Has anyone ever seen this headline? I can't say that I have. I can tell you one thing for sure, I have about five buyers that are sitting on the fence right now waiting for the front page headline's to say "Now is the Time to Buy"
Correct me if I'm wrong but by the time that anouncement hits the papers, it's too late! The ship has sailed because the media is re-active not pro-active. Things have to happen before they can report.
If you are in the market for a home whether buying or selling, we need to talk. There are great opportunities in the real estate market today however it is only for those that are buying and selling for the right reasons.
Driving around Kamloops today I could not help but notice all the new construction. From the airport expansion to the new best western to the new highrise to the new holiday inn to the new... wow there is so many to mention I just realized how many new projects are curently in the works. Correct me if I'm wrong, but I could not find any evidence of a recession in Kamloops. I can only relate all the hype about the market being in a slump to an old restaurantuer who when asked by others on how is business in his little community, he would lower his head and say it's pretty slow with an inner fear of not letting the cat out of the bag.
I have just spent three days looking through all the dealerships to compare prices on my next car purchase. I know what price range I need so that makes it easy for me to find the best value. As I zipped through all the lots looking for (my car) I realized there were five cars (same year, same model) with a price difference of nearly five thousand dollars.
Was my time worth that much over three days? you bet it is. You can also bet that buyers looking at your home have viewed other homes in your price range and will view any others available at the time. Even if you are priced 2% over market value you run the risk of not selling within your time frame.
SELLERS - As a real estate professional, I am able to place your home at the right price range so you can sell fast and for top dollar without any stress. If the price range is not in your best interest then you will know before you put your home on the market.
BUYERS - As your representative, after we find your perfect home I will make sure you do not pay more than market value (unless you want to) and help make your purchase as smooth as possible.
Since I get asked this on a regular basis, I wrote this blog.
Market slowed down now Huh? Well that depends on what you intentions are. As a seller you may have to lower your price however you will gain the difference when buy you next home. If you are upgrading, the 10% price drop could cost you $30,000 on your $300,000 dollar home but if you buy a $500,000 dollar home you gain $50,000 If you downgrade you might not save as much since there is always the land value which holds it's own. In which case you can always rent it untill the market turns around.
On the flip side, if you are renting now is the time to buy and enjoy the pride of home ownership. With rates as low as they are, it does not make sense to be at your landlords mercy.
Like any investment, you have to analyze your reasons and decisions when it comes a time to buy and/or sell. If you are looking to make $50,000 in equity in six months, I don't think now is the time to buy. It is dangerous to time the market. I have heard many buyers say they are waiting for prices to drop more. True, they can drop more but interest rates can rise making the same house less affordable.
Call me anytime, I welcome the opportunity to talk about your goals when it comes to buying or selling real estate. You'll be glad you did, I guarantee it!
It took 22 years but it has finally happened. The freeway between Kamloops and Vancouver is now Toll Free! Will that help the Kamloops market?. From the lower mainland, Kamloops is only an hour and a half drive and paying $10 each way spoils that sunday drive. Kamloops has come along way from that 'little mill town" and I think Kamloops will benefit when more and more Vancouverites discover just how much Kamloops has to offer.
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As a Real Estate professional, Tom is dedicated to providing you with the highest quality service possible. For immediate and personal attention, please call (250) 318-0479
Tom Ikonomou, e-PRO®
Tom's been a member of the community for many years and prides himself on helping others achieve their real estate goals. He is prepared to handle all types of residential real estate transactions. Tom is straight forward with everyone he meets and holds his clients interests above his own. As a result, a large part of his business comes from referrals.
My Personal Background
Born in Montreal I moved to BC in 1973. With a father in construction and family whose hobby it was to buy houses, add suites, renovate and rent out properties, I have been through the process a number of times when it came time to choose a career.
As a REALTOR®, it is a privilege to partner with my clients as they invest in their dreams. It is not their job to keep up with the market conditions, it's mine. By attending seminars, meetings and keeping a close watch on the market stats and indicators I am able to provide my clients with current trends.
There are aspects of real estate sales that seem pretty simple. There are many elements of a smooth transaction, however, that are complicated and daunting. I offer valuable financial advice that you can utilize to accomplish your altimate goals when it comes time for buying or selling real estate.
Assisting people with one of the largest financial transactions in their lives and to do it well is very important to me. I ensure that every detail is attended to, that all your questions are answered, that all your needs are met and, most importantly, that you achieve the best possible value from the transaction
The excitement I share with first-time buyers when they close on their new house or the thrill for a seller when they accept great offers are very significant parts of my life. I can help you with every aspect of buying or selling your home because I’m experienced, because I’m professional . . .and because I care.
Call me today, and let me show you what an enjoyable experience a real estate transaction with me can be.
RESIDENTIAL TRADING SERVICES APPLIED PRACTICE COURSE SAUDER SCHOOL OF BUSINESS UBC REAL ESTATE DIVISION
REALTOR® e-PRO CERTIFIED LEGAL UPDATE 2008
CONDOMINIUMS 202 (ADVANCED STRATA LAW )
CONTRACTS (STAY ON TOP OF CHANGES)
"Tom was able to find us the perfect investment home" - Alfred, P (Buyer)
"Thank you for taking your time in showing us not only listed properties, but properties for sale by owners as well as for rent" - Cecilia, M (Buyer)
"Tom was able to get 99.3% of our asking price in a declining market! We highly recommend Tom's services to anyone selling real estate, Thank You" - Harold & Sharla, O (Seller)
"We were amazed at the amount of knowledge you shared with us during our search for our new home" - Tobie, S (Buyer)
"Thank you for the great representation on the purchase of our home for sale by owner" - Angela & Brandon, T (Buyer)
"Tom was very professional in the sale of my apartment. He was very informative and kept me up to date through out the process which was very important for me living out of town" - Geneviv, R (For Sale by owner)
"Although I was prepared to make a higher offer, Tom's expertise took over and allowed me to purchase my home for even less" - Blair, K (Buyer)
"I have to say that as this is the first home that I have ever purchased, and now trying to sell, especially in a market that we currently have, which is a little more difficult to handle as there are more homes for sale then buyers out there, I was so very pleased to have had Tom handle this for me.
He was in contact with me at all times....even late at night, and he was able to work around my schedule and give me so many pointers on what buyers are looking for out there...that it almost seemed very easy to do.
Within the month that I had my home on the market, there were about a dozen showings....which I did not expect to have that many, and friends and family I had talked to were quite surprised at how many showing I got is such a short time.
Tom did and incredible job and have already passed his name on to a couple friends that are looking to sell. If I ever decided to move and need to buy or sell again...I will be calling Tom" Kimberly, G (Seller)
"We needed to sell ASAP and tried selling on our own. Tom sold our home in half the time we gave him to and for $35,000 more than we tried ourselves" - Allan, H (Seller)
Kamloops Chamber of Commerce
Canadian Real Estate Association (CREA)
British Columbia Real Estate Association (BCREA)
Kamloops and District Real Estate Association (KDREA)
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