Reviewing a builder’s Agreement of Purchase and Sale

REM Online

The original post can be found at the following URL: Reviewing a builder’s Agreement of Purchase and Sale. These Agreements Of Purchase And Sale (APS) are very one-sided in the builder’s favour. Featured Legal Issues Agreement of Purchase and Sale developer

Fulfilling purchase agreements in good faith

REM Online

The original post can be found at the following URL: Fulfilling purchase agreements in good faith. First, what duties do sellers owe purchasers when damage to a property may be substantial and second, what constitutes substantial damage to property?

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Buyer’s failure to waive conditions nullifies Agreement of Purchase and Sale

REM Online

The original post can be found at the following URL: Buyer’s failure to waive conditions nullifies Agreement of Purchase and Sale. The original post can be found at the following URL: Buyer’s failure to waive conditions nullifies Agreement of Purchase and Sale.

When are buyers entitled to rescind a purchase agreement?

REM Online

The original post can be found at the following URL: When are buyers entitled to rescind a purchase agreement? The original post can be found at the following URL: When are buyers entitled to rescind a purchase agreement? 2019 Agreement of Purchase and Sale Issa v.

Mitigation of damages when an Agreement of Purchase and Sale is breached

REM Online

The original post can be found at the following URL: Mitigation of damages when an Agreement of Purchase and Sale is breached. The original post can be found at the following URL: Mitigation of damages when an Agreement of Purchase and Sale is breached.

Buyers bound to agreement negotiated by family friend

REM Online

The original post can be found at the following URL: Buyers bound to agreement negotiated by family friend. The original post can be found at the following URL: Buyers bound to agreement negotiated by family friend.

Pro Tips to Help You Understand Your Home Purchase Agreement

HomeLight

Whether you sell your home FSBO (for sale by owner) or with the help of a top real estate agent , you will enter into a purchase agreement that will come from the buyer or buyer’s agent. A home purchase agreement can go by many names, such as: Real estate sales contract.

Buyers lose right to recover deposit after seller breaches agreement

REM Online

The original post can be found at the following URL: Buyers lose right to recover deposit after seller breaches agreement. The original post can be found at the following URL: Buyers lose right to recover deposit after seller breaches agreement.

Courts show little empathy for failed purchasers

REM Online

The original post can be found at the following URL: Courts show little empathy for failed purchasers. Purchasers should take these risks to heart: the courts will not impose a duty on purchasers to extend closing dates, as it would effectively be to condone breach of contract.

Seller can repossess townhouse after buyer fails to complete purchase

REM Online

The original post can be found at the following URL: Seller can repossess townhouse after buyer fails to complete purchase. The original post can be found at the following URL: Seller can repossess townhouse after buyer fails to complete purchase.

Buyer loses $100,000 deposit after refusing to purchase condo

REM Online

The original post can be found at the following URL: Buyer loses $100,000 deposit after refusing to purchase condo. The original post can be found at the following URL: Buyer loses $100,000 deposit after refusing to purchase condo.

Misrepresentation in square footage leads to rescission of Agreement of Purchase and Sale

REM Online

The original post can be found at the following URL: Misrepresentation in square footage leads to rescission of Agreement of Purchase and Sale. resulted in the rescission of the Agreement of Purchase and Sale (APS) and the return of the $50,000 deposit.

Sellers can’t rely on “escape clause” to accept a better offer

REM Online

In some cases, sellers may wish to hedge their bets by accepting a conditional offer that contains a term allowing them to continue to market the property for sale until the deal is firm. Featured Legal Issues Agreement of Purchase and Sale Grayson v.

Charlie Oppler: DOJ needs to honor agreement with NAR

Housing Wire

You should be able to count on the Department of Justice (DOJ) to honor an agreement. Yet, the DOJ filed a response last week balking again at any commitment to honor the agreement in response to our petition saying they should.

Giving Thanks for a Home Warranty Service Agreement

Lab Coat Agents

And in many cases, protection against breakdowns through a Home Warranty Service Agreement (i.e., This was a for-sale-by-owner seller, and when we negotiated with her, we requested that she include home warranty coverage for our clients. That’s especially true after the sale.

The Homebuyer’s Guide to Governing HOA Agreements

HomeLight

These rules are outlined in the HOA agreements. An experienced real estate agent will insist that you take a fine-toothed comb to the HOA agreements and enlist the help of a lawyer for trickier legal issues that might be lurking there.

Specific performance in a hot housing market

REM Online

Featured Legal Issues Agreement of Purchase and Sale Semelhago v. The following content may have been republished here without the author's permission. The original post can be found at the following URL: Specific performance in a hot housing market.

Who Draws Up the Contract in a For Sale By Owner Listing?

Realtor.com

The seller's agent typically draws up the purchase agreement, but in an FSBO sale, the seller represents him or herself. The post Who Draws Up the Contract in a For Sale By Owner Listing? Buy commission home buying purchase agreement realtor fees updatesSo who takes care of the paperwork? appeared first on Real Estate News & Insights | realtor.com®.

