Saturday, March 21, 2015

Title Insurance Home

Should I consider title insurance when I invest in a home.

Is it truly necessary?

What does it protect?

Even though title insurance is not a requirement in Ontario, some suggest that every single purchaser consider coverage when they buy a home.

“Title” refers to your legal ownership of the property, as registered in the government’s land registration system. Title insurance covers losses associated to the property’s title or ownership, including:

  • Title complications that prevent you from possessing clear ownership of one's property.
  • Existing liens in opposition to the title, for example if the preceding owner had unpaid property taxes.
  • Challenges related to encroachment on someone else’s property, for example, if a structure had to be removed because it is partially on your neighbour’s property.
  • Mistakes in surveys and public records.
  • Any other title-related factors that could affect your ability to sell, mortgage or lease your home in the future.

Primarily, title insurance provides a wide range of coverage that can offer you major added benefits in the event something goes wrong.

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Consider Title Insurance

Thursday, January 29, 2015

Haliburton Homes

Vacation Home Potential Buyers Get A Lot More Bang for His or Her Buck in Haliburton

You will discover bargains to be had for absolutely everyone shopping for an Ontario lakefront cottage or lakefront vacation home in cottage country.

Consumer’s just ought to look beyond the Muskoka Lakes district and set ones sights on the Haliburton Highlands, according to Rob Serediuk, a licensed real estate sales representative with Chestnut Park Real Estate Limited Brokerage’s Haliburton / Kawartha Lakes office.

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Monday, January 26, 2015

Haliburton Highlands Fall Sunrise

Enjoy the magic of a fall sunrise in Haliburton Highlands cottage country, Ontario, Canada. Video captured using iPhone

Saturday, January 24, 2015

First Home Condo

Thinking Condo Review Status Certificate

Planning a marriage and considering a first home, maybe a condo.
Is buying a condo any different from buying a house?

Condo possession has some distinct characteristics you ought to be aware of about prior to you beginning your search.

For instance, some condominiums are advertised as “adult lifestyle,” while others are more child-friendly and have features for families, such as playrooms or a playground.

And, as opposed to a house, condos are likely to have rules restricting the size and class of pets, noise, balcony/patio furniture, decorations and even drapes or flooring material. Seek out out what’s allowed and what’s not, and be at ease with those rules when contemplating a purchase.

An additional unique component of condos is a document called the status certificate with critical details about the condo corporation and the specific unit you are enthusiastic about.

The condo corporation must provide it to you (for a fee of up to $100) when you ask for it. So, when you do find a condo you like, it’s very important to make your offer conditional on a review of the status certificate by your real estate lawyer, preferably one with experience in condominium transactions.