Steven  Maislin

Steven Maislin

Broker, Certified Specialist IRES, ABR, SRS, SRES, RENE

RE/MAX Realtron Realty Inc., Brokerage*

Mobile:
416-410-6000
Office:
416-222-2600
Email Me

 

Steven Maislin's blog

Pre-construction contracts don’t leave wiggle room for market drops

In today’s real estate market, it’s not unusual for new home buyers to find themselves in a dilemma.

One situation can be that the value of the pre-construction house drops below the contract purchase price, and they cannot get enough mortgage financing to close on the deal. At the same time, they are unable to sell their existing house for enough money to provide the down payment on the new home.

I have several clients stuck in this situation. Some of my colleagues have clients with the same problem.

September 2019 Dear Friend,

Broker's Best Practices: A Parcel of Tied Land (POTL)

Selling a property that features a  Parcel of Tied Land (POTL) can impact a real estate transaction for the buyer, the seller and the REALTORS® involved. Therefore, it is crucial to recognize a POTL as a component of real estate.

If you come across a property with a POTL in your next real estate transaction as a TREB Member, whether you are representing a seller or a buyer, you must familiarize and engage in best practices by:

Broker's Best Practices: A Parcel of Tied Land (POTL)

Selling a property that features a  Parcel of Tied Land (POTL) can impact a real estate transaction for the buyer, the seller and the REALTORS® involved. Therefore, it is crucial to recognize a POTL as a component of real estate.

If you come across a property with a POTL in your next real estate transaction as a TREB Member, whether you are representing a seller or a buyer, you must familiarize and engage in best practices by:

Broker's Best Practices: A Parcel of Tied Land (POTL)

Selling a property that features a  Parcel of Tied Land (POTL) can impact a real estate transaction for the buyer, the seller and the REALTORS® involved. Therefore, it is crucial to recognize a POTL as a component of real estate.

If you come across a property with a POTL in your next real estate transaction as a TREB Member, whether you are representing a seller or a buyer, you must familiarize and engage in best practices by:

August 2019 Dear Friend,

August 2019
 

Dear Friend,

July was an extremely busy month for the Toronto real estate market and all of the factors highlighted the “hot” market we are experiencing. With the total number of sales YTD being up 10.7 % over last year and the number of homes available for sale down 9.1%, multiple offers situations and homes selling at asking price or over and quicker were and are the natural result.

Best Practices: Using Lock Boxes – What Brokers Need to Know

April 2019 Dear Friend,

April 2019

Dear Friend,

Toronto Real Estate Board members reported 7,187 residential sales through TREB’s MLS System in March 2019, almost the same amount as the 7,188 sales reported in March 2018. While the number of sales remains the same, the number of new listings, homes available for purchase, was down by 5.1 % year-over-year.  This lack of inventory has created a shortage of homes available for sale, resulting in multiple offers and a price increase of an average of 5% since January of this year.

A proposal to help facilitate the creation of secondary legal suites

City of Toronto Secondary Suites Proposals – TREB Input

March 20, 2019 -- The City of Toronto's Planning and Housing Committee is considering a proposal to help facilitate the creation of secondary legal suites. TREB has provided input to the committee in support of the plans. View TREB's information.

 

Detail

 

The proposals being considered by the City of Toronto's Planning and Housing Committee are as follows:

 

Syndicate content

Have Questions?

reCAPTCHA
Mobile:
416-410-6000
Office:
416-222-2600
182 Sheppard Avenue West, Toronto, Ontario, M2N 1M8

© RE/MAX Realtron Realty Inc., Brokerage*  independently owned & operated Toronto real estate websites by InCom Real Estate