Royalty Listings Magazine // Issue 7

how to get the

best asking price p.17

in developments with our land listings on page 22

Quick references for First time buyers page 10

over 80 Listings

Commercial Residential

meet our feature realtor 速 p.12

st ed !

Li t

Ju s

F

4363 West 12th St

Vancouver

ully remodeled and updated in 2011, located in the most desirable part of Point Grey with walking distance to west 10th village, this lovely family home has a dramatic living room with vaulted ceilings, large & updated kitchen, dining rooms with 2 new valor gas fireplaces, brazilian cherry hardwood and 11" baseboards & mouldings throughout.

Dare To Be Different!

Dare To Be Inclusive!

This well-planned home has 3 bedrooms and 2 full, newly renovated bathrooms. Upstair features an office/study room, which contains a wet bar and a sun-deck with breathtaking view. The basement has a bedroom featuring heated cork floor and heated tile in bathroom.

$2,000,000 For more luxury homes inVancouver West, contact Reza: direct

604.805.6646 office

604.688.6315

not intended to cause or induce breach of an existing agency agreement

429 5835 Hampton Pl, Vancouver

#

cici lam 716 sq.ft • 1 bedroom & 1 baths Top floor unit with 12 foot ceilings Steps to UBC and Wesbrook Mall

1108 1212 Howe St, Vancouver

#

saleem dhalla 818 sq.ft • 2 bedroom & 2 baths Steps to Yaletown & shopping Floor plan maximizes space & light

$409,000

1605 1060 Alberni St, Vancouver

#

omid khosravi 831 sq.ft • 2 bedrooms & 2 baths Fully renovated, 2 ensuits one parking and one storage

2101 535 Smithe St, Vancouver

omid mashinchi 760 sq.ft • 2 bedrooms, 2 baths Brand new corner unit, HST paid Beautiful city view, close to everything

$628,800

thomas chung 853 sq.ft • 2 bedroom & 2 baths Great layout, high-end finishes 2 parking

$439,000

$490,000

3006 233 Robson St, Vancouver

707 633 Abbott St, Vancouver

#

soroush babaeian 500 sq.ft • Studio tv tower 2, close to shopping, transit Laminated floor, qualithy finishings

#

milad khavari 900 sq.ft • 2 bedrooms, 2 bath, & den Walking distance to downtown, transit High-end appliances • Fuctional layout

$349,000

$469,900

#

613 7138 Collier St, Burnaby

#

204 919 Station St, Vancouver

#

$559, 000

1903 950 Cambie St, Vancouver

#

jenn kwok 940 sq.ft • 1 bedroom, 2 baths Luxurious 2-level loft 18 ft ceilings, floor-to-ceiling windows

naser sadari 1,137 sq.ft • 2 bedrooms, 2 bath, & den Walking distance to downtown, transit Fully renovated • Fuctional layout

$479,500

$579, 000

1101 1833 Crowe St, Vancouver

#

thomas chung 1,141 sq.ft • 2 bedrooms & 2 baths Adjacent to Olympic Village Close to shopping and transit

$978,000

7034 Malibu Dr, Burnaby

jenny wang 2,128 sq.ft • 6 bedroom & 1 bath Quiet area with water & mountain view Fully contained mortgage helper

$1,178,000

502 3355 Cypress Pl, WestVancouver

#

soroush zonuzi 1,589 sq.ft • 2 bedroom & den Panoramic south ocean view 190 sq.ft balcony

$1,248,000

PH3 7088 Salisbury Av, Burnaby

#

thomas chung 1,511 sq.ft • 3 beds, 2 baths & 2 parking SE-facing penthouse in Highgate Close to everything

$998,000

2009 Paulus Cr, Burnaby

leigh walker 3650 sq.ft • 5 bedrooms & 3 baths Quality builder's own home Renovated, new roof, mortgage helper

