• Phone:  604-328-0077

Why Buy with Maggie

Vancouver Home Buying Process

In order to help you find exactly what you want Maggie will review the below items with you and brings a history of hyper-local experience to the table.


Your search process will be made easier if you begin by sitting down, making a priority list and number them one to ten. If there are two of you then both of you should make a list and then amalgamate them. This will help you to focus on what is most important to you when looking for a property. Here are items that will be on your list

Price - what mortgage payment are you comfortable with?

Size - how many bedrooms do you need? Approximately what square footage? Number of levels? Basement?

Home characteristics - if you're buying a house, how many levels do you wish? how many bedrooms? is a basement necessary? what size lot? if you're buying a townhome, do you wish a duplex where you only have one neighbour or is a row of townhomes acceptable? if you're buying a condo, how many bedrooms? view? amenities? are pets and rentals important? or maybe you like lofts? hirise or lowrise? outdoor space? parking/locker?

New home or older home - new homes or more expensive. Older homes often need renovations. Are you prepared to renovate? Do you have the funds to do this or will the bank lend them to you? New homes are HST applicable.

Type of property- house, townhouse, duplex or condo?

Neighbourhood - determine your lifestyle and what kind of neighbourhood you're looking for. Is it well maintained? Does it have public amenities? What is the demographic - students, seniors, singles, families? Public transportation? Do you wish to be able to walk everywhere? Check out Walkscore.

Seller's or Buyer's Market - Timing is everything in real estate! Educate yourself about the market. Are you a buyer in a buyer's market or a buyer in a seller's market? This will determine how you position yourself in the market. In a Seller's market the demand exceeds the supply and you will have to make fast decisions, strong offers and maybe pay above list price. In a Buyer's market the supply exceeds the demand, you have more time to search for the right property and more time to make an offer and negotiate a good price.

The Vancouver Market - Our beautiful city is consistantly voted the Most Liveable City in the World! The market attracts investment from around the world and immigration into the City is strong. As an experienced realtor with decades of knowledge about the Vancouver real estate market, Maggie can advise you about neighbourhoods, property types and values.


Consult your bank or a mortgage broker to find out what you can afford. You will have to decide on the amortization period (time it takes to pay off the mortgage), the term (how long you contract with the lender at a specific rate) and the type of mortgage.

Conventional mortgages require 20% down. High ratio mortgage is when you have less than 20% down. If you have a low downpayment you will be required to have mortgage insurance, which is only available for proeprties under $1M. Longest amortization period is 25 years.

Fixed, variable and adjustable rate mortgages are based on interest rates.

Open or closed mortgages are based on payments.

Contact Mortgage Broker Alma Pasic for a pre-approved mortgage preferred@telus.net or 604-729-4611


  1. Types of ownership

Freehold - you own the land and the house. You may do renovations to the property but must comply with the municipal bylaws and building codes. Most condos are also freehold but you cannot make changes to the exterior or common property of the strata (gym, lobby) and will be required to pay a monthly maintenance fee which maintains the common areas .

Leasehold - the land is owned by a Native Band or the City of Vancouver or the Gov't of Canada. Sometimes the Developer prepays the land lease for 99 years. Sometimes there's a monthly or annual land lease payment. The term of the lease varies. Financing is more difficult to obtain on leased land.

Cooperative - You purchase shares in a corporation and they lease you back the right to occuply a specific unit.


  1. Your Time Frame to Purchase - discuss with your realtor your time frame to purchase and close the transaction A fast closing will require a different approach
  2. Finding Properties that match your Critera - you can either subscribe yourself to a listing search or Maggie can do it for you, once you give her your criteria. Then she will set up a Buyers Tour and select properties that match your criteria or you can select them yourself.
  3. Establishing a current market value - As your Buyer Agent, Maggie will provide you with current market conditions and provide information regarding the approximate value of the property being considered, based on current market conditions. This can be done with a Comparative Market Analysis (CMA) which considers the location, condition, neighbourhood, size, surrounding zoning, interior and exterior condition, views, specific features, distance to the waterfront and public transportation


  1. How do you make an offer - once you have select a property to purchase, Maggie will draw up a Contract of Purchase and Sale and present it to the Seller
  2. What are the subject clauses -before preparing the offer, Maggie will review all aspects of transaction with you, including financing cluase, deposits, documents required to be reviewed, property inspection, what's included
  3. What is the time frame - it depends if the seller is in town or not. Offers can be negotiated in 24 hours or sometimes it may take a week
  4. How does Seller respond - seller will accept the offer, reject the offer or counter the offer
  5. Multiple offers? In the event that the Listing Brokerage has more than one written offer to be presented, the follow­ing procedures shall be adhered to:
    • prior to any offer being presented, the Listing Brokerage shall inform the other Cooperating Brokerages involved of the existence of the other offers or counter-offers, without disclosing their specific terms and conditions, unless otherwise instructed by the seller in writing;
    • the Listing Brokerage should present each competing offer and counter-offer to the seller in the order in which they were received.
    • the Cooperating Brokerage submitting the offer or coun­ter-offer may be present, unless otherwise instructed by the seller in writing, only during the presentation of their particular offer or counter-offer and then shall withdraw from the premises but hold themselves avail­able while the other offers and counter-offers are being presented in a like manner;
    • the Listing Brokerage shall ensure that all offers and counter-offers are presented up until the time an offer has actually been accepted. Listing Brokerages are required to notify the seller of all offers up to the time of completion.
    • after all offers and counter-offers have been presented, the Listing Brokerage shall consult in private with the seller; and unless otherwise instructed by the seller the Listing Brokerage shall forthwith make the seller’s deci­sion known to all parties concerned. If requested by the Cooperating Brokerage such decision shall be provided in writing.


You will be required to remove all subject clauses and conditions from the contract by the subject removal date, in order for the deal to become firm and binding on both parties. The subject removal time is usually 5-7 days. Maggie will assist you in this process.

AFTER PURCHASE - Refer to Maggie's Moving Checklist


Once you and the seller reach an agreement, refer to Maggie's Buyer's Completion Guide to see what happens next.


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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.