Toronto Realty Blog

AUGUST 12, 2022

“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. “I think it was the second or third week of February.”

Sales 93

Sales Marketing Purchase and sale agreement Construction 93

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.

Sales 86

Sales Purchase and sale agreement Due diligence Inspection 86

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. Developers often place livestock restrictions in their agreements.

Purchase and sale agreement 79

Purchase and sale agreement Commercial Construction Development 79

Toronto Realty Blog

JANUARY 22, 2021

Last week, when our in-house legal counsel told us about a recent ruling with respect to the developers of Museum FLTS , I said this aloud. Let’s rewind… Back in October of 2017, a pre-construction, stupidly-named “Museum FLTS,” was cancelled. Often under my breath, or often to somebody I’m talking to.

Purchase and sale agreement 54

Purchase and sale agreement Pre-approval Development Construction 54

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?

Land 126

Land Purchase and sale agreement Due diligence Title 126

GeekEstate

OCTOBER 29, 2021

are up 16% year-over-year, interest rates remain near historic lows and housing construction starts are up meaningfully for the first time in more than a decade (for more detail on this, see my recent housing market update ). This market map real estate technology companies operating across every phase of the home purchase value chain.

Technology 135

Technology Marketing Purchase and sale agreement Equity 135

RIS Media

SEPTEMBER 29, 2020

Chicago-based @properties announced that it is launching a national franchise brand to offer broker/owners and agents access to the firm’s technology, marketing, training and business-development systems that have made it one of the top 10 brokerage firms in the country as an independent. 1 seller of new construction).

Purchase and sale agreement 105

Purchase and sale agreement Brokerage Branding Technology 105

Toronto Realty Blog

MARCH 30, 2022

And if we talk about city planning, development, infrastructure, fiscal or monetary policy, or the governance of organized real estate, again, I think it’s impossible to do without involving politics. But let me give this a shot… Long-time readers know how much I have spoken out on the perils of buying pre-construction.

Purchase and sale agreement 74

Purchase and sale agreement Inspection Finance Construction 74

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.

Construction 70

Construction Pre-approval Purchase and sale agreement Development 70

Marco Santarelli

OCTOBER 14, 2023

Understanding your financial standing provides a clear picture of how much you can comfortably allocate towards a property purchase. Determine a Realistic Budget Once you have a thorough understanding of your finances, determine a realistic budget for your property purchase.

Purchase and sale agreement 52

Purchase and sale agreement Inspection Finance Agents 52

Toronto Realty Blog

MARCH 1, 2023

I see the failed 2007 development called “Giraffe Condos.” ” This project wasn’t economically viable because the city of Toronto wanted 10-storeys but the developer wanted 27-storeys. 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?

Construction 72

Construction Bankruptcy Pre-approval Purchase and sale agreement 72

Redfin

MARCH 29, 2021

If you have dreams of finding a special piece of land and building a home perfect for you and your family, you’ll want to think about a number of things before making your purchase. It’s common for buyers to pay all cash for land because getting a loan for this type of purchase can be difficult. How will you finance the land? .

Land 65

Land Purchase and sale agreement Finance Development 65

Redfin

JULY 22, 2021

Property lines are necessary during construction by the developer, city, county, or state to show where ownership of one plot of land starts and ends. During the sale of a property, the title company will search for encroachment of one property into another. What are property lines? They usually charge a fee to reproduce it. .

Purchase and sale agreement 72

Purchase and sale agreement Land Title Construction 72

The Close

JULY 23, 2022

Begin with an MLS search of the past 12 months’ sales in the area your client is looking. I know it works because I have personally purchased two properties, under market value, using this technique. It never dawned on me to inquire about who owned it, until one day there was a construction crew working on the neglected exterior.

Bankruptcy 111

Bankruptcy Purchase and sale agreement MLS Investor 111

HomeLight

FEBRUARY 27, 2021

of the final home sale price. While the seller is the one who technically pays commission fees, they don’t pay the commission until after they’ve received their home sale proceeds. Some listing agents (around 3% nationally) charge a flat-fee for their services instead of taking a commission based on the final sale price.

Agents 78

Agents Purchase and sale agreement Staging MLS 78

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.

Agents 402

Agents Purchase and sale agreement New Construction Investor 402

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. Let’s say a developer is building a 100-unit condo. Let’s say the developer is selling these condos for $1,000 per square foot.

Construction 88

Construction Pre-approval Purchase and sale agreement Development 88

Toronto Realty Blog

SEPTEMBER 23, 2022

But then as I started to write, started to research, and began to accumulate articles from the last decade about shady developers and condominium cancellations, I realized this topic necessitated a two-part blog. Condominium cancellations were rampant in the pre-construction industry and people were starting to get pissed.

Construction 59

Construction Purchase and sale agreement Industrial Development 59

HomeLight

SEPTEMBER 14, 2020

Let’s start by defining covenants : These are binding agreements that often dictate behavior, including the pledge to do (or not do) certain things. Restrictive covenants, then, are (now illegal) binding agreements that hold homeowners (in this instance) to certain behaviors and practices around renting or selling their house.

Purchase and sale agreement 96

Purchase and sale agreement Land Title As-is 96

HomeLight

SEPTEMBER 30, 2022

A new construction home — yours from the ground up, with no prior owners — sparkles with possibility. Here, we’ve enlisted the expert advice of top agents, industry insiders, and recent homebuyers to address key questions to ask when buying a new construction home. Should I hire an agent for new construction?

Construction 103

Construction Purchase and sale agreement New Construction Inspection 103

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. This means that the doors, windows, electrical all are done by contractors after the walls have been constructed.”.

Construction 393

Construction Purchase and sale agreement Investor Land 393

Marco Santarelli

DECEMBER 28, 2021

In fact, the Pittsburgh housing market has seen the fewest number of homes actively listed for sale in 2021 The shortage of houses available for sale in Pittsburgh has led to higher demand and rising prices, especially in moderate-income neighborhoods. Homes for sale in Pittsburgh have a median listing price of $230,000.

Marketing 98

Marketing Purchase and sale agreement Investor Technology 98

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.

Agents 127

Agents New Construction Purchase and sale agreement Construction 127

HomeLight

AUGUST 24, 2022

Maybe your company is transferring you from Atlantic City to Las Vegas, and you don’t have time for a lengthy home sale process. HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in New Jersey. Simple Sale (a HomeLight platform). No repairs, no staging, no open houses.

Closing costs 72

Closing costs Purchase and sale agreement Closing Staging 72

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.

Purchase and sale agreement 112

Purchase and sale agreement Inspection Title Pre-approval 112

RIS Media

SEPTEMBER 20, 2021

Boesen ruled that a real estate agent and his brokerage could not be held responsible for selling a new house with a defective, regularly leaking foundation because the buyers could not prove he “knew or should have known any information about the construction of the home.” ” ARKANSAS — GRADE: F. ” In Jehly v.

Design 111

Design Purchase and sale agreement Agents Seller disclosure 111

Toronto Realty Blog

MARCH 4, 2024

The Incentive would allow eligible first-time home buyers who have the minimum down payment for an insured mortgage to apply to finance a portion of their home purchase through a shared equity mortgage with Canada Mortgage and Housing Corporation (CMHC). For the record, I fall into both camps, as I know many others do as well.

Equity 85

Equity Purchase and sale agreement Mortgages Lending 85

Realty Biz

APRIL 11, 2024

The average home price in South Bend is also considerably lower, making it an attractive option for those looking to purchase property. For renters, reviewing your lease agreement carefully is crucial to avoid any potential fees or consequences associated with breaking your lease terms. compared to Indianapolis at 5.6%.

Purchase and sale agreement 85

Purchase and sale agreement Development Investor As-is 85

Marco Santarelli

JUNE 25, 2021

If you want to invest in real estate with little or no money , you need to develop the ability to recognize, understand and even take advantage of other people’s money. Purchase Money Mortgage/Seller Financing. However, with a purchase money mortgage, the seller extends finances to the buyer. Image: Pixabay.

Purchase and sale agreement 133

Purchase and sale agreement Hard money loan Equity Investor 133

HomeLight

JUNE 19, 2023

Tell us a little bit about your plans (where you’re looking to buy and when you want to make a purchase) and we’ll connect you with top-rated buyer’s agents in your area. LandWatch is a free online resource you can use to search for rural properties and land for sale. It takes only a few minutes, and it’s free.

Land 106

Land Proof of funds Purchase and sale agreement Title 106

HomeLight

APRIL 14, 2023

In this post, we’ve researched the expenses related to buying a home in California and gathered expert insights to help you understand just how much closing costs will set you back before you make the biggest purchase of your life. Find a Buyer's Agent What are closing costs? We’ll break down these items in more detail in the next section.

Closing costs 84

Closing costs Closing Purchase and sale agreement Title 84

HomeLight

FEBRUARY 27, 2023

But when it’s an estate sale, emotions can run even higher. He is the broker and owner of Proof Real Estate in San Francisco, California where he specializes in estate sales. On today’s episode, we’re gonna talk about Craig’s five-step formula for estate sale listing success. Yeah, exactly.

Sales 62

Sales Staging Purchase and sale agreement Inspection 62

HomeLight

OCTOBER 17, 2022

What about the age of the water heater you purchased 11 or 12 years ago? You want to read in plain-speak what you are legally obligated to disclose to buyers — and if you acknowledge problems with your home, does that mean you’ll have to pour money into fixing them before you can close a sale?

Purchase and sale agreement 84

Purchase and sale agreement Seller disclosure Inspection Agents 84

Marco Santarelli

AUGUST 28, 2020

But with a 1031 exchange , you get to defer paying those taxes if you reinvest the proceeds in a new property, making an “exchange” rather than a sale. A simple definition of 1031 exchange properties is the property being sold and the property being purchased in accordance with Section 1031 of the tax code.

Investor 137

Investor Purchase and sale agreement Title Land 137

Real Trends

SEPTEMBER 26, 2022

The average sale price in the United States is just a bit higher than $400,000. There’s been a huge increase in expired listings recently since most agents still had too-short listing agreements in anticipation of the hot seller’s market continuing. For sale by owners. What’s the average sale price?

Agents 75

Agents Purchase and sale agreement Investor New Construction 75

HomeLight

JANUARY 13, 2021

Nothaft opined that the shortage of homes for sale and record-low mortgage rates would drive price growth at the beginning of 2021, but added that “we do expect a moderation of home-price growth over the course of the year.”. Evangelou said that new home construction is also on the rise.

Marketing 97

Marketing Purchase and sale agreement Construction Equity 97

Norada Real Estate

FEBRUARY 21, 2022

Looking to purchase and profit from a rental property? Just like any business, purchasing a rental property to earn monthly income can be a bit risky too. A good rental property is fully refurbished or a new construction residential property. What are the comparable rents and purchase prices? How good is that?

Purchase and sale agreement 108

Purchase and sale agreement Investor Due diligence Mortgages 108