When taking possession of a new home, what does broom swept condition actually mean?
Category: Agreement of Purchase or Sale
What exactly is broom swept condition?
My seller won’t close. Now What?
We’ve all heard of buyer’s remorse. But what if a seller won’t close? Finally. You signed an agreement last night to buy your dream home. You’re so excited that you can’t sleep. You think about all those other homes you saw and lost out on. All the bidding wars you’ve lost, and the emotional rollercoaster… Continue reading My seller won’t close. Now What?
What is a mutual release?
Congratulations. You signed on the dotted line last night and you’re so excited to become a homeowner. In today’s dynamic real estate market, we all know it was quite the emotional rollercoaster to get to this point and while you should be excited, today’s topic is two words that no buyer or seller hope to… Continue reading What is a mutual release?
Practical Tips on Drafting Title Insurance Clauses in Alberta
When it comes to closing a home in Alberta, on occasion, the seller may offer a credit for the costs to the buyer to purchase a title insurance policy in lieu of the seller providing an up-to-date real property report (RPR). When considering the prospect of drafting title insurance clauses, into your agreement of purchase and… Continue reading Practical Tips on Drafting Title Insurance Clauses in Alberta