Older homes can offer features that are difficult to reproduce in newer construction. Established neighbourhoods, larger lots, mature landscaping, distinctive architecture, solid materials and unique interior details can all make an older property particularly attractive. The challenge for a buyer is not necessarily that an older home requires repairs. Almost ...
Continue ReadingIndustrial real estate can be an exceptionally useful asset. A manufacturing facility, warehouse, distribution building, contractor’s yard or multi-tenant industrial property can support business operations, generate investment income and provide long-term appreciation. However, industrial property should rarely be evaluated on size, location and purchase price alone. The more important question ...
Continue ReadingSophisticated real estate investors rarely evaluate a property based solely on its appearance, emotional appeal, projected appreciation, or short-term market excitement. Real estate investors naturally look for opportunity. They consider rental income, appreciation, redevelopment potential and the possibility of building wealth over time. Experienced investors, however, tend to approach the ...
Continue ReadingReal estate transactions involve significant financial commitments, important timelines and expectations that may continue well beyond the day an agreement is signed. Buyers and sellers naturally devote considerable attention to price, financing, inspections, possession dates and the physical property itself. Yet some of the most significant transaction risks can arise ...
Continue ReadingAn Agreement of Purchase and Sale is often viewed as the point at which the negotiation ends. The price has been agreed upon, the closing date has been set and the parties have signed. In reality, however, acceptance of the agreement begins a period in which both parties must continue ...
Continue ReadingAn accepted Agreement of Purchase and Sale is an important milestone in a real estate transaction, but it does not necessarily guarantee that the transaction will ultimately close. Between acceptance and completion, buyers and sellers may still need to satisfy conditions, arrange financing, complete investigations, resolve title matters, meet contractual ...
Continue ReadingThe Protecting Tenants and Strengthening Community Housing Act, 2020 amends the Residential Tenancies Act, 2006, the Housing Services Act, 2011, the Building Code Act, 1992 and repeals the Ontario Mortgage and Housing Corporation Act. Originally posted on July 22, 2020 The changes to the Residential Tenancies Act, 2006 (RTA) strengthen protections ...
Continue ReadingWhen working with a REALTOR® in Ontario, one of the most important things to understand is who represents your interests and what that representation means in practical terms. Buyers and sellers often begin working with a real estate professional because they need help finding a property, marketing a home, negotiating ...
Continue ReadingTenants today have access to more property information than ever before. Online listing platforms make it possible to search apartments, houses, office space, retail units, industrial buildings and other rental properties without ever speaking with a real estate professional. For that reason, tenants reasonably ask whether they actually need a ...
Continue ReadingUnderstanding the delayed offer presentation process Delayed negotiations, used appropriately, can be a powerful tool when it comes to selling a home. Done right, this tool is a plus for buyers too. So how do you know if delayed negotiations are right for you? First, talk to your real estate ...
Continue ReadingPowered by IXACT Contact® Real Estate CRM Software
