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 →