- Mortgage Approval,
- Having the home inspected by a qualified Home Inspector,
- Receiving and approving the Title Search on the property,
- Receiving and approving the Property Disclosure Statement,
- Obtaining a quote for home insurance
Clauses can be added or waived depending on your circumstances and what you and Lulu or Tihana feel would be in your best interest. You will need to satisfy the conditions set out in your contract by a certain date, this is known as the "Subject Removal Date". An example of this would be you have the clause, "Subject to Home Inspection". You have done your home inspection and the findings are not what you expected and don't feel the condition was met, you now have the right to terminate the contract or negotiate the cost of deficiencies. If all condtions are met, your Realtor will prepare a "Subject Removal", which means all subjects will be removed and the contract is now firm.