The steps after the Promise of purchase
Once the Promise to purchase or the Counter-proposal to the promise to purchase has been accepted, you must make sure all the conditions they contain are fulfilled, including the pre-purchase inspection, receiving all the documentation concerning the property, and obtaining your mortgage financing. It is important to understand clearly the steps to fulfilling the conditions contained in your promise to purchase and to make sure you meet the deadlines.
3 Questions?
Because you used the services of a broker, you are protected under the Real Estate Brokerage Act, which includes several protection mechanisms in case you feel that an aspect of your transaction did not go well. But first, discuss it with the executive officer of your broker’s agency. At any time, do not hesitate to contact an Info OACIQ agent, who will be happy to answer your questions and will direct you to the appropriate resources.
