Happy Holidays from the Vrecko team

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We at Vrecko Real Estate Group wish you a happy holiday season!

 

holiday at Big White Snowy View

No matter what you are spending your holiday season doing, we hope it brings you the most joy! There are so many family activities to do during the holiday season in the Okanagan, with many indoor and outdoor options.

Big White Ski Resort

The Nutcracker

SilverStar Mountain Resort

Big White Ski Resort is the perfect getaway during the holiday season. Enjoy a stay in the breathtaking mountain area of Big White while you ski or snowboard down the slopes. Big White is the perfect spot to have a vacation property, Vrecko Real Estate Group loves working with clients to find their dream property at Big White Ski Resort. From your beautiful new property, you can enjoy Big Whites recurring firework show on Saturday nights! Contact our knowledgeable agents to inquire about properties at Big White.

is a holiday classic. Join the Mission Dance Centre & Company at the Rotary Centre for the Arts this season from December 22 – 23 to enjoy a beautiful ballet performance.

304-7700 Porcupine holiday Big White Deck ViewJoin SilverStar Mountain Resort in celebrating the holiday season with many exciting events. Beginning December 21st SilverStar is implementing ‘12 Days of Holidays” where you can win gifts while enjoying the slopes this season. SilverStar also offers many other events this season such as holiday movies, craft nights, and skiing with Santa! 

Whether you prefer to stay home, spend time with loved ones, or have an adventure, from us at Vrecko Real Estate Group we sincerely wish you the happiest of Holidays! We appreciate each and every one of our clients and look forward to the 2023 year with our clients!

SENSITIVE SANTA 2022

Quincy & Tracey Vrecko are proud to announce their 7th annual Sensitive Santa event in Kelowna. Sensitive Santa brings the magical experience of meeting Santa to a sensory-friendly environment for families living with loved ones on the Autism Spectrum. The Vreckos partner with Kelowna Actors Studio and Autism Okanagan to bring this special experience to the Okanagan.

With the Santa you all know and love, you can enjoy a magical meet and greet with him at the new location, 1111 Lawson Ave. This new location gives us the full North Pole village experience. The true feeling of the North Pole with Santa, Mrs. Claus and of course the elves! You are guaranteed to leave the event feeling the holiday spirit!

Sensitive Santa has been an important event to the Vrecko family as they know how difficult and at times unattainable for children living with sensory sensitivities to have a visit with Santa. The teamwork of Quincy and Tracey with Autism Okanagan and Kelowna Actors Studio has made the magical moments of meeting Santa available in an atmosphere that is sensory-friendly.

Sensitive Santa Important Info

  • Appointment-only visits – 5-minute visits to ensure smooth visits and a private experience
  • No music and dim lights make a sensory-friendly environment
  • After-hours and private bookings ensure there are no large crowds

You can register for Sensitive Santa for the 18th of December using the link here

If you do not have a loved one with sensory sensitivities and are looking for a visit with Santa, Kelowna Actors Studio also offers Santa visits every day until December 24th. Make sure to check out their website here to book your private appointment. On select days, Santa visits are even pet-friendly!

Visit the Okanagan Santa website here. Sensitive Santa website here. To learn more about Autism Spectrum Disorder visit Autism Okanagan’s website.

Should You Sell Before You Buy?

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This is a question that comes up often as homeowner looks to make their next move.  The real estate market in Kelowna changes from year to year.  While it might make sense to sell before you buy a new home in some market conditions, it could be risky in others. 


Things to consider before deciding to sell before you buy: 

What type of market is it?

Seller’s market: 

When the market is considered a Sellers’ market the risk is lower if you decide to sell before you buy.   A Seller’s market is when the active inventory of listings is lower than the demand of homebuyers.  This market condition often generates multiple offer situations, giving the seller an advantage to choose prices, terms, and dates that work for you.  However, one thing to note is if you are buying and selling in the same market, you will be faced with the same challenges as a buyer when buying a new property.  

Balanced Market: 

A balanced market is when the number of homes for sale in Kelowna meets the demand of buyers looking to purchase a home in Kelowna.  Typically average day on the market is 90 days to sell, which would give you time to find a property to buy.  These market conditions will lower your risk if you decide to sell before you buy.  And you would have more options

  • Placing an offer on a property with the subject of selling your home
  • When securing an offer, ask for longer possession dates to allow time to find a new home

Buyer’s Market: 

While this market condition is great for buying a home, selling a home can become more difficult.  A buyer’s market is when the inventory of homes for sale is far higher than buyer demand.  Days in our market are well over average and sometimes force sellers to reduce the listing price to sell. This would be very risky to sell before you buy a new home as you risk not only owning multiple properties, you risk buying high and selling low.  Your agent should always recommend selling before you buy or at minimum having a condition to selling your home.  

Are you in a position to carry two properties?

Something to consider when trying to decide to sell before you buy is your ability (and comfort level) to own two properties.  

There is always a risk when you decide to sell before you buy a new home.  And, your decision would be based on weighing out the risk and reward.  Perhaps you secure the home or property that you’ve been dreaming of, and holding two properties is worth that risk.

 

Charlene Volk from the Vrecko Real Estate group reviews the following questions when a client is considering taking the risk of buying before selling.  It’s important to know what you are getting into.

  • As it may take some time to sell your home are you willing to wait?  
  • Does the risk outweigh the reward?  
  • Have you considered the cost of holding two properties?

With all things considered, you should talk to a professional real estate agent before you decide to sell before you buy a new home.  They can review what is the best choice for you and your situation. 

 

Every professional real estate agent at Vrecko Real Estate Group has extensive experience in buying and selling real estate.  Based on your specific situation, they can direct you and give you advice to make the best decision for you and your needs.