Tagged : sellers

Found 272 blog entries tagged as "sellers".

Canadians and Covid19 finance tipsIf you have questions about the coronavirus and how the current situation might impact your finances, you’re not alone.

We’ve all heard the words “unprecedented times” more than ever over the last month. While we deal with so much uncertainty around us, it’s important to recognize that there are still actions we can take to help protect ourselves.

With financial markets crashing and the loss of a number of jobs, Canadians are questioning their financial future. It is yet to be determined the real economic impact of the coronavirus as data is changing quickly with limited time to analyze. There are indications that joblessness will increase in the short term, which can be scary; however, the government and lenders are stepping up to aid households in

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Costs of selling your Kelowna Real EstateYour Comprehensive Cost List for Selling

If you’re thinking about selling your home, you’ve most likely thought about the cost of selling a house in BC and what that calculates to exactly. This article helps to break down the cost of selling a home so that they can estimate what your take away profit will be after everything.

Home Preparation and Staging

You only get one chance to make a first impression, and in real estate first impressions are everything. In a hot market, like we have in BC, there are many buyers that only get to see a home once at an open house before they put an offer on it. Many buyers are seeing 10-12 homes on average per showing day, which means you have to stand out from the crowd. Sprucing up the home before you take

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BC real estate newsSharp drop in B.C. home sales should be followed by steady recovery: BCREA

Ban on open houses foreshadows short- to mid-term trouble for property sales, as COVID-19 infects all aspects of the market

As COVID-19 makes its way around the globe, it is also bulldozing its way through the economy.  While airlines and event venues were the first to be infected, many are anxious about how the virus will affect other parts of the economy, including the real estate market – which made up 17.4 per cent of B.C.’s GDP in 2018.

Earlier this month, B.C. real estate brokers cancelled all open houses. When houses aren’t shown they become more difficult to sell, and when houses aren’t selling the broader market suffers. While the outlook doesn’t look good, it is

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Downsizing in KamloopsAre you considering down-sizing?

Don’t wait to downsize

If you have been thinking about downsizing, it’s probably time to do it. There are lots of reasons that people decide to give up their large homes; their kids have moved out, they have paid off their home, they are tired of cleaning so much house, or they don’t want the upkeep of a large outdoor space. If any of these reasons have crossed your mind, don’t hesitate.

Downsizing takes a little preparation and often people wait until there is an illness or a family crisis that forces them into a rushed move. It’s better to move while you are healthy and can take a few months to plan. It’s never ideal to deal with moving and a family crisis simultaneously if you can help it.

What should you be

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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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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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Managing your moneyThe cost of owning a house and starting a family just might be the lost opportunity to get a good head start on saving for retirement.

With the March 1 deadline for contributions to registered retirement savings plans just ahead, it’s a good time to look at how to balance life’s biggest financial responsibilities. Home ownership, starting a family and retirement saving – can you do it all?

In cities with reasonably priced housing, you certainly can. But in expensive markets such as Toronto, Vancouver and their satellite cities, only high earners will manage this balance. Something will have to give in the household budgets of everyone else, and it’s probably going to be retirement saving.

There’s more to this than the average $770,745 cost of a

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Real estate association offers optimistic forecast, saying buyers are gradually “adjusting” to mortgage stress test

Home sales in B.C. are likely to rise slightly this year, and more in 2020, according to a forecast released February 25 by the B.C. Real Estate Association (BCREA).BC home sales 2019

 

The association said it expects residential sales in the province to rise two per cent to 80,000 units this year. This follows a slow 2018 in which 78,345 homes traded hands on B.C.’s MLS®, which was 24.9 per cent lower than in 2017.

BCREA also predicted home sales to increase a further 6.9 per cent to 85,500 units in 2020. This would be a very normal level of activity, as the 10-year average for home sales in the province is 85,800 units.

 

The association

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Kamloops SeniorsFollow This Simple Recipe to Safely Age in Place

Written by Karen Weeks for Kamloops Property For Sale.

Most of us want to remain in our homes throughout our senior years. Thankfully, there are often simple home modifications to help turn that goal into reality. Here are some key ingredients in creating or finding an appropriate home for aging in place.

Older and Better

As the general population ages, the housing market is working to keep up, and many people are choosing to remain in their homes throughout our golden years.

In order to realize that goal, many people are making their homes more accessible to accommodate the changes minds and bodies experience with age. Some people are referring to the trend as “aging in place,” some call it

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Cost of borrowing in KamloopsThe cost of borrowing for a home is predicted to get a little cheaper this year.

That's according to the latest mortgage rate forecast from the B.C. Real Estate Association.

"The average contract rate for 5-year mortgages has declined about 30 basis points from its peak in 2018, reaching 3.44 per cent in March," the BCREA states in a two-page report. "Unfortunately, this still means a stress test rate of 5.44 per cent, even for the highest quality borrowers."

However, the association points out that if five-year bond yields remain at the current level, "a 5-year qualifying rate of under 5 per cent should follow suit." The contract rate refers to the interest percentage listed on the face of a note or a bond.

The qualifying rate refers to a

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