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Kelowna Real Estate Blog

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Must Do 1: Get a consultation

As I stated in an earlier blog titled “Sellers: 3 Must-Ask Questions for Your Realtor”, if you’re planning on selling and looking at doing some improvements beforehand, we can’t emphasize enough the importance of getting a consultation first. Talk to the pros. Professionals know the market, where it’s heading, what buyers are seeking, and how to help those buyers tick off all the right boxes in the most cost effective ways. The most important strategy is to base your decisions on what buyers are looking for. You must not base your renovation decisions on your own personal tastes – your likes and dislikes. The key is to make those choices based on what the broadest range of buyers are looking for so you can improve your

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Question 1: Where can I invest 2-5k so I can see a return of 10-20k when it sells?

So where are the smartest, most strategic, return-centric places to spend your investment dollars if your exit strategy is a sale – whether a quick flip or a decision to sell? We can’t emphasize this enough - get consultation. Talk to the pros. Professionals know the market, where it’s heading, what buyers are seeking, and how to help those buyers tick off all of the right boxes in the most cost effective ways. The most important strategy is to base your decisions on what buyers are looking for. You must not base your choices on your own personal tastes – your likes and dislikes. A consultant will guide you through that process and keep you focused.

It’s not

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Fear & Greed And other emotions that kill smart investing strategies

 

I recently had the privilege of speaking at the mayoral state of the union address.  Amidst all of the optimism surrounding our region and the seemingly endless growth and opportunity, I wanted to deliver a dose of practical realism to the group as we move through a predictable cycle.  There’s a fortune to be made in real estate if we detach from the emotion, and become strategic and proactive in our approach.  This article is an expansion on what I shared with the group.  It’s precisely what I am doing inside my own portfolio.

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At my firm we are tracking all 17 market drivers and a dozen different market influencers, so that we know exactly where we are in the

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