HomeLife Glenayre Realty - Mission BC

Phone:
604-826-2699
Toll free:
604-520-6829
Fax:
604-826-2621
Contact Us

HomeLife Glenayre Realty - Mission BC

Phone:
604-826-2699
Toll free:
604-520-6829
Fax:
604-826-2621
Contact Us

Protecting Your Homes Value

On October 17, growing marijuana in your own home became legal. Before anyone does great caution should be taken!  A lack of clear definition when it comes to remediation of ex grow ops still causes uncertainty and now whether a four plant legal growth is considered an issue to lenders' and insurers' creating their reluctance to accept potential risk of a property where marijuana has been grown, owners who have grown pot might be surprised when it comes time to sell. 

Can growing 4 legal plants affect the sale of the home, chances are that even a few plants may impact the sale.

First, some buyers think this stigmatizes the property. It is not just about stigma. Some lenders and insurers may avoid homes where there has been growth. That means possible limited financing or if insurance approved paying increased premiums for insurance—issues that can impact the purchaser and any offered prices on your property. Some buyers may not want to even make an offer.

Disclosure of marijuana growth.

In general, the law and the Real Estate Council do not require disclosure of marijuana growth unless there is a Material Latent Defect, which means some danger or damage that is not easy to discover on visual inspection. However in most Real Estate contracts you will be asked if there was marijuana growth, if the Property Disclosure Statement (PDS) is used then asked if illegal growth took place. 

Will growing legal plants impact my mortgage?

Simple answer it may, each lender has different rules you should further research policy.

Insurance

Damage caused from marijuana growth will not generally be covered, the greater impact that could affect you they may not cover any damage if it is discovered there is any growth on the property.

Is there a safe way to grow?

They compare growing one marijuana plant to be equal to five normal house plants because of the extra moisture and lighting. Certainly there is a safe way to grow four plants by installing a professional venting and electrical system etc, the issue remains insurance, mortgaging and a defined remediation process.

In most cases growing a limited amount of plants in an owners house will not cause damage because the owner will monitor it, however there is a stigma to it right now.

Caution and research should be employed if you grow legal marijuana.

 

 

This blog is written and supported with the help of: www.HomelifeAbbotsford.ca OR www.HomelifeMission.ca

300 - 3303 Immel St. Abbotsford BC V2X 5Y1

1 - 32540 Logan Ave Mission BC V2V 6G3

O 604 859 3141 or 604 826 2699 F  604 859 5226 or 604 826 2621

Connect with us on Facebook:

www.facebook.com/HomelifeRealEstate

www.linkedin.com/company/3150480

Abbotsford Real Estate | Abbotsford Homes For Sale

Abbotsford real estate for saleAbbotsford REALTORS®, and Abbotsford MLS® Listings. Access Abbotsford real estate listingsAbbotsford REALTORS®, new homes and Abbotsford foreclosures. We also have information on Abbotsford home sellinghome buying and mortgages, movers and other realty services in Abbotsford and area.

Mission Real Estate | Mission Homes For Sale

Mission real estate for saleMission REALTORS®, and Mission MLS® Listings. Access Mission real estate listingsMission REALTORS®, new homes and Mission foreclosures. We also have information on Mission home sellinghome buying and mortgages, movers and other realty services in Mission and area.

Advantages for the Experienced Agent with HomeLife Glenayre Realty Co. Ltd.:

  • Experienced Management
  • Household name in local market
  • Number one office in technology services
  • Office of the future
  • First paperless in Canada
  • Latest web services including social networking

Cheers!

 

Comments

Magnificent web site. Plenty

Magnificent web site. Plenty of useful information here. power washing

If you will buy homes then

If you will buy homes then you will check the homes on all side of your cities. It is a very good site for the user for providing the homes at very less price and it provides the live chart. with this chart, I will ask copperpointschools.org more question about the homes. If you buy and sells the homes then you will be making the account and get more advantages.

Your current web-site is

Your current web-site is fairly quickly growing to be certainly one of my top feature. So, I just stumbled on creative weblog and I just need to state that this amazing is a nice blog post. Bless you pertaining to this kind of knowledge. www.orlando-eventplanners.com

you will have a terrific

you will have a terrific weblog here! would you prefer to make some invite posts on my blog? carpet steam cleaner

Good

She shot this look last month whereas shopping in Brussels, and she is actually a bit preoccupied with it. :) This person isn’t always been into warm colors but lavender, this season's hottest color, is really one of my darlings ever! Can you try https://topbritishwriters.com/review-on-uk-dissertation-com/ now? It's really pensive and it factually compliments every skin color.

Great Site

I'm most definately interested in this one, I hope you can update the information. Jual Lemari Arsip

Thank you. I'm glad to find

Thank you. I'm glad to find this post here, it's exactly what I need gmail email login

Thomas

You guys really work hard by keeping us up to date with the current market trends of custom essay australia real estate industry. I always try to read each blog of yours as very blog of yours have a great information hidden in it.

There's a continuing debate

There's a continuing debate on this subject. Legalizing marijuana might have many benefits in terms of health, but things are a little different on the real estate market. Buying or renting requires, now, an equal amount of research. However, those who put their eyes on the houses for rent st. john in have nothing to worry about. After a close inspection, they'll see for themselves that the investment is worth it.

Have Questions?

reCAPTCHA