New homes for sale in Nanaimo

New homes for sale in Nanaimo

There are many new homes for sale in Nanaimo including single family homes, townhouses and condos.  However, buying a new home is a bit different than purchasing a resale home.  For one thing HST is charged on new construction.  The HST can be a very confusing thing to calculate when buying a new home because of the HST rebates.

An experienced mortgage broker that I know -Jim Delorme with Dominion Lending Centres Vanisle - sent me this very helpful link on calculating HST on the purchase of a new home.  It will calculate how much HST you will owe after the rebates. BC REAL ESTATE NEW HOME HST CALCULATOR http://www.bcrealestatelawyers.com/pricing/hstcalculator.html

When you put an offer on a new home you may wish to include different subjects on the offer than you would if you were purchasing a resale home.  Some subjects you may wish to consider are:

- Subject to receiving and approving a copy of the building specification sheet.

-  Subject to the buyer confirming that the seller is duly licensed pursuant to the Homeowners Protection Act.

-  Subject to the buyer searching and approving title against the presence of any charge or other feature that reasonably may affect property's use or value

-  Subject to the buyer receiving and approving information or professional advice concerning the buyer's HST liability, HST exemptions or rebates.

For additional information on new homes for sale in Nanaimo please contact me.