General

It’s Spring!

It’s Spring!

March 11, 2014

You may have heard about the dramatics of real estate in the Spring, but I’ve always looked at the season as the most exciting time in my industry. Homes are sold before you have a chance to view them on MLS, your Realtor is calling you at all times of day or night with the hottest new listing & you’ve added the Century 21 app to your home page; it’s buying & selling season.

A few things to consider as we march into the industry of buying and selling homes during this time:

1. Is your home priced properly?
2. Are you willing to enter into a multiple offer situation?
3. Must you wait until the weekend to check out that ‘hot new listing’?
4. When hunting and you come across a fantastic home, but continue to look, how upset will you be if you find out someone else has put in an accepted offer?

A few things to get you organized & ease any anxieties you may have about this wonderful process:

1. Get pre-approved with a Mortgage Broker. They will need certain documents such as pay stubs, NOA’s, employment letters etc. so get these things together and you’ll be ahead of the game!
2. Ensure your Realtor sets you up on a Personal Clients System so you’re being e-mailed listings immediately as they pop up on MLS, not reading about them in the paper later that week.
3. Make sure your Realtor knows just what to look for and is clear on your wants & needs in a home.

I don’t write this article to get you anxious and lose sleep at night but the complete opposite, to get yourself prepared and organized so you’ll learn to fall in love with real estate in the Spring as I have. Happy Buying & Selling!

Multiple Offer Situations

Multiple Offer Situations

January 8, 2013

It’s easy to simply back out of a home you would love to make an offer on because you’ve been told there is other interest, but is that what you really want? It doesn’t have to be a taunting situation if you are prepared, you have a good Real estate Agent and you truly love the home.

1. Ensure you are financially secure beforehand. Perhaps you’ve been pre-approved by a mortgage broker and/or you’re not depending on the sale of your current home as a subject.
2. Know who your other Buyers are and have your Real Estate Agent check out the competition.
3. Perhaps have an inspection done so you don’t need to include it in the Subjects and your offer will look much stonger to the Seller.
4. Most importantly, ensure you know where you stand with budget. Decide on a number you will be happy with and one you wouldn’t be happy with. In the end, if you lose the home over $2,000 you will be able to sleep at night.

What to spend your big dollar$ on!

What to spend your big dollar$ on!

September 4, 2012

Furnishing a new home is a daunting, not to mention pricey, endeavour. Before you dig deep into your pockets, take stock of what’s needed and follow this list, outlining where to spend and where to save when purchasing furniture for your home.

Dine Like Royalty

When furnishing a home, think of the pieces that get the most action and invest in quality pieces that’ll stand up to all that wear and tear. Dining tables and chairs are constantly being moved around and spilled on, so look for pieces made of hardwood, that won’t chip, break or bend. Don’t be afraid to really test the pieces before you buy (sit down and take a load off!) and examine the legs of chairs and tables to ensure they won’t wobble. Consider how many people will be using the table. If you entertain often, consider buying a table that can expand with drop leaves. They’re totally worth the investment, especially if you foresee big family dinners in your future.

For great quality and design, expect to spend around $1500 on a dining set, though with a keen eye for detail and quality, you can easily spend less.

Sleeping Beauty

If humans spend one third of their lives sleeping, why aren’t we making it the best sleep possible? Invest in a good quality mattress and you’ll never regret it, even if you cheap out on a frame: the mattress and box-spring are what really counts. Look for mattresses with a high coil count (this is the number of springs in the mattress) and thick gauge (this will determine how quickly the coils may sag, leaving you with a lumpy and bumpy sleep). Before purchasing, test it out (awkward but a must!). Examine the mattress for perfect seams and tight, even quilting.

When you consider how much time you spend on a mattress, and how important a good quality sleep is for your health, spending upwards of $1500 isn’t so scary, but do your research and find one that you’ll feel confident resting your head on.

Couch Potato

You probably spend more time on your couch than you’d like to admit, but just like your dining set, it needs to withstand a ton of wear and tear, so go the extra mile, and invest in a couch that’ll hold up under your marathon HGTV sessions.

Important things to keep in mind when investing in a couch are comfort, durability and stain resistance (balancing chips and a soda, while playing Wii is sure to put that to the test). Look for goose down combined with feather fillings for the cushions. It’s pricey, but the pillows won’t flatten (though they will require fluffing!). Examine the legs. The most durable legs will be part of the frame, but as long as they’re attached with screws or dowels they should be OK, too. Pass on any that are attached with glue. The frame itself should be held together with wooden dowels and corner blocks. Any frames held together with glue, nails or staples will give out faster than the opening credits during movie night.

