Multiple Offers

  NEWS - Major cities around the world have seen prices drop over the past few years.   https://biv.com/article/2019/03/bc-real-estate-not-alone-home-prices-slide-across-prime-global-cities Interviewing an Agent - What approach to take. What questions you should ask. Top Tip: Don't ask too many questions. Storytime - Why it's important to give professionals time to respond after the inspection.  Question of the Week - When should you withdraw RRSP's that you plan to use for your purchase?    Send your feedback and questions to feedback@morealestateshow.com Look up the co-hosts at: thenewwestguys.com (Matt Brabbins and Jeremy Rae, The New West Guys) realestatenewwest.com (Geoff McLennan)

NEWS - The CRA is ramping up its real estate audits to discover unreported Canadian income. https://www.burnabynow.com/b-c-real-estate-audits-reveal-widespread-tax-evasion-1.23643194 Searching like a PRO - Understand what you're really getting from different websites. Learn when might be the right time for you to engage a real estate agent. Common mistakes when defining your custom real estate search. Storytime - Why a homeowner absolutely needs insurance from day one. Question of the Week - How picky should a new owner be about the condition of used appliances?   Send your feedback and questions to feedback@morealestateshow.com Look up the co-hosts at: thenewwestguys.com (Matt Brabbins and Jeremy Rae, The New West Guys) realestatenewwest.com (Geoff McLennan)

0:00 Intro and News - The NDP announce a plan to register pre-sale assignments in an effort to tax profits. Will this help housing affordability? 10:40 Why does a home go into foreclosure? 15:16 You’re a buyer, how does it go if you find a foreclosure you like? The process of getting an offer accepted. 20:24 Waiting for your court date. You win the sealed bid auction at court. 28:48 What are the consequences if you lose in court? How long to wait until possession? You take the home "as is, where is". There is a lot risk associated with that. 42:02 Storytime - A foreclosure that resulted in a 24 hour security guard at the house. 47:50 QOTW - Last minute, surprise question from Matt.   Send your feedback and questions to feedback@morealestateshow.com Look up the co-hosts at: thenewwestguys.com (Matt Brabbins and Jeremy Rae, The New West Guys) realestatenewwest.com (Geoff McLennan)

10:40 - News: Our local newspaper is reporting on pre-development applications, bringing projects to light much earlier than the public would usually hear about them. 18:25 - Main topic: What is the etiquette to viewing a home? There are tips and tricks and there are tactics that protect your negotiating position if you decide it's the one. 27:15 - Wear socks! You don’t want bare feet. 30:53 - We take for granted how comfortable we are in a stranger's house. 43:50 - Matt says don’t ask questions! 50:54 - Are you obligated to answer questions from the listing agent (Seller’s representative)? 54:29 - Showings when the listing agent is present: Most agents are getting in the way. How to get around them. 1:06:09 - Storytime: Geoff took his clients to a showing. The listing agent was so invasive she pretty much guaranteed no offer would be presented. The agent, however, was pretty certain her tactics would impress the Sellers. 1:09:45 Question of the Week: Have you ever had to kick someone out of an open h

Our special guest, David Fairbairn, has inspected over 3,000 homes. This one is a must-listen episode if you have a home inspection coming up. Reach David at fairbairninspections.com  6:11 News The mortgage stress test is proving to have a more negative impact than may have been originally intended. Various groups are lobbying for change and a plan to modify the test as interest rates rise. David has experienced a lot more buyers getting financing declined and having to hire him again for a lower priced property.  11:35 Home Inspection Discussion  1:04:12 Question of the week Inspectors have to be prepared for Buyers' relatives who attend the inspection. How do real estate agents work with relatives of their clients?   Send your feedback and questions to feedback@morealestateshow.com Look up the co-hosts at: thenewwestguys.com (Matt Brabbins and Jeremy Rae, The New West Guys) realestatenewwest.com (Geoff McLennan)

NEWS: Market stats are out. Sales volume is still very low. Condo sales in the "affordable" price bands are doing very well.    LEAKY CONDOS: The risk exists with buildings from the mid-90s and as far back as the mid-80s. Those buildings today are still at risk. We break down why the risk is there and the effectiveness of the different remedies.   Send your feedback and questions to feedback@morealestateshow.com Look up the co-hosts at: thenewwestguys.com (Matt Brabbins and Jeremy Rae, The New West Guys) realestatenewwest.com (Geoff McLennan)

Our first video recording and first Facebook Live recording! We all need to fill in the declaration to get our exemption from the BC Speculation and Vacancy Tax. Matt and Jeremy attempt to complete theirs live on the air. One of them is successful. https://www2.gov.bc.ca/gov/content/taxes/property-taxes/speculation-and-vacancy-tax *** 8:48 - Jump to here to hear us go through the form   Send your feedback and questions to feedback@morealestateshow.com Look up the co-hosts at: thenewwestguys.com (Matt Brabbins and Jeremy Rae, The New West Guys) realestatenewwest.com (Geoff McLennan)

We are joined this week by Eldon Whalen of Hazeltons Real Estate in Northern BC, formerly of RE/MAX Advantage Realty in New Westminster. Eldon worked 7 successful years of real estate in the New West area before moving back to his hometown. He has some very interesting insights into how business is done in small towns and how our regulations, services and technology aren't in line with the practical reality of remote, small town living. Hazeltons Real Estate on Facebook is the easiest place to get in touch with Eldon or 1-250-842-8225   Send your feedback and questions to feedback@morealestateshow.com Look up the co-hosts at: thenewwestguys.com (Matt Brabbins and Jeremy Rae, The New West Guys) realestatenewwest.com (Geoff McLennan)

Your property taxes don't always go up when your assessed value goes up. We get insight and in depth break down from our special guest, New West City Councilor, Patrick Johnstone. Get even more detail from Pat's blog: patrickjohnstone.ca Should you appeal your assessment? You want to look to see if your increase was really far out of line with the average for your area. You can start with a chat with an appraiser at the Assessment office (info.bcassessment.ca/contact-us/Greater-Vancouver-Region). BC Assessment Appeals: info.bcassessment.ca/Services-products/appeals   11:20 - Your Assessed Value: Where did that number come from? 16:02 - Your Property Taxes: How do they relate to your assessed value? 25:17 - Comparing Municipalities: How to compare which is higher. You can have a lower valued home than a home in another municipality and pay higher taxes. It depends where your him sits on its local hierarchy.  36:40 - Breaking down the numbers: City tax, School tax, Translink tax, and other line items co