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 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 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 ...
Continue ReadingAn Agreement of Purchase and Sale (“Agreement”) may not be completed for a number of reasons, including unsatisfied conditions relating to matters such as financing, rezoning approval, a home inspection or the sale of a buyer’s current home. This failure to satisfy a condition may raise an issue about the ...
Continue ReadingBuying real estate is an exciting milestone, whether purchasing a first home, expanding an investment portfolio, or acquiring a commercial property. While the vast majority of transactions close successfully, the relatively small number that result in litigation provide valuable lessons for every buyer. Real estate disputes rarely develop because of ...
Continue ReadingUnderstanding the delayed offer presentation process Delayed negotiations, used appropriately, can be a powerful tool when it comes to selling a home. Done right, this tool is a plus for buyers too. So how do you know if delayed negotiations are right for you? First, talk to your real estate ...
Continue ReadingWell-structured lease and transaction clauses do far more than simply “add legal language” to an agreement. Properly drafted clauses help define expectations, allocate risk, establish operational procedures, reduce misunderstandings, and improve enforceability throughout a transaction or tenancy. From a professional real estate advisory perspective, clause drafting should be approached as ...
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