These Homes Are Practically WORTHLESS Now in Surrey
Sibo Zhang eXp Realty
212 views
A four-bedroom home in North Surrey’s Bolivar Heights community with a huge corner lot, close to 10,000 square feet lot size, has great privacy, development potential for multiplex, just sold for $600,000 less than the sellers hoped for, or 43% off the original listing price. 4 separate price reductions, stuck on the market for close to 600 days, that’s well over one and half years. And it's not the only one. Right now, there are Surrey homes that look perfect in photos that a normal financed buyer literally cannot touch.
And not because they're ugly, but because what's underneath them, what's around them, and what they cost to insure. Now, here I want to show you seven types of homes in Surrey that are practically worthless right now, and how to tell if the one you look at is one of them, honestly.
In this video, we cover:
00:00 - Are Some Surrey Homes Becoming Worthless?
02:09 - Risk 1: The Hidden Costs of Flood Zones
03:27 - Risk 2: Highways, Traffic & Industrial Hubs
04:46 - Risk 3: The Outer South Surrey Commute Trap
05:59 - Risk 4: The Problem with Leasehold Properties
07:22 - Risk 5: Why Micro-Condos Are Hard to Resell
08:49 - Risk 6: Hidden Maintenance & Missing Rainscreens
10:32 - Risk 7: Deal-Breaking Insurance & Mortgage Traps
12:13 - How to Avoid These Multi-Thousand-Dollar Mistakes
I am Sibo, working as an Canadian buyer's agent in BC, I have paid for and collected research data to compile this report, ensuring that buyers have access to more symmetrical information | https://lp.constantcontactpages.com/s...
If you want to gain an unfair home-buying advantage through buyer's agency services, click here to inquire | https://www.liveincentralcity.ca/1-1-...
If you want to find your dream home in no time, please sign up | https://www.liveincentralcity.ca/
Join me on social..
Facebook Facebook: sibozhangrealtor
Instagram Instagram: sibozhangsellssurrey
The views and opinions presented here are exclusively those of Sibo Zhang Personal Real Estate Corporation and do not represent those of eXp Realty or Greater Vancouver Realtors. They should not be interpreted as professional advice or the foundation of an agency relationship. Before acting on any decisions based on the information provided in these videos, it is strongly advised that you consult with a professional advisor. The purpose of this communication is not to encourage or lead to the violation of any existing agency agreement. This content should not be considered as financial advice.
#FirstTimeHomeBuyer #HomeBuyingTips #RealEstateInvesting #BCRealEstate #HouseHunting #eXpRealty
3 Comments
These Homes Are Practically WORTHLESS Now in Surrey
Sibo Zhang eXp Realty
212 views
A four-bedroom home in North Surrey’s Bolivar Heights community with a huge corner lot, close to 10,000 square feet lot size, has great privacy, development potential for multiplex, just sold for $600,000 less than the sellers hoped for, or 43% off the original listing price. 4 separate price reductions, stuck on the market for close to 600 days, that’s well over one and half years. And it's not the only one. Right now, there are Surrey homes that look perfect in photos that a normal financed buyer literally cannot touch.
And not because they're ugly, but because what's underneath them, what's around them, and what they cost to insure. Now, here I want to show you seven types of homes in Surrey that are practically worthless right now, and how to tell if the one you look at is one of them, honestly.
In this video, we cover:
00:00 - Are Some Surrey Homes Becoming Worthless?
02:09 - Risk 1: The Hidden Costs of Flood Zones
03:27 - Risk 2: Highways, Traffic & Industrial Hubs
04:46 - Risk 3: The Outer South Surrey Commute Trap
05:59 - Risk 4: The Problem with Leasehold Properties
07:22 - Risk 5: Why Micro-Condos Are Hard to Resell
08:49 - Risk 6: Hidden Maintenance & Missing Rainscreens
10:32 - Risk 7: Deal-Breaking Insurance & Mortgage Traps
12:13 - How to Avoid These Multi-Thousand-Dollar Mistakes
I am Sibo, working as an Canadian buyer's agent in BC, I have paid for and collected research data to compile this report, ensuring that buyers have access to more symmetrical information | https://lp.constantcontactpages.com/s...
If you want to gain an unfair home-buying advantage through buyer's agency services, click here to inquire | https://www.liveincentralcity.ca/1-1-...
If you want to find your dream home in no time, please sign up | https://www.liveincentralcity.ca/
Join me on social..
Facebook Facebook: sibozhangrealtor
Instagram Instagram: sibozhangsellssurrey
The views and opinions presented here are exclusively those of Sibo Zhang Personal Real Estate Corporation and do not represent those of eXp Realty or Greater Vancouver Realtors. They should not be interpreted as professional advice or the foundation of an agency relationship. Before acting on any decisions based on the information provided in these videos, it is strongly advised that you consult with a professional advisor. The purpose of this communication is not to encourage or lead to the violation of any existing agency agreement. This content should not be considered as financial advice.
#FirstTimeHomeBuyer #HomeBuyingTips #RealEstateInvesting #BCRealEstate #HouseHunting #eXpRealty
Buying a home should be an exciting milestone, not a financial gamble. If you are planning to buy in Surrey this year and want to make sure you avoid these hidden traps, let's build a custom game plan together. I'm opening up a few spots this month for a FREE, zero-pressure 1-on-1 Home Buying Strategy Session.
Click here to reserve your spot before my calendar fills up: https://www.liveincentralcity.ca/1-1-consultation/