Glossary:
The
following glossary, an excerpt from the Ontario Real Estate Association’s
“How to Buy Your Home”
book, provides definitions of some of the
most common real estate terms you are likely to come across.
Glossary of
Real Estate Terms
Your
Privacy and the Real Estate Transaction 
In
the usual course of real estate transactions, Realtors may require
from buyers and sellers, personal and property information. Some
of this information may be considered private. More...
Selecting
and Working with a Realtor
Buying
or selling a home in today's market requies a lot of work and
a lot of knowledge about sales and real estate. It's one of the
largest purchases or biggest business transactions many of us
will ever make. it doesn't pay to depend on blind luck. Whether
you are a buyer or a seller, there are distinct advantages to
using a Realtor. More...
Government
Incentives for Home Buyers
The
Government of Canada’s Home Buyers' Plan allows qualified
buyers to withdraw a maximum of $20,000 from their RRSPs to purchase
or build a house. If your spouse is also eligible, you can each
withdraw up to $20,000 towards the down payment, for a total of
$40,000. More...
Choosing
the Neighbourhood that's Right for You
When
buying a home, the neighbourhood you select will not only play
a pivotal role in your family's life, but in the resale value
of the property. More...
First
Time Buyers: finding the Home that's Right for You
Interest
rates are among the lowest in decades and the availabilitiy of
of housing of all varieties is at the highest level in years.
In fact, in many situations, renting a family dwelling can actually
be more expensive than buying. More...
Home
Inspections Before You Buy
Before
approving financing, some lenders require you to hire a qualified
home inspector to go over the inside and outside of the house
you want to buy. They do this to ensure there are no major structural
flaws that will threaten the security of their investment. It's
a precaution prospective buyers should take whether their lending
institution insists on an inspection or not. More...
Closing
the Deal
Closing
is the point at which ownership and usually possession of the
property is transferred from the seller to the buyer. It takes
place after the parties involved agree that all legal and financial
obligations have been met. Your lawyer abn your Realtor will do
much of the work, but here's a check list that will show you what
to expect as the process unfolds. More...
