Kamloops Property For Sale Real Estate Blog - Investing in real estate

BC Homes Sales Carry Momentum into 2020

BCREA 2020 First Quarter Housing Forecast Update

Vancouver, BC – January 23, 2020. The British Columbia Real Estate Association (BCREA) released its 2020 First Quarter Housing Forecast Update today.

Multiple Listing Service® (MLS®) residential sales in the province are forecast to increase 10.3 per cent to 85,290 units this year, after recording 77,349 residential sales in 2019. MLS® residential sales are forecast to increase 6.3 per cent to 90,700 units in 2021. 

“The outlook for home sales in 2020 is considerably brighter than the past two years,” said Brendon Ogmundson, BCREA Chief Economist. “Momentum carried through from the end of 2019 to 2020 will put the housing market on more solid footing, aided by low interest rates and an improving…

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What Buying a House “As Is” Really Means

A house being sold “as is” is a real estate term you should know before you start house hunting.

You found a house in your dream neighborhood. It has the right number of bedrooms, bathrooms, and a nice backyard. It’s just what you were looking for. Then you learn it is being sold “as is.” That house that seemed so perfect now seems a bit frightening.

Selling as house “as is” basically means the seller will make no repairs or improvements and is selling the house in its current condition. In many cases, the houses are “as is” because the seller can’t afford to make the improvements. “Once you buy that house, it’s yours and you’re pretty much stuck with whatever decision you made, so you really need to be very educated and thorough about what you’re…

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Danielle Doucet earns the Royal LePage Red Diamond Award for 2018

A special thank you to my past and present clients, friends and family for another great year.

I am proud to announce that I have been recognized at the ‘Red Diamond’ award level by Royal LePage corporate. The ‘Red Diamond’ recognizes some of the country’s top performing Realtors, and I have been ranked in the Top 2% of Royal LePage’s 18,000 Realtors. 

 Thank you SO much to all of our clients. Obviously, we could not have achieved this without your trust in allowing us to support you through the buying and selling process. We feel so lucky to be able to do what we do for a living, and we are extremely excited to see what 2019 brings.

 I very very pleased to also announce that I ended the year at the Royal LePage number 1 Realtor for Kamloops…

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How to Take Equity out of Your House to Buy Another

There are some parts of Canada where the prices of real estate have already shot up toward what is likely to be a peak for the time being.

In some other areas, though, the markets are just heating up, and interest rates are still relatively low. This makes this a terrific time to start investing in real estate. However, if your liquidity is on the low side, where do you get the funds?

Why borrow against home equity?

What is home equity? It’s the difference between the market value of your home, as determined by an appraisal, and what you owe on the mortgage. If you bought a house for $750,000, and you’ve paid down the balance on the mortgage to $250,000, but the value of the home has gone up to $900,000 in the years since you bought it, you have…

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What Will You Do With Your Investment Property?

One of the beauties of real estate investing is the numerous options to make money which the industry gives you.

Whether you are looking for quick cash or for long-term income, whether you are after passive income or don’t mind rolling up your sleeves, real estate has the right answer for you. Make sure you have a great Realtor and financial advisor when embarking on any of these life altering decisions.

The Advantages Of Fix And Flip

• Quick Money

The number one pro of the fix and flip strategy is that you make fast money. You can conclude your whole endeavor in a few months and walk out of it several thousand dollars richer. As far as real estate goes, this is the fastest way to make money. And depending on how good you are at buying low…

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Septic System Design - All you need to know

An in-depth look at the foundation of a design for a typical septic system design in BC

With BC regulations, prior to moving forward with a septic system design BC, an authorized person, typically a Registered Onsite Wastewater Practitioner (ROWP), will perform what is called a site and soil evaluation.

Typical requirements in data are obtained to properly incorporate a septic system design BC, this will include checking the siting of the septic system to ensure that it will comply with any restrictions registered against the land title.

Identifying boundaries for horizontal separation from the system components to such things as property lines, water bodies drilled wells and break out points in the topography.

Looking for potential site…

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Private Mortgage Lenders For Bad Credit

Are you in need of a Bad credit mortgage loan lender? Are Banks and Brokers saying no?

When most people think about the process of applying for a mortgage, they think about going to a bank or other lending institution depending on where they live. Private Mortgage loans are short in term, ranging from six months to three years. They are based on assets or a hard money real estate loan. What determines whether or not you get the loan depends on the value and equity of the property that serves as the collateral, rather than the credit of the party taking out the loan. Many professional real estate investors who want to purchase, renovate and “flip” a property, or liquidate the equity from property that produces income use Bad Credit Mortgage Lenders.…

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British Columbia's Top 10 Cities For Real Estate Investment Report

New research forecasts which cities will outperform the rest of the province's markets, despite recent dramatic value increases

A new report released today shows Surrey, the second largest city in B.C. and the fastest growing, has the diversity and strength required to lead the province in real estate investment potential. The Top 10 Towns and Cities – British Columbia report helps home-buyers and sellers decide whether now is a good time to buy, or sell, a property.

The Real Estate Investment Network (REIN) is an independent research and analysis firm that has been producing reports on housing markets across Canada for 25 years and has earned its reputation as a dependable source in providing unbiased research and analysis.

Studying 36…

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Real Estate Questions When it Comes to Buying or Selling a Home

Fact or fiction in BC Real Estate.

The industry has been booming for well a while now. Low inventory has created bidding wars and fixer-uppers in some major cities are hitting seven figures. So how do you keep your head amid the frenzy? How can you wade through all the clutter and the chatter to suss out the info you need to make wise decisions?

How to interview your Realtor CLICK HERE

Well, you always have us in your back pocket. In the meantime lets look at some of the common misconceptions that we have all heard in real estate transactions.

#1: Question: Real estate contracts are standardized so just sign the paperwork and work out the details later.

Answer. Not on your life,. Each real estate contract is as unique as the pink and black…

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Don't fall for the staging: Real estate expert on how to avoid rookie buyer mistakes

Being a first-time home buyer without guidance from qualified professionals is like using the internet to diagnose a serious illness -- it’s not going to end well. That’s the advice Toronto real estate agent and industry expert Karyn Filiatrault gives to millennials looking to enter the housing market.

She joined CTV’s Your Morning on Tuesday to warn against some of the biggest mistakes she sees real estate rookies make, even when they are getting help from the pros.

Not getting pre-approved by an experienced mortgage broker

Online calculators can help buyers get a rough idea of how much housing debt they can handle, but Filiatrault recommends using a mortgage broker to find the rate and terms that are best for you.

She adds that younger…

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