Real Estate Market Update
Posted on May 09, 2022 in Market Update
"Over the last two months, we’ve seen home sales ease down from the record-breaking pace of the last year. While still a small sample size, the return to a more traditional pace of home sales that we’ve experienced so far this spring provides hopeful home buyers more time to make decisions, secure financing and perform other due diligence such as h...
PROPERTY TAXES and What Are They?
Posted on Apr 20, 2022
When you own, lease or gain an interest in a property (e.g. land, home, etc.) located in B.C. you must pay property taxes. Below, we have some information on taxes to consider when purchasing a property.
1.PROPERTY TRANSFER TAX (PTT)
This tax is mandated by the PROVINCIAL GOVERNMENT, & is calculated as follows on the Purchase Price of the home:
1% on...
HAPPY ST. PATRICK'S DAY!
Posted on Mar 17, 2022
THE LEGEND OF THE BLARNEY STONE
Each country has it's own legends. A legend is a story about the past. There is a very famous legend in Ireland about a magical stone. This is called, the Blarney Stone. You can find the Blarney Stone in the wall of the Blarney Castle in Ireland. According to the legend, an old woman was drowning in a river and a King...Hire the Right Agent, For the Right Reasons: 8 Questions to Ask
Posted on Mar 13, 2022
Finding a real estate agent who is right for you requires doing a little homework, and asking the right questions. Choosing an agent is a decision that could ultimately cost or save you thousands of dollars. Keep in mind the individual you choose will be handling almost every maneuver in the biggest financial investment of your life. Experience, in...
Budgeting for Closing Costs
Posted on Jan 05, 2022 in Buying Tips
Don't forget about closing costs! When buying a home, be sure to plan ahead when saving for that down payment and closing costs. Closing fees include things like including legal fees, Realtor fees, moving costs, disbursement fees, and utility fees. They are typically paid on the day your purchase closes.
Other costs you will come across when purchas...
Are you Ready To Buy? Here Are Some Tips.
Posted on Nov 10, 2021 in Buying Tips
Be realistic about your situation and understand what you can afford. You should have your down payment and you should be good at managing debt.
The cost of buying a home = one-time costs (down payment, legal fees, inspection fees and taxes) + monthly costs (mortgage, utilities, maintenance, insurance and property taxes).
Getting a mortgage
Negotiate...
