Special Announcement of Office Changes.
As many of you will know Tanis Read and myself opened our own personal Real Estate Office in Quail Ridge, earlier this year.
After long and careful consideration, I have with immediate effect moved from Premier Canadian Properties to Coldwell Banker® and I am very excited to announce that our office in Quail Ridge has now become their fifth Real Estate Office in the Valley.
Whilst I enjoyed my 5 years at Premier Canadian Properties, I have joined a strong and highly skilled team of professionals with extensive real estate & local knowledge, combined with the full resources of Coldwell Banker Horizon Realty.
Please can I ask you to make a note of my new contact details and I look forward to speaking to you again very shortly.
Trish Cenci
Coldwell Banker Horizon Realty
Quail Office -:
3A, 3185 Via Centrale
Kelowna, BC, V1V 2A7
Cell 250 864 1707
Office Tel 250 765 4282
Fax 250 765 4282
My e.mail – trishcenci@shaw.ca
My web site - http://www.mykelownarealestate.com/
Twitter http://www.twitter.com/AKelownaRealtor
Downtown Office
Coldwell Banker Horizon Realty
#14-1470 Harvey Ave.
Kelowna, BC. V1Y-9K8
Office: (250)860-7500
Toll Free: (888) 535-6962
Fax: (250)868-2488
Email: horizon@kelownarealestate.com
Trish Cenci,
3A, 3185 Via Centrale
Kelowna, BC V1V 2A7
Cell:250 864 1707
Website: http://www.mykelownarealestate.com/
Email: trishcenci@shaw.ca
Work From Home Job Blast: TeleTech@Home
If you have customer service experience, a high speed internet connection, a corded telephone, and a quiet work area then you probably have what you need to start earning money from home. TeleTech@Home provides you with training through their TeleTech University. They also provide you with a corded headset and a WorkBooth CD that connects you to everything you need, including your supervisor.
TeleTech@Home allows you to track your own performance on a daily basis through their Empower program. Employees are rewarded through higher pay according to their performance. TeleTech@Home is also eager to provide jobs to members of the military and their spouses, which I think is outstanding. It must be difficult to hold a job down when you move every few years to a new location. A work from home job like TeleTech@Home would allow you to stay with the same company for as long as you wish.
If you are interested in exploring an opportunity with TeleTech@Home, there are 8 steps to complete before you can be hired:
- Make sure that the position is right for you
- Complete a fifteen minute application with pre-screening questions
- Testing of your computer to make sure it will be sufficient for the job
- Initial phone screen followed by online assessment tests
- Online group information session
- Phone interview (Make sure that there is NO background noise during this time!)
- Background check & PC Certification
- Hiring!
If you are interested in receiving more work from home job blasts like this one, be sure to follow me on Twitter!
Visit www.moneymorning.com to find out more regarding fb Work From Home Job Blast: TeleTech@Home
Real Estate Money Making For Stay At Home Moms
This year, I have embarked upon a new venture that I'm quite excited about and I wanted to share what I have learned with you. For a couple of years now, I have been researching various ways to invest in real estate. You see, I believe that real estate investing is just about the perfect money maker for stay at home moms. The problem is that most women simply do not know how to go about this. For that matter, in this market, there are a lot of experienced real estate investors that don't know how to go about making money in a down market.
Now I don't claim to be any kind of real estate investing guru, but what I have learned has been pretty exciting. You see, real estate investing does require a time commitment, but it can be worked according to your schedule and the money making potential is unbelievable.
Here's a little bit of the back story so you can see where I'm coming from.
My husband sells cars for a living. Last year, a man walks into my husbands office and asks if there is any way that he could trade land for a used car. The man had made the same offer at who knows how many other car lots that same day, only to be turned down. My husband has some real estate investing experience and recognized that this could potentially be a great deal. Turns out, the man had 8 acres of land to trade. My husband had connections with wholesalers of used cars and we ended up buying a used car at a wholesale price and trading the land for the car. We ended up only paying about $4,000 for the car. We estimated the land to be worth somewhere between $15,000 and $20,000 in today's down market. Not a bad rate of return.
Now here's the interesting part that I wanted to share. This all happened last year and honestly we had no idea what we wanted to do with the land. We knew that whatever we did, we wanted to absolutely optimize our profits. Here's the problem, though: real estate is just not selling very well and banks aren't lending like they used to. We wondered if we were just going to have to hold onto the land until the market came back. Could be 3 years, 4 years, 5 years or more, who knows.
Here's what we decided to do. We checked with the restrictions in the neighborhood and noticed that we could divide the land into two 4 acre lots. Then, we decided that we would owner finance the land. We'd sell each half at the price we would have expected to get in a good market, $30,000. Then we'd ask for $5,000 down, 10% interest for 30 years without regard to credit history. Now this would mean that we would receive a monthly payment from the owners of $219.39 basically for 30 years. Now $219.39 a month is not going to allow me to hire a personal chef or limo driver. After 30 years time, though, we will have collected a sum of $83,980.40 on half of the ground!
