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Not everyone is a pro when it comes to real estate. For example, one might not understand mortgage rates, loans, or the reason why market values drop and rise every year, but there are a few “common knowledge facts” that everyone seems to feel pretty confident about; after all, everybody knows them, right?  

What happens when what we think we know about real estate is actually common myth and not fact at all. Who gets hurt? Both the buyer and the seller!

That's why the pros at The Dion-Ivan Real Estate have come together today to share common misconceptions about the real estate world.  

Real Estate Myths You Probably Believed

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Spring Is The Best Time To Sell

Well the warmth of spring create a favourable time to move it might not necessarily be the best time to sell a house. We see it all the time! Everyone thinks spring is the best time to sell, So what do they do? They sell of course! However, that means that the market is soon flooded. The truth is not many home buyers start looking right after the new year. So, why not beat the rush and put your house on the market as early as January or February? You'd be surprised how many bids you get for your house, and you'll feel twice as smart.

“I Can Sell My Home Myself”

Many homeowners first knee jerk reaction when they hear a realtor’s commission is to back out and sell their home themselves. While you certainly can sell your home yourself, and some people have great success, the majority of homeowners create much more trouble then it's worth to save on the commission. There's so much behind the scenes work a real estate agent does for their clients. From marketing, research, networking, contract drafting, market pricing, and so much more, real estate agents can put hundreds of hours in to sell your home. You must ask yourself if you realistically have the time and knowledge to sell your own home successfully and still get the same value that a qualified real estate agent would be able to get you. As with everything in life, you don't know what you don't know. This is especially true when it comes to real estate. People can easily get sucked into contracts that are unfair causing them to lose out on more money then they ever would have saved by not hiring a professional. For example, a buyer may receive a contract that is conditioned on the buyer selling their house. This may seem fine, but does the seller know to look for an escape clause or what it means for them if there is none? A real estate agent is truly your best friend when buying or selling your home.

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A Home Doesn’t Need To Be Staged

This one is huge! Many people think if they have a nice house it doesn't matter if they stage it or not; However, the truth is whether your spending an hour tidying up or weeks decluttering your home, staging your house might be the most important step you do. The first thing a potential buyer is going to request is photos of your home, and this is your best chance to make a positive first impression. If the if the buyer does not feel that your house is clean, cozy, and bright, they may scroll right past your home, never giving it another thought. It doesn't take much clean up the papers, remove the sweaty gym bag, and throw your dishes in the dishwasher before the photos are taken. Likewise, your home exterior needs to be staged as well. The outside of your home sets the tone for the rest of the tour. Mow the lawn, remove the trash, and make sure any toys or unsightly furniture is hidden out of sight. For more tips on successfully staging your home click here.

Whether you’re buying or selling your home, knowledge is power. When looking for good information on real estate, give your local professionals a call! Do not get sucked down the rabbit hole that is Google, which is filled with myths and facts that are hard to untangle.

For more information on buying or selling your home in the Kelowna and Okanagan area, give the trusted professionals of Dion-Ivans Real Estate team a call today!



