Beware the Risks: Navigating Presale Small Developments with Care

Buying a presale small development can be a thrilling venture, offering the promise of a brand-new home tailored to your desires. However, beneath the surface lies a potential minefield of risks, particularly when it comes to the integrity and intentions of the builder. Are you dealing with someone genuinely invested in providing quality or someone merely looking to push through to the next deal, regardless of the consequences?

The cornerstone of any presale purchase lies in the builder's integrity and commitment to quality. It's a lesson learned through experience, as highlighted in a recent encounter with a presale deal in East Vancouver. As an agent, my responsibility is to safeguard my clients' interests, which often entails scrutinizing the builder and the property for any red flags.

In this particular case, warning signs were evident from the outset. Despite noting numerous deficiencies during the initial viewing, my clients chose to proceed cautiously, mindful of the importance of a thorough inspection. The subsequent inspection revealed a staggering 60 deficiencies, along with a myriad of paint issues, further underscoring the need for diligence. 


Attempting to address these issues in a collaborative manner, we proposed a walkthrough with the builder and both agents. However, it quickly became apparent that the builder was not receptive to constructive dialogue, leaving us disheartened by the lack of cooperation.

Navigating the negotiation process proved equally challenging, with the builder displaying reluctance to acknowledge the extent of the deficiencies. Despite our efforts to reach a fair resolution, the builder's proposed compensation fell woefully short of the mark, highlighting a blatant disregard for accountability.

Attempting to address these issues in a collaborative manner, we proposed a walkthrough with the builder and both agents. However, it quickly became apparent that the builder was not receptive to constructive dialogue, leaving us disheartened by the lack of cooperation.

Navigating the negotiation process proved equally challenging, with the builder displaying reluctance to acknowledge the extent of the deficiencies. Despite our efforts to reach a fair resolution, the builder's proposed compensation fell woefully short of the mark, highlighting a blatant disregard for accountability.

Ultimately, my clients faced a difficult decision: proceed with the purchase, armed with the protection of a contractual agreement, or walk away from the deal altogether. After careful consideration, they opted to proceed, fully aware of the potential challenges that lay ahead.

As we neared completion and observed that some of the deficiencies had been addressed, we made another attempt to negotiate a resolution, but it appeared that finding common ground was becoming increasingly unlikely.

On the day of completion, my clients were prepared to move in as scheduled. However, the builder chose to delay signing until the very end of the day, refusing to communicate with their lawyer or realtor. This unexpected turn of events added immense stress to an already challenging day. The clients found themselves in a predicament, needing to arrange storage for their belongings and hastily secure temporary accommodation. It was a chaotic and frustrating ordeal.

This experience underscores the urgent need for industry-wide reforms aimed at ensuring transparency and accountability in presale developments. Implementing standard holdback clauses and enlisting third-party inspectors to evaluate deficiencies and determine appropriate compensation could help mitigate conflicts and promote fair dealings.

While developers and builders play a vital role in meeting the demand for housing, it's imperative that their actions align with ethical standards and a commitment to quality. Only by holding them accountable can we foster trust and integrity within the industry, ensuring that future presale ventures are characterized by transparency, fairness, and above all, the assurance of a home built to last.


A 15-Year Real Estate Journey: Finding Balance and Adventure

Reflecting on my 15-year journey in real estate fills me with gratitude and humility. This year, achieving significant milestones like being named the top individual agent in our office, receiving the prestigious Chairman award from Remax, and ranking different months, #8, #76, #47 and #26 in 2023 for Remax Western Canada has been incredibly rewarding.

Remax Awards 2024 Vancouver Realtors

But amidst these achievements lies a story often overlooked—the personal transformation that brought me to this point. Five years ago, I reached a breaking point. Despite professional success, I was overwhelmed with stress, achy body and lacked balance in my life. Big changes were needed!

