GST is a complex tax as it applies to real estate, but there are some basic rules. Newly created lots, new homes and substantially renovated homes usually attract the GST. Also, if the property is owned by a corporation, GST may be payable. But sometimes it’s less obvious. The seller can cause GST to apply just by how they’ve used the property. For instance, even if the property is registered in the seller’s personal name, if they have used it for business purposes the GST may apply upon resale. Or if they are GST registrants and have claimed any GST expenses (Input Tax Credits) for that property on their GST return, the GST may apply upon resale. That’s why we ask the sellers – not the buyers – to investigate and declare the GST status of their property. Because only the sellers know the details which may cause GST to apply. Do you have any real estate questions? Our agents have answers. Call Us FIRST!
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You may have noticed ads from companies who offer to help you sell your own home for one low fee. If that sounds too good to be true, we think it is. While these companies appear to do what we do, they don’t even come close. To start with, many do not have a real estate license. That means they cannot represent you as your agent, offer you advice on price, talk to buyers on your behalf, advise you on market conditions, proof-read contracts or negotiate for you. It also means they do not have access to the best home marketing tool in the world: MLS. Their activities are not subject to the same gov’t oversight as licensed agents and they do not carry the same insurance. Selling your home is the most important financial transaction you will ever make. There are literally 100’s of 1,000’s of dollars on the line. You should have a licensed Agent protecting your interests. RE/MAX Oceanview Agents are licensed Agents who specialize in helping people sell homes. Call Us FIRST!
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With such a strong market, some sellers might wonder... why not go For Sale By Owner? Here are 7 good reasons to use the services of our RE/MAX Oceanview Listing Agents: 1. Price: we know the local market – you can rely on our advice on market value. 2. Staging: we know how to make your home more attractive to buyers. 3. Marketing: we use the power of the Multiple Listing Service for maximum exposure. 4. Qualifying Buyers: we ensure everyone who sees your home is a qualified buyer. 5. Negotiations: buyers’ agents are good negotiators - our listing agents are better. 6. Contracts: we protect your interests and ensure your contract terms are favourable 7. Administration; we take care of all the details and paperwork all the way to closing. The sale of your home is likely the most important financial transaction of your lifetime. Leave nothing to chance – Call Us FIRST!
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The statistics for September are in. There were 70 sales of detached homes. That’s close to August’s total of 67, but well off the September 2020 total of 92. The Benchmark Price – that is, the price of an average home in an average area – rose 2.4% to $867,700, representing yet another all-time high for detached homes on the Coast. Year-to-date sales total 659, a large increase over the 523 sales last year. Apartments and townhome sales thus far this year total 205, well up from the 129 sales this time last year. With the increasing popularity of attached homes and the decreased supply, we expect prices to rise. Land sales remained steady with 9 sales in September and August, but with 159 sales year-to-date, we’re up almost 100% from this time last year. Land prices appear to be holding steady at the moment; we feel rising construction costs may be capping any immediate increases. Are you thinking of selling? There’s never been a better time to market your home. Call US FIRST!
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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.