Many developers are building at dirt cheap qualities so they probably can do it cheaper. As well, many are larger groups who can afford to buy to hold and add to the portfolio at unreasonable returns. GV is a worldwide market which brings the big players
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I would say it 100% depends on the market. If you are in a market where you can get multiple offers and can sell within a few days, I would not say it is worth it. For example, locally in Vancouver in 2016 I saw some people bottlenecking their listings while waiting for staging to occur...
I have bought and sold both personally and commercially in the last 4 months. As Thomas said, there are many variables. Feel free to contact me for my experiences
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Agree with Thomas. Are you glued to keeping you current rental? Why not reinvest or move in there?
Devin Roberts — Brent Roberts Realty
Vancouver REIN Member
Cell: 604-354-7160
Email: [email protected]
Lots of bigger players just pay cash or a higher down payment and then they have a lower debt service. Some also speculate on appreciation.
Devin Roberts — Brent Roberts Realty
Vancouver REIN Member
Cell: 604-354-7160
Email: [email protected]
Hi,
One way would be to calculate what rents would be necessary for calculations to work out. If the rents need to be higher than market rents than it is impossible (other than possibly furnished rentals or air bnb, etc.).
For the properties that match your criteria with rents at or below...
You could put in a clause in the agreement allowing you access to show the property with 24 hours notice
Devin Roberts — Brent Roberts Realty
Vancouver REIN Member
Cell: 604-354-7160
Email: [email protected]
It really depends on the kind of market you are in. For example, if there is low product and high demand, people are more willing to do work themselves. It may be smart to get an appraiser or restoration company in to give an opinion. Again, the market is a big deciding factor here.
Devin...
If you are looking to purchase a place, often what is called and exclusive agency agreement (in B.C., varies per province) may be required depending on the agent. Agents usually ask for this so their time is not wasted
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Hi,
It really depends where you are looking and the condition of the market. In a slower market, longer closings can be practical.
To answer your question, yes it is possible. Can also do an option to purchase agreement as well. I would find an investment oriented Realtor in the area and get...