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Ian Watt Personal Real Estate Corporation - Sotheby's International Realty Canada

Blog by Ian Watt

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Stigmatized Properties Can be Your Opportunity In Downtown Vancouver

Vancouver Condo Real Estate Video Blog #525 - March 30, 2010

Stigmatized Properties Can be Your Opportunity In Downtown Vancouver

Ian Watt video blogs about how sometimes properties that are put on the market at the wrong price can be stigmatized as they sit and sit and sit until they are either cancelled or terminated. These properties can be your opportunity when purchasing a condo in Downtown Vancouver. If you want to voice your opinion or if you don't care for Ian's comments please email your feedback to ianwatt@ianwatt.ca and visit http://www.ianwatt.ca/RealEstateVideos for all the Ian Watt Real Estate Video Blogs.

Ian Watt: Hi Good Afternoon, it's Ian Watt in Downtown Vancouver. I wanna talk to you about properties that have been on way too long. It might be an opportunity for a purchaser when the property is been on for a long time and a lot of people think that there might be a problem with the building if they've been sitting for so long. But we just sold a property that was originally listed by a realtor over a year ago for $300,000 more. It was basically stigmatized because it was just over priced from day 1 and then it was drop and drop and drop and drop. So we put it out there the right price, we changed all the photos, we marketed a little bit differently and it's sold for what the offers were coming in at 1 year ago. Unfortunately for the owner she held it for one more year and it ended up selling for the same price at all those offers said that was supposed to sell at the first place. But nonetheless, make sure you price your places correctly because you might get listed or block list or stigmatized as the negative property when it's really just a price that's the problem. My name is Ian Watt and if you have any questions. You can always email me at ianwatt@ianwatt.ca. Thank you very much and have a great day!