Showing posts with label real estate agent. Show all posts
Showing posts with label real estate agent. Show all posts

Wednesday, January 22, 2014

Professional...What does it mean?

Prior to getting into real estate I worked for 6 years as the Manager for the Construction Association in Yellowknife calling on contractors and suppliers. Some of the companies were dilapidated outfits working with a small community mind set where they could never hope to grow their business. I recall saying to the Executive Director that we should not be recruiting members from these hopeless situations because they will not participate in the betterment of the membership or likely keep up with their dues. Not because they were bad people – they weren't, but because they will feed their families first and worry about their corporate responsibilities second. We did it anyway and they did go broke and they did leave debt behind them.

The same holds true of so many real estate Brokers.  Hire as many bodies as possible. If the odd one makes it, good! For the others, too bad! As their pangs of hunger set in, scruples fall by the wayside. Ethics fly out the window. The ethical, competent and altruistic REALTOR®s and our entire industry suffer by association.  I remind our REALTOR®s often – you will be painted with the same brush as your colleagues – so let’s help keep each other in-line.

As agents pre-qualify purchasers, so should Brokers pre-qualify potential new hires. There is more than adequate information available on the Internet and elsewhere about sensible hiring and better employee retention. Take some time to actually research who you are going to meet with.  I’m often shocked at the silence on the other end of the phone when I ask a potential recruit for a current resume prior to our meeting. Until our indifferent hiring practices are eliminated we will struggle to raise the measure of professionalism into our industry.

A recent article in The Canadian Medical Association Journal was brought to my attention.  It asks, “Can professionalism be taught?” to which it answers, “Probably not.” The article says many things that provide advantages in life cannot be taught – competitiveness, intelligence, curiosity, creativity, persistence. 

We would pose the same question to real estate educators, brokers and sales agents. Many of the consequential qualities of professionalism go far beyond practical know-how, listing, selling, leasing and all that goes with it. These virtues cannot be gleaned from books or attending lectures. No instructor can teach altruism. The individual must be a good person of high moral character to start with. It is given that the teaching of ethics starts in the cradle and advances with age – on a continuous path paved with experience and consequence.

The intention of the REALTOR® Code of Ethics, which is similar in many associations across North America, is intended to ensure that REALTOR®s are treating their clients and their colleagues with respect, fairness and honesty. The codes are enforceable and violation of any of them garners the harshest of consequences...we hope.

The penalties, not only those levied by our own associations but by the courts of the land, don’t have any teeth. The public is seldom advised about the misdeeds of the unethical. REALTOR®s rarely, if ever, squeal on each other, often because nothing happens, it’s just not worth the bother to report a violation or because of the risk of being seen as a squealer. Those caught with their hands in the cookie jar will do it again, but next time will be more careful not to get caught. 

I think we forget that we are members of a self-regulating industry that holds itself out to maintaining high standards and practices of conduct. We set our own standards and define the behavior that defines our professionalism. However, attending an ethics lecture, taking continuing education courses, keeping your license current and paying dues does not make you a professional anything.

What’s the bottom line? Most professional organizations are of the opinion that professionalism can in fact be taught. This is not in a classroom and not by role modeling alone, although both help.  It should be mostly by observation and the example set by Brokers and the industry as a whole following the guideline of  “The Golden Rule” and the example set by their professional and ethical peers.

Ethics will only win out when there is a transition by all REALTOR®s to become active learners and recognize that the actions of any individual REALTOR®, both positive and negative, reflect on the public’s perception of ALL members of the real estate industry.

I think it begins with the hiring practices of so many Brokers, the “fill the desks with breathing bodies” syndrome. As the failures of the new recruits become more evident, professionalism does not play an important role.



Until REALTOR®s choose to trade greed for improved ethics, these problems will never be solved. We must recommit to traditional values.  It will not be by having more classroom exercises or preaching the gospel of ethical behavior, but by upholding the values of a profession and to quote the medical doctors, “Do no harm”.  This will be by not just giving lip service to professionalism but by placing the interests of our clients, and our colleagues’ front and centre. 


