Vantage honours its pledge
Sponsored Content - Jun 24, 2022 - Think Local

Photo: Contributed

Vantage West Realty had to put its money where its mouth is as the Kelowna housing market cooled somewhat over the last couple months.

The leading Kelowna real estate agency has offered the Guaranteed Home Sale Program for more than a decade. Under the program’s rules, Vantage West guarantees that your home in Kelowna will sell for at least fair market value in an agreed-upon time frame—or it will buy your home.

Well, the market has recently “shifted,” as Vantage West founder AJ Hazzi puts it, and as a result he has been busy writing cheques to the tune of $4.7 million for five homes. He bought a home in Peachland for $1.45 million, one on Mount Royal for $1.05 million and two Rutland properties for $1.85 million after the seller’s decided to go with the company’s instant cash offer option.

“We came up with these programs to offer assurances to our clients that their homes were as good as sold,” Hazzi says. “Obviously the goal is to sell them first, but at the end of the day I’m just glad we are able to offer our clients alternative solutions as we enter a new phase of the Kelowna real estate market.

“For the past two years it’s been crickets on our instant offer program. People far preferred the traditional ‘list it and enjoy the feeding frenzy.’ That seems to have shifted in the past couple weeks.”

The benchmark price of a single-family home in the Central Okanagan fell in May, marking just the second time in the last 21 months that the cost has dropped. The Central Okanagan composite benchmark price was $880,000, which was down 1.6% from April’s mark of $909,600.

The Guaranteed Home Sale Program is a life-saver for people who are trying to buy a new home with the profit they receive from their current one. If nothing else, it highly motivates the Vantage West team to get your home sold quickly. If not, Hazzi is there with his chequebook to allow you to move on in the process towards your new abode.

And if you enter into Guaranteed Home Sale Program but your house sells for above the agreed-upon price before time expires, you get the higher price—not Vantage West.

Learn more about the Guaranteed Home Sale Program here.

Image: Contributed

This article is written by or on behalf of the sponsoring client and does not necessarily reflect the views of Okanagan Edge.


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