Toronto Realty Blog

FEBRUARY 27, 2023

Thank you for taking us back to that place that we all thought we had left for good: pre-construction. about the pre-construction condo industry just as soon as this blog was launched back in 2007. Pre-construction “experts.” Blog reader Densha asked about pre-construction condo delays and it’s a good topic.

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Construction Pre-approval Purchase and sale agreement Development 71

Toronto Realty Blog

SEPTEMBER 19, 2022

I have been perhaps the harshest critic of the pre-construction condominium industry in Ontario over the past two decades. Some of you, reading this, have made money in pre-construction. The same thing from David about pre-construction, over-and-over; he’s been saying this for years. I have no doubt about that.

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Construction Industrial Purchase and sale agreement Pre-approval 74

Housing Wire

NOVEMBER 9, 2023

4 rules to follow to earn $100k in 100 days The median-home sales price in the United States is north of $400,000. There’s been a big increase in expireds recently since most agents still had too-short listing agreements in anticipation of the hot seller’s market continuing. That makes the average commission about $12,000.

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Agents Purchase and sale agreement New Construction Investor 361

Housing Wire

JULY 26, 2021

They also recently closed on their purchase of a new home. In the process, they had to rent a home for four months between their sale and their purchase given “simultaneous closings” are not a practice there. And they paid a 1% fee to their solicitor for their purchase. All in all, my parents paid 4.5% experience.

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MLS Purchase and sale agreement Brokerage Closing 382

HomeLight

AUGUST 12, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in California. Looking to sell a house “as is” in California? Sell 'As Is' With a Cash Offer.

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As-is Purchase and sale agreement Natural hazards disclosure Closing costs 92

Toronto Realty Blog

SEPTEMBER 23, 2022

Condominium cancellations were rampant in the pre-construction industry and people were starting to get pissed. I am concerned about the people who had purchased a condo here in Vaughan where they could grow and build their lives in our community. When we left off on Wednesday, I think we were somewhere around 2018.

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Construction Purchase and sale agreement Industrial Development 59

Realty Biz

SEPTEMBER 26, 2023

For those searching for Greece property for sale , understanding the intricacies of the country's real estate regulations and practices is paramount. Preliminary Agreement: Once both parties have shown interest, they can enter into a preliminary agreement. The notary ensures the sale agreement is legal and authentic.

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Purchase and sale agreement Sales Due diligence Land 76

Housing Wire

APRIL 21, 2022

A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials. “In the future, neighborhoods and towns, and eventually cities, will be built by robots and drones,” Ballard said. The present is different.

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Construction Purchase and sale agreement Investor Land 385

Realtor.com

OCTOBER 15, 2020

fstop123/Getty Images Few things are as exciting as purchasing a newly constructed home. There are a lot of factors that could make a brand-new home a less than ideal purchase. So, before closing on a new-construction home, here are some things you need to consider. The builder’s reputation.

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New Construction Construction Purchase and sale agreement Design 138

Toronto Realty Blog

MARCH 1, 2023

Remember, developers can start pre-sales before they have a final design or approval, and of course, they can always change the design. So why not start taking deposits on an empty site when you don’t even have an agreement with the city on what to build? We talked a lot about sales on Monday as a reason for delays.

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Construction Bankruptcy Pre-approval Purchase and sale agreement 72

Toronto Realty Blog

MAY 16, 2022

When the government mandated a 20% down payment on properties of a $1,000,000 purchase price or higher, that meant that $800,000 properties shot up to the high-$900’s essentially overnight. ” This could be in the form of reduced rent, reduced sale price, or the government “buying” the units from the developer. .”

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Construction Pre-approval Purchase and sale agreement Development 88

Housing Wire

JANUARY 12, 2022

We do view the announcement to be a constructive one for the non-agency market,” Robinson said. “The We also distribute close to 50% of our production via whole loan sale to various insurance companies, asset managers and financial institutions — additional important sources of liquidity to the private sector.”.

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Loans Marketing Purchase and sale agreement Mortgages 386

HomeLight

MAY 27, 2021

When you signed the listing contract to put your house on the market, you had high hopes for a quick sale. And now you’ve realized that even the listing agreement with your agent has expired. We’ll fill you in on what obligation (if any) you have to your agent and what your options are to complete the sale.

