Buying a property often begins informally. You may browse listings online, attend open houses, speak with different real estate professionals or ask someone to show you a property that caught your attention. At that stage, it can feel as though you are simply gathering information and deciding whether you are ...
Continue ReadingCan You Work With More Than One REALTOR® in Ontario? Yes, it may be possible to work with more than one real estate agent in Ontario. However, whether you should — and whether you are free to do so — depends largely on the representation agreements you have entered into ...
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 ReadingAn escape clause is a provision in a conditional Agreement of Purchase and Sale that can allow a seller to continue considering other offers and, in defined circumstances, require the original buyer to make a decision about an outstanding condition within a specified period. A seller who accepts a conditional ...
Continue ReadingSelling a business is very different from selling a conventional residential property. A home can usually be marketed openly, prospective buyers can view it, compare it with other properties and make an offer based largely upon information that is already available in the marketplace. A business sale often requires a ...
Continue ReadingConditional clauses are an important part of real estate transactions because they give a buyer or seller time to deal with uncertainty before becoming fully committed to a particular outcome. A buyer may need to arrange financing, inspect the property, review condominium documents or investigate whether a property can support ...
Continue ReadingOwning 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 ...
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