Salt Spring Island Real Estate
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Gulf Islands Sailing
Information for buying Gulf Island Real Estate

Toll free pager:
1.800.537.1201

Kelly Regen is the experienced realtor 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; HST; 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.

Harmonized Sales Tax:
This combined federal and provincial tax, payable on all newly created building parcels, new homes, and certain properties held for resale, is calculated at the rate of 12% 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 HST.

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.

Sellers:
Kelly would be happy to prepare for you a comprehensive market evaluation. No other local realtor does market research and tracks trends like Kelly does, as well as providing regular feedback and service like you have never experienced in real estate!

Let Kelly Regen be your realtor:
Buyers: it is in your best interest to choose a realtor with a proven track record of excellence; one who knows the local market and writes strong contracts. Kelly is a multiple award winning Realtor. It is her legal responsibility to introduce you to every suitable property available and to ensure that you do not, unknowingly, overpay. Ask to be added to the "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: Kelly will help you prepare for the market and show you how you can avoid some conditions on the offer you will receive. Your property will be marketed 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. Kelly 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

 

"Kelly presented herself 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!"

T.P..

 

"Kelly's knowledge and skills made us feel like we were in good hands through the whole process..."

K.B.

 

 

Toll free pager 1.800.537.1201

 

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