This involves having a genuine desire to serve others, an emphasis on values and purpose, a sense of responsibility for long-term consequences and knowledge of both the strengths and weaknesses of being regarded as a professional.  The following characteristics of Professionalism were common to my own opinions and my research from various sources:

The elements of professionalism are:

  • Integrity as illustrated through ethical and professionally responsible practice and conduct, competence and expertise.
  • Pride in your chosen profession and the contribution it makes to society.
  • Spirit and enthusiasm.
  • Civility to clients, prospects, colleagues, associates and competitors.
  • The provision of service for the public good through client relationships and responsibilities.
  • Demonstrated leadership and reliability.
  • Commercialism balanced with a livelihood and service.
  • Substantial training and experience buoyed by continuing education.

Where do we go from here? Where will we be in five years, 10, 20?

What will it mean to be a “professional REALTOR®”? You tell me.

When the going gets "Tough"...just call me.
Susan Tough

Friday, August 17, 2012

TRUST



Trust – do you trust your mother? 

Do you trust your doctor – if you don’t you will likely find a new one.

Do you trust your best friend? Of course

What about your mechanic – you wouldn’t let just anyone work on your BMW, classic Triumph or that very first car you bought on your own.

REALTORS® – do you trust your Broker?  Do you know they have your back no matter what – can you trust they will perhaps not always tell you what you want to hear, but what you need to hear.

Buyers and Sellers – do you trust your REALTOR®?  If you don’t – you really do need to find a new one.  Please don’t buy into the bad press the industry gets as a whole.  If you have a bad dentist, you change dentists – you don’t mistrust all dentists.  It’s the same with REALTORS®.  Don’t paint them all with the same brush.  Give yourself the time you need to find one you trust – a trusted REALTOR® will help you negotiate on the largest purchase or sale you will ever make.  They help you settle into the community, leave a community... turn a house into a home.

I want to share a blog written by one of the industry’s most respected marketing and social media specialist – David Marine - the Senior Director of Consumer Engagement for Coldwell Banker Real Estate LLC.  We are blessed to have David as a member of the International team for Coldwell Banker Real Estate LLC.


"Changing the Real Estate Conversation...The majority of people that will make a real estate transaction this year are doing so not for investment purposes, but for lifestyle reasons. We’ve become obsessed with home value estimators, but the real value of a home is in how it improves the lifestyle of the owner. Sappy? Perhaps, but it doesn’t make it any less true.
As an industry, we’ve forsaken the dialog of owning a home for lifestyle reasons in favor of mirroring the mood of the media. Stop following the pied piper. Let’s get some trust back.
Regaining consumer trust is no easy task. It’s not a simple five step process, but there are a few things we can do to rebuild what we’ve broken. And it can start online." Read More...

Thanks for giving this some thought  - repost – or share with someone you.  Working through the many facets of your life with your family, friends and colleagues is so much more enjoyable when you surround yourself with people you Trust!                                 

Coldwell Banker® – Where Home Begins.

When the going gets "Tough"...just call me.
Susan Tough


Thursday, April 12, 2012

How great is this!?!


What a wonderful evening was shared by REALTORS® and Staff at the beautiful Quail’s Gate Winery on Boucherie last night.  Some people don’t appreciate or follow the award standings of their  REALTORS®.  Others do very much.


From our point of view – as independent contractors – REALTORS® are effectively in charge of their own business model and career success.  I believe that acknowledging them for the dedication to their profession is a very good thing.  Just like any profession or service providers you come across in your daily activities – there are some that meet your needs better than others.  At Coldwell Banker Horizon Realty – we are blessed with the ones that rise above the industry standard of care and production.  


