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How do I fill out a contract of purchase and sale in BC?

Important Sections in a Contract of Purchase and Sale Information about the buyer and seller, including names, home addresses, and contact information. The subject propertys legal description and location information. Terms and conditions the buyer may wish to include about the offer. The offer price and deposit amount.

What is a contract of Purchase and Sale in BC?

The contract sets out your rights and obligations The purchase contract is the key document when buying or selling a home in BC. It sets out the rights and obligations of both the buyer and the seller. It says who must do what, and by when.

What all should be included in a contract between a buyer and a seller?

Elements of a sales agreement Buyer and seller names and contact information. Description of goods, services, or property being purchased. Payment amount, dates, and method. Liability of each party in the case of loss, damage, or delivery failure.

How do you fill out a contract to Purchase?

At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.

How does an Agreement for Sale work in BC?

An Agreement for Sale (AFS) (sometimes called a right to purchase in BC) describes a purchase structure with seller financing. You negotiate a price; say $350,000 and a deposit. The seller is your bank (seller financing) for the rest of the purchase price (seller financing equals purchase price less the deposit(s)).