This is really the first step in the buying process. Before you can buy property, you will need to qualify for a mortgage. There are, of course, exceptions: you could …
Selling: Documents for your Purchaser
Consider a VIDEO If you have just sold your house, what should you be leaving for the purchaser? Title Documents I am assuming that you have already delivered copies …
Can You Revive an Old Agreement?
The answer is “no”, but a lot of people don’t believe it. Let’s assume that Bob puts in an Offer to buy Bill’s property. The offer is accepted and contains …
FINTRAC Obligations Upon Real Estate Agents in Ontario
Since 23 June 2008, real estate agents must comply with the provisions of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. This Act is federal legislation and …
Responsibility for False and Misleading Statements
We are all aware that sales agents like to pump their products, merchandise and services. That has been going on for years and the public who believe that are naïve …
What is Allodial Title?
Just what is it and where does it come from? In English common law, the concept seems to have lost its meaning. Not too many people seem to know …
How St. Patrick Discovered the Americas
Happy St. Patrick’s Day! The Irish have for centuries been grouped together in large families known as clans. When one group gets too large there may be a splinter group. …
Conditions and Escape Clauses
There is always a great deal of confusion and discussion concerning conditions and escape clauses contained in agreements relating to real estate. But, it is really rather straightforward and the …
Use of Counter Offers
The Counter Offer might be a helpful document. Remember that in the process of offers and counter offers, it is only the agent-to-agent communication which must be transmitted by fax …
Use the 10 Year Rule to Choose a Good Area
How can you pick a good area? This is a common question posed by homebuyers. How do you know a good area and how do you find one? The answer …