You can probably imagine that a Seller may be upset, sign a Mutual Release and then regret it afterwards. This would particularly be the case if the Seller felt that …
Seller’s Options with a Failed Deposit Cheque in a Conditional Deal
On occasion, Buyers’ agents are rushed and they just don’t get around to things. Fred was acting for Barney who wanted a house to renovate in the west end. He …
Toronto and GTA Markets in August 2021
This is the recently released report of the Toronto Regional Real Estate Board concerning the August 2021 results: “September 3, 2021 – TRREB is reporting the third-best sales result on …
The Listing Agent and Buyer’s Letters
Question: If you are a Listing Agent, are you obligated to pass along a Buyer’s letter which supports their interest in the property? Answer: These letters are becoming quite common. …
Husband’s Right to the House after Wife’s Passing
Question: Husband and wife live in home. Wife is the only one on title. Wife passes away. Does home automatically transfer ownership or does it have to be willed? Answer: …
HST Clause in the Agreement of Purchase and Sale
From time to time, the HST clause in the Agreement of Purchase and Sale is filled out incorrectly. This could prove to be a big mistake. This is the HST …
How to Handle Offers and the Growing Count
(Toronto Market 2021) The Toronto resale housing market is relatively “hot”. There is a shortage of supply, and quite a few “buyers” for every property. Offer Day From the perspective …
Inflatable Hot Tub – Does it Stay?
Have a look at this hot tub. It’s inflatable and can be moved easily. Just let the air out, pack it up and take it to the cottage for the …
The Hot Tub: A Fixture or a Chattel?
An interesting issue arose recently as to whether a hot tub should be included or excluded from a real estate transaction. In the case at hand, a hot tub which …
Getting an Opportunity to Present an Offer
Question: I showed a property a few days ago that was holding offers for 10 days. I was able to contact the Listing Agent and he was not co-operative at …