The 1-2-5-10 warranty in British Columbia is a comprehensive home warranty insurance program designed to provide protection for homeowners of new homes. It covers a wide range of defects that may arise from poor construction practices, materials, or other issues. The program ensures that homeowners are not left financially vulnerable to serious defects that may…
Read article
Freehold (Fee Simple): The most common form of property ownership. The owner has complete control over the land and any buildings on it. Freehold ownership means you own both the property and the land beneath it, without any time limit. Full control over the land and any structures. Owner is responsible for all maintenance and…
Read article
Winter can offer several unique advantages for buyers in the real estate market. Here’s a more detailed look at why it might be the right time for you to buy: Less Competition: With fewer buyers actively searching for homes during the winter months, you’re likely to face less competition. This can be especially helpful in…
Read article
When viewing a property, it’s essential to conduct a thorough assessment. Here’s a consolidated list of tips to keep in mind: Square Footage: Confirm the listed square footage matches your needs and expectations. Recent Sales in the Area: Check the sale prices of nearby homes to gauge market value. Utility Costs: Inquire about average utility…
Read article
How much should you have on closing date for Property Tax Transfer?
Read article
Is it a good idea to pull your RRSP to purchase your first home?
Read article
Home Buyer Rescission Period in British Columbia Duration: The rescission period is 3 business days, not calendar days. This means it excludes weekends and statutory holidays. The period begins the day after the buyer signs the purchase agreement and typically ends at 11:59 PM on the third business day. Cost: If a buyer chooses to…
Read article
Contract of Purchase and Sale Guide When you are prepared to make an offer on a property, you will use a Contract of Purchase and Sale. Your real estate agent will assist you in completing this document. Here is a breakdown of the key elements: Identification: You will need to provide your Driver’s License as…
Read article
