Money is made and lost during purchase in real estate. A well crafted purchase agreement not only protects the buyer against foreseeable liabilities but also provides grounds for favorable terms to execute the agreement. Following are my top five terms that I ask when representing my buyers for investment property purchases. Please note that I’m not a lawyer and your …
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My home buying experience
I’m starting a new home search! This will not be the first home I’ve ever bought but its definitely a first experience to buying a home to live in exclusively. I’ll explain! The first home that I ever bought was with my brother and the whole family was to be living in it. We still own that house in Brampton …
Read More »Does a good market breed stupidity?
I know these are harsh words but hear me out! I recently had the pleasure to represent a buyer during the negotiation of their new investment property. The property had four residential units which were all occupied by tenants with the longest one, a sweet old lady, there for over 10 years. This information wasn’t disclosed on the listing nor …
Read More »You’ve lost your marbles!
This is blowing my mind away! I came across a news clipping from The Globe and Mail about a property in Willowdale that sold for $1,180,000. At first glance, no big deal, we see properties selling for over a million all the time here so why is it news worthy? It sold $421,800 over the asking price! YIKES! That’s 56% …
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