Vancouver Real Estate – Tide Change

Serious Shopper

A list of Vancouver homes available for purchase is organized for a Buyer’s tour. The list is made up of homes that best meet the requirements specified.

Negotiation

Phone calls are made. Listing agents are cooperative and accommodating, excited to display their listings. Times are set, the show begins. Being positively negative, home’s chosen, have listing prices that are 15% to 20% above the Buyer’s budget.

Mark Downs

Ten homes later, the field narrows. Follow up discussions with listing agents ensue. Property issues are taken into account, adjustments are calculated and the feasibility of an offer 15% below asking price is verbally extended.

Surprise

Expecting to be told that such a suggestion is out of line it is instead invited with; “why yes, they might entertain that number, things have changed, it’s a real possibility – write it up!”

Reality

Such is the change in the Vancouver real estate market. Only a few months ago this conversation would have quickly ended with “you must be nuts!”

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I’m always happy to answer your Vancouver Real Estate question? Call or send me an email Twitter or Skype me at YatterMatters.

Larry

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

When Life Moves You - contact Larry:

*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

Reader Comments:

November 24th, 2008 at 4:49 pm

The only language a Seller understands is contained in a signed unconditional offer accompanied by a sizable deposit. Now that’s power!

November 25th, 2008 at 9:17 am

Very good explanation of the real estate process, in very simply easy to understand terms. I liked it, great post!

Gerard

blueskies Says:
November 26th, 2008 at 8:06 am

it’s a real possibility – write it up!

indeed!
a whole new meaning to the word motivated
i am looking forward to the spring listing season on Van East side……

November 26th, 2008 at 10:01 am

Duncan,
no question it’s the “I’m in or I fold” decision.

Gerard
KISS

Blueskies
I think it’s already here. West side $1,080,000 in May sells for $900 in Nov. You can figure the percent. Moving to the 20% mark. More to come I think and i’m not being a bear. Now add the latest from city hall with a potential 10% tax increase. It just gets more crazy.

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