What to Look for When Buying a Renovated Property

Legalities of Edmonton Renovations, Permits, and Home Inspections.

Barry and realtor Keith Faria discuss what people need to look for when purchasing a property that has been renovated. In this video, you’ll hear why the renovation needs to be inspected twice, as well as how to make sure everything is safe and legal.

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Explaining a Creative Real Estate Investment Strategy to a Seller

What Do I Say to a Seller About Buying their Property by Way of Agreement for Sale?

Creative real estate strategies aren’t well known, so investors need to approach potential sellers with clear, easy to understand information. In this video, Keith Faria asks Barry about how to explain Agreements for Sale to someone who wants to sell their property, but has never heard of seller financing.

You can view the first video in this series where Barry defines Agreements for Sale by clicking here. Or view the previous video about the difference between an Agreement for Sale and an Assumable Mortgage by clicking here.

Agreements for Sale are just one of the creative strategies that Barry teaches in his real estate investment workshops. Find out more about the Rapid Cash Program by clicking here.

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Creative Ways of Buying Canadian Real Estate

Is an Assumable Mortgage the same as an Agreement for Sale?

In this video, Keith Faria asks Barry about the differences between buying a property by way of Agreement for Sale versus assuming the seller’s mortgage. Both have their uses, but Agreements for Sale let Canadian investors acquire real estate without taking on further debt. You can view the previous video in this series where Barry defines Agreements for Sale by clicking here.

Check out Barry’s workshops if you’d like to learn how to use Agreements for Sale to make money fast with real estate!

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How to Buy Property Without Money

What Are Agreements for Sale?

In this video, Barry and realtor Keith Faria are introducing agreements for sale. Here’s what you need to know about this seller financing strategy in 2 minutes. If you want to learn how to invest in Canadian real estate using agreements for sale, check out Barry’s workshops!

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Title Insurance vs. Real Property Report

Should You Accept Title Insurance Instead of a Real Property Report?

Following up on their previous two videos (1 and 2), Barry and Keith compare title insurance and real property reports in Alberta real estate. Which should you choose? For the buyer, it often depends on what you wants to do with the property after purchase. Watch the video to get Barry’s explanation!

 

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Real Property Reports in Alberta

What’s a Land Survey and Why Do You Need One to Sell your Property?

Barry continues his conversation with Century 21 realtor Keith Faria. This time they’re talking about Real Property Reports (RPR), which are two-dimensional drawings created by professional surveyors.

In Alberta, the standard real estate purchase contract requires sellers to provide a current RPR and proof of municipal compliance. Watch the video to get an explanation of what these terms mean and why they’re important.

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Holdbacks in Real Estate Purchase Contracts

Holding Money Back to Get a Seller to Fix Problems with a Property

Barry recently had a chat with Century 21 realtor Keith Faria about holdback clauses for buying and selling real estate in Alberta. They recorded this video to share their thoughts and advice with you.

In a real estate purchase contract, there are ways of getting a seller to do things to the property before the sale. A ‘holdback’ is a clause that reserves part of the purchase money to fix problems—just in case the seller doesn’t do things when or how they were supposed to…

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Real Estate: What Happens at Closing?

Focus on Real Estate: Quick Tips.

“Closing” is the final step of a real estate transaction. In Alberta, closing means that the Land Title has been transferred from the seller to the buyer. There is a lot of paperwork involved, which is one reason why having a real estate lawyer is a good idea. In fact, you are legally required to have a lawyer process mortgage documents because an individual is not allowed to do this for themselves.

Focus on Real Estate with Barry C. McGuire is a series of short videos that answers frequently asked questions about real estate in Alberta.

Use the contact form below to send a message to Barry McGuire, Alberta real estate lawyer.

Videos co-produced by the Real Estate Investment Network (REIN) as a Google Partner.