Real Estate Contract Alberta

Feb. 19, 2023

What Documents Should My Realtor Show Me Prior to Buying?

Important DocumentsIf you are buying a property with the assistance of a realtor, they should provide you with various documents to help you make an informed decision about the purchase. Here are some of the key documents your realtor should show you:

Consumer Relationships Guide: This document is a regulatory requirement ...

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Feb. 14, 2023

How Does the City Property Assessments Differ From a Realtor's Market Analysis?

Taxes vs Market AnalysisProperty assessments and market evaluations are two distinct methods used to determine the value of a property, and there are some differences between the two. Here are some key points to consider:

Purpose: Property assessments are conducted by the City of Calgary for the purpose of determining property taxes, while ...

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Feb. 13, 2023

Does a Seller Have to Disclose Whether Their Property is Conditionally Sold?

Pending Sale

In Alberta, a seller is not legally required to disclose whether their property is conditionally sold. However, the sellers agent is required to submit the pending sale. The seller has the potion to stop all showings or allow further showing. At anytime, the Seller may accept a back up offer ...

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Feb. 13, 2023

Does a Seller Have to Tell Me if There is Another Offer in Alberta?

Multiple Offers

In Alberta, a seller is not obligated to disclose the existence of other offers to potential buyers. While some sellers may choose to share this information with potential buyers, it is not a legal requirement. The decision to disclose other offers is typically left to the discretion of the seller ...

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Feb. 13, 2023

Does a Seller have to Disclose Stigma in Alberta?

 

Stigmatized Properties

Stigma refers to a negative characteristic or perception that is associated with a particular person, group, or thing. In the context of real estate, stigma refers to any negative aspect or characteristic of a property that can affect its market value, even if it does not affect the physical ...

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Feb. 13, 2023

Does Alberta's Have a Land Transfer Tax?

No, Alberta does not have a land transfer tax.

Land Transfer TaxAlberta is one of a few provinces in Canada that does not have a land transfer tax. In most Canadian provinces, a land transfer tax is a tax paid by the buyer when purchasing a property. The amount of the tax ...

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Feb. 2, 2023

Illegal Grow Operations

In Canada, individuals are allowed to grow marijuana for personal use in their homes, subject to certain conditions. Here are some of the rules related to growing marijuana in your home in Canada:

  • Legal age: Only individuals who are 18 years of age or older (or 19 in some provinces ...
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Jan. 28, 2023

Can I rescind my offer to purchase in Alberta?

 

In Alberta, a real estate offer can be rescinded or withdrawn by the buyer before it is accepted by the seller. Once the offer is accepted, it becomes a binding contract and cannot be rescinded without the consent of the seller. If the buyer wishes to withdraw their offer ...

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Feb. 27, 2021

Can I rescind my offer?

Rescinding - What does this mean and how is it handled? (To withdraw your offer)

When negotiating a contract, as long as no timelines have been met by the parties, you

can rescind the contract in writing. Because rescinding is very time sensitive, it is best practice to be able ...

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Feb. 22, 2021

What is Attached or Unattached Goods?

Every time realtors work with offers they are dealing with many issues that affect both the Buyer and the Seller. The contract is complex and many believe it is just fill in the blanks. If you've been around contracts as much as I have in the past 23 years ...

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