Paul Shreenan, REALTOR®  250.509.0920
FAIR REALTY (NELSON)

602 Baker Street Nelson, BC. V1L 4J4

new videos: TUES & THUR

Escalation Clauses

I almost used an escalation clause. Perhaps my most compeling opening blog line ever. In a multiple offer situation on Kootenay Lake waterfront recently my buyer proposed we use an escalation clause, or a “referential purchase price clause” (RPPC). An RPPC pledges the Buyer will beat any bona fide offer it competes against by a…

CASTLEGAR MARKET SMOKES ON IN APRIL

Strong Sellers’ market conditions dominate all of the West Kootenay areas I work in as illustrated by the following recent sales. Right off the bat we’ve seen a bunch of over-list sales in the Castlegar market area in the first week of April: 555 5TH Avenue LIST PRICE: $352,900 | SOLD PRICE: $416,500 513 Kerria…

MORE ON MANUFACTURED HOMES

The Kootenay Real Estate Board now requires Realtors to enter images of both the CSA or BC Electrical number AND the MHR registration decal into our MLS system prior to Selling them. The CSA number assures consumers the manufactured home was built and wired to acceptable standards at some point in the past. Any changes…

One Year, Buyers Only

You have to list, to last. That’s a kind of old Realtor proverb. And there’s no reason to believe that it’s not true. You can’t make it as a buyers’ agent alone, they say. This is an experiment Starting now, I’m not taking listings in Nelson anymore, so I can exclusively work for buyers here.…

Special Tips for the Bank of Mom & Dad

If you’re thinking about co-signing on your kids mortgage to help them get into a market that’s hard for them to crack on their own there’s one critical and easy thing to know that will save them (or you) thousands of dollars down the road. Here are some additional resources about co-financing that are helpful…

Are more Albertan’s Moving West?

Here’s an interesting article about the potential causes of the increased heat in our local market. While Albertans may be a factor, I think a bigger factor is our current lack of inventory. The number of local first time buyers seems fairly high to me as well, given the interest rate environment and fears that…

Housing Market Ends Year in Balanced Conditions

Vancouver, BC – December 12, 2014 The British Columbia Real Estate Association (BCREA) reports that a total of 5,972 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November, up 8.8 per cent from November 2013. Total sales dollar volume was $3.4 million, an increase of 12.1 per cent compared to a…