Are You Competing With Other Buyers?

Almost every offer I write for my Buyers these days, there are othe Buyers who want the same property at the same time! Especially for condos.

This really changes how I approach writing their offer. With the Buyer in agreement, there are steps you can take to prepare to win. prior to the offer presentation time.

1. For Condos, read all the documents you receive from the listing realtor. There are a lot of them! But if you read everything, as I will too, ask lots of questions, get professional opinions if needed, you can approve all the documents in your offer and not make them conditional for 5 to 10 business days

2. You can give your mortgage specialist all the property information and all your personal information prior to submitting your offer and get your financing pre-approved in writing.This lets you know how high your offer can go and still be within your approved range. VERY IMPORTANT.

3. If the condo documents show that the building is in good shape and that the owners are maintaining it properly, you may feel comfortable not having a Home Inspection condition. Even better, you can have an inspection done prior to submitting your offer

4. You can have your deposit check already in hand and a photocopy of it can accompany your offer to show you are a serious buyer!

5.You can find out what moving dates the seller wants and try to accommodate them

And there a few more tricks of the trade to make your offer more appealing. I was happy to help my client win against two other buyers with all of the above preparation in the purchase of the above condo in Kitsilano. We were so happy for her!

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Michael Geller, a contributor to the Vancouver Courier re: real estate/housing issues, always has a clear and calm view of the situation.

Six False Creek affordable housing lots still empty after three decades: Vancouver Sun front page story March 10, 2018

While I didn't write this story, I feel partially responsible for it.
     During the recent debate about the forthcoming North-east False Creek development, much was made of the city's promise to include significant affordable housing. This prompted me to comment that this was a noble goal, but before getting too excited about these units, what about the 6 empty social housing parcels lying fallow along the North Shore of False Creek?
     I knew about these parcels because I was given a tour of them by Concord Pacific during the 2008 municipal election. Furthermore, I was involved as an expert witness in a lawsuit over them a few years ago. Following my comments, Lori Cuthbert contacted me. I happily put her in touch with Cameron Gray, who was the City's Housing Director, and while not directly involved in the acquisition of these sites, knew why they remained undeveloped.
     I told Lori that I thought it was outrageous that these sites remained undeveloped, not as a criticism of Concord Pacific, but rather of the city, province and feds who could have come up with a strategy to see these parcels developed with affordable housing, even in the absence of deep government subsidies. Enough said.
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