When it comes to real estate transactions, it’s essential to understand the legal nuances that can impact your purchase or sale. One critical aspect to consider is the role of oral representations in a real estate contract. In this blog, we will explore why it’s crucial to rely on written agreements when navigating the real… Continue reading Oral Representations in a Real Estate Contracts
In the complex world of real estate transactions, one crucial aspect that often gets overlooked is the accuracy of property measurements. Recent news stories have highlighted the significant impact of misrepresented square footage on homeowners. Contact Us The Square Footage Misrepresentation Pam Whelan’s story serves as a cautionary tale for anyone navigating the real estate… Continue reading Ensuring Accurate Square Footage Measurements When Buying a Home
When it comes to buying or building a condominium in Calgary, it’s essential to understand the key differences between a Bare Land Condominium and a Conventional Condominium. These two condominium properties come with distinct ownership structures, and the presence of a Real Property Report (RPR) plays a crucial role in determining your obligations as an… Continue reading Understanding Bare Land Condo vs. Conventional Condo in Calgary
In the world of real estate, it’s crucial to be aware of two distinct types of defects that can significantly impact property transactions: Latent Defects and Material Latent Defects. These terms often lead to confusion, but they hold essential distinctions that can influence the decision-making process for both buyers and sellers. In this blog, we… Continue reading Understanding Latent Defects vs. Material Latent Defects in Real Estate
Buying Foreclosures in Alberta If you’re in the market for a new property, you’ve likely come across the intriguing prospect of buying a foreclosure property in Alberta. These properties become available when the owner has defaulted on their mortgage, prompting the lender to initiate legal proceedings to sell the property and recoup their investment. The… Continue reading Risks and Rewards of Buying a Foreclosure in Alberta
When you embark on the journey of buying a condominium in Alberta, you’re bound to encounter the term “estoppel certificate.” While this certificate plays a crucial role in the process of buying and selling condominiums, many people remain uncertain about its purpose and significance. The world of condominiums in Alberta is governed by a web… Continue reading Understanding Alberta Condominium Estoppel Certificates
Are you considering purchasing a condominium unit? The decision to buy a condo can be an exciting one, but it’s essential to proceed with caution. One of the most crucial steps in this process is collecting and thoroughly reviewing various documents related to the condominium. Whether you’re interested in a new development or a resale… Continue reading The Crucial Role of Condo Document Reviews When Buying a Condominium
When it comes to real estate, property boundaries are sacred, but what happens when a structure on one property crosses those boundaries onto another? This situation, known as an encroachment, can lead to complex legal issues and disputes. In this comprehensive guide, we’ll delve into the world of real estate encroachments, exploring the importance of… Continue reading Understanding Real Estate Encroachments: Risks, Agreements, and Solutions
In the world of real estate, the day of possession is a joyful moment for buyers, marked by the exchange of keys and the realization of homeownership dreams. However, before you get swept away in the excitement, it’s crucial to consider whether a pre-possession walk-through is a wise step in your home-buying journey. In this… Continue reading The Importance of a Pre-Possession Walk-Through in Real Estate
When it comes to buying or selling a home, transparency is key. Homebuyers naturally want to know everything about the property they’re considering, and sellers may wonder about their legal obligations in disclosing potential issues. In this blog, we’ll dive into the realm of real estate disclosures and explore what sellers and real estate agents… Continue reading Do Real Estate Agents Have to Disclose Problems?
