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Buying

86 articles in buying

Buying Posts

coquitlam living benefits and drawbacks
Buying

Pros and Cons of Living in Coquitlam BC

Keen to discover the pros and cons of living in Coquitlam, BC? Uncover essential insights for navigating the competitive housing market!

Richard Morrison
Pros and Cons of Living in Surrey BC
Buying

Pros and Cons of Living in Surrey BC

Surrey, BC offers affordable living and vibrant diversity, but is the traffic and crime worth the investment? Discover the details inside!

Richard Morrison
Pros and Cons of Living in New Westminster BC
Buying

Pros and Cons of Living in New Westminster BC

In New Westminster, BC, the charm of community and parks meets the challenge of high home prices and traffic—discover if it's the right choice for you!

Richard Morrison
Pros and Cons of Living in Richmond BC
Buying

Pros and Cons of Living in Richmond BC

Beneath Richmond's vibrant community and stunning parks lie housing challenges and crime concerns; discover the full picture before making your move!

Richard Morrison
real estate representative role
Buying

What Is a Sub-Agent in Real Estate?

Just what exactly is a sub-agent in real estate, and how do they impact your property buying experience? Discover the surprising details!

Richard Morrison
What Happens on Closing Day When Buying a House
Buying

What Happens on Closing Day When Buying a House in BC?

On closing day, buyers sign final documents, pay closing costs, and transfer funds. The seller hands over property ownership, and the transaction is recorded with the local government. Once complete, the buyer receives the keys to the property, officially concluding the home-buying process. As a rea

Richard Morrison
Pre Construction Condo Payment Schedule: Deposit Structure
Buying

Pre Construction Condo Payment Schedule: Deposit Structure

The Deposit Structure When You Buy A Pre-Construction Condo Navigating the world of  pre-construction condo miniums can be a mountainous task, especially when it comes to  understanding payment schedules . Did you know presale property deposit amounts often  range from 15-25% , unlike resale propert

Richard Morrison
Deposit vs Down Payment
Buying

Deposit vs Down Payment: What’s the Difference?

What’s the Difference Between A Deposit And A Down Payment In Real Estate? Navigating the world of  real estate  can be daunting, particularly when it comes to understanding financial aspects like  deposits and down payments . The two terms, often used interchangeably, hold  unique meanings and impl

Richard Morrison
how to know if a house is right for you
Buying

How to Know if a House is Right For You

When I first started helping buyers navigate Vancouver's competitive real estate market back in 2008, I noticed something curious. Nearly every client would ask me the same question after viewing three or four properties: "How do I know this is the one?" Know if a home is right for you by confirmin

Richard Morrison
Presale Condo Deposit
Buying

Presale Condo Deposit in Real Estate: FAQs You Need to Know

Purchasing a presale condominium in British Columbia can be an exciting yet complex process, especially when it comes to putting down the required deposit. As a realtor in Vancouver for over 20 years, I've helped many clients navigate the ins and outs of securing their dream presale home. In this co

Richard Morrison
Dual Agency BC
Buying

Limited Dual Agency Rules in BC: Double Ending & Exemptions

Key Takeaway: Dual agency in BC real estate transactions, where one agent represents both the buyer and seller, can be rife with conflicts of interest. Recent regulatory changes prohibit most dual agency situations, but exemptions apply in remote areas. Understanding the risks is essential. I'll nev

Richard Morrison
Bank Appraisal vs Real Estate Appraisal
Buying

Bank Appraisal vs Real Estate Appraisal: Appraised Value Differences

Buying a home can feel like navigating through murky waters, especially when facing terms like bank and real estate appraisals . These assessments, pivotal in  Canada’s mortgage world , provide  critical insights  about a property’s market worth. This article breaks down the nuances of both bank and

Richard Morrison
How Much Is A Down Payment On A Condo in BC
Buying

How Much Is A Down Payment On A Condo in BC For A Buyer

When I first sat down with Sarah, a young professional looking to buy her first condo in Vancouver, her eyes widened when I mentioned down payments. "I thought I needed 20%," she whispered, clearly discouraged. But after walking her through BC's actual minimum down payment requirements, her entire o

