Kelowna Property For Sale Real Estate Blog

Kelowna NeighbourhoodsSo you’re looking to buy a new house – and pouring over all of the great real estate offerings in the Kelowna Area.

Each property slideshow conjures images of a new era of domestic bliss in your mind. It’s an exciting time, full of possibilities. But while you’re envisioning yourself in that new place, don’t forget to consider the big picture. You’ll be calling a new neighbourhood “home” too.

Read on to determine what information you need to know about choosing your new neighbourhood.

It’s not merely a question of “good neighbourhoods” and “bad neighbourhoods”. What you want, ideally, is a neighbourhood that offers the specific qualities required to enrich your life (both now and during the years to come). Those requirements will vary greatly

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Kamloops Home InspectionHome inspections are a huge part of buying and selling a home.

While in most cases a home inspection is optional, it’s highly recommended by experts so you can be aware of the home’s condition and potential problems. One of the most common pitfalls new home buyers experience are issues with the home they didn’t know about but could have been fixed prior to closing. Remember, if you have an inspection before purchasing a house, the issues are the seller’s, but if not, the buyer, you are responsible.

One of the most common subjects to a real estate transaction is the home inspection. An inspector’s report is often the deciding factor to move forward with a purchase and can be used to renegotiate the sale price or allow sellers to make repairs. It can

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Kelowna Real Estate FactsIf you are in the market to sell or buy a property, you may have some incorrect misconceptions.

We decided to debunk some real estate myths that may be impacting your search. Consider these as guidelines for buying and selling.

Myth One: Listing your home for more than what you expect to receive will net you the price you want.

This is often considered room to negotiate. But it’s a mistake you don’t want to make. Listing too high may actually net you a lower price. Why? Because buyers and agents often won’t even look at homes priced above market value. You always have the option to reduce the price after a few weeks, but that’s not a situation you want to be caught in. A price reduction can signal to buyers that there are problems. Even in a low

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Canadian RRSPStill trying to figure out this RRSP thing? You’re not alone.

It's that time of year again - time to make the most of your RRSP contributions before the clock strikes twelve on March 2, 2020

The Registered Retirement Savings Plan, known simply as the RRSP to most, is a great tool for saving money. RRSP contributions are tax-deductible, which allows you to delay paying taxes on that income until you retire, when you’ll likely be in a lower tax bracket.  If you don’t know a lot about RRSPs, it’s time to educate yourself.  Unfortunately, our high cost of living and competing financial demands can make it challenging putting money aside. But hopefully that won’t deter you from figuring out how to make the most of what you have.

There are times when

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Rent to own in CanadaRent-to-own is an alternative route to home ownership for those who can’t obtain financing due to poor credit or because they don’t have enough money for a down payment (or both).

Most Canadians probably haven’t heard about rent-to-own housing. Unlike the U.S., this arrangement is still not that common in Canada.

What is a rent to own home?  It’s pretty much exactly as it sounds.  It’s where an investor, or home owner, rents out their property to a tenant, but gives the tenant the “option” to purchase the home after a certain period of time at a predetermined price. The idea is that you rent a home for a certain period of time with the goal of buying the property at the end of your lease. If all goes according to plan, by then you’ll have repaired

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British Columbia AcreagesThe Province is proposing more residential flexibility for people living in the Agricultural Land Reserve (ALR) as outlined in a new policy intentions paper released Jan. 27, 2020, by the Ministry of Agriculture.

In order to support farmers and non-farmers living in the ALR, government is considering regulatory changes to enable landowners to have both a principal residence and a small secondary residence on their property, provided they have approval from their local government. ALR property owners would not be required to apply to the Agricultural Land Commission (ALC) for approval.

“We are continuing to do the work necessary to help farmers farm and protect farmland for future generations,” said Lana Popham, Minister of Agriculture. “The ALR is

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How to choose your Kelowna Realtor

Are your instincts telling you that you have the wrong Realtor? Trust those instincts and watch out for these telltale signs you’re working with the wrong person

There are many wonderful REALTORS® out there who work hard for their clients and help them with every detail of their transaction, but this type of service isn't always guaranteed.

Perhaps you’re preparing to list your home or currently searching for a new one. Either way, it’s absolutely essential that you hire the right Realtor for the job. The home purchase and sale process can stress out buyers and sellers, including their agents and brokers. This stress can be caused or amplified when personalities clash or when the real estate transaction does not go as planned.

Your agent will

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Kamloops Septic Systems ExplainedThis article provides you with advice for people who are considering the purchase of a home with a private septic system, both in terms of testing and inspecting the system to make sure that it is functional and passes local standards of operation.

Obviously, there is no test that will guarantee that all of the defects have been purged from a septic system. However, regular inspections can minimize your chances of getting septic failure – which can lead to hazardous conditions and significant cost for repairs – not to mention provincial fines that come when you have let your system get out of inspection.

So, as the buyer, there are several questions you should ask about the system.

  1. How long ago was the property built?
  2. Does anyone occupy the
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First time home buyerBuying your first house can feel overwhelming, but it’s oh-so-worth-it to leave the rental life behind.

We break down the process for you to help get you on the right path to living in your dream home.

1. Save, save, save

First things first: You need to start a savings fund for your home purchase. “Home buyers should have at least 10 percent of the purchase price of the home in their savings account,” says Randall Yates, CEO, The Lenders Network. “In addition, lenders like to see at least two to three months’ worth of mortgage payments in reserves.”

There are also different types of mortgage programs available for new or low-income buyers that require a lower down payment, so be sure to research your qualifications for these programs while

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Kelowna Real Estate MarketGetting ready to sell your home in Kelowna?

Here are a few real estate tips to think about before you do.

Know your local Real Estate Market –  What are the driving forces in the current Kelowna real estate market? If you do not know, make sure your Realtor knows, if they do not know, find one who does. The focus in Real Estate always has and always will be local, and in order to sell your home, it is vital to know what the local trends here in Kelowna are.

There is nothing convenient about selling a home – You're going to have to get your home ready to sell. You're going to have to do some packing. Your normal living schedule will be interrupted by prospective buyers. The upfront knowledge that you are going to be inconvenienced once you have

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