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If you’re one of the many Canadians who are wondering whether this is the right time to buy a home, you may find that a good place to start is by weighing the ‘pros’ and ‘cons’. Consider the many advantages of owning your own home. There are many practical and financially sound reasons for buying a home in today’s market, whether you’re thinking of a condo, a duplex flat, a townhouse, or even a single family home:

  • Home ownership is an excellent way to build equity. That’s an important consideration if you’re trying to build some financial stability – especially if you happen to be single and are doing it on just one income.
  • There’s the security that comes with making an investment for the future. When you own your home, you have a resource to fall back on.
  • Paying a mortgage off is usually better than “throwing money away” on rent. You could be paying high rents for years, adding up to many thousands of dollars, yet never end up with anything that’s yours.
  • Your rental expenses can potentially increase significantly over time. Even a three or four percent annual increase can really add up, especially when you consider that it’s compounded year after year. However, if you buy a home and lock in a long term mortgage at today’s affordable rates, you’ll know exactly how much your payment will be for years to come.
  • Owning your own home gives you the option of earning extra income, by renting out a specific portion of the property or by taking in a roommate.
  • Homeownership affords an asset to borrow against if you ever need to. Even if your mortgage isn’t paid off, you can still borrow against the equity you’ve built up in your home – and often at far better interest rates than you’d normally get for almost any other type of personal loan.
  • Property values tend to appreciate over time. Historically, real estate has proven to be one of the best returns on investment for Canadian consumers. And you’re enjoying your investment by living in it, versus just a piece of paper sitting in a safety deposit box!

    There are other exciting reasons to consider home ownership. You’ll gain independence and pride of ownership. The feeling of satisfaction and accomplishment it gives is one of life’s great pleasures. Want to know more about the advantages of home ownership? Your local REALTOR® has a wealth of knowledge to share. Why not call today?
 
Information provided by www.castanet.net .
 
The Dion-Ivans Real Estate Group, your best source for Kelowna Real Estate Listings!
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Selling a home is no small venture. Whether you are selling to move up, move down, move away or for some other reason, you want the process to be relatively fast and painless. You also want to make as much money as possible.

 

Like fixing a car, some people will be tempted to do the job themselves, reasoning that they can "pocket" the real estate commission. But for most, this is a false economy that makes no more sense than trying to rebuild a car's transmission without the knowledge, training, experience or time needed to do the job properly.

 

Saving the real estate commission is not a  true bargain because most buyers will expect a "bargain" when they see a For Sale by Owner sign. They will offer less than fair market value and the owner will be forced to negotiate upward to realize a small part of the anticipated commission savings. The do-it-yourselfer will also have to factor in the considerable amount of time and expense required to market the property, respond to enquiry phone calls, show their own property and fill out all the legal paperwork.

 

Selling your home is a complex procedure that involves large sums of money, stringent legal requirements and has the potential for very costly mistakes. That's why there are plenty of experienced real estate professionals to help you make the best sale possible. A REALTOR® has the qualifications, experience and commitment needed to do the work for you.

 

By REALTOR®, we mean a licensed real estate professional who is a member of a local real estate board - where there is one - and is also a member of the British Columbia Real Estate Association and the Canadian Real Estate Association. When you work with a REALTOR®, you can expect that person to adhere not only to provincial law governing the real estate industry, but also to a national code of ethics.

 

In addition to following up on details promptly and accurately, a REALTOR® is an expert in effectively marketing your home. Moreover, when you work with a REALTOR® your home will receive far-reaching market exposure through the Multiple Listing Service (MLS®). And the more exposure your home gets, the more likely you are to find a buyer willing to pay "your price".

 

Source: www.omreb.com 

 

The Dion-Ivans Real Estate Group, your best source for Kelowna Real Estate Listings!

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Buying or selling a home may be one of the biggest financial transactions you will make in your lifetime. It can also be a very complicated and frustrating process.You will need a professional to help you every step of the way. A professional who is highly trained, knowledgeable and has ethics beyond reproach. Your best friend in a real estate transaction is a REALTOR®, a member of your local real estate board and the British Columbia Real Estate Association.You can expect a great deal from a REALTOR® whether you are buying or selling.

