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As the Kelowna Real Estate market heats up more homes are going into multiple offer situations The timelines and pressure can be overwhelming on the parties involvedA couple of legal points to remember:An offer must have all the essential terms of the deal (in real estate at least, PARTIES , PROPERTY, PRICE, ...

In the last six months, merely finding a home in Kelowna has become very difficult as more and more Buyers enter the area for jobs, lifestyle and retirement and once you have found your dream home what do you do nextDue your "Due Diligence"; call your real estate lawyer near me to review you title and work thro...

Home Buyers are understandably excited to move into their new home, however a couple key things need to happen before any #Kelowna #RealEstate transaction is “CLOSED”:LENDERS – all the banks conditions need to be satisfied This may be simple (ex signing a mortgage) or complex (ex confirming another home h...

If your real estate deal is:Closing before JUNE 1st… then the BUYER SHOULD PAY TAXES (SELLER is debited  prorata) Closing between JUNE 1st and JULY 2nd…  then call your Real Estate Lawyer and we will adjust, negotiate and discuss Closing after July 2nd… then the SELLER SHOULD PAY TAXES (Buyer is debi...

Did you know that you don’t “own” most of the beach The Province owns the land up to the “Present Natural Boundary” of Okanagan Lake (usually this is the high water mark) Therefore all docks, and the rights to use them are held “at the pleasure of the Crown” through grants of “SPECIFIC PERMISSION” Thi...

In a strata community (including condos, townhouse and bare land strata) home owners choose to be “all in it together” The common vision for the community is enforced by strata rules and bylaws Restrictions include:Pets – number and type of animals allowed Age – some properties are adult living only where s...

Both a Seller and a Realtor MUST disclose any material latent defects to the purchaser of a property  For Example, asbestos, oil tanks, urea formaldehyde, structural defects  Excepting these types of defects, a home is usually sold “As-Is”, meaning its buyer beware  Buyers are advised to do their own due diligen...

Two pieces of identification are required to sign real estate documents  All identification must be original, valid and signed  They need to be two primary pieces or one primary and one secondary Primary Secondary Driver’s License A second primary piec...

Although there are lots of situations where a Power of Attorney can be useful, some of the most common situations are:for families where spouses are working overseas/ out of town (including miliary duty)for adult caregivers of elderly persons needing to manage their everyday financial and property affairsfor real estat...

Real Property Reports are not done for a residential home purchase in BC; Property Transfer Tax is payable on most home transactions in BC (1% of the first 200k and 2% of the remainder); Principal residents get the Home Owner Grant to reduce municipal property taxes, but this only applies to principal residences (n...

Buying real estate can be a very exciting time, but can also be a very stressful experience  For most buyers, the purchase of property is one of the largest financial decisions they will make On top of the financial concerns, the emotional involvement can be overwhelming A qualified Realtor can help make this experien...

There are a lot of different fees and disbursements associated with the purchase of real estate  To help, we have created an easy to use Closing Cost CalculatorSimply input the numbers for your home purchase and the calculator will outline the estimated costs to complete your transactionContact us at 250-980-3...

No - First time home buyers are only eligible for an exemption from the tax if the first time buyer:has not owned an interest in a principle residence anywhere in the world is a Canadian citizen or permanent resident has continuously resided in BC for at least one year prior to purchasing or filed at least 2...

Why use Montgomery Miles & Stone Law Firm for your next Home PurchaseFair Price – get a quote for your purchase once we know the details of your transaction Amazing Service - we hold your hand every step of the way Legal Focus – Real Estate is one of our core practice areas, no matter what the econo...

In British Columbia, there are lots of fees associated with the purchase of real estate To assist our clients, we programmed a great new Closing Cost Calculatorhttps://mmslawfirmca/closing-cost-estimator/Simply input the figures for a home you are interested in and the calculator will give you an estimate of ho...