MAPLE RIDGE
FRIDAY, APRIL 3, 2015
PITT MEADOWS
info@rew.ca • 604-435-7977
R E A L E S TAT E W E E K LY
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 » M A P L E R I D G E / P I T T M E A D OWS » F R I DAY A P R I L 3 , 2 0 1 5
Chad August
Brookside Realty
604.318.5254
Check out our OPEN HOUSES at www.brooksiderealty.ca
WWW.CHADAUGUST.COM chadaugust@shaw.ca
$274,900
V1110580
V1110591
AMAZING VIEWS
$309,900
2 LUXURIOUS CONDOS • Over 2000sq ft • Spacious Plans
V1106901
• 2 bed + den, 2 bath, 1000sq ft • Large patio, sides beautiful greenspace
• Top Floor, Concrete and Steel construction
$179,900
V1112800
WATERVIEW
#402 22290 North Avenue • WHY RENT at this Price • Immaculate condition, like new • Small well run building
20% SOLD
NEW LISTING CONDOS FROM ONLY $159,000 - $299,900
$549,900
• 600sq ft - 1054sq ft • Amazing functional layouts • Some water views • Steps to W.C express and Water
V1108724
$619,900
• Rare Opportunity, Classic, World Class. • Custom Built Lodge Home. • Scandinavian Fully Scribed Saddle Notch Craftsmanship & Construction. • .42 Acre Nestled in the Very Desirable Private Silver Valley Area. • $200,000 Cosmetic Face-Lift. • Living Space & Room for an Extended Family.
Randall Didiuk 604-377-7765
$269,000
• Updated West Maple Ridge • 3 bed, 3 bath • South facing, private yard 2050 sq ft • Too many updates inside and out #20 19538 Bishops Reach
OLD V1108566 S T S JU $229,900
#19 19490 Fraser Way
SOLD T S U J V1109366
SOLD T S U J V1096281
$326,900
$524,900
DON’T MISS OUT!
• 1736 sqft of quality living. • End unit; largest, brightest, cleanest & best location in the complex. • Many upgrades. • Entertainment size deck off large family room. • Access to swimming pool, hot tub, games room, meeting & activity room
• Reduced! • Property is in rural setting. • Home has 4 bedrooms up & 3 bathrooms. • Lots of room in the partially finished basement for 2 more bedrooms. • Good barn with loft at rear of property. • Property is great, house needs some work.
Rick Medhurst 604-463-3000
Rick Medhurst 604-463-3000
Brookside Realty
11933-224 Street, Maple Ridge • 604-467-5000
“FOR OUR OPEN HOUSES VISIT WWW.DANNYANDCLAUDIO.COM” 409 12248224TH STREET • 765 sq. ft. • TOP FLOOR • Access to rec rm/gym • Secure parking • Short stroll to cafes • Walk to shopping • Minutes to W C Express
3 BRDMS ~ 3 BATHS
BRITTANY COURT
$189,000
PITT MEADOWS
113 19091 McMyn Road • 2 bdrms PLUS den ~ 2 baths • 1121 s f corner unit • GROUND LEVEL • 9’ ceilings • PRIVATE garden patio • Walk to shopping • Walk to W C Express
DOUBLE GARAGE!!!!
3 - 13887 DOCKSTEADER LP • 4 bedrooms ~ 4 baths • 3543 sq. ft. 3 level • Soaring 20 ft. vault ceiling • Floor to ceiling rock F/P • Great room plan • Fin bsmnt with sep entry • ON GREENBELT!
NEW PRICE!!!
$559,900
CUTE & COZY STARTER!
WEST CENTRAL
22162 121ST STREET • 910 s f starter home • Set on 9030 s f lot! • Hardwood/tile flooring • 20 x 22 WORKSHOP W/220 HAS WATER • blocks to downtown • Walk to shopping/rec • Short distance to W C Express
STYLISH SPACES BURKE MOUNTAIN
MARGUERITE LANE
$499,000
NEW PRICE!!
10668 - 248A Street • 4 bdrms ~ 4 baths • 2171 s f 2 storey w/bsmnt • Great Room floor plan • Kitchen w/granite • Fully fences backyard • Minutes to schools, shopping • Short drive to W C Express
$509,900
5 1395 MARGUERITE ST.
Maple Ridge
$359,500 • Cute 2-storey West Maple Ridge home • Located on quiet cul-de-sac & built with 2x6 construction • The hot water heating & woodburning fireplace will keep those energy bills down • Many recent updates include a brand new roof, flooring, appliances & hot water tank • Large bedrooms upstairs await your personal decorating ideas!
RIVER'S EDGE 11580 223 Street, Maple Ridge
• • • • •
Only 51 amazing opportunities Built with the highest & strictest standards of construction Only the finest materials being used Inside the best layouts in the market place with each sq.ft. maximized Unbeatable location that offers spectacular riverfront dining, easy access to town centre and Port Haney Wharf • 3 years of maintenance fees • Buy with confidence. Move in today!
$509,900 13318 235A Street, Maple Ridge • Park-like settings & Fraser Valley views • 5 appliances, blinds • Heritage doors & baseboards • Gas fireplace • Quartz countertops and hardwood flooring • 10 year warranty + more!
