Real estate in my full time job, I will actively pursue eligible properties, arrange showings, discover deep insights into every property and seller, draft offers to purchase, and ensure your interests are safeguarded.
In British Columbia the standard Contract of Purchase & Sale stipulates that the Seller pay real estate commissions.
The Seller and the Listing Agent decide on how much commission will be offered to Buyer’s agents. Typically half of the total fee is given to the Buyer’s agent. The co-operating commission earned by your Buyer's agent is always disclosed to you when preparing an offer to purchase. For example, a buy-side commission could be in the amount of 3% on the first $100,000 and 1.50% on the balance (may vary).
On completion day, the commission is taken out of the proceeds by the Seller's lawyer or conveyancer.
In most cases 8X gets remunerated by the Seller (not the Buyer). There is no upfront cost to utilize our Buyer Representation Service.
The home buying process is long and can often be complicated to those who are not actively involved in the marketplace.
REALTORS® are trained to provide valuable assistance to buyers in the following areas:
The listing agent has primary fiduciary duty to the Seller. Those duties include loyalty, avoiding conflicts of interest, confidentiality, and to act in the best interest of the Seller (gaining highest price / limiting risk).
In 2018 the Superintendent of Real Estate prohibited dual agency (one agent representing both Buyer & Seller). Most listing agents will steer you away to go get your own representation, or ask you to be an unrepresented party.
Opting to be an unrepresented party carries numerous risks. If you choose to be unrepresented you will be treated as 'Non-Client' which means:
If you choose to be unrepresented, know the risks, the listing agent cannot:
In one of the largest financial transactions of your life, make the smart choice, get your own advisor who is champion for your success.
What does it mean? How do I submit an offer?
What does Buyer conditions mean?
When do I submit the deposit?
Submitting an offer does not have to be complicated, but there are a lot of moving parts and dates to keep track of.
Draft an initial offer for the Seller's consideration.
This will have a set amount of time for the Seller to either accept, reject, or counter offer.
Amount of time for the Buyer to complete due diligence items (if any) such as confirmation of financing, home inspection, insurance review.
Some Buyer's may choose to go unconditional to strengthen their offer's appeal.
A provincially mandated rescission period that runs concurrently with your conditional period (if any).
Should you elect to exercise your rescission right you will pay a small 0.25% fee to the Seller.
Date by which the Buyer declares if they are satisfied or not with their due diligence items.
Buyer either enters into a binding contract of purchase & sale, obtains an extensions, or releases the contract (does not proceed with purchase).
If Buyer waives conditions (proceeds with purchase) then the deposit will become due.
Amount of time between Subject Removal Date and the Completion Date.
Buyer to prepare transfer of funds to their lawyer or notary in preparation for closing day.
Date on which the Buyer transfers funds to the Seller, and land title is registered to the new owner.
Often the same day as Posession, when Buyer will get keys and access to the property.
"Perfect team!! Dustin is your guy for any real estate purchases. We have dealt with Dustin and Jacob, and they are just superb at everything they do."
"Dustin Miller is an amazing realtor !!! He has all the information you need at his finger tips. Quick to respond to any query...extremely knowledgeable about the real estate market in Victoria , Vancouver island and even Vancouver!!! Take him on as your realtor ...you wont regret it !!"
"Dustin could not have been more helpful as our agent during the search for and eventual purchase of our condo. He was always professional, engaged, accommodating and supportive. We highly recommend Dustin!"
"Dustin has a real enthusiasm for the properties he works on. He has a meticulous attention to detail and provides prompt and well-informed answers to questions. He follows through on what he says and most importantly, he gets the deal done."
"Dustin is a multi-faceted real estate professional who has a strong knowledge towards your needs and the ever changing real estate market. He is clear with his communication and keeps you updated on all parts of the process. I would happily retain their services again."
"Dustin showed himself to be a knowledgeable and attentive realtor in the purchase of my townhouse. I highly recommend Dustin for any prospective real estate purchase."
"Easily accessible. He brings a big smile. Pleasure to have him handle the sale."
"Without exaggeration, Dustin is by far the best realtor I have worked with. He's very smart, very efficient and very responsive. He has all the information you might need at his fingertips. He's tech savvy and makes everything easy."
"Dustin was a very patient, professional and accommodating young man and the whole experience was stressless. One bonus was he included professional cleaning of my new condo and also checked out facets etc. Another bonus, I did not need to drive! Thank you Dustin."
Please feel free to contact us at any time for further information about content on this site, or to discuss any matters pertaining to residential or commercial real estate.
8X specializes in the acquisition and disposition of real estate assets including single family homes, downtown condominiums, retail, office and apartment properties, as well as land with development potential.