In 2018, I underwent a profound shift. Through meditation, mentorship, and prioritizing self-care, I began to reshape my life. I realized the importance of taking time off, exploring new passions, and nurturing relationships outside of work.Challenging societal expectations of perpetual availability, I committed to nurturing a healthier lifestyle. In 2019, I embarked on an unforgettable adventure, traversing South America and conquering the rugged terrain of Patagonia alongside like-minded souls.

Remax Realtor Vancouver Matt Henry accepting awardting

The onset of the COVID-19 pandemic in 2020 presented unforeseen obstacles, yet it also offered an opportunity for introspection and connection. Despite the challenges, I embarked on a journey to Thailand, where I found not only love but also a renewed sense of purpose.

Matt Henry East Vancouver Realtor, The Iceberg Illusion

In 2021/2022, I decided to push the boundaries of conventional living further by taking an extended hiatus to explore the world and cultivate meaningful relationships. From traversing the picturesque landscapes of northern Thailand on a scooter to basking in the tranquility of Laos, each moment was evidence to the beauty of living life on one's terms.

The following year, I continued to embrace the spirit of adventure, immersing myself in the rich cultures of Thailand and the Philippines. Sharing these experiences with loved ones, including my cherished team and beloved mother in law, brought unparalleled joy and fulfillment.

Journeys in Laos and Thailand

As I reflect on the past 15 years, I am reminded that true success extends beyond professional accolades—it lies in the ability to embrace change, cultivate balance, and seize every opportunity for growth and exploration. My journey in real estate has not only shaped my career but has also enriched my life in ways I could have never imagined. And for that, I am eternally grateful.

Matt Henry East Vancouver Realtor group photo.


Benefits of East Vancouver real estate.

Are you thinking of buying or selling a home in Vancouver? If so, you might want to consider East Vancouver as your destination. East Vancouver is one of the most diverse, vibrant, and affordable areas in the city, offering a wide range of benefits for homeowners and investors alike.

But what are the benefits of East Vancouver real estate? And how can you find your dream home in this area? That's where Matt Henry comes in. Matt Henry is an experienced and professional RE/MAX realtor who specializes in East Vancouver. He has the knowledge, skills, and resources to help you with your real estate needs and dreams.

Here are some of the benefits of East Vancouver real estate:

- Diversity: East Vancouver is known for its diversity, both in terms of people and housing options. You can find different cultures, cuisines, festivals, and events in this area, as well as various types of homes, from condos and townhouses, to single-family homes and duplexes. You can also find different neighborhoods, each with its own character and charm, such as Commercial Drive, Mount Pleasant, Fraser East, Victoria East, and more.

- Affordability: East Vancouver is one of the most affordable areas in the city, offering good value and potential growth for your money. According to REW.cathe average price of a home in East Vancouver was $1,548,000 in April 2023, up 8.9% from last year. The demand for homes in this area is high, as more people are looking for convenient and comfortable alternatives to downtown.

- Amenities: East Vancouver is close to everything you need, from shopping and dining, to schools and parks, to transit and highways. You can easily access downtown, the airport, the highway, and other parts of the city by public transit or car. You can also enjoy the natural beauty of the mountains, the ocean, and the islands nearby.

- Culture: East Vancouver is rich in culture and history, offering a unique and lively lifestyle for its residents. You can enjoy the arts and music scene in this area, including the famous murals and live music venues. You can also explore the craft breweries and local markets in this area, or visit some of the historical landmarks and buildings, such as Hastings Park or Strathcona.

- Service: Matt Henry is committed to providing you with exceptional service and results when it comes to buying or selling a home in East Vancouver. He will listen to your needs and goals, answer your questions and concerns, and keep you informed and updated throughout the process. He will also go above and beyond to make sure you are satisfied and happy with your transaction.

East Vancouver real estate is a great opportunity that you don't want to miss. With Matt Henry as your RE/MAX realtor, you can make it happen. If you have you want to buy or sell use our contact links below.


