Marion Anderson, Your Ski-in/Ski-out Whistler Real Estate Specialist. SUTTON GROUP – WEST COAST REALTY
Author: Marion Anderson
Marion Anderson Personal Real Estate Corporation: Marion specializes in helping Buyers who are considering the purchase of ski-in ski-out real estate in Whistler. Not everyone ends up with slopeside, but it is a great place to start looking. Marion has sold real estate in Whistler since 2005 and has lived in Whistler since 1993. Sutton Group - West Coast Realty, Whistler.
In the July 2022 Whistler real estate market update, the main observation pertains to the detached house segment which is now in a Buyer’s Market. The other two segments, townhomes and condos remain in a Seller’s Market. Again we saw that since February 2022 the number of sales has decreased and the inventory available for sale has increased. That combination lowers the sales to active listings ratio. That ratio determines whether we are in a seller’s market, a balanced market, or a buyer’s market. For the detached house market, the inventory has increased but the demand has not kept pace. This has to lead to a Buyer’s Market for this segment.
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:
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.