Office: 400-1286 Homer Street, Vancouver, BC
Whether you're buying or selling, I am here to provide personalized guidance and support every step of the way. Share your preferences, and I'll help you find the perfect match in no time!
Buying or selling anywhere in Metro Vancouver? Get straight answers from a local who’s been doing this since 2010.
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Under current federal rules you need 5% of the first $500,000 and 10% of the portion between $500,000 and $1.5 million. On an $800,000 condo that's $25,000 plus $30,000, so $55,000 minimum. Set aside another 2% to 3% for closing costs like property transfer tax, legal fees and an inspection, unless you qualify for a first-time buyer exemption.
Read the last 2 years of strata minutes, the depreciation report and the Form B, which shows the contingency reserve fund and any special levies. Look for upcoming repairs like a roof, envelope or elevator replacement, and check the insurance deductible. Then read the bylaws on pets and rentals before you fall in love with the view.
For most move-up buyers, selling first (or at the same time) is the safer play, because you know exactly what you've got to spend. Buying first can work if your finances can carry 2 homes for a while or you've arranged bridge financing. An offer that's subject to the sale of your home is possible, but sellers usually treat it as the weakest offer on the table.
Online estimates miss the things that matter most here, like views, strata health, renovations and which side of the street you're on. Your BC Assessment is a snapshot from July 1 of the previous year, not today's market value. The most reliable number comes from a comparative market analysis built on recent sales in your neighbourhood, which I'm happy to put together for you.
Spring is usually the busiest season, with the most buyers out but also the most competing listings. Fall is a close second, and a well-priced home in winter can stand out because there's less to choose from. The best time is really when your home is ready and your next move is sorted, and I can walk you through what the market's doing right now.
Got a question that's not here? Call or text 604-813-4686 and get a straight answer.
Oakwyn Realty Ltd.
(R3168651)
