Found 4 blog entries tagged as property.

Who Should Come to a Home Inspection?

It is generally a good idea for the buyer to attend the home inspection. It is a great opportunity for the buyer to get a better understanding of the property and to identify any potential issues that may need to be addressed. In B.C., it's generally a buyer-beware scenario when buying a property. 

If the buyer is unable to attend the inspection, it is still important for them to have a representative present, such as a real estate agent or a trusted friend or family member. It is important for someone to be present at the inspection to ask questions and take notes on the condition of the home. 

It is also a good idea for the seller's agent to attend the inspection so that they can be aware of any issues that…

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Do I Need a Survey?

In British Columbia, the need for a survey depends on the specific circumstances of your property. In general, a survey may be necessary or useful for things like buying or selling a home, making changes to your property, or resolving boundary disputes.

If you are buying or selling a home in British Columbia, a survey is not typically required as part of the process. However, it is still a good idea to have a survey done, as it can help you understand the boundaries of your property and any potential issues with the property. You may also want to consider getting a survey if you are taking out a mortgage, as many lenders will require a survey as part of the loan process.

If you are planning to make major changes to your…

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What Does "Highest and Best" Mean?

home appraisal

"Highest and best" refers to the most valuable use or potential use of a piece of real estate. It is often used in the context of an appraisal or assessment of a property's value. In determining the highest and best use of a property, appraisers consider factors such as the property's location, zoning regulations, and the demand for similar properties in the area.

For example, if a property is located in a commercially zoned area with high foot traffic and there is a demand for retail space in the area, the highest and best use of the property might be to develop it into a retail space. On the other hand, if the property is located in a residential area and there is a shortage of single-family homes in the…

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First Time Home Buyer in Vancouver?

As a first-time home buyer in Vancouver BC, you may be feeling overwhelmed with the process of purchasing your first home. The housing market in Vancouver is competitive, and it can be challenging to navigate as a newcomer. However, with some research and preparation, you can find your dream home and make the process a bit smoother. Here are some tips to help you along the way:

1.

Start saving for a down payment as early as possible. In Vancouver, the minimum down payment for a home is 5% of the purchase price, but it is recommended to save at least 20% to avoid paying for mortgage default insurance.

2.

Research the different neighbourhoods in Vancouver and consider what factors are most important to you…

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