Owning a rental property involves considerably more than collecting rent and maintaining a building. Every decision a landlord makes—from selecting a tenant and documenting the tenancy to responding to maintenance concerns, arranging repairs and communicating about problems—can affect both the success of the tenancy and the landlord’s potential exposure when ...
Continue ReadingReal estate transactions involve a large number of decisions, deadlines, expectations and professional relationships. Buyers, sellers, landlords, tenants, lenders, lawyers, inspectors and real estate representatives may all be involved at different stages, and each participant may be working with only part of the information required to complete the transaction successfully. ...
Continue ReadingReal estate professionals naturally want to help people who approach them about selling a property. A new listing represents an opportunity to provide professional services, develop a client relationship and, if the property sells successfully, earn remuneration for the work performed. That can make declining a listing feel counterintuitive, particularly ...
Continue ReadingCommercial real estate transactions involve a different level of complexity from most conventional residential purchases. A buyer may be acquiring an income-producing investment, an operating location for a business, development land or a property containing existing leases and long-term contractual obligations. A seller may be disposing of an asset that ...
Continue ReadingReal estate representation is often described in terms of the transaction itself: finding a property, preparing a listing, arranging showings, negotiating an offer and getting the transaction to closing. Those responsibilities are important, but I believe good representation should begin considerably earlier than that and extend beyond simply completing the ...
Continue ReadingThe Canadian Centre for Housing Rights (CCHR) is Canada’s leading non-profit organization working to advance the right to housing. For the first 35 years of their existence – from 1987 until 2022 – CCHR was called the Centre for Equality Rights in Accommodation (CERA). The Canadian Centre for Housing Rights ...
Continue ReadingCommercial real estate can generate income, preserve capital, provide opportunities for appreciation and play an important role in a diversified investment strategy. It can also produce significant losses when an acquisition is based upon assumptions that do not survive contact with the actual property, market or financing environment. Unlike many ...
Continue ReadingDon’t brush off these telltale signs of a bad real estate agent Did you choose your real estate agent based on a friend-of-a-friend’s referral, a quick Google search, or even a flyer in a mailbox? Is your gut telling you it isn’t the right fit, but you’re not sure if ...
Continue ReadingMost people entering a real estate transaction do not imagine themselves becoming involved in mortgage fraud. The phrase tends to bring to mind stolen identities, forged documents, artificially inflated property values or organized schemes involving properties and borrowers who may not even know one another. Those situations certainly occur, but ...
Continue ReadingMultiple offers can change the atmosphere of a real estate transaction very quickly. A buyer who has spent several days carefully evaluating a property may suddenly learn that four or five other written offers have been submitted, while a seller who expected a relatively straightforward negotiation may unexpectedly find several ...
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