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Dennis Philps

Archive for September, 2012

Carbon Monoxide Detectors

Sunday, September 30th, 2012

Did you know that carbon monoxide is the leading cause of accidental poisoning deaths in Canada. Since 2002, 35 people have died in Alberta from the poisonous gas?   Because it has no smell or color, carbon monoxide has been called the ‘silent killer.’

Did you know that a $40-$80 investment can largely prevent you or your family from becoming another tragic statistic?

Become educated by reading an excellent article by Canada Mortgage and Housing Corporation that is available online at http://www.cmhc.ca/en/co/maho/yohoyohe/inaiqu/inaiqu_002.cfm.
Surely an ounce of prevention is better than a pound of remorse!

Edmonton Real Estate and ‘Dower Rights’

Wednesday, September 5th, 2012

If you are considering selling a home in Edmonton or area, there are some important details to keep in mind.  A legally married spouse cannot sell their place of residence without the consent of the other spouse.  A ‘legally married’ couple includes a separated couple who is not yet legally divorced; it does not include common law relationships.  It may include same-sex couples.

The ‘Dower Act’ kicks in when the seller is legally married but there is only ONE NAME on TITLE and either the seller and his/her spouse has resided in that property at any time since the marriage [even one night there is enough to trigger dower rights!].

In order for a ‘one name on title’ home to sell where the seller is legally married, the spouse not on title will have to sign a Dower Consent and Acknowledgment at the time the Listing Contract is signed, at the Time when an Offer to Purchase is in the works and when the Land Transfer is being finalized.

Obviously, one would want to consult with their Alberta Real Estate lawyer to understand their rights BEFORE signing any document!

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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