Real estate transactions involve a surprising number of contracts and related documents. Buyers and sellers naturally tend to focus on the Agreement of Purchase and Sale because that is where the price and many of the most visible terms of the transaction are recorded, but the agreement is usually only ...
Continue ReadingAn accepted offer does not always mean that every question surrounding the purchase has already been answered. Buyers may still need to confirm financing, investigate the physical condition of the property, review condominium documents or obtain information about another matter that could affect their decision. Sellers can also have circumstances ...
Continue ReadingOlder homes can offer features that are difficult to reproduce in newer construction. Established neighbourhoods, larger lots, mature landscaping, distinctive architecture, solid materials and unique interior details can all make an older property particularly attractive. The challenge for a buyer is not necessarily that an older home requires repairs. Almost ...
Continue ReadingReal estate transactions involve significant financial commitments, important timelines and expectations that may continue well beyond the day an agreement is signed. Buyers and sellers naturally devote considerable attention to price, financing, inspections, possession dates and the physical property itself. Yet some of the most significant transaction risks can arise ...
Continue ReadingAn Agreement of Purchase and Sale is often viewed as the point at which the negotiation ends. The price has been agreed upon, the closing date has been set and the parties have signed. In reality, however, acceptance of the agreement begins a period in which both parties must continue ...
Continue ReadingAn accepted Agreement of Purchase and Sale is an important milestone in a real estate transaction, but it does not necessarily guarantee that the transaction will ultimately close. Between acceptance and completion, buyers and sellers may still need to satisfy conditions, arrange financing, complete investigations, resolve title matters, meet contractual ...
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 ReadingBuying real estate is usually associated with opportunity rather than litigation. Whether someone is purchasing a first home, adding an investment property or acquiring a commercial or industrial facility, the focus is naturally on finding the right property, negotiating acceptable terms and completing the transaction successfully. Fortunately, the overwhelming majority ...
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 ...
Continue ReadingWhether leasing a residential property, negotiating a commercial tenancy, or managing an investment portfolio, the lease agreement serves as the foundation of the landlord-tenant relationship. It establishes expectations, allocates responsibilities, and provides the framework that guides the tenancy long after the lease has been signed. Most lease disputes do ...
Continue ReadingPowered by IXACT Contact® Real Estate CRM Software
