Marion Anderson, Your Ski-in/Ski-out Whistler Real Estate Specialist. SUTTON GROUP – WEST COAST REALTY
November’s Whistler real estate market update features the 5 months of being in a balanced market and the effect on the Buyer. With sales of less than 40 sales/month for the past 5 months, that means we have 6 months of inventory. This will continue to drive the market down toward a buyer’s market.
The following explanation is courtesy of my broker, Sutton Group-West Coast Realty:
“In an environment of multiple offers, a listing agent might be presented with an offer containing what is generally referred to as a ‘‘referential purchase price clause’’ (RPPC). The RPPC is a means by which a buyer endeavors to establish a purchase price by reference to prices contained in competing offers. The thrust of the RPPC is for a buyer to piggyback on the next highest bona fide offer which is acceptable to the seller. Such a clause might read as follows:
Continue reading “Referentail Offers”The topic of buying a Whistler property with unauthorized accommodation is expansive. Unauthorized means that the space was not identified in the original plans which were submitted to the municipality to obtain a permit.
This post is going to focus on unauthorized accommodation in the form of a rental suite. A rental suite within a residential property (house) is common in Whistler. The definition of such a suite might be: “A suite is a separate living area contained within a dwelling unit functioning as a self-contained suite, typically complete with its own kitchen, bathroom, and bedroom.” They are colloquially known as an in-law suite, mortgage helper, nanny suite, non-conforming suite, and other similar descriptive names.
Continue reading “Unauthorized Accommodation”