Charlie Veaudry

Serving you with passion!

 

This is a reminder that the deadline is fast approaching for the RE/MAX of Western Canada Quest for Excellence bursary program! It's a great opportunity that you don't want to miss out on. Make sure to share this information with any grade 12 students you might know.


The bursary is offered by The Quest for Excellence Program and is a program for grade 12 students in Western Canada. It was established by RE/MAX of Western Canada to recognize the success and ongoing pursuits of Western Canadian students in regards to leadership and community contribution initiatives. 


This year they are once again offering (16) $1,000 bursaries for a total of $16,000 to grade 12 students. In addition, the 16 bursary winners will be entered into a draw and one lucky recipient will receive a RE/MAX Hot Air Balloon ride for two. Bursary winners will be notified and all winners will be posted in April 2015. 


What is Required? 

 

Students are to convey the contributions they have made to their communities in a short online essay, maximum 1,250 words. Key qualities students should demonstrate are leadership, motivation and communication skills.  Other attributes may include volunteering, participation in charitable events or fundraising, and contributions that enrich the lives of others and their communities. 


Submission Instructions


Students can enter online here

Deadline for entry is March 9th, 2015.

A maximum of one on-line essay per student.

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The New Year is a time for resolutions. If you're thinking about selling your home in 2015, here are some resolutions that could help boost your chances of a quick sale.

Repeat to yourself: "I pledge to…"

1. "Avoid drastic design changes" – Unless you plan to turn your bold color palette into a more neutral one, then it's best not to try and anticipate what buyers want in design and décor. The best approach to freshening up your home for sale is to simplify and depersonalize the look and feel so that potential buyers can picture building their own lives there. If you think repainting a bright purple wall, replacing an old toilet or buffing and restaining kitchen cabinets would help the home sell, by all means make these types of updates. Just be sure to keep your personal preferences in check. Your real estate agent can help you prioritize and remain objective.  


2. "Stop neglecting the drippy faucet" – This applies to any repairs you might view as minor but actually could be a symptom of a larger system problem. Addressing things like plumbing leaks, poor ventilation and cracks in walls helps everyone avoid surprises from the inspection report and avoid the delay or even cancellation of a sale. When you have the information, you can either make the fixes or work with your agent to adjust pricing during negotiations with the buyer.


3. "Price my home reasonably" – It's understandable to think your home is the best on the block and worth more than all the others – especially if you've invested in key upgrades and remodels. And, frankly, you might be right. But the only way to truly know is to consider recent sales of comparable homes in your area. Your real estate agent can provide you with the latest information and help you list at a competitive price that's appropriate for your area and the local real estate climate.


4. "Make my home inviting" – This starts with creating curb appeal. The condition of your home's exterior is a big part of getting buyers in the door. Maintaining the yard, sweeping the porch and driveway, replacing the tattered welcome mat, replacing missing house numbers, and removing clutter all are things that can help improve curb appeal. 


5. "Thin out the clutter" – The best time for making tough decisions about what stays and what goes is BEFORE you put your home on the market. By the time the for-sale sign goes up, the home should be clutter free. You can either toss things you don't want, sell these items, or move the more personal ones to storage. The types of items to remove include your prized knick-knack collection, clothes overflowing from the closets, and family photos. You want all closets and cupboards to appear as spacious as possible. When they're jam-packed, it gives the impression that storage is limited even if that's not the case.


6. "Clean like I've never cleaned before" – Think about under, behind, around and between. It's easy to focus on cleaning the major surfaces, high-traffic areas, and areas that are visible. But what about the dust on top of the refrigerator? How about the slats in the window blinds? Have you cleaned the cabinets under the kitchen or bathroom sink recently? Did you notice the cobwebs behind the guest-room door? Look high and low for the dirt. 


7. "Nail down my next step" – Don't let your new plans and new place get lost in the shuffle of selling your old place. Determine where you'll go next before your home goes up for sale. Are you prepared to move if your home sells quickly? Although it might not be typical, a quick sale is certainly possible. On the other hand, are you prepared if your home doesn't sell quite so quickly? Be sure to talk with your real estate agent about your relocation needs and timeline.

 

I can tell you more about this and many other things that can help you meet your real estate goals in 2015. Fell free to contact me any time.

 

Courtesy of RE/MAX Housing Blog.

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The strongest fall market in the last 6 years cooled off due to a variety of reasons. Although sales continued to rise,inventory continued to fall and prices continued to firm up, uncertainty caused by falling oil prices combined with the holiday season to slow our local real estate market. 2015 still looks like the right time to get your home sold. Looking at the early January month-to-date numbers, we see that the market is cooling off with the colder winter temperatures and all that snow. Read on for more details.


Sales - The total sales for the 12 months ending December 2014 was at 1,021, up 30% from the 12 months ending December 2013 and still the highest volume of sales in the last 7 years since 2007.


Inventory - The average monthly inventory of single family homes dropped 12.7% to 549 for the last 12 months ending in December 2014, the lowest average inventory we have seen in the last 7 years. Inventory has not been this low since 2007, the year before the start of the recession triggered by the US banking crisis.


