Commercial / Land / Muti Family Properties
  
December 2017 - Multifamily - Greater Van
December 2017 - Business w Prop - Greater Van
December 2017 - Land - Greater Van
The downtown office vacancy rate is forecast to drop below five per cent, with no new buildings expected in the next three years.
The previous wave of office tower construction pushed the downtown vacancy rate up to about 11 per cent in 2011, but vacancy has been falling ever since.
Commercial Real Estate continues to be hot, hot, hot!
Here are some of the available land deals out there.
Holiday Wishes
To all my business partners and clients, both past and present, it has been a pleasure to work with you all and I look forward to our continued success in 2018.
You made us reach Supreme!
Many Thanks ane Merry Christmas!
Strata and No-Subject Offers: A High-Risk Combination
In a hot market, buyers may be tempted to do “whatever it takes” to get that property – including submitting a no-subject offer. As a licensee, I have a duty to act in my clients’ best interests– and that means making sure in advance that they understand the risks a of no-subject offers
RISK
By not including subject clauses, you as a buyer may not have an opportunity to review strata documents, arrange for an inspection, or confirm financing or insurance approvals. Without this due diligence, you may not be able to make an informed decision about your purchase. If you get this information after the offer is accepted, you may not be able to use it to collapse the deal should you wish to do so.
My Advice to the Buyer:
If you are inclined to make it an offer with no subject clauses despite your Realtor’s advice and without having performed any due diligence because you don’t want to miss out ‘on this one’, you will be taking many risks. Be sure to understand that by moving forward with such an offer and without letting your Realtor perform the normal due diligence, you are accepting those risks.
Good Luck!
For More information on Hot-Market Hazards, give me a call!
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