“Ask Joe” is a question and answer column by RECO’s Registrar Joe Richer that appears in the Toronto Star.
Richer answers questions from readers on a variety of topics, including how to spot a former grow-op, protecting your deposit and what to disclose in multiple offers.
Are you a home buyer or seller with a question?
- I’ll be moving in a few weeks and am concerned about moving into a home that was previously occupied, during the COVID-19 pandemic. Is the seller obligated to have the property cleaned and sanitized before I take possession?
- I recently purchased a home and have now been laid-off due to COVID-19. I also wonder now if I paid too much for the property. Can I walk away from the Purchase Agreement?
- What is a COVID-19 clause, and should I include one in my purchase offer? Are there any other special clauses or waivers that I should include if I buy a property during the current pandemic?
- I recently sold a property. The purchase agreement includes two pre-closing visits for the new owners and an inspection by an engineer. How can I protect myself, the buyers and the specialists that need access to the property?
- I’ve been reading a lot about physical distancing and limiting in-person interactions when viewing or listing properties, when it comes to finalizing a purchase, are e-signatures an option or do purchase agreements require in-person signatures?
- I have no choice but to list my home for sale in the next two weeks. In these days of physical distancing, how do I limit the number of people coming through my home?
- I want to keep track of what’s happening in the real estate industry in Ontario. Where do I look for information I can trust? Which organization is looking out for me?
- I am selling my home and have an open house planned. Should I tell my salesperson to cancel it because of COVID-19?