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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 |
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"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.
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