Tagged : Kamloops real estate

Found 82 blog entries tagged as "Kamloops real estate".

Kamloops Real Estate NewsBetween rising home costs, low inventory and the prevalence of all-cash offers, potential home buyers will readily tell you: It’s rough out there.

So if you’re lucky enough to find an affordable house you like, you may feel the pressure to make an offer right away.  Not so fast.

Before you put down that deposit, don’t forget to carefully inspect the home—even if it appears to be in good condition. “Looks can be deceiving,” says Leslie Piper, a consumer housing specialist for Realtor.com. Of course, there are some flaws you can ignore, like outdated appliances and misguided paint choices. But there are others that might be true deal breakers. And if you overlook the wrong ones, your new home can quickly become a money pit, says Ilyce Glink, a real

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Buying a foreclosure in KamloopsOnce upon a time it was possible for buyers to identify a bank foreclosure from a mile off.

They were often run-down, stripped-to-the-bone and abandoned buildings which looked completely uninhabitable. However it’s a different ball game today, as many banks now choose to renovate their real estate owned (REO) properties before listing them on the market for end users to purchase. This prevents investors and contractors from making a lucrative profit through the bank’s loss.

Banks are cleverer these days, and they understand that the market has improved significantly in recent years, so they won’t come across as desperate anymore. Instead of trying to sell as quickly as possible, they look to minimize their losses. This ultimately creates both

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Kamloops Property ValuesI am frequently asked from home owners (as well as some buyers) what is the difference between an appraisal and the assessment value of a property?

The two are completely different and are used for different reasons. They have no correlation to each other at the current time. KAMLOOPS 2017 Property Tax Estimator

Assessment Value

What is Property Assessment?

Property assessment for taxation purposes and its administration is a complex and technical process that is vital to the financial health of local government. Property Assessment is the process of establishing a dollar value for property for property tax purposes. Property tax is an “ad valorem” tax based on the principle that the amount of tax paid should depend on the value of the

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Kamloops Real EstateAre there any great houses for a good price?

I have written before to advise home sellers about some of the key things they can do to improve the marketability of their properties. However, awareness of these same principles can also help the sharp-eyed home buyer to land a great place at a bargain price. The crucial thing, always, is to remember what’s important in a home, and what isn’t. Some of the apparent “problems” with a property may actually be very easy to fix. As always use your professional Kamloops Realtor to help you uncover a great property that is right for you.

Here are some of the ways you can find a great deal by disregarding some of the relatively minor problems with a home.

Some of the relatively minor updates needed for

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Low Housing InventoryIf you’re like many Canadians, you may still have a perspective of the real estate market influenced by media coverage of the 2008 crisis. However, real estate is always subject to cycles, especially around growing and expanding communities like Kamloops. The reality is this area is now facing a looming shortage of housing inventory. If your a buyer moving to the area it is key to find a local experienced realtor who can get you up to speed on your knowledge of Kamloops real estate market, its not all doom and gloom as we show in this article. IF you are a seller then the local "know-how" of a realtor is key in getting your house listed at the correct price with the best exposure possible.

From the Bank of Canada to local real estate firms, the level

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Kamloops Multiple OfferMultiple offers are a very real occurrence in the Kamloops real estate market right now. 

We are hearing about the low inventory of houses in Kamloops which is leaving buyers missing out on their choice of house due to losing a multiple offer bidding process. A good realtor who is on the ball and gets you into seeing the properties as soon as possible is a great asset but when there are a number of hard working agents in Kamloops sometimes it can come down to the offer itself and the negotiating ability of your Realtor.

So what can you do if you find yourself in multiple offers that will increase your chances of making the sale happen for you? You will want to secure the property but not over pay for it, by balancing the below tips and getting your

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21 Staging tips for your Kamloops Real EstateIf you are planning to put your house on the market this fall, it goes without saying that you are hoping to sell your home as quickly as possible and get your asking price.

Set the stage for success with these 21 tips for styling and upgrading your home, and see results — fast.

21. Think seasonally. Make sure your garden is in beautiful shape in the summer, and that any extra features you have, like a pool or a fire pit, are cleaned and ready to go. Take advantage of the cozy vibe of the season in autumn and winter, by building a fire in the fireplace and simmering hot apple cider on the stove.

20. Stage the outdoors too. Even if your condo has only a teensy postage stamp–size balcony, play it up with a cute café table and chairs, a cheerful

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Motivtaed sellerIf you’ve been perusing house listings online or have begun your search for your dream home, odds are good that you’ve run into the term “motivated seller” on more than one occasion.

This is a somewhat strange term to use to describe the seller, since you would think that every seller would be motivated. If they’re not motivated, then why are they selling? Motivated sellers are selling for different reasons and the use of the word “motivated” is supposedly enticing to buyers. Before you get drawn to a listing put up by a motivated seller, you should have a clearer understanding of what a motivated seller could actually be. The following are three different types of sellers that may refer to themselves as motivated sellers, and how to deal with them:

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Sell your Kamloops Home FastHow To Sell Your Home Fast!

There may come a time where you find yourself with an urgent need to sell your home. It may be because you have to move for a job, a change in family situation, or something else requiring you to move out of your home as quick as possible. For most people moving out of their home also involves selling their home so they don’t have the added burden of multiple mortgages or a mortgage and a rent payment in the new location you are living in. If you find yourself in immediate need of selling your home here are some tips on how to sell your home fast and some information on understanding the trade off of selling your home now As-Is versus preparing your home for sale.

 

Sell Home As-Is or Prepare The Home For Sale Trade

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Rent or buy in Kamloops? That is the questionShould you rent or buy?

Conventional wisdom suggests it’s a no-brainer – buying real estate is a worthwhile investment with a high return.

Despite record low interest rates,  the sky high prices and carrying costs are causing many to rethink the allure of home ownership.

 

When you factor in the costs of repair, maintenance and other expenses associated with owning a home, Toronto-based financial planner Shannon Simmons argues that renting and putting saved money into another investment may earn more in the long run.

If you filled in a  questionnaire asking where you see yourself in 10 years, many would answer “buying/owning a house. Do you really care if you buy a house, but think you should? Lets look at both sides of the argument and

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