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Kelowna Real Estate Blog | Kelowna Real Estate News & Information

How do you choose the right agent for the job of selling your home? There are 10 key questions you should ask before hiring any real estate professional.

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There are 10 questions you should ask when interviewing a real estate agent for the task of selling your home. Interviewing multiple agents before you choose one to work with on the sale of your home will be critical to your success. Doing so will help you determine who is most worthy of taking your largest asset to market. To learn more, watch the short video at the top of the page. 

"Interviewing agents will help you determine who is most worthy of taking your largest asset to market."

If you have any questions or would like more

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Many are wondering whether our market boom has passed. Today I would like to get to the bottom of this by taking a critical look at current conditions.

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It seems that everyone has an opinion on the current state of real estate. Today I would like to address one much-disputed question in particular: Is the boom over?

Some say yes, while others say the sky is falling. But what is really going on? Let’s get to the bottom of this.

First, let’s look at how we got here. At the beginning of the year, new lending rules implemented at a federal level diminished the average person’s borrowing power by around 25%. Shortly after that, our new B.C. government unrolled their affordable housing plan.

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If you want to sell your home for the most money possible, getting multiple offers is a great way to go. Here are five steps you need to take before listing your home to ensure that happens.

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Recently, sellers have been calling us, asking, “How do we make sure our home sells with multiple offers?” Today I’m going to address five steps you can take to increase your chances of receiving multiple offers on your listing.

  1. It begins with a consultation. You’ll want to schedule a consultation with a real estate professional well in advance of listing because it revolves around things you can do to the property to raise its value. This includes things like painting, minimization, altering decor,
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Now that flipping homes has made a resurgence in popularity, I want to give you advice about how to do it properly.

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Today, let’s talk about something near and dear to my heart—flipping homes. This is something that I consulted many people on about 10 years ago during that last real estate boom. During the slump, it went out of style, but here we are again at the height of another real estate boom.

Flipping homes makes good sense in this market, so today, I’ll be giving you an updated version of the right way to flip homes.

A lot of people make the mistake of just buying a home, adding a profit margin, and then just taking a price that they think they’d need to justify the whole

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Will the new British Columbia budget heavily impact the real estate market? Here’s what you need to know.

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Today, we’re going to discuss the new BC budget and what the potential impacts are to our real estate market.

1. Foreign buyers tax. The foreign buyers tax has increased from 15% to 20%. The interesting part is that it now includes us, where we were exempt before.

2. Property transfer tax. Properties over $3 million will now have a 5% transfer tax. If you buy a $3.5 million house, you’ll see about another $2,500 on your transfer tax bill. Is that going to dissuade someone at that price point? Not likely.

3. The BC Home Partnership program, which was giving first-time buyers a

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Don’t fall for these bad ideas if you plan on investing in real estate in 2018.

 

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2018 is a new year, which means new opportunities. However, there are a few bad ideas that you should avoid this year.

1. Do not get your information from the media. You probably clicked on this video because of the negative headline, right? Keep in mind that almost every economist, from the Bank of Canada to RVC to the credit unions, expects 3% to 7% growth this year. That is not much of a headline, so the headlines will all be about bad news because bad news sells. Look at economic models to know what’s really going on. Of course, we’ll continue to roll out our educational videos about the actual

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The Vantage Report - Kelowna Real EstateGet the lowdown on Kelowna's new RU7 Zoning and what to expect from Kelowna's Real Estate Market in 2018.

Have you checked out our latest edition of The Vantage Report yet? If you haven't received one of the coveted Vantage Reports in your mail box this past week - the full version is also available right here, online! Click Here To Read.

Our latest report is packed with statistics specifically related to the Kelowna housing market in Q3/Q4 of 2017. Throughout the 56-page report, we reflect on what's happening in the marketplace and make well-informed predictions about the type of real estate market we're likely to see in the months to come!

There are 15 Kelowna neighbourhoods discussed in the report - From Lake Country and the University

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CONGRATULATIONS KELOWNA, REIN CANADA IS COMING BACK!

You did it! You came out, you brought colleagues, friends and family. Most importantly, many of you saw the value of being a REIN member and joined the community. So we are happy to announce that we will be continuing with a regular member meeting in Kelowna!

NEXT MEETING FEB 27, 2018 - DELTA GRAND HOTEL

If you are a current REIN member please click the REIN MEMBER link below.

Never been to a REIN meeting but like to find our what we are all about? Simply click the Come As Our Guest button below and we will cover ticket price.

 

 

 

 

 

There is an immense power when a group of people with similar interests gets together to work toward similar goals.

Our REIN

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Be Sure to click "Read Full Post" below to watch video.

By now, you’ve probably received your property tax assessment in the mail. You may have mixed feelings about the large increase we’ve seen in property values lately, so I want to dispel some common misconceptions about property tax assessments.

A lot of people assume any increase in their assessment will equate to the same increase in their property taxes. In other words, if their property’s value goes up by 20% in their assessment, then they’ll see the same 20% jump in their property taxes. That’s not the case, though. How property tax assessments are done is a little more complicated than that.

Assessors also take into

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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

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