Chase Realty

When it comes to buying and selling a home, there are many opinions on the real estate process. From when to sell to where to buy, how to negotiate and what to look for, there’s no shortage of information being thrown your way. Like with anything, what you read or hear isn’t always factual. Sure, it may be rooted in truths, but things can get twisted.

Check out this interesting and informative article that interviews REALTORS® across Canada to help provide some clarity on the most common real estate misconceptions 👉🏽 https://www.realtor.ca/blog/7-real-estate-misconceptions-debunked-by-realtors/27665/1361.

7 Real Estate Misconceptions Debunked by REALTORS® - REALTOR.ca Blog We reached out to a few REALTORS® across Canada to help provide some clarity on the most common real estate misconceptions.

What does "Transfer of Ownership" mean? 🏡

This means that a property has a new owner who purchased it and assumed its mortgage debt.

It can also be referred to as a "title transfer," which is a process in which two parties complete a transaction involving the ownership of a piece of property. They sign a purchase agreement and exchange a consideration of value. Then, the change of possession can occur.