Vancouver Real Estate – Tide Change
Posted November 22nd, 2008 in Buying or Selling, Real Estate, Sharing the Experience | 
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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Larry
The only language a Seller understands is contained in a signed unconditional offer accompanied by a sizable deposit. Now that’s power!
Very good explanation of the real estate process, in very simply easy to understand terms. I liked it, great post!
Gerard
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……
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.