Home Equity Line of Credit Explained

11 September 2013
REMAX Realtron Realty Inc

Is a Home Equity Line of Credit right for you? As a homeowner, you’ve worked hard to pay down your mortgage, but the equity you’ve built in your home does not have to sit idle. A Home Equity Line of Credit (HELOC) can be a comfortable alternative to (or supplement to) a traditional mortgage. With rates linked to our TD Prime Rate1, a Home Equity Line of Credit allows you to simplify your borrowing by leveraging the equity you’ve ...


Agreement of Purchase and Sale Explained

29 August 2013
REMAX Realtron Realty Inc

Buying and selling real estate is an exciting experience: thoughts of summer BBQ’s enjoyed with family and friends in your new backyard make us smile with anticipation. Wow! What a great time it’ll be. My job, as a real estate lawyer, is to minimize the likelihood that something could spoil the good times. I probably won’t be invited to the BBQ, but I want you to enjoy the celebration. The best way to do this is by building protection into ...


Painting and Home Staging

12 August 2013
REMAX Realtron Realty Inc

Do I Really Need to Paint Before I Stage My Home? It’s a good question…one we hear over and over. The basic rule of Staging 101 is when choosing a paint colour “stay in neutral”. Your property needs to appeal to your target audience, while keeping in mind the widest range of potential buyers. Neutral wall and cabinet colours can be elegant and sophisticated…not offensive in the least. You may find the word “offensive” an interesting term to use when ...


Repair Clauses in Real Estate Contracts

18 July 2013
REMAX Realtron Realty Inc

Repair clauses in real estate contracts must be carefully worded. Most real estate agreements are conditional on the buyer being satisfied with a home inspection. The buyer inspector then usually finds problems and the buyer wants the seller to correct them in order to go through with the deal. As the following case illustrates, if you are not careful in how you word this repair obligation, court proceedings can arise: Mark Rosenhek agreed to buy a home from Elizabeth and ...

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Be Ready for Closing Day

19 June 2013
REMAX Realtron Realty Inc

Closing day in a house deal is a milestone for both the seller and the buyer. Next to the actual deal negotiation, it is very important that both the buyer and the seller are properly prepared for closing, to be able to handle any surprises. Sellers, here is a checklist to follow: 1) Make sure you have given your lawyer a copy of any deed, mortgage, survey and current property tax bills. You should have received these from your lawyer ...

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