Toronto Realty Blog

FEBRUARY 20, 2025

In order to build a condominium in Ontario, the developer will pre-sell units, that don’t yet exist, and when a certain threshold is met (ie. But practically, she had paid about $1,700 per square foot for the condo in pre-construction several years ago, and the condo wasn’t worth anywhere near that today. Technically.

Development 62

Development Purchase and sale agreement Pre-approval MLS 62

HomeLight

OCTOBER 29, 2020

Because the stakes are high when it comes to property transactions, contingencies are written into the purchase agreement , and in most cases, action must be taken toward satisfying those contingencies within a certain time frame. In these cases, buyers make up the difference between the purchase price and the appraisal with cash.

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 81

Marco Santarelli

AUGUST 17, 2020

® offers a comprehensive list of for-sale properties, as well as the information and tools to make informed real estate decisions. For example, it provides a quick snapshot of local markets like the median sale price and average price per square foot so you can estimate what a house is worth on the market in good condition. Realtor.com®

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Purchase and sale agreement Land Investor MLS 115

HomeLight

OCTOBER 12, 2022

With median sales prices rising 24.2% Some states have requirements for disclosing issues affecting the land or additional disclosures specific to that state. Buyers need to know what they’re getting and not discover major detrimental issues after the sale that are expensive to fix, like a sinkhole or a foundation that’s been moving.

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Seller disclosure Purchase and sale agreement Homeowner’s association Inspection 111

Realty Biz

JANUARY 12, 2021

I don’t want to go too far into the history of real estate investing but setting sail across the seas to discover and conquer new lands was another investing strategy. It’s about working with a professional agent to narrow your search and help you navigate through the purchase process. Or a lease with an option to purchase.

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Purchase and sale agreement Pre-qualification Pre-approval MLS 67

HomeLight

AUGUST 31, 2021

We talked to agents, builders, and other top industry experts to develop this guide that’ll help you make the most out of working with an agent on your new-home purchase and to find out what they can do for you. They’ll be able to tell you if you’re getting ripped off on the sale price or if a builder overcharges you on granite countertops.

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Agents New Construction Purchase and sale agreement Construction 128

HomeLight

JUNE 8, 2023

A 1031 exchange allows investors to sell productive-use properties (meaning property you make money from such as apartments, rental homes, land, or office space) and buy another like-kind property (aka an investment property) while also deferring payment of capital gains taxes. What is a 1031 exchange? Let’s break this down.

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Purchase and sale agreement Title Investor Pre-approval 98

Marco Santarelli

AUGUST 18, 2020

In June, the pending sales of single-family homes jumped 43.6 percent from 1,187 homes put under agreement in May, and condo pending sales climbed and even more impressive 51.7 percent from 782 units placed under agreement in May, according to GBAR. The median sale price was $679K. year-over-year.

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Marketing Purchase and sale agreement Investor Sales 124

CT Homes

OCTOBER 28, 2021

Any real estate transaction will host numerous costs and fees that will be factored into the purchasing process on top of the property’s value. Understanding who is responsible for paying these fees is crucial for properly valuing the sale as the buyer or seller. Does the Buyer or Seller Pay Closing Costs? Buyer Closing Costs.

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Closing costs Closing Purchase and sale agreement Title 75

HomeLight

DECEMBER 6, 2022

When the time comes to move, some tenacious homeowners in New Jersey are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

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Purchase and sale agreement MLS Pre-approval Agents 103

Redfin

MARCH 3, 2022

You’ll want to rethink purchasing that beautiful new couch and hold off on planning those backyard additions before the title has been cleared. Unless you’re submitting an all-cash offer, you’ll need to obtain financing to purchase your home. The home appraisal is lower than the sale price. How to remedy the situation.

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Closing Title search Purchase and sale agreement Title 63

HomeLight

JUNE 14, 2022

Embarking on a sales transaction of that size calls for some planning, including understanding the costs, potential proceeds, and how long your home might be on the market so you can anticipate your next move. You can probably expect to run into these common expenses for home sellers in Chicago: Prepping your house for sale.

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Seller concession Purchase and sale agreement Closing costs Title 110

Redfin

FEBRUARY 10, 2021

Later in the year, the worst of the pandemic will hopefully be behind us, and as businesses reopen and daily activities become safer, a new batch of homebuyers and sellers will enter the housing market, making for the strongest year of home sales since 2006. ”. There is a shortage of homes for sale. We’re in a seller’s market.

