All Forum Posts by: Rob Chiang

 VERY friendly as of July 2022 🙌  now allowed in all residential zoning districts:

https://www.cityofvancouver.us...

@Rob Chiang Offer seller-financing? Most are scared about interest rates, so let's say you have a 4% interest rate on your loan. Offer Seller Financing at 6%, with 10% down for example. This might entice someone to be attracted to that deal even at your number. Of course you will be working with your lender, but there are ways to make it work.

@Rob Chiang like all the other sellers out there, you haven’t adjusted your expectations to the interest rate environment we are in. You need to adjust your prices significantly… not $10-50k, but $100–200k+.

When I see sellers listed at comps 5 months back I don’t bother placing offers cuz it seems futile.

3 problems you may be having 

1) location 

2) problem with property 

3) PRICE TOO HIGH

RE is like anything else, supply and demand. The market now is not the same as it was 5 months ago - interest rates have gone up since then, so your price will likely need to come down. You're looking at 150 days on the market, activity will be lower, people may think the place has problems, the price is too high, and you will likely just get low ball offers. I'd take it off the market and put it on again at a new price with new pictures. 

Run numbers as an investor and see if your own ROI numbers work...I'm doubting they do. I make offers at prices that work for me, then generally ask for additional compensation - closing costs covered, rate buydown etc

If chips went up to $10/bag, I wouldn't buy chips that week. I have a feeling it is the same going on with your property