The clocks were all set back one hour on 5 November 2023. This is a time when many real estate agents want to get their message out to the public: …
Appliances: Precautions
It is always a good thing for the Buyer’s agent to note the particular appliances by: This way you will know the date of manufacture, whether it is still under …
Pursue Various Avenues for Financing
Question: Can a Mutual Release be sent before the deposit cheque is given in? Offer is conditional on mortgage financing. This is the day after acceptance and deposit cheque is …
Vendor Take Back Mortgages (Risks)
Question: I am a Listing agent and was I was asked about a Vendor –take-back mortgage (VTB) by a Buyer’s agent . Have t done one of those in eons. …
As is, where is”: The Supreme Court of Canada
The Supreme Court of Canada used the following language when discussing “as is, where is”. It applies at the time, unless you say otherwise. The Honourable Mr. Justice Dickson J. …
“As is, where is” Transactions
“As is, where is” is a term often used in real estate transactions. It signifies the condition in which a property is being sold, implying that the property is being …
“As Is” and “Where Is” Expansion
For those of you who are not quite sure what this means, here’s an expanded explanation in a commercial Offer: “Purchaser’s Acknowledgements 10 (a) “As Is” and “Where Is”: The …
“As Is, Where Is” Explained
“As is, where is” is a rather strange expression. I understand the “as is” part, that means the condition of the object of the agreement. It will not change before …
Schedule “B” Use
Schedule “B”s are used by Listing Brokerages to add some standard provisions to an Offer. Really, they should be restricted to interest upon the deposit which will be held by …
Deposit Delivery: Buyer Becomes Ill
Question: Seller just accepted an offer on Friday night (of a long weekend). The Buyer’s agent texted me this morning saying his client hurt her leg on the stairs and …