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

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In a Tough Vancouver Condo Market Do Bonuses Work?

Vancouver Condo Real Estate Video Blog #721 - June 11,  2012


In a Tough Vancouver Condo Market Do Bonuses Work?


Ian Watt video blogs about if you are having a tough time selling your Vancouver condo perhaps offering a bonus commission may stir up some interest but if you find that after 30 days there is no results cancel your listing and relist it at lower more accurate price. 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. Please note that opinions, real estate practices, prices and data always changes over time, so please keep in mind the date when this video was published as the information could have become irrelevant over the past days, months and years. Copyright iWatt Media © All Rights Reserved 2012.




Ian Watt: Hi good afternoon it’s Ian Watt in Downtown Vancouver. Obviously sales in 2012 are not quite what they were in 2011. We haven’t seen prices adjust so that much. However the amount of activity is down significantly compared to last year to date. Having said that sales are still happening and people are trying different gimmicks to get their places sold things like adding a bonus commission. Adding a bonus commission are great, adding another five thousand dollars for the first 30 days see if there’s any impact but if there’s no impact this is what you gotta do you gotta cancel the property, take off the bonus and bring it back out at the more accurate price for today’s market. It’s not necessarily to sell unless it looks like a good deal. Buyers are too smart there’s too much data and everybody knows things are having a more difficult time selling than years passed. My name is Ian Watt and if you have any questions you could always email me at ianwatt@ianwatt.ca. Thank you very much and have a great day!