Buying

Found 24 blog entries about Buying.

Low Housing Inventory Graphic

While Kamloops has an ideal variety of property types, one of the biggest buyer challenges is the city's current seller's market. Those who want to move to the city may be concerned about high buyer competition and limited opportunity to find the exact home they set their sights on. While you should never have to settle on a home that is anything but your dream come true, as a buyer you do have some challenges to navigate. On the other hand, those planning on selling their homes may be able to enjoy the benefits of high demand from buyers, competing bids, and the opportunity to have more control over the price their home sells for. If you're a Kamloops homeowner or you want to become one, here's what Team Cavaliere - River City Realty recommends when

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Welcome to Kamloops, our precious hidden gem nestled in the middle of B.C.'s Southern Interior. We Kamloopsians are all too familiar with the many wonders of the city we call home, and when asked to pick the one place that we love most, many of us simply wouldn't be able to choose!

At Team Cavaliere - River City Realty, we are one of the many who would be unable to tell you just one part of Kamloops that we love best. That's why we want to give a tour of our city that doesn't only zero in on one, two, or three particular neighbourhoods; instead, we are going to show you every beautiful part of this town! Our tour is going to take you through the major geographic areas that make up Kamloops: the North Shore, the South Shore, and all the rest (which

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Congratulations! After endless hours of properties browsed and homes viewed, you've just sealed the deal on the home you've always wanted! Now that you've got your dream home in the bag... what's next??!

THE MOVE

Now that your deal has gone firm, your next step is the move! Now, whether you are moving from your old residence to a new one, getting ready to settle into your first home after renting FOREVER, or getting your new investment property ready for rentals, moving can be busy and chaotic for everyone!

To help make sure you don't miss anything during the moving process, here are a couple of tips from Team Cavaliere to keep you on track:

1) Before you do any packing, make arrangements to arrange the installation of services such as BC

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The British Columbia Real Estate Association (BCREA) has just released the numbers for real GDP growth of the United States for the final quarter of 2016 as well as for 2016 as a whole. These numbers were weaker than expected, at 1.9% growth in Q4'2016 and 1.6% growth for the year; numbers that were influenced by a variety of factors in the U.S.

Notable in this report is the prediction that this trend will not continue in 2017. Most economists are expecting the U.S. economy to achieve a growth rate of about 2.2% this year.

The pace of American economic growth could be a major factor contributing to the B.C. housing market in 2017. While an increase in growth in the U.S. usually means good things for us British Columbians, a stronger pace of

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Happy New Year everyone! We hope that you have all had a happy and healthy start to 2017!

Back at the end of last year, we shared Part I of our discussion on the new B.C. HOME Partnership Program, where we talked about the potential negative effects of the new government initiative. As the Program officially kicked off yesterday, we wanted to make sure you have all the facts before making a move into the market - and that includes the good stuff too!

So, let's have a look at what we believe are some of the most significant benefits to the B.C. HOME Partnership Program:

1) The Program will enable people to enter the market more quickly.

One of the biggest hurdles faced by first-time home buyers is scraping together enough cash for the

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Amongst all of the chatter circulating about the B.C. government's HOME Partnership Program, we thought we would chime in with a few thoughts of our own. While it’s easy for us to simply agree with the government's move to implement this program because we are in the real estate industry, we believe that before we can agree, we must first educate ourselves and our clients on the big picture: an all-encompassing view of both the pros and the cons of this decision.

While I do very much support the B.C. Real Estate Association as well as this government initiative, I have decided to take a different approach to discussing this topic:

What are the negatives?

Negative #1:

Long-term second mortgage = increased potential for buyers to over-extend

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The Kamloops Real Estate Board residential sales statistics for November 2016 have been released, showing an increase in residential sales value of 12.3% compared to November of 2015.  The number of single family residential properties sold was identical to last year’s at  135 units sold; however, fewer homes were listed and the number of active listings was lower as well.

Though active listing numbers were comparatively lower than those of 2015, the   results do follow the trend that we see annually as we move from the busy summer months into the cold Kamloops winter, and the decrease is proportional to the level of activity that we have seen throughout 2016.

The Kamloops Median Residential Price for single family homes landed at $417,300, above

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First time home buyer? Seasoned real estate investor? Average person hoping to learn as much as possible about the real estate industry so that when you're FINALLY ready to buy a home you'll be able to do it right? If you feel like any of these descriptions relates perfectly to you (number 3 is personally right up my alley), the next few minutes of reading will be worth your while!

As adults, our days and weeks are often spent working, studying, exercising, cooking, cleaning, and maybe (just maybe!) getting enough sleep to stay up until 9 o'clock. As we live our busy lives, we often don't have time to stay up to date on all of the goings-on around us - so when we come into some unexpected money, or our kids leave home to live on their own, or life

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Kamloops is rich with rental options, but there's no doubt that buying a home in this rapidly growing city is a very advantageous move. Between 2006 and 2011, Kamloops witnessed a growth rate of 6.6% and is expected to continue growing. This demand has led to the development of a wealth of beautiful new properties in the city, as well as increased variety in property types.

Spectacular, trendy condos and townhomes are being crafted throughout Kamloops, as are stunning new construction homes. Meanwhile, Kamloops' more established ranchers and bungalows are only appreciating, with the average sales price for the city leaping upward. You might be thinking, "If it's a seller's market, why should I buy?" Well — the term "seller's market" can be a little bit

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Thompson Rivers University is one of Kamloops' top employers as well as a major academic draw for students from far and wide. As a result, the university has a noticeable effect on the culture, infrastructure, and overall ambiance of the city. As summer begins the process of winding down, many Kamloopians are getting ready to head back into school mode and real estate can be an essential part of that process. We don't want to ruin your summer mood, but to stay ahead and ensure all the essentials are taken care of before the university year commences, it's good to prepare well in advance.

Likewise, preparing for back-to-school is a central part of August for every Kamloops homeowner — or prospective homeowner— with children attending school in the city.

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