Vancouver Real Estate Specialist : Blog : Latest Blog Posts

Land Assembly in a Port City: Free Zoom Seminar 2022

Thu, 28 Apr 2022 20:30:26 GMT

COQUITLAM LAND ASSEMBLY SOLD

Thu, 24 Mar 2022 01:15:00 GMT

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Price Points in Your Land Assembly by Geraldine Santiago

Thu, 13 May 2021 18:11:50 GMT

Price Points in Land Assemblies by Geraldine Santiago

In a land assembly, a good strategy to attract interest from developers is your price. If you have an aggressive price point to begin with, developers will pass on your property. When I show developers a potential site to acquire, they look at just how aggressive the pricing is. Sometimes they just walk away but other times they may tell me to let them know when (and if) their price goes down before they act on it.

Remember, there may be planning limitations on your land assembly site that you may not be aware of, and price will definitely affect it. In a recent article dated April 12, 2021 by Western Investor staff, the article mentions the price of plywood, "a single sheet of 4x8 now costs more than $65. As of April 9, a basic SPF (spruce, pine, fir) two-by-four cost a record high of $1,132 per thousand board feet, according to the Ministry of Forests, Lands, Natural Resource Operations and Rural Development's weekly B.C. lumber price tracking."

Broken Land Assembly: What You Should Know

Wed, 05 May 2021 02:49:00 GMT

Broken Land Assembly: What You Should Know by Geraldine Santiago, Realtor

There are 'perfect' land assemblies, and there are 'broken' land assemblies. A perfect land assembly is an assembly that is an assembled by one lead Realtor and listed with all the owners in the assembly. This type of land assemblies will typically be marketed as a parcel to developers, and it is more sellable and marketable than one that is 'broken'.

A broken assembly is an assembly that has four or five different listing Realtors, in for example, a five lot assembly. Sure, every home owner has the right to choose their own Realtor. But from a developer's point of view, this is a 'broken land assembly' because it is much, much harder to deal with. Think of it, the developer will have to deal with five different Realtors, explain the contract and terms five different times, counter with five different Realtors, update five different Realtors with changes, addendums, notices, updates, and more!!! Simply put-- developers just don't have the time to deal with this type of broken assembly as it is very messy, disjointed, and they tend to walk away and go to another site. Developers would much rather have a neat assembly in a nice package with one lead Realtor to deal with.

How to remedy this situation? The solution would be one is the lead Realtor and the other Realtor of your choice co-lists with that person. It doesn't happen often, but this would be a win-win situation for all. The homeowner can deal with the Realtor with whom they have already dealt with in the past, know and trust and the developer can work with the one lead Realtor who will coordinate with the others and developer.

Land Assembly- Not Always All for One~!

Sun, 14 Mar 2021 19:25:45 GMT

Land Assemblies-- not always for everyone!

by Geraldine Santiago

There are many reasons why a homeowner may not want to sell to a developer. Land assemblies are difficult and challenging because not all homeowners want to sell at the same time others are wanting to sell.

Though the money is like a windfall and many people look forward to the 'next chapter', in their lives, there are others who find the entire process of change, selling, moving very, very stressful. For example, I know homeowners who are seniors who want to stay for as long as possible or who are unwell and cannot move out. No amount of money will make them move or sell. There are also some homeowners who can't find their next move up or trade up home, so they communicate this with the developer's Realtor, and until that time happens, there can be no deal in place.

However, not all is lost! From my experience, there are many developers who hold on to properties for a period of time, and can wait out time. They purchase one or two properties in a given year, and other neighbouring properties they acquire later, sometimes many years later, depending on the expanse of the project.These are usually the bigger players who have deeper pockets to do this, who are engaged with multiple projects simultaneously. These developers are the ones with a strategy or a plan in place and will need the time to develop large scale projects.

Other developers, however, look for development projects with a specific time frame in mind and cannot wait for years to assemble. They have a specific budget, with a specific time to acquire, plan, break ground and build, and typicaly work one project at a time. Finding the right developer for your land assembly is the key to success!

It's NOT Location, Location, Location, but your OCP, OCP, OCP!

