Monday, November 30, 2009
Thursday, November 26, 2009
1203 Peak Point Drive Kelowna Listing
OPPORTUNITY KNOCKS! #1203 Peak Point Drive Kelowna
ABSOLUTELY one of the best opportunities available! Spectacular architecture, stunning finishing, over the top fireplace feature, custom bar, the PERFECT entertaining kitchen and a en-suite/dressing room any wife/girlfriend would die for!! THIS HOUSE IS ALL THAT - AND MORE! OVER 4370 sq. feet of beautiful granite, slate, ceramic and travertine tile, gorgeous Oak hardwood throughout, an absolutely exquisite kitchen and dining area that are perfect for entertaining - this house will impress even the finest tastes.
SELLER WILL LOOK AT ALL OFFERS! Appraisal on file $1,050,000 as is. Asking $874,000.
BRING OFFERS!! SELLER WANTS IT GONE!!
For more information or to book a private viewing contact Veronica Campbell at #250-575-6677.
Vantage West Realty Inc.
Veronica Cambell, Realtor
Vantage West Realty
Cell : 250-575-6677
veronicacambell.ca
housesinokanagan.com
Saturday, November 7, 2009
HST and real estate
By Scott Peckford
The HST has been looming large in the minds of prospective homebuyers. A recent IPSOS Reid survey indicated 40 per cent of B.C. Home Buyers believe the HST will impact their home buying plans. The question is, how big of an impact will it have?
The jury is still out on exactly how the HST will affect the overall housing market. However under the current proposal a homebuyer purchasing a used or resale home will see only a marginal increase in their actual costs.
According to Tony Spagunolo, “The average buyer purchasing a used home will see an increase of maybe $100 if the HST is implemented in the current form.” Spagunolo owns, The Spagunolo Group of Real Estate Law firms, and specializes in Real Estate conveyance.
When you break down the numbers it becomes apparent Tony is right.
Buyers only pay GST on new real estate. Therefore a resale property should not be subject to HST. Legal fees already include GST and PST therefore will have no change.
The only additional cost will be on home appraisals and inspections. Home appraisers and inspectors currently only charge GST.
In the Okangan an appraisal can cost about $300 while an inspection is around $175. The total GST on both is currently $23.75. Once the new rules take effect July 1st, 2010 the total tax will increase to $57.00 which is an increase of only $33.25.
Who will the HST hurt the most?
Sellers will actually pay quite a bit more HST than buyers. Sellers pay Real Estate commissions which are subject to GST. Considering the average $400,000 sale generates a commission of around $16,000 the HST will add an additional $1,120 in tax. Not a small sum, but probably not enough to prevent a sale either.
Perhaps the single group most likely to feel the pinch from the HST are homebuilders. In particular builders who have a building completing after July 1/2010 will be the most impacted. There is a transitional tax planned for these buyers, but rest assured the builders, or more likely buyers are going to absorb some of the new tax.
It seems the provincial government is convinced more tax is the cure for what ails us. Whether this is the case still remains to be seen. At least homebuyers purchasing re-sale real estate can breathe a collective sigh of relief since the increased cost of the HST will be less than a less than a pizza and a six pack of beer.
The HST has been looming large in the minds of prospective homebuyers. A recent IPSOS Reid survey indicated 40 per cent of B.C. Home Buyers believe the HST will impact their home buying plans. The question is, how big of an impact will it have?
The jury is still out on exactly how the HST will affect the overall housing market. However under the current proposal a homebuyer purchasing a used or resale home will see only a marginal increase in their actual costs.
According to Tony Spagunolo, “The average buyer purchasing a used home will see an increase of maybe $100 if the HST is implemented in the current form.” Spagunolo owns, The Spagunolo Group of Real Estate Law firms, and specializes in Real Estate conveyance.
When you break down the numbers it becomes apparent Tony is right.
Buyers only pay GST on new real estate. Therefore a resale property should not be subject to HST. Legal fees already include GST and PST therefore will have no change.
The only additional cost will be on home appraisals and inspections. Home appraisers and inspectors currently only charge GST.
In the Okangan an appraisal can cost about $300 while an inspection is around $175. The total GST on both is currently $23.75. Once the new rules take effect July 1st, 2010 the total tax will increase to $57.00 which is an increase of only $33.25.
Who will the HST hurt the most?
Sellers will actually pay quite a bit more HST than buyers. Sellers pay Real Estate commissions which are subject to GST. Considering the average $400,000 sale generates a commission of around $16,000 the HST will add an additional $1,120 in tax. Not a small sum, but probably not enough to prevent a sale either.
Perhaps the single group most likely to feel the pinch from the HST are homebuilders. In particular builders who have a building completing after July 1/2010 will be the most impacted. There is a transitional tax planned for these buyers, but rest assured the builders, or more likely buyers are going to absorb some of the new tax.
It seems the provincial government is convinced more tax is the cure for what ails us. Whether this is the case still remains to be seen. At least homebuyers purchasing re-sale real estate can breathe a collective sigh of relief since the increased cost of the HST will be less than a less than a pizza and a six pack of beer.
