Posted by
paige on
January 31, 2012 |
No Comments
I’ve been to court 4 times in the last month seeking the court’s approval on foreclosure sales. All but one had multiple bids!
Balanced Real Estate Market?
Last year most of the foreclosure sales I attended did not have multiple bids. Having more than one bid usually means the price is going up. In the last 3 sales recently the prices were bumped up on multiple bids an average of $17,000 each! The higher prices help to maintain prices in any given strata complex or neighborhood. This is of course good for homeowners in the area.
More Kelowna Foreclosures coming?
Last year at this time we hovered at just over 100 court ordered sales. Today there are 153. The prediction is that there are more coming as those folks who need to sell and have been waiting for the market to change are finally faced with the fact that things aren’t changing drastically any time soon.
Foreclosure information
With 25 years Kelowna real estate experience and having handled a large number of court ordered sales and/or foreclosures I’m able to answer all you questions surrounding this process. A foreclosure or court ordered sale is much different than a regular arms length transaction. Call Paige Guernsey, an experienced Kelowna real estate agent, direct at 250-862-6464 for more information.
Talk to you soon…
Paige
Posted by
paige on
January 20, 2012 |
No Comments
KELOWNA HOMES FOR SALE
Everyone wants to get as much money as possible for their home when they list on MLS (R) . Usually people want their home to sell in the shortest amount of time, with the least amount of inconvenience. The trick to that, plain and simple, is working with your agent to find out all details of the Buyers Market we’re currently experiencing and pricing your home exactly at the right price.
By putting a price on your home that is reflective of the market, you will create excitement in the eyes of the buyer and they’ll bring offers. If your house falls into the rest of the pricing pack, it’ll just be another ho-hum listing. In other words, if a similar home to yours sold for $100,000, put yours on the market for $99,900 and watch the buyers come!
MLS REAL ESTATE EXAMPLES
Here is an example of a house that was overpriced to start with, followed the market down, and after 224 days on the market, sold for less than other similar homes sold for. On the other hand, here’s a perfect example of a house that was priced aggressively, and after 54 days on the market sold for 98% of the original list price. Quite a difference in results! Kelowna real estate statistics show time and time again, that pricing your home for sale with a proper price to begin with will net you more money that the old adage of “the buyer can always make an offer” because in today’s market… they don’t unless there’s a great reason to!
If you’re wondering what your Okanagan real estate is worth, call Paige Guernsey, an award winning Kelowna realtor direct at 250-862-6464.
Talk to you soon…
Paige
Posted by
paige on
January 11, 2012 |
No Comments
Everyone has heard about houses that have suites for rent. What most people don’t know about is how to make them authorized or licensed.
Basement suites in Kelowna
Here is the info and contact info on how to go about making your suite authorized to rent. The City of Kelowna wants to be able to provide affordable housing and real estate prices are still quite high for a number of people, so the powers that be want to be able to work with you to make it easier and affordable. If you’ve been “caught” with an unauthorized suite, here’s some information. If you’ve got a property in Kelowna that you’re wanting to add a suite to, check this out.
Basement suites in West Kelowna
The District of West Kelowna has come up with some fairly strict but fair guidelines for putting a suite in your home. They are very interested in everyone playing by the same rules and here are the guidelines if you’re looking at putting a suite in your West Kelowna real estate!
If you have any questions about buying or selling or how the value of a suite may increase the value of your home, please call Kelowna realtor Paige Guernsey direct at 250-862-6464.
Talk to you soon…
Paige
Posted by
paige on
January 4, 2012 |
No Comments
2012 Kelowna Property Tax Assessments are in the mail.
I received my home’s tax assessment recently and it’s the same value as last year. Of course, I wish it was down so I didn’t have to pay so much darn property tax in July! But I believe it signals a true sign of the coming weather conditions for Kelowna real estate. Now, I’m not saying that all real estate in Kelowna is going to remain the same value, we’ve all heard the saying “location, location, location”. But given a good location, the right price, and a clean home, now is a great time to be making a decision on whether to buy or sell a home.
A balanced market for 2012?
2010 was a bumpy year with sales being down month after month when compared to 2010. However, there were 3 months that were up on average a whopping 15.6% and those months were September, November, and December. Could it be the end to the buyers market? I’ll keep you posted on this question.
Vancouver trends
Kelowna historically follows Vancouver real estate with fewer spikes upwards and downwards.
Some of the best Kelowna locations
Check out some great Kelowna real estate that has Location location location or call Paige Guernsey, an experienced Kelowna realtor, direct at 250-862-6464.
Talk to you soon…
Paige
I’ve been to court 4 times in the last month seeking the court’s approval on foreclosure sales. All but one had multiple bids!
