Buying a House or Property
Buying a house or property, whether as a place to live or as an investment, is a
decision that will affect your life for a long time to come.
a house involves many steps.
You definitely need the help of an experienced real estate agent.
A Purchase and Sale Agreement is a complicated legal document, that
expands upon the terms and conditions in the offer.
language right, and protecting your rights in the transaction is
work for a trained professional.
There are various types of Agency Relationships
Working with and Agent - Is it really necessary ?
An Agent working for you can do the following:
Can find the home that really meets
Can get the right information on
taxes, utility costs, services etc.
Can help with negotiating your
offers and counter offers.
Can recommend appraisal, home
inspection, legal and financial options.
Working with just one agent is the
best way to find the home you are looking for.
If you are
calling multiple agents on different properties you may miss out on
the very property you want.
It is for this reason I ask for your
commitment to find the perfect home in the least amount of time.
Residential real estate is sold “AS IS” so a professional building
inspection is always a good idea and highly recommended.
There is no
such thing as a perfect house. Many components of a house wear out
over time such as roofs, furnaces and hot water tanks.
surprises after the fact, an inspection is worth the cost.
City Hall can be a valuable resource, however they do charge to look
at individual property files.
The property file contains copies of
an correspondence with previous owners, inspections and house plans.
The information cannot be copied, but can be viewed on site.
Like any appliance, woodstoves wear out. Only CSA approved models
installed properly will pass the fire Marshall's inspection.
woodstove inspection is only valid for 1 year and even then it may
not pass today’s requirements as the installation regulations change
from time to time.
Some defects may not be apparent to the untrained
Masonry or metal flues should be inspected.
Masonry flues can crack
with heavy or improper use.
Not all metal flues are approved, only
the newer CSA approved ones are. Remote camera devices are used to
inspect the inside of flues.
Used appliances do not come with a warranty, however they should be
working on possession day.
Every house has them. Some are harmless others aren’t.
previous owner had animals you could end up with fleas.
Damp wood or
wood buried in soil can attract termites, other insects and rot.
Furnace oil is a chattel and not included in a sale unless
specifically indicated so on YOUR agreement.
The previous owner can
request that you pay for the remaining oil on possession day or have
it pumped out.
Many propane tanks are leased.
The new owner may be required to sign
a new lease agreement with the company that owns it.
oil tanks can easily dealt with and removed.
However, those that are
buried underground will present a problem on the purchase of a
They represent possible contamination sites that are
expensive and complicated to remove and clean up.
reports and oil tank removals are expensive.
Unless a lease is in place most tenants are on a month to month
A would-be landlord should be familiar with the Residential
Tenancy Act of BC. This changes from time to time as legislation
changes. Proper notice and procedures must be followed to terminate
a tenancy. Because of the human element there are no guarantees.
Everyone’s standard of cleanliness is different.
There are no
guarantees that a property will be left for you clean to your
On viewing a property you can get an idea of how it might
be left. To be on the safe side, count on cleaning it yourself or
hiring someone to do this.
We would hope every home is left clean
for the new homeowner, but it is not always the case.
Unfortunately, the odd occasion a seller does not remove all their
garbage on possession date.
Garbage removal does involve time,
effort and money. In some situations this can be handles right in
the offer if a large amount of garbage is noticed when the property
One or some keys will be turned over to the new homeowner on
As realtors we can not authorize you to use keys any
sooner that what has been agreed to in writing.
misplace keys, lose keys, give keys to friends, or may not had keys
to open all doors I recommend (even a new house) to rekey the home
you have purchased.
It is worth your peace of mind.
Every new owner must apply to receive service.
The Hydro Plus
program requires that a separate service agreement be signed.
As a requirement of bank financing, proof of adequate building fire
insurance must be provided.
Property lines can be verified by locating the white corner posts
indicating where the metal peg should be.
Over the years they go
missing and/or moved by children.
A site survey or legal map can
assist in locating them. A fence, hedge or grass line does not
necessarily indicate the property line.
Some areas are in a designated flood plain. It is prudent to know if
your new property is.
If bank financing is involved they generally request the purchaser
supply a site survey as part of their financing requirements.
all sellers have these on their property. If it is very old,
unreadable or changes/additions have been made, it may be necessary
to get a new one done.
Septic systems require maintenance and do not last forever. Because
every family lives differently it may not perform the same. Some
areas can experience difficulties during periods of heavy rainfall
or saturated grounds.
Piped water in the regional district may be metered but in any case
the property owner pays separately for their water consumption.
Inquires should also be made to determine if it is a private water
system and the source of the water. If the property is on well water
the purchaser should have the water tested and make inquires about
This is not included in your Taxes. Most property owners pay for
garbage collection to a firm servicing that area.
Taking all the above into
consideration you can understand how my expertise can help you in
either buying or selling real estate.
30 Years of Local Experience
+Training and Enthusiasm = RESULTS