An interesting look at how the market faired in 2021. Sub divisions of note: Sahali, Aberdeen, Brocklehurst and South Kamloops. BC Assessment info and what to expect in trends moving forward in 2022.

2021 Realestate Review

Parker dives into Bully offers! What is a bully offer?, What are the pro's and Con's of a bully offer and how to deal with Bully offers!! A new term often used by agents in this current crazy market that we are in. Keeping Kamloopians up to date with the whats going in the real estate market.

What is a Bully offer in Real Estate?

Parker discusses secondary suites in Kamloops with guest Jason Dixon, Building and Engineering Development Manger of the city of Kamloops. They explore the differences between conforming and non-conforming suites, the rising demand for mortgage helpers and affordable dwellings for homeowners. Great listen and very informative.

An informative look at non-conforming suites with Jason Dixon from the city of Kamloops

Parker chats about what the bank of Canada did today and what they may be doing in the future, also the last 2 weeks of market data and what sellers can expect to be dealing with moving forward in the spring market of 2022.

Market Update June 1 2022! and much more......

In this episode Parker invites guest Darin Jurasevich, a home inspector-turned-realtor based in Bellingham, WA, to chat about the different perspectives each role brings to a real estate transaction.  Both Parker and Darin have similar career paths: they each spent about 10 years working as home inspectors before entering the real estate field.  Listen for an insider's perspective on the home inspection process -- from both sides now!

Home Inspection: A Realtor's Perspective

In this episode Parker outlines 7 traits that make a great real estate agent.

7 traits of a great real estate agent

Parker shares his knowledge of termites! These critters ARE found in the Kamloops area, and some locations in the city are more prone to termites than others.  In this episode Parker dispels some common misconceptions about termites, explains the signs of termite activity, and gives some advice for what to do if termites are found in your home.

Should I be worried about termites in Kamloops?

Parker chats with mortgage specialist Sarah Park from Mortgage Alliance in Kamloops, regarding some interesting rules, tips and just darn good information, specially if you are a first time home buyer or first time home buyer wannabe! Remembering this is the best time to buy a home in Kamloops in a long time.

Mortgage Stuff All Over The Map

Parker welcomes Cindy Burroughs and Tyson Storvold from Real Broker to discuss the emerging trend of cloud-based brokerages in the Kamloops real estate industry.

Why are agents choosing cloud-based brokerages? w/ Cindy Burroughs and Tyson Storvold

Parker welcomes Sarah Park to the pod booth to discuss the why, where and when of real estate investing.  Sarah is a mortgage consultant in addition to being a successful real estate investor. Parker and Sarah share tips and advice for how to jump into real estate investing without deep pockets.

Real Estate Investing on a Budget w/ Sarah Park

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!!!!!!!

Stigmatized Properties What? Where? Why?

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

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

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.

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

Year ending 2024 & Trump Scenario's

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.

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

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! 🎧🏡

Deep Dive on Property Management with Rohit Kumar

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.

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

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.

A message from the top of the mountain

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!

Home Insurance The Lesser Evil With Michael Carroll

In this podcast episode, Parker Bennett discusses the intricacies of making a subject to sale offer in the current Kamloops real estate market. He explains the importance of understanding market conditions, the balance between price and terms, and the strategic approach needed when making an offer. The episode emphasizes the significance of due diligence, negotiation tactics, and creative financing solutions to navigate the complexities of buying and selling homes effectively.
KEY TAKEAWAY'S
Understanding the current market conditions is crucial for buyers.
A subject to sale offer can provide leverage in a buyer's market.
The balance between price and terms is essential in negotiations.
Strategic presentation of offers can influence seller decisions.
Due diligence is necessary to strengthen your negotiating position.
Selling your home first can provide better financial clarity.
Creative financing options can enhance negotiation power.
Heavy terms can limit your leverage on price negotiations.
It's important to communicate effectively with your real estate agent.
Understanding seller motivation can aid in negotiations.
titles
Mastering the Subject to Sale Offer

What If You Need Sell Before You Buy A Home?

This conversation delves into the Kamloops real estate market, exploring how different subdivisions affect property values and the potential for buyers to stretch their budgets. 

The discussion transitions into the evolution of Type Two Fun, a marketing agency focused on real estate, emphasizing the importance of niche marketing and storytelling in real estate transactions. 
Nick Saxby from Type Two Fun,  highlights the need for real estate agents to build their brands and engage authentically with their audience to stand out in a competitive market.
Key Takeaways
Kamloops has significant price variances between subdivisions.
Understanding benchmark prices is crucial for buyers.
Niche marketing can enhance business value for real estate agents.
Storytelling is essential in real estate marketing.
Authenticity in social media engagement is key.
Real estate agents should focus on building their personal brand.
The market is seeing an increase in active listings without a drop in sales.
Buyers are looking for value in a competitive market.
Type Two Fun provides tailored support for real estate agents.
Effective marketing requires understanding the target audience.
titles
Exploring Kamloops Real Estate: A Comprehensive Guide
Type Two Fun: Revolutionizing Real Estate Marketing
Niche Strategies for Real Estate Success

