There are currently 61 foreclosures (as of February 7,2010) amongst the entire listing inventory for the Central Okanagan. That is a decrease of 14 properties (-22.95%) in the foreclosure inventory from last month.
The foreclosure inventory breakdown is as follows:
2 Lots and Acreages (both at $115,000) with no pending sales
2 Manufactured Homes ($79,000 ...
Posted by Jason Neumann
on February 8, 2010
Mold can be a serious health risk to any homeowner and the sooner it is detected the better. Having personally lived in a home that had mold in the laundry room I can tell you first hand that it is not something to take lightly. To remediate and repair the affected areas I had to rip out out all the drywall and insulation in the entire room. This work had to be done as ...
Posted by Jason Neumann
on February 1, 2010
Current Active Central Okanagan MLS Listing Inventory as of January 10,2010:
Single Family Dwellings - 1323 properties (a 12.17% decrease from December) including 12 pending offers ranging in value from $49,900 to $15.9M
Strata - Condos - 945 properties (a 11.96% decrease from December) with no pending offers ranging in value from $62,400 ...
Posted by Jason Neumann
on January 15, 2010
Buying a home can be stressful at times especially when it comes to obtaining suitable financing. Mortgage Brokers warn of making radical changes to your finances during the due diligence period and prior to completing. Here is some practical advice for Buyers to avoid causing themselves unneccessary headaches prior to completing their home purchase.
The Top 10 Things not ...
Posted by Jason Neumann
on January 11, 2010
Central banks around the world have pushed their lending rates to historic lows in an effort to stave off a total global financial and economic collapse. As a result interest rates have remained for the most part at these low levels with many investors trying to take advantage of other's mistimed purchases.
2010 will likely be the year when everything changes...
Here’s ...
Posted by Jason Neumann
on January 11, 2010
Buyers have so many choices these days. But after narrowing down the location and selecting the type of home you want to purchase (single-family or condo) , there’s one more decision to make: Should you buy a new home or an existing one?
The answer depends upon both your budget and lifestyle.
Open up your local newspaper on any given day, and you’re likely to see ads from builders touting ...
Posted by Jason Neumann
on January 9, 2010
With mortgage markets still tight, it’s more important than ever to have a good credit score. Having a good score not only increases the odds of being approved for a mortgage, but it can also affect your rate, as the best interest rates are generally reserved for applicants with top credit scores.
Many consumers aren’t knowledgeable about their credit scores—or what impacts them. ...
Posted by Jason Neumann
on January 5, 2010
Granite's life expectancy and general durability have been the subject of much debate over the years. This beautiful stone can be found in bathrooms and kitchens in many high end to typical residential homes and condos. Although considered costly by some consumers there is exceptional value to be found in this phenomenal product. Below is a list of five general misconceptions of ...
Posted by Jason Neumann
on December 28, 2009
There are a total of 63 foreclosures amongst the entire listing inventory. That is an overall change of 4 listings to the overall inventory from October,2009 to November,2009.
Current foreclosures of all Central Okanagan listings represent 1.53% of the total listing inventory!
The breakdown is as follows:
3 Lots and Acreages ...
Posted by Jason Neumann
on November 8, 2009
The following article was written by Don Lawby President of Century 21 Canada:
Bidding Wars
I recently told The Financial Post for its article, "Housing Market Rebound Outstrips Expectations," that I believe any radical upward movement in home prices will be met with a pullback in demand because the economy is still not strong enough to support major increases.
That said, there are a few hot ...
Posted by Jason Neumann
on November 4, 2009