Conditionally Sold? Escape Clause? Sold Firm? What does that mean?
Posted on Apr 13, 2018
If you're looking for real estate you have likely contacted a listing realtor and heard that a property on MLS or Realtor.Ca is "Conditionally Sold" or is now "Sold Firm" Also, some conditionally sold properties may have an 'escape clause' as part of the conditions.
When an offer is made on a property, there are often 'conditions' attached to the of...
Should I have a Home Inspection?
Posted on Apr 03, 2018
This question comes up often with Buyers considering an offer on a property. In Ontario in 2016,2017,2018 the 'sellers market' means that many Buyers are competing with other buyers to purchase a property. When there are multiple offers on a property, the conditions (specifically the LACK of conditions) attached to the offer can often determine whi...
How to Prepare to Buy in a Sellers Market
Posted on Mar 12, 2018 in Real Estate FAQ
Real Estate markets have been crazy in 2017 and early 2018 has shown that it is still clearly a SELLERS market in most of Ontario, and definitely here in Muskoka. Here's a few tips to be ready for your purchase if you are a BUYER this year.
- WATCH THE MARKET ---this may seem obvious to you who already have realtor.ca bookmarked in your browser, but i...
Spring 2018 update!
Posted on Mar 01, 2018
Spring 2017 was a Real Estate roller coaster. Toronto and GTA bidding wars spilled over, rippled out and changed the way people are approaching purchase and sale of real estate in Southern and Central Ontario.
Spring 2018 is looking like even FEWER homes may be available to purchase in Muskoka than last year. Prices are still at all-time highs, and...
What is a SELLER'S MARKET?
Posted on Feb 13, 2018
In 2016,2017, and now in 2018 You will hear about a SELLER'S MARKET in Ontario real estate. This is a term used to describe that in a simple supply-demand scenario that there are MORE BUYERS THAN SELLERS. That's it. That's all.
However, the implications are far more complicated than the term suggests. A few things that happen in "Seller's markets"
- PR...
Should I use a Buyer agent?
Posted on Nov 14, 2016 in Real Estate FAQ
CBC Marketplace recently aired a program on TV showing hidden camera footage of real estate professionals in Ontario breaking the rules while representing their seller clients to potential buyers. Representing both the Seller and Buyer in a real estate transaction is called Multiple Representation, or 'double ending' a deal. This practice is common...
