Category: First Time Home Buyers

I heard a wonderful story from a client this week who had decided to propose to his girlfriend after he carried her "over the threshold" in to the new home they had just bought together in Kelowna The client asked me "When we get married, do we have to file that change with the Land Title Office" Steps to Name Cha...

Continue Reading

Unfortunately, and often due to a series of unfortunate events, some owners find themselves unable to afford their home and in some cases being forced to sell at a loss There are a number of different ways for this to occur: A Short Sale with Seller Bringing in Cash to Complete This type of transaction occurs w...

Continue Reading

When the province announced the new First Time New Home Buyers Rebate associated with the HST rebates, they tightened the definition of "First Time Home Buyer" (see my post here for more information on the rebates) This tighter definition indicates that the government is looking more closely at (ie; auditing) who is a ...

Continue Reading

I must admit, I love watching the HGTV show "Property Virgins", and seeing the excitement of first time home buyers fulfil their dreams of home ownership is one of the best things about my job In British Columbia, real estate prices (compared with much of Canada) are high relative to average income, which increa...

Continue Reading

(based on real life events)At the end of August 2010, Dave and Jane were buying their first home Nervous about finding the “right” home for themselves and their two kids they look at property after property Finally, at the beginning of August 2010, the house at 3245 McLeod Road came up for $375,000 It was the right...

Continue Reading

The roller coaster real estate market has brought with it many "non-traditional" deals for Realtors Foreclosures have become more common (about 6% of LISTED properties in the OMREB, and much less common than in the United States) many Realtors have asked questions on how to sell these distressed properties The first...

Continue Reading
By Peter Borszcz / Buyers, First Time Home Buyers /

Common Home Buyer QuestionsBy: Peter Borszcz 1 Will this contract force me to buy this homeA contract is a legally enforceable promise Therefore, you are obliged to carry out its terms if the contract is firm and binding However, a contract can be “subject to” the performance of other terms (for example, obtain...

Continue Reading

The home inspection industry in British Columbia has grown rapidly in the last 15 years, from fringe service, to mainstream acceptance What is seldom explained to Buyers is that there a limits to what a home inspection can doMost home inspectors are "problem spotters" not "problem solvers or quantifiers" Usually a home...

Continue Reading
By Peter Borszcz / Buyers, First Time Home Buyers, Strata /

Most people think of condos when they think of strata property, however in British Columbia, strata property can include detached and semi-detached homes, apartments, and even bare land The Strata Property Act imposes rules on the home owner which regulates the home owners use of the lands The rules can include pet res...

Continue Reading