Sun, 14 Mar 2021 17:22:56 GMT

It's anymore just your LOCATION, LOCATION, LOCATION, but your OCP, OCP, OCP!

In real estate, they say that LOCATION, LOCATION, LOCATION is a key element when purchasing a home. This is true! There is a difference between for example, Kitsilano and Shaughnessy, Point Grey and Dunbar. There is a reason why some homes are more expensive than those in Dunbar, Point Grey, Kitsilano and even Shaughnessy! It is the fact that developers can do more with an assembled group of properties like build a six storey building, because of its OCP.

When buying real estate, this is something you should now consider. In a few years time, do you want to capitalize on your home being sold to a developer-- or not? Most people would want to take advantage of such a windfall when selling to a developer. If you are one of those people who aren't keen on selling to a developer, perhaps seeking a property, when buying, that is not on the OCP is something you would want to seek. Make sure your Realtor knows this!

I have seem properties being sold for way more than a property in Vancouver's Westside only because of its associated OCP, lot size and future development potential. This is a key element for developers.

For more information, attend my free annual land assembly seminar, call or text me at (6044) 764-6873 or purchase my ebook for $19.99!!!

"Best and Final": What do Developers Mean? by Geraldine Santiago

Sat, 06 Mar 2021 18:06:44 GMT

Best and Final in real estate, whether it is from a developer or an individual sale.

Land Assembly on Vancouver Island?--Is it an archaeological site?

Tue, 10 Nov 2020 02:23:00 GMT

Land assembly on Vancouver Island? Find out if your property is an archaeological site before digging! by Geraldine Santiago

Did you know that in British Columbia alone, there are over 500 examples of rock carvings and paintings that have been recorded, more than in any other province in Canada? Rock carvings or petroglyphs were made by the aboriginal people of the region. In addition, there are hundreds of known archaeological sites in Greater Victoria, with a great many more to be uncovered. Unearthing artifacts, human or animal bones or remains, rock carvings etc. are not to be removed or collected, even if it is located on your private land. All archaeological sites in BC are protected under the Heritage Conservation Act.

Many sites are uncovered during construction, so it is important to get an archaeological assessment prior to breaking ground, as an important step prior to development. You will need to consult with an archaeological firm who can provide a comprehensive consultation on archaeological, ethnographic and historical matters and can assess the effects of land alteration and development on known and potential heritage areas and sites.

All archaeological sites in BC, whether they are on public or private land cannot be altered without a permit.To find out if your property is located on an archaeological site, property owners can contact the branch to request records of potential or known archaeological sites on their property by filling out a form by going to the Ministry of Lands, Forests, Lands and Natural Resources Operations and Rural Development website here https://www.archdatarequest.nrs.gov.bc.ca/ or email at archaeology@gov.bc.ca and expect at least three weeks turnaround time.

Read articles here:

https://www.vicnews.com/community/greater-victoria-is-an-archeology-hotspot-but-its-illegal-to-collect-fossils/

ttps://www.vicnews.com/community/does-a-creature-lurk-beneath-cadboro-bay/

Covid-19 and Cost to Develop Opinion Article by Altus Group

Wed, 04 Nov 2020 17:38:59 GMT

If you are thinking about selling your home in a land assembly, here is some information, insights and opinion by Altus on construction costs and challenges developoers have during Covid-19 pandemic in the short, medium and long term. Will you have to wait longer for a developer to purchase your land assembly? There are a lot of challenges that developers face including labour, trade and product shortages that impact cost to develop.

Read opinion here: https://mail.google.com/mail/u/0/#search/altus/FMfcgxwKjKppFDVVZbTqwWVfDfBGkgKp

Disneyland and Developers in Metro Vancouver by Geraldine Santiago

Tue, 21 Jul 2020 15:51:19 GMT

Disneyland and developers in BC and land assembly

Land Assembly: Resources, Info, Seminar & eBook

Wed, 08 Jul 2020 23:43:49 GMT

Learn about timelines, deposits, contracts, and more!

Land Assembly & Real Estate Commission

Mon, 06 Jul 2020 15:45:46 GMT

Land assembly and Realtor® commission

What Type of Property Can be Built On Your Land Assembly?

