Quote:
Originally Posted by MASTER_J
So what do you do when I just got married and we want to buy a house in North Bby or East Van, but all decent homes that are aged 25-50 years old are being snagged instantly 100-150k over asking with no subjects instantly after the weekend of open houses? I mean these old 30+ yr old bungalows around rupert/renfrew east van area, that require a pretty big reno job are being listed for 1 million are going for 1.1. Do i just bite the bullet and pay a premium for something that old? 1980s van spec homes are 1.2-1.35 which is rediculous. Bottom line is, do i have to offer 150k over list price with no subjects for 25+ year home IF i want to own a house ......
Parents and inlaws live in North Bby, we plan to have kids so being close to family is essential. I mean we could buy a 3000 sq ft 5 year home in Langley for 800k but the commute and distance is unbearable, plus ive lived in Van/north bby al lmy life. And both my wife and I work in Van.
The idea just sucks paying 1.1 for an old 40+ bungalow rancher home..... i'm praying for some kind of price adjustment some how.. lol
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Dude, we all in the same boat... but you didn't think about this before you got married? Prices have been steadily rising since 2003 or earlier save for 1 year of stagnant sales... this isn't a surprise situation that suddenly happened after you tied the knot lol