Vrecko Real Estate Group proudly presents Comedy for a Cause for Autism Okanagan, featuring the best stand-up comedians in town. 100% of the proceedings will go toward this important cause. The event will be held on the 20th of May at 6:30 pm at Dakoda’s Comedy Lounge. Tickets will be available at the entrance; to reserve, contact 250 860 9500 or visit kelownacomedy.ca
Quincy Vrecko & Associates announces brand refresh
Quincy Vrecko & Associates, a luxury real estate company based in Kelowna announced today that it has completed a brand refresh and will be called as the Vrecko Real Estate Group with effect from today.
With more than two decades of experience in the luxury industry, Quincy Vrecko, the founder of the company is the lead luxury estate agent of the firm. “This is a major milestone for our team” stated Quincy. Being the pioneer of exclusive luxury real estate in Kelowna, it is my belief that moving forward Vrecko Real Estate Group will be synonymous with “redefining real estate”, he further added.
“Years of success was built on one another, our team became bigger, and our business grew” said Tracey Vrecko, the female force behind the top real estate team at Vrecko Real Estate Group. “This is a new chapter to continue our journey with a fresh look that reflects the company we’ve grown to be” she further added. Together with her husband Quincy they have created the Vrecko brand and have built a team of top real estate professionals specializing in family homes and luxury estates in the Okanagan region.
Visit www.quincyvrecko.com for more information.
The team at Vrecko Real Estate Group specializes in Luxury Real Estate, Waterfront properties, family homes, townhouses, and condominiums along with commercial property and residential development.
30th March 2022, KELOWNA, BC
Media Contact – Yure Ka – Marketing Coordinator | email@example.com | 250-868-3602
The current real estate prices in Kelowna are soaring to record highs. With low inventory and high demand bidding wars and above-list-sale prices is a common norm. QVA is here to help you navigate this hot seller’s market to get your home’s worth. Here’s how:
When the listing hits the market, typically a seller will want to pick a date to review any offers. With so many buyers from out of our market area, you want to give enough time from when the property is listed to when you are looking at potential offers.
When presenting a home for sale in today’s market, marketing is essential to attract buyers and highlight features that show value. Our team offers several ideas to prepare the home for sale and offer full marketing packages that include:
- Clear photos of each room and outdoor area
- Floor plans with room measurements
- VR tours with hotspots detailing features
- Digital feature sheet
Understanding the logistics of a deal can help ease any stress that comes with the process. Real estate transactions are very stressful and it’s important to allow ample time for the documentation to take place smoothly. QVA is one of the best in Kelowna in providing you with a stress-free documentation and transaction process.
There are other smart strategies with respect to deposit and price that can help you choose the winning bid from a pool of multiple offers. Each scenario is different, therefore, having a professional realtor with experience in working with multiple offers representing you is paramount to get your home’s worth.
Multiple offers can be overwhelming for both buyers and sellers and there can only be one winning bid. The team at Quincy Vrecko and Associates has helped sellers navigate through this very active market. Using a professional realtor is more important than ever to advise on your largest and most important investment.
This year is exciting for us here at the QVA. In order to maintain quality service here at the QVA, we ramped up the support team and included two talented people to our office and they deserve a proper introduction. Please welcome…
Michelle Comba – Office Manager
Our latest inclusion to the team is Michelle who is our office manager. Michelle comes with 10 years of extensive experience working in the real estate industry. In addition, with years of experience in sales and a great understanding of office functions, not to mention her cool personality, Michelle is very valuable to us. Outside office hours Michelle loves to read books, bake, go camping and fishing with her son and husband. She loves everything about the outdoors of Kelowna and what it has to offer.
Yureshini Kangaraarachchi – Marketing Coordinator
Yureshini (AKA Yure Ka) joined our marketing team end of 2021. Yuri creates content for our digital media platforms and handles all the marketing requirements of our Sales Team. Prior to QVA she was exposed to handling PR and Marketing to both public and private sectors. Outside the office Yuri is pursuing her professional education in Data Analytics. Besides academics, she loves to paint and dedicates most of her time with her beautiful daughter and husband.
Quincy and I are happy to announce that Sensitive Santa will once again make a stop in Kelowna this year! Sensitive Santa visit is a private one-on-one meet and greet moment for children who have sensory sensitivities to have memories that can be cherished forever. This initiative is possible with the continuous support of the Orchard Park Mall and Autism Okanagan for families living with a loved one on the Autism spectrum to meet Santa in a sensory-friendly environment.