Mon, 06 Jul 2020 02:04:00 GMT

What type of property can be built by a developer on your property?

Land Assembly: Resources, Info, Seminar & eBook

Sun, 05 Jul 2020 02:21:00 GMT

Land Assembly: No Big Deal

Sat, 04 Jul 2020 21:12:31 GMT

Land Assembly: No Big Deal by Geraldine Santiago

When selling a single detached home for sale, Realtors® look at active, expired, cancelled and sold listings for price guidance. In a land assembly, your Realtor® should also provide you with current information on the cost to build per square foot. This will give you a more reasonable price on what builders are willing to pay based on a pro forma that clearly outlines and provides detailed costs the developer will incur for the entire scope of the project.

Without a pro forma, it is likely that the values are not in line with the developer’s pricing, and home owners expectations will fall short and not sell.

Many people think that selling to a developer is a windfall, like winning the lottery-- when it is not. Developers will look at the present real estate market but will also look at future costs and calculate anticipation of future benefits. Remember, from the time it takes to acquire land, to completion will take years. It is imperative to look at the current market, Covid-19, borrowing risks, etc. to fully determine whether your land assembly is a go or no go from a developer's perspective.

Realistic pricing from the beginning is always important, whether you are selling your home in a land assembly or individually as a single home sale. Not all Realtors® have access to detailed information as to what price per square foot developers purchased, and when. Make sure your commercial Realtor® has this information to give you. If not, give me a call today at 60-764-6873.

To read more on the article by Global News click here:

https://globalnews.ca/news/3168279/attempted-land-assembly-deal-has-33-foot-east-vancouver-lots-listed-for-3-4-million/

Land Assembly Guide for British Columbians $19.99 plus GST

Mon, 27 Apr 2020 16:35:32 GMT

Land Assembly Guide by Geraldine Santiago: A book on what conditions are needed for a sale to complete.

Land Assembly Guide ebook in PDF $19.99 PLUS GST

Sun, 26 Apr 2020 18:07:24 GMT

Land Assembly ebook: "How to Sell to a Developer" by Geraldine Santiago

5th Bi-Annual Land Assembly Seminar

Sun, 08 Mar 2020 00:50:00 GMT

Are you a home owner thinking about selling your home? Do you want to know how to maximize its full selling potential? Should you remodel, renovate, de-clutter, repaint or, stage your home? Should you build a duplex or laneway home? Or, should you sell your land together with your neighbours in land assembly?

Developers are snatching up properties and buying real estate to allow for more density in many neighbourhoods throughout metro Vancouver. But what exactly are developers looking for? In land assembly, two or more parcels of real estate are combined togrether into one parcel and a higher value is created for the assembled parcel than for the individual parcels.

Do you own a property that is right for development? Does your property location allow higher density? Other than Cambie Corridor, what are key areas where developers are purchasing? Don't know where to look or who to ask? Then attend our FREE information and education seminar with industry experts on hand as keynote speakers and get the knowledge you need befoe signing a contract.

Find out about the latest in land assembly and how to best leverage your property by selling together with your neighbours. Selling parcels of land to a developer with individual home owners is exponentially difficult but the return on your investment could be worth it. Are price points agreed upon based on improvements on the land or size of the lot? What are the price points to agree upon? Realistic time lines? Deposit holders and market shifts, escalation clauses and more. Who are my team members and what are the costs? How many team members are involved? How is my land valued?

Pre-register as space is limited and get tickets through this site, OR TEXT me at (604) 764-6873, and email geraldinesantiago1@remax.net. Go to Eventbrite.ca for tickets and more information.You'll be glad you did!

Go to Youtube for Geraldine Santiago and Maximizing Your Property on Breakfast TV

https://www.youtube.com/watch?v=WgCZBRiS93Y

https://www.eventbrite.ca/e/5th-annual-land-assembly-seminar-tickets-98946893823?aff=ebdssbdestsearch

4th ANNUAL LAND ASSEMBLY SEMINAR & EBOOK LAUNCH

Sat, 25 May 2019 17:47:57 GMT

Pre-register as space is limited and get tickets through this site, OR TEXT me at (604) 764-6873, and email geraldinesantiago1@remax.net. You'll be glad you did!

