Our free market evaluation helps you to understand the current market and how to price your home to sell
We'll assist you every step of the way...
Buying a home or property for the first-time can seem complicated or overwhelming. We love to empower people in becoming homeowners, its a major milestone!
Here's the process in brief:
- Call or email us, and we'll discuss what's most important for you and your family.
- Together we'll determine the geographic areas to look in, price range, size of house/apartment/condo.
- Get yourself Pre-qualified for a Mortgage loan. We can recommend a trustworthy Mortgage expert to help you find a great rate and design a financially-sound plan for purchasing a home.
- We'll give you a report with all the active listings (Properties for sale) that fit your criteria.
- We'll arrange to tour you around to all the listings that look good to you.
- Make an offer - When you find something that you really like, we will help you to make an offer based on comparisons of sold prices in that area.
- Negotiation- We will be available around the clock to present the offer, address any counter-offers, and work with the seller's agent to get you the best price possible. You will need to sign off on the offer and any subsequent changes in offer/counter-offers. If the first offer doesn't go through, we'll do it all over again. It’s a house, and houses are a big deal, so we will support you to find the right one for the right price.
- Accepted Offer with subject clauses - at this point, both you (Buyer) and the Seller will have agreed to a price. You may put subject clauses on your offer to allow time (usually a week) to secure financing or conduct a home inspection. Until you are able to remove the subject clauses, you are not committed to purchasing the house yet.
- Home Inspection. This involves you (Buyer) finding a house inspector and having an inspection done so that there are no surprises after the house is sold. When the buyer sees the inspection report and feels confident, s/he can remove that subject.
- Financing - You will go to your chosen financial institution (Bank, Mortgage Broker, Credit Union) and have them confirm a loan for you for your chosen new home. Once the bank approves the mortgage for your new home, you can remove subject to financing clause.
- Once you’ve removed all the subject clauses, you are now committed to purchasing your new home. A deposit (usually 5-10% of purchase price) is due along with subject removal.
- Property Transfer Tax - 1% on the first $200,000 of the fair market value and 2% of the balance. You pay Property Transfer Tax when you purchase or acquire an interest in a property. You may be eligible for a Property Transfer Tax Exemption: http://www.sbr.gov.bc.ca/business/Property_Taxes/Property_Transfer_Tax/first_Time_home_buyer.htm
- Waiting for Completion Date (the date that you own the property) is the best time for furniture shopping.
- Let us know which lawyer you will be using to represent you in closing/registration of the property. We can recommend a trustworthy lawyer to help you.
- Close and transfer of Property. Congratulations on becoming a homeowner! Get ready to move in!