Kamloops Real Estate Insider Podcast

Parker Bennett
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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. Home Insurance The Lesser Evil With Michael Carroll

    3 DAYS AGO

    Home Insurance The Lesser Evil With Michael Carroll

    Understanding Home Insurance: What You Need to Know with Mike Carroll from Central Agencies LTD In Kamloops BC In this episode of The Kamloops Real Estate Insider Podcast, we dive into the world of home insurance with expert guest Mike Carroll, an experienced insurance broker with over two decades in the finance and insurance industry. Mike breaks down the critical role insurance plays in protecting homeowners, debunks common myths, and shares insider tips on getting the right coverage for your property. We explore everything from why insurance is essential for the economy to the risks associated with older homes, Poly-B plumbing, and wildfire threats. Mike also sheds light on how homeowners can adjust their policies to save money and ensure they're properly covered in case of disaster. Whether you're a first-time homebuyer, an investor, or just looking to better understand your policy, this episode is packed with valuable insights. Don't forget to share this episode with friends and leave a review—it helps us bring more great content to you!

    32 min
  2. A message from the top of the mountain

    FEB 11

    A message from the top of the mountain

    In this engaging episode of the Kamloops Real Estate Insider Podcast, Parker reconnects with Derek Strokon, a returning guest hailing from Sun Peaks and CEO of Soul Summit Ventures. The discussion kicks off with a quick market update, from Sun Peaks BC, noting the high average listing price in Sun Peaks and comparing it to the more affordable market in Kamloops. Derek shares his journey from Vancouver to Kamloops, eventually settling in Sun Peaks, highlighting the significant lifestyle changes and the strong sense of community in his new home. He discusses his business ventures under Sole Summit Ventures, including his unique approach to philanthropy. The conversation shifts to the broader impact of business in real estate and beyond. Derek talks about his upcoming book and keynote, emphasizing the importance of using business success to contribute positively to the community. He explains how realtors and other professionals can use their revenues to make a significant impact, not just in their industries but in their communities and lives of others. Derek and Parker delve into personal anecdotes and reflections on the importance of meaningful contributions over mere financial success, touching on themes of authenticity, legacy, and the deep fulfillment that comes from genuine community involvement. Key Points: Check out www.HandsOffMyBeaver.ca Closing Thoughts: Derek's perspective on using business as a force for good, coupled with his personal experiences and strategic advice for realtors, offers listeners valuable insights into balancing professional success with meaningful personal contributions.

    1h 10m
  3. Do you want to know how to Save $356,000 in the next 16 years?

    FEB 7

    Do you want to know how to Save $356,000 in the next 16 years?

    Summary In this episode of the Kamloops Insider Podcast, Parker Bennett discusses the latest trends in the Kamloops real estate market, including January's statistics, the significance of benchmark prices, and the changing demographics of buyers. He also explains the BC Housing Secondary Suite Initiative, detailing how homeowners can save significantly by utilizing this program. takeaways The Kamloops real estate market saw a 14% increase in transactions compared to January 2024. Benchmark prices can be misleading; understanding average sale prices is crucial. The average sale price of a single-family home in Kamloops is currently $733,000. Days on market for homes have increased to an average of 72 days. Buyer demographics are shifting, with more local buyers and an increase in single female buyers. The BC Housing Secondary Suite Initiative offers a forgivable loan of up to $40,000 for homeowners. Building a secondary suite can save homeowners $356,000 over 16 years. The average price of a townhouse in Kamloops is $495,000, while condos average $354,700. Understanding subdivision-specific pricing is essential for accurate market analysis. Investors have decreased significantly in the market due to new regulations.

    24 min
  4. Deep Dive on Property Management with Rohit Kumar

    JAN 30

    Deep Dive on Property Management with Rohit Kumar

    Deep Dive on Property Management with Rohit Kumar | Kamloops Real Estate Insider Podcast In this episode of the Kamloops Real Estate Insider Podcast, we take a deep dive into the world of property management with special guest Rohit Kumar. If you’ve ever considered becoming a landlord or investing in rental properties, this episode is a must-listen! Rohit shares his journey into property management, the challenges he faced, and why he was determined to fill the gap in Kamloops’ rental market. We discuss everything from tenant placement and asset management to the realities of rental market fluctuations and the impact of increasing vacancy rates. You'll also hear some eye-opening stories—like a tenant's final "gift" of rotting fish guts and the unexpected dangers of managing properties. Plus, we break down the financial side of real estate investing, including key performance indicators, return on investment strategies, and whether a legal suite is truly worth the extra cost. If you're an investor, landlord, or just curious about the rental market in Kamloops, this episode provides valuable insights, practical tips, and a dose of real-world experience. Tune in, subscribe, and let’s talk real estate! 🎧🏡

    1h 2m
  5. What is my ROI if I get my BC Assessment reduced!

    JAN 20

    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
  6. 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
  7. 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
  8. 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
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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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