Protect Yourself With Subject Clauses
Posted by Steve Harmer on
Think of a subject in an offer as insurance.
Once you find a Kamloops home and make an offer, you hope everything will go smoothly; but in case it doesn’t, you have an opportunity to add subject clauses that allows you to back out of the contract without losing money if something untoward happens.
Most agreements already have a few key subject clauses in place to protect against the bigger things—such as a lower-than-anticipated home appraisal—but there are subjects that go beyond the norm. If you’re about to make an offer, consider all of your options.
Standard subjects
Some subject clauses are commonly used when making an offer. Some examples:
- Home inspection: This gives the buyer the right to order a professional home inspection and…
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