On March 28, 2022, the BC Government introduced amendments to the Property Law Act which enable the creation of a “Homebuyer Protection Period”, which is essentially a cooling-off period that allows buyers to back out of buying a home after signing a Contract of Purchase and Sale. These amendments come as a result of the … Read more
Many homeowners are unaware that Selling a tenant-occupied home is very different than selling a vacant home. Tenanted homes come with tenancy laws, and in British Columbia, the tenancy laws are strict in protecting tenants’ rights. If you or your real estate agent is unaware of these frequently changing laws and you fail to abide … Read more
As a homeowner, one benefit of owning real estate is selling and profiting from your home’s price appreciation. In Vancouver real estate, it can be a lucrative investment. Selling your home isn’t tax-free, and the Canadian Revenue Agency will share in profits made. Let’s take a closer look at your tax responsibilities when selling your … Read more
Is a lawyer required for selling a home? And are there any legal fees when selling your home? Understandably, hiring a lawyer by the hour doesn’t come cheap. Hence, you’ll want to verify whether it’s necessary to involve a lawyer when selling your home. As with most types of transactions that include an enforceable contract, … Read more
Are you thinking about putting your home on the market? When putting your home on the market, you want to make sure that the time and money you’ll be spending on home improvements will be worth it. Before you sell, you might think that all those mini reno and repair projects you’ve been pushing off deserve … Read more
In the world of real estate, the one number that reigns supreme is the market value of your property. Knowing your home’s value can come in handy in many scenarios beyond deciding to sell and move house. In particular, knowing your home’s value allows you to quickly assess when it’s suitable to borrow, trade, or … Read more
Owning a rental property that provides consistent monthly cash flows can be lucrative. Period returns from a rental property, coupled with the passive price appreciation of the property itself, make owning a rental property an attractive investment opportunity. With the rental market stability in metro areas of a city, it can seem natural to continue … Read more
As most home sellers know, selling your home will come with costs to list, market, and secure an offer for the home. It is the unknown and unanticipated add-on costs that often catch sellers by surprise. These hidden costs can cut into your actual realized take-home earnings from selling your home. How can you best … Read more
Home Renovations can be a daunting prospect regardless of whether you are just diving into the world of fixer-uppers or plan to rehab a rundown old home for personal use. You should also be aware of permits, demolition, and whether to paint or install flooring or replace windows first. Additionally, you should take precautions against … Read more
The prospect of homeownership can, in itself, be daunting. So can the prospect of selling your house when you determine the time is right to make a move. Selling your condo can prove to be an equal challenge, especially since there are certain rules that govern what you can and can’t do to spruce up … Read more
Your Guide to Selling Tenant Occupied Homes in BC Selling a tenant-occupied home is generally more difficult than selling an unoccupied home because you are dealing with people’s emotions around a threatened disruption of note. You’ll be bringing strangers into their home which will be disconcerting and inconvenient for them so you really need to … Read more
TIPS TO PREVENT TENANT CONFLICT BEFORE IT OCCURS There are many reasons you as a landlord may want to sell a property that is still occupied by a tenant. Your tenant could be treating the property badly and ruining its future value, there may be a better opportunity for profit with another tenant or buyer, … Read more