Go to Youtube for Geraldine Santiago and Maximizing Your Property on Breakfast TV

https://www.youtube.com/watch?v=WgCZBRiS93Y

*Light sandwiches & refreshments provided. Please let us know if you have any specific allergies.

The Shape of Land (Assemblies) by Geraldine Santiago

Fri, 08 Feb 2019 00:21:00 GMT

The Shape of Land (Assemblies)

Get your FREE PDF ebook on Land Assembly in British Columbia by Geraldine Santiago

Attend our FREE 4th annual land assembly seminar on Saturday, April 27, 2019

Where: RE/MAX Crest Realty

Time: 1:00-3:00PM

Pre-registtration is required.

Please go to Eventbrite.ca for more information or www.LandAssembly.me

Land Assembly Seminar: 4th Annual Seminar Sat. April 27, 2019

Mon, 04 Feb 2019 02:51:00 GMT

Go to www.LandAssembly.me

When: Saturday, April 27, from 1:00-3:00PM

Where: RE/MAX Crest Realty Office

3215 Macdonald Street

Vancouver, BC

V6L 2N2

Parking available, public transit routes.

Please email or text/call Geraldine Santiago

geralinesantiago9@gmail.com

(604) 764-6873

or go to Eventbrite.ca to pre-register as space is limited.

Potential Hillside Quadra Land Assembly, Victoria BC

Sun, 03 Feb 2019 18:54:31 GMT

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Potential Surrey Land Assembly

Sun, 03 Feb 2019 18:51:43 GMT

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Land Assembly Bolivar Heights, Surrey

Fri, 01 Feb 2019 02:45:00 GMT

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Land Assembly Quadra Hillside Victoria BC

Fri, 01 Feb 2019 02:42:00 GMT

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Land Assembly Q and A by Geraldine Santiago Realtor®

Mon, 10 Dec 2018 19:20:35 GMT

To Sell or not Sell as a land assembly

Land Assembly Acquisition Process by Geraldine Santiago

Mon, 10 Dec 2018 15:53:44 GMT

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Land Assembly in British Columbia by Geraldine Santiago Realtor®

Fri, 07 Dec 2018 21:28:36 GMT

"Land Assembly in British Columbia", 2018 by Geraldine Santiago has detailed information on putting a land assembly together with your neighbours, for home owners wanting to maximize their return on investment.

How does my property qualify?
I own four properties side by side, will that be enough for a land assembly?
How much more will I get in a land assembly versus selling a home on its own?
We have a strata titled building and all the owners would like to sell to a developer. How do we do that?
What are the timelines and deposits involved?
How do we negotiate with a developer?

These are just some of the topics that are discussed with regular updates being released. Get your free copy today!

What are my options if a developer wants to buy my property? by Geraldine Santiago

Sat, 01 Dec 2018 00:20:00 GMT

My neighbours have started and signed with a Realtor® to have our entire block as part of a land assembly. What are my options?

Land assemblies are not all the same size. Sometimes, a land assembly can happen with two or three adjacent homes on the same block. It can happen with the entire block as well. It can also happen with only one very large piece of land. I have also seen land assembly projects where developers go around a single property. There are many homes like this where there is a singleton amidst a high rise or row townhome. The photo above shows a property home owner- for whatever reason- either did not want to sell or was not included in the development.

Land assemblies are not for every home owner as many people are on different time and financial objectives. You may have just recently renovated substantially or built a new home on your property. However, joining in at a later date once the developer has already spent money, time and energy to put forward their proposal to city officials might be a lost cause and you may be too late.

If you are thinking about selling your home as a land assembly feel free to contact me at any time at (604) 764-6873 or email me at geraldinesantiago9@gmail.com

Land Assembly Guide for Home Owners by Geraldine Santiago

Thu, 15 Nov 2018 23:54:15 GMT

Land Assembly Seminar 2019

Tue, 13 Nov 2018 00:23:00 GMT

Our seminar is growing in popularity! Join us for our spring land assembly seminar, 2019 scheduled for Saturday, April 20th.

