Buyer & Seller Resources

Everything You Need To Know

The Pros & Cons to Purchasing a Home with your Parents or Siblings

Posted on May 21, 2024

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...

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The Facts on the NAR® Settlement and changes for future realtors

Posted on May 14, 2024

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...

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What Happens During a Home Foreclosure in BC

Posted on May 01, 2024 in Foreclosures

Foreclosures in British Columbia are a legal process where a lender (most often a bank) takes control of a property due to the homeowner failing to meet their mortgage obligations. The process is designed to allow the lender to recover the unpaid balance of a defaulted loan. Here’s a detailed look at how the foreclosure process typically unfolds in...

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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...

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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:

  1. Lower Purchase Price: Fixer-uppers often come at a lower price compared to move...

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20 Most Frequently Asked Questions for First Time Home Buyers

Posted on May 01, 2024 in First Time Home Buyers

Here are 20 frequently asked questions by first-time home buyers in British Columbia, along with their answers:

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...

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