Vancouver Condo Real Estate Video Blog #685 - August 29, 2011
An Offer is Only a First Right of Refusal
Ian Watt video blogs about how about with real estate in Downtown Vancouver, a subject offer is only a first right of refusal. It doesn't lock anyone in to anything until the subjects are removed and the deposit cheque is handed over. If you want to voice your opinion or if you don't care for Ian's comments please email your feedback to firstname.lastname@example.org and visit http://www.ianwatt.ca/RealEstateVideos for all the Ian Watt Real Estate Video Blogs. Please note that opinions, real estate practices, prices and data always changes over time, so please keep in mind the date when this video was published as the information could have become irrelevant over the past days, months and years. Copyright iWatt Media © All Rights Reserved 2011 www.iWatt.ca .
Ian Watt: Hi good afternoon it's Ian Watt in Downtown Vancouver. This is a message for both buyers and sellers of condos in Downtown Vancouver offers don't mean anything until the subject to remove. Any realtor worth the result, well honestly make you right a subject offer no one likes to go in and subject free it's a disaster waiting to happen even if you are somewhat aware of the condition of the building. So make sure you do your do diligence but also remember that a subject offer is just a first write of refusal when it accepted until subjects or removed. It means if another offer comes in it can come in to a back up offer but it cannot trump your offer so all it means is first write a refusal. Nobody is locked in until you drop the check down and write I removed all the following subjects etc. etc. My name is Ian Watt and if you have any questions. You can always email me at email@example.com. Thank you very much and have a great day!