Have a Haunted House? Consider selling as a land assembly!

Sun, 21 Oct 2018 21:56:09 GMT

Land Assembly in 9 Easy Steps by Geraldine Santiago, Realtor®

Sun, 23 Sep 2018 20:30:02 GMT

Land Assembly in 9 Easy Steps by Geraldine Santiago

Yes! Please send me a free copy of your ebook on Land Assembly

Sat, 22 Sep 2018 15:25:35 GMT

Land Assembly Seminar with Geraldine Santiago Realtor®

Fri, 14 Sep 2018 20:29:24 GMT

Vancouver Courier and Geraldine Santiago in Selling Air Rights

Wed, 05 Sep 2018 19:13:14 GMT

Vancouver Courier:

Click link below to read Vancouver Courier article on land assembly and air space rights in Vancouver, BC .

https://www.vancourier.com/real-estate/do-you-own-the-air-above-your-home-free-seminar-to-explain-all-1.23421588

Selling the Sky -Why Your Property's"Air Rights" are Valuable by Geraldine Santiago, Realtor ® and Published Author

Tue, 04 Sep 2018 17:07:58 GMT

Selling The Sky - Why Your Property’s “Air Rights” Are Valuable
by Geraldine Santiago Realtor ® and Published Author

Do you know you can cash in on maximizing your property’s full potential by considering the value of your air rights? Above certain heights, the sky is treated as a virtual highway for public air travel, but unused space closer to the ground can represent valuable real estate.

In big cities like New York, Manhattan developers are already paying an average of $225 per square foot for space above low-rise buildings called “air rights”. In fact, the buying and selling of air rights have played a prominent role the city’s development and culture for decades.

Vancouver’s real estate market is booming and homeowners are wanting to cash in on maximizing their lot’s fullest potential. Current options include subdividing and building laneway homes, selling two or more parcels of land as in land assemblies and now selling their air space rights - also known as Transferable Development Rights (TDR).

Physical interests in real property can now be achieved both horizontally and vertically. The most common methods in creating horizontal division is through subdivision and land assembly. In land, a higher value is created for the assembled parcel than for the individual properties. The most common vertical interests in real property are sub-surface air rights and air rights. A subsurface right is the right to use of and profit from the underground portion of the designated property.

What are Air Space Rights?

Impacts of Zoning, Densification and Land Assembly on Air Rights
Air rights are the property rights associated with the use, control and regulation of air space over a parcel of real estate regulated by zoning. Both of these fractional interests represent portions of a fee simple estate, and each embodies the idea of land as a three dimensional entity. The vertical division of real property is significant because engineering advances have dramatically affected land use enabling best use considerations that were not previously attainable.

Air rights can be sold in fee, with the seller retaining one or more easements for a specialized use, such as the operation of a railroad. In Vancouver, air space rights are currently being bought and sold for at least $85 per square foot with that price rising as supply diminishes.

If you have a heritage designated property that you cannot tear down or build up, and are not using the airspace above your heritage building, a developer may acquire those rights to add density to a property through transferable development rights. In New York, air space rights above heritage buildings - like theatres and churches - are being sold and purchased by neighbouring developments.

The city of Vancouver currently has incentives for developers through transferable heritage density bonuses. Under the terms of this program, if a developer agrees to rehabilitate and legally protect any heritage buildings on their development site, the City will allow the developer the chance to increase the density of their project. There are receiver site and donor site locations.

Density can be transferred in zoning districts in the Central Area where potential receiver site locations are as follows:Downtown District (DD), West End (RM-5, RM-5A, RM-5B, C-5, C-5A, C-6), Central Broadway (C-3A), Southeast False Creek (SEFC) from sites located outside of SEFC (noting that density may not be transferred from inside SEFC to any site located outside of SEFC).

The zoning districts in the Central Area where potential donor sites can be located are: Downtown District (DD), West End (RM-5, RM-5A, RM-5B, C-5, C-6),Central Broadway (C-3A), Chinatown (HA-1 and HA-1A) and Gastown (HA-2) zoning districts.