The idea of creating Sensitive Santa came up to Quincy and I after seeing our son Paxton who has autism, found it difficult to enjoy a visit with Santa amidst large, loud crowds and bright lights at the local mall. We realized organizing an event like this would not only benefit our son, but also all families living with a child who has sensory sensitivities. With the immense support of the Orchard Park Mall and Autism Okanagan we are now able to control the environment and make it possible where children can meet Santa in an atmosphere where they feel comfortable and relaxed.
The event ensures:
- After hours-in order to prevent large crowds
- Appointment only visits – A private 5 minute session for each family so no waiting time!
- Turn off the music and dim the lights – To enhance sensory-sensitive environment
Autism Spectrum Disorder (known as ASD) is a range of conditions. They are characterized by challenges with social skills, repetitive behaviors, speech and nonverbal communication. In Canada, 1 in 68 children are currently diagnosed with autism spectrum disorder. This makes Autism the fastest growing and most commonly diagnosed neurological disorder in Canada.
2020 was a tough year for all of us. With the pandemic, we had to sadly cancel our 2020 Sensitive Santa visit due to safety measures. This year we are optimistic and look forward to embrace the magic of Christmas with COVID -19 protocols taken into consideration.
Sensitive Santa 2021
Sensitive Santa will visit Orchard Park mall on the 5th and 12th of December from 6:30 pm to 8:30 pm. The visits are by appointment only through prior registration. To reserve your spot visit http://sensitivesantaokanagan.ca/register/ today!
Every time you drive down the Pandosy/Lakeshore stretch you are reminded that at one time Kelowna was just a sleepy beach town with small markets and beach access as far as the eye could see. Over the past few decades, the city has seen tremendous growth with new urban projects making many to consider a permanent relocation to this ever-growing city.
The Pandosy/Lakeshore area has always been regarded as the crown jewel of Kelowna. As we wait for the roadways to catch up, we are seeing new multi-family developments popping up regularly in this area. In the next two to five years the area as we know it will be even more different than remembered. With the onset of the redevelopment of Hiawatha RV Park, as well as the recently started Movala and soon to be constructed Aqua development near Truswell, it is apparent the changes are rapid, whether we are ready for them or not. From a perspective of growth and vitality, it feels somewhat exciting to watch the once sleepy beach town grow into a small yet vibrant city. It doesn’t come without a tinge of sadness for what Kelowna was and a hope that we can preserve the character of the agriculture, lifestyle, and beach life that many have come to know and love.
In 2008 we saw the addition of Playa Del Sol, a resort-style condo building that featured an outdoor pool and deck in one of the most sought-after locations just across the street from the famous El Dorado and Manteo Resort. Whether we were fully aware or not, the redevelopment of Lakeshore as we knew it had begun. 2015 brought The Lakeshore at Manteo, an 18-unit townhouse development with a pool on the lake; fast forward to 2017, Kelowna saw the highly anticipated completion of Sopa Square after many delays. The well captured artsy feel in the Pandosy/Lakeshore area is evolving to feature high-end living, a stone’s throw from the beach.
As residents begrudgingly try to make their way to and from Upper Mission the changes are coming fast and furious. Movala’s construction began after residents of the RV park enjoyed their last summer kitty-corner to Gyro Beach. Caban by Cressy will begin construction quickly although it is entirely sold out. Hiawatha RV Park has been removed and the giant open space will become rental only condos developed by Mission Group. A roundabout is being installed to help with the flow of traffic, disrupting it in the interim. As we near Truswell the wallscape speaks about the ingenious Aqua Boat Valet facility that is purely holding space for the upcoming multi-building Aqua development featuring three buildings and an indoor boat storage facility. It will also feature a new boardwalk which would bring new life to the existing boardwalk connecting the El Dorado and Manteo and hopefully more waterfront dining that is surprisingly scarce, given the size of the waterbody we are so lucky to reside amongst.
The implementation of the Resort District is unfolding all around us and brings mixed feelings for many and the resounding hope that we will be able to preserve the character of the once small farming and beach community while it transforms into a larger city. What do you feel about the transformation of Pandosy/Lakeshore?
About the author – Shandel Rodrigue
Shandel’s passion for the real estate industry grew during her time in the banking sector as a Mortgage Advisor. She comes with extensive experience in administration, client care, and sales and truly enjoys keeping an office running optimally. In her personal time, she enjoys being as close to the water as possible as well as exploring the Okanagan valley with her loved ones.
When it comes to selling your home, many things come into play: the current market climate, the location, the price, your realtor, etc. In a hot market like today’s, making your home stand out and attracting those offers is incredibly important. At Quincy Vrecko and Associates, we work hard on marketing your home and shining a light on all its best features. From photos and virtual tours to brochures and social media, we have you covered. Our marketing assistant Eva Caouette gives us her best advice on marketing your home.
