David Schooley, Broker
RE/MAX Twin City Realty Inc. Brokerage
Call/text +1 (519) 577-1212 | david@goinghome.ca
Dear David: What happens if a buyer submits an offer without a financing condition and the bank doesn’t approve their mortgage? Assuming the offer is accompanied by a deposit cheque, does the buyer lose their deposit if they are unable to close? – WONDERING DEAR WONDERING: The issue of deposit cheques must be weighing on
In reviewing thousands of offers, I often see agents who could protect their clients to a higher degree with just a few extra words.
It’s common for divorcing couples to assume the equity in their matrimonial home will be split 50/50, but the division of assets can be complicated.
I bought a house with my longtime girlfriend. It’s supposed to close in six weeks. We just broke up, can we get out of this deal?
Dear David, What’s the difference between a “land lease” and a “life lease”? – LEASED OF MY WORRIES DEAR LEASED: In a typical freehold home purchase, you’re buying a house and the land it sits on. In a “land lease” or “life lease”, the land belongs to someone else. In a land lease, you own
Dear David, We’re ready to downsize. We still owe about $80,000 on our mortgage, which doesn’t come due for another 18 months. Would you advise we wait it out before moving? – FREEDOM 55 DEAR FREEDOM: If the time is right or you to downsize, your mortgage shouldn’t hold you back. Assuming you hold a