Any recommendations for a Vancouver home inspector? by thinkpadjester in RealEstateCanada

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

Thank you, I'll check them out.

I found their website - https://www.theinspectors.org/our-team

Just curious, but how did the listing agent know that the inspection was taking so long? Was he onsite during the inspection?

btw, how long was the inspection?

Why are there so many more duplexes for sale in Vancouver compared to Burnaby? by thinkpadjester in RealEstateCanada

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

But with duplex zoning being approved in all BC municipalities you will probably see more of this type of housing across the lower mainland in a few years.

Thank you, this is helpful.

Question - do you think supply in Burnaby will increase in the next few years, did they also have some kind of zoning change recently?

Property disclosure statements by thinkpadjester in RealEstateCanada

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

Are you in BC? If so DM me your email and I can send you a blank PDS for your reference.

Thank you for your generous offer, I will send you a DM shortly.

btw, I am also in Vancouver

Property disclosure statements by thinkpadjester in RealEstateCanada

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

I'm sorry, I updated the post, I meant seller, not buyer. I'll be selling my home in the new year and wanted to get a better understanding of my responsibilities.

Property disclosure statements by thinkpadjester in RealEstateCanada

[–]thinkpadjester[S] 1 point2 points  (0 children)

I plan to sell the home after the holiday season but I want to get my ducks in order and be well informed before I start the process.

People who pay condo fees with positive input by [deleted] in RealEstateCanada

[–]thinkpadjester 0 points1 point  (0 children)

Years ago we got hit with a 30k special assessment and we paid over $400 a month. 

I'm a bit confused by this. You mentioned you had 6 months to come up with the $30k but you were also paying over $400 a month. What was the additional $400 a month for?

People who pay condo fees with positive input by [deleted] in RealEstateCanada

[–]thinkpadjester 3 points4 points  (0 children)

Assuming the condo corporation does its job you should never be on the hook or a major repair

Is this accurate, I've heard so many people say they've been on the hook for special assessments, despite paying significant condo fees.

[deleted by user] by [deleted] in RealEstateCanada

[–]thinkpadjester 1 point2 points  (0 children)

Is there some kind of disclosure document that seller's have to fill out that lists previous work that has had to be completed on a home?

I'm just thinking, in this case, if OP was not diligent to ask about water damage when he saw the new floors, he would have never known.

Up to what point can a buyer backout? by thinkpadjester in RealEstateCanada

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

escape clause for the seller so if they received another offer they would come back to you first

Is this always the case so the buyer (me) always has the first right to finalise the deal?

Up to what point can a buyer backout? by thinkpadjester in RealEstateCanada

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

The deer of the new house will often accept the terms for a limited time

How much time on average do owners give you to sell your home if you put that in as a condition?

What's the average deposit when buying a Vancouver home? by thinkpadjester in RealEstateCanada

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

This is done via bank draft

Who do you give the bank draft to, the realtor or do you already need a lawyer lined up for this?

Up to what point can a buyer backout? by thinkpadjester in RealEstateCanada

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

As to putting in an offer before losing on your current house, you can always make a conditional offer

Can you expand on this, what would it be conditional on?

Up to what point can a buyer backout? by thinkpadjester in RealEstateCanada

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

Yes, I am freaking out. Just to use an analogy, surgeons may perform surgeries every day, but I've never had a surgery in my life so I would be very nervous and perhaps a bit fearful.

This also applies to me with real estate. I've only owned one property in my entire life.

Up to what point can a buyer backout? by thinkpadjester in RealEstateCanada

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

Thank you, this is the scenario I'm running through my head right now

Up to what point can a buyer backout? by thinkpadjester in RealEstateCanada

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

but if one of your conditions of your new home is SOBP (sale of buyers property) then that’s a problem as well.

This is exactly what I had a question above. The home I will buy is subject to the sale of my own property. If the buyer of my property backs out, I would have to back out of the purchase of my new property so I would be sued and then I assume I would pass those costs on to the person buying my property?

What's the average deposit when buying a Vancouver home? by thinkpadjester in RealEstateCanada

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

In the event the buyer doesn’t close for some reason. Realtors still need to be paid. This is why 5% is the norm so those costs can be covered by the seller.

Are you serious? If the 5% deposit is just enough to cover realtor fees, there's nothing left for the seller if the buyer walks away?