Buying property in the beautiful Comox Valley & spectacular Campbell River areas.

No longer sleepy little towns both the Comox Valley and Campbell River have grown immensely over the years. 

The island is a very popular place to raise a family or to consider as a retirement destination.

From the beautiful surrounding mountains to the stunning coastal Salish sea there is never a lack of things to do on Vancouver Island.

Incredible dining, patios, breweries & take out ... it’s like a staycation wherever you roam.

Spectacular marine adventures and ocean activities abound ... and let’s not forget about the numerous year-round country farms, farmer markets, wineries, and farm to table experiences.

Goodbye, city hello paradise!

Understanding the dynamics of working with a real estate agent.

Consider this your trusted advisor the one who has a deep understanding of not only the local market but of the real estate industry as a whole. Analytics, monthly reports & a person who has their finger on the pulse of what you need to know most when buying a property.

With over 30 years in the real estate industry, I can expertly guide you through the buying process, as well as refer you to establish professionals you’ll need during and after the buying process.

The Buying process

I like to say we start with a wide net and then create our property shortlist from there ... the buying process should not be hurried unless of course, we find ourselves in a seller’s market and then a full sit-down consultation and a hand holding guide would be discussed.

Property viewings

Once we have narrow down our decision we will book appointments to get you inside the properties you desire.

The offer processes

When you have decided on the property you would like to put an offer on a contract of purchase and sale that will be drawn up including pricing, dates, inclusions, and your subject conditions such as financing, title search, and home inspection. 

The offer will then be presented to the listing agent to present it to the seller. 

The offer will either be accepted or countered by the seller.

This is known as a counter-offer.

The counter-offer process can go back-and-forth until both parties agree upon all the new terms and conditions.

Acceptance of offer

Once we have an excepted offer both the buyer and seller begin with their due diligence on reviewing documents and preparing financing, inspection, and all the subject conditions.

Time shall remain of the essence.

Subject Removal

Once the subjects have been removed We start to prepare for the closing. 

Deposits are put into place either upon acceptance or subject removal and held in trust with the buyer’s real estate company. 

This is known as a sign of good faith that the buyer intends to complete the contract.

Completion and closing date

On the day of completion, once funds have been received and transferred, the lawyer registers the title of the property into the buyer's name. 

Usually the next day or the date that was written on the contract for possession, keys are given to the buyer’s agent at 12 noon. 

You are now the proud owner of the property and can move into your brand new home. CONGRATULATIONS!

Closing Costs

A buyer should have set aside money to pay for a home inspection, lawyer’s fees and disbursements, as well as moving costs.

Property Transfer Tax (PTT)

Property transfer tax is charged when there is a change to the properties land title usually initiated through the sale of the property.

The property transfer tax rate is:

  • 1% on the first $200,000,
  • 2% on the portion of the fair market value greater than $200,000 and up to and including $2,000,000,
  • 3% on the portion of the fair market value greater than $2,000,000, and
  • If the property is residential, a further 2% on the portion of the fair market value greater than $3,000,000 (effective February 21, 2018).

If the property is classified as residential and farm, or is residential mixed class (such as residential and commercial), you pay the further 2% tax on only the residential portion of the property.

Estimate Tax Payable

Property Taxes

Due in July each year.

Goods and Service Tax (GST)

Goods and service tax is a 5% federal tax that is charged to the purchase of a new construction.

Please Provide Your Buying Criteria

Heather Clifford

eXp Realty

2040 A Guthrie Rd  Comox,  British Columbia  V9M3P6 

Phone: (604) 698-9855