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Victoria BC Community Blog

Navigating the Inspection Process: What to Expect Tag: Assessment

Buying a home is one of the most significant investments you'll ever make, and ensuring it's the right decision involves thorough due diligence. The home inspection process is a key step in this journey, offering you a detailed assessment of the property's condition. This evaluation helps uncover any potential issues or hidden defects, providing you with valuable insights that can influence your decision. Here is what you can expect and things to think about for your home inspection.

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Taxes to Be Aware of When Buying a Home in BC Tag: Assessment

Mini home, pen signing contract

For homeowners there are an array of costs and fees that go beyond the initial cost of purchase, including maintenance, repair, and renovation. But in this post, we’re going to focus on the administrative costs of the various federal, provincial, and municipal taxes you will need to be aware of. 

This is especially true for first time buyers who may not know what even needs to be considered, and having a handle on the closing costs and taxes, as well as future fees, will help you make an informed and knowledgeable decision about your future. To help you out, here is an overview of the relevant taxes prospective BC homeowners should be aware of.

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The Importance Of Home Inspections Tag: Assessment

Home Inspection Report

When it comes to buying a home you want to leave no stone unturned—after all, this is the biggest and most important purchase you’ll be making, and there should be no doubt left in your mind that you’ve found the right home for you. 

This is where a home inspection comes into play. A pre-purchase inspection provides you with the opportunity to uncover details that won’t be apparent to the untrained eye, giving you insight into the future viability and structural soundness of the property, and bringing to light any potential problems or red flags. This not only gives you leverage when negotiating, but it can also help you make your final decision. 

Here are some of the reasons why home inspections are an important part of the home buying process, as well as how you should approach a home inspection as a part of your home buying journey. 

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How To Price Your Home And Deal With Multiple Offers Tag: Assessment

House Price

Pricing your home to sell is an essential part of budgeting and planning for your next move, and there are several factors that go into the final number. For homeowners it can sometimes be a little difficult to parse the number they’re offered by appraisers and real estate experts, but with a little research and understanding, you can have a better idea of what the market value range for your home truly is. 

Something that’s unique to BC homeowners is the BC assessment, which provides an estimated value for your home. In this blog we are going to to explain a little more about that, and its limitations, as well as providing you with advice on how to understand the true market value for your home, and what to do afterwards should you receive multiple offers.

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Your BC Property Assessment Explained: What Is It, What Does It Mean, and What Are The Tax Implications Tag: Assessment

Houses in suburbs

As it’s January, it’s once again time for property owners in BC to receive their annual property assessment from BC Assessment. Even if you aren’t planning on buying or selling immediately these are important documents. And you should take the time to understand what they mean for you. Here’s our primer on what you need to know about your BC Assessment. 

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