Complete details regarding “The Transferable Heritage Density Inventory Heritage Conservation Program” can be found at ttp://vancouver.ca/files/cov/transferable-heritage-density-summary.pdf

In other cities like Maple Ridge, North Vancouver, and New Westminster, a density bonus is given to property owners in exchange for the purposes of heritage conservation which can be on-site or off-site density transfers.

Maximizing Your Property’s Value
As a homeowner wanting to sell property, learn how you can maximize your property’s value through land assemblage and Transferable Development Rights by attending Remax’s Lunch and Learn Seminar on September 8, 2018 from 11-1pm. We will be educating property owners about the process of maximizing their home’s highest sales potential through transferable development rights and land assembly.

Ask yourself - Do I own the air above my property and if so, what can I do with it? How can I sell my air rights? Our Industry experts will be on hand to answer your questions and provide you with best use scenarios.

To obtain event details and register, go to: www.vancouverhomes.info or contact Geraldine Santiago at geraldinesantiago1@remax.net or TEXT (604) 764-6873 Code: LAND.

RE/MAX Crest Realty office, 3215 Macdonald Street,Vancouver, BC V6L 2N2

Why Vancouver is Getting So Unaffordable by Geraldine Santiago

Sun, 02 Sep 2018 21:03:28 GMT

land assembly, density in Vancouver, land assembly options for Vancouver residents

Vancouver Land Assembly an Oxymoron by Geraldine Santiago Realtor®

Thu, 30 Aug 2018 16:22:24 GMT

Vancouver Land Assembly an Oxymoron

The Port of Vancouver is Canada’s largest port. Located on the southwest coast of British Columbia in Canada, the Port of Vancouver extends from Roberts Bank and the Fraser River up to and including Burrard Inlet. According to the Port of Vancouver, “The port is Canada’s largest, supporting trade and with more than 170 economies around the world.”

How do we address densification, housing affordability challenges in a port city? Attend our 3rd annual land assembly Vancouver seminar on Saturday, September 8th from 11-1pm. Pre-register at www.landassembly.me as space is limited. Text or Call Geraldine Santiago (604) 764-6873

How to Band Together in Land Assembly by Geraldine Santiago Realtor ®

Fri, 24 Aug 2018 17:24:40 GMT

Attend our 3rd annual seminar for sellers wanting to sell their home as a land assembly. Find out how and if your property qualifies, and what properties are being rezoned in your neighbourhood. Densification is the answer to our housing crisis and in order to do that, land assembly is needed.

Did you know that 89% of Canada's land ownership is owned by Crown Land? Crown land is land (or land covered by water like rivers or lakes) that is owned by the provincial government. This includes forests, parks, beaches, public swimming pools, community centres, public libraries etc. We love our parks and forests, and can't build there!

So where are we going to find land to build upon, to make way for the increase in population in metro Vancouver? If Crown land is not being sold, sales from individual land owners might be the answer. Perhaps land assembly is our our hope.

Go to www.landassembly.me for more information and to pre-register as space is limited.

Our Housing Crisis Needs Options by Geraldine Santiago, Realtor ® and Published Author

Wed, 22 Aug 2018 01:04:00 GMT

Our Housing Crisis Needs Options by Geraldine Santiago Realtor ® and Published Author

Yet again we have had high E.Coli counts in False Creek possibly due to boaters. Housing crunch means more live-aboards. Surely there must be other housing options available to Vancouverites. Read here:https://lnkd.in/gg26CHV

Vancouver's topography with land gradients of mountains in the north and bodies of water make it impossible to build on. How are we going to find a solution? The city of Vancouver has already allowed infill housing, laneway housing, secondary suites-- all to allow more density. People want affordable housing. Did you know that Crown lands make up 89% of land ownership in Canada? Crown land is land (or land covered by water like rivers or lakes) that is owned by the provincial government. This also includes forests, parks, beaches, etc.

