Unless you ask a seller point blank, you are unlikely to find out whether their home was the scene of a murder, suicide, grow house operation, or whether they experienced water damage or flooding in the past.
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During last month’s ice storm, your neighbour’s tree fell and damaged your house. Who pays?
For most people, this should be covered under your homeowner insurance policy, whether the branches were from your own trees or your neighbour’s trees. However, most policies have $500 deductibles, so you need to decide whether it is worth reporting the claim. If you have all perils coverage, you may also claim for any damages caused to your car by the branches.
Read MoreLarge 4 Bedroom Home In A Wonderful Family Neighbourhood Situated On A Child Safe Crt. Rarely Available, This Home Offers A Tremendous Value With Large Living Spaces, Great Backyard And Finished Basement. Large Eat-In Kitchen, Main Floor Laundry And Large 5 Piece Master Ensuite Bath And Make-Up Area.
Read MoreFrank Meyers, a farmer in Trenton, Ontario, made the news last week about his 7 year fight to stop Canada’s National Defence Department’s plan to expropriate his farm, which has been in his family since before Confederation, in 1798. His case is a good example of how difficult it is to fight when the Government wants your land. The Defence Department wants Frank’s land to build a new training and administrative campus for the Canadian Special Forces Command.
Read MoreRBC is now cutting its two-, three-, four- and five-year fixed mortgage rates each by 10 basis points. In an emailed statement, the bank said that some mortgage lenders have recently been pricing at lower rates, prompting it to move.
Read MoreReal estate contracts must be properly signed and accepted. This applies when offers are transmitted via email communication as well. Careless errors or omissions can cause a contract to be cancelled.
Read MoreFrom the news: “In the opening days of 2014, John Quarrie and Lindsey Robins decided to spend a bit of time looking for their first house. They looked at one house on a Friday evening and 24 hours later were the victors in a bidding war on a different property.”
Read MoreFor the last number of years, it was almost a given that if you bought a pre-construction condo, you would be able to sell it at a profit when the building was finished several years later. I am now seeing examples in my own law practice where there is no such guarantee.
Read More2014 has started with an icy chill and the weather has made it difficult for both home buyers and sellers to get around. None the less this year is expected to be robust and surpass 2013 sales figures both in volume and in pricing.
Read MoreSince writing about changes coming to the home inspection industry, I have received countless emails from home inspectors, real estate agents and buyers. Buyers complained after closing about problems with their home that were not caught during the home inspection. This included serious mold behind one of the walls in the basement, a defective fireplace and a furnace that was working but would soon require to be replaced. Some buyers blamed their real estate agents, stating that they only recommended an inspector who would approve the home quickly.
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