News & Updates Archives - Peter Coppard Real Estate Blog http://www.petercoppard.com/blog/category/news-updates/ Fri, 22 Mar 2024 15:19:18 +0000 en-CA hourly 1 https://wordpress.org/?v=6.2.5 How to Price Your Home Effectively https://www.petercoppard.com/blog/2024/03/22/how-to-price-your-home-effectively/ https://www.petercoppard.com/blog/2024/03/22/how-to-price-your-home-effectively/#respond Fri, 22 Mar 2024 15:19:18 +0000 https://www.petercoppard.com/blog/?p=1386 Setting the right price for your home can be challenging, but with these tips, you can ensure you’re on the right track without resorting to guesswork. Avoid Overpricing While it … [read more]

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Setting the right price for your home can be challenging, but with these tips, you can ensure you’re on the right track without resorting to guesswork.

Avoid Overpricing While it might be tempting to aim for the highest possible price, overpricing can deter potential buyers. Buyers often have a clear budget and will quickly dismiss properties that are priced too high for the current market.

Stay Objective It’s natural to feel sentimental about your home, but buyers are looking for value, not emotion. Keep your personal attachment in check and base your asking price on the objective features and condition of your home.

Analyze Comparable Sales Look at recent sales of similar homes in your area to get a sense of the market value. These “comps” should be similar in terms of size, age, layout, and amenities. Focus on sales from the past three months for the most accurate comparison.

Learn from Expired Listings Review listings that did not sell to understand potential pricing mistakes. Look for patterns that might have discouraged buyers and adjust your price accordingly.

Research the Competition Visit open houses and view listings of comparable homes to see how your asking price stacks up. Consider adjusting your price to stand out in the market.

Don’t Expect Dollar-for-Dollar Returns on Renovations While renovations can add value, they often yield only a portion of the investment. Keep this in mind when pricing your home after making upgrades.

Utilize Price Banding Price your home strategically within a range that aligns with buyers’ expectations. This can help you attract more interest, especially if other homes in your area are priced similarly.

Be Prepared to Adjust the Price If your home isn’t generating interest, consider reducing the price. Many sellers find that a price reduction can reinvigorate interest in their property.

Limit Price Reductions Avoid multiple price reductions, as prolonged time on the market can deter buyers. Consult with your real estate agent to determine the best approach for adjusting your price.

Stay Flexible in Negotiations Be open to negotiation and willing to consider creative solutions beyond price adjustments. This could include offering incentives like covering closing costs or including additional perks.

With these strategies, you can price your home effectively and increase your chances of a successful sale.

 

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CURV: Vancouver’s Tallest Residential High-Rise and World’s Tallest Passive House https://www.petercoppard.com/blog/2023/03/11/curv-vancouvers-tallest-residential-high-rise-and-worlds-tallest-passive-house/ https://www.petercoppard.com/blog/2023/03/11/curv-vancouvers-tallest-residential-high-rise-and-worlds-tallest-passive-house/#respond Sun, 12 Mar 2023 01:26:24 +0000 https://www.petercoppard.com/blog/?p=1366 Introducing CURV – Vancouver’s tallest residential high-rise and the world’s tallest passive house. Located at the highest point of downtown Vancouver, this stunning architectural marvel reflects the dynamic energy of … [read more]

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Introducing CURV – Vancouver’s tallest residential high-rise and the world’s tallest passive house. Located at the highest point of downtown Vancouver, this stunning architectural marvel reflects the dynamic energy of the surrounding Pacific Northwest environment. The project is being managed by Kheng Ly from Canada’s Brivia Group and designed by world-renowned architect Tom Wright, with interior design by Andres Escobar of Lemay & Escobar.

CURV is not just any ordinary residential high-rise; it represents a revolution in sustainable urban living. The building is constructed as a passive house, a concept that originated in Germany and has now become a global trend. The idea behind a passive house is to achieve maximum energy efficiency by minimizing the building’s energy consumption, with the aim of reducing carbon emissions and making the building more eco-friendly.

 

CURV’s passive house design means that the building is almost airtight, allowing for ultra-filtered air to circulate throughout the building, keeping the air inside the building clean and healthy. This feature is particularly important in today’s world, where air pollution has become a significant concern in many urban areas.

In addition to the ultra-filtered air, CURV also features soft-sound technology that provides a quieter and more peaceful environment. The building’s construction materials have been carefully selected to reduce sound transmission, which is essential in a busy city like Vancouver. Soft-sound technology, combined with ultra-filtered air, creates a serene and healthy living space for residents of CURV.

Another noteworthy feature of CURV is its energy recovery system. The building’s ventilation system is designed to recover heat from the exhaust air and reuse it to preheat the incoming fresh air. This technology helps to reduce the building’s energy consumption and, therefore, its carbon footprint.

curv

 

CURV’s design is also intended to maximize natural light and views. The building’s curved shape allows for a more extensive range of views, while the floor-to-ceiling windows provide plenty of natural light, creating an open and inviting atmosphere.

CURV’s commitment to sustainability extends beyond the building’s design. The developers have also ensured that the construction process itself is eco-friendly. They have used locally sourced materials, minimized waste, and implemented recycling measures to reduce the environmental impact of the construction.

The 58-storey building will comprise a total of 358 units, ranging from one to three-bedroom units, with sizes ranging from 500 to 1,800 square feet. The building’s amenities are equally impressive, with a fitness center, a yoga studio, a steam room, a sauna, and a spa, among others. The building will also feature a rooftop terrace, complete with a barbecue area, a fire pit, and a hot tub, offering residents breathtaking views of Vancouver’s skyline.

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curv vancouver

CURV’s location at the highest point of downtown Vancouver means that residents will be within easy reach of everything the city has to offer. The building is within walking distance of some of the city’s best restaurants, bars, and shopping centers, making it an ideal choice for those who want to experience the best of city living.

CURV represents a new era in sustainable urban living. Its passive house design, soft-sound technology, and energy recovery system make it one of the most eco-friendly buildings in the world. Its commitment to sustainability extends beyond the building’s design, with environmentally friendly construction practices and a range of amenities that promote healthy living. The combination of its stunning design, prime location, and commitment to sustainability make CURV a unique and desirable place to call home.

