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Vancouver Real Estate Buyers Safety: Hold Backs in the Contract of Purchase and Sale

Hold Backs in Vancouver Real Estate Far too often Sellers in Vancouver agree to do things that they don’t end up doing. In a Vancouver Real Estate transaction this could result in a Buyer being responsible for thousands of dollars in repairs or future payments if a Seller does not do what they agree to do. A Hold Back is a very good way to ensure that what a Seller agrees to in an Accepted Offer actually gets done. What is a Hold Back? A holdback is when the Buyers Lawyer keeps some (or "holds back") of the money the…

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First Time Home Purchase Advice Vancouver 7: Contract of Purchase and Sale Overview

 Updated May 3, 2019 by Mike Stewart PREC So you’re ready to write an offer and your Realtor has had you read and sign several real estate disclosures as we discussed in Episode 6 First Time Home Buyers Advice. A Real Estate Offer is a Contract of Purchase and Sale in BC? Yes! In British Columbia, a Real Estate Offer is officially referred to as a Contract of Purchase and Sale. The sample offer or Contract of Purchase and Sale BELOW is a generally a 4 to 8+ page document and has three main uses: Communication - The Contract…

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Commission Remuneration

Vancouver Buyers Agents Disclose Real Estate Commissions in Writing! The Disclosure of Remuneration Document

 Disclosure of Remuneration: What is that? Updated May 3, 2019 How a Realtor gets paid and by whom is always a source of interest in Vancouver. Want to know EXACTLY How Much? Check out this great Realtor Commission Calculator for Sellers! In British Columbia, Buyers Agents (ie Real Estate Agents who are representing a Buyer) must disclose in writing to the Buyer they are working with, how much they are being paid and by whom when they are preparing an offer or Contract of Purchase and Sale for a Buyer. The Buyer should know who is paying their Realtor,…

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