Sunday, November 1, 2009
BRING OFFERS - SELLER WANTS IT GONE
BRING OFFERS - SELLER WANTS IT GONE!!
$424,900, No GST!!
#401 - 1160 Bernard Ave, Kelowna BC
Centuria Urban Village
MLS #9216837
LOTS OF VALUE AND HIGH CLASS RESORT STYLE LIVING!!
Absolutely stunning city & lake views from this lavish 2 bed plus den luxury condo! Classy finishing & many upgrades not seen in the competition! Granite throughout, top line appliance package, 2 parking spaces, roof top pool & hot tub, GYM - all in excellent central location! Upgrades including double french doors to den, granite (dark schemes in kitchen & baths) plus undermount sinks, prewiring for surround sound in LR & 2nd location, cable wire & plug above fireplace for TV and fireplace mantel. SHOWS A plus !!
BRING OFFERS!! SELLER WANTS IT GONE!!
For more information or to book a private viewing contact Veronica Campbell at #250-575-6677.
Vantage West Realty Inc.
More info : http://www.housesinokanagan.com/res_details.php?page=105
Veronica Cambell, Realtor
Vantage West Realty
Cell : 250-575-6677
veronicacambell.ca
housesinokanagan.com
Tuesday, October 27, 2009
Tips for safe trick or treating:
Halloween Safety Tips
Tips for safe costumes:
- Use costumes with bright fabrics and decorate costumes with reflective tape. Flashlights also help drivers see children.
- Make sure that costumes and shoes fit properly.
- All costume accessories should be made of soft, flexible material and should not have any sharp edges.
- Consider using face paint or make-up instead of a mask.
Tips for safe trick or treating:
- Use flashlights or glow sticks in your pumpkins and other decorations, rather than candles.
- An adult should accompany children when trick or treating.
- Encourage children to trick or treat along one side of the street, then carefully cross over to the other side.
- Stay in well lit areas and only visit homes that have their outside lights turned on. Children should never go inside homes.
- Tell children to bring their treats home before eating anything and make sure you inspect all the treats before your children eat any candy. Be sure to discard any treats that are not wrapped, or are in torn or open packages.
Wednesday, October 21, 2009
10 Commandments home buyers must follow
These 10 Commandments home buyers must follow may seem like common sense to many. Buyers, however, can sometimes forget with all the excitement surrounding the buying of their new home. In the past couple of weeks, I have heard of two separate buyers who saw their home loan turned down, and their dream shattered, a few days before closing because they had bought furniture for their new home before it actually became their home. Both of them now have beautiful furniture with no home to put them in.
These two buyers were not my clients but it always hurts when I hear of transactions falling apart for reasons that could have been avoided. These 10 commandments are part of the buyer packet I give all my clients when we first meet and I always stress that once they get pre-approved and the process is started, they can't do anything that might affect their credit.
1. Do not change jobs, become self-employed or quit your job.
2. Do not buy a car, truck or van (or you may be living in it)!
3. Do not use credit cards excessively or let your accounts fall behind.
4. Do not spend money you have set aside for closing.
5. Do not omit debts or liabilities from your loan application.
6. Do not buy furniture.
7. Do not originate any inquiries into your credit.
8. Do not make large deposits without first checking with your loan officer.
9. Do not change bank accounts.
10. Do not co-sign a loan for anyone.
If you are in the process of buying a home, remember that your credit must not change or be affected in any way until you actually sign the paperwork and get possession of your new home. Lenders will not only look into your credit when you first get pre-approved, they will check it again (and sometimes again and again) before they let you sign the mortgage. If you want to buy new furniture for your home or change jobs, just be patient. There will always be time to do it after the closing.
These two buyers were not my clients but it always hurts when I hear of transactions falling apart for reasons that could have been avoided. These 10 commandments are part of the buyer packet I give all my clients when we first meet and I always stress that once they get pre-approved and the process is started, they can't do anything that might affect their credit.
1. Do not change jobs, become self-employed or quit your job.
2. Do not buy a car, truck or van (or you may be living in it)!
3. Do not use credit cards excessively or let your accounts fall behind.
4. Do not spend money you have set aside for closing.
5. Do not omit debts or liabilities from your loan application.
6. Do not buy furniture.
7. Do not originate any inquiries into your credit.
8. Do not make large deposits without first checking with your loan officer.
9. Do not change bank accounts.
10. Do not co-sign a loan for anyone.
If you are in the process of buying a home, remember that your credit must not change or be affected in any way until you actually sign the paperwork and get possession of your new home. Lenders will not only look into your credit when you first get pre-approved, they will check it again (and sometimes again and again) before they let you sign the mortgage. If you want to buy new furniture for your home or change jobs, just be patient. There will always be time to do it after the closing.
Tuesday, October 20, 2009
VERONICA TWITTER ACCOUNT
HERE IS VERONICA CAMPBELL TWITTER ACCOUNT - www.twitter.com/veronicahelps
Check my thought about life and real estate updates in Kelowna
Check my thought about life and real estate updates in Kelowna
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