What You Should Know About Dual Agency

What You Should Know About Dual Agency

The typical real estate transaction traditionally involves a buyer and seller each with their own separate representatives. In this situation, each real estate agent has a fiduciary duty to their respective clients, which means they have a legal obligation to look out for their best interests at all times.

However, there are times when the same agent (or different agents from the same brokerage) represents both the buyer and the seller in a single real estate transaction. This is referred to as “dual agency.”

7 Characteristics of a Great Neighbourhood

7 Characteristics of a Great Neighbourhood

When it comes to real estate, location is key. You might find the most amazing dwelling, but the surrounding neighbourhood can have a significant impact on your level of enjoyment. That’s why it’s just as important to scope out the actual area in addition to actual properties before you settle on the perfect place to call home. 

Everything You Need to Know About Deposit Cheques

Everything You Need to Know About Deposit Cheques

The offer amount in a purchase agreement is obviously one of the key components that sellers will look at when deciding whether or not to negotiate further or accept the offer as is. However, there are plenty of other components in a real estate contract that warrant serious consideration, including the deposit amount. 

7 Steps to Winning a Condo Bidding War

7 Steps to Winning a Condo Bidding War

More and more buyers are finding out how hot the housing market in Toronto the hard way by getting involved in multiple offer scenarios. Particularly with units that are very attractive and priced to sell, multiple offer situations are not a rare occurrence in Toronto. In fact, the opposite is true: bidding wars seem like they’re just as common as typical single-offer transactions. 

With bidding wars almost an imminent situation in Toronto when buying a condo, how can you make sure to stand out and end up the winning bidder? Here are 7 tips to do just that.

Attention Raptors Fans! We are giving away 2 Free tickets

Attention Raptors Fans! We are giving away 2 Free tickets

The W&Y Homes Co. Team wants to give YOU and a GUEST an opportunity to win a pair of tickets to the see the TORONTO RAPTORS vs. MIAMI HEAT on Friday, April 7th at the Air Canada Centre. We really appreciate all of the support from our friends, family, and clients and want to say thank you!

It’s really easy to enter the contest for the FREE tickets. All you have to do is: 

Everything You Need to Know About a Status Certificate

Everything You Need to Know About a Status Certificate

If you’ve only bought and/or sold a single-family home or freehold townhouse, you’ve likely never had to deal with a Status Certificate. For condo buyers and sellers, on the other hand, these documents are an important part of their real estate transactions.

10 Things to Consider Before Running an Airbnb

10 Things to Consider Before Running an Airbnb

There are tons of ways to make a sizeable profit in the world of real estate investing. People have been flipping and renting out real estate for a very long time and have been making a lot of money doing so. 

But a newer, different approach to the real estate investment world is the concept of running an airbnb property. Somewhat like a combination of running a hotel and renting out a home or apartment, hosting an airbnb can certainly earn you a decent profit and help you build long-term wealth, but like any other type of investment, it requires some careful considerations beforehand.

Home of the week - 380 Margueretta St

Home of the week - 380 Margueretta St

ADDRESS:

380 Margueretta St

NEIGHBOURHOOD: 

MLS W02 Dovercourt-Wallace Emerson-Junction 

PRICE: 

$1,449,000

ABOUT THIS HOME:

Beautifully transformed brick home

  • 4 Bedrooms
  • 4 Washrooms
  • Semi-Detached 3-Storey
  • Lot :24 x 110 Feet
  • Taxes:$3,776.97 /2016
  • Detached Garage

Home of the week - 9 Bernice Ave

Home of the week - 9 Bernice Ave

ADDRESS:

9 Bernice Ave

NEIGHBOURHOOD: 

MLS W07 Stonegate-Queensway 

PRICE: 

$1,989,000

ABOUT THIS HOME:

Custom built home on a large lot

  • 4 Bedroom
  • 4 Washrooms
  • Detached 2 1/2 Storeys
  • Lot: 50 x 103.41 Feet
  • Taxes: $5,042.84 / 2016
  • Built-In Garage