Did You Know: The Four Must Have Conditions

Four Must Have Conditions in Your Offer to Purchase a Vancouver Home

Without foregoing other forms of due diligence here are four must have conditions in your offer.

  1. Conditional upon the finalization of your mortgage – your lender will have approved you but they also need to approve the property, which will include their appraisal of the property’s value.
  2. Conditional upon reviewing the Property Condition Disclosure Statement – Sellers in British Columbia must provide this document.
  3. Conditional upon Reviewing the Title> – ensure you have allotted sufficient time if you may wish to have your legal representative review this document.
  4. Conditional upon a building inspection – no one should purchase a home without a complete inspection of all aspects of the home even if it is still warrantied.