
i wish there was a POS detached house for 800k in the LML lol!
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08-01-2018, 05:16 PM
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#12584 | | It's like going crazy when you're already nuts
Join Date: Aug 2005
Posts: 5,829
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Originally Posted by DA9ve i wish there was a POS detached house for 800k in the LML lol! | https://www.rew.ca/properties/R22834...erty_click=map
$499k
61*125 lot
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08-01-2018, 05:50 PM
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#12585 | | Performance Moderator
Join Date: Jun 2001 Location: Richmond
Posts: 15,506
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Originally Posted by jing | Wow... ask and ye shall receive I guess  | |
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08-01-2018, 06:26 PM
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#12586 | | Willing to sell body for a few minutes on RS
Join Date: Jul 2001 Location: Cloverdale
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Originally Posted by 68style Wow... ask and ye shall receive I guess | I was thinking more along the lines, careful what you wish for.
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“The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I don´t care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. That´s how winning is done. Now, if you know what you worth, go out and get what you worth.” - Rocky Balboa | |
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08-01-2018, 06:44 PM
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#12587 | | Rs has made me the woman i am today!
Join Date: Jan 2012 Location: PENIS
Posts: 4,193
Thanked 4,069 Times in 1,253 Posts
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__________________ There's a phallic symbol infront of my car Quote: |
MG1: in fact, a new term needs to make its way into the American dictionary. Trump............ he's such a "Trump" = ultimate insult. Like, "yray, you're such a trump."
| bcrdukes yray fucked bcrdukes up the nose
dapperfied yraisis
dapperfied yray so waisis
FastAnna you literally talk out your ass
FastAnna i really cant
FastAnna yray i cant stand you
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08-01-2018, 08:47 PM
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#12588 | | Proud to be called a RS Regular!
Join Date: Apr 2018
Posts: 113
Thanked 51 Times in 38 Posts
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Nice detached! Everything needs to get detached haha. It's a court order sale too so it could go way lower or way higher than that. Hmmmm
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08-02-2018, 01:12 AM
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#12589 | | Need my Daily Fix of RS
Join Date: Sep 2006 Location: East Vancouver
Posts: 269
Thanked 332 Times in 72 Posts
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So... How's the pre-sale market? Still worth jumping into?
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08-02-2018, 07:35 AM
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#12590 | | Performance Moderator
Join Date: Jun 2001 Location: Richmond
Posts: 15,506
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^
Yes. Just do it... because RS said so.
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08-02-2018, 07:56 AM
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#12591 | | reads most threads with his pants around his ankles, especially in the Forced Induction forum.
Join Date: Mar 2004 Location: Vancouver
Posts: 10,645
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Originally Posted by tr0ubl3s0m3x So... How's the pre-sale market? Still worth jumping into? | Pre sale is getting very expensive. I would say all developers is pricing their pre sale at the future price. say if X project is to be completed in 2021 that's the price they will price it now. Since the market have been going up for the past few years developers have been pricing their pre sale with this upward trend.
However market is slowing and price have drop a bit. So when it comes to completetion the market might drop a lot already. I would say now is not a really good time to buy pre sale since price is way too high.
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08-02-2018, 08:33 AM
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#12592 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 36,565
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Originally Posted by Great68 This pretty much applies to selling anything really. | The thing with buying somthing off Craigslist etc is that you continually get new people coming and going there. Your ad gets bumped, it catches a new persons eye, they are no wiser that you’ve been selling it for an extended period of time
Someone looking in the area/building your selling in is usually pretty keen on keeping their eyes open to listings and when their realtor sees you’ve had a few open houses and the listing is 60 days old that’s when you start getting the low ball/under asking offers. If you’re in a state where you have pressure to sell, it’s a shitty place to be.
Only thing you can do really is make sure your unit is the best example for sale, then at least you have that leverage in negotiations
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08-02-2018, 11:25 AM
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#12594 | | y'all better put some respeck on my name
Join Date: Dec 2002 Location: Vancouver
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Danger will pre-sales is you're still buying high and who knows how high rates will go, what mortgage rules will change and what NDP foreign buyer tactics will pop up next year. Also biggest concern for me is what happens to all the people who bought pre-sales and can't qualify for a mortgage who will flood the market with assignments. This will put further downward pressure on prices.
Personally I'm sitting on the sidelines and waiting until next Spring to see where the RE market is heading. Right now a lot of people haven't received the memo and prices don't reflect the current state of the market. It'll take a few months for reality to set in.
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08-02-2018, 01:10 PM
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#12595 | | reads most threads with his pants around his ankles, especially in the Forced Induction forum.
Join Date: Mar 2004 Location: Vancouver
Posts: 10,645
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^^ people have to remember some people like me who purchase pre sale between 2013 to 2016 we have it a very very very good price. Even if the market were to drop 20% we will have money. But for now is not a good deal. I just heard Brentwood Concord is 680k + for a one bedroom. That's around $1346+ per sq ft. That's a lot! I think when I got mine it was around $590 per sq ft. Price is double lol.
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08-02-2018, 03:17 PM
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#12596 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 36,565
Thanked 14,403 Times in 5,675 Posts
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no one thought it was a "good" deal when you bought either though
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Dank memes cant melt steel beams
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08-02-2018, 04:01 PM
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#12597 | | My dinner reheated before my turbo spooled
Join Date: Jan 2008 Location: Vancouver
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Pre-sales were never cheap and the same "keep waiting" was said back then too.
You cant predict the future or time the market. Just get in and worry about the consequences after.
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08-02-2018, 04:29 PM
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#12598 | | i like gifs
Join Date: Dec 2001 Location: imgur
Posts: 27,179
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Originally Posted by Ludepower Pre-sales were never cheap and the same "keep waiting" was said back then too.
You cant predict the future or time the market. Just get in and worry about the consequences after. | I know a few people that bought into the Wall Centre Central Park and have easily doubled their money after selling. WCCP was a great buy for both investment and living.
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08-02-2018, 04:40 PM
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#12599 | | y'all better put some respeck on my name
Join Date: Dec 2002 Location: Vancouver
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Hopefully the people who made money flipping WCCP paid taxes because the CRA announced last week they're probing WCCP, Trump Tower and the Tempo project in Richmond. This is another reason the presale market will cool down.
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08-02-2018, 04:51 PM
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#12600 | | My dinner reheated before my turbo spooled
Join Date: Jan 2008 Location: Vancouver
Posts: 1,738
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Originally Posted by Ch28 I know a few people that bought into the Wall Centre Central Park and have easily doubled their money after selling. WCCP was a great buy for both investment and living. | Im saying presales was always overpriced. Luckily the market kept rising rapidly where you made out like a bandit.
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