Debt-to-income ratio 76

Debt-to-income ratio Pre-approval Inspection Purchase and sale agreement 76

Toronto Realty Blog

SEPTEMBER 23, 2022

Condominium cancellations were rampant in the pre-construction industry and people were starting to get pissed. I am concerned about the people who had purchased a condo here in Vaughan where they could grow and build their lives in our community. When we left off on Wednesday, I think we were somewhere around 2018.

Construction 59

Construction Purchase and sale agreement Industrial Development 59

HomeLight

NOVEMBER 21, 2022

When the time comes to move, some tenacious homeowners in South Carolina are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

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Purchase and sale agreement MLS Pre-approval Agents 102

HomeLight

SEPTEMBER 30, 2022

When the time comes to move, some tenacious homeowners in Wisconsin are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7%-8% , historically — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

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Purchase and sale agreement MLS Agents Inspection 104

The Close

DECEMBER 15, 2023

Create a full investment profile and pre-approval mortgage application so you understand your client’s financial position and real estate investment goals. Execute a buyer agency agreement and start visiting and touring potential deals. It completely changes the sales dynamic.

Investor 72

Investor Marketing Purchase and sale agreement Agents 72

Toronto Realty Blog

MAY 16, 2022

When the government mandated a 20% down payment on properties of a $1,000,000 purchase price or higher, that meant that $800,000 properties shot up to the high-$900’s essentially overnight. ” This could be in the form of reduced rent, reduced sale price, or the government “buying” the units from the developer.

Construction 102

Construction Pre-approval Purchase and sale agreement Development 102

Toronto Realty Blog

FEBRUARY 16, 2022

Require mandatory delegation of site plan approvals and minor variances to staff or pre-approved qualified third-party technical consultants through a simplified review and approval process, without the ability to withdraw Council’s delegation. Let’s pick up where we left off: 15. Nonsense like this has to end.

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Pre-approval Land lease Development Land 87

The Close

DECEMBER 29, 2022

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. Active contingent. Call option.

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Purchase and sale agreement Title Pre-approval Proof of funds 98

Toronto Realty Blog

AUGUST 29, 2022

Announces 3-Day Cooling Period For Home Sales To Reduce Risk To Buyers” July 21st, 2022. per cent of the purchase price, or $250 for every $100,000, for those who back out of a deal, balancing the needs of both buyers and sellers. Here’s an article that ran last month: “B.C.

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Inspection Purchase and sale agreement Pre-approval Finance 92

Toronto Realty Blog

JUNE 24, 2024

Over the last three years, I have assisted more elderly sellers with the sale of their home (and/or with the help of their children) then in the previous seventeen years of my career combined. In fact, I recently represented an estate sale where the “children” were aged 81-years-old, 76-years-old, and 71-years-old respectively.

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Purchase and sale agreement Closing Sales As-is 91

Toronto Realty Blog

DECEMBER 14, 2022

Tomlinson exposed multiple instances of bad practices in the Vancouver real estate market, including the now-infamous “assignment” of existing agreements, in this column: “The Real Estate Technique Fuelling Vancouver’s Housing Market”. October 19th, 2022, I wrote, “Should Tenants Be Pre Approved For Candidacy?”

Development 96

Development As-is Purchase and sale agreement Marketing 96

The Close

JUNE 2, 2022

Let’s have a follow-up call to go through the agreement I left you and any questions you may have with my marketing plan. Hi [First Name], Happy anniversary on the purchase of your home! West + Main Homes has a video discussing the pre-approval process that you might also find helpful. Real estate purchases.

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Purchase and sale agreement Pre-approval Agents Brokerage 98

Toronto Realty Blog

MAY 26, 2022

I literally just got off the phone with a client, to whom I said, “I’m having very honest, direct conversations with people these days, and I’m simply giving them the lay of the land, and letting them decide what they want to do. I would say that 7/10 of them are hearing me and in agreement…” She laughed.

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Fixed-rate mortgage Purchase and sale agreement Banks Mortgages 103

Toronto Realty Blog

MARCH 25, 2022

The organization also criticized the First-Time Home Buyers Incentive program, a shared-equity program launched in September 2019 that offers five per cent toward the down payment for a first-time buyer’s purchase of an existing resale home, or 10 per cent for a newly constructed home. million in February, a 35 per cent year-over-year jump.

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Purchase and sale agreement Construction Pre-approval Development 93