Writing proper legal contracts in real estate is critical to a successful outcome. In Ontario we use standardized forms to be used by all real estate agents. These forms include clauses to protect the interests of the buyer, the seller, and the real estate companies involved.
I know these forms can be a bit overwhelming when you are presented with them the first time, because of all the fine print involved.
So, here is an opportunity for you to review the forms before you are in the middle of an offer negotiation. I have included an explanation, written in plain language English, so that you can better understand exactly what each paragraph means.
- Agreement of Purchase and Sale Residential (Offer Document)
- Agreement of Purchase and Sale Condo (Offer Document)
- Buyer Representation Agreement
If there is still something here that you’d like a better explaination of, please let me know.