$1,189,000

290 Kelvin Grove Wy, WestVancouver

hida zand 5,106 sq.ft • 7 bedrooms & 5 baths Ocean view • High-end appliances Brazillian cherry floors, quality finish

$1,798,000

2205 Manitoba St, Vancouver

parhom golbabai 2,210 sq.ft • 3 bedroom & 3 baths Commercial zoning, 2 seperate suites Many updates, incl hotwater tank

$895,000

921 Holdom Av, Burnaby

jenny wang 4,941 sq.ft • 6 bedrooms & 5 baths Completely custom designed Close to transit and schools

$1,560,000

707 Keith Rd, WestVancouver

hida zand 4,442 sq.ft • 8 bedrooms & 4 baths Grand foyer • Newly renovated Walking distance to Park Royal

$2,288,000

www.Sodagar.ca | tel: 604.602.1626 | fax: 604.602.1622 | e: info@sodagar.ca suite 650-475 west georgia street, vancouver, bc v6b 4m9

S

Sodagar & Company is a full service Canadian law firm dedicated to business law, real estate, corporate & commercial law and civil litigation. We offer services which include: purchase & sale: residential, condominiums, commercial and industrial leasing of residential, retail, office, commercial or industrial space

We offer services in: Farsi, Mandarin & Cantonese

private lending transactions real estate development real estate and commercial litigation services general corporate services

1209 778 Hamilton St, Vancouver

#

soroush babaeian 1,103 sq.ft • 2 bedrooms & 2 baths Spacious and functional Less than one year old, priced to sell

3401 1028 Barclay St, Vancouver

karin laiji 1222 sq.ft • 2 bedroom & 2 baths Well laid-out with luxurious finishings City view, close to everything

$629,000

107 828 W 14th Av, Vancouver

#

thomas chung 550 sq.ft • 1 bedroom & 1 bath Heart of Fairview • extremely quiet Solid bamboo floors, private patio

413 522 Smith Av, Coquitlam

mohammad khalilbeigi 870 sq.ft • 2 bed. 2 baths, 2 parking Top floor corner unit, high ceilings Close to everything

$333,000

#

yuri vlasenko 422 sq.ft • studio South-facing with 9'2 ceiling Polished concrete floors, spa-like bath

$299,000

$1,348,000

203 1099 W 71st Av, Vancouver

#

brad soltani 725 sq.ft • 2 bedrooms & 2 baths NE corner suite on quiet side Functional layout with open kitchen

202 1480 Comox St, Vancouver

#

milad khavari 808 sq.ft • 2 bedrooms & 2 baths Heart of West End, close to everything New paint and floors, beautiful balcony

$342,000

$320,000

#

426 256 2nd Av, Vancouver

#

505 1677 Lloyd Av, NorthVancouver

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farid hosseini 666 sq.ft • 1 bedroom and bath Views of downtown and bridge Close to Capilano Mall, Marine Dr

$398,000

$349,000

401 4132 Halifax St, Burnaby

#

reza mousavy 855 sq.ft • 1 bedrooms & 1 baths Open layout with large den View of the gardens and North Shore

$360,000

2206 5611 Goring St, Burnaby

#

farhood hashemian 1,110 sq.ft • 2 bedroom & 2 baths Views of mountain and city Great location, close to everything

301 1499 W Pender St, Vancouver

milad khavari 1,300 sq.ft • 250 sq.ft balcony Rare 3 bedroom, den & 2 parking stalls Oak hardwood flooring, air conditioned

$475,000

1806 1178 Heffley Cr, Coquitlam

#

iman mogadam 615 sq.ft • 1 bedrooms & 1 baths Spacius balcony, unobstructed city view Close to shopping, schools, transit

12 8651 General Currie Rd, Richmond

jenn kwok 1,480 sq.ft • 3 bedrooms & 3 baths Near Brighouse station and shopping New granite counters, appliances, etc

$486,000

#

shahin behroyan 1,086 sq.ft • 2 bedroom & 2 baths Stunning water views Best amenities, incl pool and bowling

