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Buying Our First Home In Canada

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Denys & Elena were a common immigrant couple from Ukraine who came to Canada around 14 years ago. 10 years down the road they kept on renting in nice area in Burnaby, with two kids at the time they decided there was no more time to wait - they had to enter the housing market. They obtained their mortgage pre-approval and we started shopping for properties.

Details
Location
Services & Specialties
Date
January 2021
Author
Olga Tarasenko
Client
Denys & Elena
Greater Vancouver
Tenant Representation
Royal LePage Westside Klein Group (Vancouver)

Key Challenges & Problems

The biggest (and very common challenge) was that we had quite limited budget and lots of items on the "wish list" .They really wanted to stay in Coquitlam or Burnaby area, but hot sellers' market in spring 2021 kept pushing us out of realistic possibilities to find a suitable home for this family. Properties in our price range were selling like art at the auction and multiple offers were a complete norm. D&E were first time home buyers, we could not risk putting offers without any conditions.

Solutions & Outcomes

As a real estate advisor, I always customize my approach for each client and case individually. It that situation, we utilized the power of story telling by writing a personalized letter from the buyers to sellers (including family picture) to add to thorough due-diligence process prior to placing an offer (reviewing strata documents, going through property disclosure statement etc) and pre-negotiating and establishing relationships with listing agent.

Achieved Results

We had to pivot our search to Walnut Grove area in Langley to accommodate budget and wish list requirements. After identifying a suitable townhome, we applied all above-mentioned strategies and were able to win in multiple offers! What felt like a miracle at the time, turned into a reality for D&E for owning their first home in Canada. Today in January 2024, they received their BC Assessment notice stating that their home equity when up $126,000 in short 2.5 years since the purchase. Buying at the peak of the market felt like a very risky decision for this client and I am happy that they were brave enough to make a move.

Summary

Greater Vancouver
Tenant Representation
Royal LePage Westside Klein Group (Vancouver)

Related Case Studies

Buying Our First Home In Canada
The Challenge
The Solution

Solutions & Outcomes

As a real estate advisor, I always customize my approach for each client and case individually. It that situation, we utilized the power of story telling by writing a personalized letter from the buyers to sellers (including family picture) to add to thorough due-diligence process prior to placing an offer (reviewing strata documents, going through property disclosure statement etc) and pre-negotiating and establishing relationships with listing agent.

Buying Our First Home In Canada
The Result

Achieved Results

We had to pivot our search to Walnut Grove area in Langley to accommodate budget and wish list requirements. After identifying a suitable townhome, we applied all above-mentioned strategies and were able to win in multiple offers! What felt like a miracle at the time, turned into a reality for D&E for owning their first home in Canada. Today in January 2024, they received their BC Assessment notice stating that their home equity when up $126,000 in short 2.5 years since the purchase. Buying at the peak of the market felt like a very risky decision for this client and I am happy that they were brave enough to make a move.

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Whether you’ve just bought a home or have owned a property for decades, there are a few things every homeowner needs to know to care for their home  properly.

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