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The Buyer(s) confirm that they wish to register an Expression of Interest as outlined below, and request the Seller to prepare and issue a REIV contract in accordance with the following details. The Buyer(s) acknowledge that this expression of interest will remain valid for 2 weeks only from the date it is signed. This Expression of Interest is not a binding commitment and, until the contract documents are properly completed and signed by both the Buyer(s) and the Seller:
No contract is formed; and
The Initial Deposit paid by the Buyer(s) remains totally refundable.
Once the seller is in a position to enter into a contract it will do so at the agreed Purchase Price. At that time the Buyer(s) will receive the disclosure documents and a REIV land contract. The Buyer(s) must, if they wish to purchase the Property, sign and return the executed REIV contract and the other contract documents to the seller within 14 days of receiving them.
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