$768,888

$1,170,000

505 3600 Windcrest Dr, NorthVancouver

#

shahin behroyan 1,167 sq.ft • 2 bedrooms & 2 baths Near Brighouse station and shopping New granite counters, appliances, etc

2705 1239 Georgia St, Vancouver

#

soroush babaeian 608 sq.ft • 1 bedroom & 1 bathroom Pool, sauna/steam, washer/dryer Pets & rentals allowed

$559,000

$249,950

#

2102 33 Smithe St, Vancouver

#

2402 1455 Howe St, Vancouver

#

iman mogadam 830 sq.ft • 1 bedroom, 1 baths award winner for 'Best Highrise' High end elegant finishing throughout

$723,500

$559, 000

1104 170 W 1st St, NorthVancouver

#

reza mousavy 673 sq.ft • 1 bedrooms & den Location, luxury, view and comfort Open plan, den with window

$427,900

tel: 604.728.6898 email: info@cartoccirealestate.com web: www.cartoccirealestate.com

Paolo Cartocci Always attaining the full potential knowledge in my profession is how I redefine Real Estate, therefore allowing me to deliver superior services related to this industry.

"Assurance in Real Estate, Confidence in Clients." not intended to cause or induce breach of an existing agency agreement

#1306

1288 Alberni St,Vancouver $549,000

Living at the luxurious Palisades in this well cared for large and bright 2 bed and bathroom including a sollarium is more then comfort and security, it's a greater lifestyle experience. A superior development undertaken by Westbank Projects on behalf of the Kuok Group of Hong Kong. The Award winning Palisades offers insuite storage, locker & secure parking. Additional services including concierge, fitness center and a conference room. The energy at the Palisades is enlightend by the gorgeous Chinese Garden. Steps away from Vancouver's finest shopping on Robson St. restaurants and nightlife. Venture out for an active day only steps away from the seawall, Coal Harbour and Stanley Park. This well priced apartment offers the investment opportunity for the active bachlor or family. Book your appointment now!

Quick reference package First Time Home Buyer

Realtor®

Searches for a home and negotiates the price. Take care of Legal matters of transaction.

Contract of Purchase and Sale

Is an agreement in which the goal is to get accepted offer through negotiation with seller and his/her agent. It includes: Price, deposit amount toward down payment, important dates (Subject removal, closing, possession), all conditions (inspection, financing, review documents including strata minutes if applies), fixtures included in purchase.

Commission

The buyer’s agent gets his/her commission from the seller so there is no cost for the buyer.

HST

Only applies to a new home. To purchase a resale home there is no hst. hst: 12% (5% gst and 7% pst) of the purchase price is added to your purchase price. Buyers of new homes will be eligible for a rebate of 71.43% of the provincial portion (7% of the hst’s 12%) of the hst paid on the new home up to a maximum rebate of $26,250. Homes prices at more than $525,000 will be eligible for a flat rebate of $26,250.

Mortgage broker

Shops your best interest mortgage including interest rate and terms of a mortgage on your behalf. Accesses to major banks and the mortgage lender. Checks your credit only once and can present it to many banks (benefit to you vs. applying to all banks). For every one there is a mortgage solution they can provide.

Fees

The services and consultation of a mortgage broker are free and he/she gets paid from the lender (most of the times).

Pre-Approval

Qualifying you for a mortgage which is usually called pre-approval. Then you know your affordability for a purchase. Rates can be hold for you up to 120 days to help your purchase at a good rate.

Mortgage Essentials

Income, down Payment and Credit. Based on the program used there are always some exceptions. Credit score of 680+ is considered a good one.

Down Payment

20% down payment the mortgage is called Conventional.

