Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Nov. 8, 2021

Selling your Property in Kelowna

When it comes to selling your property in Kelowna, there are many things to consider.

  • Staging
  • Pricing
  • Viewings
  • Marketing
  • Tips and tricks

Please watch my video as I walk you through things to consider before you list your property for sale in Kelowna!

As always, if you would like to work with me, I would be happy to assist and guide you through the process.

 

Posted in Home Sellers
Nov. 4, 2021

First Time Buyers

First Time Home Buyers

Wading the waters of buying your first piece of Real Estate is confusing and daunting. The reason a Real Estate Professional is such a great resource, is because they have the experience, they know all the ins and outs and can guide you through the process.

First Step:

The first MOST important step to buying your first property, is the get PRE-QUALIFIED. You need to know how much you qualify for based on the following:

  • How much of a down payment do you have access to? Some forms of down payment are
    1. Gifted Down Payment - can come from your family, does not need to be repaid
    2. Savings - hopefully you have been saving for a long time and can verify this via bank statements
    3. Borrowed Down Payments - there is a program that will allow you to borrow the money, as long as it fits into your debt service ratios
    4. Canada First Time Home Buyers Program - this allows you to use your RRSP as a down payment
  • Do not think that an instant pre-approval from a bank is a "real" pre-qualification! You need to show all support documents to get an "actual" pre-qualification. This means that you have a firm approval and a rate hold on the mortgage. I can help, visit my Mortgage Website for more information, and I can get the process started for you.

Second Step:

After we have secured your Pre-Qualification, it's time to discuss your wish list, what do you  want in a home? Condo? House, townhouse? Once we finalize the details of the maximum purchase price, neighborhood, and desired amenities, we can set you up with an automated search. As you can see from my website, you can really narrow down what you want to have delivered daily, for properties. Taking into consideration how hot the market is in the Kelowna area, it's important to stay on top of this. 

Making an Offer:

Once you find the home that you love and want to make an offer on, we sit down and look at all the past sales in the previous few months, and determine a fair offer. It's now that you can decide the closing date, when you want to move in! You will have a financing condition, which means we finalize and secure the mortgage on the purchase property. You had to get pre-qualified, now the lender just makes sure the property is approved (value) and we settle the final details and sign the papers. You will also have a home inspection condition, so that you can hire a professional home inspector and make sure there are no problems with the property. Once all of the conditions that we set for the purchase are fulfilled and waived, you are the proud owner of a new property! 

Wading the waters of purchasing real estate is not simple. There are many facets to it, and with the help of an experienced Real Estate Professional to guide you, it should be one of the most exciting times in your life. I would love to assist you, feel free to reach out and let me work with you to make your home ownership dreams come true! 

Posted in Home Buyers
July 31, 2017

Curious About Local Real Estate?

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates