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What is the current state of the real estate market for houses in White Rock? Is it a buyer's or seller's market?
If you're looking to buy, 0 are on the market. Houses in this location are sitting on the market for an average of unknown days.
What are some of the most popular neighbourhoods?
White Rock's most popular neighbourhoods are none available. We assess how much interest there is for a neighbourhood by looking at various statistics. The average sale price, average days on market, and the percentage of properties that have sold over asking are just some of the factors used to determine popularity.
What are the most expensive neighbourhoods for houses?
White Rock's most priciest neighbourhoods are none available. Strata.ca looks at historical data to calculate the average sale price for every neighbourhood. If you're looking for value, White Rock's priciest neighbourhoods may not be ideal. Instead, check out none available for other alternatives.
What are the cheapest neighbourhoods for houses?
Every city has neighbourhoods where property values tend to be cheaper - and in White Rock they are none available. We isolate these neighbourhoods by looking at the average sold price over a set period of time. It should be noted that the average house in White Rock typically sells for unknown.
How do property taxes work in White Rock?
Aside from mortgage payments, owning a house in White Rock will require that you pay an annual property tax. This tax is used to pay for several essential services, including garbage and recycling collection. Each year, the municipality determines its property tax rate - which typically falls in the range of 0.5 to 2.5%. White Rock homebuyers will often assume that the bigger the house, the more they'll pay. But this isn't necessarily true as the tax rate is multiplied by the home's current market value, which can change year-to-year based on recently sold properties. If your home's market value is $500,000, and the municipal property tax rate is 1% - your property tax for that year would be $5,000.
What is the best source for White Rock real estate listings?
Strata.ca features all listings in White Rock, updated multiple times daily - you won't ever miss a property when using this platform. This website can show what your neighbour's house sold for last year. Or how much your grandmother's home might be worth in today's market. With Strata.ca, you can also get historical data on every property in White Rock. You'll have all the intel you need to outsmart the local real estate market.
What are the typical closing costs for purchasing a house in White Rock?
A common mistake buyers make is overlooking the closing costs associated with purchasing a house in White Rock. These fees are standard in real estate, but can still catch you off guard if you're unprepared. Closing costs cannot be rolled into your mortgage. But rather, these are charges paid upfront on the day of closing. To be safe, budget about 2% of the purchase price. For instance, if you're buying a White Rock house for $800,000 - then at least $16,000 should be set aside. A significant portion of your closing costs will be dedicated to the land transfer tax. These taxes are based on a percentage of the total purchase price. First-time homebuyers could be eligible to receive a rebate on a portion of taxes paid. Lastly, you'll need a White Rock real estate lawyer, not only to facilitate the financial transaction, but to conduct a title search and register the property under your name. Although fees can vary, expect to set aside somewhere around $1,500 - $2,000 on closing to cover your legal costs.