Recent Blog Posts by Trever Florko

Kelowna has high rate of home ownership

Kelowna has high rate of home ownership MONDAY, 02 JANUARY 2012 18:00 STEVE MACNAULL A whopping 72 per cent of households in Kelowna own their own home. That's the third most in the country behind only Cape Breton Island at 75 per cent and Calgary at 73 per cent. The just-released statistics come from Canada Mortgage and Housing Corporation's annual Housing Observer report that tracks not just ...

2011 KELOWNA RENTAL MARKET REPORT

Is it worth tying your home up for the next 3-5 years? Trying to decide if you should list your property for sale now or try to rent it for 3-5 years (or more) until the market improves? The answer to which direction to go is not an easy one. Many prospective Sellers are finding that they are having to weigh their losses. In this market many sellers are finding they are selling for less then ...

So you think that you can not flip a house in this market? WRONG!

So you think that you can not flip a house in this market? WRONG! A home located at 1893 Glenhaven Crescent in Kelowna was sitting on the market for a great price 399k...it needed work but nothing too crazy. The sellers had started to reno the home and then due to some circumstances they decided that they did not want to finish the job so they decided to sell it at a probable loss... A savvy ...

Would you be happy getting over 98% of your asking price on the sale of your home?

I just signed up a deal on one of my listings at 98.42% of the asking price! This is an important lesson to Sellers. When there is so much inventory on the market it is wise to price your home aggressively. That could even translate to just under the 'fair market value.' I know when you hear things like that as a Seller you want to PUNCH your agent in the face but I am speaking from experience. I have ...

Central Okanagan Monthly Statistics March 2011

Central Okanagan Monthly Statistics March 2011

Housing Market Continues to Stabilize Moving into Spring - MEDIA RELEASE For Immediate Release: April 6, 2011

MEDIA RELEASE For Immediate Release: April 6, 2011 Housing Market Continues to Stabilize Moving into Spring Kelowna, BC – The Central Zone of the Okanagan Mainline Real Estate Board (OMREB) reported March 2011 sales activity of all MLS® property types improved over last month but dipped compared to sales reported at this time last year when buyers were spurred into the market early ...

July 2010 Real Estate Market Stats from the Okanagan Mainline Real Estate Board

July 2010 Real Estate Market Stats from the Okanagan Mainline Real Estate Board

What’s Taxable under the HST and What’s Not?

HST - The full story from the Government of B.C. Canada. What’s Taxable under the HST and What’s Not? HST Basics

The current market for sellers

(Okanagan Real Estate Bord stats for June 2010) Well...what can I say about the state of the market at the moment...its not very good. That about sums it up. We have the highest inventory levels EVER. That is right...we have never in the history of the Okanagan had more properties for sale. That combined with the fact that we are seeing the number of sales decline (they are down 20% from this time ...

OKHomesellers - frustrating sellers

When you get an 'offer'  through OKHomesellers you must realize that unless the offer is in writing it is not an offer...I hear every day that someone 'said' they were going to 'buy my house' 'call me tomorrow' 'come for another look' 'buy my house in a month when they get some money for (this or that)' ...honestly what do you expect them to say about your home? 'I hate it' 'this home ...

For the SELLERS - Why is your home not getting the showing activity you want?

I would like to take a moment to say "if you are not having many showings you are not alone." We are seeing a massive slow down across the board...reasons for this are thought to be because of the fact that we are in the summer (slow time)...once summer hits and weather is warm we traditionally see a slow down here in the Okanagan...you may be saying well the weather has not been too nice...that is ...

CHANGES TO MORTGAGE LENDING REQUIREMENTS FOR FIRST TIME HOME BUYERS

CHANGES TO MORTGAGE LENDING REQUIREMENTS FOR FIRST TIME HOME BUYERS DOWNPAYMENT – unless you are self employed, you can still purchase with 5% down as long as you qualify. If self-employed, 10% downpayment is required as long as your beacon score is over 650. If under 650, downpayment requirements increase depending on the score. RENTAL INCOME – for qualifying purposes for purchasers ...

The foreclosure process as seen from the side of the buyer

Well as some of you may have noticed there are more and more foreclosures being seen in today’s market. A lot of you may see a foreclosure as a way to capitalize on a good deal…turning someone else’s misfortune into your good fortune. Unfortunately in most cases it is not the really that simple. The foreclosure process as seen from the side of the buyer goes a bit like this: Find ...

