The Pros & Cons to Purchasing a Home with your Parents or Siblings
Posted on May 21, 2024 in Buyers Info & Facts
Buying a home is a significant milestone, and for many, it can be a daunting financial challenge. One strategy to ease this burden is purchasing a property with parents or siblings. While this approach has its advantages, it also comes with potential drawbacks. Here, we explore the pros and cons to help you make an informed decision.
Pros of Purchas...
The Facts on the NAR® Settlement and changes for future realtors
Posted on May 14, 2024 in In the News
The real estate landscape has been abuzz with discussions surrounding commissions, particularly since the National Association of REALTORS® (NAR) announced a settlement agreement aimed at addressing litigation concerning broker commissions on behalf of home sellers. Amidst this backdrop, brokers, agents, and consumers alike are grappling with uncer...
The Process for Estate Sales in BC
Posted on May 01, 2024 in Estate Sales and Probate
Estate sales in British Columbia generally involve the sale of a deceased person's property, usually handled by the estate executor named in the will or appointed by the court if no will exists. The process can vary depending on whether the deceased left a will and the type of assets involved, but generally follows several key steps:
1. Obtaining Pr...
Is it Worth Buying a Fixer Upper?
Posted on May 01, 2024 in Investment Property
Buying a fixer-upper in British Columbia can be a rewarding investment, but it also comes with its set of challenges. Here are some considerations to help you decide if it's worth it for you, along with sources for more detailed information:
Pros of Buying a Fixer-Upper:
- Lower Purchase Price: Fixer-uppers often come at a lower price compared to move...
20 Most Frequently Asked Questions for First Time Home Buyers
Posted on May 01, 2024 in First Time Home Buyers
1. What is the first step in buying a home in BC?
Get pre-approved for a mortgage to understand your budget and the loan amount you might receive.
2. Are there any programs for first-time home buyers in BC?
Yes, BC offers the First Time Home...
Why Should Buyers Read a Strata's Depreciation Report Before Buying
Posted on May 01, 2024 in Strata Facts and Information
- Financial Planning: Strata depreciation reports provide insights into the anticipated future maintenance and repair costs of common property components. By reviewing these reports, buyers can assess the financial health of the strata c...