Prices - Average median prices continue to rise slowly. At $345,038, average median prices for the last 12 months ending in December 2014 rose 2.2% over average median prices for the 12 months ending in December 2013. This increase is for average median prices across the board and is largely due to the fact that prices on higher end homes have been reduced so much (some by as much as 25%) that sales of higher priced homes are now starting to recover and are pushing up average median prices. This is causing the illusion that prices are increasing in all home categories and that is definitely not true.


For instance, right now some price ranges in some neighbourhoods are starting to rise slightly but other price ranges have just stabilized or are still dropping slightly. Therefore, overall average price in any given marketplace cannot accurately predict what is happening. I have found that using an HPI (Home Price Index) works best. This HPI considers all the sales of a typical house in a certain area and compares them to the same type of houses sold in the previous years. We find when we do an HPI that house prices are doing different things in different areas and in different price ranges. I would be happy to do an HPI evaluation on any property you have or want to buy. Simply give me a call or

send me an email.


Absorption Rate - The rate at which our inventory is being absorbed by sales continues to rise. The average absorption rate of 15.17% over the 12 month period ending December 2014, is now the highest in the last 7 years. At the end of December 2014, there was 8 months of inventory available on the market, the same as last month. This is still considered a balanced market trending towards favouring Sellers over Buyers and will eventually put more upward pressure on prices as inventory tightens.


From these numbers, it looks like we can expect an early start to the 2015 market. Sales for the first week of January 2015 are down 27% from sales for the same time period in January 2014 which may suggest a short cooling off period as winter and record snow falls set in.


It is still expected that the market over the next 6 to 12 months will be characterized by continued increasing sales and lower inventory moving more rapidly towards a market that favours Sellers with more competition from Buyers and higher prices. Prices will continue to rise as consumer confidence gathers momentum and brings with it more Buyers.


If you have any questions about the market, please feel free to contact me at any time. You can go to my stats page here to view the graphs and full detailed data. 

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As one of the largest financial decisions in a person's life, buying a home requires discretion, sensibility and budgeting. The following tips will keep you on the right path as you look to purchase your first place.


1. Keep score
The better your credit score is, the better your mortgage terms will be. A good credit score can save you tens of thousands of dollars over the life of your loan. Start reviewing your credit a few months before you apply for a home loan.

 

If you have a score in the 600s or lower, start paying down credit balances to 30 percent or less of your balance. Also make bill and debt payments on time – no later than 30 days after the due date.

 

If you have a score in the 700s or 800s, be sure to maintain and protect your good credit. The slightest credit misstep can cause a strong credit score to plunge more sharply than a weak score.

 

2. Consider all costs
The cost of a home is just the start, and smart buyers tighten their belts before buying to meet the monthly and yearly financial demands of homeownership. When you buy a home, you're responsible for paying principal and interest, taxes and insurance. Additionally, you'll need to cover expenses such as utilities and possibly homeowner association dues. You'll also need cash on hand for the upkeep and repair costs that come with any home.

 

The average homeowner spends 1 percent to 4 percent of a home's value on property maintenance each year, according to U.S. News & World Report. Expect to pay for repairs or maintenance even within the first year of owning your home.

 

3. Be flexible in your search
Homebuyers who distinguish between wants and needs make the most sensible decisions. A list of must-haves should include items that affect your quality of life, such as a home's location, its price, number of bedrooms and square footage. You should be prepared to concede nonessential items, such as views and extra rooms, if you find a house meets your must-haves and is within your budget. Being flexible also involves adjusting your criteria as the home search progresses. For example, your budget may require looking at a town house rather than a detached home, or buying a fixer-upper in order to live in a better neighborhood.

 

4. Keep your cool
Don’t get overly excited in your search, especially in markets where homes are selling quickly. A bit of self-restraint prevents you from overspending or choosing a home that doesn't fully fit your needs. Be prepared to walk away if a home inspection reveals more defects in a home than you're able to deal with.

 

Also, keep calm if you find yourself in a bidding war. Your agent can help you make the most competitive offer, and if it doesn't get accepted then your agent can help you find the next great option. Finding the right home that fits your lifestyle and budget can take weeks or months. By starting early and being patient, you'll avoid the sense of urgency that often drives homebuyers to make hasty decisions.

 

Courtesy of RE/MAX Housing Blog from Tue, December 16 2014


A Note from Charlie:

have plenty more ideas to add to this list. If there is a new home in your future contact me, even if you are just thinking about it right now and you are not sure when you will purchase. It's never too early to start planning for buying your first, or next, home. I am happy to answer any questions you might have!

 
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Finding your dream home is just a click away, start your search!  Search Now

contact me anytime

Office Location:

5603 27th Street Vernon BC V1T 8Z5 CA

Charlie Veaudry

I make myself available at all times. My web site is here to help you 24 hours a day. You can search listings at your own convenience, browse reports, and read up on real estate info on your own terms. When you are ready to see a listing in person, or just have a simple question, please dont hesitate to contact me!

 

When you make the important decision to buy or sell a home, I am committed to going the extra mile to ensure that all of your needs are successfully met in a professional and honest manner.

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