Blog : Tina Mak - Coldwell Banker Westburn Realty

Shall I buy or shall I wait in today's red hot Vancouver real estate market?

December 20th, 2009

We have been warned very often lately that we should expect interest rate to rise second half o next year and in 2011. As we know our real estate market is being mainly driven by low interest rate. Having this constant reminder on the media will keep buyers in line on how they spend their money. All the buyers that I'm working with right now aware the higher interest rate is the coming year a ...

Posted in Vancouver

B.C. GOVERNMENT TAKES COMPANY’S PROPERTY

November 1st, 2009

Full version in Cantonese can be heard from my Podcast.FACTS: If a holding company is a vendor of a property & had not filed it’s annual reports for over two years, it technically considered “dissolved” by the Corporate Registry. THE PROBLEM: At the time of sale, listing agent should run a company search and if realized the company had been dissolved before the sale contract was s ...

Posted in Vancouver

Listing sold as much as 320k over asking in Vancouver Main subarea

September 27th, 2009

In the past year, the market has been changing so much that it’s even tough for us to keep up the pace had I not been active in the market as well as hosting my weekly real estate show http://www.tinamak.com/MarketUpdate.php . As you have heard the bidding wars are back in the past couple of months. I have been on it on a regular basis in the past couple months. Win some lose some. Doesn’t ne ...

Posted in Vancouver

August 23rd, 2009

How to buy real estate in our red hot Vancouver market? Top dollars doesn't necessary get you the property during multiple offers presentation. No matter whether you buy a strata property or a single detached house, in order to be the winner during the multiple offer situation, the key is to put a subject free offer. Please make sure you arrange your financing ahead of time. I understand len ...

Posted in Vancouver

Are you still worry about Vancouver housing market?

June 3rd, 2009

Although there are still negative news about worst economy has yet to come, there are definitely more and more positive news than couple of months ago. B.C. Real Estate association in last November said housing price in 2009 would drop another 9%, in Feb, 2009, they raise it to 13%, last week they trim it down to 8% drop but IT HAS ALREADY HAPPENED. For those who follow religiously what the e ...

Posted in Vancouver

Change of Vancouver major banks lending policy

May 3rd, 2009

1) Power of Attorney: pls be awared that many bank will not accept power of attorney anymore or the policy has been tightened. The policy is different from bank to bank. Some banks need buyer to be in town to sign the application form and may accept power of attorney during closing & some is the other way round. For overseas buyer, please don't assume the power of attorney has the same power ...

Posted in Vancouver

Pent Up Demand!

April 30th, 2009

Just a quick note to share with u that the market is turning around way faster than we expected. I'm sure you don't need me to tell u that it's interest rate related together with the great housing price. My colleagues and I are facing between 2 - 10 multiple offers on the regular basis now. It covers everywhere not just downtown, it's in the Fraser Valley to Westside & downtown of course. So ...

Posted in Vancouver

Vancouver Housing Market moving towards stability to start the Spring season

April 12th, 2009

With lots of projects putting on hold. It is not surprising that the construction sectors lost a lot of jobs. People has been predicting that would happen once all the projects complete by 2010 Olympic.. It just came a bit sooner than we expected due to the global economic crisis. Even with all these once again negative news bombarding us, Metro Vancouver housing market experienced a move ...

Posted in Vancouver

Walking away from Pre-Sale

March 22nd, 2009

In today's Vancouver Sun Business section mentioned that there are 6 developers suing some 74 different buyers for not completing the purchase of homes they'd signed contracts to buy. Buyers sometime have the wrong perceiption, thinking as long as they forfeit their deposit, they could walk away from the deal. They are unable to secure a mortgage to complete the purchase based on the current ...

Posted in Vancouver

Front Page News

February 22nd, 2009

With all the negative real estate news still broadcasting by the media, would you believe me if I tell you the market is actually very active? I hate to tell you but it's true! I spoke to an inspector last week, he told me his phone died in the month of Nov & Dec. Phone started to ring from Jan 15 and from Feb 1st, he has been fully booked everyday. Most of the buyers are caucasians, youn ...

Posted in Vancouver

Coldwell Banker - Westburn Realty

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Blog by Tina Mak

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Shall I buy or shall I wait in today's red hot Vancouver real estate market?

B.C. GOVERNMENT TAKES COMPANY’S PROPERTY

Listing sold as much as 320k over asking in Vancouver Main subarea

Are you still worry about Vancouver housing market?

Change of Vancouver major banks lending policy

Pent Up Demand!

Vancouver Housing Market moving towards stability to start the Spring season

Walking away from Pre-Sale

Front Page News

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