Tag Archives: selling a home

DO I NEED SPOUSAL CONSENT?

Source: Riopelle Group Professional Corporation The question of spousal consent must be asked for every residential real estate transaction, whether it be a purchase, sale, mortgage or transfer of title. We often field the question from clients, realtors and mortgage … Continue reading

Posted in home search, homes, homes for sale, house hunting, MLS, REALTOR, realty, Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

CMHC CHANGES ITS MORTGAGE INSURANCE PRODUCT OFFERING

Source: Canada Mortgage & Housing Corporation As part of the review of its mortgage loan insurance business, CMHC is discontinuing its Second Home and Self-Employed Without 3rd Party Income Validation mortgage insurance products effective May 30, 2014. Self-employed Canadians can … Continue reading

Posted in home search, homes, homes for sale, house hunting, MLS, new home, REALTOR, realty, Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

UNDERSTANDING CONDITIONAL OFFERS

By Mark Weisleder While any number of conditions are possible, most real estate offers are conditional on two main terms: 1) The buyer obtaining the necessary financing to complete the purchase; and 2) The buyer being satisfied with the results … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , ,

UNDERSTANDING HOW TERM AND AMORTIZATION WORKS CAN SAVE YOU THOUSANDS!

Source: Home Ownership Editor & OCNA Special to Money Management Newsletter If there is one thing that confuses the public it is the difference between the Mortgage Term and the Mortgage Amortization Rate. The Mortgage Term is that period of … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , | 1 Comment

COMPETING OFFERS

Source: RECO In certain market conditions, consumers may find that more than one buyer is interested in a property. This is a competing offer situation (also known as multiple offers) and creates unique conditions in a real estate transaction. Both … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , | Leave a comment

WHY IS MY REALTOR ASKING TO SEE MY ID?

Source: OREB When you work with a REALTORĀ®, he or she will ask you for some personal identification information, such as your date of birth, occupation, and a piece of government-issued photo ID. REALTORSĀ® are now required by law to … Continue reading

Posted in Uncategorized | Tagged , , , , | Leave a comment

MOST ONTARIAN CONFUSED ABOUT HST & RESALE HOMES

Source: OREA 56% mistakenly believe HST applies to purchase price An Ipsos Reid survey commissioned by the Ontario Real Estate Association (OREA) and released today reveals that 56 per cent of Ontarians mistakenly believe that the new Harmonized Sales Tax … Continue reading

Posted in Uncategorized | Tagged , , , , | Leave a comment