Chilliwack Home Buyers Guide


If it’s your first home purchase or one of many-it’s exciting to go house hunting. A little ‘homework’ and preparation will streamline the process for you. We value open communication and are equipped with the resources needed to find the right home for you and your family.

How To Get Started

  1. What is your budget? Set Limits!
  2. Decide on the area or neighbourhood you prefer?
  3. Compare properties and choose your favourite
  4. Make an offer!
  5. Make sure conditions are fulfilled
  6. Money, financing, and insurance
  7. Settlement and moving day

What To Expect

Finding a home in your preferred neighbourhood and within your budget is no small task. That’s why many buyers choose to work with a full-service Real Estate professional. Here’s what you can expect when working with Kevin Alexander by your side.

Local Knowledge

An agent who knows the local market and can quickly identify the areas where you are likely to find your home at the price you want.

Searching For The Right Home

A custom search set up to send new listings you might like directly to your email as soon as they’re uploaded. No waiting for the public MLS to update a new home.

Finding The Right Home

An agent that makes appointment previews homes with you and helps you determine the pluses and minuses of each home.

Negotiations and Paperwork

Once you’ve found your dream home an agent will guide you through the negotiation and paperwork of purchasing a home.

Finding Your Dream Home

Determine Needs vs. Wants

Everyone’s idea of a dream home is different. Before you compile your ‘wishlist’ you should start with a ‘needs’ and ‘wants’ list. Spend some time defining what aspects work perfectly for you. Distinguishing between your needs and wants is a great way to start.

Review Listings

Once you have established your ‘wishlist’ and shared your ‘dealbreakers’, you can start reviewing available listings that. have been selected for your consideration. Kevin Alexander uses a program called Paragon that shares new listings with his clients in real-time as they are uploaded instead of having to wait (sometimes days) for the public MLS site to up to date with new listings.

    View Properties

    As new listings come on to the market, Kevin will arrange showings and make appointments for you to view the properties you’re interested in. A regular showing lasts approximately 15-30 minutes and as you tour each property you should consider:

    • How functional the space is for your lifestyle
    • For new construction
    • What are standard features and what are upgrades
    • Time of day and traffic

    Open Houses

    Although open houses are not as private as a 1:1 showing it can be a great way to view properties you’re on the fence about, or even just to see what’s available on the market. If you attend an open house without your Real Estate Professional that’s representing you, be sure to mention that your working with an agent.

    This will save you from being inundated with calls from other agents hoping to represent you. Tip: It’s a great idea to ask your Realtor for some of their business cards so you can use them to make the open house sign-in process easier.

      Compare Properties

      Discuss each home you see with Kevin and provide HONEST feedback. As your expectations and the current market conditions begin to converge, Kevin will be able to adjust certain search parameters so alternatives can be presented for consideration.

      When you find a home and are ready to make an offer Kevin will prepare a Comparative Market Analysis (CMA) report that compares the subject property with other properties that are currently listed or recently sold to help you formulate a strong offer.


        Making An Offer

        When you find a home that you love, you may not be the only one that’s interested in it. You may find there’s someone else that loves it too. Competing against other buyers can be daunting but making a strong offer can help you stand out. It’s vital to act quickly, and make an informed offer based on a realistic approach to pricing and negotiating. Kevin will discuss the situation with you and advise you on how best to proceed.

        To begin Kevin will draw up a contract that includes your offer price as well as other terms and contingencies. Buyers often focus on price but there are other important terms to a real estate contract. You can add any terms you like, but be aware the more you add, the more likely the seller will object and consider your offer less favorably than offers with fewer roadblocks.


        The market will determine the final price but Kevin can help you prepare an offer based on comparable listings and sales, taking into consideration current market conditions.

        Financing Subject

        A financing subject stipulates that you will buy the property subject to obtaining a mortgage. If you cannot obtain a mortgage then the contract will be void.

        Home Inspection Subject

        A thorough inspection of the property by a licensed home inspector protects you against structural or material problems that are not detectable in a casual walkthrough. The buyer, not the seller, is responsible for hiring and paying the inspector.


        Upon final subject removal, a deposit will be required and held in a trust account until completion, at which point it will be used as part of your down payment.

        Closing Date

        One of the most important terms of a real estate contract is the closing date-the date when ownership changes hands. This is usually but not always the date that the seller must vacate and the buyer may occupy the property. Flexibility on the closing date can give the buyer an advantage over other potential buyers.

        Closing Expenses

        Closing expenses vary depending on property type and they can be significant. It’s important to have an understanding of what costs you will be responsible for as a buyer. The following guide is designed to give you an overview of various costs associated with the purchase of your home.

        Buyers Estimated Closing Expenses

        • Lawyer Fees: $800-$1000
        • Home Inspection: $350-$500
        • Tax Proration: dependant on date of completion
        • Taxes (if applicable)
          • Property Transfer Tax
          • GST
          • Speculation Tax
          • Foreign Homebuyers Tax

        *Figures may vary based on property type, loan amount, closing dates, purchase price, and other factors. All costs above are estimated. Please consult your mortgage lender and real estate attorney to obtain the best possible estimate for taxes and other closing costs.