When the buyer withdraws his offer
Whether you are buying or selling a property, certain unforeseen situations may occur. For example:
  • financing withdrawal
  • job loss
  • separation
  • fire
  • a surveying problem
Such occurrences may delay and even cancel the signing of the deed of sale. With the RE/MAX Tranquilli-T program, if such a situation should occur anytime after all the conditions of the offer to purchase are met, the additional charges incurred over and above $300 are covered by the program for a period of 180 days, up to a maximum of $25,000.

CLIENTS COVERED BY TRANQUILLI-T

CLIENTS NOT COVERED BY TRANQUILLI-T

Esther and George's story

Esther and George, young pre-retirees, are in the process of selling their property. They have found the home of their dreams, by a lake, and plan on moving into this property in July.

Shortly thereafter, their RE/MAX agent obtains a purchase offer, for their present home, from Mr. and Mrs. Teasdale. The signing at the notary's office is scheduled for June 15.

However, a few days before the deed of sale is signed, the Teasdales separate, and so their plans of buying this property are dashed, needless to say. They phone their real estate agent to let him know.

The RE/MAX agent contacts his clients, Esther and George, to tell them the bad news. They are devastated and very worried. They need the money to finalize the purchase of their dream home and they certainly can't afford to pay two mortgages at the same time.

Solution: The Tranquilli-T Program

With the help of their RE/MAX agent, Esther and George decide to put their home back on the market. Thanks to the fact that their agent had enrolled in the Tranquilli-T program, they qualify for coverage of a number of the expenses caused by the withdrawal, up to a maximum of $25,000* or 180 days. Esther and George need not worry about additional expenses either, such as electricity, gas, insurance, movers, storage, legal, banking and interest charges.

Certain conditions apply