Featured Businesses

It is important for you to stand by your work. To make sure the job you do is a good one and that your clients are happy. It is equally important to stand by the people to you know do their industry a good services. To that end I have created a small list of businesses that I know do a good job...they stand by their work and I stand by them. I know if you choose to use any of these companies you will ...

The foreclosure process as seen from the side of the buyer

Well as some of you may have noticed there are more and more foreclosures being seen in today’s market. A lot of you may see a foreclosure as a way to capitalize on a good deal…turning someone else’s misfortune into your good fortune. Unfortunately in most cases it is not the really that simple. The foreclosure process as seen from the side of the buyer goes a bit like this: Find ...

Personal Interests

I choose to live life to the fullest. Kelowna has endless opportunities to be active and enjoy life, both summer and winter. Winter brings snow and Kelowna is surrounded by mountains. Snowboarding and cross country skiing are my favorite wintertime activities. We have a choice of mountains in the Okanagan and because of the dry climate, the powder is unparalleled. I prefer a soft landing when I bail! ...

Buyers I'm Talking to you...7 Steps to saving money when purchasing a new home

STEP 1 - Choose a Realtor. As a Buyer there are some things to consider. First of all you should choose a Realtor you can trust and one with which you will enjoy working. Maybe someone like....ME. ;-) Seriously though a good agent is essential to finding you the right home and negotiating the right price. While keeping the experience as enjoyable and relaxing as possible. As a Realtor it is my ...

Specialties

Many Realtors say they specialize in this or that. Examples of Realtor specialties we often see are "lakeshore specialist, condo specialist, foreclosure specialist, etc." If I had to choose one specialty that I could call my own I would say I am a "people specialist" and in my opinion that is the best kind of specialist to be. Any Realtor can manage to sell a condo or lakeshore property but not any ...

Selling your home in today’s market calls for a Realtor with new ideas

Being young and innovative, I have new ideas. I believe in the power of internet advertising. It has been proven time and time again that to get maximum exposure for a listing, use of the internet is critical. Statistics show that over 80% of buyers utilize the internet for their property search. I take full advantage of this fabulous tool. In fact I do more internet advertising then any other Realtor ...

Here's What I Will Do to Sell Your Home

Here's What I Will Do to Sell Your Home First of all I will give you an accurate Market Evaluation. This will help you decide the price point at which your home should be advertised at to capture the most attention from prospective buyers.  Then your property will dominate the internet…yes I said dominate. We want everyone possible to know that your property is for sale. I advertise ...

A Little About Me

I pride myself on being a no pressure sales person. I know from first hand experience how frustrating and annoying it can be to have a sales person who harasses you at every turn. That is why I make it my mandate to be as hands on (or hands off) as you need me to be. Your comfort level is very important to me the more at ease you feel with the buying or selling process the ...

Why Am I Different From Other Realtors?

While the answer is easy, it isn't short. I focus on building relationships. I don't want to just "sell you something" or just "sell your home" and then vanish from sight. I like to stay in touch with past clients, not in a smothering or annoying manner, just a gentle "Hey, I am here if you need anything" way.  Let's be honest; we probably went through some interesting times, finding you ...

Client Testimonials

My clients say the following about me: (These are real testimonials from past and current clients.)   On November 9th 2011, Mike and I started a new chapter in our book of life. "selling of house" We didn't realize just how emotionally hard it was going to be. However, we had THE two most AMAZING realtors with us through out the WHOLE process. They had to be the most honest, caring and hardest ...

Welcome to 6288 Bulyea Ave, Peachland, B.C., Canada

Welcome to 6288 Bulyea Ave, Peachland, B.C., Canada   For more info on this and many other properties in Kelowna and the surrounding area please visit http:www.florko.ca   Trever Florko, REALTOR® Century 21 Assurance Realty (Kelowna) Visit my website:  http://www.florko.ca Cell: (250) 859-5990 Office: (250) 869-0101 Fax: (250) 869-0105

Welcome to 6555 Sherburn Road, Kelowna, B.C., Canada

Welcome to 6555 Sherburn Road, Kelowna, B.C., Canada   For more info on this and many other properties in Kelowna and the surrounding area please visit http:www.florko.ca   Trever Florko, REALTOR® Century 21 Assurance Realty (Kelowna) Visit my website:  http://www.florko.ca Cell: (250) 859-5990 Office: (250) 869-0101 Fax: (250) 869-0105