1.1 The Buyer agrees to pay the balance of the purchase price, subject to adjustments, to the Seller on completion of this transaction, with funds drawn on a lawyer's trust account in the form of a bank draft, certified cheque or wire transfer using the Large Value Transfer System.
1.2 The Buyer shall have the right to visit the subject property 3 (three) more times prior to completion at a mutually agreed upon time. The Seller agrees to provide access to the property for the purpose of these visits. The Seller agrees that the final walkthrough, for the purpose of inspection, will be within the 48-hour period prior to closing.
1.3 The parties acknowledge that the information provided by any real estate salesperson or real estate broker or real estate brokerage shall not be constructed as expert legal advice, tax advice, environmental advice, advice on zoning changes, or engineering advice and the parties acknowledge that the salesperson, broker, or brokerage has advised that the parties seek independent legal and professional advice on any of the above matters and concerns prior to signing of this agreement.
1.4 The parties hereto consent and agree to the use of electronic signature pursuant to the Electronic Commerce Act 2000, S.O. 2000, c17 as amended from time to time with respect to this Agreement and any other documents respecting this transaction.
1.5 Upon completion of the transaction, the Seller shall provide any keys to the property by leaving them in a lockbox or a similar secure device accessible to the Buyer on closing and all other keys and access devices shall be left in a secure location inside the property. The Seller’s lawyer shall provide the Buyer’s lawyer with the location of all keys and the combination of the lockbox or secured device to access the property.
1.7 Permission to publish and distribute sales information: In accordance with the Federal Privacy Act (PIPEDA); upon the fulfillment of all conditions contained within this Agreement, all parties to this transaction consent to the publication and distribution of the sale/lease price of the property. EXP Realty, Brokerage and their sales representatives are authorized to advertise and disclose the sale price to other Realtors and to the public, while conducting and promoting their daily Real Estate activities, provided that the Seller(s) or Buyer(s) names are not specifically disclosed.
1.8 If required the Seller acknowledges and agrees to provide access to the property for the purpose of the buyer's financial institution appraising value for mortgaging purposes. The Buyer's financial representative will NOT be accompanied on a property visit by a RECO Registrant and this visit shall be in addition to any other agreed upon visits.
1.9 The Buyer has the right and the Seller agrees to allow the Buyer to add or remove one or more names as a purchaser to this transaction through an amendment of the Agreement of Purchase and Sale at any time on or before closing. The Seller agrees to comply with such request in a timely manner. The Buyer represents and the Seller acknowledges that it is the Buyers intention to own the home on the property and this may occur under the Buyers personal name, a current corporation, or a business to be incorporated.
This offer is conditional for 6 [Six] banking days from the date of acceptance of this offer, upon the Buyer:
A] Obtaining financing satisfactory to the Buyer B] Inspecting the subject property by a qualified inspector and being satisfied with the report in the Buyer's sole and absolute discretion at Buyer's own expense C] Arranging insurance satisfactory to the Buyer
Failing which this offer shall be null and void and the deposit shall be returned to the Buyer in full, without deduction. These conditions are included for the benefit of the Buyer and may be waived at the Buyer's sole option by notice in writing to the Seller within the time period stated herein.
This Offer shall be conditional upon the Buyer, at the Buyer’s expense, obtaining a home inspection of the property by a qualified home inspector within 5 days of acceptance of this offer.