Law Day – Page 5 – Barrie Real Estate Talk

Put it in writing

It might go without saying, but it is important to have all of the details of your real estate contract written down at the time of agreement. I have seen many people who had a verbal agreement that the sellers would leave a particular item, but it wasn’t in the written agreement and so there… Continue reading Put it in writing

Bridging

Last week, I blogged about timing. This week, I wanted to touch on something that Tim has mentioned before in his Mortgage Monday posts: bridge financing. From the legal standpoint, bridging makes your move go much more smoothly. If you have bridge financing in place, I can close your purchase before your sale is closed,… Continue reading Bridging

What time do I have to be out of the house?

This is one of the most common questions I get asked. The answer: it depends. As soon as the deal is closed, technically, you don’t own the house any more, and the new owner can make you leave. Practically, I advise my buyer clients to be patient and let the move finish. If you are… Continue reading What time do I have to be out of the house?

Appliances

Sellers are required to guarantee that your appliances are in good working order on the day of closing. What happens if the fridge breaks two days later? Any damage that occurs after the date of closing is the responsibility of the buyer. So, that stove is your repair cost. There are companies that will do… Continue reading Appliances

Good fences make good neighbours

Last week, I blogged about whether you have to disclose a crime that once occurred in your home. Today’s question: do you have to disclose the neighbours? Generally speaking, as long as you aren’t asked, you don’t have to disclose anything about the neighbourhood. You can’t lie and say that the neighbours have no dogs,… Continue reading Good fences make good neighbours