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Real Estate

All real estate related posts.

Getting a Mortgage

Qualifying To qualify for a mortgage, you must first pass a stress test. The stress test tells your lender if you have the income and assets needed to afford your mortgage payments, even if interest rates go up. Your results are based on how much you could pay in a “worst case” scenario. Depending on…Read More

For Sale by Owner (FSBO)

So, you’ve decided to go it alone and sell your home yourself. What’s next? 6 Best Practices when Selling Your Home Yourself: Decide Your Home’s Value First, figure out your home’s worth. You can ask a real estate agent, buy an appraisal or view homes for sale near you on any number of public websites,…Read More

Completing your Sale Transaction

To complete the deal, your real estate lawyer will: review the agreement of purchase and sale advise you on tenants’ rights, like move-out terms and security deposits accept the buyer’s funds ensure all property taxes and strata fees are paid pay out your mortgage and realtor’s commission ensure any registered charges, including mortgages, are discharged…Read More

Assignments – When you are the Assignor

Selling a property before you take possession? Axess Law’s real estate lawyers can make it work. When you buy a property, you agree to take possession by a certain date. If you change your mind, you may lose your deposit and be sued. An assignment prevents this by allowing you to sell your interest before…Read More

Finding a Real Estate Agent

Selling your home? A realtor can make it easier. Licensed realtors assure you of professional, competent service. Always choose a Canadian Real Estate Association (CREA) member if you want: honesty and integrity civility co-operation and fairness and personal accountability. Your CREA realtor will know the local market and prices and trends in your neighbourhood. They…Read More

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