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Unconditional offers to buy are binding, appeal court rules

An “unconditional” offer is one that is made without any conditions attached – such as the buyer first being able to obtain financing, obtain a satisfactory home inspection, sell their existing home and/or other stipulations.
In a recent case called Perkins v. Sheikhtavi the Ontario Court of Appeal reinforced the idea that there is generally no “escape hatch” once you have made an unconditional offer, even when there is a drastic and unexpected turn of events soon after.

https://www.remonline.com/unconditional-offers-to-buy-are-binding-appeal-court-rules/?utm_source=REM+Inbox+Update&utm_campaign=b80e88fab7-EMAIL_CAMPAIGN_2020_10_09_03_24&utm_medium=email&utm_term=0_3f4c7c7b65-b80e88fab7-61047697

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