This means that on our $4,000 investment on 8 acres of ground, we would have the potential of receiving $167,960.80. Now that's what I call optimizing an investment.
There are quite a lot of people out there with land they'd like to sell that's just not selling. They simply do not know how to sell it in this market so the possibility to cut a sharp deal is there.
Now I have learned that it is possible to invest in real estate without a lot of money in your pocket and you really don't need to sit back and wait for some guy to come offer you the kind of deal that we got. If you are interested in finding out more, I'd recommend reading a book by Dean Graziosi called Profit From Real Estate Right Now! The Proven No Money Down System For Today's Market. I'm not getting any money to promote his book. I've read the book and he explains in detail how to make money from real estate without any money what-so-ever. Again, I want to emphasize that I am not getting any money from anyone if you buy his book. In fact, I would just recommend checking with your local library to see if they have a copy.
I plan on venturing into real estate this year and will be sharing every detail of whatever I do with all of you. If I fail, you'll know about it. If I succeed, you'll know about that too. One thing is for sure, though, we're going to learn something about real estate investing together!
Now I don't claim to be any kind of real estate investing guru, but what I have learned has been pretty exciting. You see, real estate investing does require a time commitment, but it can be worked according to your schedule and the money making potential is unbelievable.
Here's a little bit of the back story so you can see where I'm coming from.
My husband sells cars for a living. Last year, a man walks into my husbands office and asks if there is any way that he could trade land for a used car. The man had made the same offer at who knows how many other car lots that same day, only to be turned down. My husband has some real estate investing experience and recognized that this could potentially be a great deal. Turns out, the man had 8 acres of land to trade. My husband had connections with wholesalers of used cars and we ended up buying a used car at a wholesale price and trading the land for the car. We ended up only paying about $4,000 for the car. We estimated the land to be worth somewhere between $15,000 and $20,000 in today's down market. Not a bad rate of return.
Now here's the interesting part that I wanted to share. This all happened last year and honestly we had no idea what we wanted to do with the land. We knew that whatever we did, we wanted to absolutely optimize our profits. Here's the problem, though: real estate is just not selling very well and banks aren't lending like they used to. We wondered if we were just going to have to hold onto the land until the market came back. Could be 3 years, 4 years, 5 years or more, who knows.
Here's what we decided to do. We checked with the restrictions in the neighborhood and noticed that we could divide the land into two 4 acre lots. Then, we decided that we would owner finance the land. We'd sell each half at the price we would have expected to get in a good market, $30,000. Then we'd ask for $5,000 down, 10% interest for 30 years without regard to credit history. Now this would mean that we would receive a monthly payment from the owners of $219.39 basically for 30 years. Now $219.39 a month is not going to allow me to hire a personal chef or limo driver. After 30 years time, though, we will have collected a sum of $83,980.40 on half of the ground!
This means that on our $4,000 investment on 8 acres of ground, we would have the potential of receiving $167,960.80. Now that's what I call optimizing an investment.
There are quite a lot of people out there with land they'd like to sell that's just not selling. They simply do not know how to sell it in this market so the possibility to cut a sharp deal is there.
Now I have learned that it is possible to invest in real estate without a lot of money in your pocket and you really don't need to sit back and wait for some guy to come offer you the kind of deal that we got. If you are interested in finding out more, I'd recommend reading a book by Dean Graziosi called Profit From Real Estate Right Now! The Proven No Money Down System For Today's Market. I'm not getting any money to promote his book. I've read the book and he explains in detail how to make money from real estate without any money what-so-ever. Again, I want to emphasize that I am not getting any money from anyone if you buy his book. In fact, I would just recommend checking with your local library to see if they have a copy.
I plan on venturing into real estate this year and will be sharing every detail of whatever I do with all of you. If I fail, you'll know about it. If I succeed, you'll know about that too. One thing is for sure, though, we're going to learn something about real estate investing together!
From Idea To Reality: IdealSamples.com
She has 10 years of professional experience as designer, entrepreneur, adviser in the fashion/apparel industry. Her expertise ranges from concept creation, design, product development, manufacturing, wholesale, retail and online distribution.
She started Ideal Samples Inc in 2008 to fill a growing need in the marketplace for individuals and businesses that have ideas or concepts that need samples or products produced or help bringing them to market.
With the guidance of seasoned mentors, her own experience and the proverbial school of hard knocks. Sheena’s identified the critical steps necessary to successfully bring an idea or product to life and then to market.
Sheena and her team of experts have worked on hundreds of ideas and products for such leading brands as Indian Motorcycle, American Brands, Asics, MainStreet, The Answer, V and Kids Clothes That Fit just to name a few.
To learn more about Sheena and Ideal Samples visit them at www.IdealSamples.com.
Trish May 2010 Newsletter
Update on the Economy
It would seem that the Canadian economy continues to improve, although mortgage rates have risen slightly, the effects of HST are yet to be felt and mortgage rules can now be regarded as more prudent.
