September 15, 2020
It is typical when making an offer for purchase of real estate to include a period of time where your offer is ‘irrevocable’. What this means is that a purchaser leaves their offer open for acceptance by the seller for a set amount of time – sometimes as short as 24 hours. If the seller fails to accept within that time, the offer becomes null and void. A purchaser would then be free to make an offer for another property without the risk of having two accepted contracts. There are a few reasons why irrevocability periods are standard in real estate. It shows a purchaser is motivated. If the offer is accepted without revision it becomes a binding contract, although there may be further conditions within the offer such as those regarding financing. A seller can also make a counter-offer that is open for acceptance during an irrevocability period. There may be competing offers for a property and an irrevocability period is useful for giving structure to negotiations in the fast-paced and competitive real estate market.
August 16, 2020
August 16, 2020
August 16, 2020
August 16, 2020
August 16, 2020
July 31, 2020
July 15, 2020
In normal times the Re/Max Garden City Social calendar would be pretty full. Golf tournaments, bowling outings, staff parties, etc etc. But these are not normal times. The last actual structured event we celebrated was our Awards Gala, back the first week of March. A week later the province shut things down. All group gatherings, social events, celebrations put on hold due to COVID-19.
July 15, 2020
Spring is a great time for cleaning out your home and your finances. A part of this for many people includes refinancing your mortgage. There are a variety of reasons to refinance, which can range from wanting to leverage large increases in property value or get equity out of the home for renovations. In some cases it could be due to life events such as divorce, a new relationship, kids going off to college or simply consolidating debt.