Category Archives: Real Estate

Why Have a Home Inspection?

Offers of purchase and sale on a home are often contingent on a satisfactory home inspection. The translation: the buyers have a period of time to hire a qualified home inspector to do just that: inspect the property top to bottom and inside and out.

This is a practice I highly recommend as the inspector is working for the buyer, not the seller, or the agents. Upon reviewing the results, the buyers can either confirm their intention to complete the purchase, negotiate repairs or compensation for identified deficiencies, or, in some instances, walk away.

I will strongly suggest that you seek out someone who is certified with a recognized professional association, such as the National Association of Home Inspectors or NAHI (U.S.) and the Canadian

Association of Home & Property Inspectors (CAHPI).  I also strongly suggest that you choose a home inspector who has several years of experience inspecting the type of property you’re considering buying.

And, of course, ask for references as they can be golden.  Do not look at just the rate they charge. It is of the utmost importance that you look at the skill, knowledge and experience they bring to the table.

This can be critical when it comes to your final decision and should be paramount when choosing your inspector. Inspection by a competent, certified inspector may be your last line of defence against undiscovered potential costs and or hazards in the home…Do not take the shortcut here. You owe it to yourself and your family to get this step in the purchasing process exactly right.

Vacant Possession: The “TIMING”

This is a simple question and sometimes gives rise to significant problems. The general advice given by lawyers traditionally has been that vacant possession must be given by the “actual time of closing”.

The problem is that people just don’t leave. They are often in the process of moving out, but they’re not quite out. An experienced purchaser will know this, and leave a day’s grace, so that there will be no conflict. Continue reading Vacant Possession: The “TIMING”

Grow Ops can knock on real estate’s door

Whether you sell real estate, invest in it or just buy it for pleasure, you’d be hard-pressed to not have heard about that class of criminal who hides out in the anonymity of residential or industrial neighbourhoods producing multi-million-dollar marijuana crops and chemical drug operations.

Drug lords get rich, addicts get high and the negative repercussions for society carry on. Once these illegal operations are uncovered or abandoned, they fall to the hands of housing professionals, many of whom are left in the awkward, risky and potentially dangerous position of selling, appraising, financing or inspecting a former grow op. Continue reading Grow Ops can knock on real estate’s door

How To Help Your Clients Pick The Right Neighbourhood

How well do you know the neighbourhoods in which you ply your trade?

Check out this article

The Results Are In! The PropertyWire.Ca Survey “Successful Habits Of Canadian Realtors”

The results of the PropertyWire.Ca reader survey, Successful Habits Of Canadian Realtors are in!…

Continue reading How To Help Your Clients Pick The Right Neighbourhood

First-Time Home Buyers: The Good, the Bad, the Ugly

Buying your first home comes with a very long list of daunting fears, threats and what-ifs and an equal amount of heartening rewards, benefits and opportunities.

Check out this article

The Results Are In! The PropertyWire.Ca Survey “Successful Habits Of Canadian Realtors”

The results of the PropertyWire.Ca reader survey, Successful Habits Of Canadian Realtors are in!… Continue reading First-Time Home Buyers: The Good, the Bad, the Ugly

Is Serving the Lending and House-buying Needs of Clients a Case of Duelling Duties?

In our hyper-competitive work-a-day world, the higher and more prestigious your degree, the more courses and designations you’ve mastered, the better references you’ve acquired all works toward spinning your resume into an effective and sought-after calling card.

Realtors, too, are increasingly expanding their skill set so it’s not surprising that many are looking to offer mortgages to their clients as well.

Check out this article Continue reading Is Serving the Lending and House-buying Needs of Clients a Case of Duelling Duties?

Law Of Property Chattels Series Part 8: Chattels and Fixtures ~ Contracts are Irrelevant

The law related to the chattels and fixtures debate is the law of real property. Contract law has nothing to do with it.

So, it doesn’t matter whether we are talking about an agreement of purchase and sale, a mortgage, a chattel mortgage, a financing agreement, a construction agreement, a sale and leaseback, a sale of chattel property, a postponement of security agreement, or a lease. The point is simple! Contracts between parties have nothing at all to do with the classification of items or objects as either chattels or fixtures. Real property law governs. Real property law will deal with the issue. Continue reading Law Of Property Chattels Series Part 8: Chattels and Fixtures ~ Contracts are Irrelevant