So you've gotten your mortgage pre-approval from your lender you're heading out house hunting soon and you're wondering how to actually go about purchasing a property once you find one that you love keep watching as I will highlight the eight main elements you'll need to consider to write a successful offer and get into your Edmonton dream home there are definitely a lot of complicated terms conditions and nuances involved in writing an offer to purchase a home so just to clarify these are the common aspects of the basic purchase contract that you'll need to decide on this holds true whether you're being assisted by a realtor or not so let's get right into it purchase price this is the part of the offer that is often heavily negotiated on so leave lots of room to cross out and change the amount when deciding on a purchase price you'll want to review what the current market is doing what similar homes in the neighborhood have recently sold for and how long the home has been on the market unattached Goods included and excluded in Alberta the items that are commonly included are appliances such as refrigerator stove microwave dishwasher washer dryer window coverings hot tubs sheds and garage controllers completion day AKA possession day it's the day that the vacant possession is given to the buyer typically keys are released at 12 noon on this day you don't want it to be on the weekends since most lawyers offices are closed sometimes possession is delayed a bit so it's a good idea not to schedule anything on possession day like movers internet installers or other service providers deposit amount who will hold the deposit when the deposit will be paid the deposit amount is typically between one to...
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About Alberta Real Estate Purchase Contract
The Alberta Real Estate Purchase Contract is a legal document that outlines the terms and conditions of a property purchase agreement in the province of Alberta, Canada. It is a binding agreement between the buyer and the seller, defining the obligations and responsibilities of both parties. The contract includes details such as the purchase price, deposit, closing date, possession date, conditions of the sale, and any applicable warranties or representations. It is signed by both the buyer and the seller, as well as a witness. Anyone looking to buy or sell real estate in Alberta needs a Real Estate Purchase Contract. This document is essential for protecting the interests of both parties and ensuring a smooth and successful transaction. Real estate agents can help prepare and review the contract, but it is ultimately up to the buyer and the seller to agree to the terms outlined in the document.
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