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NEW LISTING
We just listed a new property located at 515 Houghton Road in Kelowna.
TOP FLOOR OVER 1300SQ FT MINT CONDITION, TASTEFULLY UPDATED BRIGHT, CHEERFUL & OFFERS BEAUTIFUL SOUTHWEST VIEWS!! This Meticulous 2 Bed, 2 Bath + Den Condo shows Amazing!! The Bedrooms are Separated by the Living Space giving each Room Privacy and they are both generous in sizeespecially the Master Bedroom! The Kitchen and the Living Room flow together perfectly to provide Open Concept Living + there are lots of Windows delivering tons of Natural Light. The Kitchen overlooks the Living Room perfect for ENTERTAINING and has a Sit Up Bar to watch all the action in the Kitchen. The Living Room & the Den both offer the luxury of HIGH CEILINGS! The Master Bedroom is unseen in Condo Living. its HUGE and the Ensuite offers a very Functional Layout and Ample Closet Space! This unit comes with 1 U/G Parking Stall + a Storage Locker. The Location is Stellarjust across the street from Shopping, Restaurants, and other Amenities! This Condo is Proudly Marketed by the DION-IVANS REAL ESTATE TEAM of Royal Lepage Kelowna. Visit WWW.KELOWNAHOMEFINDERS.CA for more information! (id:2493)
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The Bank of Canada left its target for the overnight rate unchanged at 1.75 per cent this morning. In the statement accompanying the decision, the Bank noted that the outlook for the Canadian economy is moderating due to  falling oil prices and mandatory production cuts in Alberta and a slowdown in global demand due to US-China trade tensions. As a result, the Bank has trimmed its forecast for Canadian economic growth in 2019 from 2.1 per cent to 1.7 per cent.  Total inflation is being dragged lower by falling gasoline prices, though core inflation remains near the Bank's 2 per cent target.

While the direction of future monetary policy remains tilted toward higher interest rates, our baseline forecast is for a single rate hike as the most likely outcome for 2019. With a housing market battered by the stress test and signs of slowing growth elsewhere in the economy, it will be difficult for the Bank to accelerate monetary tightening beyond a gradual pace.  A less hawkish Bank of Canada, along with a steep fall in Canadian bond yields, should translate to mortgage rates flattening out or even moving slightly lower in 2019. 

“Copyright British Columbia Real Estate Association. Reprinted with permission.” 
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Here is your guide to make sure your not paying more property tax than you should be!


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JUST SOLD
We just SOLD a property located at 1390 Dilworth Crescent in Kelowna.
UPDATED TOWNHOME IN THE CITY HOMES DEVELOPMENT!! This 2 Bed + 2 Bath Home has lots of UPGRADESHardwood Flrs, Stainless Appliances, Travertine Backsplash and Modern Paint Colors throughout! Both Bedrooms are Spacious and offer Good Privacy! The Home enjoys lots of Natural Light being an End Unit and has an Attached Single Car Garage that includes a Workbench + Shelving. At the Front of the Home is a small Courtyard perfect for enjoying morning coffee and a small deck at the back of the home made for barbecuing! The location is stellarclose to Downtown, The Rec Center, Shopping & Parks! PROUDLY MARKETED BY THE DION-IVANS REAL ESTATE TEAM of Royal LePage Kelowna. For more information visit WWW.KELOWNAHOMEFINDERS.CA. (id:2493)
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NEW LISTING
We just listed a new property located at 1249 Pacific Avenue in Kelowna.
Beautiful Top Floor Unit in The Gables +55 Development! This Unit has been Meticulously Cared for and it Shows! The Kitchen has Rich Gleaming Oak Cabinets, the Bathrooms have been both Updated and there is Vinyl Plank Flooring throughout. The Enclosed Deck provides an Excellent Space to Enjoy the Westerly Views! The Gables is Centrally Located to Shopping, Transit and Recreation. This Condo is sure to Impress and is a Wonderful Place to call home! PROUDLY MARKETED BY THE DION-IVANS REAL ESTATE TEAM of Royal LePage Kelowna. For more information visit WWW.KELOWNAHOMEFINDERS.CA. (id:2493)
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Wouldn't it be nice if you had all the time in the world to find your next
dream home in Kelowna? You could leisurely browse the current listings, select homes
you'd like to see, schedule visits on dates that are most convenient for you,
and make an offer on a property only after you've had plenty of time to
consider all the alternatives.
Sure, that sometimes happens, but it's not typical. Often, people shopping
for a home are on a timeline. Sometimes a very tight timeline.
So how do you find your next dream home in Kelowna when you don't have all the time
in the world?
First, you need to develop a clear picture of the home you're looking to buy.
How many bedrooms? What size of property? What type of structure (two
story, back split, etc.)? Then, you need to list your preferences. These might
include "large kitchen" or "main floor office".
Once you've completed that exercise, you'll have a more detailed profile of
the type of property you want. That will make it easier to decide which of the
listings on the market you want to see.
You should also narrow down the area (Glenmore, Wilden, Dilworth, Upper/Lower Mission, Black Mountain, Rutland) in which you'd like to live. If you have
three or four targeted areas, and only consider listings in those areas, your
home search will be much faster.
What if you don't know the neighbourhoods well? Visit a few. Drive around.
Explore. Get as much neighbourhood data as possible, such as
demographics, recreational activities, parks, shopping, schools, etc. Then
choose the neighbourhoods that fit your lifestyle.
Finally, the best way to find a new home on a tight schedule is to work with
the right Kelowna real estate agent — someone who, like The Dion-Ivans Real Estate Team, is experienced in the
local market.
Call The Dion-Ivans Real Estate Team anytime!

