Hometrade Realty inc.
11 Couture Gdns L4J9H4 Thornhill, ON, Canada

Credit carma - бесплатная проверка. Открывать и закрывать карточки слишком часто - плохо. Закрывать старую карточку - очень плохо Не пользоваться карточкой - плохо. Пользовать больше 50% карточки - плохо. Опаздывать с платежами - очень плохо. А вот платить минимум пару месяцев а потом выплатить все - это хорошо.

What home buyers and sellers need to know about real estate assignments What is an assignment? An assignment is a sales transaction where the original buyer of a property (the assignor) allows another buyer (the assignee) to take over the buyer’s rights and obligations of the Agreement of Purchase and Sale, before the original buyer closes on the property (that is, where they take possession of the property). The assignee is the one who ultimately completes the deal with ...Continue reading

What happens when you’re buying a house and damage occurs after you made your offer? Should you find the home is not in the same condition as when you made your offer, tell your salesperson, who can deal directly with the seller’s representative, and also talk to a lawyer who is insured to practice real estate law. In Ontario, a standard Agreement of Purchase and Sale includes a clause that makes the seller liable for damages that occur between signing and closing; it’s commo...nly referred to as a risk allocation clause. You would be well advised to get an estimate for the repair costs and the time it will take to fix everything, and ask your salesperson to coordinate with the seller’s representative. Your lawyer will want information about the seller’s insurance policy and to review the APS. You might be wondering if you can back out of purchasing the home. That depends upon the extent of the damage. If the damage is substantial (let’s say there’s a fire, and it burns to the ground), the buyer has a choice to make. They may elect to cancel the transaction and get their deposit returned, or they could choose to go forward with the deal and receive money from the seller’s insurance policy, though these options would have to be considered and discussed by all the parties and the insurer. If the damage isn’t all that substantial (bearing in mind the distinction between substantial and not-so substantial isn’t always clear-cut), the seller or their insurance provider are still on the hook for repairs, and it may not be reasonable for the buyer to back out of the transaction. Your real estate lawyer will be able to advise you on how to proceed. Remember: the seller’s insurance policy on the home terminates the day you take possession, so if you discover any problems after you move in, you’ll have to discuss next steps with your lawyer. There’s an old saying that an ounce of prevention is worth a pound of cure. Whenever you buy a home, I strongly recommend bringing your real estate salesperson with you for a personal inspection of the property shortly before it changes ownership, and never treating it as a casual walk-through. A pre-closing visit is the buyer’s last opportunity to ensure the home is in the same condition as when they made their offer, and the seller has fulfilled any conditions mentioned in the APS. Pre-closing visits are negotiable, so if you feel that additional visits might be necessary, you could ask your salesperson to insert a clause into your offer

With marijuana about to be legalized, I’m concerned about buying a former grow-op. Does the seller need to disclose this information? In most cases, probably not, but the disclosure of such information is a decision that a seller needs to make after consulting with their real estate salesperson and a lawyer who is insured to practice real estate law. To be clear, I assume you mean a property where many plants were grown illegally because the new laws will permit the home cult...ivation of just a few plants. Under the current laws in Ontario, a property seller is not required to disclose the personal history of their home, even if it carries a psychological stigma: a non-physical attribute that could trigger a negative emotional response from potential buyers. Perhaps a charming lakeside cottage was once the site of a gruesome murder, or an unassuming bungalow in the suburbs was the childhood residence of a serial killer. A home that once housed a marijuana grow-op that has since been cleaned up and declared safe for habitation could be considered stigmatized. The courts have ruled that a seller doesn’t have to disclose an identified stigma to potential buyers (although some may do so out of a sense of moral obligation, or to avoid potential lawsuits), so if you’re concerned about possibly purchasing a home that was once a grow-op it’s important to perform your own due diligence. That means: Hiring a qualified home inspector to inspect the property and making your offer conditional upon it passing inspection. Conducting your own research speaking with some of the neighbours and doing some research on the street address. Working closely with your real estate salesperson to formulate questions for the seller and their representative. The seller may direct their salesperson not to disclose a particular stigma, but the Real Estate Council of Ontario’s (RECO) Code of Conduct forbids a seller’s rep from being untruthful if they’re asked a direct question about a property. They are within their rights to decline to answer and suggest you look into it yourself, though. That’s a good reason to only buy or sell properties through registered real estate salespeople or brokers: the industry is committed to upholding the Code and understands there are consequences for breaching it. As I mentioned in a previous column an exception to Ontario’s real estate information disclosure laws are latent physical defects the owner knows about that could make a property unsafe or uninhabitable these must be disclosed to potential buyers. How does that relate to cannabis cultivation? Grow-ops can generate a lot of moisture, which may lead to mould infestations, and they may have undergone potentially unsafe electrical modifications. A seller who believes their home could have a serious defect should discuss disclosure options with their salesperson and their real estate lawyer.