What's Home Equity and How Do You Build It?
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The HOLM Stretch | October 25, 2024

Chris Holm & Associates

We want you to know that our team is unique in the way we chose to approach real estate here in the North Okanagan.  We are a true real estate co...

We want you to know that our team is unique in the way we chose to approach real estate here in the North Okanagan.  We are a true real estate co...

Oct 23 4 minutes read

Thanks for stopping by! 

What can you use your home equity for?


If you're a homeowner, your house is likely one of your most valuable assets. As you pay down your mortgage and the value of your home increases, you're building equity—essentially, the portion of your home you truly own.

Tapping into that equity can open up a range of opportunities to help you achieve your financial goals.

So what can you use your home equity for?



  1. Renovations or home repairs
  2. Buying an investment property
  3. Paying off debt
  4. Creating an emergency fund
  5. Starting a business
  6. Selling



Unlocking the potential of your home’s equity is a smart way to strengthen your financial profile while making informed decisions that benefit your future.

Talk soon,

Chris, Patric, Julie, Jasmine, Kristi & Brell
THE TEAM AT CHRIS HOLM & ASSOCIATES

In North Okanagan Real Estate

As of the morning of Friday October 25, there are 905 homes showing as active listings here in North Okanagan. On  October 18,  there were  921 homes active.

Sales ranged from $235,000. to $3,350,000. Days to sell ranged from 18 to 249. 10 listings expired, 18 were cancelled.

29 prices were reduced over the last week.  2 prices increased.

Scroll down for our market recap for Vernon, Armstrong, and Coldstream real estate activity in the last 7 days.

$280,000.

Low Sale

34

New Listings

$2,177,777.

High Sale

23

Listings Sold

JUST LISTED

 

 

JUST SOLD

 


ICYMI...

PICKS OF THE WEEK

WHAT'S HAPPENING?


       

What's Happening In & Around Vernon

WHAT ELSE WE ARE TALKING ABOUT

Let's think about it.




If you’re going to sell your home and buy a new one, which step comes first?

Let’s think about it.If you sell first, you don’t have to worry about carrying two mortgages and you’ll have more buying power, but you may need a rental in the interim.If you buy first, you can take your time moving and you don’t have to worry about temporary housing—but it could put unnecessary strain on your finances, and you’ll feel the pressure to sell quickly.Which is better for you?


 

P.S. Not sure which route is best for your unique situation?  LET'S DISCUSS!

MAKING TRACKS

 

THE HOLM ADVANTAGE

 

WEEKLY REAL ESTATE REPORT


Armstrong BC Real Estate Recap

A look at Armstrong Spallumcheen Market Activity for the last 7 days.

New Listings  Just Sold  Active Listings

3

New Listings

0

Listings Sold

0

Price Up

3

Price Down

Vernon BC Real Estate Recap

A look at the Vernon market activity in the  last 7 days

New Listings  Just Sold  Active Listings

18

New Listings

18

Listings Sold

0

Price Up

18

Price Down

Coldstream BC Real Estate Recap

A look at Coldstream market activity over the  last 7 days

New Listings  Just Sold  Active Listings

4

New Listings

4

Listings Sold

2

Price Up

3

Price Down


Whether a purchase or sale is in the future (near or far) or you just want to know what's going in real estate anywhere in the Okanagan Shuswap, we'd love to hear from you.

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