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Bank of Canada Interest Rate Decision - December 5, 2018

The Bank of Canada left its target for the overnight rate unchanged at 1.75 per cent this morning. In the statement accompanying the decision, the Bank noted that growth in the Canadian economy will be challenged by Alberta's cutbacks in oil production but investment outside of the energy sector is expected to strengthen.  On inflation, the Bank judges that prices in the economy are evolving in a way consistent with an economy operating at full capacity.  Given the Bank of Canada judges the economy is currently acting at full capacity and inflation is running slightly above its 2 per cent target, its bias remains tilted towards “normalizing” its policy rate back to its estimated neutral level of between 2.5 and 3.5 per cent.  With that bias in place, the timing of rate increases, rather than their direction, is the more pertinent issue.

However, the deep discount for Canadian Western Select oil, and the ramifications of limited Alberta oil production, is one reason to be skeptical that the Bank will accomplish its objective to return to a neutral 3 per cent rate over the medium term. However, other cracks in the economy are starting to appear as well, including the highly publicized closing to GM’s Oshawa plant which will have a material impact on growth in Ontario.  Those factors, along with a slowing housing market across Canada and a potentially sharp slowdown in US economic growth next year, may give the Bank pause.  For those reasons, our baseline forecast is that the Bank will only be able to bring its overnight rate to 2.5 per cent during this tightening cycle.

Copyright British Columbia Real Estate Association. Reprinted with permission.”

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NEW LISTING
We just listed a new property located at 1390 Dilworth Crescent in Kelowna.
UPDATED TOWNHOME IN THE CITY HOMES DEVELOPMENT!! This 2 Bed + 2 Bath Home has lots of UPGRADESHardwood Flrs, Stainless Appliances, Travertine Backsplash and Modern Paint Colors throughout! Both Bedrooms are Spacious and offer Good Privacy! The Home enjoys lots of Natural Light being an End Unit and has an Attached Single Car Garage that includes a Workbench + Shelving. At the Front of the Home is a small Courtyard perfect for enjoying morning coffee and a small deck at the back of the home made for barbecuing! The location is stellarclose to Downtown, The Rec Center, Shopping & Parks! PROUDLY MARKETED BY THE DION-IVANS REAL ESTATE TEAM of Royal LePage Kelowna. For more information visit WWW.KELOWNAHOMEFINDERS.CA. (id:2493)
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Selling your house at any time of the year can be an overwhelming and often dreaded experience.

WAIT!

Let's rephrase that! Selling your house feels GREAT! Showing your house? Not so great.


With all the hustle and bustle of people coming and going mixed with the chaotic flow of the holidays, it's no wonder you are feeling so stressed out. Not to mention, homeowners often talk about the horrors of selling a house during the winter months.


Don't listen to them! Because The Dion-Ivans Real Estate Team has a secret for you!


People love the holidays!

How is that a secret? Well, it's not exactly. The secret is that you can utilize buyer's holiday nostalgia to increase your chance of an offer!

