Home Selling Blogs – Kelowna

Home selling advice for Kelowna, British Columbia residents.

Found 28 blog entries about Home Selling Blogs – Kelowna.

Pros & Cons of Selling FSBO

Is selling your house in British Columbia without a real estate agent the key to a profitable sale or a potential disaster? On one hand, you can save on commission fees and maintain full control over the process. On the other, you may face limited marketing reach and the challenge of pricing your home competitively—two of the keys to marketing your home to sell. Steering through these waters requires thorough preparation and strategic planning. 

Have you considered the pros and cons between cost savings and potential pitfalls? Understanding the intricacies of BC's real estate market is the key to a successful sale. Dive in and discover whether selling your house without a real estate agent is right for you. 

For informational purposes only.

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Should I Sell My Old Home or Rent It Out?

Deciding to sell or rent your property involves a complex set of decisions. On the one hand, renting out your old home could offer a steady income stream and potential appreciation, but it also means landlord responsibilities and susceptibility to market fluctuations. Plus, in order to secure a mortgage for your new house, you’ll need to keep your debt-to-income ratio in mind. Selling, meanwhile, can provide immediate funds but might not maximize your property's value. How do tax implications, financial goals, and lifestyle ambitions weigh into this decision? It's essential to assess these factors thoroughly to determine the best path for your situation.

For informational purposes only. Always consult with a licensed real estate professional before

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What Is a Special Levy in a Condo?

When you own a condo, you might encounter a special assessment, an additional fee your association can impose for unexpected expenses. These assessments, also called special levies, typically result from significant repairs or upgrades exceeding the regular budget. Understanding how these fees are calculated and what they mean for your ownership is essential. If you're wondering what could happen if you don't pay a special assessment or how special assessments impact your investment, keep reading to uncover the implications for you and your property.

5 Things to Know About Special Assessments

  • A special assessment is an additional fee condo associations impose for unexpected expenses not covered by reserve funds.
  • Each unit owner's assessment
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Paperwork Associated with a Home SaleThe paperwork is one of the most confusing parts of the home-selling process. Selling real estate is a process that requires extensive documentation, much of it written in confusing legal language. Knowing what to expect when you sell your home can quell any nervousness about the selling process and help you make the right decisions when trying to sell. Once you understand it all, preparing the right paperwork before putting a home on the market can help make the process smoother and more efficient.

Listing Contract

A listing contract is an agreement that you make with your listing brokerage. Once signed, the contract cannot be broken or taken back unless specified in the contract. The listing contract names the responsibilities of the licensee

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How Buyer Motivations Influence the Sale of a Vacation HomePlanning to sell a vacation home can be an exciting time. However, there are a few differences when selling a vacation home that sellers should be aware of, as the process differs from selling a primary residence. Those who have only sold their primary residence in the past may be surprised at how buyers approach the purchase of a vacation home. Sellers who understand the minds of vacation home buyers may be able to more easily motivate an approved potential buyer to make an offer. Get inside the minds of potential vacation home buyers and speed up the sales process today.

Vacation Home Buyer Profile

Surveys over the years have provided a number of details that may be useful for sellers of vacation homes, though like the primary residence market,

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How Do I Start an Alberta Short Sale?Short sales in Alberta are typically undertaken by homeowners looking to prevent their home from going into foreclosure. However, not everyone understands how they work or what they ultimately mean for the sellers of the property. From credit scores to final sale price, find out more about how Alberta short sales operate for the lenders, buyers, and sellers.

For informational purposes only. Always consult with a financial advisor before proceeding with any real estate transaction.

Striking a Deal with the Lender

When a home is getting ready to go into foreclosure, it's the lender's job to take back the property and sell it. The lender is in the business of finance—not in the business of real estate. The last thing they want to do is hire a

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What Do I Need to Disclose as a Home Seller?Home sellers may have very different ideas about what they need to share with potential buyers. Some may want to give the buyers all the information they could ever want to know, while others would prefer to keep the conversations to the bare minimum. It's why local legislators decided to impose a few guidelines to protect the buyers and promote honesty among the sellers. Those getting ready to put their home on the market and market it to sell should keep the following in mind.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Types of Disclosure Documents

A disclosure document is one that lists the defects of the home straight from the sellers' mouth,

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What Sellers Need to Know About a Buyer's MarketWhen a real estate market is flooded with homes, buyers can afford to be choosey. Sellers, however, may see themselves at a disadvantage in a buyer's market because buyers can choose from more available properties and are more likely to include contingencies within a contract. However, it is not necessarily a bad time to sell a home if it is a buyer's market. Sellers simply need to know what to expect from potential buyers and understand how to navigate the market when selling a home.

Learn more about selling a home in a buyer's market today.

What Is a Buyer's Market?

In a buyer's market, there is more supply of houses than demand. Because of this, home buyers can choose to be more selective about the homes they purchase, which puts sellers in

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4 Buyer Red Flags All Sellers Need To KnowSelling a home is a big endeavour that no homeowner takes lightly. But sometimes, finding a buyer can be difficult. If the market is cold, that can make homeowners feel like if they don’t sell to the first person who makes an offer, the home won’t get sold. This is a common but misinformed mindset because not every buyer is a good buyer, and sellers need to be aware of the signs that a buyer may cause trouble and hurt the sale of the home. Here are some telltale warning signs that all sellers need to know when considering offers.

For informational purposes only. Always consult a licensed real estate professional before proceeding with any real estate transaction.

The Buyer Is Only Pre-Qualified For a Loan

When setting out to buy a new home,

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Everything You Need to Know About Hiring a Real Estate PhotographerThey say a picture is worth a thousand words, but in real estate, pictures can also be worth thousands of dollars. Real estate photography, high-value home improvements, helps sell homes by attracting buyers, encouraging competition, and making a good impression before the buyer ever enters the home. If you're a homeowner thinking about selling your home sometime soon, here's what you need to know about real estate photography.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Buyers Like Attractive Listings

Online homebuyers are more likely to interact with attractive listings. When they see high-quality images, they often spend more time looking at it

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