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Buying with Harcourts

Buying with Harcourts (North Vancouver)

Harcourts has been helping people to buy and sell property for over a century. Harcourts in North Vancouver is committed to helping you turn your property dreams into reality.

 

When you come to Harcourts in search of your perfect property, your Realtor looks to establish your goals and set about achieving them for you. It is their job to listen to what you want and to work with you with care and consideration at all times.

 

Your Realtor will guide you through the process of buying a house, providing advice on property values, investment potential, finance options and legal requirements.

 

It is all part of the extra-effort service. And best of all, it’s all entirely free of charge.

 

Finding your home

 

Your Realtor will begin by showing you suitable properties, which are on the market right now. You will see photographs and detailed descriptions of all the properties we have listed which meet your requirements. When you see something you like, they will arrange a visit. Please feel free to use the Property Search feature on the left of your screen to search for properties for sale.

 

Your wishlist:

Knowing your requirements early really helps us to help you. Sometimes however, your circumstances and priorities can change. Often, we will check with you to ensure we remain on track.

 

 

Facts that help us in finding you the right property include:

  • Suburbs

  • Price range

  • Number of bedrooms

  • Style of home

  • Proximity to childcare/primary and secondary schools

  • Yard size

  • Driveway access and or garage

  • Special requirements e.g. no stairs

 

Your essentials

 

It is important that we know the absolute most important features you want in a property and will not compromise on. They may include:

  • A separate office/study

  • Sun exposure

  • Security

  • Garage or mooring for a boat

  • Low maintenance grounds

These requirements are unique to each buyer. Also give some thought to features you most definitely do not want in a property.

 

 

Open Houses

 

Your Realtor will show you those properties that best fit your requirements. This will be at times to suit you and the owner of the property. You will be kept informed of all changes relating to the properties you have viewed and you will be advised of new properties as they come on the market. Talk to your Realtor about how you want to receive new property information i.e. via email, text or phone call.

Attending open homes can be time consuming. We recommend you do not rush or disregard too quickly. Try not to judge a property from the outside only. Some properties have little or no street appeal, but have much to offer inside. Open homes will confirm your first impression or will pleasantly surprise you.

When the right property presents itself be prepared to make an offer. We will encourage you to do so as many people have found their perfect home and missed it because they didn’t take the opportunity when it as available to them.

 

Going to contract

When you are ready to write up a contract, the next step is to decide on the price you wish to offer the seller and under what conditions you wish to make the offer. Common conditions of sale are: subject to finance, a builder's report, sale of another property, solicitor’s approval of the contract or specialist inspection or approval.

The seller can accept your offer, reject it or counter sign it. Counter signing usually occurs when the seller is not satisfied with the price offered and/or conditions included and subsequently alters them. The contract will be brought back to you for your consideration. If you accept, you initial the seller’s alteration and the property is under offer to you subject to any conditions that the contract may contain. Alternatively you also have the right to counter sign. Your Realtor will continue negotiations between you and the seller until you are both in agreement.

 

Common conditions of sale

 

Along with the standard terms of the contract both buyers and sellers are able to insert further terms and conditions of sale. When writing in any special condition the key parts are who is going to do it; what are they going to do; when are they going to do it by; what standards will apply; what happens if it is not satisfied and who can waive it. Once an inserted condition has been satisfied notice will be provided to the other party usually by the solicitors involved.

A condition can be either satisfied or waived. If you have inserted a condition but it has not been met by the required date you can choose to waive that condition. If the condition is neither satisfied nor waived then the agreement will be terminated and any deposit paid by you shall be immediately refunded.

Some common conditions of sale are:

  • Conditional on sale of purchaser’s property

  • Conditional on sale of purchaser’s property becoming unconditional

Inserting these clauses allows you to sell your property before purchasing. Use the appropriate clause to allow you time to sell your property or for an existing contract of sale to become unconditional in all respects.

  • Conditional upon Finance

  • Conditional upon obtaining Solicitor’s Approval of the Contract

  • Conditional upon obtaining a Builder’s Report

Each of these conditions should be clearly worded and the dates for confirmation made clear.

 

Paying the deposit

 

Once all parties have signed the contract you will be asked to pay a deposit.

Before settlement your solicitor will undertake the necessary searches with respect to the property and your financier will prepare the mortgage documentation.

On settlement your solicitor will exchange with the seller's solicitor:

  • Monies

  • Transfer documentation

  • Keys to the property

Possession of the property usually takes place on the settlement day although the seller and buyer can agree for these dates to be different.

Investment Property

Commercial vs Residential

Buying at Auction

Protect Your Boundaries

Knowing Your Property Lines Matters