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!