Not every real estate transaction requires the same level of advice, analysis or professional involvement. Some transactions are relatively straightforward, while others involve significant financial commitments, contractual obligations, operational considerations and risks that may continue long after a property has been purchased, sold or leased. That distinction can also influence ...
Continue ReadingCan a home seller consider other bids after accepting a conditional offer? The short answer is yes, but you have to be cautious. A seller can consider additional offers even after signing a conditional offer. This is because the sale is not final and binding on both parties until all ...
Continue ReadingThere are various approaches to selling a business and the following will provide one framework that is typical. The purpose is to help potential sellers understand the process and to assist in the questions you may have as they begin to think about selling their business. Step 1. Preparation Prepare ...
Continue ReadingWe are hearing that during this period of interest rate hikes more than one buyer has put an offer in on a property, conditional on financing and/or inspection, and when it came time to waive it they failed to do so. This is even though there was no legitimate ...
Continue ReadingOwning a rental property involves far more than collecting rent and maintaining a building. Every decision a landlord makes—from selecting a tenant and documenting communications to maintaining the property and responding to concerns—can influence both the success of the tenancy and the landlord’s potential legal liability. Fortunately, reducing liability does ...
Continue ReadingEvery real estate transaction involves decisions, expectations, timelines, legal obligations, financial commitments, and multiple people working toward a common objective. Buyers, sellers, landlords, tenants, investors, lenders, lawyers, inspectors, contractors, and real estate professionals all contribute information that influences the outcome of the transaction. With so many participants and moving parts, ...
Continue ReadingThis one is for agents…. Published by Kartik Subramaniam, founder, Adhi Schools Introduction: In the competitive world of real estate – sometimes, it’s in their best interest to walk away from a potential deal. Aspiring agents are often eager to take on any listing, assuming it’s a stepping stone to success. In ...
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 ReadingWhen REALTORS® use commission reductions, it is essential to create an appropriate agreement in order to comply with the Trust in Real Estate Services Act, 2002 (TRESA 2002). In a commission reduction agreement, the listing brokerage agrees with the seller to reduce commission that was previously agreed to. The following are ...
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