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Old 05-12-2021, 11:33 PM   #18551
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Finally in a position where i can purchase a condo on single income. End unit in a building I like took 2 months to sell and sold beginning of April for 12% under asking (355k (White Rock)). Second unit comes up, non end unit, older appliances, smaller by 120 sqft. Sells for 450k four weeks after the end unit sold.

Man this market is so hard to predict and I literally can't outbid some of these offers with what my preapproval is. Forever renting i guess
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Old 05-12-2021, 11:46 PM   #18552
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few of my hs teachers were tupper grads and said it used to fare better (in the 2000s a student was beaten to death, the suspect was from my school)

now i work in the area and see a fair number in tech, medicine etc.
wouldn't be surprised if it's a pretty decent school now
Barring properly bad schools (i.e. unsafe), I don't think going to a lower-ranked school is going to hold back students that are driven and academically inclined. Family values/upbringing (and genetics) are probably the primary drivers of that. I went to a school that doesn't rank well - Centennial in Coquitlam - and had a solid experience overall. Many of my peers have gone on to be traditionally successful in their careers.

Anecdotally, my UBC med class had students from all over, including some of the "worst" high schools in Metro Van (QE in Surrey). Was there a disproportionate number of people from WPG, University Hill, etc.? Yeah, but I suspect that's more to do with their family environments being one that value education/career, and in having opportunities that come with higher SES - e.g. not having to work part-time, being able to study, volunteering, and so on. I don't think they were any smarter for it, although I may be biased.

I think where the lower-ranked schools perhaps do lag is in support for students who are struggling, or need extra resources - in that case, yes, there are tangible differences (funding availability, bandwidth/energy from teachers, etc.). I've had friends and family members struggle in some public schools (e.g. learning disability, behavioural problems) and do better in a setting that affords them more attention.
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Old 05-13-2021, 12:06 AM   #18553
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You must only know shady or crazy hustling ones then cuz most of them don’t give up a dime, some of my friends flip condos and did like 10+ deals with their realtor and never got anything back
Lol definitely not shady realtors. I'm surprised it's not more common... I actually thought it was the norm.
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Old 05-13-2021, 06:54 AM   #18554
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You must only know shady or crazy hustling ones then cuz most of them don’t give up a dime, some of my friends flip condos and did like 10+ deals with their realtor and never got anything back
Yeah, I've never got a dime back. My last Realtor didn't even give me a case a beer nothing and he did the sale and the purchase they avg around 1m each.

Hopefully I die before having to move again because selling and buying is not a fun experience and moving sucks.
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Old 05-13-2021, 08:52 AM   #18555
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I think the ones that give kickback tend to be Asian. Not that I've sold/bought that many places...

For my sale, I got a nice fruit basket and pretty large Costco gift card. Same realtor, I used her for my purchase, which went way quicker, I got a cheque and some beer/wine/chocolate.
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Old 05-13-2021, 08:53 AM   #18556
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Lol definitely not shady realtors. I'm surprised it's not more common... I actually thought it was the norm.
I feel like realtors don't want to give kickbacks unless you bargain for it because they don't want to sound desperate. I had to bargain with my realtor for a kick back and her condition was that we must use her to sell and buy our place to get $5k back. Alternatively, she offered a renovation credit if we used her only as the agent for our home purchase.
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Old 05-13-2021, 08:54 AM   #18557
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Time to totally overhaul the R/e system

How can anyone think it’s logical to pay Somone 25/50k for the amount of work that goes into listing and selling a house. It’s probably the most inequitable profession/transaction system out there lol
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Old 05-13-2021, 08:57 AM   #18558
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Time to totally overhaul the R/e system

How can anyone think it’s logical to pay Somone 25/50k for the amount of work that goes into listing and selling a house. It’s probably the most inequitable profession/transaction system out there lol
Especially for the education it takes to do that job, it's on par with the guy that sells you auto parts or the secretary at the Doctors office.
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Old 05-13-2021, 09:26 AM   #18559
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I think the ones that give kickback tend to be Asian. Not that I've sold/bought that many places...

