As we know, the real estate market in Quebec is characterized by a gap between a huge demand and a rather discreet offer. This makes many people hesitate to put their property up for sale, because they fear that they will not find what they are looking for. This feeds the stalling cycle in which the real estate sector is caught.
Is this true for you? Do you dream of selling your home in order to move to a new residence that better suits your current life? Yet you have reservations about putting your home on the market, fearing that you won’t be able to find a replacement home afterwards?
We understand that it can be scary at this time to put your home on the market without the certainty of finding the property you want. However, you should know that Team Labrosse can guide you in your steps and inform you of the possibilities that can protect you in this type of situation.
A clause can, for example, be added to your brokerage contract. A condition that would allow you to easily withdraw the listing from the market, in the event that you do not manage to find a new home within the desired time frame.
Another mention can protect you from a problematic position. If you still haven’t found your replacement property by the time a promise to purchase is filed, we can write in that the sale will be conditional on you finding your new home within the predefined time frame.
You can also plan for a reverse situation. You have received a promise to purchase. You then find the house of your dreams. You want to submit a promise to purchase. We can write a stipulation into the contract that would protect you in the event that your buyer withdraws his offer following the inspection of your home or for financial reasons. This would make your promise to purchase hypothetical if you sold your property first.
Rest assured! As you can see, Team Labrosse is able to support you in this important step of your life. You can go ahead with your project without worrying; there are ways to protect yourself and avoid being caught in a complex and worrying situation.
Would you like to learn more about the current real estate market or about the different ways to protect yourself against unpleasant surprises? Contact Équipe Labrosse. It will be our pleasure to answer your questions and share our expertise with you!
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