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Consumer’s Guide to Understanding the BC Home Buyer Rescission Period

By Fred Carver RETIRED REALTOR

Industry Observer with Retired BC Realtor

December 26, 2022 03:45 PM

Starting in January 2023 Home buyers can rescind their accepted offer to purchase a single family home....Watch this video which explains this the New Home Buyer Rescission Period.

This video will provide an overview of the HBRP and go over how buyers have the right to rescind or cancel their offer to purchase certain types of residential property within three business days after an offer has been accepted

https://youtu.be/T3Q6U3PtokI

Consumer’s Guide to Understanding the BC Home Buyer Rescission Period

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Patricia Feager

Appraisal Review Board, Denton County, TX - Flower Mound, TX

Licensed to April 2027

Fred Carver Personal Real Estate Corporation - How interesting! Here in Texas, it's State Law for any buyer to rescind their offer with three days without consequences, and there are multiple ways a buyer can get out of the contract throughout the contract, including during the Option Period. They need to read their contract. Your Real Esate rules are different and buyers would be wise to contact you in your area.

Jan 07, 2023 02:01 PM

Fred Carver RETIRED RE...

Victoria, BC

Fred Carver RETIRED REALTOR

Patricia Feager, MBA, CRS, GRI,MRP thanks for dropping by and commenting

Jan 07, 2023 06:32 PM

Kay Van Kampen

RE/MAX Broker, RE/MAX - Springfield, MO

Realtor®, Springfield Mo Real Estate

In Missouri, the rules are different. Interesting to see how different the states work.

Jan 10, 2023 12:27 PM

Kay Van Kampen thanks for dropping by and commenting

Jan 26, 2023 08:28 PM

Scott Schulte

Scott Schulte LLC - Phoenix, AZ

I love the recision period not being able to be waved! We have seen that here in Arizona and I was not a fan.

Feb 16, 2023 07:44 AM

Consumer’s Guide to Understanding the BC Home Buyer Rescission Period

Starting in January 2023 Home buyers can rescind their accepted offer to purchase a single family home....Watch this video which explains this the New Home Buyer Rescission Period.

This video will provide an overview of the HBRP and go over how buyers have the right to rescind or cancel their offer to purchase certain types of residential property within three business days after an offer has been accepted

https://youtu.be/T3Q6U3PtokI

Comments(3)

Fred Carver RETIRED REALTOR

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