At McMurter & Associates, we are seeing more distressed buyers than in recent years with increased interest rates and the stress test that buyers must go through with their lender. This also applies to buyers purchasing a home or condo that is not yet built or in...
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What to expect when you are appointed as an Executor in Ontario
What are the responsibilities of an Executor? In the simplest terms, an Executor carries out the wishes of the deceased as outlined in their will.
Why does appointing a Power of Attorney matter?
Making a power of attorney or other arrangements as part of your life planning allows you to choose whom you want to make decisions for you should you become mentally incapable.
My financing fell through two weeks until closing. What are my options?
It is a worst-case scenario if your real estate deal does not close on the agreed-upon date. The buyer failing to secure financing is one reason that a real estate deal could go south. What happens next?
Can total title fraud really happen to me?
Recent cases of title fraud in B.C. and Ontario has made this a top-of-mind issue for property owners across the country. Awareness is your best defence against these criminals and there are a few things we want you to know so that you can make yourself, and your property, less of a target.
What happens to your digital assets after your pass away?
What happens to your Facebook profile after you become incapacitated or pass away? What about your email account? The rest of your digital assets? In Ontario, there is no legislation dealing with this type of ownership, so you may wish to include digital asset transfer of ownership in your will. Your digital estate plan should include your passwords and your wishes for these accounts after you are no longer able to control them.
The sellers left the house a mess! What can I do?
“The seller didn’t sweep the hallway like they said they would!” “The seller left a bunch of garbage!” “There are so many holes in the walls!” You do your final walkthrough of the home 2 weeks before closing. You realize that the home is in disarray, but the seller...
The changing real estate market in Durham Region
There’s never a perfect market. The more you know about the problems that can potentially arise, the better prepared you will be. At McMurter & Associates, we always recommend having a contingency plan in place given the unpredictability of this ever-changing market.
When Good Deals Go Bad
You are selling your home and the deal is set to close in 2 weeks. You get a dreaded call from your lawyer that the buyer will no longer buy your house. You have moving trucks arranged, and you’ve already entered into an Agreement of Purchase and Sale of your new house. What is going to happen next?
What if my common-law partner dies without a will?
According to the law, common-law relationships are not treated the same as married couples in Ontario. If your common-law partner dies without a will and has not named the surviving partner a beneficiary on their assets, the survivor will be omitted from the estate and all assets will be divided amongst children and the deceased’s family.