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How 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 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 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 ...
Continue ReadingMonitoring Devices for Seniors
The 2020s may become known as the decade in which we re-evaluated our homes, and found ways to make them better serve our needs. Part of that assessment has already begun, especially amongst seniors who desire greater independence and want to continue to enjoy comfortable, productive lives in their own ...
Continue ReadingCCHR – Help Stop Discrimination in Housing
The 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 is ...
Continue ReadingThe Cure for Cabinet Clutter
When a buyer opens a cabinet door in your kitchen, it’s not an invasion of privacy. The buyer simply wants to get a sense of the available space. So, you can expect some buyers to explore cabinet space, especially in your kitchen and bathrooms. That’s why making sure cabinet space looks ...
Continue ReadingCommission Rebates May Have Tax Implications
A real estate commission rebate is a portion of the real estate agent's commission that is legally returned to the buyer after closing. This is a legitimate practice in Ontario, overseen by the Real Estate Council of Ontario (RECO), and must be put in writing, often in a Buyer Representation ...
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