Yes, Vancouver is the most unaffordable housing market in Canada. But determined home buyers are still trying to get their foot in the door, in order to get in before it’s too late and the lowest rung on that ladder is even further out of reach.
The average price for all residential properties in Vancouver is $889,100 ($1.5 million if you want a detached home).
What If The House is on a T-Junction?
What If The House Is Facing The Big Street?
What If The House Is Facing North?
What If The House Is Facing South?
What I’ve learned in the industry is that there are many people out there who care about a property’s Feng Shui.
What I’ve also learned is that though they care about the Feng Shui, they don’t all care it for the same reason.
Everyone Goes For The Low Priced Listings
I’ve Never Heard Of Those Interested In The Overpriced Ones
From my experience, the lowest priced listings always get tonnes of action. Many low priced listings even receive multiple offers and sell for more than asking price.
Although I help my clients look for the lowest priced homes, there are times when I tell my clients to consider the overpriced listings.
It’s NOT About The Price!
When I met a veteran real estate investor a few years ago, that was when I learned that’s NOT about the price. Unlike the typical real estate buyer or the so called “investor” who cares about lowballing and buying below tax assesssed and getting the property at below market value, the Veteran Real Estate Investors don’t always think like that.
The phrase I always hear from people looking to buy real estate is,
I Want A Bargain!
When I first entered the real estate industry, a colleague of mine told me. “Gary, buying real estate is not like buying at The Bay”
I said, “What? What do you mean?”
He continued, “You know how you go to The Bay and you’re looking to buy a $100 shirt and because it’s Bay Day, you get 30% off.