 

When you are selling your home . . .

  • The REALTOR® you choose is working for you, the vendor, and not for the people who are the potential buyers of your home.
  • The REALTOR® gets paid, usually in the form of a commission, from a percentage of the proceeds of the selling price of your home.
  • In line with the strict code of ethics the REALTOR® must follow, he or she will disclose this arrangement to you clearly, fully and in writing.
  • The REALTOR® is experienced in the marketplace and can offer you expert advice on what price to set for your house, how you can make your house more attractive to potential buyers and what marketing plan will sell your home quickly, efficiently and smoothly.
  • The REALTOR® has contacts among potential buyers currently looking for a home. He or she can quickly separate the merely curious "lookers" from the "buyers".
  • As a member of the local real estate board, the REALTOR® can list your home on the Multiple Listing Service (MLS®), which gets the details about your home into the hands of thousands of potential buyers. Only REALTOR®S are able to list homes on MLS®.

When you are buying a home . . .

  • The REALTOR® will make it crystal clear to you whether he or she is working for you, the buyer, or the seller.
  • Special arrangements can be made so that the REALTOR® becomes your agent for buying a home. The REALTOR® is bound by ethics to disclose this relationship to potential vendors you may deal with.
  • With his or her wide experience and contacts, the REALTOR® can direct you to your potential "dream home" much more quickly and efficiently, saving you many hours and lots of frustration checking the ads and driving around.
  • A REALTOR® has access to thousands of listings on the Multiple Listing Service (MLS®).
  • The REALTOR® is usually paid by the vendor; this is the case whether the REALTOR® works for the seller or the buyer. When a REALTOR® working as your agent helps you buy a house, he or she usually is paid from the commission paid to the vendor's REALTOR®.

Whether buying or selling, a professional REALTOR®'s services can be invaluable. Their advice can save you from making bad choices and help make your home buying or selling experience a positive one.

Multiple Listing Service, MLS®, REALTOR® and REALTORS® are registered trademarks of the Canadian Real Estate Association. REALTOR® identifies a real estate practitioner who is a member of the Association.

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Few Canadian cities can boast the successful growth and rapid development of an identity like Kelowna can. In a little more than two decades, it has gone from being a not-so noteworthy interior town to one that has everything most people look for in a place to live. It’s all the more common now that folks from the Lower Mainland of BC and others from all across Canada are seeing Kelowna as a viable alternative to the stresses of bigger-city life. Opportunities abound, the cost of living is much less daunting and there’s a genuine warmth to the people. It’s no surprise that more and more folks are looking at Kelowna real estate listings with an eye to moving to this vibrant city.

 

Your Kelowna home search should begin with the proven professionals at Royal LePage Kelowna. A Royal LePage Kelowna realtor understands the importance you are attaching to the potential purchase of a Kelowna home and responds by pairing their expert knowledge of the area’s housing market with your specific needs. You can expect him or her to be at your every beck and call and be proactive in establishing what Kelowna listings meet your criteria before arranging viewings that work with your schedule. While it’s not Vancouver, the number of Kelowna real estate listings is considerable and you want a realtor who is exactly in tune with what will work for you and what will not.

 

Having a realtor who’s attuned to your needs in this way is an essential component of your Kelowna home search. This is due to the fact that properties that perfectly match your criteria are very likely meeting those of other potential homebuyers as well. This is what makes for a “HOT” listing and being able to identify them quickly and give them precedence over others is a characteristic of an expert realtor. Such expertise comes standard with a Royal LePage Kelowna realtor and they’ll waste no time in preparing and presenting your offer on any Kelowna home, all the while maintaining the highest standards of professionalism throughout the process.

 

You will be hard pressed to find anyone who has relocated to Kelowna and isn’t thrilled with the life they have discovered there. There’s just enough hustle and bustle and an abundance of natural beauty with readily-accessible means of enjoying it. The fact that Kelowna real estate listings don’t come with the same hefty price tag you’d find in Vancouver really appeals to most folks as well, and yet you are still only 4 or so hours away from the Lower Mainland.

 

Start your Kelowna home search the right way at http://kelownahomefinders.ca

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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.