BURNABY
FRIDAY, APRIL 3, 2015
NEW WESTMINSTER
info@rew.ca • 604-435-7977
Looking to BUY or SELL a home? To assist you in making the best decisions, a professional Realtor can provide the most up to date information on the real estate market, price, financing and comparative properties in your area.
R E A L E S TAT E W E E K LY
Find your EXPERT Real Estate professional right here in REW.ca!
Is Lowball Offering
?
a Legitimate Buying Strategy A
common topic among real estate buyers is whether or not they should offer a price that is much lower than the listed price. It’s an interesting concept, but one that is not without its pitfalls. Submitting an offer is one thing, but getting the offer accepted is another thing altogether. Let’s take a look at three different factors to consider. 1) Be Certain You Fully Understand Market Conditions In a market like Vancouver and the Lower Mainland we are often faced with an inevitable reality – people really like living here. Sellers are more than aware of this, and are primed to take full advantage. Having a look at comparable properties in the area that have sold going back as far as two years
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(or further) will give you a good understanding of what the seller is expecting. Maybe they’ve already priced it low to encourage multiple offers or a quick sale? If that’s the case, it’s likely they won’t even submit a counter offer. As real estate agents we are very much held to account by what the market will bear, and buyers and sellers are not immune to this either. 2) Make Sure You Are Willing To Negotiate Starting will a low offer could be considered disrespectful or a bullying tactic. If that’s the case, why not submit another offer slightly higher if you don’t hear back from the seller? If the goal is to get the ball rolling on negotiations, being flexible can enhance the likelihood
What It Takes to Win a Bidding War in a Competitive Market
of this occurring. The #1 rule of real estate is to not take things personally, so if you plan of submitting an offer that is substantially lower than the listed price, make sure you offer the seller something in return. 3) Your Offer Should Be As Clean As Clean Can Be If price is your primary concern, then the other subjects in the offer should be valuable to the seller. Is offering a quick possession of value? You never truly know someone’s motivation for selling – for all you know this money could be keeping a business afloat or needed to bail a family member out of financial trouble. There is one thing that is constant throughout the world, and that is money makes it go round.
Ask the Expert: Do I Really Need Mortgage Pre-Approval?
And cash is king! Use any superlative you want, but quick money can offer be a great thing to offer a seller. Excluding the financing clause and offering a large deposit will let the other party know you are serious and able to act quickly. As a real estate agent in Vancouver I personally prefer to avoid lowball offers, but a lot of agents who work with investors are more comfortable with this strategy. It’s not my preferred way of doing business, but at the end of the day it’s always ultimately my client’s decision whether or not they want to submit or accept an offer that is substantially lower than the listed price. More real estate advice from local Realtor Barry Magee at his website livinginvancity.com
Photo Gallery: Ten Very Special Renovated Vancouver Specials
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R E W.ca » B U R N A BY / N E W W EST M I N ST E R » F R I DAY A P R I L 3 , 2 0 1 5
ROCK SOLID PERFORMANCE 604-263-8800 website: www.prudentialunitedrealty.com (24 HOURS)
email: prudential@prudentialunitedrealty.com
United Realty
Congratulations!
Prudential United Realty congratulates all our top producers on their outstanding performance for 2014. We are proud to recognize the work ethic and dedication that you have all shown to your profession; it is appreciated by your clients and fellow realtors. Keep up the good work.
Chairman’s Circle-Gold
Nick Parente
Reg Perry
Prudential Legend 10 Years Lifetime Medallion Club Member
Diamond Master Medallion Club Member
President's Circle
Susan Ninow
William Wat
Hans Gust
Prudential Legend 5 Years
Master Medallion Club Member
Master Medallion Club Member
Leading Edge Society
John Gust
Linda Fong Kenny
Jason Fan
Ross O'Brien Gold Master Medallion Club Member
Honour Society
Giselle Wong
Eva Yu
Francis Futama
Gordon Legg
Fred Wallace
Paula Baverstock Michael Bertrand
Edward Chiu
Lifestime Medallion Club Member
Brad Nelson
Vivienne Scudder
Katerina Tarbouskas
#201-2107 West 40th Ave., Vancouver, B.C. V6M 1W4 - Prudential United Realty - K742B - 4567 Lougheed Highway (Brentwood Mall) Burnaby, B.C.
