ARCHIVED BLOG POSTS
2015
2
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Commissions on Unaccepted Offers ~ Yes or No? Here’s an interesting question: is a commission payable on an unaccepted offer? And, if a buyer offers full price, does the seller have to sell? These two questions often go hand in hand. Whether a property is listed or not listed, and if ...
03/08/2015
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Chattels and Fixture Repair Problem Here’s a small problem, but it seemed to get significantly worse as time went by. The buyer sees a house which is unoccupied. It’s being staged by a home staging company. Inquiry is made about the drapes, curtains and window coverings. They are apparently o...
03/08/2015
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Value of Chattels It is difficult to place a value on appliances unless they are brand new and being sold by a builder. Then, they are worth $10,000. Five years later, what are they worth? They still work but the vendor’s warranty (Sears) and the manufacturer’s warranty (KichenAid) are ...
03/08/2015
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Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 2.99% 2.69% 2 YEARS 2.94% 2.39% 3 YEARS 3.44% 2.54% 4 YEARS 3.94% 2.64% 5 YEARS 4.79% 2.74% 7 YEARS 6.04% 3.39% 10 YEARS 6.50% 3.84% Rates are subject to change without notice. OAC E&OE Prime Rate 2.85% 5 yr variable 2.20% Call ...
03/08/2015
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What “Time” is Acceptance? (2) This situation is very similar, but naturally slightly different from our first example. Here’s question two. Sam the seller lists with Bob of ABC Brokerage. Bill the buyer is represented by Mary of XYZ Brokerage. Bill likes the house and submits an Offer throug...
03/08/2015
What “Time” is Acceptance? This fact is absolutely crucial in the real estate business. You just have to know exactly when it is. No room for guesswork! So, let’s look at a case and a timeline. Sam the seller lists with Bob of ABC Brokerage. Bill the buyer is represented by Mary of XYZ Br...
03/08/2015
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By Brian Madigan LL.B.The Business Practices Act was a very good piece of legislation, but not too many people knew about it, so last year the Ontario Government replaced it with the Consumer Protection Act.When it comes to real estate there are some important provisions. While the conveyance...
03/08/2015
0
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Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 2.99% 2.69% 2 YEARS 2.94% 2.39% 3 YEARS 3.44% 2.54% 4 YEARS 3.94% 2.64% 5 YEARS 4.79% 2.74% 7 YEARS 6.04% 3.39% 10 YEARS 6.50% 3.84% Rates are subject to change without notice. OAC E&OE Prime Rate 2.85% 5 yr variable 2.20%
03/08/2015
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By Brian Madigan LL.B.Before you can buy property, you will need to qualify for a mortgage. There are, of course, exceptions: you could win the money in a lottery, receive it from an inheritance or have it loaned to you by a friend (when I say friend, I really mean parents, nobody has friends...
03/02/2015
Fixed term best discounted rates & posted rates as of March 24, 2015 6 mos 3.10% 3.14% 1yr 2.69% 2.99% 2yr 2.39% 2.94% 3yr 2.54% ...
03/02/2015
Rainmaker
1,598,222
1,598,222
Brian Madigan
LL.B., Broker
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