Whistler Ski-in/Ski-out Real Estate
Marion Anderson Personal Real Estate Corporation. SUTTON GROUP – WEST COAST REALTY
The March 2023 Whistler real estate market update reported that the sales to active listings ratio continued to move between a balanced and a seller’s market landing on the cusp of a Seller’s Market in February 2023.
Stay informed on the Whistler real estate market by watching this 90-second video.
The Legal Update 2023 BC Financial Services Authority (BCFSA) course featured a section on deposits. The course showcased the importance of treating deposits as serious business. There have been significant legal cases that have set precedents regarding deposits being forfeited by the Buyer. In summary, the days of “trying an offer” thinking that you can get out of it, during the subject removal period, or just walk away and not pay the deposit are long passed.
Continue reading “Deposits”This post explains the legal process for the completion of the contract. It is the Buyer’s lawyer who prepares the documents for closing. Hence the reason it costs more in legal closing costs for a Buyer than for a Seller. In addition, the cost is higher if there is a mortgage involved.
Continue reading “Transaction Completion Process”The Home Buyer Rescission Period was developed by the British Columbia Financial Services Authority (BCFSA). The BCFSA is the governing body for BC real estate agents. The HBRP was implemented in response to the multiple offer situations in 2020-2022. During that frenzy, buyers were writing overpriced offers with no subjects, and then upon acceptance of their offer, regret set in as there was no “easy” way out of the transaction. The HBRP is also known as a non-negotiable, “cooling off period”.
Continue reading “Home Buyer Rescission Period”