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Archive for the ‘Real Estate News’ Category

New rules regarding dual agency or double ending

Posted on: January 1st,2018 By Rod Friesen

The practice commonly known as double ending or dual agency has come to an end. No more will realtors be allowed to represent a buyer and seller on the same transaction. This is a practice that has been going on for many years and raises some serious concerns, but the rules are the rules and all realtors must abide by them.

double ending dual agency

 

I do not agree with the change but as mentioned above we will adhere to the rules and work within the guidelines. I looked back through my 2017 deals to see how many conflicts I would have had and there were several. One in which was very troubling. I listed a property and emailed my database. The sellers did not want the chaos of open houses and were hoping if they priced it well they would have minimal disruption in their lives and would secure a good offer. That is exactly what happened. A good client of mine who I have known for 15 years wanted to view the property and in turn they purchased the property.

Given todays new rules, I would have had to explain why I could not represent this buyer I had worked with almost a dozen times and how I would have to refer them to another agent who they would likely not feel as comfortable with. I am not sure how this works out fair for both buyers and sellers (both should be allowed to pick their agent of choice) but it is the rules.

A look at the past from 2011 (http://www.rodfriesen.com/abbotsford-real-estate-market-heating-up-jan-2011/)

Full Frame

Posted on: October 14th,2017 By Rod Friesen

A Complete Remodel Designed to Capture the View

With extraordinary views of the Pacific Ocean, Stanley Park, and Grouse Mountain, the coastal seaport city of Vancouver, British Columbia offers remarkable outdoor beauty and the exceptional amenities of a city downtown area. It has become a popular tourist vacation spot, as well as an incredibly diversified residential location. And this approximately 1,400-square-foot subpenthouse is situated in Coal Harbour, an upscale neighborhood within the city.

When the owners purchased the home, the unit needed updating and the layout was not very functional according to Negar Reihani, founder and principal designer of Space Harmony, a design company located in Vancouver. “The owners wanted a modern retreat—something different than their home in California, so they would feel as if they were on vacation when in Canada,” explains Reihani. “We closed a doorway between the master bedroom and the kitchen and extended the kitchen to the windows, making room for a wall oven and pantry.”

Reihani says her design concept was to create a contemporary, neutral, tone-on-tone palette so the view could be the focal point. “The color scheme is taken from the surrounding nature: light-gray oak floors and matching rift-cut oak millwork, natural vein-cut marble in the bathrooms, modern porcelain tiles, and gold/slate grass cloth wallpaper in the corridor are among the finishes,” she says. “The paint color, Sherwin-Williams 7005 Pure White, adds freshness to the space.”

The entryway is small and relatively dark. “We used a gold-and-slate grass cloth and custom millwork to add sophistication to that space,” says Reihani. “As you walk through the entry corridor and come upon the huge windows, striking views, and brilliant light in the living space, it is dramatic and provides a sense of entrance.”

Throughout the home, the color scheme is similar and Reihani held the contrast to a minimum for continuity and to create a sense of spaciousness. “I used a very simple and modern blind that hides inside a custom cassette when rolled up so it doesn’t clutter the panorama,” she says. “The furniture in the living area was sourced through BoConcept. We incorporated a mix of fabrics, with a cloth fabric sofa for the lady of the house and a leather lounge chair for the gentleman,” she says, smiling. Colors are neutral tans with blue and cream accents. “The rug is cowhide done in a geometric pattern pulling the colors of the floors, furniture, and millwork together,” she adds. Another sitting area is on the other side of the dining space with spectacular views on two sides. It was designed as a quiet reading space with a super comfortable chair, a side table, and a faux-fur rug.

The dining area offers a bit more privacy than the kitchen and is furnished in pieces also sourced through BoConcept. The kitchen, measuring ten feet by twenty feet, is on the right as you walk into the living space from the entry. Countertops are quartz for easy maintenance and add a bit of soft contrast to the space. A huge island can accommodate eight people for quick bites. The backsplash is a stunning mural on commercial-grade wallpaper that brings in the colors of the waterscape outdoors. “One of our challenges was coming up with a concept to protect it with a Starphire Ultra Clear Glass panel. We didn’t want metal channels that would distract from the beautiful design,” says Reihani. “Our tradespeople attached the glass panel with silicone, making the installation completely invisible.”

The designer says an even greater challenge was creating a comfortable, functional master bedroom. “The owners wanted a king bed, but the room is small and has unusually angled walls. There was no way that it could accommodate a bed that size. We were able to fit a queen bed, but even then, there was barely any room for bedside tables,” she explains. “Custom-made side tables with a drawer, shelves, and lighting function perfectly and take up minimal space.” Standard closets were replaced by floor-to-ceiling custom cabinetry to best serve the exact needs of the owners.

Reihani’s goal was to maintain the power of the view as a central theme in the home. She allowed the incredible landscape to remain the focal point of every room with her simplicity of design and contemporary, neutral palette. “The view is like living art,” she says, “changing every day of every season.” Written by Carolyn M. Runyon.

Sofa Style

Posted on: October 6th,2017 By Rod Friesen

A sofa is often the hub of a living room. It offers plenty of room for multiple people or pets and a comfy place for one or two people to take a catnap. And because it is often the largest piece of furniture in a living space, it’s a financial investment that should suit your practical needs and look good too. The next time you are in the market for a sofa, consider the following styles.

The most iconic style is the chesterfield sofa, which is identifiable by leather, tufting, and rolled arms. The arms and the back of the couch are the same height, and there are no back cushions. A tuxedo sofa has similar details, but it is boxier in shape and usually upholstered in a softer fabric. Both classic pieces strike the perfect balance of masculine and feminine style, but they are not very practical for a young family with kids.

If you are in need of a family-friendly sofa, you can always turn to the sectional. The modern style accommodates the most family members and it can be found in streamlined and overstuffed options. Try a bridgewater sofa, which is identifiable by its low, set-back arms and padded cushions, or a camelback sofa with a soft, architectural curved back and exposed legs.

Written by Maresa Giovannini.

Rod Friesen and Associates Monthly Magazine Article

The Surprising Ways Buyers Find Homes

Posted on: March 3rd,2016 By Rod Friesen

Do you ever wonder how most people find the homes they eventually buy? You might imagine them driving by a “For Sale” sign or seeing a home for sale in the newspaper and then calling to enquire.

Of course, many buyers find out about listed properties that way. But, according to research by the National Association of Realtors, there are many other — sometimes surprising — ways buyers find their next dream home.

For example:

  • 88% of buyers find a home with the help of a real estate agent.
  • 90% of buyers search online as part of the home buying process. (Such as viewing a property’s profile on the agent’s website.)
  • 69% of buyers searching for a home using Google, use a specific local term, such as “Whitby-south homes for sale”.
  • 29-46% of buyers attend an Open House as part of their home hunting activities.

Overall, the research shows that buyers are using a multitude of ways — combining online and offline methods — to find homes.

What does all this mean to you? If means that if you’re preparing your home for sale, you need to ensure your marketing plan takes into account all the ways buyers are finding properties — so you can be sure that they will find yours.

Looking for a REALTOR® who knows how to market your home for maximum exposure? Call today.

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