You've sold your home, you can't wait for it to close before you make arrangements to buy another. Unforeseen situations may occur, causing the buyers to be unable to close on the purchase of their home, leaving the sellers in a difficult situation. For example:
- financing withdrawal
- job loss
- separation
- fire
- a surveying problem
- death of the purchaser
When these things happen the closing may be delayed or even cancel the closing of the 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 may be covered by the program for a period of 180 days, up to a maximum of $25,000.
CLIENTS COVERED BY TRANQUILLI-T
- clients are reimbursed for additional expenses incurred due to such unforeseen circumstances.
CLIENTS NOT COVERED BY TRANQUILLI-T
- Clients must pay the additional expenses incurred due to the unforeseen circumstances.
Terry and Janice's story
Terry and Janice, a young couple, are in the process of selling their starter condo. They have found the home of their dreams, and have an offer on this home subject to their home selling.
Shortly thereafter, their RE/MAX agent obtains a purchase offer, for their present home, from Mr. and Mrs. Somerville. With-in two weeks all conditions are removed, and Marty and Joyce have removed condition on their new home and they are packing and preparing to move into their new home.
However, a few days before the final documents are signed, Mr. Sommerville looses his job, and they no longer qualify for the mortgage. They phone their real estate agent to let him know.
The RE/MAX agent contacts his clients, Terry and Janice, 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.
With the help of their RE/MAX agent, Terry and Janice 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. Terry and Janice need not worry about additional expenses either, such as electricity, gas, insurance, movers, storage, legal, banking and interest charges.
We are very pleased to be able to participate in this program which is only available to RE/MAX agents. We are always interested in any service that will make the real estate experience less stressful for our clients. Not every RE/MAX agent can offer this program, their entire office has to agree to enroll in the program, which is the situation with RE/MAX Lakeside in Chestermere.
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