Can I Close on My Vancouver Condo in 14 Days?

by Maggie Chandler on August 30, 2012

in Buyers

  • SumoMe

Sometimes my Vancouver buyer clients ask if they can close on the Vancouver condo they’re purchasing in less than a month.  The logistics depend on whether the buyer and seller can be easily reached to sign the lawyer’s documents. If they are, then a fourteen day close in easy to do.

How to Speed Up the Closing Process on a Vancouver Property

  • Review  and approve the strata documents prior to making an offer. This can be done in two days
  • Have your bank or mortgage broker approve the condo building and give you a confirmation letter approving your mortgage. Let them know you will need funding in less than fourteen days
  • After you successfully negotiate with the seller, order a building inspection for the next day and give your lawyer instructions to start conveyancing
  • Remove subject to building inspection clause (assuming there are no issues of concern) and send a copy of the contract to your lawyer
  • Have the real estate brokerage send conveyancing instructions to seller and buyers lawyer the day after subject removal takes place
  • the deposit should be a bank draft, ensure your funds are liquid prior to making the offer Take a cheque to your lawyer the day prior to closing and sign required documents

Real Estate Closing Documents Can Be Sent Electronically

The parties to the transaction are no longer required to visit their lawyer’s office, they can have the documents sent to them electronically. On Possession Day Maggie meets you with the keys to your Vancouver property! Have a closing question about Vancouver real estate?

P.S. I am your Vancouver real estate condo realtor! hyper-local info and decades of experience!

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WELCOME! And thanks for checking out my site, and wanting to know a little bit about me. I LOVE what I do, and that’s helping home buyers and home sellers in the waterfront condo neighbourhoods of Vancouver and I’ve been doing just that for nearly 30 years, so I’ve really gotten to know this market like the back of my hand. In fact I’ve seen Vancouver’s neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the West End and now the Olympic Village being built and I have an in depth knowledge of these neighbourhoods. My interest in Vancouver’s history combines with my interest in the changes and growth of its waterfront neighbourhoods. If you see me walking on the seawall, playing tennis or boating, say hello! The city of Vancouver and its neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the Olympic Village and the West End have been put on the world map with its dynamic growth, international immigration, hosting the 2010 Winter Olympics, amazing world class restaurants, geographical beauty and quality of life. Consistently voted the Best City in the World to live, you can find great shopping, sports and entertainment in Vancouver. I assist first time and trade up home buyers, investors and vacation home buyers, as well as first time and trade up home sellers, investors and vacation home sellers with the purchase and sale of houses, townhouses and condominiums. I come armed with stats and graphs and an extensive knowledge of market activity, with attention to detail that will give you piece of mind that I’m working in your best interest, I am a hard working, detail oriented, diligent individual with strong interpersonal skills, patience and a high level of integrity . My goal is to make the home buying and the home selling a fun trip with low stress and I use today’s technology to make every real estate transaction as smooth as possible by clearly answering your questions, providing expertise and offering a savvy opinion. Providing trustworthy real estate services in the Vancouver area for over 30 years

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