While the blog has provided an overview of the stunning CURV development, there’s nothing quite like experiencing it in person. If you’re interested in learning more or arranging a private viewing, please don’t hesitate to contact me at 604 612 6392. I would be more than happy to answer any questions you may have and help you discover the incredible living experience that CURV has to offer.

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5 Tips for Making Your Home Open-House Ready https://www.petercoppard.com/blog/2022/08/23/5-tips-for-making-your-home-open-house-ready/ https://www.petercoppard.com/blog/2022/08/23/5-tips-for-making-your-home-open-house-ready/#respond Tue, 23 Aug 2022 16:51:46 +0000 https://www.petercoppard.com/blog/?p=1343 5 Tips for Making Your Home Open-House Ready How you choose to present your home to potential buyers can be the difference between making a sale and watching them walk … [read more]

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5 Tips for Making Your Home Open-House Ready

How you choose to present your home to potential buyers can be the difference between making a sale and watching them walk out the door. The right presentation should make a buyer feel like they can see themselves living in the space. Some people can do that without help. Others need more visuals. Consider these five tips to help you prepare your home for an open-house event.

1. Spend the Money To Stage

Staging your home means taking furniture and small accents with mass appeal to make it feel like a home when buyers walk through. The purpose is to give them a visual that makes it easier to imagine how their own things will fit in the space. It also simply paints a pretty picture. Research shows that staged homes sell better overall. If your goal is to generate more foot traffic at your open house and attract more buyers, staging is a great tool. It can even help increase the value. Remember to focus on the curb appeal to get people walking through the door. Utilize the natural light available in every room to create focus on your home’s best assets.

2. Give It a Light But Clean Smell

Avoid any potent odours in the kitchen before the open house. Give the space a good cleaning, including your stove, oven, sink, and all spaces in between. You can also create an attractive aroma with linen-scented candles that make the room smell like fresh laundry. If your rooms are smaller, try a scented wall plug-in to ensure that the smell isn’t overpowering. You could even bake a batch of cookies to offer a treat and make it smell like a home.

3. Declutter and Organize

Minimalism is always the best approach when preparing for an open house. Put away anything that can clutter the place. This includes the garage. Put things away in labeled boxes and keep small items out of view. A clean organized home creates a pleasant atmosphere for buyers.

4. Focus on Curb Appeal

The first thing a buyer sees is the outside of your home. It’s your chance to make a first impression, and it can be a major selling point. The inside may be stunning, but you will struggle to get anyone to step in and see it if you don’t make the outside enticing. A layer of paint, some light landscaping, and a unique front door can make a buyer curious about what the inside looks like.

5. Put Away the Personal Items

For two reasons, you should avoid leaving out any personal items for buyers to see during an open house. First, you want to keep your personal items safe. Anything of value should be put away because you will not be able to keep a close eye on everyone during the event. Second, you want people to visualize themselves and their families in the space, and having personal items everywhere can sometimes make that difficult.
Open-house events are designed to give buyers a chance to get a feeling about the home. They get to walk around and imagine their things in your space. The above tips should aid in that process. As a result, someone gets a new
forever home, and you make a sale.

It’s also a good idea for motivated sellers to complete a home inspection ahead of listing to insure there are no hidden deficiency surprises. High moisture readings in the closet ceilings or leaking pipes hidden behind drywall can hinder a smooth transaction.

Peter Coppard Real Estate can help you locate your dream home in downtown Vancouver. Check listings online or give us a call at 604-612-6392.

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7 New Alberni Developments That Should Be on Your Radar https://www.petercoppard.com/blog/2022/08/10/7-new-alberni-developments-that-should-be-on-your-radar/ https://www.petercoppard.com/blog/2022/08/10/7-new-alberni-developments-that-should-be-on-your-radar/#respond Wed, 10 Aug 2022 15:19:39 +0000 https://www.petercoppard.com/blog/?p=1296 Alberni Street Vancouver is undergoing a radical renaissance of development. Alberni Vancouver developments are booming, with multiple projects nearing completion while others are approved and ready to begin. Alberni Street … [read more]

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1515 Alberni

Alberni Street Vancouver is undergoing a radical renaissance of development.

Alberni Vancouver developments are booming, with multiple projects nearing completion while others are approved and ready to begin.

Alberni Street should be your destination if you want the finest in luxury living.

With a long list of new Alberni developments, the most challenging part might be choosing where to invest. Learn more about what’s happening in the Alberni Street area.

Alberni Street Developments, Vancouver

The neighbourhood is undergoing a tremendous transformation over the next 10 years. Over the past few years, the general area  has become a major cluster for high-calibre architecture by international design firms. Located only a few blocks from one of the best urban parks in the world, Stanley Park,  Alberni street is well situated to take advantage of the various amenities the area has to offer, including some of the best restaurants, waterfront, and sea wall. In just over the last decade, though, property on Alberni Street have been some of the hottest in the world.  As this development renaissance took on speed, it started with some high-end restaurants. Not long after, luxury retail brands set up flagship storefronts to make it destination shopping. Nearby luxury hotels were inviting for Asian tourists who appreciated the area’s luxury and high-end options. It wasn’t long after that the Alberni street developments for luxury downtown living followed.  In just over a decade, a frenzied development planning spree are drawing in the stars of  architecture and the development world, so every building has a way to stand out from the other.

Take a closer look at some of the developments in the works for Alberni Street.

1. Fifteen Fifteen

This new condo development, located at 1515 Alberni Street, Vancouver, is aptly named Fifteen Fifteen.

The Vancouver real estate luxury condos are being put together by developers Bosa Properties and Kingswood Properties.

The building is in the preconstruction stage of development. The builders of this project will be Bosa Properties and Kingswood Properties. Architects are from the firm Buro Ole Scheeren and Francl Architecture.

Upon completion of construction, interior design work will be done by Buro Ole Scheeren.

