REAL ESTATE BLOG
I am over the moon to once again be hosting season 3 of the award winning TV show Realty Reality!!!!
Click the picture for more details on the upcoming season!!
Royal Lepage Kelowna real estate market update
Source: Royal LePage Kelowna Real Estate The post Royal Lepage Kelowna real estate market update appeared first on Royal LePage Kelowna Real Estate. Source: Blog
Dec 2015 Kelowna and area real estate stats update.
Source: Royal LePage Kelowna Real Estate The post Dec 2015 Kelowna and area real estate stats update. appeared first on Royal LePage Kelowna Real Estate. Source: Blog
Kelowna and area real estate stats update Jan 2016
Source: Royal LePage Kelowna Real Estate The post Kelowna and area real estate stats update Jan 2016 appeared first on Royal LePage Kelowna Real Estate. Source: Blog
Royal Lepage Kelowna market update
Source: Royal LePage Kelowna Real Estate The post Royal Lepage Kelowna market update appeared first on Royal LePage Kelowna Real Estate. Source: Blog
Hiring a Local Realtor
Do you think it is important for us to hire a local Realtor? When you are ready to hire a realtor, insuring that they have proven marketing strategies and performance success in your community are two major things to be looking for. A professional that knows the local market is extremely important because there are numerous factors in the community that will influence a buyer's purchase decision. These same factors will also be important for seller pricing because your home sale will depend on your realtor's ability to capture and market all of these features, we are not only selling the home we are also selling our community. Being able to share information about recreational options, local amenities, and information about schools and businesses is important so that potential buyers feel at ease in knowing they are buying the right home in the right community. When you are ready to buy or sell with a proven, and multiple award winning, professional realtor...remember to call me first!
Timeline for Sellers!
What do I need to know about the timeline for home sellers right now? Selling a residential home right now statistically takes an average of 77 days. For those who want o sell their home, this means that if I were to meet with a seller to list their home today, they would be looking at a May or June completion completion date. I have appreciated arranging new listings this past month because it is very important for me to have the inventory to show prospective buyers, especially with Spring Break and nicer weather just around the corner. I always communicate with my sellers that it is very important for me to have their home showcased on the MLS system well before all of our visitors, and potential buyers, arrive for Spring Break. It is also important to capitalize on early listing opportunities before the Okanagan summer rush hits! If you need your home to sell before summer, and are ready to take advantage of the hot real estate market, call me today to set up your listing appointment!
New property assessment affect the market value of my home?
How does my new property assessment affect the market value of my home? The property tax assessments are out and many people have asked me how it affects the market value of their home. Assessed value is the tax value. The market value is actually different than the assessed value! The current market value of a home is the estimated price that a home will sell for in the market that is for sale in. Tax assessors are not required to adjust the assessed value to align with the current market value. This means that you will need the expertise of a professional realtor to get an accurate picture of the real value of your home to prospective buyers. In the month of January alone, I have been involved with about a dozen home market evaluations and have found that the actual property assessment amount has been a positive complimentary amount for sellers in our community. To arrange a free, no obligation home evaluation, you can reach me at 250-826-5660.
Part 2 of 2 Professional Real estate advice for sellers with Senior Financial Advisor and Mortgage Specialist Anne Leistner.
Positive Affects 2015 Inventory Stats Bring 2016
What positive affect do you feel the 2015 real estate inventory statistics will have on this new year? December 2015 sales were up 10% over December 2014. In addition, 2015 was the 3rd best year in the history of the Okanagan Mainline Real Estate Board! Listing inventory at the end of 2006 was 2549 homes and at the end of 2015 it was 2440 homes for sale. In fact, our current inventory of available homes for sale is at its lowest point since the 1980's. What does this low inventory of homes mean for buyers and sellers in the real estate market? For buyers, this means that it is extremely important to be working with a realtor that has their pulse on the market. Buyers need to work with a real estate agent that will have them on a system that allows new listings to be viewed as soon as they become active on the market or before they even hit the market. For sellers, a low home inventory means that their homes should be professionally marketed and that this marketing needs to be immediately available once active on the market. All of the professional photos and marketing materials need to be produced and immediately available so that eager buyers see your home on the market and appearing at its best! When you, or someone you know, are ready to take advantage of these positive statistics, remember that "your home is where my heart is"!
Petrina Owen
REAL ESTATE PROFESSIONAL
Cell: 250-826-5660
petrina@royallepage.ca
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