Richard Morrison
Condo Purchase Checklist for BC - How to Buy a condo
Buying

Condo Purchase Checklist in BC: How To Buy A Condo

When I first started helping buyers navigate the condo market in British Columbia, I thought the process was straightforward – find a unit you like, make an offer, and move in. But after guiding hundreds of clients through purchasing condos across Vancouver and BC, I realized the truth about condo b

Richard Morrison
Statement of Adjustments
Buying

Statement of Adjustments in Real Estate: Sell, Buy, Refi

Be Aware of What Happens on Closing The  statement of adjustments  is an important document that outlines the  financial transactions  involved in a  real estate sale . Every homebuyer needs to understand how it works and what happens on closing day as this will have a big impact on their finances w

Richard Morrison
Asking Price vs Selling Price
Buying

Asking Price vs Selling Price: Real Estate Market Value

Buying or selling a home is a complex process with many moving parts. One of the most important decisions is setting the right asking price if you are the seller. The asking price is what you initially list the home for, but that doesn’t necessarily mean it’s what someone will pay. The actual sellin

Richard Morrison
House Hunting Checklist
Buying

The Ultimate House Hunting Checklist For A Homebuyer

Download Our House Hunting Checklist: Best Tips for Finding Your New Home Buying a home is likely the biggest purchase you'll ever make. It's exciting to think about picking out furniture, decorating, and making memories in a new space. But it can also feel overwhelming. Where do you even start? Hav

Richard Morrison
Buying

Vancouver Red Tape Adds 50% Extra Cost or $644,000 To The Average New House

Vancouver's booming real estate market has been making headlines for years, with skyrocketing prices and limited housing options. But did you know that red tape and bureaucratic delays are largely responsible for adding an astonishing 50% extra cost or $644,000 to the average new house? In this blog

Richard Morrison
What Does a Real Estate Agent Do for a Buyer in BC
Buying

What Does a Real Estate Agent Do For a Home Buyer in BC?

When I first started helping buyers navigate BC's complex real estate landscape back in 2008, most people thought a real estate agent simply unlocked doors and filled out paperwork. But after guiding hundreds of families through their home purchases, I realized the truth about buyer representation i

Richard Morrison
Real Estate Terms Canada
Buying

Common Real Estate Terms And Definitions: Real Estate Glossary

Stepping into the  Canadian real estate market  can seem like deciphering a foreign language. Did you know there are well over 100  specialized terms  used commonly in  property transactions ? This article demystifies these  confusing jargon , breaking them down into  plain English  to guide your  h

Richard Morrison
Understanding Property Management Cost, Services and Fees
Buying

Understanding Property Management Cost, Services and Fees

Updated: . When I first started investing in rental properties back in Vancouver, I thought hiring a property manager was just about collecting rent and handling tenant complaints. Boy, was I wrong. After dissecting dozens of property management contracts across BC and the rest of Canada, I realized

Richard Morrison
How to Subdivide Lots in Vancouver
Buying

How to Subdivide Lots in Vancouver

Have you ever considered subdividing your property in Vancouver to create additional lots that can be sold or developed? Subdividing property can certainly unlock value, but it's important to understand the process and requirements before pursuing this route. In this comprehensive guide, I'll walk y

Richard Morrison
How to Flip a House in BC
Buying

How To Flip A House: Tips For Property Flipping in BC, Canada

When I first heard about someone making six figures flipping a single house in Vancouver, I thought it was just another exaggerated success story. But after working with dozens of real estate investors over the past decade, I've witnessed firsthand how strategic property flipping can transform modes

Richard Morrison
Lawyer Fee & Other Legal Fees When Buying a House in BC
Buying

Lawyer Fee And Other Legal Fees When Buying a House in BC

When I first helped a young couple navigate their home purchase in Vancouver, they were shocked by a legal fee invoice that seemed to appear out of nowhere. "Why didn't anyone tell us about this?" they asked. You're not alone if you've wondered about the mysterious world of legal fees when buying a

Richard Morrison