In most cases, the beneficial and legal owners of a property are one and the same, but they can be separate individuals through a “trust agreement”. Simply put, a trust agreement is a legal tool to separate the legal and beneficial owners of the property. What are “legal owners”? The legal owners are the persons… Continue reading What is a trust agreement in Real Estate?
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Tag: home closing
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Can you close your Alberta property from out-of-province?
When purchasing an Alberta property, you can close your transaction virtually and save time and money.
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Does Alberta have a land transfer tax?
Alberta does not have a land transfer tax like other provinces, however, some other fees may apply towards your closing costs.
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Six Most Common Post-Closing Issues and How To Avoid Them
There are few things that are more exciting than getting the keys to your new home. What you typically picture as a happy and exciting moment, can quickly turn into a stressful and frustrating mess thanks to a variety of situations that can transpire after closing. In “industry-speak” we call these post-closing issues. As much as… Continue reading Six Most Common Post-Closing Issues and How To Avoid Them
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Insurance: Everything You Need To Know When Closing
Whether you’re closing on a home or refinancing your mortgage, you are going to need to look into various insurance products. Some of these are going to be mandatory, others are optional, and some are just common sense to have or look into. Here are the various types of insurance products you will encounter when… Continue reading Insurance: Everything You Need To Know When Closing
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COVID-19 and Residential Real Estate Closings
Will COVID-19 impact residential Real Estate closings? As the disruption caused by coronavirus (COVID-19) continues to spread, it may become increasingly essential to quarantine a large portion of the population to counter the spread of the virus as we’ve already seen happen in China, Italy, Iran and other countries. Given that we are in the… Continue reading COVID-19 and Residential Real Estate Closings
