Faye Erbe | 778-883-2984

 

Starting the home buying process can often feel overwhelming.  With numerous home options, getting financing, and dealing with the inevitable home inspections there are a good number of items that need to be crossed off your list before you can open the doors to your new “home”.

By the time you have focused your search on a particular city, such as Point Grey, there are key items you can cross off your list to make the process easy, saving you time and money.  We invite you to consider the following to make your search for real estate in Vancouver an experience that you will enjoy repeating when you want that larger home.

  1. Identify a Subdivision – Vancouver has many all kinds of housing options to offer.  From bustling downtown, to serene living in Point Grey. To save yourself valuable time, identify a area that has the best possible homes for your goals.  Through searching on the internet, asking friends, and even asking the advice of your agent you can find an area that will have homes matching your budget and living needs.

  2. Specific Requirements – Write down your goals beyond just “bedrooms and bathrooms”.  When I meet with buyers, I ask nearly 40 different questions about what type of property they are looking for.  Even before you meet with an agent consider writing down your needs/goals that include everything from size of backyard, number of car garage to even the type of architecture.  The most specific your requirements the fewer homes you will have to look at.  After all, who wants to visit 10 properties that don’t meet their goals?

  3. Loan Programs – Even with the most recent loan changes there are still a number of different loans available.  There are still programs that offer lower down payment requirements (like 3-5%) and even some that provide buyer assistance.  Consider doing online research about what is available even before meeting with a lender.

Find your Point Grey Home or a home in greater Vancouver can be easier when you identify a subdivision, have a list of requirements, and look for loan programs that are best for you.  Get the list of Vancouver homes and more today when you request our innovative hot list.

Post CommentComments: 0Read Full Story
OK, so you’ve made the huge decision to buy your first home. And how very LUCKY you are that you are going to own and live in beautiful Point Grey! You have driven around the neighbourhoods, spoken with your friends, and searched the Internet. We want to show you your amazing home in Point Grey. Our Hot List makes it simple by showing you detailed information about your purchase.
 
We’ll also provide for you the preliminary information that you need to know before buying.

Some stunning homes and beach condosare available at any given time. Centrally located, you’re only minutes away from the beach, shopping and dining. What are you waiting for? Take the leap of faith and become the homeowner you KNEW you were meant to be.

 
You just may be eligible to qualify for an exemption from property tax. You pay property transfer tax each time you register a property at the Land Title office.

 

The First Time Buyer’s Program- If you are purchasing your first home you may qualify for an exemption from property transfer tax if certain requirements are met.

 
Purchaser
You qualify for the exemption if:

You are a Canadian Citizen, or a permanent resident as determined by Immigration Canada,

You have lived in British Columbia for 12 consecutive months immediately before the date

You register the property, or you have filed 2 income tax returns as a British Columbia
resident during the 6 years before the date you register the property,

You have never owned an interest in a principal residence anywhere in the world at anytime,

You have never received a first time home buyers’ exemption or refund.

Property

The property you purchase qualifies if:

The fair market value of the property is not more than the current threshold of $425,000,

The land is 0.5 hectares (1.24 acres) or smaller, and

The property will only be used as your principal residence.

If the property does not meet all of these requirements, you may still qualify for a partial
exemption.

I found the link at: http://www.sbr.gov.bc.ca/documents_library/bulletins/PTT_004.pdf

 

Be sure to check it out when buying your first Point Grey Home! Here we want to make your real estate experience one that you can tell all your friends about. We stay in business because of who we help not how many we help. 

Post CommentComments: 0Read Full Story