Your Real Estate Experts serving the Vancouver, Burnaby and Richmond Area.
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Top 10% of REALTORS® in Greater Vancouver for 2023
Top Selling Agent for December 2024
Meet
Richard Kam
Born and raised in East Vancouver, Richard has seen how the city has changed and grown throughout the years. Working as a young child, Richard would help his father build and remodel homes. This laid a great foundation for his understanding and interest in Real Estate.
With his colorful personality and work ethic, Richard is easy to talk to and approachable. With all the years of experience, Richard finds his strengths in negotiating and doing what is necessary to facilitate the best deals that will benefit his clients, while maintaining integrity and honesty throughout the process.
Richard speaks English and Cantonese. His connection to the city will enable him to help you navigate your journey in buying or selling your home, while providing the best level of attention and care.
Over 35+ 5 Star Reviews
“Richard really helped us out in buying our first home”
Coming into the process, my partner and I were nervous but we appreciated how Richard made it much easier! Would really recommend him as your realtor.
Gabriel Santa Maria
Vancouver
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Hear from our clients
“Working with Richard has been extremely pleasant and easy. He communicates well, and efficiently. I was busy with a Monday - Friday 9am-5pm job, and a side part time job as well as going to school and he handles everything to a tea! Our selling list was 499 and was sold OVER the asking price at 505!”
Connie Kuang
Vancouver, BC
“Richard was very responsive throughout our search for a home. He was always happy to answer our questions even if they were late in the evening or on the weekends. He also recommended areas that we otherwise would not have considered, and ultimately he was able to help us successfully complete a deal.”
Alden Flatt
Vancouver, BC
“Richard went above and beyond to find us our dream home and I am so grateful for it. The real estate market can be very intimidating, especially for a first-time home buyer, but Richard was very helpful in educating us of our options.”
Paula Morales
Vancouver, BC
“Our experience with Richard was all around fantastic. He has an outstanding work ethic and was proactive and flexible, which gave us a great edge in terms of moving quickly. I felt like I was in great hands from the start and really appreciated his candor in helping us to see the hidden pitfalls in some properties and also the potential in others that we might have otherwise overlooked. I really appreciated his guidance and never felt pressured.”
Kurtis Wilson
Vancouver, BC
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FAQs
Frequently Asked Questions
How do I get started with buying a home?
First step is to assess your finances and get pre-approved for a mortgage. This will help determine your budget and show sellers that you’re a serious buyer. Next, work with a trusted real estate agent to identify your needs and begin searching for properties. Once you find the right home, you’ll make an offer, complete necessary inspections, secure financing, and close the deal.
How much do I need for a down payment?
In Canada, the minimum down payment depends on the home’s purchase price:
- If the purchase price is less than $500,000, the minimum down payment is 5%.
- If the purchase price is between $500,000 and $1,499,999, the minimum down payment is 5% of the first $500,000 and 10% of any amount over $500,000 to $1,499,999.
- If the purchase price is $1,500,000 or more, the minimum down payment is 20%.
How long does it take to buy a home?
The timeline varies, but typically:
- Home Search: A few weeks to several months, depending on market conditions and your preferences.
- Offer & Negotiations: 1-2 days.
- Subject Removal Period: 5-14 days.
- Closing (After Offer Acceptance): 30-60 days.
In total, expect anywhere from 1 to 3 months, but it can take longer if you’re searching for the perfect property.
Can I buy a home before selling my current one?
Yes, but it requires careful financial planning. You can:
- Use a Bridge Loan: Short-term financing that helps cover the gap between buying your new home and selling your current one.
- Make your Purchase Conditional on Selling your Home: This can work in a balanced or buyer’s market but is less effective in a competitive market.
- Secure Financing for Both Homes: If financially feasible, you may qualify for both mortgages simultaneously.
How long does it take to sell a home?
It depends on market conditions, pricing, and location. On average:
- Seller’s Market: Homes can sell in a few days to a couple of weeks.
- Balanced Market: Typically 30-60 days.
- Buyer’s Market: It may take several months to find a buyer.
Proper pricing, marketing, and staging can help speed up the sale.
What costs should I expect when selling my home?
Selling a home comes with several expenses, including:
- Real Estate Commission: Typically approx 4% of the sale price, split between the listing and buyer’s agents.
- Legal Fees: Around $1,000-$2,000 for a real estate lawyer or notary.
- Mortgage Discharge Fee: If you have an existing mortgage, there may be penalties for early repayment.
- Property Transfer Tax (if applicable): Usually paid by buyers, but check for any exemptions or fees specific to your province.
- Moving Costs: Varies depending on distance and services required.
- Capital Gains Tax (if applicable): If selling a secondary property or investment property, taxes may apply.
It depends on market conditions, pricing, and location. On average:
- Seller’s Market: Homes can sell in a few days to a couple of weeks.
- Balanced Market: Typically 30-60 days.
- Buyer’s Market: It may take several months to find a buyer.
Proper pricing, marketing, and staging can help speed up the sale.