Toronto Realty Blog

APRIL 3, 2025

The 41-year-old Montreal property manager made an $85,500 deposit on an $855,000 studio in Forest Hill knowing he could never qualify for the mortgage on the unit. Back in 2004, you could purchase a pre-construction condo with 5-10% down. – “…knowing he could never qualify for the mortgage on the unit.”

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Construction Development Purchase and sale agreement Banks 74

HomeLight

NOVEMBER 16, 2021

Less-than-stellar credit history can create an obstacle to getting a mortgage , making the whole process even more daunting. They must be traditional sales or for sale by owner (FSBO) homes. Homes must be listed at a price point between $100,000 and a metro’s designated maximum purchase price (which Home Partners sets).

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Purchase and sale agreement Pre-approval Debt-to-income ratio Pre-qualification 104

The Close

NOVEMBER 26, 2024

As you consider the process of how to buy a vacation home, here are the main benefits and disadvantages: Pros Cons A vacation property can provide an additional source of income. Whether you rent the property or not, you'll be responsible for utilities, maintenance, taxes, and property management fees.

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Purchase and sale agreement Property Management Finance Banks 98

HomeLight

JANUARY 31, 2022

If you need assistance navigating the legalities of your sale, HomeLight always encourages you to reach out to your own advisor. Are you selling your rental property with a tenant still living in it? works on many sales of rental properties. Options for handling tenants with a month-to-month agreement.

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Purchase and sale agreement Investor Sales Agents 98

HomeLight

DECEMBER 15, 2021

So you’ve paid off your entire mortgage. Or maybe you’re considering keeping the house as an investment property. Or maybe you’re considering keeping the house as an investment property. “But when the mortgage is paid off, people are gonna use that money for something. No mortgage payments.

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Purchase and sale agreement Home sale contingency Mortgages Loans 105

HomeLight

APRIL 19, 2021

If you’ve lived in your home for years, purchasing a second home and renting out the first could be a viable option. You get the mortgage benefits of purchasing a home that will be owner-occupied, such as lower interest rates and less strict down payment requirements. Cost and return. Cost and return.

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Norada Real Estate

JUNE 22, 2022

The value of your turnkey rental property may increase to make it profitable for you to flip it in the future. But having said that, turnkey real estate investing does require a lot of research, planning, and hard work to make the purchase a sound investment. FINANCE TURNKEY RENTAL PROPERTY PURCHASE.

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Purchase and sale agreement Inspection Property Management Title 94

Norada Real Estate

FEBRUARY 21, 2022

Looking to purchase and profit from a rental property? In this article, we're going to give you some important tips on how to buy a rental property. These are the steps every budding property investor should take to pick a good cash-generating rental property. Buying rental property is not for everyone.

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Purchase and sale agreement Investor As-is Due diligence 111

Toronto Realty Blog

MAY 23, 2024

Another person emailed about 1,200 words detailing her issues with property management in her Mississauga condo, and if I would be free to help her draft a legal response. If it doesn’t, you can cancel the contract within one year of entering into the agreement. Company-A sold the hot water rental agreement to the home-owner.

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Purchase and sale agreement Title Land As-is 105

The Close

NOVEMBER 12, 2024

I’ll differentiate duplexes, triplexes, and quadplexes, weigh the pros and cons, and provide alternative investment property options. They are all considered multifamily properties and are great investments that can generate a handsome profit. Also, while there are tax benefits, if you don’t keep the property for 27.5

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Purchase and sale agreement Property Management Residential Investor 98

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.

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Purchase and sale agreement Land Investor MLS 115

HomeLight

AUGUST 16, 2021

And you’ll also need to check with your landlord and leasing agreement to make sure renting your apartment is permitted in the first place (many leases prohibit subletting). Insisting upon a signed and notarized legal rental agreement. Consider a master lease agreement. A few tips: Remove valuable items to another location.

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Purchase and sale agreement Equity FHA loan Home sale contingency 105

Marco Santarelli

OCTOBER 5, 2024

If so, let me tell you: turnkey properties are a game changer for newbie real estate investors. These investment gems can simplify the buying process and provide immediate returns without the usual headaches associated with property management. Turnkey properties eliminate the need to manage these processes.

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Investor Purchase and sale agreement Property Management Renovation 52

HomeLight

MARCH 28, 2022

Simple Sale provides cash offers for homes nationwide for when a traditional listing doesn’t work. If you purchased the home recently, such as a year or two ago, it’s possible you haven’t built up much equity yet. Use: You lived in the property for at least two of the last five years. Stressed About a Quick Job Move?

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Purchase and sale agreement Agents Equity Staging 119

Redfin

MAY 7, 2021

In a seller’s market, you may be tempted to put an offer on a home that’s contingent on the sale of your current home. For those unfamiliar with HELOC or Bridge Loans, they use your home’s equity, the difference between your home’s value and the amount owed on your mortgage, to secure the loan. But there’s always a trade-off.

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Purchase and sale agreement Marketing Equity Rent back 80

HomeLight

APRIL 29, 2021

If you’re selling a multi-family home, you’re likely ready to trade up from your starter duplex, triplex, or quadruplex investment property or have determined it’s a good time to cash out altogether. In some circumstances, evicting a tenant may be necessary to secure a sale. The building’s value when last purchased.

