– One Tip So You Don’t Break The Law –
We’re back this week with 
ONE TIP THAT COULD KEEP YOU FROM BREAKING THE LAW
This week we are swamped so this is a short one… but the impact this tip can have on your life is mind-blowing & has a simple solution!
Don’t forget to grab this week’s free download — it will cover 5 tips every Buyer or Seller need to be aware of!
What happens when you buy a home with someone & they pass away before you can close?
I know, it’s something none of us want to think about, but if it were to happen, would you be able to afford the home on your own?
The process of buying a home is very specific & the contracts are binding — Just because your circumstances change does not mean you can walk away.
Once you have removed all conditions in an offer to purchase, we consider the deal “firm” aka… you need to have funds on closing day & title needs to transfer into the new buyers’ names or, be subject to legal action from the Seller.
So in this terrible scenario, one of the Buyer’s has passed away between the offer firming up & the closing day.
You are legally bound to purchase but the cost of carrying the home is too much on your income alone… don’t worry we’ve got you covered.
The good news is that the solution is so simple & any of us can protect ourselves.
It’s all about the insurance! Update your life insurance policy by the cost of your new home from the day your offer becomes firm.
Should anything happen, you’ve now got viable options to avoid a breech of contract
– Keeping it Genuine –
Your Realtors,
The Edwards Team Of Todd Real Estate Ltd., Brokerage
The Genuine Blog
