When you make and offer to buy a property or receive an offer for a property you have for sale, it's important that you read and understand the content. It is especially important to understand
any conditions or any changes that are made to the standard offer.
An offer may contain several types of conditions. The most common are "conditional upon arranging financing", "conditional upon a professional home inspection" and conditional upon obtaining property insurance, however, there may be other conditions as well.
You should be aware of – and fully understand – all of them. In addition, the wording of an offer may change during the back and forth negotiations that often happen. Aside from changes to the price, other clauses may be added, removed or reworded as well. Your agent will always ask you to initial changes. This is done primarily to ensure you know and approve of what you're signing.
A lack of understanding of any clause in an agreement may cause misunderstandings or worse a legal dispute.
You don't want that to happen to you. Take the time to carefully review and understand any offer.
Having a knowledgeable Realtor working for you will assist in making sure everything goes smoothly with your next move.
Richard Thyssen, Broker of Record
Colleen Thyssen, Sales Representative
Direct: 519-495-1541
Email: rthyssen@rogers.com
www.thyssengroup.com
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