Category Archives: Contract of Purchase and Sale | BC Real Estate Offers Explained!

This series of video blog posts explains how a Real Estate Contract of Purchase and Sale works in the Province of British Columbia as explained by Mike Stewart Vancouver Realtor.

Vancouver First Time Buyer 13 – Contract of Purchase and Sale – Subject Clauses

Posted on October 11, 2011 by mike

Buying Your First Home Safely in Vancouver with Subject Clauses in the Contract of Purchase and Sale!

In Episode 12, we discussed the expiry time and date on the Contract and Purchase and Sale. Today we talk safety.

When it comes to buying a first home, Safety Comes First!

Subject Clauses in a Real Estate offer coupled with detailed due diligence is the best ways to ensure that a first home isn’t a hassle, money pit, leaky condo, or worse.

What is a Subject Clause in a Real Estate Offer? Continue reading →

Posted in: Contract of Purchase and Sale | BC Real Estate Offers Explained!, First Time Home Buyers Advice for Vancouver, For Buyers
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First Time Buyer Guide Vancouver 12 – Contract of Purchase & Sale – Offer Expiration

Posted on August 15, 2011 by mike

First Time Home Buyers Tips 12 Offer Expiry by Mike Stewart Realtor from Mike Stewart on Vimeo.

Contract of Purchase and Sale Explanation – Expiration of the Offer (Section 23)

In Episode 11 of the First Time Home Buyer Guide Vancouver, we discussed Included & Excluded Items.

Today, we’re going to discuss the expiration time and date of the BC Contract of Purchase and Sale.

A BC Real Estate Offer Expires? Continue reading →

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New Buyer Advice Vancouver 11 | Contract of Purchase & Sale| Excluded & Included Items!

Posted on July 26, 2011 by mike

REBGV Contract of Purchase and Sale Explanation – Included and Excluded Items (Section 7)

In First Time Home Buyer Advice 10, we discussed Dates in a Real Estate Transaction. Today, we’re going to discuss included and excluded items.

It Comes with What?

When you buy a property in Vancouver it is possible to specify what is and is not included in the sale. Section 7 of the Contract of Purchase and Sale (See Below) is where this is laid out exactly in terms of what will be included and excluded from the sale of the property.

In the example below the Included Items are Washer/Dryer, Stove, Oven, Dishwasher, Chandelier in the Dining Room, Big Screen TV in the Living Room. There are no Excluded Items in the sample contract.

What is Normally Included When Buying in Vancouver? Continue reading →

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First Home Buyer Advice Vancouver 10: The Contract of Purchase and Sale – Dates

Posted on June 15, 2011 by mike

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First Time Home Buyer Advice 10: Completion, Possession, and Adjustment Dates & BC’s Contract of Purchase of Sale

I am Realtor in Vancouver, BC, Canada and I have created this series of videos to help those who need help buying their first condo or house in Metro Vancouver, BC, Canada.

In Episode 9 of the First Time Home Buyers Guide for Vancouver we talked about the Deposit Section of the BC Contract of Purchase and Sale document.

Today we are going to talk about the Date sections (Section 3,4, and 5) on page 2 of the Contract of Purchase and Sale.

These Completion, Possession, and Adjustment Dates can be set at any time agreed to by the Buyer and Seller (One day after an Accepted Offer to years after).

In most cases the Completion Date comes first, and the Possession Dates and Adjustment occur the next day.

Remember! The Completion, Possession, and Adjustment Dates laid out in the Contract of Purchase and Sale only occur once all subject conditions have been removed!

Dates on a BC Contract of Purchase & Sale Continue reading →

Posted in: Contract of Purchase and Sale | BC Real Estate Offers Explained!, First Time Home Buyers Advice for Vancouver, For Buyers
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