Kamloops Property For Sale Real Estate Blog - asking price

Don’t Shoot The Messenger

I’ve seldom been on a Listing Appointment, where the seller is thrilled to hear the truth about where their home should be priced. There’s a reason for that, and that’s because sellers have an EMOTIONAL INVESTMENT in their homes and it pains them to hear the FACTS about today’s market!

What many sellers don’t realize is that neither Sellers or Realtor's set prices. The MARKETPLACE determines the price of homes, and that is true for just about any commodity that’s for sale. And who determines the market are the BUYERS! Perhaps the most challenging aspect of selling a home is listing it at the correct price. It’s one of several areas where the assistance of a skilled real estate agent can more than pay for itself.

Too high can be as bad as too low. If…

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How to establish an asking price for your home

Everyone wants to get as much money as possible when selling their home, maximizing the cash pocketed or equity gained from the deal and better preparing them for their next purchase.

Market supply and demand fundamentals can provide a starting point to establishing a price, but other variables such as specific characteristics of individual properties, location and a seller’s financial needs and timetable must also be factored in.

It may not be a simple exercise, but it’s a critical one. List a property at too high a price, it might languish on the market and turn away potential buyers. List it too low, you might sell it quick, but you’ll be leaving valuable dollars on the table – or in someone else’s pocket.

“Price it right, and it will sell.…

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2 Benefits of MLS® listings

A key concern of many home owners looking to sell a home is the exposure that their home will receive, reports the Digital Journal.

In the world of real estate, the more people that see the listings of homes for sale, the better the deal will be in the end for the home sellers. However, it is vital to ensure that those who are viewing the property are actually qualified and motivated homebuyers.

MLS® listings are one of the best ways to ensure that a property get the maximum and best possible exposure. The MLS® system spans most of North American, and the majority of home sales are done through the MLS®.

It's important to note, however, that simply listing a home on the MLS® can only go so far. With that in mind, here are two ways to get the most…

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Real Estate Market Report for Kamloops, BC

Updated : Oct 2015

Houses

• Median price $399,900
• Monthly growth 0.52 %
• Quarterly trend
• Stock on market 1.72%

House Report

Across the country as a whole, Kamloops is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices. The median house price listed in Kamloops this month is $399,900. If you’re looking at investment properties in Kamloops, then you’re most likely to find homes with 3 bedrooms on sale this month. From our data, it appears that neighbourhood is number 30th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10. It’s never an exact art, but to try to forecast how property is going to appreciate in…

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Canada is too friendly to shady real estate purchases

Canada needs to do a better job cracking down on shady foreign investors, many of whom may be laundering ill-gotten cash through real estate purchases. That’s according to a new report by Transparency International, a Berlin-based watchdog group.

Lax standards in Canada, as well as countries like the U.S. and China, make it easy for billions of dollars of shady money to pour into cities like Vancouver, according to the Vancouver Sun.

Former Prime Minister Stephen Harper promised to toughen regulations at various G20 summits, but right now finance rules are lax enough that it’s hard to determine whether foreign “money launderers and other corporate kleptocrats” are snatching up properties in Toronto and Vancouver, Transparency International Canada…

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First-Time Homebuyers Survey

OTTAWA, November 12, 2015 — Buying your first home is an exciting time but it also comes with many questions, concerns and in some cases, nerves. With that in mind, Canada Mortgage and Housing Corporation (CMHC) released today its 2015 First-Time Homebuyers Survey (#FirstTimeBuyers) coinciding with the fifth anniversary of Financial Literacy Month (#FLM2015).

“For many Canadians, buying their first home is the single, largest purchase they have ever made.” says Nathalie Fredette, Vice-President, Client Relationship Management. “Our aim is to provide mortgage brokers, lenders and other industry professionals with valuable information and useful tools so they can better guide their clients through this major life event.”

“CMHC’s survey results…

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Home Staging Tips : Appeal to All Five Senses

To appeal to buyers’ emotions, you have to put your own on hold and find clever ways to sell people a lifestyle.

 If you want to sell your house quickly, you need to look at it as a commodity rather than your home – a product and a lifestyle to be sold in the open market. You have to essentially become a retailer with a product to sell.

A general rule I follow when preparing a home to impress potential buyers is to satisfy as many senses as I can in each room. Use these tips as a guide to create a special experience during viewings, and keep them in mind when walking through your house.

#1 Smell

There was a time when it was rare to hear of someone having allergic reactions to typical scents such as perfume, candles, incense and air fresheners,…

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4 Home Buyer’s Nightmare to Avoid!

One of the two things to remember when you are buying a house; first, it’s a long term deal, and second, it is a big financial decision. You have to decide wisely because what you may think as the home of your dreams may turn into a nightmare if you are not careful.

Here are 4 home buyer’s nightmares to avoid

1. Not knowing how much you can afford. It is easy to overestimate what you can afford. Before you even decide to look at houses, take a good look at your income and expenses. It is best to have a precise idea of how much you can afford for a home so you wouldn’t waste your time looking at houses not within your reach.

2. Buyer’s remorse. Many home buyers who didn’t think through and decided to buy a home without thinking of other…

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Should You Sell Your Home Without the help of an Agent?

If you are thinking of selling you home without the help of an agent, think twice. Though FSBO ( For Sale By Owners) may lure you thinking you could save money on agent commission you have to take into consideration the challenges you’re going to face when you sell your home on your own.

Here are things to consider should you decide to sell your home on your own.

1. Buyer’s agents may ignore you.

Buyer’s agents may discourage their clients seeing your home. Many buyer’s agents think that dealing with a seller without professional representation involves hassle and risk. Many agents have experienced dealing with FSBO transactions where sellers did not pay full commission to the agent who brought the buyer, sellers who are unreasonable or…

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Robust Housing Demand Continues in October

Vancouver, BC – November 12, 2015. The British Columbia Real Estate Association (BCREA) reports that a total of 8,725 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October, up 14.1 per cent from the same month last year. Total sales dollar volume was $5.8 billion, up 32.3 per cent compared to the previous year. The average MLS® residential price in the province rose to $667,480, up 16 per cent from October 2014. - See more at: http://www.bcrea.bc.ca/news-and-publications/news-room/news-releases/2015-10-statistical-release#sthash.t0dDvUa5.dpuf Vancouver, BC – November 12, 2015. The British Columbia Real Estate Association (BCREA) reports that a total of 8,725 residential unit sales were recorded by the Multiple Listing…

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