In the world of real estate, emotions can run high, especially when the housing market experiences fluctuations. Imagine, you’ve eagerly agreed to purchase a dream home for a whopping $1.2 million. But as the closing day approaches, you stumble upon a similar property down the street, selling for a mere $855,000. Doubt creeps in, and… Continue reading Can a Buyer Cancel a Real Estate Deal Before Closing?
Buying a home is a significant financial and emotional investment. From the moment your offer on a property is accepted to the day you take possession, there are a multitude of details to manage. One important consideration is property damage that may occur between offer acceptance and closing. Who is responsible for addressing such issues,… Continue reading Property Damage at Closing: Who is Responsible?
When someone passes away, dealing with their real estate becomes a necessary part of managing their estate. However, selling property after someone’s death is not a straightforward process and involves legal procedures, particularly when the deceased person’s will is yet to be probated. In this blog post, we will delve into the intricacies of buying… Continue reading Buying Property from a Deceased Person: Procedures and Risks
In the world of real estate, there’s a term you may have heard buzzing around: “Assignment of Contracts.” This practice has gained notoriety, especially in British Columbia, where it’s often referred to as “shadow flipping.” However, the situation in Alberta is quite distinct, and it’s important for consumers to understand the key aspects of contract… Continue reading Assignment of Contracts in Alberta: What Consumers Should Know
When you buy a home or refinance your existing property, you enter a complex world of legal ownership and financial responsibility. In this intricate process, you’ll often come across the term “Title Insurance,” a crucial component that ensures your peace of mind as a property owner or lender. In this blog, we’ll explore the ins… Continue reading Understanding Title Insurance: Protection for Your Property
In the world of real estate transactions, a term you might come across is “real estate holdback.” This financial mechanism is designed to safeguard the interests of both buyers and sellers during the closing process. However, understanding when and why a holdback is used can be crucial in ensuring a smooth transaction. In this… Continue reading Demystifying Real Estate Holdbacks: What You Need to Know
Are you ready to take the plunge and purchase your dream home? Making an offer to purchase real estate is an exciting step in your journey to becoming a homeowner. However, this process involves more than just deciding on a price. From researching property history to understanding contract terms, there’s a lot to consider. In… Continue reading Making an Offer to Purchase Real Estate: A Comprehensive Guide
Are you considering buying a condo in Calgary? If so, you’ve likely come across the term “condo fees.” These fees are an essential aspect of condo ownership in the city and play a crucial role in maintaining the quality of life within these multi-family properties. In this guide, we’ll delve into the world of Calgary… Continue reading Guide to Calgary Condo Fees: What You Need to Know
In the world of real estate, buyers often wield conditional offers as a powerful tool to protect their interests. A conditional offer to purchase signifies a buyer’s intention to acquire a property, contingent upon the fulfillment of certain conditions. These conditions allow buyers the time and flexibility to thoroughly assess information before committing to a… Continue reading Navigating Real Estate Transactions: The Power of Conditional Offers
When it comes to real estate transactions, the terms “patent” and “latent” defects might sound complex, but they hold vital significance in your buying or selling journey. Understanding the difference between these two types of defects can save you from potential pitfalls and ensure a smoother transaction. In this article, we’ll explore what patent and… Continue reading Unveiling Real Estate Realities: Navigating Material Latent Defects and the Patent vs. Latent Defect Dilemma
