“The deal is dead.” They just hung there. The four words you never really want to hear in real estate. Almost like “I’m breaking up with you.” Words like these can make you feel a little sick to your stomach – sometimes a lot sick to your stomach – but that’s not the way Rhonda […]
Archive | Agreement of Purchase and Sale
RSS feed for this sectionPlaying Nice v. Following Your Contract
So you’ve sold your home and signed your agreement of purchase and sale. The i’s are dotted and the t’s are crossed. Now it’s just a matter of waiting for closing so you can get your money. As a seller, your main and possibly only worry at this point is not wanting your buyers to […]
Get That Signature Witnessed!
Have you ever wondered why it’s important that signatures to an agreement be witnessed? If you have, you’re not alone. Recently, we’ve done deals with other agents who have tried to tell us that signatures don’t need to be witnessed if an offer is negotiated by fax or email and that it’s okay to witness […]
Buyer Balks – Who Gets Deposit?
It used to be that you could buy a house on a handshake or with a $500 deposit. You can still do that in certain places, but not in Toronto. It’s now not uncommon to see deposits of $50,000-$100,000 or more. While this could be seen as a somewhat sad comment on the morals of […]