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Buying

 

Your Guide to Buying a Home

Buying is about many things. See for yourself.


Congratulations, you have taken the first steps towards home ownership. Buying a home can be a little overwhelming wether you are buying for the first time or the tenth time. To help, I have created a guide to explain the basic process of home buying. Don't worry, help is here, you are not expected to go it alone. Ask yourself the most important question, where do you want to live? Drive aroudn the different neighbourhoods and get a feel for the community. Consider transportation, schools, entertainment, shopping, and parks. Remember, it's all about location, location, location.

 
 

Mortgage and Financing

Find out how much you can comfortably afford and get pre-approved.


Know your financial situation. Have you been to the bank or spoken with a mortgage broker. How much can you borrow? It’s easier to shop when you know what your budget is. The last thing you want is to be is house poor.

Get familiar with the different types of homes available on the market. There are many different homes to fit many different budgets. If you require some assistance making contact with a bank or mortgage broker, just ask.

 
 

Search for a Home

So you have decided what you want. Get out there and find it.


Your neighbourhood has been selected, and you have ascertained what your ideal home looks like, it’s time to organize and schedule the home search. I will provide ongoing updates of new listings as they hit the market as well as network with other realtors to locate an ideal home. Search will include area tours, open houses and drive-bys. Search now by using our new google map MLS search. Just click on the link found on the home page or contact me and I will set it up for you.

 
 

The Deal

Getting the best price and handling all the stuff behind the scenes.


Once you have made a decision, it’s time to make an offer. Your interests will always be placed ahead of mine. Together, we will go over the comparables using a comparative market analysis (CMA) on homes similar to your selected property. This will help to determine a fair market value. The offer is then presented to the other party. Be prepared for the negotiation to go back and forth a few times before the offer is accepted. I will always work hand in hand with you, the buyer keeping you informed during the entire process. Once the Offer has been accepted, I will continue to advise and coordinate all vendor selections and services making for a worry free transaction.

 
 

Closing Costs

What you can expect for fees and taxes at time of closing.


Aside from the purchase price, please remember you do have closing costs to consider. You can expect some or, all of these expenses including, legal fees, property inspection, bank appraisal, site survey, moving expenses, tax adjustments, home insurance, GST for new, or largely renovated properties. The provincial government of British Columbia imposes a property purchase tax of 1% on the first $200,000 and 2% on the balance. First time buyers do have some exemptions, so please ask me. In depth information on the GST new housing rebate, and estimated costs for all of the above mentioned fees are available.

 
 

Celebration

What you have been waiting for, moving day!


I am always excited to hand keys over to a buyer; as much as it is the end of one process, it’s certainly the beginning of another! We will do a walk through and make sure the home has been turned over according to the clauses in the contract. Any issues will be resolved. My job may be done, but I am always around to answer questions and keep you updated on what is most likely your biggest investment, your home!