Cory Raven | 604-220-9399

 
1. As with conversations, listen more than you speak (or read more than you Tweet)
 
Think of Twitter as a busy conference.  If you run up to everyone you meet in real life and try to sell them something, soon enough people will lose interest in you, right?  Same on Twitter.  It is not "whoever Tweets the most wins"  It is more "whoever can provide real information to their followers wins"
 
Spend some time reading the Tweets of people you follow, you will surely find some interesting topics and unique perspectives
 
2. Follow, Follow, Follow
 
Follow people.  You don't have to follow just your heroes, friends and favorite celebs.  When in doubt, follow!  If you find a person Tweets too often, you can always unfollow later
 
3.Thank people for their @ mentions
 
If someone takes the time to retweet what you say or mention you in a positive way to their followers, make sure you thank them.
 
4. Ask yourself "Why is this interesting to people?" Before Tweeting. 
 
If you are selling a product, don't just tweet that it is for sale, try to convey something of interest.
 
5. If Tweeting a news story, try to give your thoughts or opinion instead of just linking
 
Linking is like handing someone a newspaper and saying "read this"  Adding your opinion helps open conversation and perhaps even debate (Twebate? ok, maybe that is a little much)
 
6. Don't listen to me! 
 
Ok, I think I have some valid points here, but who knows where social media will go?  If you have something you think works, go with it!
 
Cory Raven is a Metro Vancouver Real Estate Salesperson currently licensed with MAC Marketing Solutions.  In addition to trying to add his mark to the social media phenomenon and servicing the needs of his clients, Cory is also working with MAC Marketing's owner, Cameron McNeill to create a boutique Real Estate Company of an elite group of Trusted and Committed Realtors to service the Vancouver Real Estate Market.
 
 
 
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Last Thursday the Urban Development Institute held its Annual General Meeting and Bob Rennie was the guest speaker once again.
 
In the buildup to the talk, there was quite a bit of joking going around at the tables "I am sure that Bob will be positive even with what we have seen in this market" and things of that nature.
 
When Bob was officially introduced, there was even a chuckle in the room as it was said "and I am sure Bob will somehow be positive." 
 
Let me tell you.  Bob turned the skeptics in the room around really quickly!  Using numbers gathered from an independent source, Rennie dove right into an hour long talk on many issues, but the key to it all was really how little supply there is.
 
Bob was careful to separate the village of "downtown" from the suburbs, giving a hint that he, like myself, realizes that there is potential for some further downward pressure in the burbs where values must be supported by local incomes.
 
An amazing time was had, and Bob Rennie, who I have known for years and consider to be a friend did an excellent job.
 
 
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I have prepared some sales stats for a client looking at buildings that are 5 years old or older in the Westend, sold between October 1st, 2007 and October 31st, 2008 and is in a woodframe, freehold building where rentals are allowed
 
Click the link below to see. 
 
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No money for Quattro buyers: developer

Courtesy of ctvbc.ca

 

Thanks to a clause in their contracts, the people who have already paid to live in a huge Surrey condominium that was engulfed by fire won't be getting their money back, the developer said Sunday.

Instead they'll have to hold tight while the damage is assessed and Phase Two of the Quattro buildings in Whalley is rebuilt -- or sell their stake to someone else, said developer Charan Sethi.

"If you want to assign the contract to someone else, you can do that," said Sethi at a town hall meeting for Quattro buyers. "We'll put a system in places so you can do so."

The building was fully insured, and unlike other pre-sale projects that have hit bumps, any extra costs won't be passed on to the buyer, he said.

Surrey hinged the promise of revitalizing the neighbourhood on the $625-million condominium project, the largest-ever commercial and residential development the city had ever seen.

More than 100 units had sold out within hours when the project went on the market. Some 116 buyers were planning to move into their units in the spring.

Instead, a fire broke out on Phase Two of Quattro on October 2, sending massive plumes of smoke into the sky and threatening to engulf nearby buildings as well.

The three-alarm fire knocked out power to over 4,000 people and threatened to topple a large construction crane.

Investigators are still trying to determine what caused the blaze, which they're saying was suspicious.

The contract clause allows for an extension beyond the initial completion date that is equal to the time it takes to repair or rebuild the building in the case of a fire. It also allows the developer a period of 120 days if there is a fire.

Other Surrey developments have had trouble not because of the fire, but because of a global credit freeze.

The developer of the Infinity project near King George SkyTrain Station filed for bankruptcy protection after one of its financial backers, Lehman Bros., went under.

The developer, Jung Developments says it's in negotiations with three local big name developers, and says it's confident that it will find the $100 million extra needed to finish the project.

Other pre-sale condominiums have run out of money as well, leaving some buyers in the lurch.

Vancouver-based Eden group canceled two condo projects due to projected cost overruns before they reached construction. Another of its condos, The Sophia, is nearing completion in the hands of a receiver.

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I had a client ask me to run some numbers and thought I would share.  Given the seemingly daily news about financial crisis, US housing bubbles, $100 million dollar loans for Millennium Development's Olympic Village, and prices now declining in Metro Vancouver, I was curious as to what I would find.
 
This is just a small snapshot and doesn't look at the "macro" market.  It is for 5 year old (and older) buildings in Kits that are freehold and allow rentals.  I ran each month from October 2007 to October 2008.  We just looked at MLS sales, not at listings that were canceled or expired.  Private Sales are not part of this study.
 
Some notes that will make it easier to read
 
DOM = Days on Market, the number of days it took to sell from the time it was listed
PSF= Price per square foot.  In the real estate world, this helps us compare apples with apples.  We take the sale price and divide it by the square footage and get the price per square foot.
 
This information, although compiled by myself, is courtesy of the Real Estate Board and although assumed to be correct has not been verified.
 
Have a look, although there are signs of a "Buyer's Market" as we move from Oct 2007 to today, I think the results may surprise you.
 
I am going to be working on the same type of information sheet for other areas as well.  Is there one you would like to see or some other Real Estate question I can help you with? Drop me a line at cory@coryraven.com
 
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Please excuse the mess while I upgrade my website.  In the meantime, you may access all my blog posts by clicking here.
Please excuse the mess while I upgrade my website to provide you with even more timely and topical information on our market and the process of buying and selling.  In the meantime, you can access my blog by clicking here
Cory Raven
Telephone:604-220-9399
Cory Raven - Managing Broker
RE/MAX Select Realty
4806 Main Street
Vancouver, BC
V5V 3R8