Contracts are written in favour of the buyer and there is a 1-to-2 week period where you do your due diligence with a property inspection, finalize financing, and review the title search, property disclosure statement and strata documents, etc. If you are satisfied to remove your subjects, it will become a firm and binding contract.
A deposit is generally due within 48 hours after subject removal. The amount due is usually 5% and will be held in our Whistler Real Estate Company trust account before being transferred over to the lawyers to form part of your down payment.
Your completion date is when the property is legally transferred into your name and the funds are transferred to the seller. The date of possession, usually the day after completion, is when you get the keys.