A Guide to Buying a House with the Bryce Hansen Team

Introduction

Embarking on the journey of buying a house in today's dynamic real estate market requires not only a comprehensive understanding of the broader market trends but also a localized approach that considers the unique aspects of specific regions. In this blog post, we'll delve into the nuances of purchasing a home in the picturesque Comox Valley, while highlighting the expertise of the Bryce Hansen Team—a trusted partner for those navigating the real estate waters in this Vancouver Island gem.

Comox Valley Real Estate Landscape

Nestled on the eastern coast of Vancouver Island, the Comox Valley boasts a diverse real estate market characterized by stunning natural landscapes, a…

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Contrary to popular belief, as the buyer in a real estate transaction, you do not actually pay a real estate sales representative’s commission. The real estate agent actually earns a percentage of the brokerage commission, which is laid out in the purchase contract and is calculated from the price of the house. This commission is paid for by the person who is listing their home for sale. Essentially, you get the support and knowledge of a buyer representative for free – which is a great reason to utilize a REALTOR® when you’re looking to invest in Comox Valley real estate.

If the aspect of their professional services being free to you as a buyer isn’t enough to influence your decision single-handedly, here are five more reasons a real estate…

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On July 1st, 2020 The Canadian Housing Mortgage Corp. (CMHC) executed their announcement to change the borrowing rules for homebuyers. If you’re in the market to purchase Comox Valley real estate and especially if you’re a first time home buyer, you’ll want to review these changes that may have impacted you directly. Here’s a closer look at the CMHC changes – and some tips to help you get organized for obtaining a mortgage pre-approval:  

 

Understanding Debt Ratios
Gross Debt Servicing Ratio (GDS) and Total Debt Servicing Ratio (TDS) are the two key metrics used to qualify you for a mortgage. GDS is calculated by totaling your estimated housing costs and dividing it by your gross annual income. TDS is calculated by totaling your GDS with other…

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We’ve all heard the horror stories that can happen if you don’t do your homework when choosing a trades professional. Like the contractor that demoed a kitchen, never to be seen again; or the pool company that accepted a homeowner’s deposit but keeps pushing back the installation date.

We want to make sure these disasters don’t happen to you when you’re looking for assistance with those big renovation projects around your home. Use these 5 tips to help you find the best trades professionals in the Comox Valley that can help with your home renovations – and increase the likelihood of your complete satisfaction!

 

All in Good Time
One of the biggest considerations when hiring professional trades companies is your timeline. Do you need the project…

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It’s no secret that homes with attractive curb appeal command higher asking prices and spend less time sitting on the market. With so many ideas on the internet to boost your home’s curb appeal, you may be wondering which projects pump up your real estate’s value best? Though there aren’t specific values connected to certain improvement projects, here are some of our favourite financially-savvy ways to boost your home's equity with a little summer upgrade;

Squeaky Clean
Before you make the decision of whether or not to paint the facade of your property, turn to the tried and true method of a deep clean of your exterior with a pressure washer or some good-old-fashioned elbow grease. A bucket of hot soapy water and a long-handled bristle brush will likely…

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The B.C. government has continued to reassure renters they will not be evicted if they cannot pay rent during the state of emergency related to the novel coronavirus (COVID-19). As you may be aware, it was announced on March 25, 2020 that the Province of British Columbia has halted evictions during the COVID-19 crisis. Though some support is being offered, it’s leaving tenants and landlords both posing questions of what the future holds in the Comox Valley and beyond. Below is some basic information to clarify the support available with additional links for extended funding education; 

A Temporary Rental Supplement (TRS) is currently available, offering up to $500 a month to help renters pay part of their rent and help ensure landlords continue to…

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Not all real estate transactions are created equally. Some moves happen by choice in effort to acquire more space for a growing family, or to downsize when the empty nester era sets in. In other circumstances, a real estate transaction must take place because of a job transfer, death in the family, divorce or other monumental life change.

If you find yourself having to move during these times, you’ll want to ensure more than ever that you’ve hired the best professionals to stand in your corner. Among your team of professionals will be a mortgage lender, a real estate lawyer/notary and a trusted Comox Valley Real Estate Professional. By building your very own team of experts you can ensure your important questions are answered by industry specialists,…

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Beautiful Cumberland home with a mortgage helper will help pave the way for you and your family. The suite is legal and is located over the garage, and has its own yard. The home has a bright open concept with the kitchen and family room leading out to the patio. The upstairs design has the laundry adjacent to the bedrooms and features great separation from the suite over the garage. The suite has its own entry and makes this home very affordable. 

 

Beautiful Cumberland home with a mortgage helper will help pave the way for you and your family. The suite is legal and is located over the garage, and has its own yard. The home has a bright open concept with the kitchen and family room leading out to the patio. The upstairs design has the laundry…

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This 2 bedroom, 2 bathroom luxury condo is one you will not want to miss if you are looking in the Campbell River Market. This unit is an end unit, giving you that added privacy, ocean views, and the unit features the biggest walkout balconies in this complex. Enjoy the luxury of having beautiful quartz counters throughout along with 2 bedrooms, a den and 2 full bathrooms, one of which is a gorgeous 5 piece ensuite with large soaker tub and separate shower stall. Situated in a gated community, just a short drive from downtown Campbell River.

 

 

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This 3 bedroom, 2 bathroom condo is a top floor corner unit with mountain views. This updated unit has lots of windows giving you that bright daylight right feeling in almost every room. This is a well-maintained building. A desirable, quiet East Courtenay location at the end of a cul-de-sac. This condo has an open plan between the living room, dining room and has a bright kitchen. This is an ideal unit for first time home buyers or investors. Close to all amenities including, CFB Comox, Costco, Home Depot, Thrifty Foods, parks, all levels of schools including North Island College, and the Aquatic Center. Don't think twice, call Bryce!

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