This past week we wrote a blog on the process of buying a Kelowna home, so to do a follow up, the team at Quincy Vrecko and Associates have outlined the process of selling a Kelowna home. If you are in the market to sell a Kelowna home, we’ve got great tips for you!

lady shaking mans hand standing considering selling a Kelowna home

Hire a great Kelowna Realtor

Hire a Kelowna Realtor

When you start to have thoughts of putting your Kelowna home on the market, it’s time to think of what Kelowna realtor you will hire. If you are going back and forth whether you should hire a Kelowna realtor or do it yourself, check out, why should I hire a Kelowna realtor?

Prepare your Kelowna Home for Sale

One of the most important steps in selling a Kelowna home is preparing it. Preparing your Kelowna home for sale will not only attract buyers but could result in a great sale. Some ways you can prepare your Kelowna home for sale is,

  • Boost your curb appeal

  • Get rid of unnecessary clutter

  • Hire a professional staging company

Sign your Paperwork

Similar to a home buying process, you are just signing the paperwork to list your Kelowna home. Your Kelowna realtor will go through all the necessary paperwork needed to list your Kelowna home. If you have any questions, ask away. This is your time to familiarize yourself with all of the contracts and paperwork!

Schedule an Open House

The first two weeks your home is on the market tends to be the busiest. That is why it is important to have your Kelowna realtor do an open house within the first few weeks of your Kelowna home hitting the market. You will attract the most potential buyers at once and can in turn drive a sale!

Accept an Offer

Congratulations! You have received an offer on your home. First things first, review the offer with your Kelowna real estate agent. You want to make sure you look over every page to ensure that you know exactly what the offer entails. Once you have accepted the offer, the buyer will go about removing subjects and you can just sit and wait for the good news!

Couple standing beside a sold sign of a home with keys in hand

Subjects are removed, your home is now SOLD!

SOLD!

Best thing to hear from your Kelowna real estate agent is, “they have removed subjects, congratulations, your home is now sold!”. We are so happy for you and for the next adventure you are about to partake in. Now, start packing, cleaning and decluttering so you are ready to go for your next home!

The process of buying and selling a Kelowna home can be quite different but one thing is common, you’ll need a great Kelowna real estate agent to help with your sale. Tracey Vrecko from Quincy Vrecko and Associates is ready to get your home SOLD! Call Tracey to begin the home selling process today, 1-778-760-2860!

 

graph showing monthly statistics for the month of June 2016 in Kelowna real estate

Kelowna Real Estate Market Statistics for June 2016

June was another busy month for the Kelowna real estate market. Posting a 8% increase in Kelowna property values over last month.  Sales volume is down 24% from this time last year due to low inventory levels. The average price for a single family home in Kelowna has reached a record high of $716,474.00.

Historically, the Kelowna real estate market is the most active in the summer months. With lower inventory levels and the high demand for real estate in the Okanagan, this is driving values up in our area.  Buyers are having to pay more for a home in Kelowna than ever before.

Last year in the month of June, the average price for a single family home in Kelowna was only $582,420. This year the Kelowna real estate market has a seen a 23% increase since this time last year making buying an affordable home a thing of the past.

“This increase in values is making it difficult for first time home buyers to enter the market. The good news is that interest rates are still low. Yet finding an affordable single family home is becoming very difficult” – Tracey Vrecko 

Vrecko explains that there are alternative options for first time home buyers looking to get into the real estate market if they can’t afford a single family home.  The listing inventory of condominiums and townhouses in Kelowna is up from this time last year.  This is a great way for a  first time home buyers to get into the hot Kelowna real estate market.

According to the Okanagan Mainline Real Estate Board (OMREB), listings of condominiums and townhouses has increased 8% from this time last year. While single family homes has seen a 7% decrease in active listings.

Whether you are a first time homebuyer or you’ve been through the home buying process before, Vrecko encourages you hire a real estate agent. A professional real estate agent can help you navigate through this hot Kelowna real estate market.  “For most homeowners, this is the their biggest investment”  says Vrecko, “and you should choose a professional real estate agent you can trust, who has experience in buying and selling in your market.”

Tracey Vrecko is a part of the team at Quincy Vrecko and Associates.  She has over 15 years experience successfully helping buyers and sellers with their real estate transactions.  Tracey specializes in first time home buyers, single family homes from 500-1000, townhouses and condominiums in Kelowna and surrounding area. Call Tracey Vrecko today 1-778-750-2860!

 

Looking for a evening stroll? Are you wanting to take your children on a picnic? Kelowna has some amazing parks where you can enjoy scenery and beautifully landscaped areas all in one visit. The team at Quincy Vrecko and Associates have put together a list of the top parks in Kelowna!

Bear Creek Provincial Park

Located in West Kelowna is Bear Creek Provincial Park. With over 170 hectares, this park is sure to have something for everyone in the family. Enjoy canoeing, hiking, biking or just sit at a picnic table and enjoy lunch with your loved ones.

