How does a 'bidding war' work when buying a property in Ontario?
Posted on Sep 17, 2019
In a Seller's market (more buyers than properties available to purchase) there can come a time when more than one offer is given for a property, and there becomes competition between buyers. This can result in what is called a 'bidding war' for the property. Don't confuse this with a real estate auction (which are rare in Ontario) A Bidding War does...
How do I go see a property I am interested in?
Posted on Dec 26, 2018
If you’re interested in a property that you’ve seen advertised online, on a real estate sign, in the newspaper or magazine you could call the agent that has that property listed. The listing agent should know lots about the property, and should be able to set-up a visit for you to see it.Also, you could call an agent like me to be your buyers agent...
Why should I sign anything with a real estate agent?
Posted on Dec 19, 2018
When you contact a real estate office, or an individual real estate agent/broker you will be dealing with someone who works on commission. These people (myself included) don't receive any kind of payment for simply working with people to help them buy or sell property. The only way they actually will get paid is for the the buyer/seller to commit t...
When is the right time to sell in Muskoka?
Posted on Dec 13, 2018
Some people will always say spring! Spring is the best time to sell in Muskoka! Winter is long for us, that’s for sure and NOBODY likes to move in the dead of winter.It’s true that the most properties come up for sale in the spring-time, but in the past few years there have been people looking to buy all year long! If you’re in town, you could sell...
What's a Buyer Representation Agreement?
Posted on Dec 10, 2018
In Ontario, Realtors use a document called a Buyer Representation Agreement to formalize the brokerage/client relationship. This document will contain the people who are the buyers, the name of the real estate brokerage, term (length) of the agreement, location where the property search will be (eg: ontario, toronto, cottage country) and how the br...
What's a Listing Agreement?
Posted on Dec 10, 2018
In Ontario, to list your property on the MLS, you will likely sign a Listing Agreement with a real estate brokerage.
This formalizes the brokerage/client relationship to list a property. There are 2 options on a Listing Agreement to list the property on MLS or as an "Exclusive Listing" --MLS is what most of us are used to, with other agents/realtors...
