Did you know that there are three things you need to know when you write an offer? Here’s a quick guide to understanding the process.
Hi everyone, it's Ron Parpara with Oakwyn Realty Downtown. What it is is there's three things when you write an offer. It's like you want to negotiate the price, terms and conditions. Once you get all those things set the day that you're going to get the keys and your subjects, if you're going have subject to home inspection (always recommended). So you're going to have a home inspection, reading all the strata documents, if it's a condo, if it's a house, you want two other assessments like maybe an oil tanks scan, obviously home inspection, checking the property disclosure statement, the title search, all these kind of documents. You put all those into the contract, ask for the property documents and long story short is when you get that agreed on you typically have seven to ten days to review all those things and then make a decision. Once you get those things agreed on then you kind of have like the seven to ten days to decide. It's not like you're not making any financial commitment until that review period. So when the review period is over, at the end of that like seven to ten day period, you have to give a deposit. Usually it's 5%.
Thinking about selling or buying a Vancouver property? Contact Vancouver realtor Ron Parpara at RonParpara@Gmail.com or 604-275-2997.
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