Kawartha Lakes Real Estate Library – Agreement of Purchase and Sale
The Agreement of Purchase and Sale is the document that is used to state the Buyer’s desire to purchase the property, and to negotiate the terms of the sale. It is commonly referred to as an “Offer”. This document also allows the Buyer a chance to outline in detail all of the conditions they wish to be place in their Offer to buy the Seller’s property. After the Offer is Prepared and signed by the Buyer, it is presented to the Seller for Acceptance. The Seller, in turn, may want to make changes to the Offer for the Buyer to consider. This process can continue back and forth several times in an effort to reach an agreement.