The latest Stats Canada figures show unemployment as largely unchanged between February and March, and we would expect this to improve in the Okanagan during the next few months as we see the effects of summer tourism.
I am sure you have all read that some housing markets have completely rebounded to spring 2008 levels, sadly that cannot be said of the Central Okanagan area – see below.
We do have some really exciting things happening in the area, however, which will give the Okanagan a great boost.
Sparkling Hills, the spectacular new Spa situated overlooking Lake Okanagan, in the Predator Ridge area, is due to open its doors on April 30th, with the first bookings due May 20th 2010. With the international marketing they are undertaking for this facility, I expect it to have a very positive effect on our local economy.
The other good news is that Kal Tire, one of the Okanagan’s biggest International Companies is expanding its Vernon International Head Quarters.
Central Okanagan Statistics for April 2010
Type Total S. Fam Strata Lot Manuf
Apr 10 391 217 128 28 18
Mar 10 356 194 119 24 19
Apr 09 304 177 103 7 17
As you can see, yet again, there has been a positive increase in the number of sales during April 2010, which reflects the seasonality of sales in the Okanagan area.
Of the 128 Strata sales only 3 were over $600,000, and of the 217 single family home sales only 38 were over $600,000, 7 of which were over $1m and none over $2m.
These figures continue to show the market going in the right direction, and with the increase in viewing activity over the last two weeks, I expect to see this continue to rise further next month.
The Harmonized Sale Tax and Real Estate.
The federal Harmonized Sale Tax is scheduled to take effect in British Columbia on July 1, 2010. This is a tax that combines the provincial sales tax and federal Goods and Services Tax (GST) to create HST, with the rate currently set at 12%.
The tax will apply to real estate services provided by licensees. E.g. commissions, as well as certain trades.
For more information on how the new tax there are two web sites to look at www.cra-arc.gc.ca/gncy/hrmnztn/bc/menu-eng.html or www.sbr.gov.bc.ca/business/Consumer_taxes/harmonized_sales_tax/hst.html.
Any finally ...
As always, if you have any questions, please do not hesitate to give me a call or send me an e.mail.
Kind Regards
Trish Cenci.
Premier Canadian Properties
3A 3185 Via Centrale Kelowna, BC
V1V 2A7
Cell: (250) 864 1707
Office 250 765 4282
Fax: (250) 717 1889
Website: http://www.mykelownarealestate.com/
Email:trish@pcrealty.ca
It would seem that the Canadian economy continues to improve, although mortgage rates have risen slightly, the effects of HST are yet to be felt and mortgage rules can now be regarded as more prudent.
The latest Stats Canada figures show unemployment as largely unchanged between February and March, and we would expect this to improve in the Okanagan during the next few months as we see the effects of summer tourism.
I am sure you have all read that some housing markets have completely rebounded to spring 2008 levels, sadly that cannot be said of the Central Okanagan area – see below.
We do have some really exciting things happening in the area, however, which will give the Okanagan a great boost.
Sparkling Hills, the spectacular new Spa situated overlooking Lake Okanagan, in the Predator Ridge area, is due to open its doors on April 30th, with the first bookings due May 20th 2010. With the international marketing they are undertaking for this facility, I expect it to have a very positive effect on our local economy.
The other good news is that Kal Tire, one of the Okanagan’s biggest International Companies is expanding its Vernon International Head Quarters.
Central Okanagan Statistics for April 2010
Type Total S. Fam Strata Lot Manuf
Apr 10 391 217 128 28 18
Mar 10 356 194 119 24 19
Apr 09 304 177 103 7 17
As you can see, yet again, there has been a positive increase in the number of sales during April 2010, which reflects the seasonality of sales in the Okanagan area.
Of the 128 Strata sales only 3 were over $600,000, and of the 217 single family home sales only 38 were over $600,000, 7 of which were over $1m and none over $2m.
These figures continue to show the market going in the right direction, and with the increase in viewing activity over the last two weeks, I expect to see this continue to rise further next month.
The Harmonized Sale Tax and Real Estate.
The federal Harmonized Sale Tax is scheduled to take effect in British Columbia on July 1, 2010. This is a tax that combines the provincial sales tax and federal Goods and Services Tax (GST) to create HST, with the rate currently set at 12%.
The tax will apply to real estate services provided by licensees. E.g. commissions, as well as certain trades.
For more information on how the new tax there are two web sites to look at www.cra-arc.gc.ca/gncy/hrmnztn/bc/menu-eng.html or www.sbr.gov.bc.ca/business/Consumer_taxes/harmonized_sales_tax/hst.html.
Any finally ...
As always, if you have any questions, please do not hesitate to give me a call or send me an e.mail.
Kind Regards
Trish Cenci.
Premier Canadian Properties
3A 3185 Via Centrale Kelowna, BC
V1V 2A7
Cell: (250) 864 1707
Office 250 765 4282
Fax: (250) 717 1889
Website: http://www.mykelownarealestate.com/
Email:trish@pcrealty.ca
Subscribe to:
Posts (Atom)