What that translates to you – the public – is that you can rest easy when you have the benefit of a Coldwell Banker Horizon Realty REALTOR® working with you on your purchase or sale.  The Ultimate Service
® 
program embraced by our licensees is exactly that – a measurement of the top quality service they provide during a very important time of your lives – moving.  What makes this measurement even more valuable is that the results and award winners are acknowledged because of direct feedback the BRAND gets from you – the clients.  You tell us constantly – that your Coldwell Banker  REALTOR®  was amazing, trustworthy, professional, kind, knowledgeable...... the list goes on.  

Thank you from all of us for your kind remarks and feed back – and Thank you for your continued loyalty and trust.

2011 Ultimate Service
® Winners are:

Gary August, Malcolm Bellinger, Allyn Bentz, Ellen Churchill, Leigh Bjornson, Renate Boucher, Marlene Braun, Jennifer Bregolisse, Jaime Briggs, Paige Guernsey, Cecile Guibault, Jane Hoffman, Tracy Lang, Gary Loverin, John Mandoli, Murray Neuman, Roma Niessen, Darcy Nyrose, Blake Roberts, Barret Watson, Ian Watson, Jennifer Williamson

                  

Jane Hoffman Group – #1 Coldwell Banker® team in Canada and #1 team in British Columbia and in the top 10 teams in Canada for total units.


After more than two decades of landmark achievements, Jane Hoffman has firmly established herself as the Okanagan’s most respected and prolific lakefront real estate specialist. Jane has leveraged this experience in leading and inspiring the real estate sales and marketing professionals of Coldwell Banker Jane Hoffman Group.




Cecile Guilbault earned the #1 sales associate award for British Columbia. 

Since 1995, Cecile's been pursuing her own dreams of living in the Okanagan and all the great opportunities it has to offer. When it comes to buying or selling property in this unique area her pride, love and appreciation for living here is reflected in her caring and personalized service.





Commercial Property Manager Shirley Mehus - earned the commercial awards -  Bronze Circle of Distinction & Top Commercial Professional in British Columbia



International Production Designations are important for the REALTORS® as it shows them how their efforts measure up to the International 85,000 Coldwell Banker® sales associates.



Canadian Associate Individual - top 30% in Canada:



Charlene Bertrand   Brian Gatzke             Bill Raine

Al Boyle                      Gary Loverin              Walt Reglin
Mark Boppre              Richard Paterson
Cathy Cherka            Marnie Perrier


International Sterling Society Individual - top 20% of all sales associates in North America

Allyn Bentz             Karen Guy                 John Mandoli
Ellen Churchill       Steven Hampton      Hugh Mervyn
Paige Guernsey     Bonnie Hunter


International Diamond Society Individual - top 15% of all sales associates in North America

Renee Boucher
Murray Neuman
Roma Niessen


International President's Circle Individual - top 8% of all sales associates in North America

Jaime Briggs has been recognized as our #2 producing individual sales associate in the Coldwell Banker Horizon Realty franchise.



International President's Elite Individual - top 3% of all sales associates in North America

Cecile Guilbault 

has been recognized as our #1 producing individual sales associate in the Coldwell Banker Horizon Realty franchise.


International Sterling Society Team - top 30% of all teams in North America

August & Bregolisse - Gary August and Jennifer Bregolisse
Roberts & Braun - Marlene Braun and Blake Roberts


International Diamond Society Team - top 21% of all teams in North America

Dusik, Bjornson & Lang - Greg Dusik, Leigh Bjornson, Tracy Lang and Katherine Dusik
Watson Brothers - Ian Watson and Barret Watson


International President's Circle Team - top 13% of all teams in North America

Nyrose & Associates - Darcy Nyrose, Jennifer Williamson, Dave Sutherland, Dave Sargent, and Jason Koverchuk

In the top ten teams for Canada for total units.



