I have to say, I'm all for real estate and owning your home or having investment properties. Though, I don't know if I should sell my Vancouver downtown condo as it hasn't appreciated as much as I would have liked for the past 8-10 years. Do you expect another property value appreciation like the one experienced between 2013-2016?
Great episode, just sold a one-bedroom unit downtown with a fixed term tenancy until the end of November 2024 and had my doubts but the tenant was super accommodating and we ended up getting multiple offers over list price - thankfully the owner had realistic price expectations
I don't know much about Surrey but have seen many ads on presale condos near Surrey central. Looks like many developments going on there. Any thoughts?
Great video. Yeah I'd be interested to know what the owner was thinking renting it out for a year then listing it 2 weeks later. Something unexpected must have come up but who knows.
I see it all the time. Sellers are just not properly consulted on this. Many steer the ship and make the decisions as opposed to the Realtor. Penny wise and pound foolish .. don't want to lose any rent, what they don't understand is there leaving $30,000-$50,000 on the table in their final selling price, if they can even sell it!
Major trucking route, heavy traffic and noise about 20 hours a day. The prices are generally reflective of this but many buyers including myself would not be interested in living on this type of street.
Owen, great video. I am curious about how the market values a condo in terms of its floor level within a particular strata assuming it's a high-rise, and all other factors-view, exposure being equal. I have heard that lower levels are considered less desirable, but condos from the 4th level and the mid section seem to offer a closer connection to the community in many ways and may be preferable by buyers than the high floors. Or are there disadvantages. Are the higher floors always worth more (just because of the view)?
Thanks for another great video! I can’t believe people list homes for sale with a fixed term tenancy attached & almost a year remaining on the lease…
I have to say, I'm all for real estate and owning your home or having investment properties. Though, I don't know if I should sell my Vancouver downtown condo as it hasn't appreciated as much as I would have liked for the past 8-10 years. Do you expect another property value appreciation like the one experienced between 2013-2016?
I'm glad we bought the house we did in 2020. So many bad homes were being sold way over value the following year. Thanks again!
Great episode, just sold a one-bedroom unit downtown with a fixed term tenancy until the end of November 2024 and had my doubts but the tenant was super accommodating and we ended up getting multiple offers over list price - thankfully the owner had realistic price expectations
I don't know much about Surrey but have seen many ads on presale condos near Surrey central. Looks like many developments going on there. Any thoughts?
Great video. Yeah I'd be interested to know what the owner was thinking renting it out for a year then listing it 2 weeks later. Something unexpected must have come up but who knows.
I see it all the time. Sellers are just not properly consulted on this. Many steer the ship and make the decisions as opposed to the Realtor. Penny wise and pound foolish .. don't want to lose any rent, what they don't understand is there leaving $30,000-$50,000 on the table in their final selling price, if they can even sell it!
what's wrong with Knight street?
loud af. its a truck route
Major trucking route, heavy traffic and noise about 20 hours a day. The prices are generally reflective of this but many buyers including myself would not be interested in living on this type of street.
It’s 4 lanes of cars & trucks going up and down that street 24/7
What about druggie and hookers?
Owen, great video. I am curious about how the market values a condo in terms of its floor level within a particular strata assuming it's a high-rise, and all other factors-view, exposure being equal. I have heard that lower levels are considered less desirable, but condos from the 4th level and the mid section seem to offer a closer connection to the community in many ways and may be preferable by buyers than the high floors. Or are there disadvantages. Are the higher floors always worth more (just because of the view)?
I have covered this in older videos. Time to do another update.. stay tuned