Ask David

Is it Buyer’s Remorse?

Dear David, I sold an income property in Waterloo last year. It received multiple offers and sold to a buyer who chose not to get an inspection report (the agreement was unconditional). In the six months since closing, the buyer has had to pay for a new furnace, fix the wood-burning fireplace as required by

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Should I update my mom’s dated house before selling?

Dear David: My family is about to list my mother’s house. It is 50 years old and in good shape, but very dated – avocado bathroom fixtures, original kitchen etc. It’s a huge house on a large property and could possibly demand a high price, but I can’t imagine getting top dollar when it needs

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Condominium Law, Water Heaters, Checking Out a Well

Dear David, I heard there have been recent changes to condominium laws, can you hit the highlights on how this affects the average owner?  –  HIGH LIFE DEAR HIGH LIFE: This past winter, the Ontario Government made changes to the Condominium Act and the Condominium Management Services Act (CMSA). The changes affect bookkeeping methods and

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Major Improvements Required, Budgeting for First Home

Dear David: We fell in love with a house that needs a new roof & furnace. We can’t afford these projects right now, but don’t want to miss this opportunity. What can we do? — Heartbroken Dear Heartbroken: A roof and furnace are major improvements, but not necessarily a reason to walk away from a

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Ask David

Septic Inspection, Home-Based Business, Loud Students

Dear David, The home I am buying failed the septic inspection, is the seller responsible for repairing it? – Tank Issues Dear Tank, It depends on the wording of your sales agreement. If written properly, the agreement will stipulate that the septic system must be in good working order. When the system does not meet

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