Category Archives: Blog

Why Hire a Full Service Realtor?

Full service realtors offer so much more than the other options.  Don’t mess around – choose a full service realtor to help you sell your largest asset.  Remember it’s not about what you pay, it’s about what you net in your pocket.

Call our team for more details today – The Salt Fowler Team at 250-549-7258 and “Just Add Salt!”

2017 Best of the Best Local Business Vernon Award Winner Announced! – Press Release

 FOR IMMEDIATE RELEASE

2017 BEST OF THE BEST LOCAL BUSINESS Vernon Award winners were announced today by the local Sponsor of the Awards.

BEST OF THE BEST LOCAL BUSINESS Awards are given out annually by the BEST OF THE BEST LOCAL BUSINESS Foundation and the local sponsor in each area. The Sponsor for Vernon, BC is the Salt Fowler Real Estate Team, a long term local Vernon success story. Selection of winners is based on a number of criteria. Please see the Salt Fowler website for more information – www.saltfowler.com.

Winners receive free publicity, and are entitled to display the 2017 Vernon BEST OF THE BEST LOCAL BUSINESS “Winner” logo on their website, in their place of business, and on their marketing materials.

We are pleased to congratulate these 38 local Vernon businesses for being an inspiration to their community, and for winning the BEST OF THE BEST LOCAL BUSINESS Award for 2017:

  1. Best Flower Shop – Harris Flower Shop
  2. Best Toy Store – Teeter Totter Toys
  3. Best Lawyer –Woolley & Co.
  4. Best Notary Public – Charlene Silvester Notary Public
  5. Best Local Food Store – Butcher Boys Food Market
  6. Best Property Management – Portico Property Services Ltd.
  7. Best Boat Rentals – Vernon Boat Rentals
  8. Best Home Staging – By Inspired Design
  9. Best Photographer – Spotlight 360
  10. Best Tire Shop – Peters Tirecraft
  11. Best Computer Repair – Andy Duffy IT Consulting
  12. Best Used Truck Parts – Coldstream Truck Parts Ltd.
  13. Best Used Car Parts – Vernon Auto Wreckers
  14. Best New Automotive Parts – Gilbert Parts Depot
  15. Best Storage – Vernon Mini Storage
  16. Best Fruit Stand – Swan Lake Nurseryland
  17. Best Pub – Longhorn Pub and Liquor Store
  18. Best Home Builder – Woodstyle Homes
  19. Best Health Food – Nature’s Fare Markets
  20. Best Coffee Shop – Triumph Coffee
  21. Best Hotel – Village Green Hotel
  22. Best Hair Salon – Lookin’ Sharp Hair Design
  23. Best Specialty Food Store – Olive Us Olive Oil and Vinegar Tasting Room
  24. Best Jewellery Store – HM Krause Jewellers
  25. Best Furniture Store – City Furniture & Appliances Ltd.
  26. Best Office Supplies – Corbett Office Plus
  27. Best Veterinary Clinic – Vernon Veterinary Clinic
  28. Best Custom Cabinets – Greystokes Millwork Ltd.
  29. Best Carpet Cleaner – Pro-Steam Plus Carpet Cleaning
  30. Best Handyman – Tim Elliott Handyman Service
  31. Best Electrical Contractor – Tillicum Electric & Controls Ltd.
  32. Best Pool Company – Backyard Pleasures Ltd.
  33. Best Pizza Place – Top Choice Pizza
  34. Best Non-Profit Organization – North Okanagan Valley Gleaners
  35. Best Sign Company – Alpha Graphicsworks & Sign
  36. Best Consignments Store – A&E Community Market and Consignment Centre
  37. Best Breakfast Restaurant – Lunch Matters… Breakfast Too
  38. Best Shades and Shutters – Okanagan Shade and Shutter Ltd.

The BEST OF THE BEST LOCAL BUSINESS Awards program recognizes worthy local businesses, encourages people to shop locally, and increases community spirit. Companies interested in Sponsoring BEST OF THE BEST LOCAL BUSINESS for their community can find out more on our official website – www.bestofthebestlocalbusiness.com.

 

The Outback Resort on Okanagan Lake Year End Update

Good Morning!