Less than 20% down payment your mortgage it is called Insured. This is a default insurance for the lender/bank. The minimum down payment for insured mortgage is 5% for Employees and people who have income in Canada. It is 10% for Self Employed not showing income. The insurance companies are one of the three (CMHC, Genworth and Canada Guaranty). The insurance premium is added only once to your mortgage amount. rrsp: As a first time home buyer, you can withdraw the rrsp without paying the taxes for down payment purposes. The eligible amount is $25K for each person and $50K for a couple.You need to collect the rrsp and let it mature at least for 3 months prior to the withdraw. The repayment is within 15 years to a rrsp account.

Closing Cost

Services and charges not included in the mortgage for Appraisal, Inspection and Legal.

Appraiser

Qualified appraiser appointed by the bank/lender evaluates the property you are purchasing. The fees are in the range of $250-$350 or more depending on the property.

Inspector

Inspects a property for any damages and provide a report to the potential buyer. The average cost is $400.

Lawyer/Notary Public

Receives the funds (mortgage proceeds from bank, the balance of down payment and other closing costs) and other documents to transfer title and register the mortgage.

The major cost includes “The Property Transfer Tax”. It is calculated as 1% of the first 200,000 of purchase price plus 2% of the rest. For a $500K property, it is $8K. You are exempt of this tax if you are first time home buyer and lived in BC for the last 12 months or met other conditions. The tax exemption is full if your purchase price is below $425K and you get partial exemption if it is between $425K and $450K. Other major one is the legal fee. The average total cost is usually around $1000-$1200 including all title registration and insurance.Your lawyer can help you for your gst/hst rebate in case of new construction.

(Life/Disability)

The bank/lender may offer you one also you have a choice of getting it from an Insurance Broker/Agent.

After The Purchase

If Condo/Town house with Strata: Set up a pre-authorized payment with strata management company.

The monthly cost is about $200-$300.

You have to pay the “Annual Property Tax” to the municipality/city.You may be eligible for the basic grant which is $570 discount on your Annual Property Tax. The banks like to pay the property tax to the municipality on your behalf. So they collect 1/12 of your Annual Property Tax per month in addition to your mortgage in a separate account.

Manage hydro set up and phone/internet/TV Cable connections for your new place.

Do not forget to change all your mailing address with all your banks, credit card companies, health care providers, driver’s license, all insurance companies including motor vehicle and Revenue Canada effective on your possession date ahead of time. In case you are late you can ask the Canada Post to redirect your mails for a cost until your changes are done. However their service is not a guaranteed one!

If you are in a strata property, you need to read Strata Minutes which often release by the Strata Counsel.

In addition participate in strata meetings and also agm (Annual Grand Meeting).

Mortgage Insurance

Monthly Cost: 1.

Mortgage Payment 2.

Strata fee 3.

Property tax (1/12 annual property tax) When purchasing your new home remember to Budget all expenses!

Find more detailed information in www.CityViewMortgage.ca your mortgage consultant.

