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Closing time

In my post last week, I talked about adjustments on closing. Adjustments are one element of closing costs: the costs that you will have to pay in addition to your purchase price in order to buy your home. There are several line items in closing costs; some are fixed, and some are variable. Some fixed… Continue reading Closing time

Time for an adjustment

Often, when you put an offer in on a property, you think about what you will need to pay for it on its face. It is important, however, to also keep all of your closing costs in mind. I will be expanding on closing costs in my post next week, but today I wanted to… Continue reading Time for an adjustment

Buying tenants

If you are purchasing a home that is currently rented out (or has an apartment that is currently rented out), there are extra precautions that you should take to ensure that the closing will go smoothly, whether you want to buy the house empty or want to keep the tenants. If you are buying a… Continue reading Buying tenants

Teranet, Teraview, e-reg: why is my lawyer always at the computer?

In Ontario, most real estate transfers are completed electronically; at last check, 97% of land registry offices were equipped to do electronic registration. Everything from title searches to registration of mortgages to transfers of property is completed online, with the lawyer “signing” electronically rather than attending at the land registry office to sign physically. This… Continue reading Teranet, Teraview, e-reg: why is my lawyer always at the computer?

Selling your house while you are on vacation

When I bought my home three years ago, I ran into a small snag: the vendors were insistent on closing on a date when I was not going to be in the country, as I had booked a (very) long-planned visit to old friends overseas. Not wanting to lose the house over this detail, I… Continue reading Selling your house while you are on vacation