Whitchurch-Stouffville


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Condos vs Townhouses vs Homes – The Differences Explained

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If you’re out looking for a house, eventually the time will come when you will have to make an offer on a house. Offers are most commonly presented in the form of a purchase agreement, or contract if you prefer. Just as a reminder, purchase contracts include the following sections: The agreed-upon price The earnest money deposit amount Property address and description Terms of sale Date of the final walk-through Closure date Home buyer’s contingencies (if any) When you write your purchase agreements, whether it’s with the help of a real estate agent or on your own, you will notice that the last part is called “contingencies”. This is one of the most important parts of your offer since it’s the part that gives you a way to back out of it without any consequences if the other party doesn’t meet the requirements or if you don’t feel comfortable with the contract overall. While you may include as many contingencies as you want in your purchase offer, you want to avoid including...
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