Here are eight of the best and smartest negotiation tips for buyers to get a better deal when buying a home in Canada:
1. Get Pre-Approved for a Mortgage
Why it’s smart: Having a pre-approval shows sellers that you’re a serious buyer with the financial means to close the deal. This can give you leverage in negotiations, especially if the seller is mo...
Viewing a property in Victoria, BC is a crucial step in the home-buying process. It allows you to assess the condition, value, and suitability of the property for your needs. However, it’s easy to get caught up in the excitement and overlook important details. Here are some essential things to look out for when viewing a property to ensure you make...
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.
The Property Transfer Tax (PTT) in British Columbia is a tax levied by the provincial government on real estate transactions. It is payable when a property changes hands, and the responsibility to pay this tax rests on the buyer. Here's an overview of how the PTT is structured and calculated:
In British Columbia, the Newly Built Home Exemption (NBHE) is part of the property transfer tax legislation, designed to make buying a new home more affordable. Here’s an overview of how this exemption works and its key benefits:
Key Features of the Newly Built Home Exemption
Eligibility:
The exemption is available to anyone (not just first-time homeb...
When buying a home in British Columbia, there are certain actions and decisions that buyers should avoid to ensure a smooth and successful transaction. Here are some important "don'ts" for homebuyers:
Don't Skip Pre-Approval: Avoid skipping the pre-approval process for a mortgage. Getting pre-approved helps you understand your budget, demonstrates y...