International President's Premier Team - top 2% of all teams in   North America

Jane Hoffman Group - Jane Hoffman, Kristy Huber, Carole Ceron, Lora Proskiw, Dean Simonelli, and Sherrin Stewart


Chairman’s Circle - Coldwell Banker Horizon Realty

John Geha, Coldwell Banker Canada Operations ULC President stated today: “I am very pleased and Proud to have a company of the quality of Coldwell banker Horizon Realty in our network.  For the 10th year they have qualified for the very prestigious award of being recognized as a Chairman’s Circle company within the Coldwell Banker® Brand of Affiliates – which puts them in the Top 1% of Brokerages – Globally! 
This quality is not just reflected in the ownership – it starts with the Sales Representatives, the Management and the staff. A combination of people, professionalism and service are some of the many factors that make a Chairman’s Circle company ...and on top of that – they have qualified for the 15 year as an Ultimate Service® Company – an accolade we are all most proud of as that comes direct from the consumer.  I was very pleased to present these awards and share in the evening with them last night.”


When the going gets "Tough"...just call me.
Susan Tough

Thursday, March 22, 2012

“Are you sure You know what you are doing?”


The issues that cross my desk are sometimes ordinary, comical and even bizarre.  They will stem from uncontrollable circumstances with clients, with property issues and just plain life.  They can also stem from dishonest parties to the contract (again uncontrollable on the part of the REALTOR®).

The ones that truly trouble me are the ones that come from ill prepared or uneducated  REALTORS®  working in an area of the business that is beyond their expertise.  The people that suffer are the clients from their loss or circumstance –----- it could have very easily been avoided.







I’ve asked permission of one of our REALTORS® to share his post from facebook the other day.  I did receive a call from the REALTOR® that is the “hero”  in this, confirming her position and authority to act for her client the way she intended. Confirmation, Preparation, Education, Diligence, and also keeping the clients best interests at heart.  I am very proud to say the Marlene Braun works with Coldwell Banker Horizon Realty.



I am very sorry for the clients that were not properly represented and lost out on something they likely really wanted only because their REALTOR® didn’t know what she was doing.  When that happens – the whole industry suffers.

Enjoy the read.

Quoted from Blake Robert’s FB post:

This is why you hire a real estate professional with experience who knows the ins and outs of the business:
This morning at 8:45AM, Marlene Braun gets a call from a client who wants to put an offer in on a property in the Shuswap that is in foreclosure. There is an offer already in from another REALTOR®  that is set to be presented at 10:00AM.
For those who don’t know how foreclosures work, the first offer in, the once accepted by the bank is publicly disclosed so others can appear in court to write their own offer as well.
While Marlene scrambles to wrap up an appointment she is already dealing with, I get three offers written... One sufficient to outbid the offer already in from the first REALTOR®, plus two more so we are ready to go head to head against others who may arrive in court or if the first offer written is increased when they learn someone else has arrived in court.
9:55AM Marlene arrives in court along with her buyer so they are ready for all circumstances.
The  REALTOR® with the initially accepted offer is in court, surprised that someone else has arrived to compete with the first offer.
The initial buyer has not accompanied that REALTOR®, nor is there another offer prepared in the event another REALTOR® and client (Marlene) arrives in court.
This story wraps up by 10:20AM with Marlene’s offer accepted, her client suitably impressed that she worked as hard and efficiently as she did on VERY short notice...the REALTOR® and client with the first accepted offer out in the cold.

When the going gets "Tough"...just call me.

Susan Tough

Thursday, March 15, 2012

COLDWELL BANKER® REAL ESTATE SURVEY


COLDWELL BANKER® REAL ESTATE SURVEY REVEALS GROWING FAMILY    NO. 1 LIFESTYLE MOTIVATOR FOR NORTH AMERICAN HOME BUYERS 


 A recent survey of 700 Coldwell Banker® Real Estate professionals across North America revealed home buyers are motivated by lifestyle needs, with growing families ranking as top motivator on both sides of the Canadian/U.S. border.  Meanwhile, sellers are becoming increasingly aware of the value of presenting a home with buyers appeal, and are becoming more willing to go the extra mile as they compete for buyers’ attention.   


