Agreement of Purchase and Sale

When you find the right home and you're ready to make an offer, the Agreement of Purchase and Sale is the document that makes it official. This is a legally binding contract, signed under seal, which means it carries the full weight of the law. Once both parties sign, you're committed. That's why it's so important to have an agent like Tory who walks you through every line, explains every clause, and ensures you're protected before you put your name on anything.

Here are the typical forms Tory will include when putting in an offer on your behalf:

1. Form 100 : Agreement of Purchase and Sale

This is the core document. It outlines the property you're buying, the price you're offering, the deposit amount, included/excluded items, proposed closing date, and any conditions (like financing, home inspection, or review of status certificates). This is where every term of the deal is laid out clearly. Tory ensures every detail is in your favour before you sign.

2. Schedule B (Listing Brokerage)

This is a schedule provided by the listing brokerage that may include additional terms, conditions, or clauses that come with the listing. Tory reviews this carefully with you to make sure there's nothing unexpected or disadvantageous buried in the fine print.

3. Form 320 : Confirmation of Cooperation

This form confirms the cooperation between the listing brokerage and the buyer's brokerage. It outlines how commissions are divided between the two brokerages involved in the transaction. It's a standard administrative form that keeps the business side transparent and clear for everyone.

4. Form 127 : Conditions in Offer by Acknowledgement

This form acknowledges that you, the buyer, understand the conditions included in your offer (such as financing, inspection, or review of documents). It ensures you're fully aware of what conditions need to be satisfied before the deal is firm.

5. FINTRAC : Receipt of Funds

This form is used to document any funds received in relation to the deposit on the property. It's a compliance requirement under Canadian law and ensures that all financial transactions related to your purchase are properly recorded and transparent.

Additional Forms

Depending on the specifics of your offer, additional forms may be included, such as amendments, counter-offers, or property-specific disclosures. Tory will always explain any additional paperwork before you sign.

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Buying a home is one of the biggest decisions you'll ever make. Tory ensures you understand every document, every clause, and every obligation before you commit. No surprises, no confusion. Just clear, confident guidance through one of the most important transactions of your life.