Purchasing a new construction home is an exciting opportunity. However, it is not uncommon to hear nightmare stories about the quality of new construction homes. A defect in the construction of your new home can be costly and frustrating and not all homebuilders are the same when it comes to ensuring quality of workmanship and… Continue reading Understanding Tarion Warranty: A Comprehensive Guide for Home Buyers
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Category: Agreement of Purchase or Sale
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Does an easement impact property values?
When it comes to property ownership, there are various legal rights and interests that can impact how land is used, transferred, and enjoyed. One such legal concept is an easement, which grants certain rights to individuals or entities over another person’s land. Easements can provide benefits to both the party that holds the easement, known… Continue reading Does an easement impact property values?
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What happens when a pre-construction condo project gets cancelled?
Buying a pre-construction condo is an exciting investment opportunity. Most often, buying pre-construction can potentially save you money compared to buying a resale unit. It also allows you to have a lot more choice and control over location, finishes and amenities as opposed to the constraints with a resale property. However, sometimes things don’t go… Continue reading What happens when a pre-construction condo project gets cancelled?
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What is a holdback in real estate and when is it used
When it comes to real estate transactions, a holdback is an amount of money that is withheld from the seller at closing until certain conditions are met. Holdbacks can be a useful tool for protecting the buyer’s interests, but they are not always necessary or even possible in every transaction. Here’s a closer look at… Continue reading What is a holdback in real estate and when is it used
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When to schedule your final property visit and what to look for prior to closing
When purchasing a property, most homebuyers include a certain number of property visits to their new home prior to closing in their purchase agreement. Including the allowance for property visits, or home visits, as a contingency in your offer to purchase means that you are reserving the right to visit the property before the sale… Continue reading When to schedule your final property visit and what to look for prior to closing
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BC’s cooling off period for homebuyers. Here’s what you need to know.
British Columbia’s new cooling-off period when buying real estate is a welcome change for many home buyers in the province, but like anything else, it does come with some strings attached. It’s no secret that the real estate market in BC has been hot for quite some time, with many people feeling pressure to make… Continue reading BC’s cooling off period for homebuyers. Here’s what you need to know.
