December 2018

MORTGAGES 101

Posted on Dec 06, 2018 in Vancouver First Time Home Buyers

Congratulations, your taking the step as a first time home buyer to ‘get on the property ladder’ as your parents have probably said to you multiple times! It’s exciting, the thought of owning your own home, forgetting about paying rent (essentially someone else’s mortgage) and having something of your own, maybe you’re even about to start a family...

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CONTRACTS 101

Posted on Dec 06, 2018 in Vancouver First Time Home Buyers

OK don’t panic here. This word can freak people out, make peoples back sweat and second guess themselves. All a contract is, is just an agreement between two people. In this case the buyer (you) and the seller (we’ll call her Grace.)
That’s literally it!

So Why Do I Sign A Contract:

When you buy your home, there are a variety of NORMAL elements you ne...

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LAWYERS, INSPECTORS, MORTGAGE BROKERS AND SPECIALISTS

Posted on Dec 06, 2018 in Vancouver First Time Home Buyers

When it comes to purchasing your first, and any for that matter, home. You’ll need to assistance of a variety of professionals. Under the ‘Finding Your Home’ blog we discussed REALTORS. Here we’ll break down the differences, and why, you will need all of the above professionals in your real estate life.

Now it’s probably been a minute since you figu...

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OTHER HOME BUYING EXPENSES

Posted on Dec 06, 2018 in Vancouver First Time Home Buyers

Unfortunately the cost of the home is not the only fee involved in buying your home. There are other matters that need attending to as well, not all are applicable. These come in the form of Conveyancing (transferring the title of the land), Property Transfer Tax, Maintenance Fees, Insurance and more….

Property Transfer Tax (PTT)

Property Transfer Ta...

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DOWN PAYMENT 101

Posted on Dec 06, 2018 in Vancouver First Time Home Buyers

SHOW….ME…..THE….MONEY!

It’s down payment time! What does that exactly mean? How much should it be? What is a down payment? We’ll go over this, again, all in super simple form below!

A down payment is commonly referred to as a deposit. They are one in the same thing.

When you buy a home and your final subjects are removed (see here blog on contracts...

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FINDING YOUR HOME

Posted on Dec 06, 2018 in Vancouver First Time Home Buyers

This is probably THE most exciting part of the journey. But of course we’re going to say that, we’re REALTOR’s, so we are biased…..

Assuming you now have your deposit in place, you’ve taken our advice and spoken to the appropriate Mortgage provider and you’re pre-approved. Now we get to actually put in time to find your new home.
Great!..... So how d...

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