Just wanted to give you the Outback year end update before it gets past year end 🙂  Things could change in the next week if another unit is listed or sells, however I think our numbers are going to be fairly close 🙂
There were 12 sales at the Outback in 2017, ranging from $270,000 to $1,392,000.  Here are all the sales for 2017:  http://matrix.interiorbc.ca/DE.asp?ID=1755881170
There are currently 14 units actively for sale at the Outback:  http://matrix.interiorbc.ca/DE.asp?ID=1755880934
Also during the year, two units were withdrawn off the market (one unit was relisted and sold; the second was a bundle of two units that was later unbundled and sold separately – of those two units in the bundle, the one unit sold and the other smaller unit remains on the market for sale.  In addition, 7 units expired and of those 7, 2 relisted and are still on the market, and 1 was sold internally to a family member.  The other remain unsold and off the market at the present time.
Although compared to the rest of the market these numbers aren’t earth shattering, these are the best numbers the Outback as ever seen for resales.
Our team is proud to be part of over 50% of the sales mentioned above and hoping to help more Outback sellers and buyers in 2018!  For any further information, call any one of our Outback experts today at 250-549-7258 or webinfo@saltfowler.com.   Or check us out at OutbackWaterfront.com.
Have a great holiday season!
Cheers,
Lisa, Gord and the Salt Fowler Team

Why Consider a Real Estate Purchase in the Okanagan Valley?

If you are looking to buy real estate in British Columbia where you can live the dream of hot sunshine in the summer, world class golf courses and snow skiing in the winter, then you should consider buying in the Okanagan valley. The surrounding mountains make the valley conducive to living in any of the four weather seasons. Real estate in the Okanagan is getting more and more popular by the day, owing it’s infamy to the beauty of the surroundings. The Okanagan is really a lovely place to live as the weather is favourable in any condition. There is no doubt that the demand for waterfront homes in this area is on the increase and hence now may be the right time to opt in for one. So the big question might arise; why buy real estates from the Okanagan valley? There are so many benefits involved in investing in Penticton, Kelowna and Vernon real estate.

The Okanagan valley experiences favourable weather conditions because the mountains pose as a barrier from the harsh winter experienced in other locations in Canada. It has basically four distinct weather seasons unless many other areas in the country. While winter gives opportunity for snow skating, skiing as well as other winter sports, in the you can experience very bright and hot weather, when visiting the many waterfront beaches, golfing and hiking are a popular activities.

It is also known as a wine growing area and this acts as a big attraction for visitors who come in to have a taste of fresh local B.C. wine. With a huge number of people visiting this beautiful place at every season for recreational activities, holidays and leisure, there is really a huge demand for accommodations of which any investor can consider investing in commercial buildings, resort properties and even personal residential homes. There is an especially huge demand for waterfront homes on Okanagan and Kalamalka Lakes that rent out for a significant sum on a short term basis. For anyone looking out for the best place for recreational activities, the Okanagan Valley should be the first option.

There are sub areas you can also consider investing in. Kelowna is one of the major cities here and has a lot of beautiful places; we also have Penticton, Vernon and other sub areas. Each of these areas is experiencing rapid development and are awesome places to consider owning Okanagan real estate. If you have not heard of the popular Silver Star Mountain Resort in Vernon, then you are really missing out. It is a place to experience fabulous outdoor skating, skiing, snow shoeing etc. in the winter, while you can also enjoy the world class Predator Ridge Golf Resort in the spring, summer and fall.

You can see the many benefits and advantages involved in buying real estate in the Okanagan. For Canadians investors looking out to buy real estate without having to move far from their own country (and currency, given the recent decline of the Canadian dollar versus the American), the Okanagan Valley is one of the best options to consider.

Merry Christmas and Happy New Year from the Salt Fowler Team!

2017 brought with it more exciting developments for our team with another fabulous new addition of Brodie Tulloch, a long time Vernon resident who joined us in June of this year. We are so happy to have Brodie join our little family of realtors.

Real estate itself saw more increases than ever in 2017 with prices heading up. Great news for Sellers. Also, for Buyers, there are still great deals out there, and that’s what our buyer’s agents do –  they look for those great deals every day.

Still the largest portion of our business has been from our past and current clients who have given us the highest compliment – referrals to their friends, family and associates. We cannot thank you enough for your continued support – you have helped us remain the top selling RE/MAX team in the North Okanagan!!

As always, we continue our participation in local charity events, as we all feel very strongly about giving back to our community. This year our Team organized another fun and successful event at the Pumpkin Patch on St. Anne’s Road, matching the proceeds to raise over $1200 for the Children’s Miracle Network. We continued our support of the local Rail Trail and of course donate a portion of each commission cheque to the North Okanagan Hospice Society.

A sincere thank you for your ongoing support. We look forward to another prosperous year for the North Okanagan. With Vernon being one of the fastest growing communities in BC, we thrive on being the go-to agents for you and anyone you know.   Please remember – we are never too busy for any of your referrals!

