Remax sarnia realty inc., Brokerage
1319 Exmouth St. Sarnia,
ON, N7S 3Y1

Ryan Gervais

Ryan is a full time Sales Representative with Re/max and look forward to being your guide to the Sarnia Real Estate market
ryan.gervais@sarnialistings.com

One more time Through

4
Oct
no Comments In Real Estate Law

When drafting an agreement of purchase and sale, a number of conditions are usually included as a schedule to the agreement.  These most often include clauses such as the deal is conditional upon the buyer securing financing so that they can actually pay for the home.  Another common condition is that the buyer finds a buyer for their previous home

Two conditions that give the right to enter the property are often misunderstood.  The first of these is the condition that the home buyer be able to have a home inspection of the property.  When I purchased my own home, the previous owner seemed to think that there was a limited amount of time that the inspector had to first inspect the property and then was going to refuse when the inspector requested that he be able to point out the issues that he had found.  My home inspector was extremely professional and dealt with the situation in a proper manner.

A home inspection, unless contracted differently is not limited to a short period of time.  If the condition is included that a home inspection be completed and that the buyer be satisfied with the inspection, it is in the seller’s interest to allow the home inspector and the buyer access so that they can make an informed decision on their purchase.  Failing to allow open access to the property may result in the buyer walking away from the deal.

The second and slightly less common condition that gives the buyer the right of entry before closing is the condition of a walk through.  This usually entails allowing the buyer to enter the property shortly before closing to make sure that everything is in order.

At the time of the walk through the contract is already binding on all parties.  The responsibility of the seller is that the property be in the same condition as when the agreement of purchase and sale was made, or the last time the buyer visited the property.

Buyer’s get the opportunity to make sure that the seller hasn’t damages the home or taken chattels that are included in the agreement.  I once had clients who were buying from an individual with some mental health issues.  The seller had actually removed telescopic support posts from the basement and destroyed much of the property a few days prior to closing.  Because the seller had damaged the property to such a degree they were able to walk away from the deal.

For seller’s who are worried… don’t be.  As long as you haven’t destroyed the house the last walk through just helps the buyer to start planning before they start racking up large bills with the local hardware store.

Ryan Gervais

Ryan Gervais is a full time multi-award winning agent who is here to help you through your real estate journey. Ryan's main passion is to protect his clients greatest investment by making sure you buy a great house for a fair price. Reach out today and see for yourself the difference a great agent can make.

(519) 381-4055
ryan.gervais sarnialistings.com

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