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Privacy and Consent Document for Real Estate in BC – Collection, Use & Disclosure of Personal Information

The Privacy and Consent Document for real estate in BC was introduced as part of the June 2018 changes to the the Real Estate Services Act. This document replaces sections of the Working with a Realtor used previously by the BC real estate industry. We take Your Privacy and Consent Seriously  I take my own…

Disclosure of Representation in Trading Services (DORTS) for Realtors in BC

 The Disclosure of Representation in Trading Services is a new document as part of the June 15, 2018, changes to the Real Estate Services Act in British Columbia and a partial replacement of the previous Working with a Realtor form. The basic idea behind Disclosure of Representation in Trading Services (DORTS) is to inform…

Real Estate Debate! Presale Condos Versus Resale Properties in Vancouver

 Purchasing a property is a huge decision, whether it be for the home of your dreams, or as an investment, it’s important to be aware of your options as the real estate market and financing options are constantly changing. A presale property is when a buyer purchases a property before it is built or…

Godzilla & Buying a Presale Condo in Vancouver – 3 Things You Need To Know!

 Godzilla & Buying a Presale or New Condo or Property in Vancouver?! How does Godzilla relate to buying a presale condo in Vancouver? Let’s find out! Buying a new or off plan property in Vancouver is highly regulated by the Provincial Government with some legislation called the Real Estate & Development  Marketing Act (REDMA).…

How to Buy a Presale Condo in Vancouver!

How to Purchase a Pre Sale Condo in Vancouver, BC, Canada Buying pre-construction condos have become a very popular option for many homeowners and investors in Vancouver. (If you’re not sure what a Presale Condo is, check out this great Video Here!) Many buyers think that buying a presale is as simple lining up in…

Leaky Condos, Rainscreening, and Buying an Older Condo in Vancouver

There are very few expensive risks in the real estate market here in Vancouver. Buying into a building with a bad envelope or leaky condo is one of those few extremely expensive risks here in Vancouver. Why there are Leaky Condos in Vancouver Here in Canada, the federal government changed the building codes in the…

BC Property Transfer Tax (PTT) First Time Buyers Exemption Limit Raised to $475K from $425K

Government Reduces Tax burden on first-time buyers First-time home buyers received welcome news in today’s provincial budget. Any REALTORS® currently working with first-time buyers will want to share this news with them as soon as possible. The government has announced, effective February 19, 2014, under the Property Transfer Tax (PTT) First-Time Home Buyers’ Exemption program,…

What is a Home Inspection in the Vancouver Real Estate Market?

Real Estate Home Inspections in the Vancouver Explained! There is a lot of confusion surrounding a home inspection in Vancouver, particularly among first time home buyers. Common questions include: What is a Home Inspection? What’s included? Is a home inspection for the benefit of the buyer? For the seller? For the bank/lender? Will the seller…

How to Buy Vancouver Condo Presales #4 | Disadvantages & Risks

 The Disadvantages and Risks of Buying a Pre-Construction Condo in Vancouver In Episode 2 of How to Buy Vancouver Condo Presales, we talked about the advantages of condo presales for Owner/Occupiers. In Episode 1 we discussed the advantages of pre-construction condos for investors in Vancouver. Today we’re going to discuss the disadvantages of pre-construction…

What is an Appraisal? Vancouver Real Estate Terms

 Real Estate Appraisals – A Vancouver Real Estate Definition A real estate appraisal is a concept that is commonly misunderstood Buyers in the Vancouver Real Estate Market. With this in mind, I brought in a mortgage expert, Chad Watts of the Mortgage Group to talk to us about Real Estate Appraisals. What is a…

BC’s 2012 Budget – First Time Home Buyers Relief and Increased HST Rebate for New Homes & Others!

New Relief for First Time Home Buyers and Increased HST Rebate for New Homes & Others! I recently had the pleasure of interviewing Sean Akeroyd of Akeroyd Leung in Vancouver about some changes to the HST in the 2012 BC Budget and here’s what’s new: First-Time New Home Buyers Bonus The 2012 British Columbia Budget…

How to Buy a Pre-Construction Condo #3 | Advantages for Owner/Occupiers

 Presale Condos in Vancouver – Advantages for Owner/Occupiers? In Episode 1 of How to Buy a Pre-Construction Condo in Vancouver, we discussed the advantages of Presale Condos for Investors. Today, we’re going to discuss the advantages pre-construction or off plan condos have for Buyers who intend to live in the property once its completed.…

Presale Condo Completions in Vancouver – Avoiding Penalties!

 Completing on a Presale Condo in Vancouver and Appraisals. I recently had the pleasure of interviewing Chad Watts of The Mortgage Group about an experience he had during the the Completion of a Pre-Sale Condo here in beautiful Vancouver, BC. Developers in many cases only give 10 days notice of the Completion of a…

How to Purchase a Presale Condo in Vancouver #2 | Advantages for Investors

 Why do Investors Buy Presale Condos in Vancouver? Welcome to How to Buy a Presale Condo in Vancouver 1. This is the first in a series of videos that will explain in detail the process of buying a pre-construction or off plan property in Vancouver, British Columbia, Canada. Pre Sale Condos are not for…

How to Buy a Vancouver Presale #1 | Introduction

Introduction | Buying Presale Condos In this series of videos, I will explain in detail the process of buying a Residential Presale Condominium in Vancouver, BC.Not sure what a Presale is? Check out this great explanation of Presale Condos Here! Who I am: My name is Mike Stewart, and I am a top producing and…

Presale Condos and Mortgage Financing!

 Getting a Mortgage on Your Presale Condominium in Vancouver Pre Sale residential condos are a popular option for many home buyers and investors in Vancouver. (Want an explanation of Presale Condos? Check out this video here). I recently had the pleasure of interviewing Jessi Johnson, a Mortgage Broker in Vancouver about mortgages and presales.…

Vancouver Real Estate Buyers Safety: Hold Backs in the Contract of Purchase and Sale

Hold Backs in Vancouver Real Estate Far too often Sellers in Vancouver agree to do things that they don’t end up doing. In a Vancouver Real Estate transaction this could result in a Buyer being responsible for thousands of dollars in repairs or future payments if a Seller does not do what they agree to…

A Mortgage Pre-Approval is NOT a Guarantee of a Mortgage!

 Mortgage Pre-Approvals are NOT Guarantees of a Mortgage! I recently had the pleasure of interviewing Chad Watts of The Mortgage Group about mortgage pre-approvals. He brought up a very important point for Buyers, particularly First Time Home Buyers. And that is a mortgage pre-approval is NOT a guarantee that you will get a mortgage…

First Time Home Buyer Safety – Offers Subject to Financing – What, Why, and How!

What is an Offer that is Subject to Financing? This is an Offer to buy a property that is “Subject To” or conditional upon the Buyer getting a mortgage within a set period of time, usually one week. In plain language, the Buyer and Seller agree to give the Buyer a week to get a…

What is a Leaky Condo and How to Avoid Them!

 Leaky Condos Are Everywhere in Vancouver. Keep this in mind if you’re buying a condo in Vancouver. A condo that initially looks solid as a rock, maybe a festering rotten mess inside the walls or in other places you can’t see. 4 ways to avoid buying a Leaky Condo 1) Use a qualified, experienced…

Working with a Realtor in Vancouver- The Agency Relationship with your Real Estate Agent

 Working with a Realtor, The Agency Relationship in British Columbia. by Mike Stewart Vancouver Realtor from Mike Stewart on Vimeo. Please note – This document is obsolete! For information on the the current documents please see this page Disclosure of Representation in Trading Services (DORTS) and the Privacy and Consent Document that were brought…

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