I am here for you
Buying a home is one of the largest financial transactions you will make in your life, so there are many important questions to consider when purchasing a home. A CENTURY 21® REALTOR® goes beyond the transaction and will be there with you every step of the way. Trust the experience of a CENTURY 21 Realtor to help you find your dream home.
I am here for you
Buying a home is one of the biggest financial decisions you'll ever make, and there’s a lot to think about along the way. As a CENTURY 21® REALTOR®, I'm here to guide you through every step of the process — not just the transaction. You can count on my experience and commitment to help you find the perfect place to call home.
Supporting you every step of the way
If you're buying, I can enhance your search process by helping you uncover what you may not have considered. Whether it is schools, lifestyle, or the investment value of the property. Using our property search tools, you will be able to find the home that best meets your needs. Finally, with the knowledge of the market, real estate expertise and negotiating skills, I will help you get the best possible deal and handle all the critical details.
Featured listings
Featured listings
HOME BUYER'S GLOSSARY
AMORTIZATION PERIOD
Amortization
The process of gradually paying off a mortgage over time through regular payments that cover both principal and interest. In Canada, the maximum amortization period for an insured mortgage is typically 25 years.
Appraisal
An independent assessment of a property's market value, often required by a lender before approving a mortgage.
Closing Costs
Expenses in addition to the purchase price of a home, such as property transfer tax, legal or notary fees, title insurance, and adjustments for utilities and property taxes.
Completion Date
The date when the legal ownership of the property is transferred to the buyer and the purchase funds are paid to the seller.
Contract of Purchase and Sale
A legally binding agreement between the buyer and seller outlining the terms and conditions of the property purchase.
Deposit
A sum of money paid by the buyer after the offer is accepted, showing good faith. It is usually held in trust and forms part of the down payment.
Down Payment
The amount of money a buyer puts toward the purchase price of a home, with the balance typically financed through a mortgage. In Canada, a minimum of 5% down payment is required for homes under $500,000.
Equity
The difference between the market value of your home and the amount you owe on your mortgage. As you pay down your mortgage or as your home’s value increases, your equity grows.
Fixed-Rate Mortgage
A mortgage with an interest rate that remains the same throughout the term of the loan, offering predictable payments.
Home Inspection
A professional evaluation of a property's condition, recommended before finalizing a purchase to identify any issues or needed repairs.
Land Title Office
The government office responsible for registering legal documents related to property ownership in BC.
Mortgage Default Insurance
Required if your down payment is less than 20% of the purchase price; it protects the lender in case you default on your loan. Provided by companies like CMHC (Canada Mortgage and Housing Corporation).
Mortgage Pre-Approval
A lender’s confirmation that you qualify for a mortgage up to a specified amount, based on your income, credit, and financial background.
Offer
A formal proposal to purchase property that includes the price and any conditions (such as financing, inspection, or sale of another property).
Property Disclosure Statement (PDS)
A document completed by the seller that discloses known defects and issues with the property, providing transparency to the buyer.
Property Transfer Tax (PTT)
A provincial tax payable when a property changes ownership in BC. First-time home buyers may qualify for an exemption under certain conditions.
Strata
A form of ownership where individuals own their unit and share ownership of common property, such as hallways, roofs, and amenities (common with condos and townhomes). Strata fees apply.
Title
The legal ownership of property registered at the Land Title Office.
Trust Account
Funds, such as the deposit, are held in a lawyer’s or REALTOR®'s trust account until conditions are met and the transaction closes.
Underwriting
The lender’s process of reviewing the buyer’s financial information and the property details to approve the mortgage application.
Neighbourhood News
Want insight into a particular neighbourhood? Fill out the form to get started.
Take the next step in your journey
I look forward to working with you and helping you reach your home ownership goals. Reach out to get in touch and start the process today. I offer:
CENTURY 21 Assurance Realty Ltd.
INFO & SERVICES
CENTURY 21 Assurance Realty Ltd.
251 Harvey Avenue, Kelowna, BC V1Y6C2
(250) 869-0101
INFO & SERVICES
Independently Owned and Operated. ®/™ trademarks owned by Century 21 Real Estate LLC used under license or authorized sub-license. © 2020 Century 21 Canada Limited Partnership © 2020 Century 21 Canada Limited Partnership
The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR ® , REALTORS ® and the REALTOR ® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license. This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association. Not intended to solicit properties currently listed for sale or buyers under contract.
Century 21 Canada Limited Partnership currently has franchise opportunities available in select markets across Canada. The intent of this communication is for informational purposes only and is not intended to be a solicitation to anyone under contract with another real estate brokerage operation. This e-mail message contains confidential information intended only for the use of the individual or entity named above. Any unauthorized use or disclosure is strictly prohibited. If you have received this communication in error please immediately delete the e-mail and either notify the sender at the above e-mail address or by telephone.
© 2025 MoxiWorks
