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

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.

Construction 74

Construction Industrial Purchase and sale agreement Pre-approval 74

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.

New Construction 138

New Construction Construction Purchase and sale agreement Design 138

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.

Purchase and sale agreement 98

Purchase and sale agreement Staging Agents Brokerage 98

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.

Closing 76

Closing Sales Purchase and sale agreement Agents 76

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.

Purchase and sale agreement 107

Purchase and sale agreement Finance Loans Design 107

RIS Media

MAY 30, 2021

New home construction is an appealing option for many buyers, particularly those who have grown tired of being outbid in multiple offer situations. It is easy to be lured by their friendly sales reps and attractive model homes, but who will be looking out for their interests after the contract is signed? To learn more, visit REBAC.net.

Purchase and sale agreement 145

Purchase and sale agreement Construction New Construction Development 145

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?

Purchase and sale agreement 73

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

Marco Santarelli

APRIL 11, 2024

This stagnation is reflected in the lowest levels of e xisting home sales since 2010 and a substantial drop in mortgage demand, the lowest in over two decades. While some experts forecast an increase in home sales transactions compared to the previous year, they also anticipate a slower rise in home prices.

As-is 98

As-is Purchase and sale agreement Investor Mortgages 98

Redfin

AUGUST 3, 2020

Key takeaways for the 4-week period ending July 26: Pending home sales were up 12% year over year, an increase from the 7% year over year gains we reported for the period ending July 12. 30-year mortgage rates have hovered around 3% for three weeks , and mortgage purchase applications were up 21% from a year earlier.

Sales 65

Sales Purchase and sale agreement New Construction Agents 65

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 to buy a FSBO property with a real estate agent.

Purchase and sale agreement 122

Purchase and sale agreement Agents Sales Construction 122

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. Source: ( Shopify Partners / Burst ).

Purchase and sale agreement 122

Purchase and sale agreement Due diligence Closing costs Mortgages 122

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.

Inspection 120

Inspection Purchase and sale agreement Loan contingency Loans 120

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 85

Purchase and sale agreement Commercial Construction Development 85

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.

Purchase and sale agreement 81

Purchase and sale agreement Title search Inspection Construction 81

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.,

Marketing 98

Marketing Purchase and sale agreement Construction Equity 98

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 133

Land Purchase and sale agreement Due diligence Title 133

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.

Purchase and sale agreement 83

Purchase and sale agreement Title Closing costs Seller disclosure 83

HomeLight

OCTOBER 17, 2022

Deliberately omitting facts, lying, or attempting to conceal pertinent information can open sellers up to potential litigation if the buyer purchases the home and later finds out the truth. Before entering into a purchase agreement, the seller must inform the buyer of any known lead-based paint hazards in the home.

Purchase and sale agreement 91

Purchase and sale agreement Due diligence Earnest money deposit Inspection 91

RIS Media

MAY 19, 2021

” What do they mean and how will they affect your home sale? Despite this, there can still be room to negotiate the conditions of the sale. Not all sales will have contingencies with them, but most will. The majority of homebuyers use a mortgage to finance their purchases. Home Sale Contingencies.

Purchase and sale agreement 98

Purchase and sale agreement Earnest money deposit Inspection contingency Home sale contingency 98

Realty Biz

FEBRUARY 1, 2024

They provide expert guidance, market insights, and negotiation skills to help them find and purchase a suitable property. Offer Preparation and Negotiation When the client identifies a property of interest, the buyer's agent assists in preparing a well-crafted purchase offer that reflects the buyer's terms and conditions.

Agents 71

Agents Due diligence Purchase and sale agreement Inspection 71

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

Toronto Realty Blog

JANUARY 22, 2021

Let’s rewind… Back in October of 2017, a pre-construction, stupidly-named “Museum FLTS,” was cancelled. I wrote about this on my blog: November 13th, 2017: “Another Pre-Construction Condo Cancelled. The first early termination condition relates to reaching a minimum pre-sale level by a fixed date.

Purchase and sale agreement 54

Purchase and sale agreement Pre-approval Development Construction 54

Fancy Pants Homes

MARCH 21, 2024

In 2019, the former couple jointly purchased a chic modern farmhouse in Valley Village for just over $2 million. With neither party able to come to an agreement, both of them are forced to live under the same roof until the sale of the home is sorted out. While Ariana wants to move out and move on, Tom is refusing to relocate.

Purchase and sale agreement 52

Purchase and sale agreement New Construction As-is Staging 52

Notorious ROB

APRIL 5, 2023

I’ll try very hard not to make this a total sales pitch and shameless plug, but… I make no guarantees on that front. Settlement : actual exchange of money or something else of value for what was purchased. We agree… if they are paying a Buyer Premium on top of the full commission-included sale price.

Purchase and sale agreement 97

Purchase and sale agreement MLS Brokerage Agents 97

Realty Biz

MAY 9, 2022

It is revolutionizing how buyers connect with realtors for property purposes, be it for construction, purchasing, property management, home services, selling, or renting. The accuracy of a property’s expected sale price will improve as the capacity to acquire data grows. To use blockchain to sell real estate via tokens.

Technology 84

Technology Purchase and sale agreement Investor Property Management 84

Redfin

MAY 26, 2021

Escrow starts with your purchase offer on a home and ends when you close on the house. This is a contractual agreement that begins after you close on your home and ends once you’ve paid off your mortgage or refinance with another lender. Who would hold each party responsible to fulfill the conditions of the sale?

Purchase and sale agreement 77

Purchase and sale agreement Title Earnest money deposit Loans 77

Realty Biz

JULY 11, 2022

When you set out to purchase a home as buyer you will eventually find a property you love. At that point, you’ll sit down and construct on offer to purchase. Buyers and sellers will often negotiate these items before reaching an agreement. Adding an Appraisal Contingency in a Buyer’s Market.

Earnest money deposit 82

Earnest money deposit Purchase and sale agreement Marketing Equity 82

RIS Media

SEPTEMBER 29, 2020

properties said it will offer a fresh, full-service alternative to independent broker/owners, owners with expiring franchise agreements and top-producing agent teams. 1 seller of new construction). As of August 2020, the firm has grown to 250 agents and last 12 months’ closed sales volume of $1.5 billion in transactions.

Purchase and sale agreement 102

Purchase and sale agreement Brokerage Branding Technology 102

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 82

Agents Purchase and sale agreement Staging MLS 82

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

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 407

Agents Purchase and sale agreement New Construction Investor 407

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 71

Construction Pre-approval Purchase and sale agreement Development 71

Toronto Realty Blog

MARCH 30, 2022

Well, if you’ve ever bought pre-construction in the province of Ontario, you would have already experienced the government-mandated 10-day cooling-off period that affects such sales. 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

Realty Biz

SEPTEMBER 28, 2022

The appraiser will notice this form along with the purchase agreement. If a seller wants to sell their house for the top dollar, they may want to consider fixing their home before putting it on sale. What Kind Of Buyer Would Purchase A Home With A Leaky Roof As Is? Fewer Hiccups Than In A Traditional Sale.

Purchase and sale agreement 81

Purchase and sale agreement Inspection Investor Closing costs 81

HomeLight

APRIL 11, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract. With a signed sales agreement, the closing process will begin.

Purchase and sale agreement 74

Purchase and sale agreement Closing costs Closing Agents 74

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. During construction, builders often use survey pins to mark the plot of land.

Purchase and sale agreement 72

Purchase and sale agreement Land Title Construction 72