• 3 bdrms ~ 4 baths • 3 level END UNIT T/H • 2018 square feet finished • ON GREENBELT • Rec room for movie nights • Fully fenced yard • Minutes to all amenities
$618,000
SPACE TO RAISE A FAMILY! HIGHLAND VISTAS
23855 ZERON AVENUE • 5 bdrms ~ 3 baths • 2757 sq. ft. on 2 levels • NICELY UPDATED! • GREAT PRIVATE BACKYARD! • Views of Fraser River • Minutes to all amenities • Short drive to W C Express
$674,900 CHARACTER!
STARTING AT $159,900
LOCATION, PRESTIGE VIEW INCLUDED!
12006 McIntyre Court,
OPEN EVERY DAY 1-4PM, CLOSED THURS & FRI
$369,000
EXECUTIVE ON GREENBELT!
GREENBELT VIEW!
$869,500 • Lovely heritage style home built 1910 • Fenced yard & covered front porch • Original beautiful fir wood flooring • Beautifully renovated with all the modern conveniences • Chef's kitchen has custom dark cherry soft-close cabinets, S/S appliances • Basement rec room has built-in speakers & sound-proof walls. Must see!
49 12268 189 A STREET • 3 bed/3 bath • 1486 s f two level • 4’ dry crawlspace • DOUBLE GARAGE • 2 PETS ALLOWED • Walk to schools • Convenient location!
NEW PRICE
New Westminster
MEADOW LANES ESTATE PITT MEADOWS!!
$269,000 CUL-DE-SAC
• 1621 s. f. 2 level T/H • 3 bdrms ~ 3 baths • Blks from M R Golf Course • DOUBLE GARAGE • Crawl space for extra storage • Minutes to shopping • Close to W C Express
$359,000
2 BDRM CORNER UNIT MCMYN MEWS
1211 Seventh Avenue
7 11534 207TH STREET
WESTSIDE
Nicole Jackson 604-467-5000 Brookside Realty
11933 224th Street Maple Ridge
FOR THE “ON THE GO”
SHELTER FOUNDATION
• We help more than 30,000 women and children each year. • Let’s put abuse out of commission! • The Royal LePage Shelter Foundation is Canada’s largest public foundation dedicated exclusively to funding women’s shelters and violence prevention and education programs.
Helping you is what we do.™ Jim Isherwood 604-250-7755
UBANO
Pat & Shannon Drummond 604-817-8664
$375,000
FABULOUS FRASERVIEW VILLAGE!
#702 - 12069 Harris Road
ONE BDRM + DEN
NORTH PORT COQUITLAM • Brownstone style 2 level Townhome. • High end finishings. • Open great room on main floor. • Good size bedrooms. • Very nice complex, walking distance to all amenities. • 2 parking stalls INCLUDED. • This won’t last long!
V1108756
19549 115B AVE. PITT MEADOWS
JUST
CHECK IT OUT!
STONEHOUSE ESTATES • Recently Reduced! • 3 bedroom, 3 bathroom, 2 level townhome. • One of the largest and open plans in the complex. Home has had some upgrades which include laminate and lino flooring, plus fresh paint. • Stop by today to view! Randy & Tracy Delair 463-2991
20210 121st Maple Ridge • NEW LISTING!
Rivers Edge • 11580 223rd St.
SOLD
$334,500
#203 12079 Harris Rd.
NEW LISTINGS • From $1,248,000
www.lifeatriversedge.com
$829,888
OPEN HOUSE SUNDAY APRIL 5th 1-3PM
1003 12069 & 1006 12079 Harris Road
SPACE TO RAISE A FAMILY! CITY WATER!!!
RURAL ACRE
12249 McNutt Road • 3 bdrms + den ~ 3 baths • 2532 s f 3 level split • Rec room AND hobby room • Set on an rural acre • CITY WATER!! • Quiet and peaceful • Minutes to all amenities
$739,000
$1,800,000 13245 236th Street, Maple Ridge
$599,800 12580 Garibaldi Street, Maple Ridge
• Nearly 2 acres on city water • Not in the ALR & potential to rezone • New subdivision next door • Large 3 bedroom rancher • Beautiful attached greenhouse with a koi fish pond • Grounds have many mature trees & shrubs, a gardener's delight!
• Very private 3 bed rancher on 2 acres • Bright kitchen, sep. dining & living room has double sided fireplace • Approx. 1 acre is fenced & landscaped w/2 road frontages on Garibaldi • 2 garden sheds & small barn w/fenced poultry area • Covered deck overlooks Kanaka Creek • 5' crawl space. Dbl garage
R E W.ca » M A P L E R I D G E / P I T T M E A D OWS » F R I DAY A P R I L 3 , 2 0 1 5
SIMMY SANDHU 604-897-5880 DEXTER ASSOCIATES REALTY JUST LISTED!
$299,000
STARTING FROM
$179,950*
UPDATED 2 BEDROOM, 2 BATHROOM CONDO
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 first time home buyer or for those looking to downsize. MUST SEE TO APPRECIATE. SHOWS LIKE NEW! #201 - 558 ROCHESTER AVENUE
YOUR TRUSTED HOME INSPECTION SPECIALIST
778-808-8844
WWW.INSPECTIONSWEST.CA
Inspections West
We See What You Don’t See!
CERTIFIED & LICENSED HOME INSPECTION SERVICES
Whether you are buying or renting it is always fun in the Sunny Fraser Valley.
Open House Fri-Sun 11-4 Phone: 604-745-4104 www.discoverbridalfalls.com
*Net of Rebates.
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MAPLE RIDGE • PITT MEADOWS (INCLUDES MISSION LISTINGS)
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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