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Congratulates Our Medallion Winners for 2014
centre realty
centre realty
Joe Bhango
Darshan Brar
Simon Cheung
Wayne Chow
Leonardo DiFrancesco
Vince D'Ovidio
Team Member - 2 years
Life Member
Team Member - 1 year
Team Member - 1 year
Life Member
Life Member
Pedro Gomes
Angela H. Huang
Raymond Hui
Brian Kim
Tino Kuo
Wallis (Wan-Yu) Lee
Team Member - 1 year
Team Member - 1 year
Individual - 18 years
Individual - 7 years
Team Member - 1 year
Individual - 1 year
Michael Liu
Randall N. Ly
Timothy Ly
Carlo Melo
Frederick Moy
Nadia Naderi
Individual - 1 year
Team Member - 1 year
Team Member - 1 year
Individual - 13 years
Individual - 24 years
Individual - 1 year
Spomenka Nikic
Gino Pezzani
Ken Pho
Ryan A. Runte
Alan T. Tsai
Ralph P. Tsai
Individual - 10 years
Individual - 3 years
Team Member - 2 years
Team Member - 4 years
Team Member - 5 years
Team Member - 1 year
Neha Unadkat
Brian Vidas
Andy P. Wong
Eddie T. Yan
Alec Zhang
Team Member - 2 years
Individual - 6 years
Life Member
Individual - 15 years
Individual - 5 years
Sutton - Centre Realty 3010 Boundary Road, Burnaby, B.C. V5M 4A1 Office: 604-435-9477 website: www.suttoncentrerealty.com AN INDEPENDENT MEMBER BROKER
Most Homes SOLD In Burnaby For 2014** ** according to 2014 MLS statistics for single offices in Burnaby
Managing Broker: Office Manager:
Derek Drew Poonam Gill
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JASON SOPROVICH
PETER JENSEN 604.813.4490 90
EXCELLENCE IN THE LUXURY HOME MARKET
604.817.8812 OPEN HOUSE
MagniďŹ cent Heritage Residence in Buckingham Heights Originated in 1892, the ‘Wintemute House’ is Burnaby’s most historical residence offering a one-of-a-kind tranquil setting complete with magniďŹ cent grounds, stone walls, lush landscaping, Porte Cochere and 5-car garage. This magniďŹ cent heritage residence is situated on a large 1/3-acre property in the heart of Burnaby’s most sought after and prestigious ‘Buckingham Heights’ neighbourhood. Featuring complete privacy and approximately 5,000 sq. ft. on three sprawling levels, the home offers impeccable quality and ďŹ nishings of yesteryear and has been meticulously maintained with the utmost of care and attention to detail. The bright open oorplan features 5 spacious bedrooms upstairs including a sensational master with sitting area, four gleaming bathrooms, spacious living and dining rooms with roaring ďŹ replace, high ceilings with crown mouldings, a wonderful kitchen and eating area, a cozy family/games room with custom woodwork and ceiling detail, a private study with signature ďŹ replace, mullionpaned heritage windows, miles of wainscoting, an elegant formal entrance and rich hardwood ooring – all opening through French doors to a gorgeous sunďŹ lled wrap-around veranda. Additionally, the home offers a crescent driveway, full basement, ample storage and sizeable attic that can be used as an extra guest bedroom or playroom for kids. Minutes to all local amenities including Malvern, Braemar and Buckingham Parks. This exclusive estate can be yours today! PLEASE NOTE - The home is designated under the Heritage Act with The District of Burnaby and requires City approval before any exterior renovations or demolition is executed.
7640 Berkley Street, Burnaby
Offered at $2,198,000
soprovich.com
OPEN SAT APRIL 4, 1:30-3:30 PM 7790 Nelson Avenue FIRST OPEN!!! FIRST OPEN!!! JUST LISTED!!! Delightful character home minutes from Metrotown, rapid transit and all amenities. 2214 sqft on 3 levels. 2 full bathrooms. 3 bedroom and den. Very solid. Upgrades include oak oors, oak kitchen cabinets, newer ooring on the main. Beautiful 260 sqft deck and Gazebo off the kitchen. Downstairs has just been redone with new carpets, ooring and paint. Nice updates with great SUITE POTENTIAL. (Possible future income if needed). 4599 sqft lot 2014 taxes $4227.52. This home is a must see. This is a great home just waiting for the right family. GO TO http://my-listing.ca/NelsonAve7790.html FOR FLOOR PLAN AND PICTURES.