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Purchase and sale agreement Staging Agents Brokerage 95

HomeLight

FEBRUARY 29, 2024

Department of Housing and Urban Development ( HUD ) draws a clear line: any factory-built home made before June 15, 1976 , is classified as a mobile home, while those constructed after this date are considered manufactured homes. The rental period in a rent-to-own agreement can vary, but a typical time period is three years.

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Purchase and sale agreement Finance Loans Design 103

Realty Biz

JULY 23, 2021

Existing home sales rose by 1.4% million units, following four months of declining sales. The sales numbers are based on transactions closed in the month, so they could be contracts signed in April or May, the National Association of Realtors reported. Sales are still up massively on an annual basis. month supply.

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Sales Purchase and sale agreement Investor New Construction 104

Toronto Realty Blog

AUGUST 12, 2022

“When did you purchase the assignment? “When did you purchase the assignment?” ” I don’t know what would be worse: wanting to assign a pre-construction condo that you purchased two days ago, or wanting to sell a pre-construction condo that you bought in February at the market peak.

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Sales Marketing Purchase and sale agreement Construction 93

Realty Biz

SEPTEMBER 23, 2023

Buyer agents can provide valuable support in various situations, such as buying a new home or purchasing a foreclosure. You may likely be asked to sign a buyer's agency agreement. Maximum Real Estate Exposure is an insightful resource for explaining buyer agency agreements. What is a Buyer's Agent Agreement?

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Purchase and sale agreement Pre-approval Agents Pre-qualification 73

HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Buyers were liquid with cash and there are a lot of sellers going that route rather than waiting on a traditional sale.

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Sales Purchase and sale agreement Due diligence Inspection 86

Toronto Realty Blog

MAY 23, 2024

And about an hour before sitting down to write this, a pre-construction buyer from 2019 asked me to look at his Agreement of Purchase & Sale and tell him whether or not he can withhold the funds due on final closing because of what he perceives as “material defects.” Today is Thursday. I heard that.”

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Purchase and sale agreement Title Land As-is 82

Realtor.com

OCTOBER 16, 2020

estate, according to people familiar with the matter, after years of unsuccessful development attempts that ended with an agreement to preserve part of the property. Trump received from that agreement were improper as part of a broader investigation of alleged fraud by the president and his businesses. Those homes were never built.

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Purchase and sale agreement Sales Construction Development 57

HomeLight

AUGUST 31, 2021

But what if a portion of your rent were going toward purchasing your rental home at a later date? Rent-to-own basics: Crediting rent toward a future purchase. A rent-to-own deal means you can start paying toward a home purchase even if you can’t technically qualify for a mortgage yet. Updated August 31, 2021.

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Purchase and sale agreement Due diligence Closing costs Mortgages 120

Toronto Realty Blog

AUGUST 2, 2023

The note for the 2017 sale was longer and a bit mushier, as I disclosed that I had proposed to my wife in the condo, and that we brought our first child home to the condo, and that we wished the new buyers all the love and happiness in the world as they created new memories and experiences of their own in the condo.

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Closing Sales Purchase and sale agreement Agents 76

Realtor.com

JUNE 18, 2021

Short for “for sale by owner,” these are properties that homeowners are selling on their own, typically to save money that traditionally goes toward a real estate agent’s commission. If, however, you’ve already signed a buyer’s agent agreement , that’s a different story. How a buyer’s agent can help you with a FSBO.

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Purchase and sale agreement Agents Sales Construction 122

HomeLight

AUGUST 31, 2021

Don’t let the pristine facade or shiny appliances of a model home deceive you: buying new construction will be as complex as any old real estate transaction, if not more so. And if you thought buying new construction without an agent would save you a few bucks in commission, think again. Updated August 31, 2021.

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Agents New Construction Purchase and sale agreement Construction 124

Realty Biz

JANUARY 7, 2021

Buyers and sellers often think the negotiations are complete as soon as both parties sign the purchase agreement. The inspector’s role is to make the buyer aware of any problems that may not have been known previously so the buyer can make an informed purchase decision. Risks of Waiving a Home Inspection. Negotiate a new price.

