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Could GTA flooding be used as home sale escape hatch?

 photo credit: skeggy via photopin cc The recent flooding in the GTA raised important legal questions about homes that were supposed to close at the time. I was recently asked whether a buyer could refuse to close a deal when they suspected the home had been damaged by flooding before closing. The seller refused to

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Strong Sales and Price Growth in July

Greater Toronto Area REALTORS® reported 8,544 residential sales through the TorontoMLS system in July 2013. Total sales were up by 16 per cent compared to July 2012. Over the same period, new listings added to TorontoMLS and active listings at the end of the month were up, but by a substantially smaller rate of increase compared

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Couple selling home should have disclosed flooding

 photo credit: skeggy via photopin cc Not coming clean about a flood cost a couple $25,000. Cleaning up a flooded basement can be an expensive task. Not disclosing there’s been a flood can also be expensive, as one couple who sold their house found out. Many readers wonder what they have to disclose when they

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Q & A – Do all of the good houses sell quickly?

Question: Do all of the good houses sell quickly? I notice the ones on Realtor.ca are sold by the time I see them? Answer:  Homes that are priced right are priced to sell, and in a market with low inventory it is very likely they will sell quickly. However, if you are solely looking for houses using

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To Sell or Not to Sell your Home in the Summer?

  photo credit: akahodag via photopin cc You have been toying with the idea of selling your house and have made various upgrades and repairs to your home. You have your eye on a great house that just came out on the market and if you move quickly you can buy it. It has everything you have ever wanted

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How to Choose a BBQ That’s Right for You

The BBQ is synonymous with summer. They’ve changed over the years, from small charcoal grills tucked off to one side of the garden, to sizable stainless steel structures taking centre stage on decks and patios. Your choice of grill is all about lifestyle. So determine before you shop how often you will cook on it,

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Buy or Sell Your Home First?

The classic dilemma for many homeowners is whether to buy or sell first. There is no “right” answer. It depends on your specific circumstances. Most homeowners agree it is more prudent and less stressful if you sell your existing home before you buy a new one. You can often get top dollar for your home

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If it matters to the buyer, get it in writing

When it comes to real estate deals, the devil is in the details. If it’s important to you, get it in writing in the contract, as these questions from readers highlight. Q: The listing said that the kitchen counters were granite. I found out after moving in that they were ceramic. Can I sue? There

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Low-Rise Market Conditions Remain Tight in June

Greater Toronto Area REALTORS® reported 9,061 sales through the TorontoMLS system in June 2013 – down by less than one per cent compared to June 2012. Over the same period, new listings were down by a greater rate than sales, suggesting market conditions became tighter. “The sales picture in the GTA improved markedly in the

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Bring the Outdoors Inside This Summer

Just as a drab, grey winter garden eventually transitions to a riot of colour and greenery in summer, the inside of your home can reflect seasonal changes for maximum enjoyment. Whether you live in a downtown condo, a country retreat, or somewhere in between, bring the outdoors inside by following these tips: Lighten Up Invite

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