Sellers are More Willing to De-clutter, De-personalize
and Make Repairs To Increase Buyer Appeal
Of those Coldwell Banker professionals surveyed:

  • 94 percent say their sellers are getting rid of clutter and making cosmetic updates, such as fresh paint and minor repairs.  This percentage was the same for both Canadian and U.S. respondents
  • 60 percent of Canadian respondents agree that clients are willing to “de-personalize” the home.  This percentage was much higher in the challenging U.S. market, where 76 percent agree.
  • 59 percent of North American respondents say sellers are even bringing in new home decorations or furniture to help make the home more appealing.  

“When marketing your home, it’s important to help buyers imagine themselves living in the property. De-cluttering and de-personalizing is crucial to this process,” says Susanita de Diego,  Coldwell Banker Canadian Consumer Specialist. “Sellers need to recognize that while demand for Canadian homes remains strong; their home is competing with other listings to get results.  I always advise sellers that if their home is presented with a minimum of clutter and distracting personal items, it will appeal to buyers and improve their chances of a successful sale.”  


Buyers Get ‘Back to Basics’ ….
Preferring Updated Kitchens And Open Floor Plans Over Trendy Media Rooms  
Sellers, take note: when it comes to selecting a home, buyers are going back to the basics.  They value new or updated kitchens, bathrooms and open floor plans as the most important features for a new home. 

  • 33 percent of agents surveyed across North America say that   a new or updated kitchen is the most important feature to homebuyers. 
  • 14 percent say the most important feature to homebuyers is an open floor plan, while 12 percent say it is a new or updated bathroom. 
  • Only 1 percent of the real estate professionals surveyed say they believe that entertainment rooms or finished basements are the most important feature.



Home Buyers Moving for Babies and Careers
The survey also drilled down into which life events are motivating the most people to buy homes.  According to the Coldwell Banker Real Estate professionals surveyed, growing families is currently the biggest lifestyle driver for home buyers in both Canada and the United States.  
70 percent of real estate professionals surveyed say a new baby or growing family is the “most common”, or a “very common” lifestyle reason that North American buyers search for a new home.  Other key motivators include: 

  • Marriage - 59 percent.
  • Divorce - 48 percent.
  • Retirement - 37 percent. 

While the majority of survey responses regarding buyer motivators were similar between Canada and United States, and although job reasons was the No. 2 reason overall across North America, there was one marked difference.  Fifty-five percent of Canadian respondents cited job reasons vs. 69 percent of respondents in the United States, where the economy and job market have endured recent downturns.  


“For most of us, while a home is probably our largest investment, the fact remains that people move for lifestyle reasons,” says John Geha, president, Coldwell Banker Canada Operations ULC. “Regardless of market conditions, buying a home remains an investment in our lifestyles where the emotional and psychological benefits can hold equal value to the pure economic investment.”


Canada vs. U.S. Pricing Variances
The survey also indicated a clear difference between the two countries when it came to sellers’ pricing strategies.  Unlike the stable Canadian real estate market, much of the U.S. market has been challenging for the past few years.  The Coldwell Banker survey indicates that U.S. sellers are ready to ‘get real’ about real estate.  In the United States, 51 percent of those agents surveyed said sellers were more willing to price their home competitively than at the same time last year, while in Canada only 31 percent of surveyed agents said their sellers were willing to do so.    


“Canada continues to enjoy a stable, balanced market,” says Geha, “with near historic low interest rates, and a good inventory of homes for sale.  This supports demand for housing, and sellers here are continuing to price their homes according to our healthy market conditions.” 


When the going gets "Tough"...just call me.

Susan Tough

Survey Methodology: Coldwell Banker Real Estate conducted an online survey among Coldwell Banker real estate professionals across North America about housings trends in 2012. The survey was fielded between January 24 and February 7, 2012. 
The base (sample size) for calculating results varies slightly from question-to-question.  The approximate sample size answering each question was 615.  Maximum error range based on this sample size - at a 95% level of confidence - is +/- 4 points.   Note that standard error calculation applies to random probability samples and is included herein to serve as a guide-only.
*Some answer percentages in the above may not total 100 percent, if only the most popular responses are listed.  In other cases, respondents had the option to check all that apply, which may mean that percentages total more than 100 percent.

