Question: Seller just accepted an offer on Friday night (of a long weekend). The Buyer’s agent texted me this morning saying his client hurt her leg on the stairs and …
Limit the Liability on the Purchaser
We previously looked at a very straightforward situation. The husband and wife are trade up Buyers. They wish to sell their $1 million dollar property and buy a $2 million …
Limit Liability for Husband and Wife as Buyers
We have a very straightforward situation. The husband and wife are trade up Buyers. They wish to sell their $1 million dollar property and buy a $2 million dollar property. …
Seller Sues on Two Transactions
The Seller will sue the defaulting Buyer both on the sale and on the purchase. Why should the Buyer get stuck with damages on the second deal? Wasn’t that the …
Novation of an Agreement
So many times real estate agents ask whether you can revive a dead Offer. The answer is simple “no”. And, that’s all there is to it. The Offer that became …
Replacing the Topsoil and Sod
There are many time when a specialized clause is required for certain circumstances. Here’s one drafted by Fabio Ferri which perfectly suits the issues addressed: “We sometimes find ourselves in …
An Emoji Can be a Signature
Basically, we are now back to the days of hieroglyphics when documents would be etched in stone or cave man days when a picture on the wall would tell a …
Pool Defective: Leaks after Closing
Question: A Buyer rejects a home inspection when the Seller’s agent confirms in an email to the Buyer’s agent that the pre-existing pool was replaced in 2018 and there are …
Spousal Consent: Keep the Spouse Updated
Question: My client has owned her condo for over 20 years. She got married almost 2 years ago. She is now selling her condo and they will purchase a new …
Anticipatory Breach: Advantages to Seller
The Buyer and the Seller enter into an Agreement on 1 April to convey the property for $1,200,000.00 to the Buyer closing on 30 August. Later in the month of …