When people think about negotiating a real estate transaction, the first topic that often comes to mind is price. While price is certainly important, experienced negotiators understand that successful transactions are rarely determined by price alone. Every buyer, seller, landlord, and tenant enters a negotiation with objectives, priorities, concerns, and ...
Continue ReadingSelecting a tenant is one of the most important decisions a landlord will make during the life of an investment property. The quality of that decision can influence rental income, property condition, maintenance costs, legal compliance, tenant relationships, vacancy rates, and the overall financial performance of the property for months—or ...
Continue ReadingMany home sellers are looking for ways to make more out of the sale of their home. Because houses represent one of the largest purchases in many Canadian’s lives, it’s only natural for you to want to make all that you have put in (plus some, if the market is ...
Continue ReadingThis post deals with the topic of REALTORS® receiving and/or paying referral fees to third parties who may not be directly involved in a real estate transaction. Depending on the specific situation, this may not be permitted under the Real Estate and Business Brokers Act, 2002 (REBBA 2002) and in other situations written ...
Continue ReadingBuying or selling a home can be a complex and high-stakes process. As such, certain procedures and legal documentation exist to protect all parties involved while ensuring everyone is on the same page throughout the process. Melissa Douglas—owner of Douglas Law Firm based in Bradford, Barrie, and Vaughan, Ontario, a ...
Continue ReadingFor most people, buying a home will likely be the most significant investment of their lives. With the emotional and financial aspects tied to purchasing and/or selling a home, it’s important to complete all due diligence to ensure your investment is protected. This article will explore what conditions are, typical ...
Continue ReadingYou found your dream century home and your conditional offer has been accepted. But after receiving your home inspector’s report, it turns out your charming Victorian cottage needs more than a fresh coat of paint. Photo by Nolan Issac on Unsplash While this doesn’t mean you need to back out of the deal, it’s important to know ...
Continue ReadingSophisticated real estate investors rarely evaluate a property based solely on its appearance, emotional appeal, projected appreciation, or short-term market excitement. Instead, experienced investors generally approach an acquisition through a disciplined process involving risk management, operational analysis, financial review, due diligence, transaction planning, and long-term strategy. Whether purchasing an industrial ...
Continue ReadingWhen most people think about a real estate transaction, they naturally focus on the purchase price, financing, inspections, possession dates, or negotiating the best possible deal. Yet some of the most significant risks in a real estate transaction have nothing to do with price. They arise from the wording of ...
Continue ReadingAn Agreement of Purchase and Sale is often viewed as the finish line of a successful negotiation. In reality, it is the beginning of a legally binding relationship between buyer and seller. Most transactions proceed exactly as intended. However, when disputes do arise, they rarely stem from a single dramatic ...
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