Seller Cheated The Wrong Buyer (Peel Region Real Estate Market Update)

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  • Опубліковано 6 вер 2024
  • BOOK A CALL WITH SANTO: calendly.com/t...
    In this episode we take a look at the current Brampton, Mississauga, Ajax, Whitby, Pickering Real Estate home prices and market trends for week ending July 10, 2024. We also discuss why it's important to not hide any defects when selling your property.
    This video will focus specifically on Brampton, Mississauga, Ajax, Whitby, Pickering but be sure to SUBSCRIBE for more reports on other areas!
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    Santo Sessa & Daniel Sessa
    Re/Max Premier
    (647)560-7778
    santo@teamsessa.ca
    *This video, nor any of the other videos on the Team Sessa Real Estate UA-cam channel, does not constitute legal or financial advice. This is strictly intended for educational and entertainment purposes only.

КОМЕНТАРІ • 35

  • @mateofernando5066
    @mateofernando5066 Місяць тому +6

    Never rely on home inspectors unless they are insured. When they miss something, you have recourse to sue them and get money from any errors and omission insurance covering them. Otherwise, you are going after someone with no assests of wages to garnish.

  • @nospm1244
    @nospm1244 Місяць тому +13

    plot twist: seller really wanted to cover the expenses but his uncle in India couldn't get a mortgage, I mean sell his house.

  • @nospm1244
    @nospm1244 Місяць тому +15

    Santo, I am interested in that townhouse. Just one question, am I going to fit 20-25 males in their mid 20's in the basement? they're slim, around 140lbs each.

    • @jeffotoole4509
      @jeffotoole4509 Місяць тому +3

      Ha 😂

    • @markz1013
      @markz1013 Місяць тому +1

      If you buy it, can I rent a corner?

    • @jeffotoole4509
      @jeffotoole4509 Місяць тому

      @@nospm1244 i am looking for at least 8 sq ft. I can lie sideways when I sleep. That should be like $500 a month.

    • @nospm1244
      @nospm1244 Місяць тому +3

      @@markz1013 yes, but there are some strict criteria before we accept you to the royal basement so cannot promise anything, but you can apply

    • @teamsessa
      @teamsessa  Місяць тому +1

      What you do after you close is your business.

  • @noname-yk3dr
    @noname-yk3dr Місяць тому +2

    Good to do your home inspection when its raining. 😂

  • @MelissaHobbs-qm8wi
    @MelissaHobbs-qm8wi Місяць тому +2

    I'm looking forward to a potential housing crisis to make affordable purchases when I sell some properties in 2025. Additionally, I'm considering investing in stocks as a backup plan. Any suggestions on the optimal timing for making these investments? I've been noticing significant trading earnings, but there are concerns about the market being unstable and going through a dead cat bounce. Could you shed some light on why this market phenomenon occurs?

  • @Carolinapetroska
    @Carolinapetroska Місяць тому +4

    What if the seller went back to India ? How could you recover from him knowing that it will be almost impossible to chase him in another country, especially if that country doesn't have any laws about that ?

  • @dinoa.17
    @dinoa.17 Місяць тому +2

    Toronto Vancouver house prices ll go down
    %85 imminent
    Ponzi ending any minute

    • @raczyk
      @raczyk Місяць тому

      Keep dreaming. It's called inflation, gov likes 2%, therefore prices rise yearly by at least 2%.

  • @Plasmax-jp6pm
    @Plasmax-jp6pm Місяць тому +1

    Diversity is a strength

  • @xxrudebouyxx1363
    @xxrudebouyxx1363 Місяць тому +2

    How could it be proved in court that he knew about the flooding?

    • @Carolinapetroska
      @Carolinapetroska Місяць тому +1

      The neighbors....

    • @xxrudebouyxx1363
      @xxrudebouyxx1363 Місяць тому

      @@Carolinapetroska they are proof? Or just people who could have an unbiased opinion? Proof is tangible. I could say my neighbor is a pedo. Doesn’t mean it’s true

  • @mikedennington8856
    @mikedennington8856 Місяць тому +3

    Defects must be declared as in common law is they could reasonably be known by the seller. I have done this in BC and won the small claim court case with no lawyer being under $35,000
    patent defects are obvious and are typically discovered during an inspection of the property, latent defects are hidden. In this case it seems to be a latent defect and the seller is liable for all remediation costs plus lawyer fees.

  • @adamnarbeaux5898
    @adamnarbeaux5898 Місяць тому +3

    Cheaters in Brampton?? No, that’s impossible 😂

  • @Carolinapetroska
    @Carolinapetroska Місяць тому +3

    Surprising that the buyer won the lawsuit.

  • @Carolinapetroska
    @Carolinapetroska Місяць тому

    They didn't have insurance to cover those types of damages ? Sometimes it works.

  • @IvansBikesBmws
    @IvansBikesBmws Місяць тому

    Very interesting! Thanks for the video!

  • @Cheesestroker
    @Cheesestroker Місяць тому +1

    How can law suit be won if the house is sold as is???

    • @tomacml5741
      @tomacml5741 Місяць тому

      "As is" clause needs to states in the purchase agreement but probably is not stated as "sold as is"

    • @Cheesestroker
      @Cheesestroker Місяць тому

      @@tomacml5741 who in their right mind wouldn't have as is clause...it's always there

    • @mikedennington8856
      @mikedennington8856 Місяць тому +1

      patent defects are obvious and are typically discovered during an inspection of the property, latent defects are hidden. Latent defects must be disclosed and if not the seller is liable within seven years after the sale. Just because a sale has gone through does not mean the seller can get away with known defects.

  • @napjohn88
    @napjohn88 Місяць тому

    ya tough, seller doesnt have to disclose it. couples problem.

    • @teamsessa
      @teamsessa  Місяць тому

      Actually, in the scenario I described, the Seller does have to disclose.

  • @jaamiherawi2841
    @jaamiherawi2841 Місяць тому

    Mr Sessa you are always trying to beat up Durham housing market for some reason your focus is on peel region where you get clients from

    • @teamsessa
      @teamsessa  Місяць тому

      I’m not sure why you say I beat up on Durham. And I have many Durham region clients.

  • @gmarks1559
    @gmarks1559 Місяць тому +1

    The muppet boiler room condo flipping market is dead 😂😂