The closing dates are one of the most important terms on the contract of purchase and sale. Here are some tips to make sure it goes smoothly.


1. Never close on a Friday, particularly at the end of a month because this is the busiest day for lawyers/notaries. Sellers may not get paid until Monday.

2. Wednesday is the best day to close and the second or third week of the month is the best week.

3. If you are buying and selling a property in the same time period, complete the sale of your home 2 days prior to the completing the purchase of your new home and have possession one day later than the possession date of the home you sold. 

4. Sellers must turn over the home you are selling in broom swept condition. Hiring a maid service is a good idea.

5.Buyers should not plan to move i until late in the day or the day after completion, in case the closing does not happen until lat in the day or the deal has to be extended.

 

Thinking of buying or selling? Call Maggie 604-328-0077. SERIOUSLY LOCAL !

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You've decided on a specific Vancouver neighbourhood and wish to buy a property. What is the long term potential of your neighbourhood? Here are some questions to think about.

1.are employment opportunities growing nearby - house prices tend to decline if jobs are leaving the area

2. are there nearby housing or community developments that will enhance the quality of life in the area?

3. Is there crime rate on the rise or decline?

4. Is there public transportation nearby?

5. Does the property you wish to purchase have features that will be alued by future home buyers, such as parking or a spacious balcony?

6. Does the are have short term negatives that will eventually disappear?

 

Need help finding the right Vancouver property? Call Maggiie 604-328-077 SERIOUSLY LOCAL!

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Because you price your property correctly - which is at a price similar to recent solds - doesn't mean you won't get a low ball offer. So how do you handle the situation?

Either the buyer is offering a low price in the hopes he may be successful, or he and/or his Realtor are mistaken about the current market value and perhaps are not familiar with the neighbourhood..

Stay calm and negotiate! Have your Realtor find out if the Buyer has a pre-approved mortgage, ask if they are expecting a counter offer. They may not answer the last question honestly. So counter the offer at almost full price and if they dont not come back with a realistic counter, you will likely not reach an agreement.

Low ball offfers generally occur in buyers - not sellers - markets.


Selling your Vancouver condo and have a question? Call Maggie 604-328-0077 SERIOUSLY LOCAL!




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In BC, job creation continues to accelerate. The province added 23,300 new jobs in October, including 11,300 full-time positions.  However, the provincial unemployment rate remained flat at 6.3 per cent as BC's economic performance continues to attract new entrants to the labour force from both inside and outside of the province.

Year-to-date, employment in BC is up just 1 per cent but has risen at a rate of 2.3 per cent over the past three months and was up 3 per cent year-over-year in October. 

 

november 2015

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