As a buyer, it’s important to ensure that you and your real estate agent are protecting your best interests when entering into a real estate transaction. One way to do this is by including conditions in your offer on a property known as the agreement of purchase and sale. These conditions are essentially clauses that outline specific actions that must be taken, or certain conditions that must be met before the sale of the property can be completed.
There are several different types of conditions that you may want to consider including in your agreement of purchase and sale. For example, you may want to include a financing condition, which allows you to back out of the sale if you cannot obtain financing for purchasing the property.
Another condition you may want to consider is a home inspection condition, which allows you to have a professional inspection of the property and to back out of the sale if the inspection reveals any issues that are not acceptable to you as the purchaser. Other conditions you may want to include could be a condition related to the status of the property’s title, a condition related to the property’s zoning, or a condition related to the property’s environmental condition.
It’s important to keep in mind that the conditions included in your agreement of purchase and sale should be reasonable and can be negotiated between you and the seller. You should also consult with a real estate professional or lawyer to ensure that your interests are adequately protected.
Including conditions in your agreement of purchase and sale can help protect your interests as a buyer and give you peace of mind during the real estate transaction process. Be sure to consider which conditions are appropriate for your situation carefully and to negotiate them with the seller.
Newest MLS listings in Quinte and PEC
Browse the most recent MLS houses for sale in the Quinte area and Prince Edward County. Search real estate listings to find exactly what you’re looking for and narrow results. Ready to book a showing? Fill out the form on the listing page or email hello@quinteliving.com.
167 - 11 Summer Village Lane
Prince Edward County, Ontario
86 Sunrise Drive
Prince Edward County, Ontario
1053 Smith Street
Quinte West, Ontario
213 - 175 Haig Road
Belleville, Ontario
60 Island Road
Prince Edward County, Ontario
309 - 54 Tripp Boulevard
Quinte West, Ontario
19 Broad Street
Prince Edward County, Ontario
5 Albion Street
Belleville, Ontario
12 Philip Street
Prince Edward County, Ontario
18133 Loyalist Parkway
Prince Edward County, Ontario
1467 County Road 19
Prince Edward County, Ontario
14 - 179 Herchimer Avenue
Belleville, Ontario
2 Armour Crescent
Quinte West, Ontario
96 Huyck's Bay Road
Prince Edward County, Ontario