The dramatic rise in the prime interest rate is having a devastating impact on household budgets, and as a result we are seeing more and more power of sales in the real estate market in the Durham Region, something that has been relatively uncommon up until now.
Selling
Red flags that can arise in your title search
Red flags that can arise in your title search. When you are selling, the deal will not close without a current title search on your property. A title search ensures there are no hindrances for a new owner taking possession. Sometimes, there are red flags.
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?
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.