Gerald Tostowaryk
Thursday, November 12, 2009 - Buying Commercial Real Estate-Conditions
When making an offer to buy commercial real estate (or any real estate for that matter), most buyers insert conditions. Conditions basically say "I will buy your real estate IF this event happens to my satisfaction". They are a way of tying up a property while you do your research, or "due diligence". Common conditions in the Edmonton commercial real estate market are financing, inspection, checking rents and leases, environmental analysis, checking title, checking contracts relating to the rea ...
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posted in General
at Thu, 12 Nov 2009 20:05:03 -0700
Friday, November 6, 2009 - How Much Deposit To Put Down?
This is a question that Sellers and Buyers will have very different answers on. Let's focus mostly on the Buyer, and the Seller's point of view will be covered in the process. First, I want to start off with a question. Is a deposit required when making an offer? Now I am not a lawyer, but from all the legal information I have seen, the answer is that no, a deposit is not required. A promise to sell and a promise to buy are valid consideration; consideration being something of value that is req ...
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posted in General
at Fri, 06 Nov 2009 19:41:28 -0700
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