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How To Minimize Water Damage
It’s amazing how much damage water can cause. Just two gallons of water from a burst pipe or overflowing toilet can wreak havoc throughout your home and necessitate thousands of dollars in repairs. Ouch!What should you do at the first sign of water leakage? First, stop the source. Turn off the ...
Continue ReadingHow Are You Going To Get Your Money Out Of The Business ???
And how much money are you going to get? Liquidation One often-overlooked exit strategy is simply to call it quits, close the business doors, and call it a day. (not a great one). If you liquidate, however, any proceeds from the assets must be used to repay creditors. The remainder gets divided ...
Continue ReadingCan I Buy a Property Without a REALTOR® ?
Yes. Just like a Seller can represent themselves, so can a Buyer. In Ontario, REALTORS® usually work with Buyers in one of 2 ways. The most common relationships are “client” and “customer”, but other options may be available in the marketplace. A Buyer’s Representation Agreement acknowledging a Client relationship is an ...
Continue ReadingWhen it Comes to Offers, it’s Not Always about Price
When considering which of two or more competing offers to accept for your property, there is no doubt price will play a huge role. After all, if Offer #1 is $10,000 higher than Offer #2, that’s an enticing difference that puts thousands of extra dollars in your pocket. However, price isn’t ...
Continue ReadingFour Signs You’ve Outgrown Your Current Home
It’s not uncommon for couples with growing families to trade in their compact cars for something roomier, like a mini-van. The same thing happens with homes. Sometimes families simply outgrow them. How can you tell if that’s happening with your property? Here are some sure-fire signs: 1 – You need more space.This ...
Continue ReadingDoes Your Home Insurance Cover Everything?
When you suffer damage to your property or its contents, you expect your insurance company to help you out. And, most do a good job of doing just that. Still, it’s a good idea to review your policy with your insurance advisor and find out what’s covered and what isn’t. For ...
Continue ReadingBrokerage Commissions and Fees
When charging for services in relation to a trade in real estate, a brokerage can use an agreed fixed amount, a percentage of the sale price, or a combination of the two. Before working with clients or customers, it is important that REALTORS® clearly communicate the fee structure and rate they will charge, and ...
Continue ReadingDo I Have to Sign a Buyers Representation Agreement?
When you are looking to buy or sell a property or business with a registered real estate salesperson or broker, you may be asked to sign a buyer or seller agreement. Simply put, a buyer's representation agreement is a contract signed between a prospective real estate buyer and a real estate ...
Continue ReadingIs It Okay to Have Multiple Real Estate Agents?
Can a buyer work with multiple real estate agents? Yes, a buyer can work with multiple agents as long as they don’t have a written exclusive (buyer representation) agreement with an agent or an agreement for same services from multiple REALTORS®. The most common service agreement would state that a buyer ...
Continue ReadingWays to Make Your Home Accessible for All Ages
As multi-generational families are opting to live under one roof, homeowners may want to renovate to accommodate this growing demographic. Here are some tips to create an inviting home, while also maintaining universal appeal for all occupants regardless of age. Keep your options open When planning renos, keep your floor plan ...
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