Creating a second suite can be an effective way to increase rental income, improve property cash flow, accommodate multi-generational living or make more efficient use of an existing home. For an investor, the opportunity can be particularly attractive because the additional unit may increase revenue without requiring the acquisition of ...
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 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 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, everyone works toward closing. The difference is that the person selling the property may not be the person who lived there, ...
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 ...
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