Click here to open a PDF of Douglas Gray’s full PowerPoint presentation on Legal Aspects of Real Estate Investing: http://www.homebuyer.ca/wp-content/uploads/Legal-Aspects-of-Real-Estate-Investing.pdf
It is important to determine the real motivation for the owner of a re-sale condo to sell the property. This will assist you in knowing how to negotiate in terms of your offer price and terms and general strategies. The motivation for sale could be a positive or negative one. If the vendor is selling […]
Here is the rest of the discussion in of the topic of the purchase and sale agreement. Fixtures and Chattels This is an area of potential dispute between the purchaser and vendor, unless it is sufficiently clarified. A fixture is technically something permanently affixed to the property; therefore, when the property is conveyed the fixtures […]
Most purchase and sale agreements come in standard formats, with standard clauses, and are drafted by the builder or real estate board. There are generally spaces throughout the agreement for additional, customized clauses to be added. It is recommended to have a lawyer review your offer to purchase before you sign it. Regrettably, relatively few […]
There are instances where either the vendor or the purchaser may wish to back out of the agreement. You have to be careful because legal problems can result in litigation, and litigation is expensive, time consuming, stressful, protracted, and uncertain in outcome. You want to get legal advice before you act from a streetsmart real […]
There are distinct advantages to having a realtor acting for you in buying or selling a property. With careful selection, you can benefit greatly from the skills of a knowledgeable and sincere realtor. There are a number of approaches to finding a good real estate agent. For example, friends, neighbors, and relatives may have the names of agents that they have dealt with and would recommend. Open houses also provide an opportunity to meet realtors. Newspaper ads list the names and phone numbers of agents who are active in your area. “For Sale” signs provide an agent’s name and phone number. And real estate firms in your area can be located through the Yellow Pages. Any of course, the Internet is one of the most popular methods of research of realtors and properties.
Some people wish to invest in real estate as part of their financial investment plans. It could end up being a profitable long-term investment or a losing one, depending on the strategies you apply.
Historically, real estate has increased in value greater than inflation and many other forms of investments. Depending on the geographic location and type of property investment, the gains are frequently double-digit and sometimes triple-digit. Through the application of financial leverage, the net returns in cash flow and property appreciation can be considerable.
Everybody’s heard of Whistler, British Columbia. Fantastic skiing, great golfing, and soon a player on the world stage as host to several of the Vancouver Winter Olympics events. It’s a place lots of people visit, with many buying into the Whistler dream, purchasing a property, and becoming some of the resort’s best ambassadors.
Flips, flipper, flipping. You have all heard those words. We are not talking about hamburgers here. What does it conjure up in your mind? Buying and selling real estate quickly? Easy and serious money? No risk, high rewards? Or high risk, unknown rewards? Maybe the song goes through your mind: “fools rush in where angels fear to tread�, or you believe in the age-old sage adage: Act in haste; repent at leisure.
