Blog by Kory Prince

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Can You Explain Sellers’ and Buyers’ Contractual Obligations?

January 31st, 2012

Buyers and sellers with signed contracts that are legally binding have many contractual obligations. 

Here are a few examples:


Included items

The standard form, Contract of Purchase and Sale, contains this clause:
“The Purchase Price includes any buildings, improvements, fixtures, appurtenances and attachments thereto, and all ...

Can I Cancel a Listing Contract, a Buyer Agency or an Exclusive?

January 30th, 2012

  

Contracts can only be cancelled with the mutual consent of the parties.

Contractual ObligationsIn BC, REALTORS® use standard form real estate contracts. The wording and terms of these contracts have been prepared by BC lawyers and have been tested in Canadian courts. Multiple Listing, Buyer Agency and Exclusive Listing contracts are made be ...

False Creek's Newest Development – LIDO – BY BOSA PROPERTIES

January 27th, 2012

False Creek's Newest Development – LIDO – BY BOSA PROPERTIES



LIDO – 1650 QUEBEC STREET – VANCOUVER 

A REFRESHING CHANGE OF PLACE.

Lido offers stunning condominium residences …  it offers much more than simply great real estate. It offers a bold statement about the short and long term strength of the Vancouver market. It signals the continued evolution of an entire neighbourhood. And it gi ...

The Value of Working with a REALTOR®

January 26th, 2012

Introduction 


Professional 1-1.jpgIn real estate, like many other fields, professional representation is available for every step of the process. How much or little representation you need or want will depend on your knowledge and background in real estate, as well as the amount of time you have to dedicate to the process.

The purchase or sale of real estate has signific ...

Is Record Household Debt a Problem for Home Owners?

January 25th, 2012
  

Continuous bad news about rising Canadian debt has been making headlines for the past few years – and now we’re hearing over and over again that mortgage debt has reached epic proportions.

Is all of this negativity accurate? We decided to find out by asking some credible sources.


The truth about household debt

It is true: the ove ...

7 Mistakes to Avoid When Selling Your Home

January 24th, 2012


7 Mistakes to Avoid When Selling Your Home


House ShieldSelling your home is a complicated process.  It’s natural to feel overwhelmed by the magnitude of details involved, but the experience can be very manageable—and educational!—when broken down into its component parts and plotted out into steps.  The following is a list of common pitfalls encountered during the home-selling process.  Use these as a ...

What do property taxes pay for?

January 21st, 2012

Vancouver has once again been rated the most livable city in the world, topping 140 cities, according to a survey from the Economist Intelligence Unit.

The annual survey scores cities worldwide from 0 - 100 based on 30 factors grouped in broad areas such as infrastructure, the environment, culture and education.

How do we rate number one, year after year? ...

Property Taxes 101

January 20th, 2012

What are property taxes?

Property TaxAn annual local government tax levied on real property based on BC Assessment’s estimated market value. Local governments calculate the tax by dividing the annual budget by total assessed property values. In rural areas, the province assigns the tax rate. Rates vary among property classes: residential, business, light and heavy industry, farm ...

Property Assessment Notice

January 19th, 2012

Assessment notices – a wake-up call for property owners

Tax BillProperty owners throughout BC received their 2012 assessment notice the first week of January from BC Assessment (BCA).

This notice is BC Assessment’s estimate of a property’s value as of July 1, 2011, and for new construction or substantially renovated homes, the physical condition as of October 31, 201 ...

Mortgages 101: Buying Your First Home

January 18th, 2012

Mortgages 101: Buying Your First Home

Mortgage1Interest rates are at an all time low (2.99% 5yr fixed term). If you have put off buying your first home, you may want to consider buying now while you can get more for your money. CLICK HERE to have me refer an incredible mortgage broker to see where you stand.

Getting a mortgage for your first home is a big financial commitment. The number of options ca ...

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