Finding the perfect home doesn't happen in one day. It takes careful planning and lots of work. Fortunately, there are a number of things you can do to simplify the process.10 Things Buyers Shouldn’t Overlook When Viewing a House
Posted by Steve Harmer on
“This house is lovely, I’m going to buy this!” one buyer decides within 5 minutes of viewing the property. Sounds crazy? Believe it, it does happen.
It is easy to fall in love with a property within few moments of seeing it and buyers forget to be objective. A home is one of the biggest purchase people make, do not make a decision on a spur of the moment you will likely regret in the end.
When viewing a home, it is recommended to spend more time viewing every nook and cranny of the property. So many spend so little time viewing a house and they live to regret it. After buying the house, buyers experience one problem after another – anything from dodgy wiring to noisy neighbors – which could have been avoided had they spent more time researching the…
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Private buyers – both local and foreign – and, to a lesser extent, institutional investors and REITs, were increasingly willing to accept record pricing and highly compressed capitalization rates as the cost of entry to British Columbia’s coveted multi-family real estate market. 
Usually, market value is determined by what a buyer is willing to pay for a home, and what the seller is willing to accept. The recent agreed upon sale price of a home is usually the best determinant of a property's market value. However, there are circumstances where the price paid for a home is not the true market value. For example, there may be a special relationship between the parties which resulted in a much lower value being paid. Also, a buyer may have been willing to pay a premium for a property for some reason, and so it sold for much more than it would otherwise be worth.
