Negotiations – Beyond the Purchase Price

When buying or selling real estate, there is often a lot of focus on the sales price. It is logical that buyers want to pay the lowest price possible, while sellers aim to keep the price as high as they can.

Because price is so important, it is often a key factor when it comes to negotiations. Offers and counter offers go back and forth, each party striking out the previous price and suggesting a new one in its place.

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There’s no doubt that price is a point of negotiation in buying and selling a property – but it is only one of many factors that can be negotiated in the contract of purchase and sale.

Read more Negotiations – Beyond the Purchase Price

What’s the Deal with GST?

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When perusing Whistler real estate listings, you might have come across a sentence in the property description proclaiming “No GST!” or “GST applicable”.

Understanding GST – and whether or not it applies to the property you’re buying or selling – is important, because it may add a significant amount to your purchasing expenses.

Read more What’s the Deal with GST?

Selling a Property With Long-Term Tenants

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Selling a property with long-term tenants – whether living in the main home or in a separate suite – is a relatively common occurrence in Whistler.

Showing courtesy to your tenants and staying on top of legal requirements can be overwhelming, but it doesn’t have to be. The key is ensuring that all parties – the owner, the tenants, and your Realtor® – understand their rights and obligations, communicate effectively, and show mutual respect.

Read more Selling a Property With Long-Term Tenants

What the Foreign Buyers Tax Means for Whistler

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Earlier this month, the new Foreign Buyers Tax went into effect in the Metro Vancouver area. Most non-Canadians will now need to pay a 15% tax the purchase of real estate in Vancouver and its surrounding communities – but not in Whistler!

Read more What the Foreign Buyers Tax Means for Whistler

Who to Call When You’re Selling

Call Selling

In today’s fast paced Whistler real estate market, it pays to be organized.

Sales are happening at breakneck speeds, and you may be surprised at how quickly your property moves once you decide to list it for sale.

One of the best ways to stay on top of the sales process is to assemble a team of service providers who will help you through the various stages of the transaction. Having the right people by your side will help you save both time and money, eliminating unpleasant surprises and helping diminish the stress that can accompany a property sale.

DB-Call-Selling Read more Who to Call When You’re Selling

Top Mistakes People Make Selling Their Home… and How to Avoid Them

Real Estate Pricing in Whistler

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As a property seller, you’ve got a lot on your plate. Dealing with paperwork, switching over services and utilities, and juggling with your regular day-to-day commitments can be tricky, to say the least.

You’ve got a lot going on, and that’s understandable – but you need to stay on top of your game, or else you risk making the following mistakes. Read more Top Mistakes People Make Selling Their Home… and How to Avoid Them

How will the falling Canadian Dollar affect Whistler Real Estate Values?

Whistler Real Estate

Today’s leading business news on the CBC website reports the Canadian dollar hitting an all new low of under $0.79 to the US dollar. This is the lowest level in 6-years, when in mid-March 2009, the dollar dipped below 78 cents. Click here to read the CBC article.

This size of a foreign exchange gap equals an approximate 20% discount* on Whistler real estate for Americans. Purchasers with US dollar buying power can now purchase a Whistler home listed at $1.2M Cdn for $1M US*.

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We will see an increase in the US purchaser – a factor that has had a strong effect on real estate market values in Whistler in the past. We are a world-class resort offering an unbelievable amount of winter, summer, spring and fall recreational options AND we are a short 2.5 hour drive from the US/Canada border. With real estate now being presented with a 20% discount for our American neighbours, how can this NOT have an effect on our market?? 

I will be watching this closely in the coming months. I am excited to watch the return of our American investors.

If you are curious about if/how this low Canadian dollar may affect the Whistler real estate market, call me today at 604-935-7913 and we can discuss! I would love to hear your opinion.

*depending on the exchange rate your bank gives you.