Kamloops Property For Sale Real Estate Blog - Local Kamloops News

With a B.C. election in 2017, expect 2016 agenda to keep voters in mind

Many governments across the country are putting the final touches on their 2016 legislative agendas, including British Columbia’s. And on the West Coast it will probably be difficult to disconnect many of the announcements and policy directives from the provincial election just more than a year away.

Holding to tradition, the spring session will open some time in February, with a budget to be tabled shortly after. While Premier Christy Clark is expected to maintain a steady-as-she-goes course devoid of any major political gambles, there will certainly be moves that will attract attention and undoubtedly controversy.

Here are some of the things I’ll be looking for.

The cabinet

Since the 2013 election, Ms. Clark has only tinkered with the…

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In a seller’s market what is the best strategy for selling a home?

It is a seller’s market. But not every house will sell. What is the best strategy for home sellers selling their home in a seller’s market?

“The best time to buy a house was last year. The next best time is right now.”

For buyers

House prices tend to go up. You can wait for them to go down. You can wait, or you can act. Waiting, in my opinion, will only lead to more waiting. You’re probably not ready to buy if you’re waiting for prices to go down.

If you are looking to buy this year, if you want to be successful with buying a home, now more than ever you have to be prepared to act quickly. You have to be fully engaged in the home buying process. With your agent, you have to see houses and revisit them (online) a week or ten days later and find…

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Borrowing with the CMHC improvment mortgage

If you fall in love with a fixer-upper, you may find yourself in a tough spot figuring out how to pay the mortgage and cover the cost of renovations or postponing renos until you can afford them.

 Main Benefits of a Purchase-Plus Improvements Mortgage:

The little-known CMHC improvement mortgage (previously known as the purchase plus improvements program (PPIP)) allows home buyers in that scenario to borrow money to buy and immediately renovate a home with funds from their mortgage lender rather than taking out a separate line of credit that usually carries a higher interest rate and adds another layer of complication to their financial life.

PPIP is generally available with as little as five per cent down. However, buying with less than 20 per…

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What should a real estate lawyer do for you? How to choose one..

Whether you are the buyer or the seller of real estate, it is important that you obtain a lawyer to represent your interests. There are many potential legal pitfalls for the unwary when buying real estate. The agreements for purchase and sale and other related documents are complex. To most people the purchase of a home is the largest investment of their life, and the agreement for purchase and sale is the most important legal contract they will ever sign, next to a will of course!

Don't forget to check our local business directory for lawyers - CLICK HERE

There are a number of ways to select the right lawyer for your needs:

Ask friends who have purchased real estate which lawyer they hired, whether they were satisfied, and why or why not.
…

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Bruised and battered: the loonie’s bumpy ride - Article from Global News

Canada's dollar has been on a continuous slide, oil has dropped and the markets were all down. Prime Minister Justin Trudeau says he's "tremendously optimistic," but his finance minister sensed a different mood on a visit to Calgary.

The Canadian dollar is in the midst of its steepest decline in history. On Jan. 15, 2014, it was trading at a little over 91 cents U.S.

On Friday, it dipped below 69 cents US for the first time in 13 years.

That’s a drop of almost 25 per cent. In just two years.

That means your one-day ticket to Disney World near Orlando, Fla., – pegged at US$105 – will run you at least C$150. Two years ago, it would’ve set you back a little under C$115.

Throw in a few nights in a hotel, some meals and the cost of travel,…

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B.C. government mulls housing market cooling measures

With the upcoming preparation and approval of its budget next month, the British Columbian government is set to tackle housing relief as a primary concern.
 
Premier Christy Clark said on Tuesday (January 12) that luxury or speculation taxes won’t be implemented in the government’s bid to moderate Vancouver’s surging housing market, which has put an increasing number of homes out of reach of a growing fraction of would-be owners.
 
Clark did not give further details, only saying that the measures would focus on providing relief for first-time buyers without devaluing the properties of current owners.
 
“We’re thinking of a whole range of things. You’ll see more of it as we get closer to the [Feb. 16] budget,” Clark told media in a press conference, as…

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BC Homes Sales Smash All December Records as Prices Breach $700K: BCREA

Province posts highest number of residential unit transactions ever recorded for the month of December, propping up weaker Canadian markets

 Home sales across BC smashed all December records, according to BC Real Estate Association (BCREA) figures issued January 15. There was a total of 6,590 residential unit sales on the Multiple Listing Service® (MLS®) in December 2015 – a rise of 29.8 per cent from December the previous year. BC’s total home sales dollar volume in December hit a record $4.62 billion for the month of December, up 55.4 per cent compared to the previous year.

This is attributable to both rising transaction volumes and the average price in the province climbing above the $700,000 threshold for the first time in BC, rising 19.7 per…

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How Do I Negotiate With Buyers Over Problems in a Home Inspection?

If you're selling your home, there are ways to minimize re-negotiations because of issues arising from a home inspection

Q: How do I renegotiate with my home's buyers over problems arising from their home inspection?

A: When you are selling your home or condo, often times there are issues with the property that you might not be aware of. At this stage the buyer will often want to renegotiate the agreed price based on the results of the inspection. So how should you, the seller, respond? This is when you get the value out of your Realtor, they will be working for you in this process so make sure you choose a good realtor.

With a home there are often issues that be very costly to repair. One approach to take, as the seller, is to address the issues…

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House Hunting This Spring? 5 Tips that can get you your home....

Spring and all its glory is right around the corner—just take a look at the signs all around you.

No, we’re not talking about the budding flowers or the chirping birds—we’re referring to those “For Sale” signs that start popping up on lawns across the country as the weather starts heating up.

And once the home-buying season commences … so do the bidding wars and mad dashes from one open house to another.

Since the housing market can be a tricky one to suss out, we asked agents across the country to give us their assessments for this season’s real estate landscape.

Their overarching observation? This will be a competitive home-buying season—so if you snooze, you may lose out on that perfect home you’ve been eyeing.

The current market is a…

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Private Client Services - What is it and why you should sign up....

So are you looking to buy a home in Kamloops? Tired of looking on www.mls.ca and constantly sorting out the good from the bad? Ever wonder how folks get to see the latest properties first?

Why not give me a call today and I can set you up on your very own Private Client Services (PCS) program.

PCS is your very own web based page that we setup together. It uses your criteria for location, price, bedrooms etc. and will email you a list of properties that match your specifications, not only that but you learn about new properties before they hit mls.ca. In today's market of low housing inventory that could be the difference in getting your home or losing out.

Its free and there is no obligation whatsoever, you can cancel anytime or request the…

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