What Are the Steps to Buying a Home in Kelowna, BC?

What Are the Steps to Buying a Home in Kelowna, BC?

Short Answer: The six steps are: mortgage pre-approval, house hunting, writing an offer with subject clauses, a 1–2 week subject period for financing and inspection, subject removal in writing, and closing through a notary or lawyer on possession day.

Step 1 — Pre-approval. Know your verified budget and locked rate before touring a single home.

Step 2 — House hunting. Tours, open houses, and neighbourhood research. In Kelowna, compare strata vs. freehold monthly costs, not just list prices.

Step 3 — The offer. Your agent drafts the Contract of Purchase and Sale: price, deposit amount, completion and possession dates, and subject clauses.

Step 4 — Subjects. Typically 1–2 weeks. Your lender finalizes financing and your inspector examines the property. For stratas, this is when documents get reviewed.

Step 5 — Subject removal. Waived in writing by the deadline. After this, the deal is firm — the deposit is at risk if you walk away.

Step 6 — Closing. Your notary or lawyer handles the paperwork, funds transfer, and title registration. Keys on possession day.

Questions about any step? Call Nik or Amy Zimmer at 250-859-6984.