For a top of the line sofa, expect to pay around $2500 to $3000.

Kitchen Confidential

A quality oven can be the difference between perfectly smoked tenderloin and a dish that goes up in smoke. Research brand reputations and always go for gas over electric when you can. It produces an even heat and allows instant control of temperature. Don’t forget to take into account the features that are important to you, like a warming drawer or a self-cleaning option. These little features can make a world of difference, especially if you like to cook and entertain regularly.

For a top of the line oven, consider spending anywhere from $2500 to $5000.

New Home Tax & Rebates

New Home Tax & Rebates

July 17, 2012

Tax; it certainly isn’t a fun topic for either side when buying a new property but there may be useful tips to make the process a bit smoother for Buyers & Sellers alike. When you’re purchasing a new home you must look into government programs and rebates you qualify for when considering your budget. First Time Home Buyers can qualify for a rebate of up to $10,000 if they purchase before April 2013. As a Seller deciding whether or not to include HST in your listing price can be crucial. You’ll want to speak with your Real Estate Agent about comparable new builds and whether or not it is more appealing for a purchaser. In any case there are rebates to be applied for. I found a great calculator online, keep in mind it’s just an estimate and you should consult your accountant or notary/lawyer for specific calculations based on your own qualified rebates. Cheers!

http://www.rosborough.com/bc-real-estate-new-home-hst-calculator.html

http://www.servicecanada.gc.ca/eng/goc/gst_new_housing.shtml/

Buying Abroad…

Buying Abroad…

January 26, 2012

It wasn’t so long ago that the last thing on a U.S. Realtor’s® mind was attempting to divine the motivations of potential Canadian buyers. But times have quickly changed and Canadian investors are becoming more fierce and looking for opportunities to put them ahead of the pack. People usually opt to go abroad, and usually to a sunny place!

According to the National Association of Realtors®, non-residents of the United States accounted for some $41 billion (all currency in U.S. dollars) of real estate purchases in 2010, and as of late 2011, 23% of all international sales were to Canadians, up from just 11% as recently as 2007.

If you’re interested in making an investment or perhaps just a vacation home, let’s talk!

Think of your future…

Think of your future…

January 20, 2012

You may have thought about selling your home in the last year or two and decided against it as the market is low and you feel your house wouldn’t sell for top dollar. I would like you to reconsider. Depending on the area of town you are currently residing, it may be in your best interest to think about the future as an investment and not the present value.

If you were to sell your house today (with minimal net profit) but purchase a home in a thriving area of town (at a much lower market value than say 8 years ago) in another 10 years when Kamloops’ popuation hits 100,000, you could be sitting on a true “gem”!

Real Estate is the one industry that has never let us down over the years, although it has it’s stubborn moments (such as any teenager does) it always rises with time and gets you good return when planned out properly!

Stage(fright)

Stage(fright)

January 19, 2012

Would you wear sweatpants on a first date? Of course we always want to make a good first impression and it doesn’t stop with people, you guessed it; Real Estate!

Staged homes sell 85% faster than non-staged properties (Source RESA 2010 survey)

Well staged listings stand out and are viewed as well maintained in prospective buyers’ minds. It’s easier for the buyer to envision themselves in a nice home, and easier to spend more money when they feel the home is diverse in style.

My apologies if you just came back from that sushi restaurant 3 hours earlier than you had planned. Perhaps she just doesn’t like Gemini’s!

New Year’s Assessments

January 18, 2012

It’s easy to get frustrated when learning about the opinion held of the value of your home coming from the BC Assessment Authority, but it’s simply not worth it. You probably wouldn’t list your home at this price, let alone agree with it. At the end of the day the lower your home has been assessed, the less you’ll be paying in taxes. This means you’re free to laugh it off and feel more like you’ve profited and less like you (and your home) have been let down.

If you’re interested in listing your property and would like to have a proper evaluation done of your lovely home, please give me a call and I’d be happy to set up a convenient and friendly meeting. Cheers to a prosperous 2012!

Bonjour!

January 18, 2012

BLOGGING It’s quite wonderful how the English language is so progressive and always punctual. Personally, I love the creativity of online social media garble. With that being said, please join me & welcome to my “blog”!

I like to keep these types of things light, informative and honest. Along the way you’ll be able to keep updated and enlightened with regards to the Real Estate Market (specifically Kamloops, BC). Looking forward to your conversation and comments. Cheers!

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Kamloops Real Estate Board.

Trademarks used under license from CREA.
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