Real Estate. Buyer s Handbook. Coast RealtyHornby. Donna Tuele Coast Realty Group, Ringside Market, Hornby Island

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1 Coast RealtyHornby Real Estate Buyer s Handbook

2 Contents As A Realtor As Your Realtor As the Purchaser My Commitment Pre-Purchase Costs Completion Costs You found the one you want to buy Accepted Offer Contact Information & Testimonials

3 As a Realtor The term REALTOR is a trademark identifying real estate licensees in Canada who are members of The Canadian Real Estate Association (CREA). REALTORS adhere to a strict Code of Ethics and Standards of Business Practice. The code of ethics is a firm set of rules, describing what kind of performance you have a right to expect from a REALTOR. It is your guarantee of professional conduct and the best in service. REALTORS have their finger on the pulse of the housing market and are in daily contact with buyers potentially interested in your home or property. You can trust a REALTOR to protect your interests and to look after details. And all the while, you're an active partner in the process, working with a REALTOR, every step of the way. So the more you know about buying and selling homes, the better your working relationship with a REALTOR. A REALTOR s commitment to high standards of professional conduct works to the advantage of buyers and sellers alike. They are knowledgeable about developments and trends in real estate and will get you the facts: comparable prices, neighbourhood trends, housing market conditions and more. A REALTOR is committed to ongoing education to increase competence and effectiveness in real estate trading. Every REALTOR has been trained and tested. And Realtors are bound by a strict Code of Ethics and Standards of Business Practice that ensure fairness to all parties in a transaction. A REALTOR's pledge is to be honest in disclosing property information and forthright in providing the facts needed to help you make one of the most important decisions of your life. Donna Tuele, Coast Realty Group, Ringside Market, Hornby Island

4 As your Realtor Donna Tuele: My goal is to provide professional service, with the highest integrity. I will work hard to help you find the right home or property, bringing my passion for Hornby combined with my experience as the top selling real estate agent on Hornby Island since I will. Provide you with facts about the Hornby real estate market, local zoning, services and other related items. Identify desirable properties to acquire and will do preliminary investigation and timely information gathering. Add you to my contact list, whereby you will receive an showing new listings, price adjustments and recent sales. Please call or if you have questions about any property. Show you properties and homes as often or as many times as required. I am able to show all listings listed through the MLS whether they are listed by me or another realtor. In addition, I develop relationships with for sale by owners and will advise you about any of these, or exclusive listings. Guide you in learning about wells/water sources, septics/composting systems, land use bylaws or other items unique to Hornby. Give you an estimate of the costs you need to cover in purchasing. Continued...

5 As your Realtor Prepare a legally binding offer to purchase and I will recommend what subjects are required to ensure we have done our due diligence. Negotiate on your behalf and guide you through the negotiation process. Assist you in contacting and organizing building, septic or water inspections, appraisals and insurance quotes. Represent you at all inspections if you are not able to be present when the inspectors are on site. Pickup keys and check your house with you or on your behalf at possession time. I live, work and play on Hornby, I am well versed with services offered by contractors or individuals that work here. I am here to assist you before and after your purchase and for many years to come. You will get my complete loyalty as I take my profession as a Realtor very seriously. I am currently the only Realtor living on Hornby that is dedicated to working only as a Realtor.

6 As the Purchaser To assist me in helping you find your dream home, cottage or property: Help me by providing me with information about what you are looking for and what is important to you. Help me by not hesitating to ask to see properties listed by other Realtors, For Sale by Owners or most importantly to see properties as many times as required. Never feel awkward about asking me to show you properties. I fully understand that this is required. Be pre-approved for financing, so we can be looking at properties that are within your reach. Communicate to me if your criteria changes. Quite often buyers evolve and realize that some things are important and others things might not be. For instance you might have originally said only show me a certain type of property but now are ready to look at something different. Sign an agency acknowledgement which allows me to legally work with you as well as other sellers and buyers. Without an agency agreement, in the true law of agency, an agent may work only with one buyer or one seller. Understand that I am here to work hard on your behalf and to know that you can count on me through the complete process both before and after you purchase. Advise me if you decide to work with another Realtor.

7 My Committment My Commitment To You! I will use my expertise and work to the best of my ability to provide efficient and effective real estate services. I will strive for excellence, commitment and dedication to you as my client. I am a highly motivated professional, dedicated to being the best that she can be. Through honesty and openness I establish a winning relationship with my clients. With honesty and integrity I will implement my knowledge and resourcefulness to provide dependable results. I am sensitive to my clients needs and committed to their satisfaction. I recognizes the value of repeat business and client referrals, and I will work hard to provide you with a service that you would be proud to recommend to your friends and family.

