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Thompson Crocker Real Estate Penticton / Articles posted by admin

Tour de Force: Don’t Make These 10 Huge House-Hunting Mistakes

You've been thinking about settling down and buying a home for a while now, and you finally think you're ready. It's time to tour some digs! But hold up—you need a game plan. House hunting is about more than popping into a few open houses and picking the one you like best. In fact, there's a science to it: A smart search means you'll save time, money, and your sanity during the rest of your home-buying process. Read More ...

8 Rookie Mistakes That Keep People From Selling Their Home

If your home is struggling to catch the eye of a buyer, it could be for an entirely valid reason. Maybe you're stuck in a sluggish market or have the poshest place on the block (always a tough sell). But there's another possibility, too—your home could be sitting on the market because of a rookie selling mistake. All of us can make 'em, even those of us who actually have a few home sales under our belts. Read article here: Mistakes that keep people from selling their home...

Resale fears abound across demographics!

According to the results of the latest poll conducted by CIBC, nearly two-thirds (62 per cent) of Canadian home owners are hesitant to sell their properties because of the prevailing climate of elevated home prices that would make it more difficult for them to get their next houses. This fear cuts across the demographic spectrum, despite the survey finding that around two in five Canadian home owners (41 per cent) are contemplating on making generous profits by selling their homes in...

The Future of B.C. Housing British Columbia has always been a coveted place to live—and priced at a premium compared to the rest of the country. Divine aesthetic, on-demand year-round leisure and the inspiration of towering mountain ranges and ocean views don’t come cheap. But the province has never been as unaffordable as it is today, with Vancouver now mentioned along such global centres of commerce as New York, London, San Francisco and Sydney, with its housing and real estate suddenly subject...

Preparing Your Home for Sale

When you’ve decided to sell your home, the last thing you want to do is spend money to spruce the place up. After all, whoever buys it is going to replace those outdated kitchen cabinets and grungy bathroom tiles anyway, right? “We’re often asked why any money should be spent freshening,” said Mickey Conlon, an associate broker with Douglas Elliman Real Estate. “The answer has to do with the psychological effect of assessing a renovation on a prospective purchase. Buyers assign...

6 Costly Mistakes First-Time House Flippers Make

When you’re flipping a house, time is money. And you don’t have time to make a lot of rookie mistakes. That’s what Steve Cederquist learned when he first began renovating and flipping properties in 1994. “I bought a house with a bad foundation and lost $30,000 on the deal,” says Cederquist, a general contractor who’s now a veteran house flipper and president of Cornerstone Property Services in Huntington Beach, CA. “I didn’t think I’d have to do much to a 1,200-square-foot house....

Housing Market Slows to a Simmer in BC

Vancouver, BC – August 11, 2016. The British Columbia Real Estate Association (BCREA) reports that 9,900 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July, down 3.4 per cent from the same month last year. Total sales dollar volume was $6.57 billion in July, up 5.4 per cent compared to the previous year. The average MLS® residential price in the province was up 9.1 per cent year-over-year, to $663,411. "Housing demand has moderated in many regions of...

Strong BC Economy Fuels Growth in Commercial Real Estate

Vancouver, BC – August 31, 2016. The BCREA Commercial Leading Indicator (CLI) increased 1.7 index points in the second quarter of 2016, propelled higher by strong growth in the BC economy. The CLI index rose to a new high of 122.2, up 2.2 per cent compared to the second quarter of 2015. "The recent uptrend in the CLI is reflective of a strong underlying economy and accelerated employment growth," said BCREA Economist Brendon Ogmundson. "The CLI was further boosted by a...

BC Housing Demand Remains Strong Despite Fewer Vancouver Home Sales

Vancouver, BC – September 13, 2016. The British Columbia Real Estate Association (BCREA) reports that 8,945 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August, up 1.5 per cent from the same month last year. Total sales dollar volume was $5.1 billion in August, down 6.7 per cent compared to the previous year. The average MLS® residential price in the province was $569,393, a decline of 8.1 per cent compared to the same month last year. "Strong...

Jurock’s Real Estate News

Nov.13 to Nov.20, 2014 THIS WEEK IN JUROCK'S REAL ESTATE INSIDER: CMHC'S HOUSING OUTLOOK IS ROSY AND REALISTIC CONDO LANDLORDS BANK ON INCOME HOTTEST B.C. MARKETS IN 2015 ASSESSMENT RULING UPROAR: MILLIONS, PERHAPS BILLIONS LESS IN TAX PAYMENTS INVESTORS AWAKEN TO SUNSHINE COAST MARIJUANA RULES AFFECT REAL ESTATE OIL PIPELINES NOT NEEDED? REALITY COULD AFFECT REAL ESTATE INVESTORS RENTAL INVESTORS: TIPS TO USING CMHC INSURANCE MORTGAGE DEBT SLOWS AS HOME SALES INCREASE CMHC's Housing Outlook Is Rosy And Realistic The annual Housing Outlook conference held by Canada Mortgage and Housing Corp. November...