Sean Manoochehri, MSc Eng, amp Mortgage Consultant the mortgage centre

shahin behroyan

mike mehin

iman mogadam

justin yvon cote

hida zand

mana erfani

bita agha hossein

milad khavari

amy nguyen

christina modonese

farhood hashemian

thomas chung

mohammad khalilbeigi

al-nasir jessa

mohammad vaziri

christine xu

omar mhood

don ackerman

sara nouri & kam nouri

jeannie gagne

leigh walker

omid mashinchi

majeed rajabi

hamidreza ahmadian

maria belanaic

samer sahmani

jennifer kwok

hossein yazdi

mel mcconnell

bruce keshavarz

parker ray

noushine sefiddashti

naghmeh manshadi

cici

robert patyk

emilia gonzales

alan charlton

karim laiji

irina novinska

mary rose kotyakova

farzad mirpour

yuri vlasenko

faye cheveldave

managing broker Soroush Babaeian 604.729.4534

maryam hassanian

paolo cartocci

daniel preston

ron sanyal

naser fazli

dua arun

pedram naimi

tesina lejune

farid hosseini

jamie wegner

michael t. hickey

jenny wang

naser sardari

randy rudland

iman seifi

saleem dhalla

sonia o’sullivan

farzad kossari

soroush zonuzi

hamidreza mokhtarian

meran gugasyan

jan bayer

amir soltani

mimi lauzon

mostafa shanehchian

sonny nima & sher nima

farhad sanai

hamid teimoori

adam mazaheri

brad soltani

maryam miri

hossein soltani

farbod abtin

adrian pereira

reza mousavy

shaun raffie

henry win

conrad schwandner

leiha fiddler

tyler gump

kiaffar ghaffari

steve rock

omid khosravi

our realtor®

Iman Mogadam

H

aving been part of Royalty Group’s first dozen Realtors, Iman has truly grown with our company. Born in London England, Iman moved to Iran at an early age and immigrated to Vancouver with his family in the mid nineties.

Iman’s philosophy: that buying and selling real estate should be both financially satisfying, and a stress-free experience. With an educational background in International Business and Business Marketing from Simon Fraser University (sfu) to complement his aggressive promotion and networking systems, deep understanding of market conditions, endless energy, unparalleled work ethic, and honed negotiating skills, Iman strives to streamline the process of selling or buying your home, and to make it a learning, yet joyful experience for you. Iman believes that success is not only measured by sales, but also by relationships built, by understanding people’s needs and desires, continual communication, and leading by example.

Specializing in Residential, and Commercial markets of Vancouver, and the North Shore, Iman works with a close circle of real estate professionals from all cultural backgrounds, which is truly reflective of the diverse nature of Vancouver’s real estate market today. These real estate

10 2555 Skilift Rd, WestVancouver

#

2468 Hudson Ct, WestVancouver

iman mogadam 2,700 sq.ft • 3 bedrooms & 4 baths One of a kind luxury and workmanship Ocean and city view

iman mogadam 940 sq.ft • 1 bedroom, 2 baths Luxurious 2-level loft 18 ft ceilings, floor-to-ceiling windows

$1,258,000

$3,680,000

professionals specialize in different parts of the lower mainland, and in working with this team, Iman ensures that your every need is accommodated, even if you are buying or selling outside his area of specialization.

“Having lived on the North Shore and Downtown for more than 12 years, has given me an edge when it comes to neighbourhood knowledge. Every corner of this wonderful city has its own unique attributes, and the city is full of culture. I love sharing these with my clients, and I know that it definitely helps in their decision making.”

Off to an exceptional start in his real estate career, Iman looks forward to the challenges ahead, and if he does not already have your acquaintance he looks forward to meeting you!

Built on Trust, Integrity & Results

404 1477 W Pender St, Vancouver

#

iman mogadam 830 sq.ft • 1 bedroom & 1 baths High-end finishings, high ceilings Work/live studio, no hst

$635,000

3404 Gislason Av, Coquitlam

omid khorsravi 3,753 sq.ft • 5 bed, 6 bath Single family craftsman style homes Walking distance to shopping, transit

3402 Gislason Av, Coquitlam

omid khorsravi 3,753 sq.ft • 5 bed, 6 bath Single family craftsman style homes Walking distance to shopping, transit

$889,000

802 2982 Burlington Dr, Coquitlam

#

soroush babaeian 720 sq.ft • 1 bedroom & den Walking distance to Coquitlam centre City view, close to everything

$329,000

850 Chesterfield Av, NorthVancouver

steve rock 2,378 sq.ft • 4 bedroom & 3 bathroom Completely renovated, new appliances 1/4 acre landscaped lot, mountain view

$1,360,000

3406 Gislason Av, Coquitlam

omid khorsravi 3,753 sq.ft • 5 bed, 6 bath Single family craftsman style homes Walking distance to shopping, transit

$889,000

6 1701 Chesterfield Av, NorthVancouver

#

steve rock 1703 sq.ft • 3 bedrooms & 3 baths Luxury townhome in central Lonsdale High ceilings & hardwood floor

