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.
Purchasing A Home
I want to purchase a home that has existing tenants. What are my next steps as the purchaser?
I want to purchase a home that has existing tenants. What are my next steps as the purchaser? If you intend to reside in the house yourself, you must negotiate a clause in the contract calling for “Vacant Possession”. This now puts the onus on the seller to ensure the house is empty at the date of closing.
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 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.
Conditional or firm offer?
We are strong believers in real estate deal conditions. Now that we are in a more balanced market, and houses are not selling in multiple offer scenarios, as a real estate buyer you have more power to make a thoughtful deal with conditions.
Do I really need title insurance?
Title insurance is not the most exciting thing to spend your money on, but it is an integral part of buying a house and most real estate lawyers (and virtually all mortgage companies) want it as part of every deal. Although title insurance is optional in Ontario, your lender will require it for you to receive your mortgage.