When negotiating on a Vancouver condo the buyer often has a change of mind and wishes to change the closing date after acceptance of the offer by the seller. This is possible only if the seller is agreement. The Closing Date often plays a crucial part in negotiations, be it a fast close or a long close. The latter is selected by sellers when they wish time to purchase another property. If the property is vacant a fast close will work in the buyer's favour. Closing dates can be as quick as a week after subject removal date.
What is Required to Change the Closing Date?
Both parties must sign an addendum to the contract. Sometimes a required change to Completion Date may be a deal breaker as one party will insist on keeping the date originally agreed upon. As long as both parties agree, the date can be adjusted prior to and after subject removal.
What is the Longest Closing Date?
Usually Vancouver property sellers won't wish a date that's longer than 90 days. On occasion the seller will request a quicker closing date and rent back for a few months.
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