$720,000

Lt1, Lt2 20696 40 Av, Langley

mel mcconnell Two lots, 9,500 sq.ft each Build your dream home Desirable Brookswood area

$388,000 per lot

$889,000

124 2108 Rowland Av, Port Coquitlam

#

omid mashinchi 1,250 sq.ft • 3 bedrooms & 2 bathrooms Fantastic floor plan, finished basement Close to school, West Coast Express

$349,900

7229 200th St, Langley

mel mcconnell 1,150 sq.ft • 2 bedrooms Excellent future development property Main value in land

$1,075,000

301 2228 Welcher Av, Port Coquitlam

#

reza mousavy 837 sq.ft • 2 bedroom & 2 bath Walking distance to downtown Hardwood floors, granite counters

312 1969 Westminster Av, Port Coquitlam

#

iman mogadam 677 sq.ft • 1 bedroom, 1 bath Laminate floors, walk-in closet In-suite laundry and TV security

$265,000

1506 1320 Chesterfield Av, NorthVancouver

#

maryam hassanian 565 sq.ft • 1 bed, 1 bath, 2 parkings Beautiful views • High quality finishing Close to shops & transportation

303 9143 Edward St, Chilliwack

jeannie gagne Bright top floor unit with ac 9ft ceilings, gas fireplace Walking distance to shopping & more

$147,000

shahin behroyan 1028 sq.ft • 2 bedrooms & 2 baths Stunning view, NE corner Close to transit and shopping

$235,000

1407 1320 Chesterfield Av, NorthVancouver

#

maryam hassanian 846 sq.ft • 2 bedrooms & 1 bath Private parking • High quality finishing Close to shops & transportation

$399,500

#

1701 14881 103A Av, Surrey

#

$635,000

315 10082 132nd St, Surrey

#

pedram naimi Beautifully updated 1 bed 1 bath Brand new roof and paint Walking distance to tranit, sfu

$168,500

$238,000

415 33738 King Rd, Abbotsford

#

tyler gump 947 sq.ft • 2 bedrooms & 2 baths Bright and sunny top floor unit Facing south, open floor plan

$193,000

28594 104th Av, Maple Ridge

jeannie gagne 2,052 Sq ft • 4 bedrooms & 1 bath Beautiful 5 acres, designated heritage 5 years of tax exemption

$675,000

The Best Asking Price for Your Home and how a Realtor® can help you.

Professional Experience

With knowledge and training in marketing strategy, negotiation tactics, and the workings of the current real estate market, a Realtor® will be able to guide you through the steps of the home-selling process and be able to explain exactly what to expect.

He/she will make you aware of your rights and responsibilities, work with you to strategize the best moves according to your own goals, discuss financing options, and point you in the direction of other specialized professionals who will aid you in different stages of the process.

Best Price

Realtors® have their fingers on the pulse of the current real estate market, and will know what comparable properties in your area are selling for. They have the resources and knowledge to establish the best asking price and to attract the highest selling price. With access to their company’s professional marketing resources and connections, they will ensure potential buyers are immediately made aware of your home and market the property to sell as quickly as possible and for the most money.

“Showcasing” Experience

Your Realtor® will know the importance of a property’s first impression. He will have experienced first-hand, for example, the impact a property’s “drive-up appeal” has on the rest of a potential buyer’s experience of your home.Your Realtor® will be able to offer you tips and information on how to get your home in the best selling shape possible, in order to sell your property quickly and for top dollar.

Access to Qualified Buyers

Realtors® save time and effort by dealing only with qualified buyers. They have access to a pool of pre-screened and prequalified buyers who are serious about buying a home in your neighbourhood. Realtors® work hard to develop this base of qualified buyers which will become an invaluable resource for you.

