Multiple Offers and BUYERS
Multiple offers can be complicated for a Real Estate Broker. Pretty simple if all the offers are from other Real Estate Brokers, however can become difficult if some of the offers are from buyers without representation. This story has a simple message; work with a...
Where to Find Real Estate and It’s Market
This past week I attended an RBC breakfast presentation. There were two important Guest Speakers who talked about the Quebec and Canadian Economic and Real Estate Market. The first guest was representing CMHC. He talked about Real Estate sales statistics, what type of...
Buying and the Paperwork
Wondering how much paperwork there will be and what type? The contracts real estate agents use are mandatory standard buying contracts. They were created by the Organisme d’Autoreglemenation du Courtage Immobiler de Quebec (OACIQ) and follows the Quebec real estate...
Irregular Certification of Location
By Jennifer Lynn Walker Deals don’t always go as planned. In fact I would easily say that at least 50% of them have a glitch. This is the story of a sale where the fence was 44cm off, inside the property line. When selling a house or buying, there are two very...
Montréal launches a new Home Ownership program for families!
Get money back on your welcome tax and possibly a lump sum…all this at the end of April 2010. If you haven’t owned a property in the last 5 years in Quebec you are eligible to be considered for reimbursements. You must buy a home/plex that has at least 5 rooms, 3 of...
Buying a Condo
There is more involved then just buying a house. With a condo you are also buying into the management company and how it’s run, other owners, a condo fee increase,a reserve fund and potential immediate maintenance expenses, so there are some things you need to know...
Welcome Tax Increases in Montréal
The Act respecting duties on transfers of immovables allows Ville de Montréal, by by-law, to raise its taxation rate for immovables with a value of more than $500,000. Every municipality must collect duties on the transfer of any immovable situated within its...
Inclusions & Exclusions not Honoured
After signing at the notary, you enter your new home all excited. You walk around inside and you start noticing things missing that you knew were suppose to be part of the sale.Or maybe you notice that the vendors took the bathroom mirror. Isn’t that a fixed item? Or...
Buying & then renting out to the Vendors
Does the Vendor need their money months before the signing date? Do you need to be an owner months before you need to move in? Does the vendor need a place to stay after he signed the deed over to you? These are all possible, legal ways to sweeten the deal. There is a...
Repossessions in Today’s Market
I get a lot of phone calls from people looking at getting into flipping houses. I know I get these phone calls because of the mindset that we are in a recession. I’m not sure what clearly defines recession, however I don’t think this is it: The Greater Montreal Real...