Real estate marketing from an outside perspective with Nick Saxby

In this episode of the Kamloops Insider Podcast, Parker Bennett interviews Kaylee Templeman from Something Good Interiors. Kaylee shares her unconventional journey from nursing to interior design, sparked during maternity leave amidst the COVID-19 pandemic. The discussion delves into the challenges of transitioning careers, the dynamics of team building within her design firm, and the importance of functional design in real estate staging. Key insights include the impact of natural light, decluttering, and the strategic use of space to enhance property appeal. Kaylee emphasizes collaboration, flexibility, and the satisfaction derived from creating functional, inviting spaces for sellers of real estate transactions. Check out Kailee's Web Site @ www.https://www.somethinggoodinteriors.com/








Seller Preperations With Kailee Templeman

Kamloops Real Estate Insider Podcast – Interview with Dean Ganie (Norhaz)
Host: Parker Bennett
Guest: Dean Ganie – Specialist in hazardous material removal from NORHAZ

Key Topics Discussed:
1. Hazardous Materials & Indoor Air Quality
Dean started in the hazardous materials removal industry in the 1980s as part of a family business.
Dean's expertise focuses on asbestos removal and mitigating risks related to lead, mold, radon, and volatile organic compounds.
2. Understanding Radon Gas
What is Radon? A radioactive gas released from soil due to the decay of uranium.
How Does it Enter Homes? Radon seeps through cracks in concrete, basement floors, and foundation walls.
Health Risks: The second leading cause of lung cancer in North America, behind smoking.
Testing for Radon:
Long-term (12-month) testing is recommended for accuracy.
Short-term tests (like 3-day tests often used in real estate) may not reflect actual exposure levels due to seasonal fluctuations.
Mitigation Methods:
Sub-slab depressurization (a vacuum system beneath the foundation).
Pressurizing buildings in large structures.
Sealing the slab alone is ineffective.
3. Asbestos in Homes
Common Places Where Asbestos is Found:
Drywall finishing compounds.
Popcorn ceilings.
Vinyl flooring (especially 9x9 tiles).
Ductwork tape.
Vermiculite insulation (often found in attics).
Misconceptions About Risk:
Asbestos in good condition is not immediately dangerous.
Risk occurs when materials are disturbed, releasing fibers into the air.
Some materials, like vinyl tiles, are low risk, while others, like popcorn ceilings, release fibers easily.
Vermiculite Insulation:
Often contains asbestos due to contamination from mines, particularly in Libby, Montana.
Testing is unreliable because contamination varies from bag to bag.
WorkSafe BC considers all vermiculite to be contaminated.
4. Lead Paint & Other Hazardous Materials
Lead is primarily a concern in older paint layers (pre-1980).
Lead in duct tape and other materials can be encapsulated rather than removed.
Changes in building regulations (as of 2024) now require all demolition and renovation projects to be tested for hazardous materials.
5. Fiberglass Insulation & VOCs (Volatile Organic Compounds)
Fiberglass insulation under a microscope resembles asbestos fibers.
Formaldehyde and other VOCs off-gas from new construction materials, leading to poor air quality in new homes.
Remediation methods include heating the home to 56°C and ventilating to accelerate off-gassing.
6. Mold & Moisture Control
Mold Basics:
Mold is a natural fungus that thrives in moisture.
Not all molds are dangerous, but some (like Stachybotrys, or "toxic black mold") produce harmful mycotoxins.
Misconceptions About Mold:
Killing mold makes it worse—bleach and chemical sprays cause mold to release spores (sporulation).
Proper remediation involves physically removing mold through thorough cleaning.
Preventing Mold Growth:
Mold needs moisture to grow—control humidity and air circulation.
Bathrooms, attics, and poorly ventilated areas are most at risk.
The key to preventing mold is removing the moisture source.
7. Real-Life Case Studies & Stories
Restaurant Foreclosure:
A restaurant sat vacant for eight years, leading to severe mold contamination.
The entire basement was covered in thick mold, resembling a rainforest.
The building was condemned because remediation was impossible.
Hotel in the North Okanagan:
A historic hotel had a mold-infested basement with food supplies.
A foot-deep layer of mealworms covered the floor.
Structural damage from mold and rodents led to condemnation.


Contacting Dean Ganie & Norhas
Website: www.norhaz.com
Email: dean.ganie@norhaz.com
Phone: 250-488-6509

What kinds of hazardous materials are in our homes?

The Truth About Septic Systems with Roderic Van Woerkom from "It Happens Septic "
On this episode of the Kamloops Real Estate Insider Podcast, Parker Bennett dives deep into the often-overlooked but crucial topic of septic systems with expert Rodric Van Woerkom, a registered onsite wastewater practitioner and private inspector from It Happens Wastewater Inc. If you’ve ever heard myths about throwing a chicken in your septic tank, questioned whether septic systems need maintenance, or are considering buying a rural property, this episode is packed with insights that can save you tens of thousands of dollars.

