HELPING YOU GET TO YOUR DESTINATION ON TIME
Does everyone call you Frank but your mother named you Francis? Whichever name you go by in order to speed up the security and check-in process, the name on your identification (passport or drivers license) must match the name on your itinerary and ticket.
Speaking of id’s, if you are travelling and using your passport you need to ensure it is in good shape with no tears, watermarks or other damage.
Another important item for on- time performance, safety and overall experience is carry-on baggage. The volume of carry-on baggage and weight has gone up over time and it poses a challenge in storing bags onboard and is also potentially a safety issue as you settle into your seat. A good reminder is to bring identification, prescription medication, mobile devices, keys and jewellery in your carry-on baggage in the rare event your baggage is delayed or damaged.
When checking bags on Alaska Airlines, all checked luggage must be processed 60 minutes before the flight to avoid being rebooked on a later flight. If you don’t have checked luggage you must still check in at least 60 minutes prior (online or in person) and be available to board 30 minutes before the posted departure time.
Always check your airline’s website for travel instructions and advisories prior to your trip as information and status can be updated frequently.
The Okanagan Mainline Real Estate Board has reported that the number of properties in foreclosure is at an all-time high. Fueled by American made-for-TV programs that showcase houses selling at a fraction of market value, the local buyer may be misled into the pro’s and con’s of purchasing court ordered sale properties in British Columbia. While explaining every facet of a court-ordered sale can be complicated, a few key points to consider are noted below.
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There are no guarantees to the condition that the property may be left in. It is AS IS WHERE IS, likely with no Property Disclosure Statement. Should the property be in lesser condition than when viewed prior to the sale, the Buyer will have limited, if any, entitlement to compensation.
Once an offer has been accepted, a court date is set where any number of circumstances may present themselves including: a. Full acceptance of the offer OR b. Other parties may be given the chance to bid on the property at the court hearing, however, these bids must be “subject free”. If there are multiple interests in the property it may result in a sale over market value. That said, it is ideal to enter the courtroom knowing what you are comfortable paying for the property and sticking to it.
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The sale will always be subject to court approval. The court may rule in favor if the offer presented is: a. The best obtainable price for the property AND b. The value of the property is high enough to satisfy the costs of the sale and the claim of the petitioner.
As a REALTOR® it is my job to ensure you have all of the information you need to help guide you through this process. Foreclosures in British Columbia are quite different than that of which you see on TV. While there are good deals to be had it is important to ensure you have the right person on your side to keep you fully informed and up to date. In my experience, each property should be dealt with on a case by case basis and include a detailed review on the circumstances specific to the sale. If you are thinking of a real estate purchase in the Okanagan, or would like to learn more about current foreclosure opportunities contact me at
www.OKgrant.com
Grant Waidman
Phone 250-859-1747
e-mail:
grant@grantwaidman.com #212-1980 Cooper Road, Kelowna, BC
www.OKgrant.com SPRING 2012 | 27
- What You Need to Know
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