Risk Vs. Reward in the Kelowna Real Estate Market

If you are thinking of buying a home in Kelowna but your worried about the state of the current market keep these things in mind:

• Interest rates are incredibly low

• Inventory levels are incredibly high

-There are a lot of homes for sale so the competition is great....therefor deals are great and selection could not be better.

• Rental rates are very decent

-If you pick up a property as an investment it is a fine time to find a tenant and get a decent amount of rent from them...many people find they can still completely cover their mortgage with the rent they collect.

• Prices have been corrected

-Kelowna has seen the largest proportion of its price correction already. Places like Vancouver and Toronto have yet to see the bottom as far as prices go. Many people get confused with what is going on in the market because the media only seems to focus on the larger markets (Vancouver and Toronto). If you are looking for property in Kelowna you need to disregard the news and talk to the people who are working in the city and know first hand what is going on.

You really need to think Risk Vs. Reward. The rewards are great when you buy in a down market as everyone knows. The mind set when buying real estate should ALWAYS be think ‘long term.’ You can sometimes make money in the short term but don’t count on it. 

If you are wanting to capitalize on the down market don’t wait too long just to save a small percentage because once things turn around it will be too late. You may lose a bit of equity right away BUT you will be able to lock into a great mortgage rate and have the highest number of potential homes to pick from...then you can rent the place out and start paying the place off right away....what good is saving 10k in equity if interest rates jump 5%?

There is no time like the present.....

TREVER FLORKO - Realtor
Century 21 Assurance Realty Kelowna
Cell: (250) 859-5990
Office: (250) 869-0101
Fax: (250) 869-0105
Visit my WEBSITE
Follow me on TWITTER
Follow/LIKE me on FACEBOOK

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PS. Your referrals to friends and family are always greatly appreciated and rewarded.

New Listing! Great Rutland North 2bed Town Home. 209k

Only $209,900!

To View 21 High Resolution Photos and get tons more informations visit: www.220asher.com 

Great Valued Rutland North Town Home

Town home end unit in Asher Court within walking distance of all amenities. Open concept on main level featuring tile and laminate flooring and bright kitchen with island. Bedrooms and laundry room on lower level. Deck off kitchen area with large back and side yards. Priced below assessed value!

Nearby schools are: Rutland Elementary, Rutland Middle and Rutland Senior Secondary.

Nearby amenities include: Ben Lee Park, YMCA/YWCA, Boys and Girls Club, Rutland Arena, BMX Track, Okanagan Gymnastics, McCurdy Bowling, Grand 10 Theatre, Energy Plex, Rutland Parks, Kelowna Public Transit and so much more!

To View 21 High Resolution Photos and get tons more informations visit: www.220asher.com 

To set up showing call:

TREVER FLORKO - Realtor
Century 21 Assurance Realty Kelowna
Cell: (250) 859-5990
Office: (250) 869-0101
Fax: (250) 869-0105
Visit my WEBSITE
Follow me on TWITTER
Follow/LIKE me on FACEBOOK

Follow my BLOG

See the full gallery on Posterous

What are you paying your Realtor for?

good enough.pdf Download this file

TREVER FLORKO - Realtor
Century 21 Assurance Realty Kelowna
Cell: (250) 859-5990
Office: (250) 869-0101
Fax: (250) 869-0105
Visit my WEBSITE
Follow me on TWITTER
Follow/LIKE me on FACEBOOK

Follow my BLOG

PS. Your referrals to friends and family are always greatly appreciated and rewarded.

Did your Realtor do you a good service? Did you check?

So you have or had your home for sale and you feel the price is pretty good but your not getting very many showing. Why could that be? Have you taken the time to look at what your marketing materials look like on MLS and any of the websites your agent advertises on? I find that a lot of sellers don't take the time to check up on the work their agent is doing. This really confuses me since we all know how much you sellers pay in commission…a lot! Now I am not saying that there aren't Realtors out there who deserve what they get paid…Some even deserve a lot more! There are unfortunately some agents out there who do not deserve the money they are getting paid. It is your responsibility as a seller to check up on the work your agent is doing and make sure you are happy with the job being done. There are some agents out there who work very very hard to sell their listings. There are also some agents out there who work very hard to get listings then they seem to back off on the work and let the place sell itself. In some markets that will even work…but not today!

