buyer beware: Court decision expands risks of disclosure with seller -Diane Plant - 11/12/15 09:27 PM
Court decision expands risks of disclosure with seller property information statement | REM | Real Estate Magazine
The Ontario Superior Court has once again underscored how completing a seller property information statement (SPIS) can be a risky move for vendors.
When it comes to the purchase and sale of real estate the starting point for any analysis is “buyer beware”. For those looking to impress at cocktail parties, the specific expression is “caveat emptor, quit ignorare non debuit quod jus alienum emit,” which translates into “let the purchaser, who is not to be ignorant of the amount and nature of the … (0 comments)

buyer beware: Offers Accepted on Date XYZ or Seller Reserves ... Diane Plant - 05/24/15 05:19 AM
                     Holding Back Offers or                                   Pre-emptive Bully Offers Holding back offers until a specific date has become the norm-usually a week after the listing appears on MLS. This hold back date is posted on the listing in the brokerage remarks.
Holding back offers have merits for both buyers and sellers:
More buyers can view the property The listing agent can hold weekend open houses Buyers can get in their own home inspector Buyers can get pre-approved as opposed to pre-qualified. There might be a greater chance to get multiple offers=a higher price than asking. The downside:
Another property comes out that is … (1 comments)

buyer beware: Latent Defects-Agents and Buyers Ask Questions-Diane Plant Remax Realtron - 03/09/11 02:47 AM
A latent defect is by definition something that is not easily discoverable. If the vendor knows of latent defects but does not disclose them to purchaser, the doctrine of caveat emptor may apply, but if the defects are actively concealed by the vendor, the doctrine of caveat emptor does not apply. An example of this might be if the vendor patched the crack in the wall in order to hide a structural deficiency. In this case the purchaser can ask for rescission of the contract and\or compensation for damages.
Recently two different parties have asked me about defects in homes that … (2 comments)

 
Diane Plant, Broker, TorontoHomeSearch: Forest Hill Real Estate (Forest Hill Real Estate Inc, Brokerage)

Diane Plant

Broker, TorontoHomeSearch: Forest Hill Real Estate

Toronto, ON

More about me…

Forest Hill Real Estate Inc, Brokerage

Address: 441 Spadian Rd, Toronto, ON, M5P 2W3

Office: (416) 488-2875

I proudly server buyers and sellers in the Greater Toronto neighbourhoods of: Forest Hill, Cedarvale, North York, North Toronto, Summit Heights, Wilson Height, Bathurst Manor, Leaside, Bayview, Thornhill, Richmond Hill and all surrounding areas.


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