All the best to you, from our sales team: Lisa, Gord, Glenn, Alex, Joanne, Greg, Avrill, Christie, Brodie and our awesome support team:  Lisa I, Tanya, Tracy, Arley and Raphael.

Monthly Vernon Real Estate Market Update for November 2017

This North Okanagan Real Estate Update covers the areas of:  Vernon, Coldstream, Falkland, Armstrong, Enderby and Lumby.

Updated Stats for Residential Homes in the North Okanagan:

Sell/Inventory Ratio:   

31.34%  (this is how much of what is currently on the market sold last month)

Days to Sell:  

53 (how many days on average it is taking to sell a home)

Avg. Sale Price:  

$458.=,805 (averages can be skewed by a few really high, or really low $$ sales)

Median Sale Price:  

$429,500 (the exact middle sale price of every residential property sold last month)

Waterfront Home Sales: 

Still 15 waterfront home sold year to date (compared to 33 last year)

North Okanagan overall statistics:

Total Units that were newly LISTED (and active on the market) during each of the past 3 months:

Sep:          290

Oct:           221

Nov:          236

Total Units SOLD (all property types including raw land and commercial) during each of the past 3 months:

Sep:      214

Oct:       225

Nov:      159

Wrap Up:

Sellers:  Total sales for November were down again year over year – 159 sales in November of this year versus 171 during the same time period in 2016.  Although a bit more competition entered the market this month (an increase of nearly 12%), the total number of properties on the market are still down by over 9%. We are still seeing homes withdrawn from the market as is usual this time of year (we don’t advise this to our sellers), which is helpful for those homes that are still on the market for the duration of the winter months as there is less competition and still lots of demand for homes.  The market experienced a short few week lull in November, however picked right up by month end and continues into the first part of December.  The lack of snow helps!

We wrote this article a while back regarding selling over the holidays – hope you enjoy by reading here.

If you would like a complimentary evaluation of your home’s value, now may be the time!  Click here to sing up for your personalized free home evaluation.

Buyers:  The new mortgage rules are coming into play January 1.  However, if you have a preapproval in place prior to January 1, the lenders are generally choosing to honour there for up to 120 days.  If you are considering a purchase, ensure you get your preapproval in place now before year end!  Call us and we will hook you up with a mortgage professional who will ensure you receive the best mortgage at the best rates with the least amount of stress.

For more information on the new mortgage rules, please see our Castanet article here.  

We can help get you to the newest listings first, often before other Realtors or the public hear about them with our unique Buyer Profile System – sign up to View Thousands of Homes right here!

Please feel free to Contact Us Anytime:  Lisa, Gord, Glenn, Alex, Joanne, Greg, Avrill, Christie and Brodie of the Salt Fowler Team, RE/MAX Vernon – specializing in North Okanagan and Vernon BC Real Estate.

Should I Buy A Brand New Home?

There really is nothing like moving into a brand new home, one that no one but you has ever lived in. However, There are 5 main factors for buyers to consider when making the decision to purchase a brand new home versus a previously owned home. These 5 factors are listed below:

  1. GST: Previously owned homes are generally not subject to GST (with some exceptions such as working farms, some vacation homes, and homes that have been substantially renovated), whereas new homes are. In the North Okanagan most buyers can count on paying the full 5% GST with no rebate due to home prices being much higher than the allowable price ceiling.
  2. Landscaping: Older homes often have more mature landscaping, although there is no guarantee that landscaping is perfect. On the other hand, most brand new homes include minimal if any landscaping with a purchase. This can be a large expense and one that you want to include in your final calculations when you purchase.
  3. Appliances and Window Coverings: Many pre-owned homes have appliances that can be negotiated into an offer to purchase. Most brand new homes do not include appliance packages or window coverings, adding two more big ticket items to the bottom line that must be accounted for in the final cost tally.
  4. Deficiencies: Older homes may not have brand new innards, however someone has lived in the home prior to you, and has worked out all the kinks. If you have never owned a brand new home, then you may not be prepared for all the post move-in visits by the many trades people coming to fully complete or repair something. It’s a revolving door for your first few months of living in your new home – be prepared!
  5. Construction Zone: Buying an older home in an established area on a quiet, tree lined street is often a pleasant experience, one that you can enjoy immediately. On the other hand, most brand new homes are built in brand new subdivisions. And unless you purchase the last lot in the subdivision, your neighbourhood is going to be under construction for years to come. This means years of trucks and traffic and jackhammers and nail guns until the subdivision is complete.

As you can see, purchasing a brand new home isn’t the least costly, or the hassle/stress free option. However, as mentioned above, if you’re up for it and are prepared for a few costs and inconveniences, new homes in Vernon and anywhere else, are magical.