I've looked at a lot of houses on realtor and occasionally the write up says that a schedule A but accompany all offers.
what is a schedule A???

Hi,

I'm a Realtor operating in Calgary and surrounds. When I am listing a property for sale by a financial institution (usually a bank repossessed property), they will always insist that any offers coming in from buyers must have a Schedule A attached. The schedule essentially says things like the seller will not provide a Real Property Report, that the property is sold "as is, where is", with no warranties and that no unattached goods are offered with the property.

In short, it's the seller covering their backs.

It doesn't necessarily mean it's a bad property though.

Hope this helps.

Eamonn.

Thanks for that.

Oh dear there mush be quite a lot of repossessed properties around then as I have seen quite a few asking for a Schedule A.

Does that mean that if the ad states that "all offers must be accompanied by a Schedule A that effectively the buyer is confirming with the offer that they have no come back on the seller?

Thanks Nicky

in NS it often means the property has been rented and/or the seller hasn't lived there, so they cannot honestly say if there is a problem with the property, and yes, it means you are buying as is so you have no come back on the seller. That's why it's best to have a thorough check of the property done first - especially if it is not on mains water or sewarage

Thank you.

That helps anyway. I thought it might be some sort of document proving a mortgage has already been approved in principle or something like that.
So presumably it's something that a realtor can help with if needs be?

Hi,

As Val and yourself intimated, both your Realtor, if you use one to help you buy and your Home Inspector (if you choose to have a Home Inspection) can help you to make a judgement about whether the home (any home, not just one where Schedule A features) is a sound bet. Use your own judgement too though. Don't rush through properties (or allow yourself to be rushed through them). Take your time. Look carefully.

Eamonn.