Lake of Bays Real Estate Blog

What is a Buyer Representation Agreement

In Ontario, buyer representation agreements should be in writing for the protection of all parties. The representation agreement sets clear expectations for the buyer and the real estate broker. A buyer representation agreement (BRA) is a contract that lays out the terms of the relationship between a buyer and a…

Real Estate Deposits

Why do I need to give a deposit when buying a property? A deposit forms part of the purchase of the property. The deposit ensures that the Buyer has a stake in the agreement and something to lose if they walk away and refuse to close the purchase. How much…

Winning the Bidding Wars

When looking at ways to win the real estate bidding wars and achieve your dream spot, I recommend making your offer as clean as possible. First, see your offer as a Seller does? If you are the Seller would you look favourably at the offer you are submitting?  In a…

Should I Sell My Cottage Now?

Supply & Demand Currently, we're in a market that is based on supply and demand microeconomics. According to Wikipedia, this model states simply that in a competitive market, the price for a particular good will vary until it settles at a point where the quantity demanded will equal the quantity…

Muskoka True North Log Cottage

True North Log Home Your search for a stunning waterfront log cottage is over. Welcome to this magnificent 5,100 sq. ft. True North log cottage on 2 plus acres on desirable Lake of Bays, Muskoka. This luxurious lakeside residence of matchless construction and appearance makes a true statement of distinction.…

Final Inspections are Important

As a buyer, you had a home inspection when you purchased the house, so do you really need to do a final walk-through inspection? The answer is Yes. It may have been weeks or perhaps months since you completed your agreement of purchase and sale. The purpose of the final…

Should I Have a Home Inspection?

Do I Really Need a Home Inspection? It can be tempting to forgo a home inspection, especially if the home you are buying looks to be in perfect condition and inspection is just another cost to juggle. Be Wise - Have an Inspection But be wise and NEVER skip an…

Real Estate Commission Q and A

Question: I am selling my home and I wonder the amount of commission I will need to pay?  Generally, real estate commission rates seem to vary between 4% to 6% of the sale price. However, there is no standard commission rate. In Ontario, it is not legal for brokerages to…

Buyer Beware Dual Agency

I have noticed a new trend of Multiple Representation - buyers wanting to buy only with the listing agent.  Popular opinion seems to recommend that dealing with the seller’s agent would be advantageous.  The thinking is that if the buyer uses the listing agent, they will get a deal as…

Covid Changes Cottage Buyers Behaviour

In early spring when Covid-19 came into full force I thought that it would be a long, quiet summer.  Hunkered down and signed up for several online educational courses, I was resigned to stay home, and keep my educational credits top of mind through online learning. 4 weeks later the…

Top 3 Tips When Buying A Cottage

How exciting. You have made the decision to buy a vacation home in Lake of Bays – North Muskoka! You have been on Realtor.ca for the past several months and you can’t wait any longer – now is the time you say. But, before you pick up the phone and…

Lake of Bays Lake

THE LAKE Lake of Bays lake is located in the northeastern part of the district of Muskoka, beside world-renowned Algonquin Park. The lake is renowned for its natural beauty, the bustling hamlets of Dorset, Baysville and Dwight, and endless year-round recreational opportunities. Lake of Bays lake is a premier, sought after…