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Auto Search for Foreclosures or Court Ordered Sales

If you or someone you know is interested in keeping your finger on the pulse in the real estate market in Lake Country and Kelowna, we can set you up to have these sales go automatically into your “inbox”.  No more logging on to MLS and re-entering all your criteria.  We can set the criteria and parameters for the properties you are interested and weed out all the undesirable ones.  read on ..


Foreclosures and Court Ordered Sales in BC

stimulus plan way and foreclosures end from Crestock High Quality Images With all the hype of foreclosures in the US, particularly Arizona and California, many Canadians are wondering how they can take advantage of the same opportunities here in BC. Foreclosures in BC are called Court Ordered Sales.  The process of purchasing a court ordered sale is very different than in the US and even different from a typical real read on ..


4. How will I price my home in the future?

As we are in a down trending market, this is a very good question.  I’ve seen many sellers reject offers on their home to only accept a significantly lower offer later because their property value declined even more.  If you think the prices of homes are going to decline further, then price your home competitively from day ONE!.


5. Let’s Analyze the market together thoroughly.

This is where the experience of The Share Team comes in handy.  I’ve seen many agents put about 2 minutes worth of work into arriving at an asking price.  It takes time to look at all the properties currently listed, (your competition), recently sold and even expired.  Why expired listings you may ask?  These listings are good to research to find out what went wrong so that we can avoid read on ..


3. Buyers are Educated on Home Values too.

Many seller’s hope that their Realtor will find someone one that is willing to pay more for their home than it’s really worth.  Will this happen?  Who knows, sometimes it does, however will it happen enough to rely on….no.  Remember a good agent will review the same data with the buyer they are working with.


2. Forget About What Your Home Used to be Worth!

The real estate market changes daily similar to the stock market.  The Share Team is constantly analyzing sales and data in Lake Country, Kelowna and other parts of BC and even Arizona.  Homes, expire are withdrawn from the market, sell and new competition comes on the market all the time.  Real Estate prices don’t adjust as quickly as stock prices, however the market does change.  Focus on what your property read on ..


1. Be Objective

Try to be as objective as possible.  Yes you have many fond memories and have even perhaps put a great deal of sweat and tears into your home, however a buyer doesn’t look at that.  A buyer is more concerned with the condition of your home, location and size.


What is Market Value?

International Valuation Standards defines market value as “the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arms-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently, and without compulsion.”


What Market Value is Not.

It is not the price you paid for the home plus some improvements you made and real estate commissions. It is not how much your  friend, in-laws, attorney, accountant, dentist, brother with a real estate license, neighbor or anyone else thinks your house is worth unless they are willing to buy it at that price and you are willing to sell it at that price. It isn’t what you paid for the home read on ..


Why do I have to give a deposit? Will I get it back if I back out of the deal?

A deposit is a “stakeholder”.  I signifies   Seller that you are serious in proceeding in purchasing their home.  The deposit is not a “down payment”.  It will however, go towards the purchase price balance upon closing.  The deposit it held in a “trust” account which is regulated and is a separate account.  Whether a deposit is returned depends on the situation and what caused the deal to collapse.  The Share read on ..


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