In today's market you have to do more not less to sell your listings. There are more listings for sale in any given sector of the market then there have been in a long time. You need to stand out from the crowd. When a buyer is searching through the active listings and they are feeling overwhelmed because there are so many places for sale they are being very selective. The first thing the vast majority of buyers are doing is checking out the pictures. If the pictures do not grab their attention they move right onto the next listing. I have compiled below some comparison photos of listings that were for sale with another agent then they either expired or were withdrawn from the market due to the fact that they did not sell. Then I picked them up and sold them! How did I do it…well other then advertising my listings in over 100 online locations I hire a professional photographer to take 21 or more high quality photos. I then hire a graphic designer to use these photos to market your property in a way that will attract the most attention from prospective purchasers. Making your property stand apart from the crowed is the first step in getting an offer…If a picture is worth 1000 words lets make them good words;-)

(You will see my picture followed by the picture taken by the agent who had the listing before me)

My Picture (above)

Their Picture (above)

My Picture (above)

Their Picture (above)

My Picture (above)

Their Picture (above)

My Picture (above)

Their Picture (above)

My Picture (above)

Their Picture (above)

Their Picture (above)

Their Picture (above)

To see more examples CLICK HERE

TREVER FLORKO - Realtor
Century 21 Assurance Realty Kelowna
Cell: (250) 859-5990
Office: (250) 869-0101
Fax: (250) 869-0105
Visit my WEBSITE
Follow me on TWITTER
Follow/LIKE me on FACEBOOK

Follow my BLOG

PS. Your referrals to friends and family are always greatly appreciated and rewarded.

Some examples of my photos vs. photos taken by other agents

Some examples of my photos vs. photos taken by other agents:

My Photo (above)

See the full gallery on Posterous

Their Photo (above)

Their Photo (above)

Their Photo (above)

My View Photo (above)

Their View Photo (above)

My Photo (above)

Their Photo (above)

My Photo (above)

Their Photo (above)

My Photo (above)

Their Photo (above)

Their Photo (above)

So there you have it...I could go on and on and on but I think you get the point. Quality sells. Which pictures would you rather have if it were you selling your home? The ones taken by a pro or the ones taken by your agent camera phone? In order to have your home showcased in the best possible way and greatly increase your chance of selling call me today! 250-859-5990 

I’m heading out to hand out 400 “new home on the market” flyers in 5 buildings! The things I do for my sellers:-)

So I'm heading out to hand deliver nearly 300 'Just listed in your neighbourhood" flyers! You never know who is looking for a place just like the one I have listed in the building right?! Just one more way I go above and beyond for my sellers!

TREVER FLORKO - Realtor
Century 21 Assurance Realty (Kelowna)
Cell: (250) 859-5990
Office: (250) 869-0101
Fax: (250) 869-0105
Visit my WEBSITE
Follow me on TWITTER
Follow/LIKE me on FACEBOOK

Follow my BLOG

PS. Your referrals to friends and family are always greatly appreciated and rewarded.

NEW PRICE! Great 3 bedroom end unit town home now only 319k!!

This perfect 3 bed, 4 bath family townhome is centrally located! Main level kitchen features: generous cabinetry space, tiled backsplash and white appliances. Upper level master bedroom has three piece ensuite with walk in closet. Additional bedroom upstairs with adjacent large loft area could easily be converted into another bedroom. Massive third bedroom is located in the basement level and could be used as a flex room or home based business. There's even more entertainment space in the bonus room/theatre room! Half bath on the basement level with separate laundry room has side by side washer/dryer and extra shelving. Nearby amenities include: Athans Pool/YMCA, Boys and Girls Club, Rutland Arena, BMX Track, Gymnastics, McCurdy Bowling, Grand 10 Theatre, Energy Plex, Parks, Public Transit and so much more! Measurements are approximate only. For 21 high resolution photos, Google Street View, details please visit: www.rutlandtownhome.com or call:

TREVER FLORKO - Realtor
Century 21 Assurance Realty (Kelowna)
Cell: (250) 859-5990
Office: (250) 869-0101
Fax: (250) 869-0105
Visit my WEBSITE
Follow me on TWITTER
Follow/LIKE me on FACEBOOK

Follow my BLOG

PS. Your referrals to friends and family are always greatly appreciated and rewarded.

See the full gallery on Posterous