Connect

Find us on...

Dashboard

Login using...

New Search X

All Topics - Kelowna Real Estate Blog

Found 19 blog entries about All Topics - Kelowna Real Estate Blog.

Here’s what you need to know about the government’s new first-time homebuyer incentive program.

Search All Homes on the MLS | Get a Home Valuation

What do you need to know about the government’s new first-time homebuyer incentive program? Is it something you should take advantage of?

Before I answer that question, I first want to say that I think it’s wonderful that our government is trying to stimulate the first-time homebuyer’s market. This market is critical to the health of our market overall because it’s the start of an important domino effect—entry-level homes need to sell so everything else can sell.

However, in order to qualify for this incentive program, you have to fall within certain parameters.

First, you must be a

14 Views, 0 Comments

What kind of market are we in right now? Allow me to explain today by sharing an update on current happenings, as well as a few common terms that will help you better understand what’s going on.

Search All Homes on the MLS | Get a Home Valuation

Have you ever heard a real estate agent use the phrase “absorption rate”? What about the terms “buyer’s market” or “seller’s market”? And if you have, do you know what kind of market we’re in?

Parsing out the meaning behind real estate jargon can be difficult for those who don’t work in this industry, so allow me to give you a quick lesson on these terms and phrases today, followed by an update on what kind of market we’re facing at a local level. Knowing what each of these things mean will make

633 Views, 0 Comments

how to hire a real estate lawyer

It doesn't matter if you're a first-time buyer or a seasoned property investor, home ownership can be one of your biggest assets in life or the biggest liability. Handling transactions of this magnitude should involve the professional counsel of a lawyer who will make sure your rights are protected, and help you understand all of the legal jargon and paperwork that's involved in the homebuying process.

Here are some easy tips to ensure that you find the best lawyer for your Kelowna real estate transaction.

Do You Need A Real Estate Lawyer/Notary Public to Process Your Home Purchase?

Before we dive into listing what you need to look for when hiring a lawyer or notary public, let's review the reasons why you should hire a professional to

1,101 Views, 0 Comments

house flipping in kelowna, bc

Is There Money to be Made in Flipping Property?

So, you're thinking of investing in property to flip? At Vantage West Realty, flipping property is one of our favourite aspects in the real estate business to consult clients on. Since this type of investing is something we have engaged in for over a decade in numerous projects ourselves, we believe we have the necessary "real world" experience to comment on the full gamut of this sort of venture. Acquiring and renovating property can be incredibly rewarding and it's our pleasure to share what we've learned after many successful flips for both ourselves and our clientele.

Let's Get Right Into It - What is a Fixer Upper?

If you are unacquainted with the term, a "fixer upper" is a distressed

4,382 Views, 0 Comments

The market it is hot again and just as we saw membership in our profession balloon from 2004 till 2008, we are seeing it again with no slow down in sight. Personally I welcome this new breed of professionals into the industry. It is the new blood that innovates, pushes the industry further and prevents stagnation. As an old battle worn ninja, yet still young enough to relate to the new class of white belts coming entering the business with zero clue what to expect. I give you the class of 2017 these pearls of wisdom all learned the hard way at the world's most expensive yet least prestigious school of hard knocks.

1. Guard your reputation in the industry with your life.

It's not enough to just do right by your clientele. You need to make sure

589 Views, 0 Comments

kelowna-real-estate-telescope

Must Do 1: Consult a professional REALTOR®

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

1,132 Views, 0 Comments

3-questions-kelowna-bc-real-estate

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

483 Views, 0 Comments

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.

aj-hazzi-colin-basran-kelowna-real-estate

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 cycle, and more importantly, what’s coming next. Since the market always moves through 3

5,619 Views, 0 Comments

Like clock work, every time the market cycle heats up, the opportunist in us comes out to play.

The slow-and-steady-wins-the-race mentality gets abandoned as people chase the sexier, faster buck.

Great people with admirable intentions to do right by their families look to “invest” some of the freshly minted equity in their home into something that has the potential to pay off big.

The right idea, but lately the conversation has begun to shift from solid, yet agreeably less sexy investments like single-family homes with suites, and duplexes, to this idea of “buying” three units in the latest pre sales condo development. 

The thinking is: I could spread out my $150,000 by putting deposits on three units and then in a year or two, when the

828 Views, 0 Comments

Hands up! Who Wants to Get Toured Around in a Limo and Shown the Best “Fix for Profit” Properties on the Market in Kelowna? Join us on our monthly Ugly House Tour where we chauffeur you to the 5 best ugly houses with fix for profit potential. It's a no pressure atmosphere, focused on educating you about this incredibly lucrative sector of the Kelowna real estate market. Whether you're an experienced property investor or thinking about taking on your first project, enter your name and email now to pre-register and we will send you our upcoming dates with all the details. There is limited space on the limo so please fill out the form below to reserve your spot today!

1,107 Views, 0 Comments