Frequently Asked Questions
Glossary
First Time Home Buyer Links
Helpful Links
How can Okanagan Home Buyer Services provide all of these services at no charge to the Home Buyer?
The best part about working with Okanagan Home Buyer Services – besides the convenience, protection, and efficiency – is that you don’t pay any fees! What does this mean and how do we do it?
Real Estate Agent
Most sellers will list their home for sale through a real estate brokerage. As a term of this agreement, it is typical that the seller agrees to pay a commission to the buyer’s real estate agent upon completion of the transaction. That way you get great service from our real estate agent without having to pay a thing!
Mortgage Broker
At Okanagan Home Buyer Services, our mortgage broker is paid a commission from the lender. This means that you get a mortgage that best suits your financial situation without having to pay our mortgage broker to find it for you!
Lawyer
When you engage a lawyer, there are two components to any legal bill: disbursements and fees. Disbursements are the costs that a lawyer has to pay to obtain information on your behalf. For example, a lawyer is charged when he or she obtains a State of Title Certificate from the Land Title Office. This nominal charge is then attached to your legal bill. The second part of a legal bill comes in the form of a lawyer’s fees. This is the money charged to you as a client for the lawyer’s time, knowledge, and services. Generally, a lawyer’s fees correspond with the lawyer’s expertise and the complexity of the transaction. However, with Okanagan Home Buyer Services, our lawyer’s fees are paid by our real estate agent and mortgage broker when you complete your home purchase! As a result, you get legal protection throughout your home purchase, without having to worry about our lawyer’s fees!
Glossary
Full Glossary
Legal Terms
Mortgage Terms
Real Estate Terms
First Time Home Buyer Links
Real Estate Law Group
Venture Realty Corp.
BC First Time Home Buyer Property Transfer Tax Exemption
Real Estate Council of BC
Canadian Mortgage and Housing Corporation Home Buying Guide
