Here’s another case study on an investment property that was all wrong, right from the beginning. Never sure who’s to blame with these types of situations but in the end it has to fall on the buyer for simply not doing their due diligence and getting the proper advice on this deal. Or, if they did, they didn't listen and went ahead anyway. If you’re going to buy an investment property make sure you at least understand the basics of real estate investing, then hire a Realtor who specializes in these types of properties to steer you in the right direction.

When you’re selling a home you want to make sure you point out all the features that help make that home worth what you’re trying to sell it for. However, sometimes things can get exaggerated, stretched a bit or just plain wrong. Here are the 4 most common what I call “creative marketing statements” that I see these days on the MLS for Vancouver.

I just finished uploading this Townhouse for sale, 1 3591 GRANVILLE Ave, Richmond, British ColumbiaLuxurious duplex style townhouse in the prestigious Sherwood at Quilchena Golf & Country club. Loaded with Shaughnessy style and quality. This 2400sq ft home is truly one of a kind and features many luxury upgrades including an incredible 3rd floor media room with remote control skylight and lighting. American cherry hardwood flooring on main. Kitchen features granite counters Viking cooktop with griddle double ovens & hood fan. wine fridge and filtered water system. Living room features custom fireplace & tray lighting. Spacious dining room with coffered ceilings. Large master bedroom with custom fireplace. Private outdoor patio and wrap ...

The tax assessed values have always been low compared to market value for most lower mainland homes, but they are becoming really out of whack these days. Part of the reason is that they are stale. BC Assessment numbers are done as of July 1st every year and are released in January of the following year so they are not right up to date. However I have to wonder if BC Assessment really looks at each individual home and its position on the street like it says it does. Or how much data it really crunches in coming up with the values these days?