Real estate for sale in Penticton BC is hopping this spring!
If you were to sit back and take a look at real estate statistics and reporting from last spring you might be surprised! In the midst of a pandemic, real estate for sale in Penticton, BC has been holding it’s own to say the least. Penticton is one of the fortunate gems in BC and world wide. Where we still have access to world class outdoor amenities to keep us occupied in the face of multiple lockdowns. It’s this claim to fame which seemingly has devout city dwellers throwing in the condo towel to literally look for greener pastures. Real estate in Penticton has risen to that challenge wholeheartedly!
It’s all in the numbers when it comes to real estate for sale in Penticton BC
The numbers are painting quite an obvious picture! We need more Penticton homes to list for sale in order to keep up with the demand for this lakeside community. Inventory is down, so naturally days on the market is also down. Translation – what we do list for sale tends to fly off the shelf pretty quickly. This explains why single family home sales saw an 81% increase from the previous February in 2020. If you’ve been on the fence about listing your Penticton home for sale, then now might be the time to climb down. It’s officially a seller’s market in the south Okanagan! Homes sell faster and for more than what we would traditionally see in a buyers market.
Lyndi Cruickshank and Associates are here to help with buying and selling in Penticton
If the numbers sound too good to be true then please give me a call so we can chat. I would love the opportunity to talk about what we are seeing in the market as far as local selling trends are concerned. I also have a growing list of qualified property buyers who are searching for homes, condos, farms and more in Penticton! Talk to me today if you want to learn more about Penticton real estate – especially if you want to jump into this seller’s market!
Selling a home on the real estate market can be challenging at times. Sometimes the sale of a lot or Penticton acreage for sale can be even more difficult. It’s important you have as much knowledge of selling land as possible. If you’re just beginning the process then read along for more information.
Understanding the Market
A lot of people are under the assumption that the real estate market is all the same for all property types, but that is not the case. People buying houses vs people buying land have very different needs and wants, and you need to keep that in mind.
Most people purchasing homes normally want a place they can move into right away, with the kitchen in perfect condition, or renovations complete. However, some people or developers are looking for land in a very specific location. That’s because they often want to be creative with the land and design to meet their specific needs.
Remember that the desire for a Penticton acreage for sale will be lower on the market than a house, but don’t let that discourage you as vacant land listings are always a desired option for development companies, or custom home builders.
A different sales approach
When selling a home there are so many things you can showcase in photos, brochures and in open houses. Things like gorgeous photogenic kitchens, bathrooms, or outdoor spaces, really help buyers visualize themselves in that space.
Unfortunately it’s not that easy for sellers trying to showcase a vacant piece of land. When showcasing the acreage you’re trying to sell, make sure to take great photos of the land itself, but also show the surrounding area, as many people would like to know what is surrounding the area, and what potential views they will have from the property.
Lastly, before you start taking photos, inspect the land to make sure there are no dead trees, plants, or bushes that may stick out and be an eyesore to the people viewing the photos.
There is so much more to understand when it comes to selling a Penticton acreage for sale. For more information contact us at Lyndi Cruickshank PREC* & Associates.
Are you planning on investing in Naramata BC real estate? If so, there are a few important things to consider before making the final decision.
You credit score is one of the most important things when it comes to buying real estate, as it will determine the interest rate you’re eligible for when applying for a mortgage. Make sure to check your credit score before applying as you only want to do this when your score is high. If you apply and are approved with a lower score, you may end up paying much more in interest rates.
Determine your Goals
Everyone has different goals and idea when it comes to buying houses. Some may be looking for something more private away from town, others may want to live right in the heart of it all, and others may be looking for commercial property. So make sure you determine what those goals are before purchasing, and make sure to stay within your price range.
Another important thing to consider when buying Naramata BC real estate is your income. Some people feel that if they are making quite a bit of money, they can immediately go into real estate, or into a larger more expensive home. But you need to make sure you finances are in order and you’re financially stable enough to make this decision.
The Real Estate Market
Once you have passed the above steps and are ready to look into houses for sale, your next step is to find the property you like. Once you have done that, check the prices of the homes in the same area. If your finances are in order and the costs of the homes around you have gone down, then it’s the perfect time to buy. If you see the homes rise in cost, it may be a good idea to wait a little longer to make the purchase.
These are just a few things you need to consider before making that investment. For more information about real estate or if you’re planning to move, contact Lyndi Cruickshank today.
Winter is now upon us in the South Okanagan, and though it looks like we may have a green Christmas, that doesn’t mean we won’t get snow after the holiday season this winter. Once the snow hits, there are some things you need to know when preparing your home for the Naramata BC real estate market this winter.