Friday, March 9, 2012

The Value of a Home

I cannot say enough about the new ad campaign released by Coldwell Banker® LLC on Monday March 5th. The ads remind us of the “value of a home” as being not just an investment for your money, but a place where memories are made and remembered.  Take a look for yourself:




By the way, do you recognize the voice in the ads?  Yes that’s right, it’s Tom Selleck.  Tom’s Dad worked for Coldwell Banker for 38 years, retiring as Executive Vice President.  The sentiment the campaign presents encouraged Mr. Selleck to participate in the ads, as you can see in his message to all the Coldwell Banker agents at our recent Generation Blue Experience in New Orleans:




These ads are not just for potential home buyers, but also speak to the agent as a reminder of the importance of relationships in our professional careers.  With the plethora of new technology out there pushing information, making our lives more efficient, it’s important to remember nothing can replace face to face contact with clients and colleagues to build the lasting relationships our business rewards us with.

Changes to the real estate industry will continue to morph and roll through our shifting times.  The constant has always been,

“Trusted Agents, with the Right Tools, helping you Make Better Decisions.”

When the going gets "Tough"...just call me.

Susan Tough

Friday, February 17, 2012

fi•du•ci•ar•y /fəˈdo͞oSHēˌerē/

fi•du•ci•ar•y   /fəˈdo͞oSHēˌerē/ 
Adjective:   Involving trust, esp. with regard to the relationship between a trustee and a beneficiary.
Noun:   A trustee.
Synonyms:  trustee – confidant


Real estate Licensees are often described as owning their clients’ a ‘fiduciary duty”.   Let’s be reminded what that means – for both the expectation of the client and the delivery of services for the REALTOR®.


To be a fiduciary means that your client has put trust and confidence in you to deal with their real estate transaction.  A fiduciary duty is a duty of utmost good faith which means you – as the   REALTOR®  , are expected to be completely loyal to your client and NEVER put your own personal interests before the ‘duty’.  It also means that you must not profit from your position as a fiduciary.


In the Professional Standards Manual that all licensed   REALTOR®   have and are expected to follow it states:


As an agent, a brokerage and the licensees related to the brokerage have certain duties to their client. As explained in the Working With a REALTOR® brochure, the brokerage and the licensees related to the brokerage have: 

  • a duty of undivided loyalty to the principal; 
  • a duty to keep the confidences of the principal; 
  • a duty to obey all lawful instructions of the principal; and 
  • a duty to account for all money and property of the principal placed in the brokerage’s hands while acting for the principal. 
When does the ‘duty’ start and when does it end?


Your ‘duty’ comes into existence when you start to provide trading services to a buyer or a seller.  The origin is usually straightforward – When the client begins to receive guidance or advice from you – and when they believe you are working for them – Agency is created – therefore a fiduciary relationship and the obligations that go along with it are created.  It can be more difficult to say when the duty comes to an end. A lot will depend on the circumstance of the transaction.  A fiduciary relationship does not end with the existence of a contract of purchase and sale.  It lasts at least until the listing agreement expires or the transaction completes.  It is important to note that the Real Estate Council of British Columbia has taken the position that the duty of confidentiality remains even after the contractual arrangement between the licensee and the client has ended.


A licensee acting in a fiduciary relationship has a duty to disclose all material information to his or her client.  I always remember something my professor taught me at UBC – “You are to be a conduit to your client -- not a sieve.”  It is not up to a licensee to decide what is “material” or not, for any given client.  “Material” information can be different for one client or circumstance, to another.  It is information that would likely influence the clients’ conduct – or their decision – in the transaction.  The consequences of the disclosure of the information are not relevant.


