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canada: 25% Of Residential Real Estate In Canada Is Sold Privately - 09/01/08 05:12 PM
Private sales of real estate in Canada amount to 25% of the market. This number surprises a lot of people, however statistics will verify it.
Have you ever bought a new home from a builder? If so, this was a private sale. No real estate agents were involved in the transaction as it was not listed on MLS. The builders representative drafted an offer which contained a condition for a few days to allow your lawyer to review it. If you accepted the agreement, you proceeded with the purchase.
So what is so difficult about selling your own home? You market the … (3 comments)

canada: Real Estate Buyers And Sellers Must Now Divulge Personal Information - 08/27/08 11:29 AM
In June 2008, new rules governing Canadian real estate transactions took effect. Buyers and sellers must disclose more personal information than they did in the past. This is intended to combat illicit financial activity and eliminate money laundering.
Real estate agents are now required to acquire and verify all personal information. They must also account for the source of deposits submitted for each transaction. Information of buyers and sellers must be kept by the broker office for a minimum of 5 years for every real estate transaction in Canada. Details such as proof of identify and occupation is included.
In a … (0 comments)

 

Durham Region For Sale By Owner

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