New Listing...# B407 1331 Homer Street, Vancouver, BC

Spacious & modern 1 bedroom with den. Sit in the solarium & watch in the inner harbour/city life go by. Impeccable Yaletown living in this modern apartment with crown mouldings, fireplace & all amenities you could wish. Close to everything,such as the Urban Fare, beaches, short Ferry ride from Granville Island & close to the transit line. Unique solarium in courtyard offers an alternative view of the courtyard. This building was fully rainscreened in 2007 with warranties, well managed complex with new window system & roof with the remainder of a 10 yr warranty.

Public Open Saturday, Oct 31st, 2-5 & Sunday, from 1-4PM

I just completed a transaction with this Townhouse at 303 1184 W 6TH AV, Vancouver, BC .

303 1184 W 6TH AV, Vancouver, BC

View this recently sold Townhouse or see all my home sales

http://www.rightpricedrealty.com/Properties.php

If you need to be close to the action, love to entertain and absolutely have to have a city and mountain view, look no further. This 1900 square foot, 3 bedroom beauty may just fit the bill. The top floor boasts a spacious, sunny roof top deck off the bright and roomy kitchen and dining area that overlooks a generous living room with fireplace and views to downtown. Both baths have recently been updated with a full walking shower in the main and a deep soaker Jacuzzi tub in the master. Hardwood flooring throughout the main areas with carpet in the bedrooms. There is a separate laundry room as well as an attached single car garage. Recent upgrades to the building include roofing, siding and all weather windows.
Are you looking for such a deal as well? Call us and let’s work together to find you your new home.

“What is the Contingency Reserve Fund for a Strata Corporation?”

“What is the Contingency Reserve Fund for a Strata Corporation?”

QUESTION OF THE DAY~ is where we answer a question that was emailed to us or asked by one of our clients. A question, we feel more people might have, and therefore the answer should be shared. If you do have a question you would like answered, please email us your question to info@rightpricedrealty.com

Answer:
Strata corporations must have a contingency reserve fund (also known as “CRF”) to pay for common strata expenses that:

• Usually occur less often than once a year, or

• Do usually not occur

The contributions from the strata owners to the CRF should be included in every budget approved at the annual general meeting.

Source: Strata Property Act & Roland Kym’s Industry Experience

How does a court order sale work in simple terms?

How does a court order sale work in simple terms?

QUESTION OF THE DAY~ is where we answer a question that was emailed to us or asked by one of our clients. A question, we feel more people might have, and therefore the answer should be shared. If you do have a question you would like answered, please email us your question to info@rightpricedrealty.com

1.) The court lists the property with a selling REALTOR of the area that the property is listed. The selling REALTOR markets the property in all the traditional ways trying to invite an offer.

2.) Once an offer has been received, the offer goes in front of a judge and the judge decides if the offer is high enough to accept; if not they will just say no~ they will not counter. This process continues until some buyer has made an acceptable offer in the eyes of the court.

3.) Now here it gets interesting… let’s say we make an acceptable offer on this property at $150,000 that the judge accepts. The judge will then schedule a court date, the selling REALTOR is obligated to market the property and the pending court date to all suitor; telling them what the current accepted offer is.

4.) The court date arrives, even though you have an accepted offer on the property at this point everyone has an equal opportunity to make one closed-envelope final bid to the judge, the highest offer takes the property… well not so fast…

5.) If the judge feels that the final offer is not high enough, the judge does not need to accept any of the offers. If you have an accepted offer at $150,000 and no one else comes to the court date, the judge may find that the $150,000 is too low and decide not to sell it for that price.

Other strange factors of a court-order sale are that you do not get to make an inspection after the accepted offer and that you must make an offer that is subject free. That you must have your deposit ready via a bank draft at court date time .

Source: This is an opinion of Right Priced Realty (Roland)