City Park

Another one of the top parks in Kelowna is City Park! Located in Downtown Kelowna close to Highway 97. City Park is one of Kelowna’s hottest parks in the Summer. There are plenty of things to do in this park,

  • Beach Volleyball

  • Take a dip in Okanagan Lake

  • Enjoy the Children’s Waterpark

Mission Creek Regional Park

Head over to the Mission and enjoy another one of the top parks in Kelowna – Mission Creek Regional Park. This spectacular park includes over 12 km of hiking trails, a place for an afternoon picnic and much more! Enjoy the amazing scenery while strolling through this 92 hectare park. Mission Creek Regional Park borders Mission Creek for 3km so take the family on an afternoon stroll and enjoy all this park has to offer!

Waterfront Park

Located on Water Street in Downtown Kelowna, Waterfront Park is home to many Summer activities in Kelowna. Enjoy breathtaking views of Lake Okanagan, and the mountains surrounding you. A walk through Waterfront park truly gives you a taste of what Kelowna is all about.

Kelowna is full of great parks, but that is not only what Kelowna is known for. We also have great real estate. If you are looking to purchase Kelowna real estate, contact the team at Quincy Vrecko and Associates. One of our knowledgeable Re Max  associates are always ready to help you find exactly what you are looking for.  Call one of our Kelowna Realtors today 1-778-760-2860!

 

Are you looking to purchase a Kelowna home? The process of buying a Kelowna home involves a great Kelowna realtor who is going to work with you to find the home of your dreams. Whether you are looking to downsize, upgrade or purchase your first home there is steps to go through to go from searching for your Kelowna home to closing the sale.

Finding a Kelowna Realtor

In order to begin the process of buying a Kelowna home, you need a great Kelowna realtor who can assist you. A Kelowna realtor knows the ins and outs of the market and can help you with the search for your Kelowna home. To find a great Kelowna realtor, check out why should I hire a Kelowna realtor?

Begin your Home Search for Buying a Kelowna Home

Once you have a great Kelowna realtor, it’s time to begin your home search. Your Kelowna realtor will begin by gathering information and criteria for what you are looking for in a Kelowna home. Once your Kelowna realtor has gathered all of your information and criteria, you will then most likely be sent a few homes that tick off your boxes!

Showings!

By far the best part of searching for a Kelowna home is the showings. You get to go through potential homes and search for your future home! Your Kelowna realtor will begin to explain the features of every home and answer any questions you may have. Once you have found one you really like, it’s onto the next step!

Put in an Offer & Remove Subjects

Once you have found a Kelowna home that you love and ticks off all of your boxes, it’s time to put in an offer! This process can be a bit stressful so here are some tips,

  • Know the max you are willing to spend before writing anything on paper

  • Know that this may not go through so keep an open mind on other options of homes you saw and if it does go through, congratulations!

Once you have put in an offer, you’ll have to go through removing your subjects. Depending on what you placed in the initial offer will depend on how this part of the process goes, so ask your Kelowna realtor for some advice on how to remove subjects with ease.

SOLD!

Congratulations, you have just removed subjects on your home and it is now SOLD! You are officially a homeowner and we couldn’t be more happier for you. It is now time to pack, schedule movers and enjoy moving into your new place.

The process of buying a Kelowna home can be tricky and stressful, that is why you need a great realtor to guide you through this process. If you are searching for a Kelowna realtor who can help you find your next home, contact the team at Quincy Vrecko and Associates. Call 1-778-760-2860 today!

 

Are you in the process of purchasing a Kelowna home? First off, congratulations! What an exciting time for you. The team at Quincy Vrecko and Associates want to ensure this Kelowna home purchase is as smooth as possible! First things first, home inspections… why are they important? Do we need to get one done on our potential future Kelowna home? What is the reasoning behind a home inspection?

A home inspector will examine all aspects of the home that you may not notice when walking through the

large magnifying glass over a Kelowna living room

What will your home inspector look for?

home.

Things a Home Inspector will look for,

  • Heating

  • Roof

  • Walls

  • Foundation

  • Electrical system

  • Attic

  • Ceilings

  • Much much more!

The home inspector will be able to give you a detailed outline of what is wrong with the home and what you may have to replace down the road. This can save you money as you know if there will be any big expenses coming up to be aware of and if this Kelowna home is still a contender!

Most of the time a home inspection will be a “subject” on your purchase contract. Now the benefit in placing as a subject on your home is if there is substantial underlying damage on the home that you could not have noticed while doing the initial viewing, you can most of the time, back out of the sale.

We highly recommend attending the home inspection. We especially recommend attending the inspection if you are a first time home buyer as will have more questions about your first home that your inspector can answer. Attending your home inspection has plenty of benefits. The inspector will not only walk through the home and give you and the seller a detailed outline of the condition of the home but they can also walk you through where all of the shut off valves are, inform you of approx life of your roof, appliances etc. and is there to answer any questions or concerns you may have of the home.

If you are still struggling to see the importance of a home inspection, contact the team at Quincy Vrecko and Associates! One of our knowledgeable associates would love to sit down and discuss the importance of a home inspection! Call 1-778-760-2860!