Shuchat Group Real Estate Blog

This is an idea whose time has now arrived.  With people looking to spend a great deal of more time in their homes for leisure or work, a connection to the outdoors in strata units will be that much more important.  This company looks like they have the perfect system to help strata owners expand their living spaces.  Check out their video.  I think it is an "Amazing Real Estate Idea"!
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"New Homes" design pet peeves. I am getting tired of repeating house designs which show little thought, and, unless we talk about them, they might continue to be repeated by builders who do not bring their Realtors into the design discussions. Here are a few of mine, and feel free to add. Some of you may disagree. To each his own. However, I think, it is time we talked about some of them. Would love to hear your thoughts.
  1. interior garage entrances which require you to walk through a narrow laundry room with laundry machines which obstruct passage. I think we should pass by the laundry room door, not have to pass through a laundry room every time we come home through the garage;
  2. a) The main hall closet for the entire family in a 4-6 bedroom house is a 30" door under the stairs, more usually reserved for vacuum attachments with depth only. Why not use the frontage of the wall for a wide closet. b) No hope to move the door to the side as the closet has the electrical panel and other wiring...
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Completely renovated and ready to move in. Huge rooms and an enclosed porch quiet enough to be a reading or music room.  New bathrooms, kitchen, cabinetry, flooring, fireplace, quartz countertops, lighting and stone chimney. Walk to Richmond Centre, Skytrain, new Senior Centre, pool and library. Strata fees include hot water, nat gas and municipal utilities. Call Arnold for showing protocol: 778-227-7325 Check out this short video featuring "The Music Room!
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For many of you, real estate issues are not really top of mind right now as a result of the everyday stresses because of Covid-19. Nevertheless, because real estate has been top of mind for so many years as price continued to firm, I thought I would shine some light on what is happening in the industry right now.

Firstly, the government declared Real Estate Agency services to be an essential service.  Being that real estate is so connected to shelter, it was felt that the doors could not be closed on services that assist in the provision of housing.  However, based upon the general self-isolation guidelines, Brokers have generally advised Realtors to restrict services to those which are exclusively essential. Currently,  the Real Estate Board of Greater Vancouver has suspended access to open house listings and has discouraged personal showings.  In cases where the showings are essential in nature, my Sutton Westcoast Realty office has instituted strict protocols for the...

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Not everyone gets to be able to sell their home at the perfect time in life when all clutter is removed. Sometimes moves are made when families simply grow out of their current home.  Two of the forgotten areas of home staging are the back yard and the garage.  In my practice, I have noticed that for these two areas, it has become acceptable to simply leave them as a footnote: garages are jam packed with clutter from the rest of the house and back yards are simply unimpressive spaces accessible from the kitchen with little thought to exterior decor. But people need to "be" outside and incorporating the outside, especially the backyard into your living space will impart lasting benefits to your property.

During the summer months, if you have somehow managed to spiff up your exterior space, take the time to shoot some amazing photography to capture the fruits of your efforts.  Perhaps you might end up selling your home in the winter or the rainy season when leaves and water...

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I am going to put some effort into reviving this page.  For starters, I will open the page up to comments.  I will explore downsizing alternatives for people living in the Lower Mainland.  Be sure to check it out from time to time to see articles and topics which complement this blog.
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Firstly, I would like you all to know that I am not an engineer.  I did receive a flyer from the City of Richmond with my utility bill that outlined where a typical house uses water and I happened to read it.  I did not know for example, that a typical home uses 32% of its fresh water in its toilets.  Take a second to let that fact sink in.

Please stick with me here.....(absolutley no pun intended)

Research has found that a healthy human bladder can hold about 2 cups, which is about 1/8 of a gallon. The average older toilet tank uses about 3.6 gallons per flush.  That is a ratio of about 28:1.  It is astonishing that we would need to use 28 times the amount of fresh water to dispose of the little that our bodies actually use.

Newer toilets use only 1.6 for gallons for larger flushes and .6 gallons for liquid flushes. Those of you contemplating switching to the new lower flush units should know that many municipalities offer a rebate on your utility bill of $100 with...
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QUOTED IN THE VANCOUVER SUN-Check out the article below!

After reading Peter McMartin's article in the Vancouver Sun on Heritage Property earlier in the week, I decided to respond to his question: "Heritage Property, Who Pays?"  After reading my letter to him, he picked up the phone and called me and we chatted about how to make the system better so that the city's goal of preserving heritage listed property would not be a burden on those honoured by having their property on that list.

Here is a link to the response article he wrote in the Vancouver Sun.  The city manager took note and promised change as early as next week!  Let's wait and see how effective that change will be..... more on that soon!
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BC has a Property Tax Deferment Program which in certain cases allows a property owner with a principal residence to apply and receive the right to defer all property taxes on that residence for a one-time application fee of $60 with an annual renewal (not automatic) fee of $10.  The interest rate charged on the amount deferred is prime minus 2% which is currently 1.5%- there is no cheaper money around.  There are certain prerequisites which must be met, most notable of which is that one of the property owners must be over 55 years of age and there must be at least 25% equity in the home based upon the BC property assessed value.

This process takes some time so it is best to start it as soon as you get your property assessment.  The 25% equity calculation is sometimes tricky as it may include authorized but not drawn down lines of credit and will include a previous bank’s undischarged mortgage amount even though the balance was refinanced.  Therefore, you need to...

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Over the years, clients who are buyers have asked what they might have to do to back out of a deal that perhaps had a "subject to inspection" clause in it or based on some other technicality.  The discussion is probably not as important in a rising market as the seller could probably sell it for a higher price the following month with little in the way of tangible damages.

This all changes as soon as a market starts to approach its peak or perhaps experiences a downward correction. This was the case in the latter part of 2008 when Lehman Brothers in New York started to unravel and the underwritten mortgages which had been parcelled and sold off turned out to be worth a lot less than their face values. The entire market collapsed, and one couple who had negotiated a purchase of a beautiful single family home in Whistler for about $3.6 Million found themselves in a connundrum as the sale of another property of theirs in the US fell through just as others began unravelling.  They didn't...
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