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Downtown Condos

Decide to Buy
Investment Property

Preparation
Metro Vancouver Realtor

Choosing an Agent
Downtown Condos

Time to Shop
Investment Property

Transfer of Title & Inspections and Appraisals

Vancouver Real Estate

Move In
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Decide To Buy

Investing in Real Estate is one of the largest financial decisions you will make. There are several reasons that could have prompted you to visit this site today.  

You might be tired of paying your landlord’s mortgage, looking to build your investment portfolio, interested in purchasing a rental property, or simply looking for a larger space. You might want to relocate and benefit from all the natural beauty Vancouver has to offer, or even be trying to reduce your commute time to work.  

Whatever your reason for buying is, you do not have to go through the journey alone.  Look no further for all the tools, expertise, and drive to find the right home for all your needs.

Vancouver Real Estate
Downtown Condos

Preparation

There are many things to consider before making the decision to purchase a home. However, let’s not overcomplicate things. Keep it simple with these three important details:

  • Build your Green File (this file should contain all your financial documents such as financial statements, bank accounts, investments, credit cards, auto loans, recent pay stubs, tax returns for two years, copies of leases for investment properties, 401K statements, life insurance, stocks, bonds, and mutual account information)
  • Check your credit rating
  • Be mindful of your finances (job hopping is not recommended at this point in time)

Choosing an Agent

Finding an agent is not difficult at all. The difficulty is actually finding an agent that is genuinely interested in finding solutions for all your Real Estate needs. Here is a list of key elements to consider when selecting your agent:

  • Expertise in completing transactions similar to yours
  • Familiarity within the area you are looking to buy in
  • Time availability – if you work during the days, can they accommodate showings at night?
  • Credentials and education – do they know about the latest Real Estate trends?
  • Response time – how long do they take to respond your calls and emails? 
  • List of sold properties
  • Listening skills – do they care about your needs and concerns?
Luxury Homes
Investment Property

Time to Shop

Finally, you have made it to the fun part of the home-purchasing process. The first thing you will want to do is to picture yourself in your new neighbourhood. Depending on your choice of location, it’s recommended that you go for a drive, a walk, or even a bike ride in the area. This will help you understand what it feels like to live there.  

Once you are certain as to which area best fits your lifestyle, you can start browsing homes within this area. Of course, this is the point when I am the most accessible to you. I can help you find the best homes for all your needs and schedule showings for you. When we find the perfect spot together, I will help you make an offer that the buyer can’t decline while also getting you the best bang for your buck.

Transfer of Title & Inspections and Appraisals

Homes are an enormous transaction and should be treated as such. Don’t be afraid, I’m here to help you through all the meticulous paperwork. I have two simple and specific recommendations for you to stay on track: keep written records of everything and stick to a schedule!

  • Closing Agent: A closing agent will be selected to hold the deposit in trust and research the complete recorded history of the property to ensure the title is free and clear of encumbrances by the date of closing.
  • How to Hold Title:  Different methods of holding a title have different legal, estate, and tax implications. You may wish to consult an attorney or tax advisor on the best way to hold a title
  • Inspection: You will need to have a licensed property inspector inspect the property within the timeframe agreed upon in the effective contract to purchase.
  • Appraisal and Lending: It is crucial that you keep in close communication with your lender. This will ensure that you have all the required documents to obtain your loan promptly
  • Association Approval: This is only applicable if the property you are purchasing is conditional upon an association approval. It is imperative that you request the rules, regulations, and other important documents from the seller as soon as you have an effective agreement of purchase
  • Property Insurance: If you are obtaining a loan, the lender will require you to purchase a certain amount of insurance on the property.
Metro Vancouver Realtor
Vancouver Real Estate

Moving In

Congratulations, the lengthy process ends here. There are four last steps to consider at this point:

  • Final walk-through inspection: This is more of a formality than anything else. The final walk-through inspection usually takes place a day before or on the day of closing.
  • Home Services Utilities: I will provide you with a list of useful numbers for essential activation of home services and utilities after the closing takes place.
  • Preparation: Sometimes glitches pop-up even during the last stages of closing. I will be readily available to assist you but it is important to keep in mind that unforeseen situations can sometimes occur.
  • Closing: The closing agent will provide all parties with a settlement statement summarizing and detailing the financial transactions enacted in the process.

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