What happens if a sold property is damaged before the deal closes…

⁣Ok, today we are going to talk about what happens if a property gets damaged before the closing date…This is a nightmare scenario.You list your home, a buyer signs a sales contract, but before the deal closes, there’s a fire or other serious damage to the property. What happens then?The short answer is it’s complicated. Many factors affect how this situation plays out. ⁣If you are looking for a top-notch mortgage broker in Mississauga call us at, 416-451-4158.