Pros and Cons to Consider Before Deciding Whether to Sell Your Existing Home Before Buying Your Next Home Buy First Buying first can make the house hunting experience more enjoyable.  There is no looming deadline approaching by which you must find a home to live in and move by a certain date.  If you make an offer on a property and it is unsuccessful, you keep looking until the right opportunity comes along. However, if you do make an offer, it should be conditional on the sale... [read more]

Title Insurance is an insurance policy that protects property owners and their lenders against losses related to the property’s title or ownership.  Although commonly considered when closing on a newly purchased home, Title Insurance is not a legal requirement in Ontario. What does Title Insurance cover?  Protection from such losses as: Unknown title defects (title issues that prevent you from having clear ownership of the property) Existing liens against the... [read more]

When making an Offer to purchase a property, the Deposit shows good faith on the Buyer’s part that they are serious and qualified to make the purchase. The Deposit amount is held in trust and applied to the purchase price of the home when the sale closes. According to the Agreement of Purchase and Sale, the Deposit can be made 1) Herewith 2) Upon Acceptance 3) As Otherwise Described in this Agreement Herewith means at the time the offer is made.  In a competitive multiple... [read more]

Buying and Selling Real Estate usually starts off with practical and logical considerations, such as “our family has outgrown this home and needs something more suitable”. You start to imagine your dream home and you get excited! Then you have to do a lot of work to prepare your home for sale and spend a lot of time looking for the right house within your budget, which can turn your excitement into frustration and stress. When Selling your home, you of course want to get the... [read more]