The Holdover period is a length of time (in days) following a listing’s expiration where commission may still be owed to the listing agent if the property sells.
Understanding the Real Estate Deal
Have questions about the Real Estate transaction process in Ontario? This is a great place to start.
Closing costs are expenses incurred that are directly associated with the acquisition or disposition of Real Estate.
Multiple offers is a term used to describe a situation where two competing offers are submitted for the same property at the same time.
When you acquire land in Ontario, either by Purchase or Benefit, tax may be payable to the province.
We’ve compiled this useful guide to help you navigate this complicated topic.
Are you a First Time Home Buyer? Here are 5 incentives to help you own your first home.
In Real Estate, a condition is a circumstance which may affect the outcome of the Real Estate Transaction. Conditions are used to avoid a Binding Sale being formed at time of agreement.
A Bully Offer is an offer to buy a property before the date the seller is accepting offers. It’s also known as a preemptive offer.
Title insurance is used to protect you against issues related to title that may not appear on a search prior to closing.
Vacant Possession is a term used to describe delivery of Real Property in Ontario without occupation by any party.
An Assignment Sale occurs when a buyer successfully allows a third party to assume the rights and responsibilities of an Agreement of Purchase and Sale, prior to completion of the transaction.
An Escape clause is a contractual agreement between a Buyer and a Seller that allows the Seller to terminate the agreement if certain conditions are met.
The offer isn’t the end of the selling process. Rather, its the beginning. Maybe you have one offer on the table, maybe you have multiple. Whatever the case, there’s a decision to make. Do I work with what I have on the table? Or do I wait for a better opportunity....
The Requisition Date is a date by which the Purchaser of Real Property in Ontario should have completed necessary Title and Off-Title Searches and be aware of all problems relating to Title of the subject property.
A REALTOR® is a member of organized Real Estate. They can be either a Sales Representative or a Broker. Learn more about the differences here
Multiple Representation occurs when an agent acts for two or more parties to the same Real Estate transaction; a buyer and a seller, or two unique buyers.
A Status Certificate is a document designed to disclose the Financial Status of a Condominium Unit and the Corporation, as per The Condominium Act, Ontario.
Thinking of selling your Toronto condo property in the winter? When it is cold outside with snow and ice it is important to prepare your property so when prospective buyers walk in, they are not distracted and can focus on the positive attributes of your home. Here...
A SPIS, or “Seller Property Information Statement”, is a document prepared by the seller containing useful, pertinent information about your property, such as known defects, hazards, renovations, or improvements.
Brokerages are constantly trying to provide more value to the client as they search for their next potential home. A trend we've noticed in Real Estate websites is to display a Walk Score with every listing. The idea behind a walk score is to compress a vast amount of...