Negotiation Skills

Realtors® serve many functions, but perhaps the most important is their role as primary negotiator on your behalf. Your Realtor® realizes your goal is to sell your home as quickly as possible, and for the most money possible, and will work closely with you during the negotiation process to facilitate this goal. Realtors® bring to the process the knowledge and skills to draw up legally binding contracts, to assist in negotiating offers and counter-offers, and to offer counsel and perspective as you work toward your selling goals.

Mortgage Cheat Sheet

Mortgage Rate

Monthly Payment (for every $100,000 loan and 300 installments)

2% 2.25% 2.5% 2.75% 3% 3.25% 3.5% 3.75% 4% 4.25% 4.5% 4.75% 5% 5.25% 5.5% 5.75% 6% 6.25% 6.5% 6.75% 7% $424 $436 $449 $461 $474 $487 $501 $514 $528 $542 $556 $570 $585 $599 $614 $629 $644 $660 $675 $691 $707

Commercial Listings

Edo Japan

840 3041 152nd St, Surrey

#

Pantheon Gym

CONFIDENTIAL

michael hickey Well-managed fitness center Equipments included, great lease >1700 active members

michael hickey Fitness centre in Pitt Meadows Profitable & stable membership Good long term lease, great equipment

202 865 Hornby St,Vancouver

#

michael hickey Newly built, free-standing Located in busy stripmall Sales strong and growing

$149,000

Release the Hounds

119 408 Kent Av,Vancouver

#

michael hickey Successful dog walking & training South Vancouver location Sales over $400,000/year

$229,000

Barfly Sales & Service

CONFIDENTIAL

michael hickey Beer dispensing & cooling equipment Many long running contracts Very profitable

michael hickey Roofing business in Sunshine Coast 20 years of outstanding service Net over $150,000/yr

104 17969 Roan Pl, Cloverdale

#

$299,0900

Vancouver Academy of Dramatic Arts

604 21 Water St,Vancouver

#

michael hickey Well-managed acting school Programs fully accredited Profit over 150k/yr

$299,000

$419,000

$675,000

$249,000

World Gym

CONFIDENTIAL

michael hickey Large active membership Revenues over $500k/yr Currently earning the owner 100k/yr

nava manshadi Food court Mediterranean restaurant Desirable ubc Area High net income. Low rent

1533 Broadway St, Port Co

$249,000

$148,000

8 Mistakes to Avoid

When Buying a Home

Y

ou’ve been saving for awhile, weighing your options, looking around casually. Now you’ve finally decided to do it—where do you start?

It is essential you do your homework before you begin. Learn from the experiences of others, do some research. Of course, with so many details involved, slip-ups are inevitable. But be careful: learning from your mistakes may prove costly. Use the following list of pitfalls as a guide to help you avoid the most common mistakes.

1. Searching for houses without getting preapproved by a lender:

Do not mistake pre-approval by a lender with prequalification. Pre-qualification, the first step toward being pre-approved, will point you in the right direction, giving you an idea of the price range of houses you can comfortably afford. Pre-approval, however, means you become a cash buyer, making negotiations with the seller much easier. Be vigilant, too, of pricing your home too low: a lack of market value awareness could result in selling your home for much less than it’s worth.

2. Allowing “first impressions” to overly influence your decision

The first impression of a home has been cited as the single most influential factor guiding many purchasers’ choice to buy.

Make a conscious decision beforehand to examine a home as objectively as you can. Don’t let the current owners’ style or lifestyle sway your judgment. Beneath the bad décor or messy rooms, these homes may actually suit your needs and offer you a structurally sound base with which to work. Likewise, don’t

Coffee Shop

590 Beatty St,Vancouver

nava manshadi Very successful coffee franchise High traffic location near skytrain Please do not talk to staff members

$229,000

jump at a home simply because the walls are painted your favourite colour! Make sure you thoroughly the investigate the structure beneath the paint and decor before you come to any serious decisions.

