Pemberton Market Updates


December 2021

First Time Home Buyers- Tips & Explanations of Real Estate Deposits

Posted on Dec 01, 2021

Let’s talk about talk the buyer’s real estate deposit in the BC Contract of Purchase and Sale in detail. First of all, what exactly is a deposit? What does it cover and when do you need to pay it?

Technically a deposit is defined as “A sum payable as a first installment on the purchase of something or as a pledge for a contract, the balance being pa...

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