Amenities in all the Alberni Street developments are important. Fifteen Fifteen will include amenities :

  • Resident’s Lounge
  • Concierge
  • Fitness Studio
  • Valet Parking
  • Private Dining Room

 

Fifteen Fifteen is imagined and created by globally renowned architect Ole Scheeren. The building’s goal is to bring horizontality to urban living.

With a starting price of $900,000, there are 202 calibre studios up to three-bedroom units in the building.

Scheeren created glass-enclosed cantilevers intending to bring all that outside Vancouver has to offer inside. Units proudly boast 270-degree views from inside.

From inside, look towards the water, the mountains, and the city for the best of Vancouver living.

The estimated completion for Fifteen Fifteen is Winter and Spring of 2027.

2. 1550 Alberni Street

For those interested in discriminating Vancouver real estate, it’s time to look at 1550 Alberni Street.

Known simply by all who see it as Alberni, designed by renowned Japanese architect Kengo Kuma.

Even with all the luxury construction happening around it, Alberni is expected to be a landmark when it reaches completion in 2023.

The 43-storey residential tower works with a visionary conception and intricate design details to create a  world-class modern building.

What makes Alberni so unique? The facade of the building has a striking use of a striking combination of glass and polished anodized aluminum.

Described as ‘carved deductions’ on the building’s upper half of the southwest corner and lower half of the northeast corner. This helps to be visually inspired by nature and shaped by the environment to create the look that the building is almost turning and twisting.

Yet, those who invest in Alberni will get deep outdoor spaces with wood-featured deep terraces. These spaces are being touted as outdoor gardens as a part of your unit.

The building features a proposed 188 residential units. It will include retail space, a restaurant, and a highly unique ground-level Japanese moss garden.

3. 1640/1650 Alberni Street

 

In December of 2021, Vancouver City Council also approved an application for a 43-storey condominium and rental housing tower to be located at 1640-1650 Alberni Street.

The new building will be located near the prominent intersection of West Georgia Street and Cardero Street.

The new construction will replace the 15-storey tower with 66 rental homes and three levels of office located mid-block of this address.  The tower will feature 264 homes.

The homes will include 198 luxury condominium units in the upper levels and 66 one-for-one replacement secured rental units.

You might wonder about the 66 rental homes losing their place to live. Interestingly, at least 20% of the units\that’ll be available for rent will be at below-market rates. The displaced residents of the existing building will get the right of first refusal to return at 20% below-market rents.

San Francisco architects from Skidmore, Owings & Merrill (SOM) are leading this project. You might recognize them from their work on Dubai’s Burj Khalifa and New York City’s One World Trade Center (Freedom Tower).

The building has a series of stacked trays with a strategic spacing of continuous balconies optimized for winter solar heating. The building corners will feature three-storey sky gardens.

4. 1444 Alberni Street

1468

Currently, in predevelopment, 1400 Alberni is being developed by Landa Global Properties and Asia Standard Americas. Preconstruction work is being done at 1444 Alberni Street for a projected completion of 2024, with a construction date yet to be determined.

The units at 1444 Alberni Street will be condominiums. The builders on this project are Landa Global Properties and Asia Standard Americas, who will be working with architects from  Robert A. M. Stern Architects.

The 1444 Alberni Street development is touted as the tallest Passive House development in the world. It features the work of architect Robert A.M. Stern.

Stern has designed modernistic building with a nod to Vancouver’s rich architectural past; the two towers feature a modernist limestone facade with intricate detailing.

His other goal was to create a building with a rigorous energy efficiency standard and innovative sustainable design.

The twin towers are expected to hold up to 459 residential units. Developers  Asia Standard Americas expect to have preliminary unit floor plans soon.

5. 1818 Alberni Street

1818

1818 Alberni Street will offer 54 intimate luxury residences nearby Stanley Park. It’s a coveted address, nestled in an inviting downtown neighbourhood where dynamic Vancouver mingles with the wild, wondrous nature of world-renowned Stanley Park. Bask in spectacular city and ocean views, serene seawall strolls, and a lifestyle of comfort and convenience in the most livable city in the world. Cityside and parkside. Elegant and expansive. Striking and sophisticated. 1818 Alberni is a multilayered experience in elevated luxury living. The boutique collection seamlessly weaves iconic contemporary architecture, interior finishes of the highest quality and ingenious design details for harmonious living in perfect balance. The building’s distinct contemporary architecture and refined aesthetic are further evident throughout the interiors of every home. Premium materials and finishes of the highest quality adorn every space, while carefully planned layouts create exceptionally expansive living environments ideal for any occasion.

6. 1668/1684 Alberni Street

Vancouver City Council recently approved the rezoning application for the construction at 1668-1684 Alberni Street with a vote of seven to one.

This 40-storey luxury condominium tower expects to bring in $44 million in revenue for other projects for the city. Because of the approval, the municipal government is expected to receive a community amenity contribution (CAC) in cash totalling $37 million.

This is believed to be the largest ever CAC contribution in recent memory. It’s thought this donation will quickly get diverted towards the creation of a new replacement for the Vancouver Aquatic Centre.

This striking single tower project approved will be located at the southeast corner of the intersection of Alberni Street and Bidwell Street.

An interesting feature of this building’s 128 condominium units is that they’re getting billed as large enough for families. The condo units will be equally divided between only two-bedroom and three-bedroom units.

In addition to its unique soaring design, the building will also include an extensive water feature at the base of the building and the use of green roofs.

Architects from Revery Architecture describe the tower as a weave or exoskeleton, taking inspiration from the repetitive structures found in nature. This uniquely includes the shape of DNA, the cellular pattern of leaves, and a whale skeleton.

1668-1684 Alberni Street got permission for its building to achieve a height of 385 ft (117 metres),  the maximum height for the site under the city’s West End Community Plan.

It will also soar underground with 359 secured bike parking places and 167 vehicle parking stalls.

7. 1700 Alberni Street 

1700

1700 Alberni Street is in the development stage as two towers featuring encompassing outdoor spaces and 387 units.

UK-based architects at Heatherwick Studio are developing the space, which is their first building in Canada. Heatherwick Studio is working in partnership with Bosa Properties and Kingswood Properties.

