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Real Estate > Buying & Selling Property

Buying & Selling Property

Buying or selling real estate in British Columbia is one of the biggest financial moves most people will make. Whether it’s your first condo, a family home, investment property, or a location for your business, each transaction comes with legal steps that can impact your rights and financial security. At GBC Law, we provide clear, grounded guidance so you can move forward with confidence.

Why Legal Support Matters

Real estate transactions aren’t just about signing a contract. They involve title searches, mortgage instructions, tax adjustments, and compliance with BC property laws. Even something seemingly small, such as overlooking a registered easement, can cause costly issues down the line.

For Buyers

Contract review

Ensuring your interests are protected in the purchase agreement.

Title search

Identifying liens, easements, or covenants that could affect ownership.

Mortgage support

Reviewing lender instructions and ensuring all conditions of advance have been met.

Closing process

Handling funds, property transfer, and registration with the Land Title Office.

    For Sellers

    Contract negotiation

    Making sure terms like deposits, conditions, and timelines are fair.

    Payout of mortgages

    Ensuring existing mortgages or liens are properly discharged.

    Adjustments

    Confirming taxes, utilities, and other costs are settled.

    Closing day

    Coordinating with buyer’s counsel to transfer title and release funds.

      Frequently Asked Questions

      Do I need a lawyer to complete my property purchase? Can I go with a notary?
      In BC, both lawyers and notaries can handle residential real estate transactions. A notary can assist with straightforward purchases, but their scope is limited – they can’t give you legal advice or advise in situations where a dispute arises. A lawyer can do everything a notary does, plus review contracts in depth, resolve disputes, and address more complex issues. If your deal is simple, a notary may be enough. If it’s more complicated or you want broader legal protection, a lawyer is usually the better choice.
      Do I need a realtor to buy property?
      You don’t legally need a realtor, but most buyers choose to work with one. Realtors help find properties, negotiate offers, and guide you through the practical side of the process.
      What are common subject conditions I should consider including?

      Subject conditions protect you by giving you a chance to confirm important details before the deal is final. They give you an “out” if something doesn’t check out, so it’s important to choose the right ones for your situation. Common ones include:

      • Financing – making sure your mortgage is approved.
      • Inspection – checking for hidden issues with the property.
      • Title review – ensuring there are no liens, easements, or surprises.
      • Sale of buyer’s property – making your purchase conditional on selling your current home.
      What is the difference between the completion date, possession date, and adjustment date?

      These dates are often close together but serve different purposes.

      • Completion date – when the purchase funds are paid, and the property title is officially transferred.
      • Possession date – when you get the keys and can move in. This is usually a day or two after completion.
      • Adjustment date – when things like property taxes, utilities, and rent (if applicable) are divided between buyer and seller.