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KW: How did you get into real estate?
JK: I’ve spent most of my life engaging with the community through leadership, volunteerism, and sports. While attending the University of San Diego on a volleyball scholarship, I developed an interest in real estate and obtained my license after playing professional volleyball overseas. I’m passionate about bridging the gap between financial literacy and real estate, particularly to help marginalized communities build generational wealth. My goal is to empower and inspire others while normalizing financial conversations at the dinner table.
KW: What are 3 tips you’d give new buyers looking to get into the market?
JK: First, it’s very important to know your credit score and understand how it’s calculated. In order to get access to the best lenders and the best rates, you want to have a credit score of 680+.You do not need 20% down to purchase a property, you can put as low as 5% down. For example, a $500,000 house would require a $25,000 down payment. Lastly, if you plan on purchasing a condo, make sure that you have your lawyer take a look at a document known as a Status Certificate which outlines the condo’s: monthly maintenance payments, savings, renovation plans, potential lawsuits and other important information
KW: How has the market changed this season?
JK: Buyer demand is coming back! The Bank of Canada has decreased interest rates 3 consecutive times and has signaled that it will continue decreases for the foreseeable future – this news has encouraged many buyers to get into the market. We are starting to see a bit of a shift as homes that haven’t sold for months are now selling and many homes are starting to sell in multiple offer scenarios. The next few months will be interesting!
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