JEREMY ROBERTS
VANCOUVER ISLAND – For business owners, every investment is strategic. Buying a home is no exception. In the whirlwind of running a company, it’s easy to overlook the complexities of the real estate market. That’s why having a professional on your side is so helpful. Let’s start with a realtor.
Why Work with a Realtor?
- Market Expertise: Realtors know the local market inside and out, helping you spot opportunities and avoid pitfalls.
- Pre-Approval Power: They can guide you through getting pre-approved, so you know your buying power before you start shopping.
- Streamlined Financing: Realtors expedite the process, ensuring financing conditions are met quickly and efficiently.
Broker vs. Financial Institution: What’s Best for You?
- Broker Advantage: Mortgage brokers do the legwork, comparing rates and terms across lenders.
- Credit Union Flexibility: Prefer a more personal touch? You and your realtor can work directly with a financial institution. For example, a credit union may offer more flexible repayment features or unique mortgage options. Other benefits may include:
- no stress test required for certain term mortgages (conditions may be subject to change);
- realtor referral programs that can provide perks like money toward legal expenses or an appraisal, or a waived account fee for a period of time; and
- the ability to move through the pre-approval process quickly once the necessary information is provided.
Getting Pre-approved: No matter who you choose to work with, to qualify for a pre-approval certificate, you’ll need to prove your income. For business owners, this means having your financials in order—a crucial first step before you start house hunting.
Bottom Line: Buying a home is a major investment. Make sure you have a team that understands your goals and has your back from start to finish.
If you would like to know what Coastal Community can offer, call 250.208.7908 or email jeremy.roberts@cccu.ca.
Jeremy Roberts is a Senior Account Manager at Coastal Community’s Eagle Creek Village location.
