First Time Homebuyers

Buying a home in Kelowna and Central Okanagan for the first time can be so exciting and it is a monumental decision in your life. Let Sharon Black help you through the whole decision making process and take away the fear and stress of buying a home. With over 30 years of experience, Sharon has moved a lot of people including families, property owners and investors, into a variety of dwellings, including homes, condo apartments, townhomes, acreages, investment properties and commercial properties. Many were first time home buyers.

There is a process to buying, especially for the First Time Home Buyer. The best place to begin is with a Buyer Counselling Session. Sharon offers every buyer a Buyer Counselling Session, which affords you both the opportunity to meet and get to know and understand each other. Buyer Agency Representation is built on trust on both sides. This session is very informative and covers prequalification for a mortgage, your needs, wants, affordability, the style and type of home you are looking for, and so much more! It can seem like there are so many obstacles to buying, but really it comes down to simple terms. Do you qualify? Do you have the down payment? Where do you want to live? Sharon really listens to your needs and wants and has a great system for breaking down what it is you are looking for and ensuring you stay within your budget and affordability. This is also a time saving exercise, sorting through the properties that are most favorable to what you are looking for and eliminating those properties that are not suited to you. By designating Sharon Black in a Buyer Agency Relationship, Sharon is able to provide you with invaluable information and it becomes her responsibility to represent the sole interests of you the buyer, as your Designated Agent.

Whether buying a home, dwelling, building, business or industrial venture Sharon Black can be of assistance. Often home buyers are emotional and purchasing with a budget in mind. Sharon Black and her team want to ensure you receive the best value for your dollar, no matter what type of property you are buying. Sharon Black brings a wealth of local real estate knowledge to the table for her clients. She keeps you grounded, using knowledge, education, and hard facts to ensure you are purchasing the property that meets your needs. When purchasing a home, it is the expert knowledge of the market area, a proficient knowledge of the inventory available and a clear understanding of what you are looking for that harvests the success shown in Sharon Black’s 30+ years of multiple award winning Real Estate service.

Sharon has the ABR® Designation, Accredited Buyer Representation and is also an instructor of other agents in this field. Sharon is passionate about finding the right home for her clients and excels at Buyer Representation. Her honed negotiating skills are a great asset, combined with her straight talk, honest approach to real estate. Sharon provides the ultimate buyer service, streamlining the buying process and customizing a service plan to meet your needs.

There are incentives offered by the Government of BC and the Canadian Government for first time home buyers, however you do need to qualify.

Home Buyer’s Plan – Government of Canada

Utilize your RRSP funds towards the purchase of your home. Do you qualify? Learn more about this program here: http://www.cra-arc.gc.ca/hbp/

First Time Home Buyers' Program – Province of British Columbia

The First Time Home Buyers' Program reduces or eliminates the amount of property transfer tax you pay when you purchase your first home. If you qualify for the program, you may be eligible for either a full or partial exemption from the tax.

If one or more of the purchasers don’t qualify, only the percentage of interest that the first time home buyer(s) have in the property is eligible.

For example, if you qualify and purchase a property with a fair market value of $400,000 with a person that doesn’t qualify you would still qualify. If you owned a 60% interest in the property, 60% of the tax amount would be eligible for the exemption.

Learn more about this program here: http://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax/understand/first-time-home-buyers