10 Jan
Multiple Offers

Multiple Offers

Dealing with a multiple-offer situation as a Quebec buyer Entering a bidding war with another buyer isn’t ideal, but when the market is hot and the property well-priced, it’s bound to happen. Knowing the ins and outs of a multiple offer situation will help you come out the winner. First come, first served? The first thing to know is that it doesn’t matter who wrote their offer first – the seller is in the drivers’ seat. If a seller is…

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18 Jul
Conditions of Acceptance – The Promise to Purchase Deadline

Conditions of Acceptance – The Promise to Purchase Deadline

When you’re ready to make an offer on a property, your real estate broker will help you fill in a Promise to Purchase to present to the seller. In this document, you specify the price you want to pay, any applicable conditions and the deadline for responding. Until this deadline passes, you are legally bound to the price and conditions you presented. If the seller finds your price and conditions satisfactory and signs the Promise to Purchase, then both parties…

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