Creating a second suite can look deceptively simple. An investor walks through a property and sees an unfinished basement, or perhaps a basement that already has a kitchen, bathroom, bedrooms and a separate entrance. With rental demand and the potential for additional income, it can be tempting to calculate the ...
Continue ReadingMost consumers have a general idea of what they expect from a real estate agent. A seller may expect advice about pricing, marketing and negotiations, while a buyer may expect help identifying properties, evaluating opportunities and preparing an offer. Commercial and investment clients may require assistance with leasing, acquisitions, due ...
Continue ReadingNot every real estate transaction requires the same level of advice, analysis or professional involvement. Some transactions are relatively straightforward, while others involve significant financial commitments, contractual obligations, operational considerations and risks that may continue long after a property has been purchased, sold or leased. That distinction can also influence ...
Continue ReadingFinding the right commercial space can be an exciting step for a business. A new location may provide room to grow, better access to customers, improved facilities or the opportunity to establish a business in a market it has been trying to enter. Once a suitable property is found, however, ...
Continue ReadingWhen mortgage rates begin to decline, it is understandable that prospective homebuyers may consider waiting. The reasoning seems straightforward: if borrowing becomes less expensive in the future, waiting for another rate reduction should make the eventual purchase more affordable. But real estate affordability is determined by more than the mortgage ...
Continue ReadingCommission rebates have become one of the ways some real estate brokerages differentiate their services. A buyer or seller may be offered a portion of the remuneration associated with their transaction back as a rebate, sometimes described in advertising as a percentage of commission, a fixed dollar amount or simply ...
Continue ReadingCan a home seller consider other bids after accepting a conditional offer? The short answer is yes, but you have to be cautious. Accepting a conditional offer does not always mean that a seller wants to stop considering other opportunities. This becomes particularly important when a buyer’s offer contains a ...
Continue ReadingBuying a property from an estate can look very similar to any other resale transaction. The property is listed, buyers arrange showings, an offer is prepared and, if accepted, the parties work toward closing. The difference lies in who is selling the property and how much information may be available. ...
Continue ReadingSelling a business is very different from selling a conventional residential property. A house can usually be marketed openly. Buyers can view it, compare it with recent sales and make an offer based upon information that is largely available in the marketplace. A business sale often requires a much more ...
Continue ReadingConditional clauses are an important part of real estate transactions because they allow a buyer or seller to address uncertainty before becoming fully committed to a particular outcome. A buyer may require time to arrange financing, inspect the property, review condominium documents, investigate zoning, assess environmental matters or evaluate whether ...
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