When is a purchase agreement unconditional?


Questioner

When is a house purchase agreement unconditional? Is it the moment that the buyer hears from his bank, verbally or in writing, that his financing is complete? In other words, can you attach a precise time to the moment that a purchase is ''unconditional''?

Lawyer

If all goes well, the purchase agreement should indicate at what point the resolutive condition can no longer be invoked. Without knowing the exact text of the conditions, I cannot advise you more precisely. You can send me the text via a private message so that I can assess it.

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