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Inspection Purchase and sale agreement Loan contingency Loans 120

McKissock

JULY 26, 2022

Purchasing property, especially a home, can be a very emotional experience. Constructing a real estate offer is an art. In order to reach an acceptable agreement with the most favorable terms, make sure your buyers are aware of the market and the most important factors when constructing an offer. Making an offer.

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Purchase and sale agreement Title search Inspection Construction 81

Realty Biz

NOVEMBER 25, 2022

A restrictive covenant is a legally binding agreement between a property owner and another party that limits or restricts the activities of that party on the property. Restrictive covenants are usually instituted when a developer constructs a neighborhood. Let's face it, buying real estate is a learning experience.

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Purchase and sale agreement Commercial Construction Development 79

Realty Biz

JUNE 15, 2022

Things to Find Out Before Purchasing Land. Performing due diligence is vital when purchasing a home. However, it is important to ask questions and get advice before making a purchase. These are the questions that you should either ask a Realtor or a land owner before making a purchase. Is The Land Buildable?

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Land Purchase and sale agreement Due diligence Title 126

Hank Miller Team

NOVEMBER 8, 2021

Substantially the Same The GA Association of Realtors (GAR) contract stipulates that the property will be in substantially the same condition as it was on binding agreement date. The seller’s disclosure can indicate issues that may or may not be present on binding agreement day but may be present on closing day.

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Closing Purchase and sale agreement Agents Construction 95

Broke Agent Media

MAY 16, 2023

After all, the harder it is to buy a home, the more difficult it is for buyer-sellers to move ahead with a sale. It’s also true that, while both sides do share some concerns, buyers and sellers generally approach a home purchase/sale with a different set of objectives. Source: Opendoor Across the U.S.,

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Marketing Purchase and sale agreement Construction Equity 98

HomeLight

DECEMBER 30, 2021

Your agreement with a buyer’s agent may be one of the first legal documents you’ll encounter when buying a home. Dobbs works in Illinois, where buyer representation agreements are not common. This is why it’s so important to have a thorough home inspection conducted during the due diligence period of your purchase agreement.

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Purchase and sale agreement Title Closing costs Seller disclosure 81

The Close

JANUARY 22, 2024

December’s existing home sales slipped slightly (1%) after a few months of being up, but no one is still predicting a housing market crash and the end of civilization. Pending sales rose 4.1% December pending sales were at the highest level for all of 2023. You shuffled out, leaving a trail of broken deals behind you.

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Marketing Purchase and sale agreement Agents New Construction 85

HomeLight

MARCH 18, 2022

Before you go the For Sale By Owner (FSBO) route, consider what real estate expert Joe Bourland says about being your own agent. Typically, when you hire a traditional real estate agent, they’ll have access to a multiple listing service (MLS) where they post your home for sale. Control of all aspects of the sale from start to finish.

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MLS Sales Purchase and sale agreement Agents 92

Toronto Realty Blog

SEPTEMBER 22, 2022

Picture yourself as a naive investor, hearing about how pre-construction condos are a great way to make money, and you’ve gained “VIP” access to this launch, you have your purple wrist-band, you’re inside looking at floor plans, but units keep selling! Because that unit had sold. That was her mistake. And by whom?

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Industrial Pre-approval Purchase and sale agreement Development 99

HomeLight

SEPTEMBER 15, 2021

Even if you’re listing your home without a Realtor’s® help, you’ll still need to gather the necessary paperwork for the sale and fill it out correctly. We hope it helps illuminate this tricky part of the sale, while giving you an honest idea of just how complex real estate transactions can be! Original sale contract.

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Purchase and sale agreement Inspection Title Pre-approval 110

HomeLight

MAY 28, 2021

With a rent-to-own contract, you typically lease a home for a specified period with an option to purchase when the lease is up. Unlike a standard lease for a rental house, the rent-to-own agreement generally includes two parts, a rental lease and an option-to-purchase agreement. Buyer (and seller) beware.

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Purchase and sale agreement Inspection Finance Sales 71

HomeLight

OCTOBER 17, 2022

DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes only, not legal advice. If you need assistance navigating the legalities of what to include on the Georgia seller’s disclosure form, HomeLight always encourages you to reach out to your own advisor. What is a seller’s disclosure? Find Agent.

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Purchase and sale agreement Due diligence Earnest money deposit Inspection 88