Buyer Information
Are you thinking about buying real estate in the Cowichan Valley?
Buying a home is an exciting time in one’s life. Making the smart move of choosing a Real Estate Professional is your first step to ensuring that your new home and community meet your needs. My services and experience range from guiding you to financial options, to help you find the home that best suits you and your family. For your convenience, we also offer hot new listings as soon as they hit the market based on your search criteria. I pride myself on repeat business and hope you’ll come to understand why.
The Cowichan Valley includes these communities from Mill Bay, Cobble Hill, Shawnigan Lake, Cowichan Bay, Duncan, Crofton, Cowichan Lake, Chemainus, and Ladysmith.
Here is how I can help you buy a home here.
As your agent, I will:
- Assure that you see all properties in the area that meet your criteria.
- Guide you through the entire home buying process.
- Explain financing alternatives and direct you to the best possible financing sources.
- Liaise with lenders so you're sure the appropriate information is available to lenders.
- Make sure you don’t pay too much for your new home to help you avoid costly mistakes.
- Explain and write your offer to purchase and act as a mediator between you and the seller.
- Let you know about and estimate all costs of purchase before you make a commitment.
- Keep you up to date with the progress of your transaction through to closing.
- Assist you with all the particulars of moving into your new home.
Before You Start Looking For Your New Home:
- I would advise speaking with a mortgage broker to have your credit rating reviewed & straighten out any errors if necessary.
- Determine a comfortable monthly budget for your new purchase, including down payment and monthly payment.
- Find a financing program that meets your needs and get pre-qualified.
- Choose a Real Estate Professional that you trust and who understands your needs.
- Determine what neighbourhood best matches your needs.
- Identify important features you need your new home to have.
Closing Costs to Expect:
- Lawyer or Notary Fees and Expenses: searching title, investigating the title, drafting documents, land title registration fees.
- Survey Certificate (if required) or Title Insurance.
- Costs of Mortgage, including mortgage company’s Lawyer/Notary, appraisal (if applicable).
- Home Insurance Premium.
- British Columbia Property Transfer Tax: 1% on amounts including and up to $200,000 and 2% on the amount exceeding $200,000.
- GST (Goods & Sales Tax): charged on the purchase of new homes or extensively renovated homes.
- Mortgage loan insurance Canadian Mortgage and Home Corporation (CMHC) Mortgage Loan Insurance
Helpful Links:
How to buy a house tips and tricks
New Housing Rebate: information for new construction.
Homeowner Protection Office: There you can search the new home registry.
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