3. Failing to have the home inspected before you buy

Buying a home is a major financial decision that is often made after having spent very little time on the property itself. A home inspection performed by a competent company will help you enter the negotiation process with eyes wide open, offering you added reassurance that the choice you’re making is a sound one, or alerting you to underlying problems that could cost you significant money in both the short and longrun.Your Realtor® can suggest reputable home inspection companies for you to consider and will ensure the appropriate clause is entered into your contract.

4. Not knowing and understanding your rights and obligations as listed in the Offer to Purchase

Make it a priority to know your rights and obligations inside and out. A lack of understanding about your obligations may, at the very least, cause friction between yourself and the people with whom you are about to enter the contract. Wrong assumptions, poorly written/incomprehensible/missing clauses, or a lack of awareness of how the clauses apply to the purchase, could also contribute to increased costs. These problems may even lead to a void contract. So, take the time to go through the contract with a fine-tooth comb, be sure to make use of the resources and knowledge of your Realtor®!

Kinesiologists

CONFIDENTIAL

michael hickey Personal training & physiotherapy Equipments included Well-established, Kitsilano location

nava manshadi Busy coffee shop in Richmond High net income, long term lease Please do not talk to staff members

101 2025 Broadway Bb,Van.

#

$79,900

$248,000

CONFIDENTIAL iman mogadam Potential for growth Owner wants to retire Busy location with lots of exposure

Pizza Shop

CONFIDENTIAL

michael hickey Franchise pizza restaurant New to owner over $9,000/m Training included for buyer

nava manshadi Franchise coffee shop in Chinatown Unique ppportunity High Income, Low Rent

789 Carnarvon St, New West

$199,000

$128,000

Office Space

504 1160 Burrand St,Vancouver

#

soroush babaeian Prime strata office, 655 sqft Burrard Health Centre, well-managed Large common meeting room

Persian Ethnic foods & Household Items

iman mogadam inc goodwill, inv, lease & equipment Busy location, lots of exposure First location in N.Van Est. 1980’s

$329,000

CONFIDENTIAL nava manshadi Famous coffee shop in Richmond Good location, good income Long term lease

$248,000

$200,000

CONFIDENTIAL nava manshadi Famous Franchise Juice Company High traffic Downtown location Long term lease

$218,000

Coffee Shop

590 Beatty St,Vancouver

nava manshadi Very successful coffee franchise High traffic location near skytrain Please do not talk to staff members

$229,000

$190,000

Booster Juice

1965 Cornwall Av, Vancouver michael hickey Clean fast food franchise High traffic area Full training provided

$150,000

A c c e n t u at e t h e Q u a l i t y t: 604.719.3827 | f: 604.569.0568 | www.primehood.com

Developments

32588-32688 CedarValley Connector, Mission daniel preston

604.617.5981

10 Acre Development Site Mixed Use - Town House, Mid-rise, High Rise, Commercial 400+ Units, Top of Hill, Center of City.

2 separate lots, Joint Venture possible

Appraised at $8,200,000. Open to Offers 801Vancouver St, Creston daniel preston

604.617.5981

85 unit senior rental building Ready to complete, incl proforma permits, plans, appraisal Primary service in place, foundation in place Vendor Takeback Financing Available

$2,488,000 1308 5th Av, New Westminster daniel preston

604.617.5981

Proposed 39 apartment units & 7 townhouse units Total building area of 49,241 sq.ft 72 Parking spaces

$2,690,000 Telegraph Trail, Langley alan charlton

604.787.7357

91.6 Arces Across from Belmount Golf Course Available for residential development

$12,888,000

Office

604.565.0135

Cell

604.716.4201

Renewal Services

• • • • • • • •

Kitchen renovation Bathroom renovation Flooring Mill working Painting/Staining Basement remodel Addition Office partition

Call for your free consultation!

bathroom renovation for $4999 + tax Call us for more detail *Special offer is for basic bathroom renovations up to 9’x5’ in size and includes changing of tub, vanity, toilet and tile. Material not included.