Most people seem to know that a Seller upon the presentation of an Offer, may: 1) accept the Offer,2) reject the Offer, or3) counter the Offer. Actually, when it comes …
Price to Sell
The single most important matter to consider when you are about to list your property is the “asking price”. How do you determine what it should be? Naturally, every vendor …
Swimming Pools
Swimming pools can add a lot of fun to your backyard, but when it comes to either buying or selling, there are certain issues that have to be considered. Generally, …
Multiple Offers
In Toronto’s competitive marketplace, Buyers have to expect that they may be in a multiple offer environment. Basically, this means that their first offer will either be their best offer, …
Buyer’s Agent wants to Lower their Commission
Question: In the case where a realtor wants to put an offer in on a home (not one of their own listings) , and offer a commission reduction to the …
Fire Department and Other Municipal Searches
Question: Does the Seller have to agree to fire department and other related municipal searches? Answer: Yes, they do, in they signed the standard Form OREA Agreement of Purchase and …
Conditional on the First Deal
This is a clause under consideration for review: “This offer is conditional on the failure of the existing, conditional Agreement of Purchase and Sale related to the subject property. The …
Bully Offers
This is an Offer which includes a short irrevocable date, in a delayed offer presentation format. As listing agents do their best to encourage multiple offers, buyer’s agents are reacting …
Real Estate Agent Obligations ~ Charter of Rights
There are basic duties and obligations that are owed to the public. They may be found in both the common law, and laws of general application. Particularly, there are some …
Clause: Credit in the Adjustments
Question Agent is trying to tell me this is one of their standard clauses and is for any issues with appliances or repairs. “The seller hereby agrees to give the …