Found 4 blog entries tagged as buy.

Can I Buy a House from a Family Member?

Yes, you can buy a house from a family member. The process for buying a house from a family member is similar to the process for buying a house from a non-family member. You will need to negotiate the price and terms of the sale with the seller, and you may want to have a real estate agent or attorney help with the transaction.

Before buying a house from a family member, you should consider the following:

  • Financing: If you need a mortgage to buy the house, you will need to apply for a loan and meet the lender's requirements. You may also need to pay closing costs and other fees.

  • Appraisal: It is a good idea to get an independent appraisal of the property to ensure that you are paying a fair…

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Should You Rent or Buy?

It is ultimately up to you to decide whether buying or renting a house is a good idea for your personal situation. There are many factors to consider, such as the current state of the housing market, your financial situation, and your personal preferences. 

If you are able to afford a home and are ready to take on the responsibilities of homeownership, it may be a good idea to consider buying a house. However, it is important to thoroughly research the market and consult with real estate professionals to make an informed decision.

Owning your own home can provide many benefits, including:

  1. Stability and security: Owning a home can provide a sense of stability and security, as you will have a fixed place to live…

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Buying Your First Investment Property

If you're looking to buy your first investment property, there are a few steps you'll need to take. First, you'll need to save up for a down payment, which is typically 20% of the property's purchase price. Once you have the down payment, you'll need to get pre-approved for a mortgage from a lender. This will involve providing proof of your income, assets, and credit history to the lender.

Once you have your mortgage pre-approval, you can start looking for properties that fit your investment goals and budget. You'll want to consider factors such as the location, property type, and potential rental income when choosing a property.

When you find a property you're interested in, you'll need to make an offer and…

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What expenses and potential taxes do I need to pay if I’m buying a property?


There are a number of typical expenses and taxes that’ll be applicable to your real estate purchase in BC. You will have to prepare to pay for expenses such as lawyer or notary fee, mortgage financing fee if applicable, professional home inspector fee, appraiser fee if required, moving expense, strata building move-in fee if applicable, adjustment for annual property taxes and maintenance fees to the day of your completion (Buyer’s pro-rated %), and taxes such as the property transfer tax PTT and goods and services tax GST with varying amounts/calculation.

Eg

Lawyer fee $1,600

Mortgage financing (varies)

Home Inspection 

Home Appraisal

Moving company  

…

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