Heatherwick Studio is well known for working on historical architectural projects. Currently, they have 35 projects going on in 10 countries. This includes the landmark tower at Hudson Yards in New York City.

This firm’s renowned for some of its more extravagant projects, including:

  • The London 2012 Olympic Cauldron
  • The new Routemaster double-decker bus for Transport For London
  • The Vessel in New York City

They are also developing new, high-profile offices for Google in California and London.

The plan for 1700 Alberni Street includes two towers, the East tower with 30 floors. The west tower will feature 39 floors.

Both towers sit atop a podium-like base for the building, which the towers grow out of.

The podium base will feature a destination restaurant and boutique retail spaces.

The original renderings submitted to Vancouver got, at best, mixed reviews. Since then, Heatherwick Studios has done more design work which was received with more enthusiasm.

The focus continues to be flowing spaces between indoor and outdoor living in the high-rise.

1515 Alberni is set for completion in 2027.

Development on Nearby Georgia Street

Development is not solely soaring on Alberni Street. Nearby Georgia Street is also seeing its fair share of new developments on the horizon.

As many as five different projects look to get added to Georgia Street. Not only is this good for the West End in Vancouver, but it’s especially good for the investor.

There’s a real estate option for anyone who’s in the market to buy in downtown Vancouver, whether that’s on Alberni Street or a block over on  Georgia Street.

Find the Right Development for Life in Downtown Vancouver

There’s no doubt that over the next several years, downtown Vancouver, especially the West End, is going to experience quite a transformation.

With so many potential luxury condos available on the horizon, you need to work with an experienced Vancouver realtor if you hope to get into the luxury real estate game.

With so many of these sites in development or under construction, you need a realtor who has all the information you need about your options for each site.

Check Out the Newest Developments on Alberni Street

The West End of downtown Vancouver and specifically Alberni Street is a hub of development activity that will transform the landscape of the city. With each option nearing completion over the next several years, it’s an exciting time to consider buying real estate in Vancouver.

Let me help you navigate your options and find the best property to meet your luxury real estate needs. Contact me, Peter Coppard, to learn more about available real estate in downtown Vancouver.

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Grosvenor Ambleside Introduces 42 New Residences in West Vancouver https://www.petercoppard.com/blog/2016/10/19/grosvenor-ambleside-introduces-42-new-residences/ https://www.petercoppard.com/blog/2016/10/19/grosvenor-ambleside-introduces-42-new-residences/#comments Wed, 19 Oct 2016 19:44:51 +0000 http://www.petercoppard.com/blog/?p=378 West Vancouver has always been known for its West Coast Modernism. For many years, this area has been attracting families who want to live in a village atmosphere that embraces … [read more]

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West Vancouver has always been known for its West Coast Modernism. For many years, this area has been attracting families who want to live in a village atmosphere that embraces the natural landscape in a waterfront community and shopping neighbourhood. Stretching along the gentle shores of the Pacific inlet of West Vancouver, facing south, Ambleside is a unique residential haven that boasts excellent schools, waterside parks, swimming beaches and waterfront homes along one of the most breathtaking shorelines Vancouver has to offer.

New to the neighbourhood is Grosvenor Ambleside, the latest condo development currently in preconstruction at 1300 Ambleside Lane in West Vancouver.

Grosvenor Ambleside (Phase 2)

Designed by Architect James Cheng, Grovernor Ambleside embraces West Coast modernism with two terraced buildings that step-back from two storeys at the sidewalk, to six and seven storeys at the centre.  The new homes will sit above shops, cafes and restaurants at the street level. A large pedestrian galleria, open at both ends, will sit between the two buildings  creating a 650 square  metre  plaza with direct pedestrian access from Marine Drive to Bellevue and open views to the waterfront.

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The final collection of 42 homes (phase 2) will continue to embrace the highest standards in West Coast design and waterfront living. The new development is very impressive with  amazing architectural, modern design and, of course, great views of West Vancouver’s waterfront and North Shore mountains.

The first building consists of 98 residences and the second building consists of 42 new residences. Two buildings will be connected to each other with glazed pedestrian galleria where people will be able to gather and enjoy music as well as artwork.

There is no doubt that buildings at Grosvenor Ambleside will provide their residents with the highest standards of living. The construction uses some of the most innovative technologies (developed by Millson) as well as locally sourced materials are used to for the two buildings.

Hundreds of West Coast residents helped Grovernor define the distinctive design through ‘ideas fairs’ and other public meetings with the architect and development team.

42 New Residences Coming Soon

Each of 42 new residences are uniquely designed and have both interior and outdoor living areas. Residences come with the most up-to-date facilities and offers fantastic views either on the ocean or on the mountains.

Grosvenor Ambleside

Grosvenor Ambleside

The first building at Grosvenor Ambleside has been very successful. The second building is expected to repeat its success. It’s important to point out that the first offerings were sold out very quickly, almost all residences of the first building are already sold. However, there is still a unique opportunity to buy a residence at Grosvenor Ambleside. The second and final building at Grosvenor Ambleside is under construction and the presentation center opening in early November.

Rare Opportunity to Own on West Vancouver’s Waterfront

17 new residences have unforgettable water views and 25 new residences have fantastic mountain views. The prices on new residences with water views start from $3,650,900 and the prices on new residences with mountain views start from $925,900.

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The previewing of the final building will begin in November 2016.  For more information about this development or other buildings in the area, please contact me at 604-612-6392.

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How to Compete in Vancouver’s Multiple Offer Market https://www.petercoppard.com/blog/2016/06/15/how-to-compete-in-vancouvers-mutiple-offer-real-estate-market/ https://www.petercoppard.com/blog/2016/06/15/how-to-compete-in-vancouvers-mutiple-offer-real-estate-market/#comments Wed, 15 Jun 2016 05:38:12 +0000 http://www.petercoppard.com/blog/?p=243 How do you compete in Vancouver’s Multiple Offer Market when buying a property.  Over the past six months we have seen a number of multiple offers, particularly for highly desirable … [read more]

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How do you compete in Vancouver’s Multiple Offer Market when buying a property.  Over the past six months we have seen a number of multiple offers, particularly for highly desirable properties in good locations.  Inventory is still very low and good properties at fair market value will typically bring multiple offers. You could be competing against 4-5 other buyers, and the situation can be stressful.

