When to buy your first home in Kamloops.

The sooner you go from being a renter to an owner, the sooner you can begin to increase your personal wealth. 

This is perhaps the only legitimate, safe way to parlay a relatively small amount of money into an amount many times larger – and tax free to boot!

First decision – Who is buying?

Are you planning to buy in your name only? Are you buying with a significant other? Are you thinking of going in as partners with friends or relatives?

Second decision – Who will live in this home?

Will you? Will you rent out some rooms or part of the home?

Third decision – Where do you want to buy the home?

Close to work? Close to your family? Close to your social life? Whatever you can afford?

Fourth decision – Decide when you will be ready.

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Dealing with Seller's Remorse

When Sellers Get Cold Feet

Seller’s remorse: that sinking feeling in your heart and stomach knowing you may have lost something you can never get back. In real estate and especially home ownership, this “syndrome” is very real and have sent some into a downward spiral that has a ripple effect into other parts of their lives.

The leading cause of seller’s remorse and how to avoid it is when an offer presents itself before the seller has time to fully consider and process the option to sell or keep.

With buyer’s remorse on the other hand, you are often able to get out of the contract because of certain subjects in the contract but you won’t be stuck with a house you don’t want.

With seller’s remorse you don’t have that option; you can only hope…

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4 Home Strategies Believed to Increase Luck and Fortune at Home

While success in real estate depends on many factors, including choosing the right real estate agent, the current market conditions and the condition and location of the property itself, there’s a few tricks that property owners can use to boost their luck!

People have been looking for divine intervention with their real estate transactions and properties for centuries, turning to everything from crystals to Catholic saints! Some of these methods involve buying and selling a piece of real estate while other luck-enhancing techniques aim to improve the luck of the occupants of a home.

In the spirit of the lucky Irish four-leaf clover, here’s four ideas you can use to help create your own luck with your real estate investment!

Designing and…

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Things to Consider When Buying And Selling A House At The Same Time

There are certainly several things to consider when buying and selling a house at the same time.

The process of buying a house can be difficult and stressful. Tons of research is required in terms of the location you want to live in as well as the local real estate market. Then you’ll need to go house hunting in order to find properties that are for sale, not to mention find houses that you actually like. It can be an overwhelming process.

The same can be said about selling the house you’re currently living in. You’ll need to make repairs, invest in upgrades to help boost its value, stage your home, hold open houses and more. Like buying a home, selling a home can prove to be quite a challenge. With this in mind, you’re probably wondering how the…

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Don’t Get Too Emotional When Buying a Home

Keep Emotions in Check Purchasing Real Estate

Getting too emotional when buying a home can cost you big time! The last thing you want to do is create a lot of extra stress for yourself when buying real estate. In order to make your purchase go smoothly we want to offer some excellent first time home buying tips. It is easy to make home buying mistakes especially when you have never done it before!

Whether buying or selling a home, emotions are always involved in the real estate process. So how do you keep your emotions from hindering your judgment when buying a home? It can be tricky, as optimism and excitement are prone to be high. However, it’s important to keep a clear and level head when it comes to making one of the biggest purchases of your…

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Is Buying Foreclosures a Good Deal in Canada?

Often real estate investors look at purchasing foreclosed homes in Canada.

Are there really deals to be had? What if you plan to renovate and flip it?

A foreclosure is the legal process that takes place when a homeowner can no longer pay his or her mortgage. The bank or lender seeks to recoup monies owed by selling the property, wherein, the borrower loses any financial interest in the property.

The foreclosure system in Canada does not create the extravagant deals that the system in the US does. Although “deals” can be found, it is mostly on properties that have very little interest from buyers. In Canada, each province has its own system, as well, which makes the process of buying a foreclosed home more complex for buyers. For instance, in BC,…

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6 Rules for Protecting Yourself When Buying Outside of Canada

Often, during the winter, the weather seems to freeze the logic portion of some people’s brains as they head south to thaw their bodies. (Sorry, if that is a little harsh, but sadly it’s true). Given that winter weather comes to this country at different times, I thought this was a great time to start thinking about it. We land in these little warm retreats and begin to fantasize about “owning a piece of paradise.” That is when the justifications begin and as we all know humans can find a way to justify anything they really want in their life.

Canadians Have Targets on Their Backs

Sales teams know Canadians begin to make desperate decisions as winter closes in and feels like it may never end. Sure, a piece of tropical or recreational paradise may…

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Are the new changes in Canadian mortgages affecting the wrong people?

Housing policy is being created for the whole country based on markets in Toronto and Vancouver

They are Canada’s two hottest housing markets, and even some in the real industry don’t question the need to cool prices in both Toronto and Vancouver, but that opinion changes once you get beyond the orbit of those two cities.

There is almost a sense of bewilderment in places like Halifax and Edmonton or Montreal, where people wonder what overheated housing market anyone is talking about, because it’s not happening in their jurisdiction. DBRS Inc. said this week that from July 2015, to July 2016 prices across the country are almost flat once British Columbia and Ontario are excluded.

“It’s raining in Vancouver, but first-time home buyers need an…

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The Five C's of Credit

To most Canadians, buying a property is a daunting task in itself. But what about securing a mortgage? 

What factors are taken into consideration by lenders and underwriters that can make or break the loan?  Obviously, credit is a major decider in the equation, but what exactly goes into deciding credit worthiness?  What most Canadians aren’t aware of is that credit is not just a score or an ability to make payments on time. Credit is actually composed of a few different categories known as the five C's of credit.

The 5 C's of credit consists of: Credit, Capacity, Capital, Character & Collateral.

1. Credit shows the lender a snapshot of what the borrower’s repayment history has been over a period of time. This is the only way a lender can predict…

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8 common mistakes when selling your home

Some common sense tips to make sure your home sells

You can always find tips and tricks for selling your home, but what do you need to know to avoid making a mistake? Here’s eight ways you squash a good house sale and how to avoid making these mistakes.

Number 1: Bad photos

If the online photos of your house are dim, blurry, taken at odd angles or of odd rooms, don’t be surprised if you get fewer than expected appointments to view your home for sale. According to recent stats, 91% of all buyers start their home search on the Internet—and the vast majority of those buyers will pass over a listing with bad photos (even if it meets all their criteria on paper!). In fact, there have been times when I’ve had to convince a buyer to give a listing a…

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