When it comes to buying a home here in British Columbia, people often have the misconception that you’ll need a hefty sum of money in order to buy a home. This particular scenario is not necessarily true. We’ll show you how to find a home with a nice price tag on it.
If you’re currently renting and you would like to stay at the same monthly cost, you can actually find a home for almost as much as you are paying for rent. But you’ll need to have the resources ready and available. One excellent place to search is at home auctions where there are foreclosure proceedings. Some US investors have properties here in British Columbia and have been forced to sell due to the subprime mortgage crisis. Most of these homes are vacant and bank owned. The bank does not want to keep the home and is often times eager to get rid of the home at a lower price rather than waiting for it to sell at market value.
Investigate the local areas of Vancouver, Burnaby, Surrey, Coquitlam, New West, Langley, Abbotsford and Chilliwack. When you see the signs that a home is for sale, simply call the agent. If it is a home that is offered For Sale By Owner, talk to the owner! Often times a FSBO listing will be less expensive than a home listed by an agent simply because FSBO’s do not have the proper tools to list their home at market value. They may have a situation where the owner may be forced to sell his or her house because of financial problem. In this case, you are able to negotiate a good price for it and get a good deal.
The internet is always a very good resource to look for bargains. Internet listings usually offer detailed descriptions, pictures, virtual tours and have the listed price made available. You can then check to see if this home is within your budget.
The most resources are made available to your local real estate agents in BC. If you don’t already have a real estate agent do some research and find a realtor that has an aggressive marketing campaign and at least 2 years experience.
Shane And Sheleana work together to educate home buyers and sellers in Burnaby. BC is a beautiful place! Find a Realtor who knows how to showcase it.
British Columbia Properties For Pennies