Why is marketing so important in today’s market?
Many homes are selling with multiple offers and over listing price, which is inspiring a lot of people to enter the market. The first few glances at a listing brochure, website, and photos can make an entire difference. Choosing a knowledgeable, experienced realtor with great marketing can bring in those extra offers getting you top price for your home. At QVA, we want to make your home stand out and attract attention. Some of the many marketing tools we provide:
- High quality photography
- Virtual reality tours
- Stunning brochures highlighting your home’s best features
- Social media posts and advertisements
When marketing a home, what kind of information do you need to know?
When it’s time to put your home on the market, I want to know everything about it that makes it special. Whether it be the neighborhood, the layout, the yard, the views, etc. Every feature matters when it comes to marketing, what may seem ordinary to you may actually be what sells your home. Especially during current COVID-19 times, many people rely on photos and online descriptions when searching for a home. We want readers and potential buyers to imagine themselves living and walking through the home, enjoying all of its features. Keep this in mind when talking with your realtor, and let us know what you think makes your home stand out.
What are the best ways to prepare a home for ideal presentation?
Preparing your home for photos is very important, and there is lots you can do to prepare.
- Of course, make sure your home is clean! This seems like an obvious point, but deep cleaning your entire home can be very time consuming, so make sure you prepare in advance.
- Staging: Staging doesn’t always have to be expensive. This can simply mean setting up your empty spare room to look like an office, or setting up some wall art. When potential buyers look at your home’s photos, give them the opportunity to see the greatest potential your home has.
- De-clutter: A clean home is one thing, but there is more you can do to ideally present it. Some things that aren’t considered clutter in our day-to-day lives will stand out in photos, such as phone chargers, toothbrushes, slippers, etc. Temporarily putting away personal belongings such as family photos, hanging jackets, shampoo bottles, can make a huge difference in how your home presents.
Selling your home is an exciting time, and we at QVA want to take any stress away. Trust us to make your home stand out in this market, and follow our tips to bring out its best potential!
Entering the housing market can be such an exciting and overwhelming time, understanding the logistics of a deal can help ease any stress that comes with the process. We talk to our expert and office manager Shandel Rodrigue about deadlines and documentation flow in this current market:
How would you describe today’s housing market when it comes to deals?
“Canada’s Housing Market is Red Hot” is something we have continued to hear regarding the current housing market since last year. Although we have seen a marginal slow down, we are still facing a high volume of deals that are still coming up on closings. Take that and mix it with recently written business deals and we have the tight timeline climate we are currently facing.
How is this affecting the industry?
Funding representatives, realtors and lawyers, and inspectors are all facing higher volumes than they have ever seen. It has been said that Kelowna lawyers recently faced some of the highest volumes in history. This is wonderful for realtors and other entities in the industry, as well as home buyers, but it might reduce the amount of time you thought you had to get your affairs in order for your real estate transaction.
How does the documentation process work within a deal?
Upon the accepted offer of your subject property, you will receive a completed Contract of Purchase and Sale (CPS). Upon receipt, this needs to go to your funding representative and lawyer of your choosing. Some lawyers in the Kelowna area aren’t accepting files that close on or after early August, so getting them your CPS regardless of the closing date allows you to reserve a spot in their schedule.
Ideally, if you have a financing subject, along with the other standard subjects such as inspections and review of strata documents (specific to condo and bare land strata purchases) the ideal threshold for full subject removal is 10 days. During these 10 days, not only will you be arranging partners to try to satisfy each subject, but your funding representative will be submitting for approval and lawyers will be getting your file ready for closing.
Once subjects have been removed, your Subject Removal document, along with the authorized Title and Property Disclosure statement (in most cases) will also need to get to your funding representative and lawyer so they can continue to move the file along. If each partner in the process has enough time to do their due diligence and submissions, deadlines can be met with ease. If there isn’t enough time, subject removal dates have to be adjusted and everyone is left in the lurch and dates have to be moved. If you are facing a purchase where some of the standard subjects aren’t taken into consideration the timeline can be different, but these are things to keep in mind for your average transaction.
What are your tips to meeting deadlines and making sure the deal runs smoothly?
Real estate transactions can be stressful for anyone, that is why I am a big believer in allowing the necessary amount of time to make sure everyone can attend to their part of the puzzle. If you are working with us I will be the one taking care of this liaising for you. Coming from a mortgage background, I know firsthand the importance of all parties being up to date and properly informed as the transaction proceeds. As long as you have the right team of professionals assisting you along the way, we can keep each stage completing as seamlessly as possible. Good luck and happy house hunting! I look forward to speaking with you!