For my sale, I got a nice fruit basket and pretty large Costco gift card. Same realtor, I used her for my purchase, which went way quicker, I got a cheque and some beer/wine/chocolate.
Yeah I've always dealt w/ Asian realtors. I too think it's bs to expect such a big % on RE given the prices here. My friends were able to get kickback % as well when I referred the realtor as well.
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Old 05-13-2021, 09:33 AM   #18560
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Lol I’ve got a “kickback” story.. so my dad is good friends with many builders. My grandparents were looking at a house in Clayton heights and my dad essentially had a deal in principle with the builder to buy one of his homes. However, he needed a realtor to complete the transaction

So he reached out to a realtor he had contacted previously who was actually a loosely related family friend (my uncle went to school with his wife, as well, myself and one of my siblings had her for our elementary school teacher)

My dad laid it out saying look, I’ve done all the work, I’ve done the deal, we’ve already come to agreement on the price, we just need you to sign the papers etc. For us. On my dads side (who, to his credit is a VERY clear, concise, person) he basically told this realtor that he take a portion of the commission but kick a good chunk of it back to my grandparents as he did almost nothing.

At the end of the day this realtor took about 9k of commission off this sale, and my grandparents got a $600 cheque in the mail..
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Old 05-13-2021, 10:32 AM   #18561
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My dad laid it out saying look, I’ve done all the work, I’ve done the deal, we’ve already come to agreement on the price, we just need you to sign the papers etc. For us. On my dads side (who, to his credit is a VERY clear, concise, person) he basically told this realtor that he take a portion of the commission but kick a good chunk of it back to my grandparents as he did almost nothing.

At the end of the day this realtor took about 9k of commission off this sale, and my grandparents got a $600 cheque in the mail..
Am I missing something here?

If your dad laid it out that the realtor only gets a small portion because he's just signing a few documents then how come your grandparents got screwed out of the majority of the commission?
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Old 05-13-2021, 10:41 AM   #18562
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Probably a verbal contract and it's hard to hold up in a court of law.
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Old 05-13-2021, 10:42 AM   #18563
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Because that was the interpretation the R/E took as a his share

They didn’t necessarily come to a value amount as my dad thought given previous relationship they wouldn’t have to (obviously his fault in hindsight) but given he did literally nothing and took 90%+ of the commission and thought $600 would be an adequate share for spending less than a couple hours signing documents, goes to show how much realtors respect personal relationships or really personal honour lol..

To top this off this wasn’t a guy who was hurting for business or money, this guy was a 25+ year well known realtor
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Old 05-13-2021, 10:58 AM   #18564
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May I ask why he used a realtor at all?

The real reason to use a realtor is to put the liability on them, in reality that’s what your paying for.
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Old 05-13-2021, 11:02 AM   #18565
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Don’t recall the circumstances. But I believe it may have been that at the time the builder/developer did not have a sales team so they needed Somone to write the deal

This was 10+ years ago now or so
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Old 05-13-2021, 11:04 AM   #18566
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Yeah ok that makes sense. A company wouldn’t write without a licensed realtor. Once again, liabilities.
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Old 05-13-2021, 12:21 PM   #18567
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For my sale, I got a nice fruit basket

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Old 05-13-2021, 05:54 PM   #18568
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Can you explain this? I don't get it.
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Old 05-13-2021, 06:41 PM   #18569
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Can you explain this? I don't get it.
Disdain for a fruit basket
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Old 05-13-2021, 07:29 PM   #18570
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Time to totally overhaul the R/e system

How can anyone think it’s logical to pay Somone 25/50k for the amount of work that goes into listing and selling a house. It’s probably the most inequitable profession/transaction system out there lol
I remember back in the mid 90s when my parents knew realtors and it was a tough job since it was all comission; you really had to hustle to make a decent living even with all the HK people moving over here. How times have changed, and the system hasn't adapted to the new environment.
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Old 05-14-2021, 12:49 PM   #18571
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Can you explain this? I don't get it.
When principle skinner got fired, they gave him "an extremely generous severance package"

It was a fruit basket lol. And he called out how the valencia oranges aren't even good for eating, they are typically used for juicing.
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Old 05-14-2021, 09:15 PM   #18572
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Always negotiate kickbacks when choosing a realtor. My realtor gave me a 50% kickback on his commission for a presale condo. It's frowned upon amongst realtors but they all do it.
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Old 05-15-2021, 12:31 AM   #18573
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Christ..

332 East 23rd Av across from Livingstone Elementary just sold over ask $4,000,000.



332 East 23rd Avenue, Vancouver East - Video Openhouse - Captivate your audience
Globe and Mail article about this record price:

https://www.theglobeandmail.com/real...ises-eyebrows/

Article below:
Spoiler!
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Old 05-15-2021, 10:51 AM   #18574
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Globe and Mail article about this record price:

https://www.theglobeandmail.com/real...ises-eyebrows/
Paywalled.
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Old 05-15-2021, 11:35 AM   #18575
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Paywalled.
Post updated with article quoted below!
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