We can't build there! So where are we going to find land to build upon, to make way for the increase in population in metro Vancouver? If Crown land is not being sold, sales from individual land owners might be the answer. Perhaps land assembly is our answer. Attend our land assembly seminar on Saturday, September 8th. For more information, go to www.landassembly.me

Land Assembly Seminar for Home Owners

Thu, 16 Aug 2018 16:33:40 GMT

Our land assembly seminar on Saturday, September 8th is filling up FAST. This is our 3rd annual land assembly seminar, with information you won't want to miss. To pre-register and for more info, go to www.landassembly.me

*Please note this is not a seminar for Realtors.

9 Reasons Why Land Assembly Makes More Cents (and Dollars) by Realtor Geraldine Santiago

Thu, 16 Aug 2018 04:15:00 GMT

land assembly geraldine santiago land assembly vancouver land assembly richmond . land assembly metro vancouver

8 Reasons Why Land Assembly Make More Cents & Dollars by Geraldine Santiago

Tue, 14 Aug 2018 15:39:45 GMT

land assembly vancouver realtor, land assembly specialist, land assembly surrey, land assembly port coquitlam, land assembly seminar

6 Reasons Why You Should Sell Your Home as Land Assembly by Geraldine Santiago

Tue, 14 Aug 2018 15:27:07 GMT

6 Reasons Why Land Assembly Makes More Cents (and dollars) by Geraldine Santiago, Realtor

Land assembly is a growing trend in and around metro Vancouver and in order to understand some of the aspects about land assenbly, here are some reasons why selling your home as land assembly makes more cents:

Tear down: Your house, or the improvements on your property have little or almost no value to it. In essence, it is a ‘tear down’. Even if you spend money to do a renovation- fix a bathroom or kitchen, it is better off selling the land for its value as a land assembly than to do a small renovation because your property value as a collective will be worth more.
Finances: You don’t have the money or the energy to attempt to upgrade, renovate or fix. You are already stretched too much financially and fixing up your property to sell will be even more strenuous on your finances. You don’t have the funds to fix the roof and heating and plumbing systems are in desperate need of replacing. In selling your land together with your neigbours collectively, your land will can be valued more than if it were to be fixed or repaired.
Irregular sized lot: If you have a property that is either too narrow, too small or you have an irregular shaped lot, that is difficult to build on, selling your land as an assembly can give you a higher property valuation.
One storey bungalow: If your house is a small, one storey bungalow and in your neighbourhood, properties are being built with two or three storey homes, your property is not utilizing its best and highest use. Therefore, you will definitely attract builders. If it is a ‘stand alone’ sale, however, where you are not selling with your neighbours, you will not get as much money as you would if you sold with your neighbours on the block.
Lot size: In land assembly, it is your lot size is a tremendous factor. If you have a huge lot, selling your home as a land assembly with your neighbours can truly give you an edge in getting a higher value.
Commercial district: If your next door neighbour or a property on your block is designated CD commercial zoned, and you are in a residential zone, you should sell your home as a land assembly. Having a CD commercial zoned property means that potentially a builder can have a mixed use site with both commercial and residential properties.

If you are a homeowner thinking about selling your home as a land assembly, our seminar on September 8, 2018 at the RE/MAX Crest office from 11-1pm with industry experts will enlighten you on the process, the cost, timelines and more! To pre-register, go to www.landassembly.me . Don't miss out on a tremendous opportunity.

Land Assembly Hotline

Tue, 14 Aug 2018 03:11:00 GMT

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6 Reasons Why Land Assembly Make More Cents by Geraldine Santiago

Mon, 13 Aug 2018 02:36:00 GMT

land assembly realtor, land assembly seminar

Land Assembly Specialist

Sun, 12 Aug 2018 02:36:00 GMT

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Land Assembly Seminar for Home Owners

Thu, 09 Aug 2018 14:43:12 GMT

If you are thinking about selling your home as land assembly and don't know where to begin, our land assembly seminar this Fall, September 8th, 2018 will help determine whether or not your property is viable for a land assembly project. Unlike selling your home on your own, you will need to band together with one or two of your neighbours to make a land assembly work. Not all land assemblies sell either, because of poor pricing. Our lead expert will show you how important it is to price your land assembly for an effective sale.

For more information and to pre-register, go to www.landassembly.me

How to Band Together in Land Assembly by Geraldine Santiago

Fri, 20 Apr 2018 16:17:11 GMT

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