In case you weren’t aware of it, Zancope Notary has a YouTube Channel with several videos on different topics.
Here is a transcript of the video below on what happens with the annual property tax when you purchase real estate during the tax year.
Question: Property annual taxes: do I pay the full amount after I buy?
Answer: It depends on the time of year when you buy, whether you pay or not. But you never pay the full amount.
So the total amount for property taxes—they run from January to December, but they are due in July…so, when we are doing purchases or sales representing a client, we adjust based on the per diem how much the buyer is paying for it and how much the seller is paying for it.
So, you don’t need to worry that you will be responsible for the full payment of property tax for a specific year because you are buying before it’s due. It doesn’t really matter because it’s always adjusted on a per diem basis.
Here is a transcript of another video below on buying or selling real estate without a realtor—do you still need a notary?
Question: So, if I’m selling to a friend without a realtor, do I still need a notary?
Answer: Yes. That’s a great question.
When you are selling a property, you may choose to use a realtor or not, but in order to have someone to legally represent you in the transfer of the title, you must use a legal representative.
So, you do need a notary—a notary or a lawyer–even when you are not using a realtor.
If you would like to watch more of our videos, just head over to our YouTube channel and subscribe to it. Let us know if there are videos on specific topics that you would like us to make for you.
Real Estate Legal Services in BC
At Zancope Notary Public, we offer real estate services for clients in Langley and throughout Greater Vancouver and the Fraser Valley. We can help you with buying, selling, and refinancing real estate, and also provide family property transfers and independent legal advice. We are a full-service firm that is well acquainted with real estate law.
If you have any questions about this article or Real Estate Property Tax in general, or if you want to make an appointment with Zancope Notary Public, please contact us at (604) 260-6783.
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