from purchase to profit
Opportunities You can't Miss
1063-1075 Barclay St, Vancouver BC V6E 1G5, Canada
1063-1075 Barclay Street by Pacific Northern Developments
10th St & Quayside Dr, New Westminster, BC V3M 6C9, Canada
10th St & Quayside Dr by Anxin Group
1063-1075 Barclay St, Vancouver BC V6E 1G5, Canada
1063-1075 Barclay Street by Pacific Northern Developments
1063-1075 Barclay St, Vancouver BC V6E 1G5, Canada
1063-1075 Barclay Street by Pacific Northern Developments
Bolld Real Estate
Coquitlam
Langley
Whistler
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Bolld Real Estate
Top 3 reasons to invest with us
We cover the Full Investment Cycle.
From Purchase to Profit
We help you find the Right Home
We maintain an up-to-date database of upcoming projects and current market conditions. You receive market updates tailored just for you. While managing homes we got to know many buildings on an intimate level.
FREE Tenant Placement. Rental Management.
We spend hours with a diligent screening process to find you a qualified tenant. Our investor gets the tenant placement for FREE. We take care of everything. We keep your rental rate up to date with regular increases. Our system is designed to minimize the cost of tenant turnover and vacancies. We inspect your home regularly.
Regular Investment Performance Updates
We regularly update you on the performance of your investment. You learn the current value of your investment home and we revisit your investment strategy on a quarterly basis.
9 Proven Steps for Buying an
Investment Home
More questions? Let’s Talk.
Top 10 Frequently Asked Questions
A real estate agent will help you finalize your search criteria and provide you with access to
all available information about homes listed on the market through the Multiple Listing Service
platform for licensed realtors in the region. The job of a real estate agent is to screen the
market for all listings that meet your criteria and ensure you find and circle down on
prospective homes that meet your criteria.
The real estate agent’s fees will generally be covered through the commission payable by the
seller. The seller will have an agreement with their listing agent, which stipulates the split
of the commission between the listing agent and a buyer’s agent.
The rental value of the home is based on the current market. We review our data bank of rentals
and filter listings available on the market to qualify the market rental rate for a property. It
is important to keep in mind that the uppermost range of listings available on the market may
not indicate the actual market value and pricing that renters pay for similar properties.
Excluding market outliers, the property’s rental rate will be based on market comparables while
considering features specific to the subject property.
Renting your home on Airbnb is considered a short-term rental and regulated by strata bylaws at
a building. Strata bylaws will stipulate whether short-term rentals are allowed at the building,
so this will be the first thing to check. If short-term rentals are allowed, you will need to
maintain a city license to authorize you to operate an Airbnb business at a residential address.
Your offer should be fair and reflect market value for the home. A realtor will ensure that your
offer is competitive with the market. If your offer is too low, it may warrant your bid being
ignored altogether and the seller’s agent interacting with other parties who have submitted
competitive offers. A seller may overprice a property in the market, but this is highly unlikely
as realtors will advise their sellers to list at fair market value to attract widespread
interest from buyers and a possible bidding war. You can get a general feel of how much interest
there is in a property from the volume of viewers at open houses for the home, and your realtor
can advise you on the steps to make your offer as attractive as possible.
The agreement of purchase and sale will outline the deposit amounts. Generally, the deposit will
be between 10% to 20% of the sale price, and the amounts are held in trust by the buyer agent’s
brokerage. The brokerage will use the deposit to settle commission amounts owing, and the
remainder if any will be disbursed as part of the purchase price upon the completion date of the
sale.
Yes, a buyer may request vacant possession of the property. This will be included as part of the
agreement for purchase and sale. It is important to keep in mind that the seller will consider
this request for the purchase offer. Because there are costs associated with ensuring vacant
possession of the home, a buyer may want to include additional consideration for these costs in
their offer to ensure their bid is competitive.
A home inspection serves two important purposes:
(a) The inspection will bring any home defects -such as an underlying water leak, foundation issue, moisture issue, or pest or bug infestation to your attention before you officially commit to the purchase. A buyer is protected by including a home inspection as a contingency clause and can back out of a purchase agreement based on a home inspector’s report. You may also have negotiating room with the seller for the purchase price of the home post-inspection report.
(b) Many lenders won’t offer financing on a home without an inspection.
(a) The inspection will bring any home defects -such as an underlying water leak, foundation issue, moisture issue, or pest or bug infestation to your attention before you officially commit to the purchase. A buyer is protected by including a home inspection as a contingency clause and can back out of a purchase agreement based on a home inspector’s report. You may also have negotiating room with the seller for the purchase price of the home post-inspection report.
(b) Many lenders won’t offer financing on a home without an inspection.
A final walkthrough will ensure that the home transfers to your possession as per the condition
stated on the purchase and sale agreement. If anything needs fixing, this will be the time to
bring it to the seller’s attention.
Both buyer and seller will agree to a closing date in the purchase and sale agreement. The idea
is that the date must work for both the buyer and seller. The seller is obliged to transfer
title on the closing date, and the buyer is obliged to pay the purchase price. Usually, the
closing date is a few weeks after the subject removal deadline to give the buyer time to make
appropriate financial arrangements and give the seller time to pack their belongings and move
out. The conveyancer will also be using this time to conduct title searches and prepare
documents.
Have more questions?
Talk to an expert.
We can also help you to…
Sell
Selling tenant-occupied properties to
maximize returns for investors