Cathie Cline and Kevin Skipworth

Making a difference for you makes all the difference for us

THE BUYING PROCESS

We understand the relationship between homebuyers and Agents must be based on trust, mutual goals and understanding–this is why we always keep your interests first and foremost. The real estate process requires negotiation of complex issues; we are committed to working in your best interests. 


- We will conduct a detailed CMA complete with comparable active and expired listings, recent solds and historical data relevant to determining a market value fo the home.

- We will prepare an offer that protects you, follows your instructions and matches your schedule and needs. 
- We will explain the details of the offer, the terms and suggest options for specialty clauses.
- We will present and negotiate the offer on your behalf to get you the home you want at the price and terms you want.
 
We will provide you with a team of professionals you can choose from for everything from finances, inspectors and notary/lawyers so you are sure to have all your questions answered prior to removing the chosen subjects. 

CLOSING COSTS - BUYING 

Legal Fees  $950 - $1500

Appraisal  $200 - $300 for both a conventional mortgage (more than 20% down payment) and a high ratio mortgage (less than 20 % down)

Property Purchase Tax   The tax is calulated as 1% on the first $200,000 and 2% up to $2,000,000 & 3% to $3,000,000 and 5% on balance.

First time home buyers are exempt for purchases under $500,000 and partially exempt up to maximum of $525,000 (have to be a resident of BC for one year). Availalbe "Newly Builty Home Exemption for principle residence to $750,000.

- GST  5% of purchase price on new construction. If Owner occupied rebate of 36% of that portion up to $350,000  phased out up to $450,000

Inspection  $500 - $800

- Property Tax Adjustment Property taxes  are traditionally due on or before July 1st of each year. Property taxes are adjusted to the exact day the property is transferred. 

Survey Certificate (houses)  $250 - $350 The Vendor may be in possession of this certificate. For strata buildings a strata plan is used. 

- Strata Cost Adjustment  The vendor will be compensated for strata fees paid after adjustment date.

- Form A  (strata) $50 Required by the Strata Act to show vendor does not have any outstanding strata fees

- Insurance Binder  $35 -  Necessary to show the mortgage lender the property is sufficiently insured.

- Foreign Tax  Buyers who are not Canadian Citizens or permanent residence are subject to a 20% tax based on purchase price. 

                  *Here are some costs to consider. Please note that all prices are approximate. 


CATHIE CLINE

Phone 604-808-5770

cath@shaw.ca


KEVIN SKIPWORTH

Phone: 604-868-3656

kevin@skipworth.ca


1399 Homer Street

Vancouver, BC

V6B 5M9

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.