Episode 85: Matt and Taylor are joined by Derek Funk, B.A. CRA, P. App.. Derek is the Managing Partner at Lawrenson Walker Appraisers Okanagan from Kelowna, BC, with a background in real estate sales as well as construction. Founded in 1992, Lawrenson Walker Appraisers are leaders in the field of residential real estate appraisal and consulting, and currently serve locations in Alberta and BC.
Derek is here to discuss:
→ Bringing Lawrenson Walker to the Okanagan and becoming local experts, the benefits of an appraiser being approved by many lenders, and navigating tight timelines with clear communication and customer service.
→ Transparency, or lack thereof, in appraisal fee structures, appraisals vs assessments, and GST on new builds.
→ The best and worst things you can do that impact your house value, the cost-hinderance of new builds, adding value with suites, and the current difference in a pre-sale vs a finished developments value.
→ Current issues with legal files & up-zoning, the effects of the STR legislation, and what's in store for the 2025 market.
Lawrenson Walker Appraisers Website: https://www.lawrensonwalker.com
Lawrenson Walker Appraisers Instagram: https://www.instagram.com/lawrensonwalkerappraisers
Lawrenson Walker Apprasiers Okanagan LinkedIn: https://www.linkedin.com/company/lawrenson-walker-appraisers-okanagan/
Derek Funk's Email: derek@lawrensonwalker.com
Derek Funk's LinkedIn: https://www.linkedin.com/in/derek-funk-bb27551b3/?originalSubdomain=ca
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CHAPTERS
0:00 Intro
5:54 Today's Guest: Derek Funk
7:10 Clear Communication & Tight Timelines
8:49 Local Experts: About Lawrenson Walker
10:31 Benefit of Approval From Many Lenders
11:58 Transparency in Appraisal Fee Structure
14:08 Issues with Legal Files & Up-Zoning
16:12 Cost Hinderance of New Builds
18:51 The 2025 Market
20:45 Appraisals vs Assessments
22:53 House Value: Best & Worst Things You Can Do
25:05 Adding Value With Suites
28:33 GST on New Builds
30:06 Pre-Sale vs Finished Development Value
30:57 The Effects of STR Legislation
31:54 Opportunities in the Kelowna Market
35:04 Wrap-Up Questions
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OUR SPONSOR
The Kelowna Real Estate Podcast is brought to you by Century 21 Assurance Realty, the gold standard in real estate. To learn more, visit: https://www.c21kelowna.ca
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CONNECT WITH THE SHOW
Kelowna Real Estate Podcast: https://wavve.link/kelownarealestate
Kelowna Real Estate Podcast YouTube: https://www.youtube.com/@KelownaRealEstatePodcast
Kelowna Real Estate Podcast Instagram: https://www.instagram.com/kelownarealestatepodcast/
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CONNECT WITH MATT
Matt Glen's Website: https://www.mattglen.ca
Matt Glen's Email: matt.glen@century21.ca
Matt Glen's Instagram: https://www.instagram.com/mattglenrealestate/
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CONNECT WITH TAYLOR
Taylor Atkinson's Website: https://www.venturemortgages.com
Taylor Atkinson's Email: taylor@venturemortgages.com
Taylor Atkinson's Instagram: https://www.instagram.com/venturemortgages/
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