Buying, selling, or leasing real estate in Ontario involves important legal, financial, and strategic decisions. Under Ontario’s Trust in Real Estate Services Act, 2002 (TRESA), consumers now receive additional disclosures and information regarding the different types of relationships that may exist when working with a real estate brokerage. One of ...
Continue ReadingMany consumers understandably focus on the visible parts of a real estate transaction, such as: showings, offers, negotiations, and closing day. However, meaningful real estate representation often involves substantial: advisory work, analysis, negotiation, compliance, marketing, documentation, due diligence, and transaction preparation long before a transaction closes. Professional real estate advisory ...
Continue ReadingReal estate transactions often involve: significant financial commitments, legal obligations, operational consequences, emotional decision-making, and long-term risk exposure. As a result, buyers, sellers, investors, landlords, and tenants frequently rely on professional guidance when making important real estate decisions. However, professional real estate advisory should involve more than: simply facilitating transactions, ...
Continue ReadingMany consumers assume real estate services are structured as: “all or nothing.” Some believe they must either: fully commit to traditional representation, or: navigate the transaction entirely on their own. In reality, Ontario real estate services can often be structured with varying levels of: representation, advisory support, transaction involvement, and ...
Continue ReadingHow Real Estate Buyers Are Represented — And Why Fee Structure Matters More Than Ever Most real estate Buyers in Ontario are familiar with the traditional idea that “the Seller pays the commission.” What many Buyers don’t fully understand is that there are actually several different buyer representation models used ...
Continue ReadingThe purchase price of your home is only one of the costs you’ll encounter. Here are other possible costs you need to consider: Mortgage loan insurance: If you are putting less than 20 per cent of the house value down, you’re going to need mortgage loan insurance. Depending on the ...
Continue ReadingThe search for your dream home is an exciting, albeit frenzied, endeavor. It is filled with endless possibilities; do you want to live in the city or suburbs? Will you live in a condominium, townhouse or a detached home? This is essentially the fun part of home buying before you ...
Continue ReadingReal estate is a highly regulated business in Ontario. These regulations protect consumers, establish standards and provide for a method of delivering consistent, predictable and professional services. It also provides a means to discipline those that do not uphold those standards. Real estate professionals standards include regulatory (TRESA), fiduciary (legal) ...
Continue ReadingWhile certain industries are regulated federally, property laws are a provincial responsibility. Many of the provinces have similarities in their property laws, but even those are not exactly the same. What happens when a buyer or seller resides in one province and the home being bought or sold is in ...
Continue ReadingI recently revised my Home Buyers Guide Book. It’s a collection of how-to’s, checklists, and worksheets to help buyers understand what to expect during the real estate purchasing experience. Click here to get a free copy. Written by Rodney Harvey, Broker of Record at Konfidis, Brokerage providing advisory-focused commercial, ...
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