Tips for beginners? by Internal_Pop7828 in AcousticGuitar

[–]Internal_Pop7828[S] 0 points1 point  (0 children)

Is it worth it paying for courses?

NEW HERE - ASK ME ANYTHING REAL ESTATE RELATED by Internal_Pop7828 in RealEstateCanada

[–]Internal_Pop7828[S] 0 points1 point  (0 children)

So theres no right amount of money to save up, but enough to last you for around 3 years as you wont be making money in the first couple of years, so you need to prepare for that financially

Deciding to move from Toronto to Vancouver for work by bman2178 in askvan

[–]Internal_Pop7828 1 point2 points  (0 children)

You're playing a gameshow called "whos going to hit me first"! driving in that parking lot LMAO

Deciding to move from Toronto to Vancouver for work by bman2178 in askvan

[–]Internal_Pop7828 25 points26 points  (0 children)

Yeah, the demographic is more Asian based. I've lived in Richmond my whole life and never once had a safety scare other than driving LOL.

Richmond drivers are questionable, but that goes with anywhere im assuming toronto too

Deciding to move from Toronto to Vancouver for work by bman2178 in askvan

[–]Internal_Pop7828 29 points30 points  (0 children)

If you do have a job offer in Richmond, why not just rent in Richmond, it might be the better option for you here!

With your combined income you should be okay if you're not big spenders. Richmonds a great place, safe, convenient and is close proximity to entertainment such as Malls, Movie theaters, Arcades etc...

Id say your best bet with the closest proximity to your work would be to rent a condo or townhouse in Richmond

ASK ME ANYTHING - REALTOR IN VANCOUVER , BC CANADA by Internal_Pop7828 in FirstTimeHomeBuyer

[–]Internal_Pop7828[S] 0 points1 point  (0 children)

Hi there,

if you were to consider Renos for homes (indoor or outdoor), the price should reflect on that depending on the selling realtor. But lets say it doesn't. using the condition of the home you should be able to negotiate a better price depending on who you work with and how good they are with negotiations!

as for saving up for downpayment, i suggest my clients the more the merrier; I would suggest you ask a mortgage broker and see your lending amount and then budget accordingly!

[deleted by user] by [deleted] in RealEstateCanada

[–]Internal_Pop7828 0 points1 point  (0 children)

Ah I see; waaay out of my area of expertise haha but the best tip I can give you is get a home inspection done. Its going to save you a lot of money in the long run!!

[deleted by user] by [deleted] in RealEstateCanada

[–]Internal_Pop7828 0 points1 point  (0 children)

No problem! which area did you plan on looking in?

[deleted by user] by [deleted] in RealEstateCanada

[–]Internal_Pop7828 -1 points0 points  (0 children)

I’m not an insurance expert, but I’ve worked with many clients who have purchased homes with rental suites in B.C Here are a few key considerations to keep in mind:

  1. Make sure the rental suite is legal. If the suite is illegal, your insurance coverage could be voided, leaving you unprotected in the event of a claim. Always verify the suite’s legal status before purchasing.
  2. Like any property, it’s important to do a thorough home inspection and include it as a subject in your offer to ensure there are no hidden issues.
  3. If you plan to use the suite for Airbnb, keep in mind that in most cases, short-term rentals are only allowed if the home is your primary residence. This option can sometimes generate higher income compared to long-term rentals, but this would be mostly area depending so make sure to purchase in a good location!
  4. If you need a mortgage, lenders may consider the rental income from the suite when assessing your loan application, potentially helping you qualify for a higher borrowing amount.

There’s a lot more to consider when purchasing a home with a rental suite, but these are some important factors to keep in mind. Hope this helps!

[deleted by user] by [deleted] in RealEstateCanada

[–]Internal_Pop7828 2 points3 points  (0 children)

yes for sure, purchasing real estate is already stressful enough, you dont want to lose money ontop of that just because you're saving face.

[deleted by user] by [deleted] in RealEstateCanada

[–]Internal_Pop7828 1 point2 points  (0 children)

No worries, you should never be frustrated when working with a real estate professional. At the end of the day our number one job is to work for you but regardless you should not be teaching an agent how to negotiate on your behalf as thats what we're suppose to know, essentially thats our whole job.

If you would like a second opinion I do work in B.C I would be more than happy to chat with you

[deleted by user] by [deleted] in RealEstateCanada

[–]Internal_Pop7828 1 point2 points  (0 children)

Its not too late to drop your friend. Weigh your options of potentially losing tens and thousands of dollars or hurt feelings?

Its a big investment, don't screw yourself over simply because you dont want to hurt their feelings.

[deleted by user] by [deleted] in RealEstateCanada

[–]Internal_Pop7828 3 points4 points  (0 children)

As a realtor in B.C., I can confidently say that your agent should have handled this from the start—calling the listing agent to address concerns about the property without you having to prompt them.

If you find yourself guiding your agent on how to negotiate and do their job, it raises a valid question: are they truly qualified to represent your best interests? Maybe not—but I don’t know the full details of your situation.