8 Pre-purchase Costs The following are costs that may be associated with purchasing a home, cottage or property on Hornby Island: Prior to subject removal: Inspections: Building Inspection Costs range from $ up depending on the number of buildings on the property. Building Inspectors in the province of British Columbia require certification. Approximately $ to $ Wood Stove Inspections (WETT) are often required by insurance and it is wise to have any wood burning devices inspected. Some building inspectors are certified and can do this with the building inspection. Approximately $ to $ Septic Inspection is important to have completed as this may be an expensive item to have repaired. Approximately $ to $ Water quality tests should be completed. Tests range from only coliform up to extensive analysis. Approximately $50.00 to $ (not including technician to take sample) Property Boundaries it is wise to know where the property pins and boundaries are located. This can vary in cost greatly depending on who does this for you. Title insurance is generally an accepted practice to protect the lender and the owner.

9 Completion Costs The following are additional costs that may be associated with completing the purchase a home, cottage or property on Hornby Island: British Columbia Property Transfer Tax 1% on the first $200, and 2% on the balance. First time buyers may be exempt. Lawyer or Notary fees, It is recommended that you always get quotes from at least three conveyancers. Conveyance fees very depending on how busy the supplier is and whether a mortgage will be registered. Title Insurance Is often required by a lending institution in place of a site survey which are usually not available. Title insurance will cover a number of conditions that may not discovered prior to purchasing. I recommend that you have title insurance and that you pay the additional fee to insure yourself as well (approximately $ in total). Usually purchased through your conveyancer. Home Insurance Can vary in cost and is required by the Lender. If you own another home, always check with your existing supplier or if you require a list of local companies, I can supply this.

10 You found the one We work together to determine the best strategy for your offer., this is an exciting time and I am here to guide you through this process: Items that will be discussed How much to offer and the different aspects of negotiations? How much of a deposit and when is it required? When you would take possession? What subjects should be put into the offer? When I write offers for Buyers it is important to me that they know what they are buying and if they protected in case it isn t what they expected. It is my preference to due our complete due diligence. Property Disclosure Statement Building Inspection Insurability Boundary Confirmation Easements/Building Schemes Title Septic Inspection Water Quality Items included Financing

11 Accepted Offer An even more exciting time and. As before, I am here to guide you through this process: You will receive a check list with pertinent dates & information. When & where you make your deposit. Provide you with copies of all documentation including titles, title encumbrances, property disclosure statements, etc Building Inspectors & Septic Inspectors, who are the approved inspectors that will work on Hornby Island. I will provide you with a list and if you need assistance can assist in arranging the inspection. I will, if possible, be present during your inspections to represent you. Water tests, I have sampling bottles available for delivering water to North Island Labs. I will direct you to the information required to determine which test will be the best one for you and will facilitate this process or direct you to a water technician. Mortgage & Appraisals, I will share information that could save you money during this process and be present if possible during appraisals Discuss using a notary or lawyer to complete the conveyance and if required provide you with a list of local conveyancers. Guide you through the process of reviewing our subjects and final removal when you are satisfied. Make sure all documents are completed as required by the Offer. Ensure your conveyancer receives all pertinent documentation once your offer become subject free

12 Testimonials SK, bought home through Donna Tuele We could not have improved our real estate experience. Donna was excellent in all facets. I would recommend her with an absolute guarantee that she would provide excellent service. TM, bought home through Donna Tuele Exceptional service, attention to detail and a great resource. Donna made our move to Hornby a great experience! DG, bought and sold home through Donna Tuele I have worked with Donna since she started because she is the best on Hornby Island. She does everything right! I always tell people to call Donna AR, bought home through Donna Tuele Donna was friendly and honest and always available when we needed her. JW, bought and sold home through Donna Tuele Donna Tuele, she is the best! SM, sold home through Donna Tuele The experience was excellent, professional, well informed, supportive & transparent.

13 Thank you Thank You For This Opportunity! Thank you for allowing me to present myself to you. The information provided here is intended to help you make a very important financial decision. You are considering buying one of the largest assets you may own. For very little of your time, I would like you to evaluate what I can do for you. The Realtor that you choose to work with should be an expert in the market you are buying in. I consider myself to be a specialist in the Hornby market. As the top producing realtor on Hornby Island since 2004, I have a proven track record of assisting buyers and sellers.. I want to help make this a pleasurable experience. I trust the following provided will help you make this decision. Sincerely, Donna Donna Tuele Coast Realty Group Hornby Island, B.C.

14 Contact Information Donna Tuele Coast Realty Hornby Hornby Office/Pager Local Toll Free Fax Donna s Cell Cell Donna@HornbyIslandRealEstate.ca Web Site Office Location Coast Realty Hornby Ringside Market P.O. Box 8 Hornby Island, B.C. V0R 1Z0