Is it a good time to buy real estate?
Thinking about buying a home or investment and have questions about the market? You are not alone. This is the number 1 question I am asked as one of Vancouver’s most active Realtors. This is why I have created a completely transparent Real Estate Market Update page. No sign ups or registrations needed. Just follow the link below. I want my client’s to know what I know so we can work together to achieve your real estate goals.
Watch Leo talk multiple offers
What can you expect when buying with Leo
Buying a home or investment can and most likely will be one your biggest financial investments. Working with a Realtor who has experience, knowledge and 24/7 availability is integral during the process.
As a Top Vancouver Realtor focused on your goals and with over 10 years experience, Leo will be there every single step of the way. Buying a home or investment in Vancouver is a complex and detailed orientated task that requires extensive industry and market knowledge. There are extra steps and processes in place which may be challenging for client’s to navigate. Leo has the experience to guide your sale and make sure you are protected and 100% happy every step of the way.
“Helping my clients find the perfect home and/or investment is my passion and I look forward to seeing the family grow in the new home or watching their investment grow over the years.”
“Everyday I meet new clients looking to sell their properties because they had purchased it with an inexperienced realtor. They did not know about building flaws, skipped an inspection, did not read the documents properly or were unaware of the less savoury details of a location. I know how frustrating that can be and make it my priority to be more than thorough when assisting a client in buying a Vancouver home. I insist on complete transparency so you know before you buy. This is why I make myself available 24/7 during the buying process as I know questions can come up at all hours!”
My results speak for themselves. To see comments of past and current services simply “Google” Leo Wilk and see reviews on Google+, Facebook and Yelp! Or see my client testimonials here.
Leo has been a member of The Real Estate Board’s Medallion club since 2013 which recognises the industry’s Top 10% of Greater Vancouver Realtors (based on homes sold). With over 10 years of Real Estate experience in Greater Vancouver Leo is guaranteed to have detailed knowledge of the building, home or location you are interested in.
Leo has all the resources one will need when buying in Vancouver from lawyers to renovation experts, and can help you every step of the way. With amazing relationships with Vancouver’s most experienced inspectors, Real Estate Lawyers and a Mortgage Specialist who works just as much as I do, you can feel safe that you are in the best hands! Here is a list of my top Real Estate Resources.
Buying Vancouver Real Estate: The Process
Step 1: Getting pre-approved for a mortgage
Getting pre-approved / pre-qualified for a mortgage is an integral part of buying Vancouver Real Estate. Without a loan, it is nearly impossible to buy. This quote will help us understand what you can afford and help narrow down properties based on these numbers. There will be many questions about the mortgage and having an experienced broker or banker is integral. To see my top mortgage brokers see my resource page.
Step 2: Finding a home
This is where the fun begins! First we meet in person, input all your buying criteria into our MLS system which is much more detailed compared to the public sites available to you. We narrow down specifics such as rental restrictions, outdoor space, pet restrictions, size, price, locations and much more.
After that, we hit the road for some private viewings, open houses and go over all the information again in person. At this point we start to narrow the results down to your preferred homes in preparation for an offer. Finding the home or investment that is perfect for you can take a few days, weeks or even years. You will at no point feel pressured to purchase or make a quick decision. I am available to you as long as it takes!
Step 3: The offer
Now that you have found the perfect property, we make an offer. The contract of purchase and sale includes the price, closing dates, subjects/terms and much more. Negotiations can take a few hours, days or in extreme cases weeks. By this time you will be fully prepared to offer as we have already reviewed the contract in detail and be aware of your conditions and those of the seller.
Once an offer is accepted by the seller we have the bank sign off, hire an inspector, prepare your deposit and read up on strata documents if you are buying in a condo or town home development.
If everything goes smoothly we then “remove subjects”, meaning you have legally agreed to buy the home! Time to decide on a lawyer or notary to finish the process.
To watch some tips on multiple offer situations see the video above to see how it works.
Step 4: Closing time and moving in!
3 to 7 days before closing you will meet with a lawyer or notary you have hired to finalize the purchase. The lawyers will handle the transfer of the property title to your name and of course all the financials. Once all that is complete, we get you the keys on your possession date, inspect the home to make sure it is in the same condition we agreed on and you can now start enjoying your new home or investment!
After you are all moved in I will always be available for you 24/7 with any questions you have about the home. Whether you are considering renovations, wondering about rental rates or thinking about refinancing I am always available to offer advice.