Shoveling the driveway and walkways
When selling real estate the exterior of your home is of course one of the most important things, and when trying to sell your house in the winter, it is important it looks its best. Make sure you shovel the driveway and any walkways leading up to, or around the house. Also brush any snow off of window sills and scrape any ice off of the windows. Potential buyers will want to see in and out of the windows of your home.
Turn on all lights to help sell your Naramata Real Estate for Sale
With the shorter darker days if winter it is important to make your home as bright as possible. Turn on all exterior lights, including the Christmas lights if you have hung them up. Inside the home make sure to also turn on all lights. You don’t want your viewers struggling to see certain parts of your home in the darkness.
Turn on the Heat
The temperature of your home is very important when trying to sell your home during the winter months. When you have people viewing your home you want them to feel warm and comfortable, which also means they will stick around longer. If you have a noisy furnace you will want to make sure the home is warm before they arrive, so that you can turn the noisy furnace off during the viewing.
Setting the Mood
With the snow outside and a warm fire in the living room, the winter is one of the most beautiful and cozy times of the year. You can use this to your advantage when people are viewing your home. Have a fire going in any room that has a fireplace, candles lit, the windows open showing the gorgeous winter landscape, and even have coffee and treats laid out.
These are just a few tips on preparing you Naramata real estate for sale this winter. For more information contact your South Okanagan real estate experts, Lyndi Cruickshank & Associates today! you can also visit us on Instagram for behind the scenes action!
If you’re looking to buy Penticton BC real estate, this article may help to make things a little easier. Buying a home can be tricky and confusing, whether you’re buying your first home or your third. Between finances, the market, and other many things you need to do, it can be come very overwhelming.
Checking your credit is one of the first things you should do when thinking about buying a home. If your credit score is low, then you’ll want to start taking the necessary tips to increase your score. Speak with a professional and they can teach you the best ways to prioritize your payments and the best ways to improve your score.
Do your research
If you have a specific neighbourhood in mind it is always good to do some research on that area before hand. Check the price of the listings both active and sold, check the average days on the market and the average price of each sold listing. It is best to speak to a real estate agent to get all of this information.
There are a lot of costs when first owning a home, so it is best to know everything before going into it. There is of course the mortgage and down payment to purchase the home, but there are also things like property tax, home insurance, etc. Also don’t forget about closing costs, the costs to buy new furniture, yard maintenance tools, etc. Speak to your real estate agent to get a list of all of the items that are going to cost money, not and in the future.
Now that you have that information, you can work with a Penticton BC real estate to find the right home. Realtors have access to the MLS and access to all listings in the area you want. Give the realtor the list of wants and needs that you desire, so they can give you a list of all the homes that meet your criteria.
The inspection of the home is one of the most important parts of the buying process. When the inspection is taking place, make sure that both you and your realtor are present, and making a list of all of the concerns the inspector may have. Make sure to ask the inspector common issues found in home inspections. Once you have this info your agent can work with the seller on repairing these issues.
In conclusion, buying a home can be overwhelming and stressful but it doesn’t have to be. Contact Lyndi for all of your Penticton BC real estate needs.
If you’re in the market to purchase Penticton BC real estate or Naramata BC real estate, and with winter fast approaching it’s important to know some key elements of buying real estate in the winter. Many people put their buying needs on hold during the winter months, but there are actually some positives of buying in the winter, and here are a few of them.
Fewer competition in the market
A lot of people out there have either read or been told not to buy real estate in the winter, so because of that there is less competition on the market. Meaning there will be better deals out there because demand is much lower.
Lower housing prices
Housing prices on the Penticton BC real estate market are going to be a lot lower during the winter, because as mentioned above, there is less demand.
More motivation from sellers
Because there are less people looking to buy Naramata BC real estate, sellers are going to be much more motivated to sell their homes. During the winter months sellers are more willing to be flexible on the selling price, and other costs associated with the sale of their home. Because of this Penticton BC real estate agents always recommend selling during the spring and summer.
Not as many multiple offers
Because there are fewer people on the market this time of year, the number or multiple offers on a house will be much lower. This will give you as the buyer the upper hand over sellers.
In conclusion, buying a home this time of year is normally avoided by people and realtors, but there are some advantages. If you’re looking to buy real estate for sale in Penticton BC this winter, contact Lyndi Cruickshank today!
The fall season is upon is in Penticton, which means if you’re looking to sell your home, you’ve got some work to do! Here are a few tips on what you’ll need to do to get your home ready.
Everyone loves fall for the change in atmosphere and the beautiful colors on the leaves, but unfortunately to potential buyers, this will just make your yard look messy. You will need to make sure you stay on top of the fallen leaves and make sure they are raked and properly stored away. Also trim those trees or bushes near windows, so that the view from the windows is not blocked. When people are looking for Real Estate for Sale in Penticton BC, the exterior is their first impression of the home, so follow these steps to make sure it looks its best.
