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We are the experienced realtors you need to guide you through
the complexities of buying or selling a property in a rural area
like Salt Spring Island. Just some of the issues are: permits;
zoning; water; sewage; title; GST; insurance; strata; financing;
non-residency; tenancies, etc.
The following costs apply to Buyers when buying in British
Columbia:
B.C. Property Purchase Tax:
This tax applies to every property purchase except for certain
1st time Buyers. This tax will be collected and remitted to the
B.C. government by the conveyancing (escrow) lawyer at the rate
of 1% to $200,000 and 2% on the balance of the purchase price.
Goods & Services Tax:
This federal tax, payable on all newly created building parcels,
new homes, and certain properties held for resale, is calculated
at the rate of 7% on the purchase price and is collected and remitted
to Revenue Canada by the conveyancing (escrow) lawyer. Most properties,
particularly homes, on Salt Spring, will not be subject to GST.
Conveyancing (Escrow)
The Buyer is responsible for paying all legal costs except for
any legal costs incurred to pay out an existing mortgage (Seller
pays); for legal advice given to the Seller and witnessing the
Seller's signature. Buyers and Sellers generally retain different
lawyers.
Who is working for whom and who pays the commission?
Almost all property listings are offered on the MLS system. That
allows all realtors to show the property to a prospective Buyer.
Usually, Sellers pay the listing and selling commissions out of
the proceeds of the sale. Realtors can, alternatively, act as
a Buyer's Agent (for a fee) or Seller's Agent (for a fee), under
the terms set out in the British Columbia Real Estate Act. The
"Agency Relationship' is explained in a brochure called "Working
with a Real Estate Agent" reproduced here with permission
from the B.C. Real Estate Association. Both the listing and purchase
contracts refer back this brochure.
Sellers:
We would be happy to prepare for you a comprehensive market evaluation.
No other local realtors do market research and track trends like
we do! At no extra cost to you, we offer more marketing tools
than any other local realtor: multiple websites; the only Real
Estate Hot Line on SSI; full colour brochures and print advertising;
virtual tours; regular feedback and service like you have never
experienced in real estate!
Let us be your realtors:
Buyers: it is in your best interest to choose a
realtor with a long track record of excellence; one who knows
the local market and writes strong contracts. No local realtors
know the market better than we do. We offer you over 30 combined
years of award winning real estate experience - MLS Gold and RE/MAX
Platinum! It is our legal responsibility to introduce you to every
suitable property available and to ensure that you do not, unknowingly,
overpay. Ask to be added to our "Property Match" system of notifying
prospective Buyers immediately of new listings. If you are non-resident
in Canada and wish to buy property, please read information for
non-residents.
Sellers: we will help you prepare for the market
and show you how you can avoid some conditions on the offer you
will receive. We will market your property using leading edge
technology and old fashioned caring service to get you the best
price possible. If you wish to sell your property and you are
non-resident in Canada for tax purposes, please read information
for non-residents.
Salt Spring Island Properties:
Offered for sale are building lots and acreages, cottages, homes
and farms with lake or ocean views, lakefront and oceanfront,
plus businesses and commercial properties. Most Island properties
are serviced with paved roads, electricity, cablevision, telephone,
internet, piped water or well, septic or sewer. We will counsel
you on the costs of developing rural properties including hydro,
septic, road building and construction. There are excellent local
trades people for every phase of the building or reno process.
Information for Homeowners:
Caring for your Septic System Information Package
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"As first time buyers on Salt Spring Island,
we had no knowledge of the market or area. Donna was so helpful
in all aspects of our needs and what we wanted. We were happy
with her service and personal attention which concluded with our
purchase. We would recommend Donna to anyone seeking property
on Salt Spring Island."
"Even although Kelly is relatively 'new' to the profession, she presented herself and performed very professionally in being the agent for our townhouse purchase. That was the easy part! As with all deals of this nature, there is follow-up and promises to be kept, and this is where Kelly did a great job. She has a promising future in the real estate industry!"
T.P.
"I appreciated Donna's approach to assisting me in assessing the appropriate listing price for my home. As a serious seller, I wanted to ensure my home was priced properly. The fact that my home sold after being listed for only one week showed that it was priced appropriately and that I had chosen a realtor who knows how to market houses!"
M.G.
"Kelly's knowledge and skills made us feel like we were in good hands through the whole process..."
K.B.
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