Purchasing a new home is likely to be the largest investment you will make in your lifetime, and it can be both an exciting and a daunting experience. Having a real estate team with 40+ years of combined experience in the Okanagan market in your court, can make the process smoother.
Our dedicated buyers’ agents have extensive knowledge of Kelowna, West Kelowna, Lake Country and Peachland real estate. At The Mayne Brothers, we ensure that you will receive the highest level of professionalism and expertise from our Kelowna REALTORS®.
We know that the Okanagan Valley is a lovely place to call home. We possess a comprehensive knowledge of Kelowna neighbourhoods, their schools, and nearby amenities, ensuring that you are exactly where you want to be.
We have generational knowledge of the local market.
When working with a buyer, we solely work in their best interest.
We are held by our code of ethics to ensure loyalty and complete confidentiality.
We always make sure you are kept in the loop.
We understand and listen to what you need in a home.
We have helped countless buyers find homes and investment properties. We have simplified our process to make buying easier.
We know that finding your home starts with understanding your budget. Once we know exactly what you are looking for, we can narrow down the search.
We help you find the home you want, by optimising your search, accompanying you to viewings, and help you understand the fair market price for any home you are interested in.
We ensure that your legal team has all the information and paperwork they need to close the deal. Once the paperwork is done, we will be there to hand you the keys to your new home.
There is so much to do in Kelowna & West Kelowna to keep you busy all year round, and that’s why it is one of the fastest growing cities in Canada.
No, but many buyers choose to use one because they can provide expertise, access to properties, and guidance through the buying process.
The Property Transfer Tax (PTT) in BC is a tax paid upon the transfer of real estate. This is the current as of March 5, 2024.
Further 2% on residential property over $3,000,000
If the property has residential property worth over $3,000,000, a further 2% tax will be applied to the residential property value greater than $3,000,000.
This is an additional property transfer tax applied to foreign entities or taxable trustees. The rate may vary, but it’s important to consult current regulations or an accountant for exact details.
Once you remove all subjects/conditions and the deal becomes firm, backing out usually has consequences, often the forfeiture of your deposit. Always consult with a legal professional about contractual obligations.
Closing costs usually range from 1.5% to 4% of the purchase price. This includes items like the Property Transfer Tax, legal fees, adjustments, and more.
While not mandatory, it’s strongly recommended to get an inspection for peace of mind and to uncover potential issues with the property.
Strata properties are like condominiums where you own your individual unit and share ownership of common areas. There are monthly strata fees and specific rules (bylaws) owners need to follow.
Typically, buyers get pre-approved first to understand their budget. After making an offer, they finalize the mortgage with their lender. This includes providing documents, finalizing terms, and setting up payments.
No, there isn’t a standardized cooling-off period for resale homes. However, there may be a rescission period for new homes directly from developers.
With regards to this – there is only a rescission period and that is 3 days from the date of acceptance and there is a financial penalty of 0.25% of the purchase price if the buyer backs out of the offer prior to the 3rd day.
From the website Also known as the “cooling-off period,” this measure will give homebuyers up to three business days to rescind an offer on a home after the offer has been accepted.
The seller may choose the most attractive offer based on price, conditions, and other factors. It’s possible to be in a “bidding war” where buyers may increase their offers to outbid others.
Whether you are buying, selling, or just looking for some insight on the market, contact The Mayne Brothers by completing the form below or call us at 250-860-0303
E. & O.E. The information contained herein is assumed to be correct but is not guaranteed by the listing agent or publisher & should be verified.
All measurements are approximate and should be confirmed if important.
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