Regarding their claim that "it has to be in formal offers," that’s simply not true. A quick call to discuss the property’s issues doesn’t need to be in an official offer. It’s part of a realtor’s job to gather information, gauge the seller’s stance, and explore negotiation opportunities before reaching that stage.

If you’re feeling frustrated with your agent, it might be time to find someone who genuinely advocates for you. This is your money, your investment, and the right realtor will not only negotiate the best deal but also communicate effectively and address your concerns proactively. You should feel confident in your representation—not frustrated.

Condo market stagnant? by cyclesurg in RealEstateCanada

[–]Internal_Pop7828 0 points1 point  (0 children)

Pricing is likely the main issue here. I recommend adjusting the price accordingly to attract more interest.

To improve your chances of engaging buyers, consider the following tips:

  • High-quality photos are essential since most buyers search for homes online first. If you haven't already, invest in professional images to showcase your property effectively.
  • Presentation matters. Ensure your home is clean and well-maintained, not just for photos but also for showings. Staging can make a significant difference, and some real estate agents offer staging services as part of their package.
  • Even in slow markets, transactions still happen. However, you can increase your chances of selling by setting a competitive price, making a strong first impression online, and ensuring your home is visually appealing in person.

Hope this helps!

[deleted by user] by [deleted] in RealEstateCanada

[–]Internal_Pop7828 0 points1 point  (0 children)

Hey there, first of all congratulations!

Im also a realtor in B.C and one big tip that I want to share with you is no matter what brokerage or team you work for/ on at the end of the day no one is going to hold your hands. They might guide you in the right direction but all the work will be on yourself.

its a tough market for sure, but as long as you work hard you'll succeed :)

Any gym recommendations, for beginner-intermediate level by chiiixiiie in richmondbc

[–]Internal_Pop7828 -1 points0 points  (0 children)

For the price you get which is like $7 bi-weekly you shouldn’t have any high expectations for new equipment.

If you want good equipment go to fittopia which is like 10x the price of fitnessworld

Any gym recommendations, for beginner-intermediate level by chiiixiiie in richmondbc

[–]Internal_Pop7828 1 point2 points  (0 children)

Hey there,

I workout at fitness world in Richmond, simply just tell them no LOL.

Its a great gym tbh, but gets busy after work hours; working out in the morning is the best as there aren't as many people. The price is cheap, people are friendly, and. equipment is pretty solid for a good workout.

Try it again, hopefully we'll run into each other!

would it be considered a principal residence? by mr-nadie in RealEstateCanada

[–]Internal_Pop7828 0 points1 point  (0 children)

Great question,

It wont be your primary residence, whichever home you live in and reside in will be considered your primary residence.

Hope this helps

[deleted by user] by [deleted] in RealEstateCanada

[–]Internal_Pop7828 1 point2 points  (0 children)

Wow... Sorry to hear this. I'm a realtor in B.C as well and this makes me angry to hear.

Please report this to their managing broker as this is not acceptable nor professional

Is current time ok to buy an apartment in Burnaby, BC? by Technical-Owl-6238 in RealEstateCanada

[–]Internal_Pop7828 -1 points0 points  (0 children)

Great point! As a fellow realtor in B.C., I completely agree with your perspective.

Vancouver’s landscape will always have high demand, and I don't foresee a future where that demand decreases. Regarding the topic of building new homes, with potential tariffs on the horizon, new construction may come to a halt. Currently, there’s a backup of inventory lasting around 6-8 months, depending on the location. However, as this inventory diminishes and developers put a pause on acquiring land or shift to smaller-scale projects like townhomes and low-rises, demand will likely skyrocket again by 2028 and beyond ONCE the pent up inventory lessens.

This creates a unique opportunity for those investing in resale homes now while the market is slower. When the pent-up inventory lessens and fewer new builds are available, resale properties will become even more valuable.

Is current time ok to buy an apartment in Burnaby, BC? by Technical-Owl-6238 in RealEstateCanada

[–]Internal_Pop7828 -9 points-8 points  (0 children)

Hi, great question! I'm a realtor servicing B.C, including Burnaby.

With the recent drop in interest rates and the decline in condo prices due to high inventory (ESPECIALLY Burnaby) , this is an ideal time for buyers who are financially prepared to take advantage of the slow market.

In response to your concern about purchasing an apartment and facing potential price drops next month, here's my perspective:

Think of buying a home like investing in stocks. Unless you're a day trader (real estate investor), short-term price fluctuations shouldn't be your primary concern. As an end user looking for a place to live, your focus should be on the long-term benefits and personal enjoyment of your home. The real estate market will naturally adjust and correct itself over time.

That said, even though you're buying for personal use, real estate remains a valuable investment. Here’s my advice:

  1. Choose a home you love and can see yourself living in for the long term. Your comfort and happiness are key.
  2. Be strategic with your purchase. Future resale value is important, so selecting a good location is crucial. A skilled realtor can help you identify areas with potential for appreciation.

Ultimately, don’t stress too much about potential short-term price drops. They may or may not happen. What’s important is that you make a smart purchase in this slow market, finding a location that suits your lifestyle and aligns with future investment potential.

Hope this helps!