The Complete Guide to Buying, Owning and Selling a Home in Canada
NON FICTION BOOK REVIEW
Title: The Complete Guide to Buying, Owning and
Selling a Home in Canada; by Margaret Kerr and
JoAnn Kurtz; John Wiley & Sons; ISBN: 0-471-64191-X;
Paperback; 305 pages, CAN $21.95.
Reviewer: Ellen Tremblay, "Margaret Kerr and
JoAnn Kurtz have produced a very informative
book on a serious subject."
A sure guide to buy or sell a home.
Considering the purchase of a home? Is your current
abode in need of renovating? Are there preparations
under way to sell the residence that has been yours
for the past thirty years? If the answer to any of these
questions is "Yes," a wise first step might be to invest
in The Complete Guide to Buying, Owning, and Selling
a Home in Canada.
Written by two lawyers with experience in research,
teaching and practice. Kerr and Kurtz prepare the
reader for the event to come, in language that is
humorous, and easily understood. They have
produced a very informative book on a serious
Between the covers there are a number of helpful
lists to consider. They serve as a reality check for
the potential buyer, owner or seller. Facts that must
be taken into consideration before making a move
are itemized, beginning with "What You Can Afford"
and ending with "Estimating Your Net Proceeds
From the Sale."
The authors carefully prepare the reader for the trip
to the mortgagee. Terms the lender may use are
defined such as; second mortgage, amortization
period, and blended payments. The borrower who
studies this section will be familiar and comfortable
with the terms when the moment comes to face bank
or trust company loans officer.
As evidenced by the thorough manner in which they
go through each area of subject matter step by step,
the authors know of what they write. Their description
of the family at the end of a day of moving, and their
advice as to what to do next, indicates that they have
There are tips for hiring lawyers, real estate agents
and contractors. The description of the legal relationship
between customer and real estate agent might come
as a surprise, and is worth a very close read. This section
alone could save the purchaser of a house many times
the cost of this book.
Probably the largest purchase and subsequent sale
one will ever make is a home. It therefore makes sense
to research these transactions well in advance to prepare
for the event to come. This book arms the reader against
potentially costly pitfalls and mistakes.
The Complete Guide to Buying, Owning, and Selling a Home
in Canada is a very good place to start. I am passing my
copy on to my son who is currently going through the initial
stages of financial planning.
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