Category Archives: First Time Home Buyers Advice for Vancouver

First Time Home Buyer Video Blog Posts with Advice, Tips, and Important Information for Vancouver, BC Canada by Mike Stewart a Top Vancouver Real Estate Agent.

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 →

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 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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1st Time Home Buyer Tips Vancouver 8| Contract of Purchase and Sale| Price!

Posted on March 23, 2011 by mike

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Contract of Purchase & Sale Explanation for First Time Vancouver Home Buyers

Episode 7 of the First Time Home Buyers Guide was an overview of the Contract of Purchase and Sale. Now we’ll start going through the offer in detail starting with price!

Section 1 – Price!

Many first time home buyers think a real estate offer to buy property in Vancouver is a simple document that only is about price.

The widely held perception is that an offer has how much the Buyer is willing to pay and if the Seller accepts the Buyers price its a done deal. Not quite, as I will explain.

How Much? 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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