Compensation or indemnity for loss owing for breach of contract, or a tort (civil wrong).
Date of Completion:
The date when the title to real property transfer to the new owner.
Debt Service Ratio:
The percentage of a borrower's gross income that can be used for housing costs (including mortgage payments and taxes). This is used to determine the amount of monthly mortgage payment the borrower can afford.
A legal document, duly executed and delivered, that transfer an interest or title in real property.
An imposed restriction in a deed for the purpose of limiting the use of the land.
Failure to fulfill a promise or obligation.
The tearing down or destruction of a structure. Usually, a demolition permit must be obtained from the local building department.
The part of the purchase price paid by the buyer which is not financed with a mortgage.
Representation of two principals (usually seller and buyer) by the same agent in the same transaction.
For more terminology and jargon check:
Since choosing a right property to buy starts with needs and desires and finishes with a sizable portion of your earnings used for paying for it, it's important to ensure that the property you choose both meets your needs and is a good "fit" with your financial situation.
If you currently own property and are thinking of placing it on the market, get informed about preparing your home for sale, pricing your property appropriately, marketing it effectively and learn everything you can about real estate sale process so you can maximize your chance of a profitable sale by avoiding costly marketing mistakes.
Brantford's Victoria Park Square is located on Market Street and has a rich and significant history.
Victoria Park Square is one of the most impressive public squares in the Province of Ontario.
The park is one of three public squares identified on Burwell's original town plan of 1830.
Victoria Park Square, completed in 1861, was designed by noted British-born architect John Turner.
The central focus of the Victoria Park Square is monument to Captain Joseph Thayendanega Brant and the Six Nations. The monument was designed by British sculptor Percy Wood.
Location is an investment too and can also affect property values and property taxes. More...
Learn how to take advantage of government programs available to first-time home buyers. More...
Knowing what to expect will help you make an informed decision about the value and the future upkeep. More...
Don't forget closing costs; they vary greatly by location and they are also relative to your house price. More...
Pack a box of items that will be needed first at the new house. Clearly mark this box "Load Last." More...
Although not complete, the glossary of real estate terms will help you with some of the more common terms. More...