In general, the highest bid is likely to win, but not always. The reality is that when there are multiple offers, it is common that a few of them are very similar on offer price.

The best method of standing out in a multiple offer situation is by presenting yourself as the buyer the seller would like to do business with. Your real estate agent will present you and your offer in the best fashion possible to make you the buyer of choice.

Here are some ways that multiple offer situations are won.

How to Compete in Vancouver's Multiple Offer Market

Confidence in buyers’ ability to close

A really high offer is no good if the seller is worried about the buyer’s ability to actually close the deal. Apart from your offer price, a seller and their agent will look at factors like the size of your down payment, size of your deposit, closing date and motivations for moving. A buyer with a large down payment and a quick close that is clearly not dependent on the sale of another property will usually win, even if there is a bit more money on another offer.

Is your Realtor easy to work with?

Everyone wants a real estate agent who is working diligently for their buyer, working relentlessly for your best interests. In a bidding war, the line between persistence and bullying is a thin one, and you want an agent who is a “professional” and is easy to work with. The winning agent is typically a strong communicator who is persistent and attentive to detail. Listen to the seller’s needs and craft an offer that meets those needs.

Have Inspections done ahead of offer

Get your inspections done ahead of time. If a home sale is going to fail, it is probably because of the inspection results. An offer that has pre-inspected the home and waived the inspection contingency has a better chance of success because it’s removed a huge uncertainty. This is a costly strategy, as you need to spend at least $400-$500 on an inspection for a home you may not get, but it can pay off if the house is right.

Write a letter of Introduction

Sellers often have huge emotional ties to a home, especially if they have been there for a long time and raised a family there. Put a face behind your offer with photos and a personal letter telling why you love the house. You never know what little personal detail can make them feel better about you as a buyer.

Multiple offer situations

Being the Buyer of Choice

Skip the escalation clause and just make your highest and best offer; buyers sometimes use escalation clauses, it allows you to raise your bid in increments to beat the next best offer, without having to potentially overpay. However, stacked against a straight-up offer for a similar price, the offer with an escalation clause almost always loses. If you have one offer for $500 k against another offer that starts at $490 k and escalates to $500 k, the net result to the seller is the same. Sellers almost always pick the offer without the escalation because that buyer shows they “want it more.”

Other Tips on How to Compete in Vancouver’s Multiple Offer Market

1) Submit your offer with a current pre-approval letter, including the mortgage brokers contact information.

2) Place a deposit with the agent’s brokerage before to submitting the offer; proof of the deposit should be presented with the offer.

3) “As-is” with right to inspect offers will usually get more attention from the seller.

4) Submit proof of funds to close with your offer. Cash and financed offers require funds for closing – remove all doubt about your offer.

Don’t get wrapped up in the competition and set your own limits on what you are willing to pay for a home. There will always be other homes to buy. At the same time, focus on the big picture. If the home is right for you and your needs, step up and take the extra steps to try to get it. An experienced agent who has been in these competitive situations is an invaluable resource to coach you through the process and maximize your chance of success.

http://www.petercoppard.com/marketing

 

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CBx : Selling your Vancouver home has never been smarter https://www.petercoppard.com/blog/2016/05/16/cbx-selling-your-home-has-never-been-smarter/ https://www.petercoppard.com/blog/2016/05/16/cbx-selling-your-home-has-never-been-smarter/#respond Mon, 16 May 2016 05:40:28 +0000 http://www.petercoppard.com/blog/?p=234 CBx : Selling your Vancouver home has never been smarter Coldwell Banker’s sales associates now have access to an exciting new iPad application – CBx . This exclusive marketing tool … [read more]

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CBx : Selling your Vancouver home has never been smarter

Coldwell Banker’s sales associates now have access to an exciting new iPad application – CBx . This exclusive marketing tool is now available in Canada.  This innovative app will enhance the listing experience and give sellers a better understanding of their neighbourhood market & potential buyer profiles.

The new iPad application, CBx, pulls a variety of market data from public and private sources about a community to inform the seller who the home buyer may be, and where they may come from. Powered with the insights from this big data, sales associates can utilize the application to not only help sellers price their home more precisely, but identify potential buyers and intelligently craft a strategy to target them.

The home buyer profiles and market data provided by CBx take our listing presentations to the next level by showing sellers something they haven’t seen from other sales associates. No other real estate company has a tool like CBx.

CBx is interactive and easy for agents to use with custom features, heat maps, and a tool that allows agents to modify a search based on neighbourhood details and amenities. Through this application, we can identify the type of buyer most likely to come into the neighbourhood, the estimated value of the home, and the demographic makeup of who is most likely to purchase the home.

Cbx moves technology beyond the website and uses it to create a better experience for the customer.  This is another step in how technology is reshaping the way people buy their next home.

Contact me to learn more about how this technology makes selling your home easier and better!

Coldwell Banker’s innovative app is empowering their agents & in turn, helping sellers & buyers.

 

 

 

 

 

 

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Smart Technologies for Your Home https://www.petercoppard.com/blog/2016/04/19/207/ https://www.petercoppard.com/blog/2016/04/19/207/#respond Tue, 19 Apr 2016 20:57:56 +0000 http://www.petercoppard.com/blog/?p=207 Smart Technologies for Your Vancouver Home From automatic temperature control to remote electronic locks, Smart Home Technology is changing the way we interact with our homes. Smart home technology is … [read more]

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Smart Technologies for Your Vancouver Home

From automatic temperature control to remote electronic locks, Smart Home Technology is changing the way we interact with our homes. Smart home technology is growing and catching on like wildfire. Solar power, battery powered homes, smart systems are all around us. More and more homeowners are investigating new systems that save money in the long run and improve quality of life.

