What Happens If a Buyer Walks Away After Waiving Conditions
Posted on Nov 20, 2025 in Offers and Paperwork
What Happens If a Buyer Walks Away After Waiving Conditions?
In Ontario real estate, once a buyer waives their conditions, the deal is considered firm. At that point, both parties are legally bound to complete the transaction. But what happens if the buyer has second thoughts—or simply walks away?
It’s not as rare as people think. Life changes quick...
Do Sellers Get the Deposit if a Buyer Defaults?
Posted on Oct 23, 2025 in Offers and Paperwork
Do Sellers Automatically Get the Deposit if a Buyer Defaults
One of the biggest misconceptions in Ontario real estate — especially in the GTA and Toronto — is that if a buyer defaults, the seller automatically gets to keep the deposit cheque.
The reality is more complicated. Deposits are not automatically released to the seller. In fact, there are s...
The reality is more complicated. Deposits are not automatically released to the seller. In fact, there are s...
Escape Clause and Conditional Offers
Posted on Nov 19, 2024 in Offers and Paperwork
An Escape Clause is One of Your Options When Accepting a Conditional Offer
I am selling my property. If I accept an offer that is conditional on the buyer selling their home, can I still consider other offers?
This is an interesting and important question that both buyers and sellers should discuss with their salespersons to fully understand before e...
