Kamloops Real Estate Insider Podcast

Parker Bennett
Kamloops Real Estate Insider Podcast

Parker Bennett and guests from around the housing industry discuss the ins and outs of today's real estate market specifically for the Kamloops and local surrounding markets.

  1. What is my ROI if I get my BC Assessment reduced!

    2 DAYS AGO

    What is my ROI if I get my BC Assessment reduced!

    On this episode Parker speaks on the property assessment process in British Columbia, Canada, and explores the implications of challenging one's property assessment. The key points are: The BC Assessment Authority determines property values annually as of July 1st, which are then used to calculate property taxes for the following year. [08:45] The assessed value can differ from the actual market value of a property, as the assessment is a snapshot in time and does not reflect fluctuations in the real estate market. [05:23] Supply and demand are not equated into the evaluation, nor is the full assessment of home taken into account. Homeowners can challenge their property assessment, but the financial impact of doing so is often small, as the difference in taxes is relatively minor. Even if a homeowner successfully reduces their assessed value, this could have a negative impact when selling the property, as the lower assessed value may be viewed less favorably by potential buyers. [19:57] Therefore, challenging one's property assessment may not always be worthwhile, as the potential savings in taxes are often outweighed by the potential impact on the property's perceived value in the real estate market.

    23 min
  2. Year ending 2024 & Trump Scenario's

    JAN 15

    Year ending 2024 & Trump Scenario's

    Year ending 2024 & Trump Scenario's by Parker Bennett

    19 min
  3. 10 Most Common Mistakes With Foundation Repairs With Guest Bob Brown AKA The Dirt Whisperer

    JAN 1

    10 Most Common Mistakes With Foundation Repairs With Guest Bob Brown AKA The Dirt Whisperer

    Parker Bennett, an accomplished real estate agent and former home inspector, hosts Bob Brown, also known as "The Dirt Whisperer," on the Kamloops Insider Podcast to explore common pitfalls realtors face regarding foundation repairs. Throughout the episode, they delve into the "10 Most Common Mistakes Realtors Make with Foundation Repairs," highlighting critical missteps that can significantly impact real estate transactions. Key points discussed include the risks realtors face when they prematurely provide opinions on foundation issues without proper qualifications, potentially assuming undue liability. The importance of enlisting independent licensed forensic engineers instead of foundation repair salesmen is emphasized to avoid conflicts of interest and ensure accurate assessments. Bob and Parker also address the need for contracts to include clauses for automatic extensions, allowing adequate time for thorough inspections when potential issues are identified. Additionally, they tackle the common oversight of not maintaining strong relationships with credible experts, which can enhance a realtor's service quality and reputation significantly. The podcast also covers the pitfalls of "As Is" sales where disclosure is still required, the complexities of managing foundation repairs during escrow, and the critical nature of pulling permits for any structural work to avoid future legal and selling complications. This insightful discussion aims to equip realtors with the knowledge to navigate foundation issues effectively, avoiding common traps that could derail property sales and harm professional credibility.

    39 min
  4. Politics, news and some noteworthy insights - 2024-09-27, 2.57 PM

    10/22/2024

    Politics, news and some noteworthy insights - 2024-09-27, 2.57 PM

    This podcast was flagged and didn’t get uploaded for 4 weeks after it was recorded. Yukki happy listening.

    44 min
  5. Stigmatized Properties What? Where? Why?

    08/23/2024

    Stigmatized Properties What? Where? Why?

    On this episode Parker chats with Brian Ledoux and Lisa Moonie of Royal Lepage Westwin Realty in Kamloops about the current market conditions as well as a deep dive on Stigmatized properties, what they mean and how they are treated as agents, buyers and sellers. A good listen if you believe in Ghosts! or simply hate the though of buying a home that someone has died in!!!!!!!

    46 min

  6. 07/03/2024

    June Stats ..... Landlord Alert

    June Stats ..... Landlord Alert by Parker Bennett

    33 min

  7. 06/06/2024

    Better Rates Ahead For Canadians

    Better Rates Ahead For Canadians by Parker Bennett

    19 min
  8. Provincial & Federal Restrictions For Short Term Rentals, Zoning & Taxation

    05/22/2024

    Provincial & Federal Restrictions For Short Term Rentals, Zoning & Taxation

    Episode 125 Parker discusses the B.C.'s short-term rental legislation ( Which will Include Kamloops BC ) , Municipal upzoning regulations due to hit the mainstream June 30 2024 & The vacancy tax and how that may effect Kamloopians. Last updated on May 9, 2024 Like many jurisdictions, B.C. is regulating short-term rentals to help return more short-term rental units into homes for people. Learn more about B.C.'s Short-Term Rental Accommodations Act and regulations on this page. Overview of B.C.'s Short-Term Rental Accommodations Act Returning short-term rental units to the long-term market Strengthening local government tools to enforce short-term rental bylaws Establishing Provincial oversight of short-term rentals Short-term rentals versus tenancies The purpose of the Act is to: Return short-term rental units to the long-term housing market Give local governments stronger tools to enforce short-term rental bylaws Establish a new Provincial role in the regulation of short-term rentals The Act applies to short-term rentals being offered to the public including: Platforms where people reserve and pay for the accommodation, for example, Airbnb, VRBO, Expedia, and FlipKey Offers on other web listing forums, for example, Facebook Marketplace, Kijiji, and Craigslist Listings in classified ads in newspapers The Act will not apply to: Hotels, motels , Reserve lands Nisga’a Lands or the Treaty Lands A vehicle, such as an RV A tent or other temporary shelter B.C.'s short-term rental legislation Last updated on May 9, 2024 Like many jurisdictions, B.C. is regulating short-term rentals to help return more short-term rental units into homes for people. Learn more about B.C.'s Short-Term Rental Accommodations Act and regulations on this page. Increased fines and tickets The maximum fine that regional districts can set for prosecutions of bylaw offences under the Offence Act has increased from $2,000 to $50,000.

    34 min
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Parker Bennett and guests from around the housing industry discuss the ins and outs of today's real estate market specifically for the Kamloops and local surrounding markets.

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