News

By Peter Borszcz / Uncategorized /

Effective Feb 17, 2016: Newly Build Home Exemption: housing up to $750,000 will be exempt from Property Transfer Tax Details: http://www2govbcca/gov/content/taxes/property-taxes/property-transfer-tax/understand/exemptions/newly-built-home-exemption New Tax on High Value Transfers: The Property Transfer...

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By Peter Borszcz / Uncategorized /

Shadow flipping or assigning a contract prior to completion has been brought under recent media scrutiny See: CBC or VANCOUVER SUN stories This generally refers to ASSIGNING a contract, which is a legal process whereby Purchaser #1 "sells" its contract to Purchaser #2 This is legal because, once subjects are re...

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WFN-Tesoro Arca- Townhomes for Toys Lease FAQ Tesoro Arca is a townhome community located around the corner from Two Eagles Golf Course on Cougar Road in West Kelowna What is the term Unless earlier terminated, the sublease expires September 29, 2106 Upon termination of the lease, your leasehold interest will...

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…with our user-friendly Closing Cost Calculator! There are many different fees and disbursements that go along with purchasing a new home in British Columbia  Our calculator makes it easy to find out how much your dream home is going to cost  Simply input the figures for your desired property and the calculator ...

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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 next Due your "Due Diligence"; call your real estate lawyer to review you title and work through the ...

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By Peter Borszcz / Uncategorized /

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...

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By Peter Borszcz / Uncategorized /

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...

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By Peter Borszcz / Uncategorized /

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...

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By Peter Borszcz / Uncategorized /

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...

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By Peter Borszcz / Uncategorized /

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 deb...

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