Buying RSS Feed

Helpful tips to help you find, analyze, and purchase real estate. Learn how to look at a home for deficiencies; what items will need repair and the cost. Discover how to prepare for financing a purchase and the variety of different types of lenders.

Found 4 blog entries about Buying.

House on Departure Bay beach in Nanaimo BC

  1.  Get your financing in place.
  2. Secure a temporary place to live after you've sold your existing home. You can't compete if you still have to sell your existing home.
  3. Realize that the selection is limited so other buyers are in competition with you.
  4. Agree to a working relationship with just one Realtor and have them commit to you.
  5. Have your deposit money easily accessible and ready to write a cheque.
  6. Familiarize yourself with the market and the area you're looking in so you feel comfortable making a quick decision. Don't let the asking price fool you; know the recent sales in the area
  7. Make sure your Realtor will show you properties as soon as they are listed.
  8. Make sure You are available to look at properties as soon as they're…
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460 Realty mask and sanitizer

This is what BCREA asks us to do in order to protect you and others.

Safer Showings During BC’s Second Wave Real estate professionals must continue to adapt to protect themselves, consumers and communities from COVID-19. Realtors must continue to manage risks of showings as infections rise the acceleration in the number of COVID-19 infections in British Columbia means we must all continue our efforts to slow the spread of the disease in accordance with public directives and the public health order from the Provincial Health Office. Both the British Columbia Real Estate Association and the Real Estate Council of British Columbia now strongly recommend against open houses and are replacing previous guidance on hosting safer open houses with this…
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Financing

Unless you have all of the money you need to complete the purchase of the home you have an accepted offer on; you will have made the contract of purchase and sale conditional on you being able to secure a mortgage loan.

Pre-Qualifying

When you apply for a mortgage loan, the lender will look at several factors before deciding if they’ll approve the loan; they look at you and the property in detail.

Canadian one hundred dollar bills

3 C’s

  1. Credit: They’ll do a credit check on you to see if you have a good history of paying your bills on time. Be careful not to default on cell phone bills while disputing charges; it’ll reflect poorly on your credit score. Before agreeing to offers for credit cards, remember that each application shows up on your credit bureau…
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Inspections

 One of the steps in the process of buying a home is the building inspection. You made it one of the conditions in your contract of purchase and sale. It generally costs between $375 to $425, but it’s money well spent to have trained eyes help investigate the condition of the home you’re about to buy.

Try to conduct the inspection a few days before the condition removal deadline date in case you need to re-negotiate on a deficient item.

Inspections of single-family homes, with one kitchen, take about four hours and condominium property takes about two and a half hours.

The difference between inspectors is membership and accreditation from the Association governing their licensing and education. Choosing an accredited inspector is…

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