Plan B $$$

Podcast Episode 48:
Plan B.

Money and financing are essential parts of any real estate transaction. Always make sure to have a backup in order to make sure that you can still close a deal… just in case your first choice for financing dissolves!

Download the audio file HERE and the text/handout HERE.
(control click or right click + save as). Continue reading

Mortgage Madness

Podcast Episode 47:
Lender Lessons.

Let’s look at five different aspects of ensuring financial success for your real estate business. Banks like things plain and simple. You need to deal with conditions on a mortgage and names on the title before you can close. Make triple sure you are unconditional before removing ‘subject to’ from your contract. You also need to make sure to disclose to your lender any ‘creative’ approaches to investing.

Download the audio file HERE and the text/handout HERE.
(control click or right click + save as). Continue reading

Financing Facts

Podcast Episode 46:
Current Realities.

Lending policy changes, as does the interpretation of existing rules and regulations. Make sure you stay on top of the current situation with your lender, the government, and market conditions.

Download the audio file HERE and the text/handout HERE.
(control click or right click + save as). Continue reading

Bidding Wars

Buying Real Estate

Beware The Real Estate Boom.

Bidding wars are again getting to be the rule rather than the exception in Toronto and Vancouver. Recent articles in the Globe & Mail (1, 2) describe multiple offers resulting in properties going for more than $100,000 over list!!

In the event of a real estate boom,
here are two major, serious issues to watch out for.

Continue reading

Parol Evidence Rule

Podcast Episode 15: “Parol Evidence Rule.”

People lie. You are not allowed to use verbal evidence to vary a written contract. Get all promises in writing. Don’t remove conditions especially a, ‘subject to financing’ condition until you are satisfied you have the appropriate financing.

Download the audio file (Mac control + click + “save as” / PC right click + “save as”) HERE.

The full-text version of this Tale from the Trenches can be found HERE.

Contact Barry McGuire now. Alberta real estate needs an Alberta lawyer.

Parol Evidence Rule (Handout)

Text Notes for Podcast Episode 15: “Parol Evidence Rule.”

People lie. You are not allowed to use verbal evidence to vary a written contract. Get all promises in writing. Don’t remove conditions especially a, ‘subject to financing’ condition until you are satisfied you have the appropriate financing.

Download the handout (Mac control + click + “save as” / PC right click + “save as”) HERE. Continue reading