Let us set the scene, or rather, help you set the scene! Imagine you walk into a bright clean home. It smells like fresh baking, there is a wreath on the door, pine-tree garland up the banister, and a poinsettia on the table. The bows on the kitchen cabinets are an amazing touch, and the candle and pine-cone display on the fireplace mantle is darling! Sounds like a cozy home doesn't it? They will think so too!

However, it isn't as simple as placing a few decorations here and there, and that is why The Dion-Ivans Real Estate Team have come up with the following tips to help you get started!

Staging Your Home For The Holiday Buyer


Baby It's Clean Inside!
Don't just tidy for your potential buyers-CLEAN! We want those walls washed and floors sparkling! Don't forget to sweep or vacuum under the furniture; Santa is watching! The more clean and fresh a home looks, the better the buyer feels about it.

Less Is More, Less Is More, Less Is More!
We know you want to feel like your space is your own, but your space it through that door and inside your new home! This space is now your buyers. Be sure to declutter as much as possible, so the buyer can really imagine themselves living in the house. A few well placed decorations will go a long way, but they will be entirely missed if all they do is add to the chaos. Keep your decor simple, tasteful, and clean!

Do You Hear (Taste, and Feel ) What I Hear?
You really want these buyer to feel at home because, hopefully, they are! Crank up the heat and let them feel the warmth, have some gentle holiday music playing softly in the background, and don't be afraid to bake a few holiday treats for them to sample. Not only will it smell delicious, but the longer they stay, the more time they have to admire the idea of living there. Just remember to clean up after!

Expert Tip!

If you can, try and keep your decor 'holiday neutral', and bake a gluten free goody option! A bottle of wine or sparking fruit juice never hurt either!

If you follow all these holiday tips -hopefully- one of your buyers will be home for the holidays!

Looking for more expert staging tips, and selling/buying advice? Visit our Blog

OR

If you're ready to buy or sell your home, contact Kelowna's leading real estate experts The Dion-Ivans Real Estate Team!


Until next time, We Wish You A Merry Sale!


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NEW LISTING
We just listed a new property located at 4466 Trepanier Road in Peachland.
TONS OF OPPORTUNITY WITH THIS 7.12 ACRE PROPERTY!! The large home features an open concept design with stunning vaulted ceilings on the upper floor. Enjoy total privacy on the deck that overlooks the tranquil creek running through the property!! The lower level features a huge rec room & access to the AMAZING 40'X35' SHOP/GARAGE with over height doors. There is room for all your toys, boat, RV, & vehicles!! The upper portion of the property is approx 5 acres with TONS OF POTENTIAL...there are many gravel pits in the area - other permitted uses may include greenhouses, sawmills & agriculture ect. THIS PROPERTY IS MARKETED BY THE DION-IVANS REAL ESTATE TEAM of Royal LePage Kelowna. Call/text (250-575-5255) for more information or visit WWW.KELOWNAHOMEFINDERS.CA. (id:2493)
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Imagine this scenario...
You're shopping for a new home in Kelowna. You drive to visit a new listing. As you
walk through the front doors, you're impressed. Every room looks fantastic.
You see yourself relaxing on the spacious patio, cooking in the modern
kitchen, and enjoying evenings with the family in the cozy living room.
Your emotions are on overdrive. This is your dream home!
Should you make an offer? Probably. In fact, you should make that decision
quickly in case there are other interested buyers.
However, your decision shouldn't be guided purely by emotion. You want to
make sure you take practical matters into consideration too.
For example, you'll want to consider:
· Is the property within your price range?
· Does it have everything you need?
· Do you like the neighbourhood?
· How old is the property? Are there items, such as the furnace, that
may need to be replaced soon?
· Will it need any major repairs or upgrades?
· What are the average monthly costs of carrying the home? (Property
taxes, utilities, etc.)
Once you've considered the purchase of the home from a practical
standpoint, you'll have a lot more confidence in your decision when you
make an offer.
Need help? Call The Dion-Ivans Real Estate Team today!

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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.