Blog by Craig Rushton | Vancouver Real Estate | 604.505.6503

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Buying a Home vs Buying an Investment

February 23rd, 2009

As prices in Vancouver have decreased but rents have stayed high we have seen an influx of first time investors. Buying an investment property is very different, however, then buying a home. When you buy a home you look for things you like and that you deem important; square footage, a large deck, granite counters. When you buy an investment property things like rent potential, maintenance fe ...

Why I DON'T use a lockbox

February 12th, 2009

Email from the Real Estate Board of Greater Vancouver. Received February 12, 2009, 11:55am.

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Dear member,

Early this morning a West Vancouver real estate office was subject to a break-and-enter. One Supra lock box key, pin number and instructions have been reported stolen. The sole intent of this break-in appears to have been to obtain lock box access. The security of all Supra lock boxe ...

What will it take in 2009?

December 28th, 2008

What will it take to sell your home for top dollar in 2009? 2008 was a frustrating year for a lot of sellers, faced with low-ball offers, price reductions and buyers who had more options then ever before. If you plan to sell your home in 2009 you will need keep three things in mind:

  1. Price. In 2009 you will need to be ahead of the market, not chasing it.
  2. Marketing. Your home will have ...

Communication

December 17th, 2008

OK, so it's a bit of a cliché but communication is crucial to success. In a relationship, sports team, small company and Real Estate transaction. Communication can't guarantee success but it is a vital part of success. When you list your home, how often does your Realtor call or email you to update you on what's going on? On upcoming plans? When another realtor calls to schedule a showing of ...

The Importance of Great Photos

December 9th, 2008

We talked about it before but one thing that really drives me crazy is when a listing has poor photos-or no photos at all. On Realtor.ca you are given space for 10 photos, that's 10 opportunities to catch someone's attention and get them to view your home. Our company's policy is to feature at least 21 photos of all our listings. Great photos are essential in Real Estate today; they showcase ...

Are you kidding me?

December 8th, 2008

Last week a colleague of mine at CENTURY 21 In Town Realty wrote an offer on a condo on Marinaside Crescent. Her clients were a young couple receiving money fro their parents. The condo was a one bedroom with a partial water view listed at $469,000. The offer was for $420,000-all cash, no financing subject, not something we are seeing very often with money being harder to get these days (reme ...

Pitfalls when selecting a Realtor to Market your Home

November 25th, 2008

Selecting a Realtor to Market your home can be a tough decision. Daily we are bombarded by flyers, postcards and bus benches telling us to choose this Realtor or that...how do you know you are choosing the best Realtor for your home? The questions to ask are fairly straightforward: What kind of marketing do you do? How will my home be exposed? How well do you know this area? Below are the thr ...

Expired Listings

November 23rd, 2008
The Real Estate Market has Changed...Shouldn't your Marketing Change with it?

Dear Owner of an Expired Listing,

I am sorry your home has expired from its listing contract and remains unsold. I encourage you not to be discouraged nor frustrated, but instead ask yourself: Why didn't my home sell? Which excuse did you hear? The price was too high, Nothing's was selling, the sky was falling.. ...

A Good Buy??

October 9th, 2008

Everyone asks what they should but, what makes the most sense, what is the best investment...My answer is usually to buy something that you want to live in for the next few years, real estate investments are long-term. Also, a great idea is to buy something unique; with a huge terrace, zoned live/work, in a building where your neighbour's unit isn't the exact same as yours. In a market where ...

What we need to do

October 3rd, 2008
We need to stop looking at Real Estate as a 401K. We need to close the door on the "commodity housing market." We need to get back to seeing Real Estate as a Home first and an Investment second. The happiest clients a Realtor has are the ones who buy a home that they love and a home they are happy living in, not the ones who bought the home that will yield the highest return in 6-10 years.

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