Starting from Scratch: What to Do When Your Real Estate Listing Agreement Expires

HomeLight

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. How long are most listing agreements?

Proposed amendment deleting conditions not a waiver or notice of fulfilment

REM Online

When entering into an Agreement of Purchase and Sale (APS) for a property, buyers and sellers must remain cognizant of the precise language used and conditions they need to follow for an offer to be binding.

Signed, sealed, delivered…I’m yours?

REM Online

This case addresses the interesting issue of whether the words “signed, sealed and delivered”, which appears on the standard form OREA Agreement to Purchase and Sale, meets the “sealed contract” rule in law.

Standard of care owed by agents

REM Online

Sychev, the Ontario Superior Court of Justice affirmed when an Agreement of Purchase and Sale (APS) will be kept alive, preventing a buyer’s release from their contractual obligations. Featured Legal Issues Shaneka Shaw-Taylor Agreement of Purchase and Sale Kazakevich v.

When a property is damaged prior to closing

REM Online

Legal Issues Shaneka Shaw-Taylor Agreement of Purchase and Sale fire fire damage Paul Crowther Pordell v. The following content may have been republished here without the author's permission.

Seller ruled not responsible for property zoning or future use limitations

REM Online

The Ontario Superior Court of Justice affirmed that preliminary discussions between a buyer and seller regarding the potential zoning or future uses of a property are generally superseded by the written terms of the purchase agreement.

Court awards buyers $150,000 after seller reneges on house deal

REM Online

An Agreement of Purchase and Sale is just like any other legal contract: Once duly signed, it is binding and must be honoured according to its terms. Legal Issues Agreement of Purchase and Sale Datta v.

How big is this place, again?

REM Online

So what happens when a buyer purchases a property under the mistaken belief that it measures 2,000-2,500 square feet, and later finds out, before closing, that is it actually only 1,450 square feet? Featured Legal Issues Agreement of Purchase and Sale Issa v.

Existing home sales rise in June as inventory improves

Realty Biz

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. preventing some sales.

Developer deals: Convey parkland to the city, or pay cash-in-lieu?

REM Online

Featured Industrial, Commercial & Investment Legal Issues Agreement of Purchase and Sale CIBC CIBC v. The following content may have been republished here without the author's permission.

Water damage insufficient to terminate transaction

REM Online

Archive Agreement of Purchase and Sale Bilotta v. The following content may have been republished here without the author's permission. The original post can be found at the following URL: Water damage insufficient to terminate transaction.

If I am Purchasing or Selling a Home, Should I Hire an Attorney?

Realty Biz

Fortunately, most house sales follow a relatively consistent pattern that real estate brokers are well-versed in. A lawyer or CPA can assist you in determining how the purchase or sale of your home may impact your tax return.

Better.com reports $86M loss in Q2 as margin narrows

Housing Wire

The loss was primarily driven by a “decrease in overall funding activities in the mortgage market” that resulted in a “significant” decline quarter-over-quarter of the company’s gain on sale margin. The average lender is closer to a two-thirds refi-purchase mix.

Staying After Selling: What to Know About Use and Occupancy Agreements

HomeLight

As excited as you are about the prospect of a successful sale, you’re hesitant to sign a contract without knowing you’ll have somewhere to go. Enter the use and occupancy agreement. This often occurs when the seller has listed their current house before purchasing the next one.

America’s most expensive home goes on sale, priced at $295M

Realty Biz

a $295 million, 105,000-square-foot mansion in Los Angeles’ Bel Air neighborhood has just gone on sale. If the home manages to fetch its $295 million asking price, it would set a new record for the most expensive home ever purchased in the U.S. 7 if it isn’t purchased beforehand.

Leasebacks trend as sellers struggle to find a home to replace theirs

Realty Biz

With existing home inventories super tight and competition among buyers for the few homes that are listed for sale, many have struggled to buy a new home before they leave the one they’re selling. Home Sales fast home sales leaseback agreement rent-back

4 Value-Driven Sales Strategies to Increase Team Production

RIS Media

Here are some proven sales strategies to help drive your agent’s success every day and week, setting more appointments, converting more leads and making more sales happen for your team and for themselves. Without face-to-face appointments, there will be no listings or sales.

How Long Should the Contingency Timeframes in a Purchase Contract Be?

RIS Media

A standard home purchase agreement typically includes contingencies. Purchase contracts typically include an appraisal contingency. If a home appraises for less than the agreed-upon sale price, the buyer can put a larger sum down, ask the seller to reduce the price or walk away.

Should You Buy a Short Sale House? Answer These 10 Questions to Find Out

HomeLight

You just heard about short sales, and they sound intriguing. But it would be a mistake to think you’re automatically getting a deal with a short sale. Short sales fall into the category of “distressed” sales. Here’s when it’s good to buy a short sale house.