A licensee must keep confidential ANY information received from their client pertaining to the transaction.  What a seller is willing to accept or a buyer is willing to offer should never be disclosed.  Realtors that insist on negotiating for their clients through verbal communications between licensees walk a very slippery slope and not only are at risk of breaching their fiduciary duty, they are also very likely in contravention of the Real Estate Service Act, the  REALTOR®  Code of Ethics, and Board Regulations and by-laws – to negotiate verbally is wrong on so many levels and fraught with huge consequence and risk to the licensee.  “I was trying to save time” – is NOT a defence that would ever be accepted in court, or for that matter, not likely by your client either.


Sorry  -  got off on a tangent there – verbal negotiation is an issue that causes me personally, great frustration and worry.  There is just no reason to ever do it. 











What it is important for both  REALTOR® and client to take away from this BLOG today – is to know exactly what Fiduciary duties are so the  REALTOR® knows the professional standard to which they are measured and so that the client knows what they have a right to expect from their Professional Real Estate Agent.
When the going gets "Tough"...just call me.

Susan Tough


Monday, January 9, 2012

New Year, New Home?


It’s officially 2012 so let me start by wishing you a Happy New Year.  In early January, many of us are planning and setting goals for everything we want to do and achieve in the year to come.

While many people think of spring as the prime time home buying season, the winter months often offer an even greater selection of inventory, and the opportunity to settle into the new home before warmer months arrive.  If buying a house is on your “to do” list this year, now is also the time to begin preparing.


I remember when I bought my home.  There were so many things to get in order– it was confusing to decide where to begin! So, even if you plan to buy in the spring, January is a good time to get ready. Here are some tips to help you get on track to reach your 2012 home buying resolution:


  • Select a qualified and trusted real estate agent: At Coldwell Banker Horizon Realty, we have knowledgeable, trustworthy agents.  Agents that understand the valley’s market and can help you find all the information and resources you need to get started. Researching on your own is important, and using free on-line tools is a great way to start, but meeting with an agent will ensure you don’t miss any important steps along the way.  In fact, the next three tips were sourced from the great advice of our agents.
  • Create your “must-haves” and “nice-to-haves” list: Easier said than done, right?  But it’s next to impossible to find a first home with everything.  You’ll need to think about your lifestyle needs and prioritize the non-negotiable home accommodations, such as a bedroom for each family member, over items you may want, but not need, such as a large master suite. Everyone’s list is different, but knowing your “must-haves” in advance will help you stay focused.
  • Determine your budget: Be realistic about what is affordable. An agent can help you find comparable home prices and hone in on approximately how much the payments will be.  You should also plan to get pre-approved for a mortgage. Here is a link to two very capable Mortgage Brokers that have come very highly recommended by our REALTORS® that have used their expertise in the past with very positive results.  Brenda Dilley (250-861-4663) and April Dunn (250-768-6833) with Mortgage Alliance Homeline Mortgage are available to you at any time and will work getting together with you around your work and family commitments. Doing this prior to house hunting will let you know how much money you qualify for, and how much you can afford. You’ll also be able to figure out which mortgage type is best for you. You have a lot of options you may not be aware of.
  • Identify the perfect “location, location, location”: Everyone has heard this phrase before, and while the surrounding neighbourhood and home itself may improve over time, the physical location will remain the same. Determine in advance how close you would like to live to work, schools or extended family. A short commute to work, proximity to family or having easy access to highways and mass transit will often be items for your “must-haves” list.
  • Other costs and questions:  I won’t repeat myself but I will encourage you to go back to my Blog of      September 8, 2011  and review the many questions a first time buyer can have.  Even though this may not be your first purchase or move – things change, regulations, costs and you can sometimes forget the small details that may have caused you grief during your previous transaction.  Be sure you know what possible taxes will now apply to you on a second or third purchase that didn't on your first. Government grants for update to heating and insulation can come and go and may be available to you if you find the need to shop in a lower price point and put a little ‘elbow grease’ and equity into your home.


Welcome to home ownership !  - Something to be very proud of and excited about.  Be sure you have an experienced, trusted REALTOR® by your side to maximize the knowledge and minimize the stress.

Happy New Year!



When the going gets "Tough"...just call me.

Susan Tough