Save the HST, Buy USED!

Posted by on Sep 11, 2010

For those buyers who are concerned about buying a “New House” because they don’t want to pay thousands of dollars in tax, I have GREAT NEWS! You DO NOT PAY HST on used homes in British Columbia! That’s right, HST rules follow the previous GST rules and that means no purchase tax on Used homes. HST does apply to any service fees! Call me for more information or email your questions to jeff@jeffkingrealestate.com.

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It’s Cheaper To Buy Than Rent…

Posted by on Sep 6, 2010

…according to mortgage expert Moira Steele! With rates as low as they are and house prices so affordable…we can honestly say that buying can be as economical as renting….

Take a look at this example:
a condo for $150,000.00

$7,500.00 down
5 year term at 3.69% with a 35 year amortization..you have payments of $621.36 per month!

A home at $250,00.00
With a down payment of $12,500.00 will get you payments of $1,035.61 per month!

Of course this is all subject to qualification…but why not explore the possibilities today!  If you think a new home in Nanaimo is in your near future, call me.  I’ll help you navigate through the process and land you the house of your dreams! Call me at 250-751-4902 or email me jeff@jeffkingrealestate.com.

 

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