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Tips for Buying Real Estate from the Royal LePage Buyer's Guide
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Glossary of terms
To make it easier to understand the process of buying a home, we've put together of list of common mortgage and home-buying terms... Check out the real estate glossary here
The Importance of Good Credit
There are a number of steps to getting mortgage financing. A particularly important step and one many people don't give much thought to - is the credit check. As a routine part of the application process the lender will order a copy of your credit history... more
Determine what you can afford
Purchasing a home involves one-time costs and monthly expenses. In addition to the actual purchase price, there are a number of other expenses that you might be expected to pay for... more
Obtain a pre-approved mortgage
Having a pre-approved mortgage will give you the confidence of knowing exactly what you can spend on a home before you start looking. You will also be protected against interest rate increases while you look for your new home... more
Housing options available to empty nesters and retirees
The kids have grown. Pension is just around the corner. The home that you've lived in and loved is just too big for the two of you. Your friends have downsized to smaller homes and retirement communities. The advantages are obvious they say - smaller homes translate into lower costs and less maintenance. Retirement communities ensure like-minded neighbours. The lifestyle decision is yours... more
Choosing a neighbourhood
It is important that the neighbourhood you choose to live in is well suited to you and your family. The following is a list of considerations and possible problem areas... more
Understanding market conditions
The real estate market is always changing. It helps to understand how market conditions can affect your position as a buyer... more
How to make an offer
When it comes time to make an offer, your Royal LePage Real Estate Professional can provide current market information and will assist you in drafting your offer... more
The major elements of an offer
Price, deposit, terms, conditions... more
Have the home inspected
Buying a home is one of the most important investment decisions you will make in your lifetime. As such, it makes sound financial sense to enlist the services of a qualified home inspection company to ensure your home is as solid and secure on the inside as it is on the outside... more
Title insurance explained
Title insurance is growing in popularity in Canada. But what is it exactly? Should you get it? Do you need it? This article will provide you with some background information about title insurance to help you make an informed decision... more
Land Transfer Tax
Purchasers in most large Canadian centres can add Land Transfer Taxes to their list of closing costs. These taxes, levied on properties that are changing hands, are the responsibility of the purchaser... more
Closing the deal
Closing day is the day you become the official owner of your home. However, the closing process usually takes a few days... more |
Services for Home Buyers
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| | Congratulations! You have decided to purchase a home, or are thinking about buying one. You'll be joining the ranks of hundreds of families who realize that home ownership offers a number of benefits including building equity, saving for the future, and creating an environment for your family. When you own your own home, your hard-earned dollars contribute to your mortgage. The equity you earn is yours. Over time, your home will increase in value. In the following reports, you'll find the information you need to make a wise buying decision. We'll take you through the planning process step-by-step , to help you determine which home is right for you. You'll find a host of informative articles on mortgages, viewing homes, the offer, closing details and moving. Please contact me if you have any questions about buying a home in the Columbia Valley or elsewhere in British Columbia. |
Below, select desired reports and complete the form provided.
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Understanding Your Credit Score
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| Driven by the financial industries desire for an equitable method of comparing the credit worthiness of borrowers, Fair Isaac & Co developed a credit measurement tool in the 1950’s called the FICO® score ... More |
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