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Canadian Real Estate/Questions Answered by Expert Penny MacKenzie
| Subject | Date Asked |
| rules to offer to purchase | 5/26/2012 |
| Q: If a person Client A put an offer on a home upon condition they sell their home and have a home ... A: Typically when a home is sold conditional upon the sale of another home there is an "Escape Clause" ... | |
| Regulations Surrounding Conditional Offer | 3/29/2012 |
| Q: Is it within policy and procedural guidelines to present or accept an offer conditional upon the ... A: Sorry - I somehow missed your followup email - my apologies. I'm sure you've had an answer to your ... | |
| Regulations Surrounding Conditional Offer | 3/26/2012 |
| Q: Is it within policy and procedural guidelines to present or accept an offer conditional upon the ... A: An offer can be made on a property that is not currently listed for sale and your offer can be ... | |
| Real estate investment options | 1/4/2012 |
| Q: -I have $20000 cash -My revenues minus my expenses i am left with $300 every month What kind of ... A: As a first step in determining what your option are you should meet with your Mortgage Specialist at ... | |
| Capital Gains | 11/15/2011 |
| Q: We recently emigrated from British Columbia, Canada. We sold our principle property prior to ... A: I don't believe so - but check with your Accountant to be sure. Here's a link to Rev Canada Capital ... | |
| what's the definition of a bedroom? | 10/30/2011 |
| Q: MacKenzie, My mom is starting to look for a condo in Toronto, Ontario. We're confused as to what ... A: In my opinion the true definition of a bedroom is one that has a closet and a window directly to the ... | |
| Conditional offer and seller's remorse. | 10/8/2011 |
| Q: We made a conditional offer to buy a house upon selling our property. Due to health and financial ... A: As a seller you are not obligated to sell your home whether you get a full price offer or even one ... | |
| acepting conditional offers | 9/22/2011 |
| Q: How long does the seller of a property give for the purchaser to fulfill conditions of financing & ... A: Typically we provide five banking days (Sat, Sun and Holidays excluded) for finance and inspection. ... | |
| Definition of "possession date" | 9/7/2011 |
| Q: We are the sellers in a real estate deal in British Columbia. In the Contract for Sale and ... A: My apologies with the delay in responding. In Ontario the deal usually closes sometime mid ... | |
| The Real Estate Market | 7/29/2011 |
| Q: I am putting together a business plan on SBA.gov, using the SBA business plan template ... A: I think what your instructor might be pointing towards is identifying the other companies in your ... | |
| How to sell our acreage in Canada | 7/8/2011 |
| Q: My wife and I have 43 acres ON Larder Lake in Ontario. We have 500 feet of water frontage and high ... A: I'm sorry if you feel that you are not being well served via the site but the questions that I ... | |
| How to sell our acreage in Canada | 7/4/2011 |
| Q: My wife and I have 43 acres ON Larder Lake in Ontario. We have 500 feet of water frontage and high ... A: Sorry - somehow your reply to my email ended up in my spam filter! I would say that if that's what ... | |
| How to sell our acreage in Canada | 7/4/2011 |
| Q: My wife and I have 43 acres ON Larder Lake in Ontario. We have 500 feet of water frontage and high ... A: The value of your land depends on what other similar properties in the area have sold for and what's ... | |
| Condominium Purchase | 5/25/2011 |
| Q: I am interested in buying a condominium apartment. Do I need to have a home inspection done? A: I always advise my clients to have a home inspection on a condo unless it's almost new and covered ... | |
| sold w/o realtor | 5/20/2011 |
| Q: I have requested that the buyer remove all conditions 30 before closing, his offer was made several ... A: Typically when an offer is made on a property the conditions that go along with the offer (ie ... | |
| Non-Resident Travel Expense Deduction | 5/15/2011 |
| Q: I own 2 condos in Vancouver. I do not have a property manager in Vancouver to manage the units. I ... A: That's a question for your Accountant - there's pretty strict rules with Revenue Canada when it ... | |
| Previouse conditional offer | 5/5/2011 |
| Q: My offer was accepted on a house with a previously accepted conditional offer. This previously ... A: If your offer is conditional upon removal of all conditions of the previous offer then you would not ... | |
| House with Balcony from washroom | 3/16/2011 |
| Q: We recently saw a plan for a new home from a builder. Everythings great except that the balcony on ... A: The balcony off the bathroom is definitely different. It sounds more like an exterior architechtural ... | |
| Conditional offers | 3/9/2011 |
| Q: We made a conditional offer on another house, the condition that we sell ours, and now the vendor of ... A: If your offer is conditional upon the sale of your existing home with the proviso that the Seller ... | |
| tenancy in common | 12/27/2010 |
| Q: Two sisters, one married one not, purchased a house together. The married sister has joint ... A: With regards to the expenses such as taxes, heat, light and maintenance I would say that the current ... | |
| Conditions waived? | 9/30/2010 |
| Q: If a purchaser waives all his conditions under an agreement of purchase and sale, could there be a ... A: Once a Purchaser has waived all conditions the transaction becomes firm and binding. If you don't ... | |
| Conditional offer | 9/24/2010 |
| Q: My husband and I accepted a conditional offer to purchase on our home. The potential purchasers ... A: If their financing is not in place within the allowed time period and they have not provided you ... | |
| taking a property off the market | 8/22/2010 |
| Q: I am trying to sell a property which has now failed 2 inspections. It is a very old house and the ... A: Yes, if you decide to make the necessary repairs to the house you can "SUSPEND" the listing for as ... | |
| Accepting Second Offer with no Conditions | 8/16/2010 |
| Q: We have accepted an offer on our home conditional on the sale of the buyer's home. We also have a ... A: Yes, but be careful! You can accept the second offer on your home as long as the proper clauses are ... | |
| cmhc approval | 3/11/2010 |
| Q: just wondering our mortgage broker got us a mortgage with 5% down with a credit union which has now ... A: If your mortgage was approved with these two items already on your credit bureau there shouldn't be ... | |
Canadian Real Estate
Answers by Expert:
Penny MacKenzie
Top Expert on this page
Expertise
General Residential Real Estate, Real Estate Agency, Real Estate Terminology, Real Estate Marketing
Experience
Penny MacKenzie is a full time Burlington Real Estate Agent with over 15 years of experience. An active member of the Burlington Business Community Penny is Past President of The Burlington Chamber of Commerce and Past Chair of Tourism Burlington. Penny has also served on the Board of Directors of the Burlington Art Centre Foundation. Penny is also past chair and co-founder of Party In Pink an incredible women only fundraiser for Breast Cancer Support Services. In just four short years this event has raised over $250,000 in support of women who are currently undergoing treatment for breast cancer.
As a full time Realtor Penny is experienced in the Burlington and Area real estate market. She has personally handled all types of real estate transactions, however, she is an Experienced Residential Realtor, qualified to help families reach their residential home buying and selling goals.
Organizations
Hamilton-Burlington Real Estate Board, Oakville-Milton Real Estate Board, Ontario Real Estate Board, Canadian Real Estate Board
Publications
www.blogburlingtonsbesthomes.com
Education/Credentials
Licensed Realtor with Keller Williams Realty the fastest growing Real Estate Company in Canada!
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