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Selling your Home in a Buyer's Market - From the Desk of Rod O'Keefe

In the picturesque city of Vernon, BC the real estate market has seen a gradual decline in pricing, ranging from 4% to 9%, contingent upon the neighborhood, property type, and price range. However, it's essential to note that this decrease does not signify a departure of potential buyers from the market; rather, it has ushered in a unique opportunity for those in search of a new home – a buyer's market in Vernon, BC real estate.

We are more than just your average Real-Estate Office. We are locals and family-owned! We are active in our community and want to share our experiences with you. We also want to celebrate our community opening up after such a long time and we encourage you to support local businesses along with us!

Are you getting what you need from your agent? The importance of honest candid feedback. Politeness is important but when it comes to feedback honesty is crucial.In our last post we discussed the importance of feedback and how this data can significantly assist both the agent and the seller in understanding what buyers may be looking for from a home. Feedback can inform how the home compares to others on market and what if anything can be done to increase the potential for a successful sale.

You have listed your property…Now what?

Your home is spotless, the landscaping is immaculate, the For Sale sign is up and now it is time for you to test the market waters. Those butterflies of anticipation can quickly give way to concerned exhaustion as the showings do or don’t pile up. How many showings is too many showings? Why does my neighbor (who is also for sale) appear to have more showings than I? What should I expect in on-going communication from my agent regarding my listing? How do you know if I priced my home correctly? What does feedback mean?  We all like to compare, contrast and worry when our listing is active. What are the right answers and most importantly…how do I know if my home will sell and if I have chosen the right agent to facilitate this?

TOP 8 REASONS TO LIST AND SELL YOUR VERNON & NORTH OKANAGAN HOME DURING THE HOLIDAYS! 

TIP # 15-KNOW YOUR BUYER'S MOTIVATION

TIP #14 KEEP EMOTIONS IN CHECK

TIP #13 DISCLOSE EVERYTHING +ATTRACT MORE BUYERS!

TIP#12-ODORS ARE HOME DEAL KILLERS!

Sales and Marketing advertising promoting our various products (we have not done a lot of this traditionally but we will be moving in this direction so it would be nice to think about how we’re going to do this)

The biggest mistake you can make at this point is to rely solely on your own judgement. Do not be shy about seeking the honest opionion of others. You need to be objective about your home's...

As Realtors, one of the single biggest mistakes we see in our industry is the listing client wanting to price their listing so there is "room to negotiate." This situation comes up frequently and many listing clients elect to follow this path and essentially price your listing out of the market like the rest of the herd. 

When selling a home there are 5 key factors that make up the sale: location, financing, marketing, price and condition. Of the five factors you have the most control over is the...

All Realtors are NOT the same. A professional Realtor knows the market and will share information on past sales including their own results if they are good. Also requesting their results will provide you insight to whether they are...

Tip #6 Tax Assessments-What They Really Mean?

Tax assessments are sometimes used to assists buyers and sellers of Real Estate to set a baseline of what the home is really worth. Tax assessments generally trend the same direction by neighbourhood and your Realtor can assist you in determining the trend and weather homes should be valued a certain percentage above (or below) the tax assessment. There are always exceptions to the rule...

Tip #5 When Getting an Appraisal is a Benefit

Having an appraisal by a professional appraisal company will assist in marketing your home. It is a good way to let prospective buyers know what your home can be financed for. Appraisals do cost money and in some instances...

25 Essential Tips that Get Vernon and North Okanagan Homes Sold Fast for Top Dollar! (Part 4)

25 Essential Tips that Get Vernon & North Okanagan Homes Sold fast for Top Dollar. (Part 3)

 25 Essential Tips that Get Vernon & North Okanagan Homes Sold fast for Top Dollar. (Part 2)

The 25 Essential Tips that Get Vernon Homes Sold Fast for Top Dollar!

With fall upon us here in Vernon and the North Okanagan many would believe the real estate market is cooling with cooler temperatures. So far, all indicators are the opposite, we anticipate the real estate market staying strong until...