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Waterfront & Non-Waterfront <> Residential - Cottages & Recreational - Resorts & Commercial - Investment Property

   

Closing

The Lull from Sale to Closing

OK, chances are it's not a quiet period. It will be a time of frenzied packing and reorganization. Just remember not to pack anything that you agreed to sell! And unless you specifically mentioned certain fixtures, everything must remain in place.

You are responsible for handing over the home in the same condition it was at the time of closing. This applies to everything that was agreed to in the agreement.

If the home suffers a major calamity, you are responsible for telling the purchaser through me, at which point the purchaser may, at their option, walk away from the deal and have the deposit returned. The purchaser may also choose to close and receive any insurance proceeds for any repairs. In this unfortunate event, remember not to make any repairs until you find out what the purchaser wants to do.

It's Sold - The Closing

Once signing the agreement, both the vendor and purchaser are under a legal obligation to close. If you decide not to for whatever reason, the purchaser has the right to sue.

If the purchaser decides to walk away from the deal, you can claim the purchaser's deposit or sue for damages.

Just Because Your House Has Sold, That Isn't the End

Chances are you've bought a new home, or are in the process of looking for one. While you already have experience with the home-buying process, I can help you with a buyers' guide, calculators, worksheets, checklists, calendars, list of professionals and important tips you need.

Also, if you are moving out of the area I can help you to find to another agent for your needs.

 

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Mike Bussiere
Sales Representative

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Re/Max North Country Realty Inc. Brokerage
75 West Rd., Huntsville, ON    P1H 1T4
Phn: 705) 788-1444    Fax: (705) 788-1441
Cellular: (705) 787-5333    Toll Free: 1-800-817-8850

 

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