When 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 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 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 ...
Continue ReadingThe 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 ...
Continue ReadingDon’t brush off these telltale signs of a bad real estate agent Did you choose your real estate agent based on a friend-of-a-friend’s referral, a quick Google search, or even a flyer in a mailbox? Is your gut telling you it isn’t the right fit, but you’re not sure if ...
Continue ReadingMost people entering a real estate transaction do not imagine themselves becoming involved in mortgage fraud. The phrase tends to bring to mind stolen identities, forged documents, artificially inflated property values or organized schemes involving properties and borrowers who may not even know one another. Those situations certainly occur, but ...
Continue ReadingMultiple offers can change the atmosphere of a real estate transaction very quickly. A buyer who has spent several days carefully evaluating a property may suddenly learn that four or five other written offers have been submitted, while a seller who expected a relatively straightforward negotiation may unexpectedly find several ...
Continue ReadingWhen a seller hires a real estate brokerage to market and sell a property, the representation agreement establishes how the brokerage will be compensated for the services it provides. Depending upon the arrangement, the agreement may also address remuneration payable to another brokerage involved in bringing a buyer to the ...
Continue ReadingCommission rebates can be an attractive part of a real estate representation arrangement. Depending on the agreement between the client and brokerage, a portion of the remuneration earned on a transaction may be returned to the buyer after the purchase is completed. For someone already making a substantial investment in ...
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