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Investor Purchase and sale agreement Agents Commercial 111

Marco Santarelli

AUGUST 16, 2024

Cheap doesn't mean dilapidated: While properties requiring renovations can offer significant discounts, avoid equating “cheap” with uninhabitable. Factor in all costs: The purchase price is just the tip of the iceberg. Explore financing options: Research mortgages, hard money loans, and private lending options.

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Due diligence Purchase and sale agreement Renovation Title search 52

HomeLight

SEPTEMBER 30, 2021

If you don’t pay the fine or you can’t come to an agreement with an HOA, they can put a lien on your property, which can affect the sale of your property.”. One mistake homeowners can make is doing something to their property without the proper approvals. HOA fees and mortgage approval.

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Purchase and sale agreement As-is Property Management Finance 134

HomeLight

OCTOBER 8, 2020

Jim Gilliland , a top real estate agent in Florida , says that the first step for anyone wanting to take the plunge is to assess their finances and visit a mortgage broker or bank to see what kind of loan they can qualify for. If you own your own house, you can deduct mortgage interest. You can establish a passive income source.

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Equity Land Purchase and sale agreement Loans 105

Kyle Handy

APRIL 27, 2023

This commission is usually a percentage of the home or property’s selling price and varies depending on the agreement between you and the client. A typical commission for real estate agents ranges from 5% to 6% of the sale price. The typical commission ranges between 5% and 6% of the home sale price.

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Purchase and sale agreement Brokerage Agents Property Management 52

Kyle Handy

APRIL 27, 2023

This commission is usually a percentage of the home or property’s selling price and varies depending on the agreement between you and the client. A typical commission for real estate agents ranges from 5% to 6% of the sale price. The typical commission ranges between 5% and 6% of the home sale price.

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Purchase and sale agreement Brokerage Agents Property Management 52

HomeLight

MARCH 30, 2022

To best meet your homeownership needs, the real estate company you choose should have expertise in the local market, a high number of home sales under their belt, a quick turnaround on home sales, and a track record of ethical transactions. A real estate brokerage is only as good as the agent you choose. Find Agent.

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Residential Brokerage Purchase and sale agreement Agents 98

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

Marco Santarelli

SEPTEMBER 19, 2023

You learn about various financing options, appraisals, contracts, and property management. You also gain practical experience and learn how to evaluate real estate properties. Secure financing: Determine how you will finance your investments, whether through traditional mortgages, private loans, or other creative methods.

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Purchase and sale agreement Finance Due diligence Investor 52

BAM Media

NOVEMBER 12, 2024

Our results this quarter put Compass in a position to deliver meaningful Adjusted EBITDA for 2024 and to be free cash flow positive for the full year despite a multi-decade low for existing home sales, demonstrating our ability to generate significant free cash flow as the market makes its way to mid-cycle levels. In the U.K.,

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Brokerage Purchase and sale agreement Principal Technology 52

HomeLight

APRIL 19, 2021

One big advantage is a complete familiarity with the property — you’ll already know the ins and outs of its condition, maintenance history, and any of those little “jiggle the lock up and to the left” quirks. I’m a big believer in knowing your business inside and out, and that means making mistakes initially,” says Tucker.

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Investor Property Management Purchase and sale agreement Proof of funds 116

Redfin

JULY 8, 2022

Landlord-tenant laws usually cover things like: Lease agreement limitations. As a landlord, you’ll probably finance your purchase differently than you would if you were buying it as your primary residence. Depending on the market and lender, you may need a 15%, 20%, or 25% down payment to purchase the rental property.

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Purchase and sale agreement Property Management Inspection Finance 69

Toronto Realty Blog

JANUARY 18, 2023

Sarna is also very worried about the impact on property purchasers, since they will be responsible for the tax if sellers fail to file, provide inaccurate information on their declaration or don’t pay the tax owed. If the tenant/property manager fails to remit the withheld funds in a timely manner they will face an array of penalties.

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Purchase and sale agreement Residential Land Renovation 98

Toronto Realty Blog

DECEMBER 14, 2020

Charging somebody an extra $3 on the purchase of printer ink, because there’s an assumption that they’re disposing of their previous printer ink, doesn’t make people purchase less ink. The charge was being led by Evan Siddall, who was the head of the Canada Mortgage Housing Corporation. They don’t.

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Purchase and sale agreement As-is Debt-to-income ratio Marketing 125

Toronto Realty Blog

DECEMBER 16, 2020

Top Five: Real Estate Stories of 2016 : 5) New Mortgage Regulations. Hell, one of them works for me… I am insanely jealous of Chrissi and Parker, not just because of the Blue Mountains house that they purchased, but also because they had the guts to do what they did. 4) Real Estate Commissions. 1) The Market. 4) Rental Market.

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Purchase and sale agreement As-is Marketing Banks 105

McKissock

JULY 21, 2021

When potential homebuyers come to you for help in finding a home, you’ll want to be certain that they’re qualified to make the purchase before you start working with them. Getting preapproved for a home mortgage is another matter: That means that a lender has told the borrower, “We will lend you $X with the following terms.”

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Purchase and sale agreement Finance Mortgages Agents 52

Redfin

JANUARY 23, 2025

This decision can be influenced by several factors: a strong rental market in your area, the advantage of a low current mortgage rate, or challenges in selling the house at the desired price. Selling your house may be the right option if you need the proceeds to purchase your next home or could make a profit.

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Purchase and sale agreement Property Management Equity Mortgages 46