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Vancouver Off-Topic / Current EventsThe off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.
That area is the newer Concord buildings? Most of your renters will be new buddy guys/ sfu students. With a dose of shootings and stabbings at Surrey Central station
Subject to sale ? I wouldn’t even consider the offer unless it’s ridiculously over what I wanted. No way.
One might certiainly consider it if the market slows enough to like it is in the Fraser Valley right now, and/or you had a property that wasn't seeing much interest.
Are you guys adding subject to sale in your offers right now?
Our realtor is suggesting that in the North Van market, subject to sale is still not a thing and that he hasn't seen it in 12 plus years, nor in any of his current offers.
But our mortgage broker is insisiting it, saying that we'll never qualify for the larger mortgage without selling ours first, and it's too large a risk.
I know in the Fraser Valley the market is much colder and that's different, but thinking specifically of the North Shore, Burnaby or East Van right now.
I sold my house subject to sale the fall before Covid. The market was really flat and it was the best offer I got, I decided if it didn't work out fine we'd just stay, it actually ended up going through a few months later.
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The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I donīt 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. Thatīs how winning is done. Now, if you know what you worth, go out and get what you worth. - Rocky Balboa
Are you guys adding subject to sale in your offers right now?
Our realtor is suggesting that in the North Van market, subject to sale is still not a thing and that he hasn't seen it in 12 plus years, nor in any of his current offers.
But our mortgage broker is insisiting it, saying that we'll never qualify for the larger mortgage without selling ours first, and it's too large a risk.
I know in the Fraser Valley the market is much colder and that's different, but thinking specifically of the North Shore, Burnaby or East Van right now.
I've had subject to sale on a couple of my listings last year. Wouldn't say it's uncommon, but it comes and goes in phases depending on the market. I've always countered back with a time clause, putting the onus on the selling agent to get their buyers place sold. As for the MB, you can bridge the loan, (as mentioned before) however MB won't be able to do that for you , you'd have to get a MS from a bank to do that. Unless your household income doesn't support it. You'd also need a firm offer on your sold place before the bank will activate the bridge loan
Your need both sides sell and buy contract to be confirmed to bridge loan, so if there's a subject to sale on the sell side it probably isn't good enough.
North Van looks small but can vary quite a bit from area to area
Norgate ain't no Delbrook LOL
couple of houses sold within 7-10 days on market in my hood
newer builds got a 1/2% drop while the craftsman specials sold at asking
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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
There will always be realtors who are not in your interests
-it's still a crap market now.. put in no subjects
-inspections... ? dont do it cause they will reject your offer.
-i want to hold out for a better price. - are you crazy.. it's a crap market ... just accept it.
many just want a fast commission in these tough times....
I dunno, It's the Thompson river, not a lake. that's in such a weird little armpit location. Blocked in by the Transcanada Highway, The Railway Tracks, and a stretch of car dealerships. naw thanks.
There will always be realtors who are not in your interests
-it's still a crap market now.. put in no subjects
-inspections... ? dont do it cause they will reject your offer.
-i want to hold out for a better price. - are you crazy.. it's a crap market ... just accept it.
many just want a fast commission in these tough times....
This all boils down the the RE boards. They literally put out courses to "train" how to put in a strong offer subject free. Nothing but money grabbing courses by the RE boards. That being said, still up to the client at the end of the day to sign on the dotted line. Ain't nobody putting a gun to their heads.
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Originally Posted by carsncars
Sorry I'm not really seeing "enchanting" nor "English manor-style"...
Thoughts on 50 year old (70's) townhouses in Vancouver? The $/sqft can't be beat but it's out of comfort zone in terms of owning one that age
My first questions to ask are:
- how much are the (monthly) strata fees?
- what does the strata depreciation report tell you?
- what does the strata's AGM / financial statement look like?
IMO those would be the places to start considering how good of a purchase it might be.
I was going to use this guy back in 2019, but I ended up offering no subjects so I didn't get to use him and then my GC I was using to reno used to be an inspector so I found out all the bad stuff from him (just poly b piping was the worst).
Anyway he's a local Inspector who lives in North Vancouver right on Mt. Seymour Parkway.
The only "problem" i've heard is that he's too thorough and nit picks on a lot of things, which is why a lot of realtors don't like him because if the buyer doesn't know much, they get scared of his report. Based on his videos it seems like he knows what's up.
He’s exactly what you say, he’s the type of guy who hangs hit hat on finding the most obscure shit possible to basically show he’s “doing his job” and a big part of doing his job seems to be showing you how fucked up the place you’re looking at is.
In my discussions with him I’m almost certain he’s never once actually built a home himself.
He was also a total POS to the person I met him through, so hard pass for me
Edit* also the realtors who I used to see use him all the time never use him anymore, so I’m wondering if they got tired of him pushing a buyer out of a deal etc. a lot of the stuff he shows in his videos are overblown/non-issues or easily addressed by a contractor etc.
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Thoughts on 50 year old (70's) townhouses in Vancouver? The $/sqft can't be beat but it's out of comfort zone in terms of owning one that age
I have one - near SFU. Tons of space, fairly solid structure, always do research on your strata. Biggest problem for us is the service, it's not even 100 amp so no EV charging at home.
We basically gutted ours and did a major reno, so it feels very modern inside.
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Originally Posted by PeanutButter
Damn, not only is yours veiny AF, yours is thick AF too. Yours is twice as thick as mine.. That looks like a 2" or maybe even 3"?
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