The Art of Home Staging in East Vancouver Real Estate: Tips from a Top RE/MAX Realtor Vancouver

In the competitive East Vancouver real estate market, making your home stand out from the rest is crucial for a successful sale. As a seasoned RE/MAX Realtor in Vancouver, I understand the importance of home staging in creating a lasting impression on potential buyers. In this article, I'll share expert tips on how to effectively stage your home to maximize its appeal and increase its value.

  1. Declutter and depersonalize The first step in staging your East Vancouver property is to declutter and depersonalize your space. Buyers need to envision themselves living in your home, so remove any personal items such as family photos, collections, and memorabilia. As a RE/MAX Realtor in Vancouver, I recommend keeping your décor neutral and minimal to appeal to a wide range of buyers.

  2. Optimize lighting Proper lighting can make a significant difference in how your home is perceived. Bright, well-lit spaces feel more inviting and spacious. Replace any burnt-out bulbs, and consider upgrading to energy-efficient LED lights. Additionally, open curtains and blinds to let in natural light, showcasing the best features of your East Vancouver real estate.

  3. Enhance curb appeal First impressions are crucial, so don't neglect your home's exterior. A well-maintained front yard and entryway can instantly boost your property's appeal. As a top RE/MAX Realtor Vancouver, I suggest investing in fresh landscaping, painting your front door, and adding stylish address numbers to create a welcoming entrance.

  4. Rearrange furniture The right furniture layout can make your space feel more spacious and functional. In East Vancouver real estate, potential buyers are often looking for open-concept living spaces. To create this effect, consider rearranging your furniture to improve traffic flow and create a sense of openness.

  5. Use color strategically Color can greatly impact the overall feel of your home. Stick to a neutral color palette with pops of color to create a cohesive and modern look. As an experienced RE/MAX Realtor in Vancouver, I've found that incorporating soft blues, greens, and greys can make your East Vancouver property feel calm and inviting.

  6. Showcase key features Highlight the unique features of your East Vancouver real estate, such as a fireplace, built-in bookshelves, or high ceilings. Make sure these elements are clean and in good condition, and use accessories and furniture to draw attention to them.

  7. Accessorize thoughtfully Carefully chosen accessories can add the finishing touches to your staged home. As a leading RE/MAX Realtor Vancouver, I recommend using decorative pillows, artwork, and plants to add warmth and personality to your space. Remember, less is often more, so keep your accessories to a minimum to avoid a cluttered look.

The art of home staging can make a significant difference in the success of your East Vancouver real estate sale. By following these expert tips from a top RE/MAX Realtor Vancouver, you can showcase your property in its best light and attract more potential buyers. To learn more about how staging can help sell your home faster and for a higher price, contact me today for a consultation.


Main Street - The poster child for City Living with a young family


The poster child for City Living with a young family Main Street.

An eclectic art hub, fused with an abundance of educational options from pre-K right into College. A culturally diverse delight for your taste buds with no shortage of emerging chef’s, craft breweries, café’s and wine bars. Not to mention the vast amount of green space for exploring, dog walking, picnics and playtime. Main Street succeeds in blending its independant spirit with emerging new families and young professionals.

Main Street grows with you, without asking you to forget who you are.

Fuel up at one of the over 25 coffee bars Main Street has to offer before embarking on your own walking art tour, as Main Street is home to the highest number of multicultural and incredibly vast murals in the city. Continuing your outdoor exploration, you will quickly get a feel for each of the 8 distinct neighbourhoods that Main Street encompasses (Downtown Eastside, Old JapanTown, Chinatown, Strathcona, Mount Pleasant, Riley-Park/Little Mountain, Punjabi Market, and Sunset) as you investigate the rich culinary flavours, the unique blends of old and new, and the individual personalities of each area.

Main Street also offers an abundance of preschool, elementary and high school options. It is abundant in playgrounds and parks. Main Street continues to meet a balance of city living and family dwelling, which is why we are quickly seeing it become one of the fastest growing communities for thriving young families!

-Matt Henry Team

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