The 2021 Real Estate market has been like never before, and the prices of homes have experienced a huge jump overall with some of the lowest inventory we have seen. Big White is no exception: Steve Hyndman specializes in recreation properties and gives us the inside look into the Big White market, what has caused this shift and what we can expect to see as a result of this crazy market!
How has the Big White Market Changed in 2021?
Before the pandemic, Big White had a very balanced market, I would even say it was a buyer’s market. Due to covid, Big White sales have started to explode and that has caused inventory to dry up.
What has caused this shift in the 2021 Big White Real Estate Market?
- The Rental Market is Hot
Many factors have contributed to the shift we are seeing in the 2021 Big White market. The pandemic has caused many of the people that currently own Big White properties to rethink listing in the current climate. Since Big White is a winter recreational resort, they are usually secondary properties and tend to bring in great rental income, especially now that the rent has gone up due to more people staying local and travel has become less frequent.
- Out of Town Buyers
Another major factor in the low inventory is a high number of out-of-town buyers that are ‘safe haven’ buying. Big white is a great place to self-isolate and offers guaranteed rental income. The pandemic has caused interest rates to go down, and that has a huge effect on the movement of Big White properties as well.
- Low-Interest Rate
Because the interest rate is so low right now, it is making recreation properties more serviceable in terms of debt load, and this is causing buyers from all over a jump on the opportunity!
- Small Market
Big White has always been a smaller market and it is a great selling point. A lot of people buy at Big White because it provides a great feeling of community, has some of the best Ski-in & Ski-out properties, and is close to major cities. Big white being a small resort has caused it to be very reactionary to the changes we have been seeing in the 2021 Real Estate Market overall.
How do you think Big White will continue to be affected?
Big White has always been a more affordable option in the Okanagan, but recently it has exceeded the last market peak in 2008. In the past 8 to 10 years, there hasn’t been much development, and I predict this will change in the next 2 to 5 years. Prices at Big White are back up but there have not been any new builds, meaning no new inventory has been added to the market in almost a decade! That sounds like an untapped opportunity. I think you can expect to see new developments and expansion at Big White.
Entering the current Okanagan Real Estate Market can be a scary yet positive experience. It’s important to be informed, so we asked Charlene Volk to answer some questions you may be asking yourself.
Why is it important to use a realtor when buying or selling in this current Okanagan market?
Our current Okanagan Real Estate market can be tricky to navigate! An experienced Realtor can provide you with the knowledge you need to make an informed decision. But it’s not just as simple as picking any Realtor. Trust is key – get to know your Realtor, let your Realtor get to know you. Choose a Realtor that you are comfortable communicating with, one that has the knowledge, experience, and dedication required to guide you through the process. At QVA we are committed to providing you with the best service possible!
What are the risks of unconditional offers?
There can be many risks associated with unconditional offers. Are you ready and willing to accept those risks? My go-to response with unconditional offers is “Just don’t do it”. However, having said that, in some instances, it may be an option for you. It’s really dependent upon each individual unique situation.
Before making such an important decision you may want to consider:
What if something goes sideways?
What if the sale on your current home collapses and you are not financially able to carry the cost of both properties?
What is there are issues with the home that could have been discovered in a home inspection (i.e. outdated plumbing or wiring, asbestos, former grow op)
What if you are preapproved but your financial situation changes suddenly?
What if the bank requires an appraisal and the appraisal comes in lower than expected?
These are just a few things to consider and you should always discuss these and other risks with your Realtor prior to making an offer.
What are your tips for first-time homebuyers?
Your first home is usually your first big investment. It’s an exciting time but it can be overwhelming if you’re not familiar with the process.
First and foremost choose a Realtor to guide you along the way! Your Realtor can aid you each step of the way and make things much less stressful for you.
Get preapproved – Before you start looking for that new home, make sure you know exactly what you can afford. The last thing you want to do is find the perfect dream home only to discover you cannot qualify to purchase it.
Create a budget – There are other costs involved than just purchasing your home. Your Realtor and mortgage professional can help you determine the other costs you will need to consider. Legal fees, Property Transfer Tax, Utilities, Taxes, maintenance, strata fees, etc.
Determine what your needs and wants are – create a wish list and discuss it with your Realtor. Some things to consider while making your wish list: Are there certain neighborhoods you prefer? How many bedrooms/bathrooms are a must? Are you willing to look at a fixer-upper or does it need to be move-in ready? Your Realtor will help you narrow down your wish list and save you valuable time by looking at the appropriate properties for you.
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