Found 2 blog entries tagged as real estate.

As we head into the Fall season here in Squamish, we tend to see a familiar pattern. Typically, after Labour Day, there’s a rush of new listings hitting the market, and buyer activity ramps up as people settle back in after summer vacations and back-to-school preparations. The well-priced, attractive homes usually see action, even multiple offers, while even the ones priced slightly above market or needing a little work still get attention and negotiate offers.

This year was a little different, after a fairly quiet summer we were expecting that usual fall market uptick. There have been more listings, but buyer activity was slower to follow. Many buyers were holding off, expecting more rate cuts in the near future, which they hope will improve…

65 Views, 0 Comments

Read Full Post

The Home Buyer Rescission Period is a new law that has recently come into effect in British Columbia. This law gives home buyers a period of time to reconsider their purchase and potentially back out of the deal. However - this comes with a 0.25% penalty which is paid directly to the seller.

The rescission period is usually three business days from the date that the purchase and sale agreement is signed by both the buyer and the seller. During this time, the buyer can decide whether they want to proceed with the purchase or cancel the agreement. If the buyer chooses to cancel, they must provide written notice to the seller and the penalty will apply.

It's important to note the rescission period is separate from any subjects that are written into the…

852 Views, 0 Comments

Read Full Post