What happens if a defect of some kind is discovered right before closing? This could easily take place on the Buyer’s final walkthrough. At this point, the Seller has moved …
Deal Closed Roof Completed in 2014 or 2019 (Ontario)
Question: I bought a house last year. The Flyer and the MLS both stated that the roof was “done” in 2019. I was up in the attic and found an …
Customers in Nova Scotia Real Estate
In the Province of Nova Scotia, customers are just like Ontario. This is the explanation on the website of The Nova Scotia Real Estate Commission: CUSTOMER RELATIONSHIP A buyer or …
Creating the Revocable Offer
Working Twice as hard on Bidding War Night From time to time, particularly in heated real estate markets it may be wise to draft a revocable Offer, that is, one …
Competing Offers and Disclosure
Competing offer situations—commonly referred to as bidding wars—are common in some areas of Ontario. As of July 1, 2015 real estate professionals across Ontario have new rules for how they …
Caveat Emptor on Kitec
Question: Does the Listing Agent have to disclose the presence of Kitec plumbing on the listing? Answer: The basic principle is “Buyer Beware”, so that means everyone is out there …
Using a Common Survey Clause (Ontario)
Question: Consider the use of the following clause which is in common usage: “The Seller agrees to provide, at the Seller’s own expense, not later than 9 pm on the …
Buyer’s Remedy if Size of Bedroom Falls Short of Advertised
Question: It turns out that one of the bedrooms in a 2,500 sf house is short by 40 sf. It is 4 ft less in width over 10 feet. What …
Buyer Offer Registration System (for Buyer Brokers)
Actually, usually there’s no such thing and that’s a potential problem. Consider the following situation, Bob, the Buyer, has been working with Mary, his real estate professional, and Henry, the …
The Expression “As Is” is without meaning in Ontario
Question: I am looking at a Listing that says the property “AS IS”. What exactly does that protect the seller from, if anything? Answer: The “as is” clause often added …