Asking $899,000
www.YourRealtyDreams.com
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale 4536 NEVILLE ST.
$1,878,000
Taking our Listings Global JUST LISTED!
$299,000
DEXTER ASSOCIATES REALTY
QUIET 2 BEDROOM & DEN SFU VIEW HOME!
LUXURY CUSTOM HOME
Beautiful custom home, built by experienced local builder, located in Burnaby South, right below Metrotown with gorgeous Southern view. Amazing ďŹ nishings and top quality workmanship throughout the house. Top-of-the-line appliances; Sub-zero refrigerator, Wolf 6-burner stove, Miele dishwasher. Go Team 604-263-1144 $335,800
507-215 TWELFTH ST
UPDATED 2 bedroom, 2 bathroom condo with NEW stainless steel appliances and counter tops in Kitchen & bathrooms, in beautiful West Coquitlam. 10 minute walk to skytrain and Lougheed Mall and nearby Vancouver Golf Club, close to all major amenities, shopping, schools & S.F.U. Perfect for the ďŹ rst time home buyer or for those looking to downsize. MUST SEE TO APPRECIATE. SHOWS LIKE NEW! #201 - 558 ROCHESTER AVE. Simmy Sandhu 604-897-5880
$245,000
101-215 TWELFTH ST
#607-9232 UNIVERSITY CRES.
$229,000
$257,800
Beautiful south facing private 2 bedroom suite facing green belt at Cascade Village. Large patio great for outdoor entertaining, tiled entry, ďŹ replace and French doors on second bedroom. Excellent recreation facility and outdoor gardens. Quiet, peaceful neighborhood. 107-3950 LINWOOD ST. Harj Romi Rai 604-689-8226
TOP FLOOR OASIS Discovery Reach by Bosa. Top oor unit with lots of updates. N.W. facing, open concept, parking, storage and more! The Go Team 604-263-144
Unique 2 bed & den has 2 large balconies with views of mountains and trees. Shows like new with granite counter tops, s/s kitchen appliances. Versatile open layout. Solid concrete building. Gym. 1 parking. Close to SFU, transit & amentities. Call to view this amazing home!
UPDATED 2 BEDROOM, 2 BATHROOM CONDO
115-3770 Manor Street
BEAUTIFUL 2 BEDROOM SUITE
ALAN YASIN
604-649-7040 LORI PETTIGREW
www.dexterrealty.com
GARDEN OASIS S.W. facing garden level one bedroom in Discovery Reach by BOSA. Direct street access with private, fenced patio. 2 pets allowed. Go Team 604-263-1144
Cascade West! Immaculate 1-bdrm suite, above ground level. Large private patio on quiet side of building. Beautiful updates: hardwood oors, complete bathroom reno, kitchen oor, new fridge, d/w, garb, faucet. Well maintained building. By appointment only. Don’t miss this opportunity!
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LOOKING TO BUY OR SELL A HOME? To assist you in making the best decisions, a professional Realtor can provide the most up to date information on the real estate market, price, ďŹ nancing and comparative properties in your area.
Find your expert Real Estate professional right here in REW.ca!
R E W.ca » B U R N A BY / N E W W EST M I N ST E R » F R I DAY A P R I L 3 , 2 0 1 5
Central Burnaby 1/2 Duplex 5189 Manor Street • $788,000 OPEN Sunday 2-4
.com
• 308 SALES AWARDS SINCE 1984 • REBGV LIFE MEMBER
CHILDCARE CENTRE + PROPERTY
(604) 889-8001
CO M RN O ER VE OF I HW N Y # NO 1& W 17 6T H
S HOMEN W O H S OPE
NOW t noon yday a Ever
LUXURY 3 AND 4 BEDROOM TOWNHOMES. ELEVATED LIVING COMES TO PRESTIGIOUS FRASER HEIGHTS
IN
THE
$300’s
HIGHCRESTLIVING.COM
N
Call 604.584.7273
o.1 PRESENTATION
CENTRE
HIGHCREST
HWY No.15 / 176 Street
Prices and promotions are subject to change and availability without notice. E.&O.E.
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Open Daily: 12:00 - 5:00pm (except Fridays)
177A St
HW
9989 Barnston Dr. East, Surrey
t as r. E nD o t ns Bar
96 Ave
SALES CENTRE AND DISPLAYS
100 Ave
Top ranked Schools Prime Hilltop Location with Views Quality finishing included in the purchase price Quick access to major highways Experience the difference today!
