Friday, September 7, 2012
"Rule No. 1: never lose money; rule No. 2: don't forget rule No. 1"
"Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful."
"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."
"The stock market is a no-called-strike game. You don't have to swing at everything--you can wait for your pitch. The problem when you're a money manager is that your fans keep yelling, 'Swing, you bum!'"
"Wall Street is the only place that people ride to in a Rolls-Royce to get advice from those who take the subway."
"Long ago, Ben Graham taught me that 'Price is what you pay; value is what you get.' Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down."
"Bad things aren't obvious when times are good, after all, you only find out who is swimming naked when the tide goes out."
"When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever."
"I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will."
"Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497."
I am the GUY that will make a difference! I specialize in selling homes in the in the Okanagan Valley including Westbank, West Kelowna, Peachland with a focus on Rose Valley, Lakeview Heights, West Kelowna Estates and Shannon Lake.
Karen Guy, REALTOR® Coldwell Banker Horizon Realty
C 250.878.3605 O 250.768.8001 http://www.connectwithkaren.com/
Tuesday, September 4, 2012
There’s a lot of information out there for sellers staging an Open House, but surprisingly few guidelines for the people who come to view them. For some, an Open House viewing may simply be an impulse activity to satisfy their curiosity about a neighbor’s home. However, for serious buyers, especially First Time Buyers who have limited experience in seeing different home styles and layouts, visiting Open Houses can be a very worthwhile exercise.
To plan an effective Open House tour, you should start with a map. Plot out the addresses of where the Open Houses are located, and the times of showings to ensure that you make the most productive use of your time. Better still, plan your Open House tour on www.coldwellbanker.ca, and we’ll make up the list of all Open Houses in your target area, including times and do the mapping for you!
If you don’t already know the neighbourhood, then that’s the first place to start. Look at your map, and see where major transportation links are located, as well as parks, schools, shopping and amenities. If everything you see on the map looks good, then start out with a driving tour of the neighbourhood itself, before you devote some time to viewing individual houses.
If you plan on visiting an Open House, and you’re already working with a real estate salesperson, be sure to notify them in advance. Your sales representative can be a very valuable source of information about the neighborhood, and may possibly even be familiar with the individual property. Also, depending on the rules of your local real estate board, visiting an Open House without your agent present may result in conferring certain rights on the salesperson who is showing the property. If you discuss this with your salesperson before your visit, you’re ensured of having the right person to look after your interests when it’s time to make an offer. Of course, if you aren’t yet working with a sales representative, Open Houses can provide a great opportunity to not only look for the right house, but the right salesperson. What better way to see them in action, and find out quickly if you communicate on the same wavelength.
As you tour an Open House, try to see past the furnishings, and any personal clutter, and focus on whether the space and layout works for your needs. Don’t assume that what you see is what you get! Many things you see at the viewing, such as window treatments, light fixtures, appliances and even that hot tub on the back deck may not be included in the list price. Check details on the feature sheet and verify what’s included with the agent hosting the Open House.
When touring an Open House, be direct and ask questions. Remember, this is no time to be diplomatic. The real estate professional showing the home realizes that it may not be right for everyone. By keeping your comments open and direct, you help the sales representative to better understand your needs, and offer solutions to meet them.
I am the GUY that will make a difference!
I specialize in selling homes in the in the Okanagan Valley including Westbank, West Kelowna, Peachland with a focus on Rose Valley, Lakeview Heights, West Kelowna Estates and Shannon Lake.
Karen Guy, REALTOR®
Coldwell Banker Horizon Realty
C 250.878.3605 O 250.768.8001