Last February I listed 1871 Stainsbury in the Works building. This is in the Victoria area of East Vancouver and close to Trout Lake. This was a lovely townhouse 2 bedroom 1 bath. This sold in 4 days for $424,000.
This February 1839 Stainsbury was listed and sold in 4 days. A larger townhouse at 764 sq ft 2 bedroom 2 bath. The list price was $449,000 and it sold for $460,000.
The market has been competitive so far this year and I don't see there being any less competition.
I am asked by buyers all the time how to win out in competing offers, well there is no way of telling what other bidders will bid, so you need to make your offer as attractive as possible.
Some ways to be a step ahead in making an offer on a condo or townhouse:
Consider reading all the minutes before submitting your offer, if you can, do not put this subject in your offer.
Have your financing approved before you submit your offer. Financing is the weakest subject you can have in your offer. To be competitive have your financing approved so you dont have to have this subject.
Is it possible to do an inspection before you submit your offer? I would only recommend this if you plan to submit a subject free offer. To spend the $500 dollars and not be the successful offer is frustrating and expensive.
What dates do the sellers want? By accommodating the sellers your offer will be more attractive.
Karley Rice of Macdonald Realty has just listed a Townhouse for sale at the Works. 133 1863 Stainsbury. 1238 sq ft. 3 bedroom 2 bathroom asking $675,000. There is an open house on Sunday March 8th 2-4 pm. I expect this one to sell very quickly.
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