How long is the subject removal period in Coquitlam?

Typically 5-7 business days. Can be longer (10-14 days) for new construction, complex strata, or financing-heavy deals.

What happens if I do not remove subjects on time?

The deal collapses. Your deposit is returned (assuming you were within the subject period). You walk away with no further obligation. The seller can then put the home back on the market.

Can I extend the subject removal date?

Yes, with seller's written consent via amendment. Common when waiting for a slow lender or specialty inspection. Sellers may decline if they have a backup offer.

What is a 'time clause' in a subject offer?

If a buyer's offer is subject to sale of their existing home, sellers often add a time clause: if the seller receives another firm offer, the subject buyer has 24-72 hours to remove the subject-to-sale condition or step aside.

Do I lose my deposit if I do not remove subjects?

No — as long as you formally collapse the deal within the subject period (per the contract). If you remove subjects and then back out, yes, the deposit is at risk and the seller may sue for damages beyond the deposit.

How do I remove subjects in writing?

Standard BCREA subject removal addendum, signed by buyer and acknowledged by seller (or seller's agent). Your REALTOR® drafts and submits.

What is a 'no-subject' offer in Coquitlam?

Offer with zero conditions — also called 'naked' or 'firm' offer. Common in hot markets to win bidding wars. Carries substantial risk; only consider with cash, pre-arranged unconditional financing, and willingness to absorb any inspection issue.

Should I waive financing subject?

Generally no, unless you have unconditional pre-approval in writing from a lender (rare) or are paying cash. Waiving financing without certainty is the #1 way Coquitlam buyers lose six-figure deposits.

What is the difference between subject removal and closing?

Subject removal = the deal becomes firm; deposit is at risk. Closing = ownership transfers; you take possession. There is typically 30-90 days between the two.

How do I prepare for subject removal in Coquitlam?

Arrange financing pre-approval before writing offers. Have an inspector lined up. Know your strata document review process. Have a lawyer/notary ready. Move fast on each subject — most subject collapses come from leaving things to the last day.

Coquitlam · Subject removal

Subject removal in Coquitlam — the buyer's straight read.

Subject removal is the most consequential moment in a Coquitlam home purchase. Once you sign the subject removal addendum, your deposit is at risk and you are committed to the purchase. Here is exactly what the conditions mean and how Coquitlam buyers should approach them.

Book a Strategy Call Call Craig — 604-202-6092

Subject removal · Coquitlam

Every common subject explained — what it protects, what it costs you.

When you write a subject offer on a Coquitlam home, you typically include 4-6 conditions (subjects) that must be satisfied before the deal becomes firm. The standard subject removal period is 5-7 business days. Here is what each one actually does.

Subject to financing

Confirms you can secure the mortgage. Without this subject, if your financing falls through after acceptance, you lose your deposit. With this subject, you have until subject removal to confirm financing in writing from your lender. Critical for any buyer not paying cash.

Subject to inspection

Allows you to walk away if the home inspection reveals material defects. Inspect within the first 2-3 days of the subject period to leave time for follow-up specialty inspections (oil tank, sewer scope, mould).

Subject to review of strata documents

For strata properties only. You receive Form B (current strata fees, special assessments, parking/storage assignments), 2 years of council meeting minutes, depreciation report, financial statements, bylaws. Read every line. Buildings with deferred maintenance often show up here first.

Subject to title review

Lawyer/notary reviews title for liens, encroachments, easements, restrictive covenants. Standard.

Subject to insurance

Confirms you can secure home insurance. Buildings with prior water damage, knob-and-tube wiring, oil tanks, or earthquake-zone considerations may face limited insurance availability or high premiums.

Subject to sale of existing home

Used when buyers need to sell their current home to fund the purchase. Sellers often resist this subject; some accept it with a 'time clause' (24-72 hour right of first refusal if seller gets another offer).