open house

This is a common question. While it may sometimes seem like a nosy, or irrelevant ask, there are reasons a representative hosting an open house may ask this question.

Real Estate Changes

In November of 2019, the Ontario government announced plans to change the rules that real estate salespeople and brokerages must follow. The changes are outlined in Bill 145, the Trust in Real Estate Services Act, 2019. A bill that proposes changes to the, the Real Estate and Business Brokers Act, 2002 which the Real Estate Council of Ontario (RECO) now administers in order to protect home buyers and sellers and to uphold professional integrity within the real estate industry.

client vs customer

In our daily lives, we tend to use the terms “client” and “customer” interchangeably. But in real estate transactions, there’s a big difference between the services you will receive, depending on which kind of contract you sign.

take photos

In today’s market, potential buyers can view and visit dozens of listed properties and open houses before setting their sights on a place they’d like to call home. With so many properties available, taking photos to document the ins and outs of a property can help in recalling specific details later.

00home-buying

Buying your first home is an exciting milestone. It is also an endeavor that can get complicated quickly, so I recommend working with a registered real estate salesperson or broker to guide you through the process.

The Real Estate Council of Ontario (RECO) has been looking out for home buyers – and sellers – for over two decades. I suggest that you start by visiting RECO’s website and following these five tips:

putting down a deposit

There is no standard amount for a deposit, so I can’t tell you how much you will have to pay to firm up an offer. However, if you find a property that’s right for you but you feel the seller is asking for too much money up-front, you could ask your salesperson to negotiate with the seller’s representative about the deposit amount, as well as the timing of any payments.