Understanding the Basics of a Septic System
Rodric, breaks down how a septic system works, explaining the role of the primary tank, how wastewater is processed into three layers (solids, clear effluent, and scum), and how it eventually disperses into a septic field or secondary treatment system. He dispels common misconceptions, such as the belief that a well-functioning septic system doesn’t require maintenance. Regular upkeep is key to preventing expensive failures.

Septic Inspections: Why They Matter
One of the biggest mistakes homebuyers make is not investing in a proper septic inspection. Roderick explains how a typical "pumper inspection" (a basic tank pump-out) is not a real evaluation of a system’s health. A certified inspection involves high-end equipment like cameras, locators, and permeability tests to assess the entire system, including the septic field. A failing system can mean repair costs of $40,000 to $65,000 or more, especially in waterfront or rural properties.

Signs of a Failing Septic System
Parker and Rodric discuss warning signs that a septic system may be on the brink of failure:

Unusual green patches in the yard, especially in a distinct rectangular shape.
Foul odors around the field or house.
Slow drains or backed-up plumbing, which could indicate issues in the dispersal system.
Unknown field locations, where homeowners assume the system is fine just because toilets flush properly.
Common Myths and Misconceptions
"A good septic system doesn’t need maintenance." False! Regular inspections and pumping prevent costly failures.
"Enzymes and additives improve septic function." Another myth! Many products actually cause more harm, breaking down solids too much and clogging dispersal fields.
"Just pump the tank and you’re good." This only removes solids, but does not evaluate the condition of the field or drainage system.
Proactive Maintenance Tips
For those with older septic systems (like Parker’s 40+ year-old system), Roderick shares practical maintenance tips to extend system lifespan:

Install an effluent filter to prevent solids from reaching the field.
Inspect baffles (the internal barriers in the tank) to ensure they’re functioning properly.
Pump the tank based on need, not just a set schedule—every 3-4 years is typical for a family home.
Be mindful of water use—too much water can overwhelm the system.
NEVER put water softener backwash into the septic system, as it can destroy beneficial bacteria and cause system failure.
Septic System Costs & Planning
For new septic installations, Roderick explains that costs vary widely based on soil type and location:

Basic gravity-fed systems: $18,000 - $22,000.
Pressurized systems (required in some areas): $20,000 - $40,000.
Waterfront properties or areas with strict regulations: Much higher due to engineering and advanced treatment requirements.
Shocking Septic Stories
From finding a buried logging truck used as a septic tank to digging up cars and barrels as DIY septic solutions, Roderick has seen it all. He shares some humorous and alarming stories of what can go wrong when septic systems aren’t properly installed or maintained.

🔹 To learn more, visit It Happens Wastewater Inc.

The TRUTH about Septic Systems with Guest Rodric Van Woerkom

In this weeks edition of the Kamloops RealEstate Insider Podcast we are joined by Blaine Matuga from Central Interior Pumps to discuss groundwater and well systems. This is a great listen for rural property buyers that want to understand how to ensure you are buying a property with a good water source and the potential process for evaluating or drilling a new water source. ....And as usual up to date stats on the current Real estate situation in Kamloops market with Parker Bennett and Ally Carroll from Royal LePage Westwin Realty.

Episode #38 Groundwater and Well Systems with guest Blaine Matuga

Parker and guests chat about the do's and do not's regarding preparing your home for its very best first impressions when listing your home. Special thank you to Sandra Pokorny from The Edit Kamloops, as we follow along many of her details regarding staging a home. " a great help Sandra Thank You "

Episode 42 Prepping your home for photo shoot

Parker and guests explore the details of the termite situation in the kamloops area, little known facts about the critters and what the heck to do about it.

Kamloops has termites! Episode 43

Parker and the Kamloops Insider team chat with special guest Randy Lambright, Chief Administrative Officer of Lagan Lake Village on some of the amazing advantages that the village of Logan Lake has to offer its residents. Affordable housing, a connected community and over 2000 hours of sunshine a year.

Logan Lake A Viable Option For Affordable Housing

Join Parker this week as we chat with the newest insurance team in Kamloops from Central Agencies ( Team Coolridge ) Ben & Dawn chat about what is going on with strata insurance premiums and crazy deductible hikes in higher risk strata complexes. Very informative and serious listen for new purchasers looking to enter the strata homeownership world. What to ask your realtor before jumping into a potentially financial headache.

Strata Insurance Crisis

Casual conversation with Steven Gillingham on the importance of professional photography when selling your home. We also chat about some realtor fails on MLS and the latest segment called "How Kamloops Are You? "Apparently Im not that Kamloops .....

A picture is worth 1000 words when selling your home

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.

The Kamloops Real Estate Insider

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