RE/MAX Québec inc. Tranquilli-T

When the buyer dies

With the RE/MAX Tranquilli-T Program, in the event of death of either the buyer or his/her spouse, you will be protected and the transaction will be guaranteed. In fact, between the time when all the conditions of the offer to purchase are met and the signing takes place at the notary's office, if the Estate no longer wants to buy the house, the agreed upon selling price is paid to you by the program.

Linda and Mark’s story

On August 15, with the help of their RE/MAX broker, Linda and Mark accept a purchase offer on their property. The signing of the deed of sale at the notary's office is scheduled for November 1. At the same time, the RE/MAX broker concludes the transaction on the purchase of the couple’s new property, with an occupancy date of October 20, as the property is in need of some minor work.

On October 13, the buyer suddenly dies. His spouse, the sole heiress, is reluctant to continue the transaction. The appointment at the notary's office must be cancelled in order for the Estate to be settled and to give the family time to mourn. The RE/MAX broker contacts the couple to advise them of the situation.

Linda and Mark are wondering whether they will be able to move into their new home on the scheduled date and, above all, how they will be able to afford to pay for two mortgages at the same time! Faced with this situation, they turn to their RE/MAX broker and expect to receive a solution to their problem as quickly as possible.

Solution: The Tranquilli-T Program

Fortunately, the RE/MAX broker had enrolled in the Tranquilli-T Program, so Linda and Mark will still receive the agreed upon selling price for their home. The resale of their home will be handled by the program, and so will the additional costs, such as taxes, maintenance fees, electricity, heating and any other costs related to the resale of their property. So Linda and Mark will therefore be able to move into their new home, as planned, without having to worry about an additional mortgage.

Certain conditions apply

CLIENTS COVERED BY TRANQUILLI-T

The seller receives the selling price as agreed in the offer to purchase.
The seller can continue with his plans with full peace of mind.
The sale of the property is handled by the program.

CLIENTS NOT COVERED BY TRANQUILLI-T

Following the death, the sale is postponed until the Estate is settled.
The seller risks losing the house on which he has made an offer.
The seller has to pay the additional costs incurred as a result of the buyer's death.