| Real
Estate, Campbell River, Total Concept, Vancouver Island, Residential properties,
Commercial Properties, Diane Rogers Realtor |
 |
|
Specialist
in Paradise! |
|
| |
|
Buying or Building:
|
 |
|
|
|
| |
If you are thinking of buying a home or knowing you are definitely going
to purchase property, an excellent tool to use is the automated listing
generator designed to meet your criteria. ‘dream
home finder’.
Also, in order for a professional realtor to quickly and fully understand
your needs and desires it helps if you complete the ‘Prospective
Buyer Application’. Diane can then assess properties and locations
that suit you.
There are no obligations or commitments with either of these tools; they
are here to help you.
Prospective
Buyer Application in PDF, please print and fill it out
Weekly
interest rate sheet:
Interest
Rates click here:
There Are Many Good Reasons To Buy Your Own Home
Financial Advantages
Buying
a home is wise decision because property is one of the best and most
secure investments available. Rarely, if ever, does Real Estate decrease
in value. Depending on the area in which you live, buying a home may boast
significant tax advantages over renting. Equity is another consideration.
The equity you build as your home appreciates in value will allow you
to borrow for expenses like a new car or college tuition. Your home's
equity is also the ideal down payment on the purchase of a second home
or an "escape property" or vacation residence.
Emotional
Advantages
Buying
a home also has several emotional advantages. The independence of ownership
means that you'll no longer have to worry about rent increases and the
demands of a landlord. Another advantage is a homeowner's power to personalize!
When you own your own home, you can paint and decorate as much as you
want. It's your place!
Once
you have made the exciting decision to buy a new home, careful research
is a must. The following checklist will help you get started and make
your search a little easier.
Determining a price range is the first step.calculator
centre
Now that a price range is established it is time to decide where you
want to live. Research the neighbourhood
thoroughly before making a commitment.
Contact a real estate office
and request a Realtor who specializes in new homes. Someone who is familiar
with the professional homebuilders in your area
Select a quality builder. Ensure that the builder belongs to a professional
association with a strict code of ethics. Ask for recommendations from
people who have recently built. Talk to at least three registered and
recommended builders before choosing one. Check out the quality of work
in the builder's previous homes and talk to the homeowners. Ask about
a follow-up system for any problems you may have after you have moved
in. Just remember, builders and developers are not Realtors
and are not bound by the Real Estate Act. This means
that an uninformed buyer may discover that the property they purchase
is nothing like the property they were sold. Furthermore, because their
builder is not covered by Errors and Omissions insurance, the unwary
buyer may find himself or herself solely burdened with fixing problems
left behind by the builder. Having an agent asking the right questions
on your behalf and working for your protection is the surest way to
ensure the timely and accurate fulfillment of your builders contract.
|
|
Considerations:
|
 |
|
|
|
- Is the home in
a safe neighbourhood where people want to move, buy homes, and raise
families?
- Is there access
to schools, transportation, and shopping?
- Is the area run-down,
filled with high crime, or noisy?
- Are people moving
away to better places to live?
- Look for an area
where homes sell quickly and easily. It's a good sign if houses stay
on the market for less than three months; if it takes six months or
more for homes to sell look elsewhere.
- Avoid neighbourhoods
with a large number of undeveloped lots, abandoned homes, poorly maintained
homes and yards, a large number of FOR SALE signs, or mixed zoning (commercial
and residential together).
Before you embark on your search for the perfect house, it is important
that you make a realistic "shopping list" in an attempt to
narrow your choices of properties. Hunting for a home can be a time
consuming process, especially if you have not determined in advance
the parameters of your search. Many home buyers make the mistake of
misinterpreting a WANT as
a NEED. As a
result, they often dismiss homes that perfectly fit their needs in search
for one that has their wants. This is not to say that you cannot have
what you desire in your home--just that you must be able to differentiate
between what you truly need and what you would like to have. Note, also,
that in the examples below, many WANTS
can be changed in a particular home (if the house doesn't have that
feature now, you can change it later).
|
|
Examples
of NEEDS
- Enough square
footage for comfortable living
- Enough bedrooms
to accommodate your family
- Adequate number
of bathrooms
- Eat-in kitchen
- Garage or basement
for storage needs
- Lot size to
accommodate children's play area
- Adaptation for
Handicapped
- Proximity to
a specific school
|
Examples
of WANTS
- Carpeting colour,
paint colour, exterior colour, roof colour, etc.
- Pool or Jacuzzi
(unless for medical reasons)
- Wood floors
- Bay windows
- Built-in entertainment
center
- Brass lighting
fixtures
- Skylights
- A pretty view
|
Take a few minutes to develop your own list of NEEDS
and WANTS. The
goal is to put the emphasis on finding a house that includes all of
your needs and as many of your wants as is practical--yet remains in
your budget. Once you have a clearer view of what your house will need
to have, the next step, actually looking for a home, will be a great
deal easier! Call Diane
Typical One-Time Expenses
Mortgage application and appraisal fee (paid at time of application)
Appraisal fee (paid at inspection)
Property inspection (optional) (paid at closing)
Legal fees (paid at closing)
Legal disbursements (paid at closing)
Deed and/or mortgage registration (paid at closing)
Property survey (sometimes provided by seller) (paid at closing)
Land Transfer, Deed Tax or Property Purchase Tax (in Quebec within3
months following signing) (paid at closing)
Mortgage interest adjustment and take over fee (if applicable) (paid
at closing)
Adjustments for fuel, taxes, etc. (paid at closing)
Mortgage insurance (and application fee if applicable) (paid at closing)
Home and property insurance (paid at closing and on-going)
Connection charges for utilities such as gas, water and electricity
(paid on date of move)
Moving expenses (paid on date of move)
|
New
Home Buyers, HST and Campbell River Stats: |
 |
|
|
|
|
| |