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Signing real estate deals requires careful attention
Buyers and sellers must be aware of many technical issues and requirements when signing real estate agreements.
Under the Ontario Statute of Frauds, real estate agreements are only valid if they are in writing and signed by the parties. A handshake agreement to sell your property will not be enforceable.
The standard resale agreement provides a spot for the buyer and seller to sign, as well as a witness. What happens if the witness does not sign? Can the seller or buyer cancel the agreement?
Read full article here
Buyers and sellers must be aware of many technical issues and requirements when signing real estate agreements.
Under the Ontario Statute of Frauds, real estate agreements are only valid if they are in writing and signed by the parties. A handshake agreement to sell your property will not be enforceable.
The standard resale agreement provides a spot for the buyer and seller to sign, as well as a witness. What happens if the witness does not sign? Can the seller or buyer cancel the agreement?
Read full article here