Even though the initial investment may be high, as more and more buyers invest in smart home technologies, prices will gradually drop as improved technologies grow. The question is when to get into the market. If you’re curious, want to support progressiveness and save money in the long run, investing in a home with smart technology is a good way to get on board. But no matter the age of the home, many technologies can be imported successfully. Here are some great cutting edge products that you may find when looking for a new home or adding in once you’ve purchased.

Belkin Electrical Switch

Research shows that there is a small electricity drain when an item is plugged into an electrical outlet. Or perhaps you’ve left the iron on one too many times and want to be sure your home is safe. This technology lets you turn off items from anywhere through your Wifi phone app. Or you could set it to turn off once it hits a set cost for the day.

belkin-wemo-light-switch

Belkin Electricity Switch- Smart Technology for Your Home

Hydrao Smart Shower Head

Did you know that a ten minute shower can use up to 50 gallons of water? This reasonably priced water powered shower head has three colour indicators to let you know how much water you’ve used. It connects through Bluetooth to your phone to show you a dashboard of water usage tools so you can stay on top of shower water consumption.

Hydrao-Smart-Shower-Head-01

Hydrao Smart Shower Head- Smart Technology for Your Home

Samsung Family Hub Refrigerator

This smart fridge has three useful tools. First are the three interior cameras that let you look inside when you’re at the grocery store or buying food, using your mobile device. Second, post your family’s calendars, notes and photos directly onto the fridge from your mobile device. Thirdly, you can stream music and video content from your Samsung TV through it.

Samsung Family Hub Refrigerator

Samsung Family Hub Refrigerator- Smart Technology for Your Home

Honeywell Voice Thermostat

Voice controlled tools are hitting the market full speed. Honeywell has created a voice controlled Wifi smart thermostat. You can also adjust the temperature while you’re on your way home using your mobile device.

2Z9A7339

Honeywell Voice Thermostat – Smart Technology for Your Home

iT Bed by Sleep Number

Getting a better sleep means your body rests well and self-repairs at a deeper level which is good for your longevity, overall health and mental state. The accompanying app makes suggestions for better health, tracks your heart rate, breathing and movement while you sleep so you know what to adjust. This bed also has adjustable comfort levels and temperature controls. It quantifies and qualifies your sleep so you can make improvements.

CES-2016-Sleep-Number-‘It-Bed’-offers-suggestions-for-better-sleep_3-800x486

iT Bed by Sleep Number- Smart Technology for Your Home

As a future minded Realtor, I love learning about smart home technologies. If you’re interested in buying a home with these new innovations or selling your home that has some, contact me to discuss how we can find the right home for you or to market your home to highlight these fine, futuristic assets.

For more smart home technologies check out this video:

video Smart Technology for Your Home

LXTV Open House: How to Make Your Home Smart for $1000 more smart home devices

 

 

 

 

 

 

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How Days On Market Affect Home Sales https://www.petercoppard.com/blog/2016/03/10/how-days-on-market-affect-vancouver-home-sale/ https://www.petercoppard.com/blog/2016/03/10/how-days-on-market-affect-vancouver-home-sale/#comments Thu, 10 Mar 2016 05:29:25 +0000 http://www.petercoppard.com/blog/?p=149 How Days On Market (DOM) Affect Home Sales Days On Market can affect the home sale and indicate an incorrect List Price at the outset. While we are seeing many properties … [read more]

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How Days On Market (DOM) Affect Home Sales

Days On Market can affect the home sale and indicate an incorrect List Price at the outset. While we are seeing many properties sell in days at, or above asking, there are as many properties that do not sell.  Home owners are advised to think carefully when evaluating their Listing Price.

 

Set The Right List Price 

Although it can be tempting to “test the market” by setting a high asking price, it is not the most effective strategy, especially in a hot market like Vancouver. Potential buyers are far more likely to shop for homes that are priced reasonably in relation to the “comps,” homes of similar size, age and amenities in the same or a similar neighbourhood.

Don’t forget that most sales begin online; potential buyers can, with a simple click, navigate away from a specific listing in favour of another that has a more realistic price, more appealing photographs or a more complete description. You want to generate showings in order to prompt offers.

Statistics reflect an increase in sales prices over the last several months, but you have to also consider “Sold” numbers for the past year in relation to “Days on Market” to determine your initial listing price. Additional information to have in your arsenal is the relationship between listing price and selling price, and complete details on current listings.

Setting a listing price is not an exact science, but by arming yourself with the facts, you can make an informed decision and increase your odds for a timely sale.

How Days On Market Affect the Home Sale.

Some Results of Over – Pricing 

Here are just six of the disappointments you’ll find with an overpriced house:

  • A buyers’ response to your listing will probably be slow, since they most likely recognize overpricing. Remember, people buy by comparing like homes, and if they are working with a buyer’s agent, the agent is giving them recent statistics.
  • Buyers who are interested may be the wrong ones because they’re looking for a home priced the same as yours – but with MORE features.   You’ll be missing the buyers who could and/or would buy your house.
  • Your overpriced home will help buyers make a decision on other homes that are priced fairly. You’ll be the homeowner that sells your neighbour’s home.
  • Very few buyers will even make an offer on an overpriced home. Even in a seller’s market like we see today [low inventory with healthy demand] buyer’s are sensitive to over paying.
  • After your house has been on the market for several months, buyers will notice the number of days on market and may assume there is something wrong with your house.  After a house becomes “stale” in the psychology of buyers’ thinking, the seller will most likely end up lowering the price to a point less than they could have gotten if they’d priced the home correctly when first listed.  This is called chasing the market down.
  • If you do find a buyer at your price, the appraisal still has to work; the house has to appraise for the contracted price, or the mortgage lender will not lend the money to the buyer. The contract will have to be re-negotiated to make the deal work.
  • What can you do to solve the pricing issue?  Work with an experienced real estate agent who knows the market in your neighbourhood.  Your agent will provide you with a valuable CMA based on what similar homes have sold for in the recent 3 to 6 months, depending on the dynamics in your market. Take advantage of the research and advice your real estate agent can offer, and you’ll be sure to avoid the pitfalls of an overpriced home.

