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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 in Durham Region 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 ReadingDo I Have to Sign a Buyer Representation Agreement in Ontario?
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 ...
Continue ReadingWhat Investors Should Know Before Creating a Second Suite in Ontario
Creating a second suite can help investors: increase rental income, improve property cash flow, support multi-generational living, and enhance long-term property value. However, many investors underestimate the complexity involved in converting a property into a legal and properly functioning second suite. A second suite project may involve: zoning review, building permits, fire ...
Continue ReadingWhat Real Estate Consumers Should Expect From Their Brokerage
Real estate transactions often involve significant: financial commitments, legal obligations, negotiations, timelines, and long-term consequences. However, many consumers are unclear about: the role of a real estate brokerage, what services should reasonably be expected, and how professional representation is intended to protect consumers throughout the transaction process. A real estate brokerage should ...
Continue ReadingThe Difference Between Transactional Sales and Professional Advisory
Not all real estate services are structured the same way. Some real estate professionals operate primarily through a: transaction-focused, sales-oriented, volume-driven model, while others approach real estate through a: professional advisory, risk-management, and long-term decision-support framework. Understanding the difference matters because real estate transactions often involve: significant financial commitments, legal obligations, operational consequences, ...
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