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Victoria & Vancouver Island Real Estate Blog

Tips for Completing Your Seller's Paperwork for a Faster EscrowHome sale paperwork has become progressively more complicated over the years, in an effort to stave off lawsuits and disputes from either party. The exact paperwork each Victoria home seller needs will depend on the province in which they live, but there are general best practices that sellers can use to prepare. The idea is for sellers to consider what the buyer needs to know as they're gathering up all the necessary documents.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

The Main Paperwork

Sellers are likely already familiar with the most important documents:

  • Deed
  • Survey data
  • Property tax records
  • Renovation information
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Paul Kane

Beautiful One Level Central Townhouse!

One level townhouse living with garage, 2 bedrooms, 2 bathrooms, in popular Tanner Walk.

Centrally located, only ~20 mins to Downtown, ~15 mins to the Airport, ~15 mins to Swartz Bay, and just mins to many Farm to Table markets!

Very well maintained, spacious and bright floor plan with cozy gas fireplace in living room and Oak Hard Wood floors extending into the separate dining area.

The kitchen offers natural Oak cabinets with ample storage and counter space, and sliding glass doors leading to the large fully fenced, East facing sunny and private backyard and garden.

Pest repellent sonic system in crawlspace and backyard shed.

Additional cupboards for storage in garage with workbench

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The downward trend for real estate sales in Greater Victoria continued with a total of just 533 sold in September 2018, 16% fewer than the 640 sold last September 2017 and 10% fewer sales than last month, August 2018. This is contrary to the typical seasonal increase in sales after summer. 

  At the same time the upward trend with our supply of listings available for sale continued with 2,646 for sale at the end of September 2018, 5% than the month before and 34% more than the 1,976 available at the end of September 2017.   This apparent balanced level of supply and demand means we now have a 5 month overall supply of listings available for sale. Of course as reported in previous…
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Paul Kane

Great Location and Price!

This is a great opportunity to own your own established business. 

Centrally located in a high traffic area (across from Hillside Mall) this tanning studio has 11 rooms including 8 tanning beds (standing, regular, express, super); a Versa Spa Sunless Tanning Booth; and a Dreamweave Massage Chair. 

Assets and inventory are included in the sale price. 

An established customer base makes for a profitable business with lots of future potential growth! 

Don’t miss this opportunity!

 

 

 

 

 

 

 

Find Out More About 1581 Hillside Ave

Talk to our team to learn more about this Great Location and Price!

Request a Tour

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What You Need to Know to Sell Your Vacation HomeWhether selling a Type A or Type B property, vacation home sales differ from those of their primary home counterparts. From taxes to appreciation to staging, there are a variety of factors to keep in mind. To get the most from the Malahat North home sale, keep the following financial and practical tips in mind.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

How Capital Gains Work

Capital gains apply to all sellers of secondary homes. This refers to any appreciation that occurred from the time the home was purchased to the time it was sold. So a property that was purchased for a net $75,000 and sold for a net $125,000 would be taxed at up to

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Gorge Rd

Oceanfront Gorge Two Bedroom Home

Enjoy Oceanfront Living on the Gorge Waterway with unobstructed views to the inner harbour and private park outlook too from this updated and spacious two bedrooms and two bathroom home.

On the top floor and one of just 6 units on the beachfront, available immediately, move right in and enjoy!

Other amenities include 6 appliances, secure underground parking, storage for bicycle and locker too.

Fully remediated more than 10 years ago.

Excellent value, call now!

 

 

 

 

 

 

Find Out More About 701 - 145 Gorge Rd East

Talk to our team to learn more about this Oceanfront Gorge Two Bedroom Home!

Request a Tour

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Real Estate Clauses: Understanding the Different TypesThere are many different things that go into making up a real estate contract. One of those things is all of the "boilerplate" language that's standard in most all real estate contracts. This standard language includes different clauses that are used for both the buyers and the sellers. Every one of those clauses is generally important, but they might not all apply to every circumstance. Because of that, there are a number of different options for adjusting the clauses, taking them out, or adding in additional information that can be used for that particular transaction.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Why Real Estate Clauses Matter

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4906 Prospect Lake

Prospect Lake view home!

Completely updated with

  • hand-scraped hardwood floors,
  • granite countertops,
  • both an electric and wood burning fireplace,
  • glass and steel handrails
  • large vaulted ceilings to take in the peaceful view of the land and lake.

Spacious open modern kitchen with undercabinet lighting, stained glass windows, slow close cabinetry, updated appliances, and wine fridge.  

Heated floors and slow close in the bathrooms, huge walk-in closet in the oversized vaulted master.

Views from almost every room, massive sun-drenched decks and suite potential down.

 

 

 

 

 

 

Find Out More About 4906 Prospect Lake Rd

Talk to our team to learn more about this Prospect Lake view home!

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Paul Kane

Unique Development/Building Opportunity!

Developers and builders bring your creative ideas to this unique 1.68-acre property.  

Church building is on back of property. 

Current zoning is a combination of Residential (R2) and Institutional (P1).  

Easy access from Shawnigan Lake Rd.

Plenty of potential here… 

 

 

 

 

 

 

 

 

Find Out More About 2900 Shawnigan Lake Rd

Talk to our team to learn more about this Unique Development/Building Opportunity!

Request a Tour

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LMI is a tool that can serve the needs of both borrowers and lendersPurchasing a home is a detailed process involving multiple parties. Everyone is looking to protect their own interest, and there are multiple regulations in place to protect those involved. As one gets involved in the process, they will likely be exposed to real estate terminology like escrow, contingencies and title insurance. Borrowers will likely have to learn about loan to value and loan to income ratios, prepayment penalties and points.

One aspect of acquiring a home mortgage that can affect your payments for years is lender's mortgage insurance. What is lender's mortgage insurance, who does it protect, is it necessary and can borrowers impact what it costs? Here's a quick guide to lender's mortgage insurance.

For informational purposes

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