What are subjects and subject removal?
You might have heard of these terms a lot, but what does that mean when you have to remove subjects? Subject removal is like checking off a to-do list before you buy a home.
Before you put a deposit on the home, it’s the time when you make sure everything is as it should be. So this includes checking the house for any issues like an inspection, making sure that you can get a loan to buy it, or if you’re looking at a condo and townhome, and reviewing the strata documents. And when all of these things are okay, you give it a thumbs up and that’s subject removal!
Usually, that period is about seven business days.
Well, what if something is not right? No worries! You and the seller can talk it out to find solutions and if some items are not satisfactory to you, you can say ‘no thanks’ and walk away depending on what it is. When subject removal goes well, you’re all set to become the proud owner of a new home.
Subject removal is like a safety net, making sure you’re making a smart choice when buying a home.