Make those windows sparkle
The dry summer mixed with wind can create a lot of dirt and dust on your windows. Buyers will notice this when looking out the windows, and you want their experience to be as good as it can be. So make sure you clean those windows so well that they won’t even be able to notice the glass there.
Chimneys can accumulate a lot of dust from not being used through the summer. You will want to make sure you clean the chimney thoroughly before use in the fall. It may be wise to hire a professional.
Set the Mood
As per our last point, setting the mood for a cold autumn day can really help to keep the viewer happy while viewing your home, and make them want to stick around longer. Light up the fire place, as well as some nice scented candles with a nice autumn smell.
More often than not you’ll see empty lots and acreages for sale that look just bare and unappealing, but there are actually some things you can do to when listing your Penticton acreage for sale, and we’re going to break it down for you.
Look and maintenance
Make sure your acreage is well maintained as people will notice if it’s look wild and untamed, meaning they would have a lot of work to do. Remove all weeds and mow the grass, planting some wild flowers can also help with the look or your Penticton acreage for sale.
If you have noticed there are builders working in your area, speak with them about the acreage. Yehy may be interested in building on it as their resources are already nearby.
Speak with your neighbours
Speak with your neighbours to see if they’re interested in your land. Many people would consider expanding their land, but have never had the opportunity to do it.
When selling Penticton BC Real Estate you’ll want to make sure your listing is found everywhere. Speak with your realtor to ensure it is on their website, their brokerages website, realtor.ca, and any other real estate or local directories.
Believe it or not a lot of people don’t show their property to people as they think it is a waste of time, as the viewers can just see it by driving or walking by. This is a huge mistake, as people will want to stroll through the entire acreage to get a good look at everything, and they’ll want to know where the property lines are.
When selling Penticton BC Real Estate some people look into making some last minute improvements to their home before selling. These improvements can really help to sell your home, and we have put together a list of some of the things you can do.
A messy looking yard is a deterrent to people viewing your home, so you’ll want to make sure you clean up any kids or dog toys. Also make sure you do some landscaping and the plants and trees are trimmed and look good. It shows potential buyers that you have taken the time to care for the home.
Update the kitchen
The kitchen is one of the biggest selling features of any home and after years of wear and tear the kitchen can sometimes use an update. Stainless steel appliances like the fridge and stove, as well as the countertops, can start to look old, dirty, and used up.
For stainless steel appliances you can use stainless steel whipes, or even use natural vinegar. Also use a great multi-purpose cleaner for the countertops. Also if your budget allows it, it may be helpful to replace the cupboard and drawer handles.
Consider the Bathroom
A lot of people when selling Naramata Real Estate for Sale they also consider updating the bathroom, as you want to make sure it looks the best it can.
Make sure when cleaning you remove all mold and soap scum. You don’t need to spend a lot of money on high end cleaning products. Combining salt and lemon juice can work as a good cleaner for tiles and grout. Some drains can leave a nasty odor, and you can eliminate this just buying pouring lemon juice down the drains.
Lastly, make sure you clean the cupboards and drawers in the bathroom and make sure they do not have an odor.
The flooring is another important thing that potential buyers will look at. If you have old dingy carpet there will be an odor, and people will pick up on this. Think about replacing the old carpet with hardwood floors or tiles. Make sure you shop around and find the best deal you can.
If you already have hardwood or tile flooring, you can look into getting them cleaned and refinished.
If replacing the carpet is not within your budget, the cheapest option would be to hire a professional to give the carpet a deep clean and fresh look.
Real estate agents have an obligation to do everything they can, and utilize every tool in the arsenal to sell your home. As the home owner you need to be sure that your Penticton BC Real Estate agent is doing that, as you are putting your trust and your home in their hands. Here is a list of just a few things your agent should be doing for you.
Doing a proper home e valuation and pricing your home on the market correctly is one of the most important things your realtor should be doing for you. When listing Real Estate for Sale in Penticton BC some agents will take the easy way out and just price the home to whatever the seller wants, but a good realtor will use all of their knowledge of the industry to make sure your home is priced correctly.
Another very important thing your agent should be doing is marketing your home to the best of their abilities. Make sure that your agent is taking great photographs of your home, and editing them to look the best they can. We can’t expect every agent to be a professional photographer, so if you’re not happy with the agents photos express that to them, and ask that they hire a professional.
Also make sure that your agent has added your listing everywhere on the internet. The listing should be showing up on realtor.ca, their website, their brokerages website, and all over their social media. Most people looking for Real Estate for Sale in Penticton BC are going to be using the internet, so those places are key to selling your home.
Unfortunately there are some agents out there that will take on a client, and barely speak with them throughout the home selling process. As you have hired them to represent you in selling your home, you have a right to know everything that is going on. Do this by making sure your agent is communicating with you regularly with everything, especially any feedback they have received regarding your home and any potential sales.