Cell: 604-855-2521 |

Buyer Protection Plan

How can this tool save you thousands of dollars?

Many buyers, sellers and even realtors have never heard of this!
What is BPP?
Let me explain by with an example:
John and Marie have been looking for a home to purchase for almost a year and they have found a number of homes that they would happy to own. What is holding them back is the fear that the market will dip and they will pay too much.
So instead of making a move, and making a potentially wrong decision they chose to make no decision at all and continue to rent.
John and Marie are the type of clients that this program is customized for.

Lets assume that they find a house listed at $350,000.
It is well priced at today’s market value but John and Marie think that the market will drop another 3% in the next 3 years. Fortunately this home has a BPP sign on it.
Therefore the buyer can bring an offer that will include the clause that says, 3% ($10,500) of the purchase price shall be set aside in the non interest bearing trust account for a period of 12 months" and if John and Marie are right and the market dips 3% they will get that 3% back. If they are wrong and the market value increases or stays the same the seller gets their money back and John and Marie will enjoy the investment.

This is just one of the tools that I have to save my clients thousands of dollars $$$.

If you want to learn more

Comments:
No comments

Post Your Comment:

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.