Mandeep  Toor

Mandeep Toor

Real Estate Broker

RE/MAX Realty Specialists Inc., Brokerage *

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5 things to Know when selling a home occupied by a tenant

5 things to Know when selling a home occupied by a tenant

As a result of the latest changes to the Ontario Residential Tenancies Act, you need to have the right strategy when selling a home occupied by a tenant.

Here are 5 things you need to know:

First review any lease

Pre-approvals are no good in Canada

Pre-approvals are no good in Canada

Lately, I’ve been getting panicked calls from real estate buyers (or their mortgage brokers) to inform me that their bank was not honouring their mortgage “pre-approval”. Obviously, this creates tremendous stress for the buyer and Realtor, mortgage broker, lawyer and this situation is becoming more and more common.

Why is this happening?

Pre-approvals are no good in Canada

Pre-approvals are no good in Canada

Lately, I’ve been getting panicked calls from real estate buyers (or their mortgage brokers) to inform me that their bank was not honouring their mortgage “pre-approval”. Obviously, this creates tremendous stress for the buyer and Realtor, mortgage broker, lawyer and this situation is becoming more and more common.

Why is this happening?

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