Better Offer: Can You Side-Step The First Deal?

Posted in: Real Estate- Apr 20, 2018 Comments Off on Better Offer: Can You Side-Step The First Deal?

What if you get a better house offer after you’ve (sort of) accepted the first offer? Say you got the house in your divorce and list it for sale in a rising market. You receive an offer of $5.8 million and a deposit of $260,000. You’re not experienced in business matters, so your agent adds […]

Buyer Who Walks Is On Hook For Price Drop

Posted in: Real Estate- Apr 19, 2018 Comments Off on Buyer Who Walks Is On Hook For Price Drop

You think you’ve sold your house. You have a signed agreement (and a deposit). But then the market turns, the value of your home starts to drop, and the buyer doesn’t go through with the purchase. What compensation can you get? That’s the question the sellers brought to court in a recent case. The buyer […]

Oops! Don’t Let Tenants Put Your House Deal At Risk

Posted in: Real Estate- Apr 18, 2018 Comments Off on Oops! Don’t Let Tenants Put Your House Deal At Risk

If the house you are selling (or buying) has tenants, make sure the purchase contract clearly spells out what happens with those tenants when your deal closes. BC has detailed residential tenancy rules about ending a tenant’s lease. If your contract isn’t clear on whether the tenants are to stay or have to be out […]

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