Sentences with phrase «conditional on the buyer»
One fairly common clause is that the offer is conditional on the buyer selling his or her own home.
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A condo buyers purchase agreement should be conditional on the buyer receiving this information and having enough time to review it.
Having said that, let me re-phrase the Post; You are offering the house for sale conditional on the buyer taking out a loan with you.
Not exact matches
Another clause you should always include is the «conditional on sale of existing home clause,» which eliminates the likelihood that you'll end up desperate to find a buyer for your home because you're having to carry two mortgages since your old haunt hasn't sold yet.
As usual, the transaction may be conditional on financing, which will be arranged on the higher price that the new buyer has agreed to pay.
Additionally, and in this case, if the buyer makes their offer conditional on a SPIS then from a practical perspective the seller either has to complete one, or not sell to that particular buyer.
The buyers agreed to purchase the property without making the sale conditional on a home inspection.
It needs to assess how likely a prospective buyer is to trigger the conditional payment and extend that risk based on the length of the policy.
As usual, the transaction may be conditional on financing, which will be arranged on the higher price that the new buyer has agreed to pay.
It is also important for buyers to understand that when they make a transaction conditional on financing, they have a legal obligation to act in good faith in trying to satisfy this condition.
Instead of, all of a sudden, the norm to everyone (dependant on market location) is that you now have to offer 50 to 100 or 500k over the asking price, without conditional protections for the buyers to even have a hope getting their offer accepted.
To properly protect the Buyers the Sales Rep. should have made the agreement conditional upon the home inspection and conditional on financing.
Tell Buyers No. 2 that Buyers No. 1 exist and that the backup offer is conditional on the contract from Buyers No. 1 failing.
Frank even added a rider to the second offer, using a form available in his brokerage office, that stated: «This contract is conditional upon a senior contract between Buyers No. 1 and seller not closing on or before Sept. 28, this year.
The buyer should still make the transaction conditional on being satisfied with the results of their own home inspection report before committing to the purchase.
If a buyer's agent asks the seller's agent, «Is there an accepted conditional offer on this property?»
DEV - 01 Conditional Upon Suitability for Roads / Servicing DEV - 02 Home Under Construction DEV - 03 Intention of Buyer to Develop DEV - 04 Ontario New Home Warranty Program DEV - 05 Price Based Upon Acreage DEV - 06 Conditional Upon Re - zoning / Minor Variance DEV - 07 Conditional Upon Right - of - Way Permission DEV - 08 Right to Access Property for Preliminary Work DEV - 09 Conditional Upon Services - Hydro / Telephone DEV - 10 Conditional Upon Severance - Seller Undertakes Expense and Completion DEV - 11 Partial Discharge Privilege on Seller Take Back Charge / Mortgage
Failing that, she should have urged the buyer to hire a home inspector or make the offer conditional on an inspection.
Unfortunately, like the decision to hide «conditional sale status» from buyers looking for homes on the Calgary MLS system (Ontarians would love to see that crazy consumer misleading form required to be signed by the Seller of every conditional sale), this move to legitimize formal disclosure through a limited explanation is yet another breach of the Code of Ethics required to be followed by all members of CREA.