Days On Market (DOM)

Days on Market is a common statistic found on the Multiple Listing Systems (MLS) and basically tracks how long a home has actually been on the market for sale. Many MLS also keep track of Cumulative Days On Market (CDOM) which is the total days on market a home has been up for sale, that time includes the time on the market with a different agent also in the case where the home was temporarily withdrawn and then put back on the market for whatever reason. Depending on local MLS rules the CDOM number can reset back to zero if the home has been off of the market for 30 days or some other passage of time set by the local MLS Board.

Why Days On Market Matter

The number of Days On Market can affect the sale of your home. DOM provide sellers, buyers and real estate agents an idea of how well a home is being received while it is available for sale. Many issues can affect how long a home sits on the market and therefore the DOM number provides a good measure of how the home is being received.

Ideally the time for a home to get an offer is within the first 30-60 days of being on the market. If the home is on the market for longer than 60 days with no offers the seller and the real estate agent should be revisiting a number of things in order to determine why no offer has come in. The longer a home sits on the market without an offer causes buyers to question if there is something wrong with the home that is causing it not to sell and as a result some buyers may not even consider a home with a longer than normal time on market. This negative perception from buyers can force the sellers to reduce price much faster and steeper than if the marketing and pricing were done properly during the first 30-60 days of the home listing.

Why Days On Market Matters

real estate pricing pyramid

Cumulative Days On Market Affect Home Sales.

The CDOM term is mentioned above because sometimes real estate agents may try and game the system by cancelling a listing and then creating a brand new listing a few days later in order to reset the DOM count. While the DOM count is reset upon re-listing an MLS which keeps track of CDOM will not fool anyone since the CDOM number will be reported right alongside the DOM number. If an agent suggests to you that cancelling and re-listing will make it look like your home is new on the market you should begin to question further the agents strategies for getting your home sold.

Now if the home has been pulled off of the market due to some legitimate reason like having to address some emergency repair that pops up while the home is on sale the CDOM is also not reset. There may be perception problems as well with that situation but any experienced agent will know how to get ahead of this problem by properly communicating the fact that the home needed some repair and now is back on the market and even may be better than before with the repairs.

Other Reasons Homes Have Long Days On Market

Another reason why a home may be on the market longer than 60 days is poor marketing. Listing your home on a couple of real estate websites is not enough. You should look at the quality of the photographs for your home, how is your home staged, have you de-cluttered and depersonalized. Marketing is more than just getting the word out there that you have a home for sale.

The amount of time a home spends on the market is looked at by buyers and real estate agents and may even be used as a reason not to consider a home. By pricing your home right and marketing it properly you should expect to have plenty of buyers and an offer in hand within the first 30-60 days of being on the market. If your home has not sold and is starting to spend too much time on the market it may be time to step back and reevaluate your home price and marketing plan.

Why Days On Market Matters How Days On Market Affect the Home Sale.

Why Days On Market Matters

http://www.petercoppard.com/marketing

 

 

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Choosing Art for your Vancouver Home https://www.petercoppard.com/blog/2016/02/19/choosing-art-for-your-home/ https://www.petercoppard.com/blog/2016/02/19/choosing-art-for-your-home/#comments Sat, 20 Feb 2016 01:37:44 +0000 http://www.petercoppard.com/blog/?p=110 Choosing Art for your Vancouver Home can be an exciting adventure and a source of enjoyment for many years to come.   Keys to success are figuring out what kind of … [read more]

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Choosing Art for your Vancouver Home. petercoppard.com

Choosing Art for your Vancouver Home can be an exciting adventure and a source of enjoyment for many years to come.   Keys to success are figuring out what kind of art you like, how it will fit in with the rest of your interior design plans, and how to exhibit the art to the best effect in your home.

The location of the artwork can also be a deciding factor. In a bedroom it’s appropriate for art to be calming, or even seductive, but in a dining room you can afford to be bolder and more dramatic. If you intend to relax in your living room, don’t choose art that’s too loud, or anything that feels as though it takes over the room. The purpose of the room where you intend to display your art should influence the tone of the artwork itself.

Deciding on what kind of art you like

If you regularly visit galleries, home ware stores or museums, you probably already have a good sense of what kind of art appeals to you. If not, there are many opportunities to browse art within your area by visiting local galleries and art fairs.

The Internet provides the largest variety and depth of fine art available worldwide. One advantage of using the Internet is that you can search for the specific kind of art, not just wall art, whether it’s photography, impressionism, bronze sculpture, or abstract painting. And when you find one art site, you’ll usually find many, many more.

Should the art suit the room or the room suit the art?

When choosing Art for your Vancouver Home, any artist would prefer that everyone buy the art they love and then find a place to put it. If you feel strongly about a particular work of art, this is certainly the way to go. But you may find that when you get the art home and place it on a wall, it doesn’t work with its surroundings. ‘Not working’ means that the art looks out of place in the room. Placing art in the wrong surroundings can diminish its beauty and impact.

If you can’t find a place where the art looks its best, you may need to make some changes in the room, such as moving furniture or taking down patterned wallpaper and repainting in a neutral colour. The changes will be worth making in order to enjoy the art you love.

The right lighting is the key to showing art at its best. You may find that placing a picture light above a painting or directing task lighting on it is all the art needs to exhibit its brilliance. If you place a work of art in direct sunlight, however, it may well fade. Pigments such as watercolour, pencil and pastel are especially prone to fading, whereas acrylics are not.

http://www.louvre.fr/en. Peter Coppard Real Estate

http://www.louvre.fr/en

How to choose art to suit the room

You may prefer to create the look of the room first and then find the art to suit your décor. Size and colour are the two major criteria for selecting art to fit its surroundings. For any particular space, art that is too large will overwhelm and art that is too small will be lost and look out of proportion.

The bolder the art, the more room it needs to breathe. Larger canvas artwork can look stunning in a large, spacious conversion, whereas collections of smaller pictures work well in smaller cottage locations.

