𝐒𝐨 𝐲𝐨𝐮'𝐫𝐞 𝐚 𝐛𝐮𝐲𝐞𝐫 𝐚𝐧𝐝 𝐲𝐨𝐮 𝐰𝐚𝐧𝐭 𝐭𝐨 𝐜𝐚𝐧𝐜𝐞𝐥...

So you're a buyer and you want to cancel...

There is A LOT to cover in 4 minutes, so I'll try my best to sum this up for you...

Basically, if you're a buyer and during your investigative period you decide to cancel, it's easy to cancel the contract and get your deposit back, so long as you have not removed your inspection contingency.

Where things can get hairy is if you remove your contingencies and then want to cancel.

In Vancouver the buyer and seller go to arbitration to work out any disagreements first. In other words, the seller does not automatically have your deposit wired to them if you decide to cancel. However, if you are found to be in breach of contract because you tried to cancel after removing your contingencies, the seller will have grounds to keep your earnest money deposit.

My Full Disclosure:

Those contingencies are there to protect you, and they do not get removed automatically-- you must physically sign off on them. So make sure you're ALL IN before you sign on the dotted line and remove your contingencies.

Your Realtor is there to help guide you through every step of this process, so lean on them!

Knowledge is powerful, and if you're fully informed throughout this process it will be a smooth ride because you'll know what to expect.

Have any questions about my Full Disclosure? Drop them below and I'll do my best to answer.

Recent Blog Posts



The week of November 15-21 in Greater Vancouver saw 88 total new townhome listings, 31 sales, and an average selling price to $1.1M ๐Ÿ”ฅโฌ†๏ธ

Scroll down to see what’s happening in your specific area and whether you’re moving or not give me a call โ˜Ž๏ธ and let’s chat about what these numbers mean for the value of your property!


๐Ÿ™‹๐Ÿป‍โ™‚๏ธ Josh Kepkay โ˜Ž๏ธ 604.313.9805 ๐Ÿ“ง sold@joshkepkay.ca ๐Ÿ•ธ VancouverRealEstateToday.ca 

๐Ÿ“ฒ FOLLOW FOLLOW: @joshkepkay ๐Ÿ“For more information on the changing and developing real estate market in the Vancouver Region ๐Ÿ˜„

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I’m sure you’ve heard that ๐Ÿ—๐Ÿ“% ๐จ๐Ÿ ๐ง๐ž๐ฐ ๐ซ๐ž๐š๐ฅ ๐ž๐ฌ๐ญ๐š๐ญ๐ž ๐š๐ ๐ž๐ง๐ญ๐ฌ ๐…๐€๐ˆ๐‹ (WHOMP WHOMP)

...and I’m also sure you’re determined to not be part of that sad statistic… Well, I’d like to share some wisdom:

I have learned a lot since I first started (and I've made mistakes and had major setbacks)... It’s been a LONG road to get here in my career, but here I am- loud and proud about how far I’ve come! It’s time to pay it forward to those of you out there struggling in your career, or just getting started.

Here is what I’ve learned in a nutshell (keep in mind there are obviously other tips I could share, but this is only a 4 min video)

1.) Save money as a safety net, because you will likely go months without a paycheck. 2.) Know your market- study the numbers! 3.) Maintain regular marketing (old school or new school tactics)… create a brand people know and trust. 4.) Find a mentor, coach, team, etc.… there’s no reason to recreate the wheel.

Wishing you the best of luck in your career. Got any more tips? Comment below!

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The week of November 15-21 in Greater Vancouver saw 155 total new house listings, 21 sales, and an average selling price to $1.9M ๐Ÿ”ฅโฌ†๏ธ

Scroll down to see what’s happening in your specific area and whether you’re moving or not give me a call โ˜Ž๏ธ and let’s chat about what these numbers mean for the value of your property!



๐Ÿ™‹๐Ÿป‍โ™‚๏ธ Josh Kepkay โ˜Ž๏ธ 604.313.9805 ๐Ÿ“ง sold@joshkepkay.ca ๐Ÿ•ธ VancouverRealEstateToday.ca 

๐Ÿ“ฒ FOLLOW FOLLOW: @joshkepkay ๐Ÿ“For more information on the changing and developing real estate market in the Vancouver Region ๐Ÿ˜„

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