E
ys) t Frida (excep
Westburn Realty
Dr.
OWNER RETIRING! RARE GOLDEN OPPORTUNITY to own this FULLDAY CHILDCARE CENTRE business & property in the most DESIRABLE LOCATION in PORT COQUITLAM. This 1997 built 5329 sqʼ LIVE/WORK 3-LEVEL FAMILY HOME/SCHOOL includes 1639 sqʼ+/- upstairs living quarters & a SUCCESSFUL PRESCHOOL & BEFORE/AFTER SCHOOL care programs business is on a 5635 sqʼ CORNER PROPERTY. Run your childcare business, PAY YOUR OWN MORTGAGE INSTEAD OF RENT!
on
$1,168,000
nst
WESTCOAST
Spacious family home 5 bdrms, 2 kitchens, 31/2 bathrooms...approx. 2000 s/f on two levels. Like NEW...8 yrs old. Liv/din Rm, Large kitchen. 2 bdrm revenue helper. View of Northshore Mtns from balcony. Separate garage. Interior newly painted. Minutes to BCIT, SFU, Brentwood Mall and Metro Town.
48 Sales so far in 2015!
Bar
patsy@patsyhui.com
... OUTSTANDING RESULTS
DAL Y RD
604-275-9787
Ave
OUTSTANDING AGENT
104
www.
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R E W.ca » B U R N A BY / N E W W EST M I N ST E R » F R I DAY A P R I L 3 , 2 0 1 5
R E W.ca » B U R N A BY / N E W W EST M I N ST E R » F R I DAY A P R I L 3 , 2 0 1 5
VANCOUVER’S
LAST
WATERFRONT
NEIGHBOURHOOD
IT STARTS WITH VISION. REMEMBER YALETOWN’S TRANSFORMATION? When Yaletown began it was just a few residential towers. Imagine if Urban Fare and Starbucks were there from the start. River District Town Centre will launch as a complete neighbourhood, with retail, restaurant, residences, parks and playgrounds. Now is your chance to become part of this new neighbourhood—built from the ground up on the last section of Vancouver’s waterfront.
YALETOWN THEN
YALETOWN NOW
YVR
TOWN CENTRE HOMES
RICHMOND MARINE AND CAMBIE FRASER RIVER
INCLUDING GROCERY, BANK, CAFE AND RESTAURANT
NOW PREVIEWING SALES CENTRE OPEN DAILY (EXCEPT FRIDAYS) 12-5PM 3302 NORTH ARM AVE (at the foot of Kinross)
NE D
RIV
SE MA RIN
E DRIV E
E
KIN ROSS ST
AR I
BOUNDARY ROAD
VANCOUVER
SE M
KERR STREET
604.879.8830
BURNABY
MARIN E WAY
RIVER DISTRICT SALES CENTRE
N
FR
AS E
RW AY
BOUNDARY AND MARINE This is not an offering for sale. One can only be made by way of a disclosure statement. E.&O.E.
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BURNABY • NEW WESTMINSTER
FRIDAY, APRIL 3, 2015
Looking for a new home? Start here.
R E A L
E S T A T E
W E E K L Y
Vancouver and BC New Home Prices Offer
Buyers Increasingly Good Value Despite the seemingly unstoppable rise in resale house prices in Metro Vancouver, the price of a newly built home in the city continued to drop in January this year, according to Statistics Canada figures released March 12. New homes in the area fell 0.1 per cent compared with December 2014 and 0.6 per cent year over year, continuing the trend of recent months. The New Housing Price Index also fell 0.6 per cent year over year and 0.1 per cent month over month across the whole of BC. Victoria saw Canada’s biggest new home price decrease in January, dropping 1.5 per cent com-
pared with January last year, as well as 0.5 per cent since December. Vancouver and Victoria were two of only eight metropolitan regions to report decreases in new home prices in January, out of a total of 21 areas surveyed. The index combines both home and land values. As in previous months, the above decreases in value were entirely attributed to developers reporting a drop in negotiated home prices, with land values remaining unchanged for several months. Across Canada, the index increased 1.4 per cent year over year but fell 0.1 per cent month over month. Calgary again reported the country’s biggest jump in new home prices in January, rising 5.1 per cent year over year.
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