When selecting a painting to match colour, select one or two of the boldest colours in your room and look for art that includes those elements. You’re not looking for an exact match. Picking up one or two of the same colours will send a message that the painting belongs in this environment.

How to frame and hang your artwork

Some canvas artwork can be hung with no frame and can be a good solution for interior walls that can’t carry a great deal of weight. Landlords and developers often use this option in show homes and in rental properties for this reason. If you do select a frame, tie it in to the location where the artwork is to be hung, as well as in to the artwork itself. The frame should be a continuation of the picture rather than a contrast.

Style is another consideration when selecting a frame for your art. If you have contemporary furniture in large rooms with high ceilings, you’ll want to hang large, contemporary paintings. If your house is filled with antiques, for example, you’ll want to use antique style frames on the paintings you hang there.

As a rule, paintings should be hung so that the centre of the painting is at eye level and hung the right way up. On abstract pieces this can be confusing. Check for a signature (usually bottom right) or with the gallery you bought it from.

How to create an art-friendly room

Stewart Stephenson Fine Art Studio. Peter Coppard Real Estate

Stewart Stephenson Fine Art Studio

When you walk into a gallery or museum, what do they all have in common? White walls and plenty of light. Simple, plain and neutral colour schemes work best to show off your art.

When choosing Art for your Vancouver Home you want to make art the centre attraction, play down the other elements of the room such as window coverings, carpeting, wall coverings, and even furniture. A room crowded with other colours, textures and objects will take the spotlight away from the art.

You may like to select one room in your house to focus on art. Paint the walls white or off-white. Lay hardwood floors or a neutral carpet. Install window coverings with clean simple lines and neutral colours (or no window coverings at all). Put up directional spot lights that can be adjusted to focus on the art, or use individual picture lighting for each piece.

For the furniture, follow the principle that less is more. This is not the room to display your collectibles. Let the art be the star. Then relax and enjoy it.

Local Vancouver Resources to check out:

Stewart Stephenson

Stewart Stephenson burst onto the Vancouver art scene in 2011, quickly becoming one of Canada’s best-selling artists. A pioneering self-taught artist, he specializes in large-scale abstract artwork known widely for their unique compositions, vibrant colors and flawless gloss finishes.  His paintings can be found in private and corporate collections around the world. Working intuitively with no prior sketch work, Stewart’s paintings are expressive and bold. Strong, powerful brush strokes, fine lines and complex compositions highlight Stewart’s versatility as an artist. His recent collections explore themes of celebrity, social and media culture. His large-scale high – end paintings showcase an original finish, both matte and high-gloss, revealing rich textures, colour combinations and impressive dimensions. The subject matter ranges from abstract to figurative.

Stewart Stephenson, davidbowie1M. peter Coppard Real Estate

Stewart Stephenson davidbowie1M

I recently sat down to speak with Stewart in his Yaletown Studio at 1063 Hamilton Street.  He is currently opening another studio in Pioneer Square in Seattle with plans to open another studio in Beverly Hills, LA, later this year.

“I set out to create artwork which visually established a positive relationship with the viewer without relating to social commentary or significant connotations. However, as my portfolio developed I began to notice patterns that evolved unknowingly. People today, are bombarded with news and advertisements, tweets and posts; I began to see my unconscious reacting to these elements of daily life. The effects take shape as either a complete detachment into another world full of bright colours, radiating gestures and open space or an amalgamation of deconstructed figures, bold strokes and hidden symbols depicting a detailed yet all encompassing story. I feel my work showcases and explores the human emotion and our ever-changing capacity to adapt to the fast-paced and content filled life that we find ourselves in today.” 

Stewart Stephenson, mygangwillgetyouLG, Peter Coppard Real Estate Blog

Stewart Stephenson, mygangwillgetyouLG

Custom commissioned artwork is often envisioned, created and ready to ship or install within 30 days from the date of order. All artwork is hand signed and is accompanied by a certificate of authenticity.   Prices range between $10,000 to $100,000 with the average large canvas in the $30,000 to $40,000 range.

Stewart Stephenson Fine Art Studio. 1063 Hamilton St, Vancouver, BC V6B 5T4. Peter Coppard Real Estate Blog

Stewart Stephenson Fine Art Studio.

1063 Hamilton St, Vancouver, BC V6B 5T4

http://www.stewartstephenson.com

https://www.facebook.com/StewartStephensonFineArt

Equinox Gallery

Equinox Gallery. Peter Coppard Real Estate, Vancouver.

Equinox Gallery

When choosing Art for your Vancouver Home, be sure to visit one of Vancouver’s leading galleries, the Equinox Gallery is a contemporary art gallery with both Canadian and international artists. Having been around for 36 plus years, they are widely reputed nationally and abroad. With an impressive roster of artists including Liz Magor, Gordon Smith and Philippe Raphanel, they have also carried the works of more established artists like David Hockney, Roy Lichtenstein and Jean-Paul Riopelle. 

Equinox represents approximately twenty artists. Large canvas prices can range between $12,000 to $90,000.

Ben Reeves

Ben Reeves. Peter Coppard Real Estate

Ben Reeves

Gordon Smith

Gordon Smith 25523-th. Peter Coppard Real Estate, Vancouver

Gordon Smith 25523-th

Renee Van Halm

Renee Van Halm. Peter Coppard Real Estate.

Renee Van Halm: Nudge

Equinox continues to maintain a solid reputation in the art world, with collectors, critics, artists and art enthusiasts. The space is open, clean and malleable; and the exhibitions are consistently fresh and interesting.

http://equinoxgallery.com

During the rainy days  – take some time out and catch the Modern Culture exhibition at Vancouver Art Gallery opening Feb 20th, 2016

https://youtu.be/NhfmzMN-Lx8

The Vancouver Art Gallery’s long-awaited “MashUp: The Birth of Modern Culture” takes over the gallery with 371 works, officially opening February 20, 2016.

“MashUp: The Birth of Modern Culture”

 

 

 

 

 

 

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