Ryan Froese Re/Max Commercial

Ryan Froese

VICE PRESIDENT, COMMERCIAL DIVISION

RE/MAX SABRE REALTY

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Cell 604-230-1623

Office 604-942-0606

Email: RyanFroese@Remax.net   


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Welcome to RCRE .ca 

 

RE/MAX   COMMERCIAL   REAL   ESTATE

 

STRATA WIND UP SERVICES

We are pleased to assist your Strata Corporation with winding up. The process is relatively new to the industry, and many corporations have found that it is not always straightforward. This is where you will benefit from Re/Max Sabre Commercial's Marketing Experience and Professional Knowledge.


Re/Max Commercial has been involved in several strata wind ups. Using resources within our office, as well as consultant services, we can navigate the Strata Corporation through the many considerations. We believe our advice and guidance will result in a smoother, and more profitable, transaction for owners.


 

New Changes Bring New Opportunities

In 2016 the Provincial Government of British Columbia changed the Strata Properties Act to allow for the sale of Strata Properties when an 80% voting threshold is met amongst owners. Since its implementation, the number of Strata Assemblies or Strata Windup has increased significantly.

4 Solid Reasons You Should Sell

It is easier to cash in your pot of gold, and we can help you.


  1. Massive Value
    The growing demand for Rental Apartments means that investors and developers alike are looking for Multi-Family Rental Buildings with upside -- just like yours!

  2. State Of Disrepair
    Is your building falling apart? Looking at a massive assessment? Assembling your Strata may be the way to maximize profit, while limiting your costs.

  3. Rezoning
    Has your local municipal government just released a new Community Plan or Zoning Bylaw? Your Strata might qualify for a lucrative redevelopment.

  4. Maximize Profit
    Assembling your Strata as a group is the best way to increase your profit potential. This may be that winning investment you need.

YOUR STRATA PROBLEM

The wrong agent can cost you more than you know; so could doing it yourself.

  • MANAGING EXPECTATIONS
    By setting the price too high, or too low, could mean losing out on hundreds of thousands, or a fall-through in sale.

  • HIGH COST

    Strata Assembly is an expensive process, often involving legal, marketing and consulting fees that add up quickly.

  • HIGHLY COMPLEX
    Strata Assembly is a highly complex process that involves getting 80% approval. Any error could easily derail months, or years, worth of wok.
  • LACK OF INFORMATION
    Misinformation, or misrepresentation of information, can be harmful when trying to assemble a Strata for sale.
  • EXPERTISE NEEDED
    Without having the expertise necessary to assemble and market your strata, you end up losing more money on any deal.
  • LONE RANGER APPROACH
    Finding buyers and dealing with developers individually, breaks up the flow of information as well as the potential to really maximize the value of your property.

Selling Assessment Viability

A vote is carried out to assess how many owners would be willing to sell if a minimum price per unit is achieved.

Development Approach

A Development Approach is carried out to evaluate the value of the property, as well as to determine rezoning opportunity.

Vote To Hire A Realtor

Owners vote and decide on whom to hire to help market and sell the Strata in order to maximize return. 

Evaluate Received Bids

Owners evaluate received bids and vote on the best offer. Council enters into Letter of Intent with purchaser after receiving owner's approvals.

Accepting Preferred Bid

Owners vote on whether to accept the preferred bid or best bid submitted. A formal sales agreement is entered into. AGM is called to vote on a wind up resolution. 

File For Court Approval

If the 80% resolution is passed, a petition is filed with BC Supreme Court to get approval to liquidate the strata corporation, and the strata is sold.

 

Getting Court Approval

Court approves the sale and the owners are given a set timeline by which they must vacate the building, with funds distributed to owners.

Let Us Earn Your Trust

At the core of our business is our unrelenting belief that you deserve the best representation. Which means ensuring you will always have a positive experience, be empowered, informed, and a lot more wealthy when you work with us.

Our Mission

To unlock the hidden value of the land under your strata building, to empowering owners to make educated decisions to ensure the highest and best return for their property, while bringing new housing opportunities and density to the marketplace.

Our Values

Unlike most agencies, our every decision is guided by our values

  • To Communicate openly
  • To Empower your decisions
  • To Maximize your return
  • To Ensure a hassle free experience
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.