Deposits in a Real Estate Offer – First Time Home Buyers Tips 9
Updated December 19, 2019 by Mike Stewart PREC Real estate deposits for offers in Vancouver In Episode 8 of the First Time Home Buyers guide, we discussed Price on the Contract of Purchase and Sale. On this page, we're going to talk about the buyer's real estate deposit in the BC Contract of Purchase and Sale in detail. What is a real estate deposit? The Cambridge Dictionary defines a deposit as follows: "A sum payable as a first installment on the purchase of something or as a pledge for a contract, the balance being payable later." Purchasing a home…