Buying from a Builder
Have you ever gone to buy a new car, and the salesman asks you to wait in his office so he can go ask his Manager for a better deal for you? Do you really think he’s fighting to get you a better deal? The salesman gets paid on commission, and hasn’t known you for more than 20 minutes.
People often think that Realtors are only in the business of helping clients buy resale homes. Read the full article to find out how a Realtor can protect YOUR interests!
Buyer Representation Agreements
Buyers should be aware of their options so they are better able to protect their positions in a transaction.
Buyers who understand their options will typically want to select their Real Estate representative EARLY in the transaction in order to avoid potential conflicts of interest they could be making, including calls typically to the listing sales representatives representing the Seller(s).
Closing Costs When Buying/Selling a Home in Toronto
Closing costs are a list of charges your lawyer presents to you on the closing date of your home. Many people are surprised at the additional costs over and above the price of the home. According to the CMHC and Genworth Financial you should have at least 1.5% of the purchase price for closing costs in addition to the down payment (have around 2.5% to be on the safe side).
Read the full article to find out what costs you need to know about in Ontario.
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Land Transfer Taxes In Ontario & Toronto
In general, if you buy land or an interest in land in Ontario, you must pay Ontario’s land transfer tax, whether or not the transfer is registered at one of Ontario’s land registry office. Land includes any buildings, buildings to be constructed, and fixtures (such as light fixtures, built-in appliances and cabinetry). Land transfer tax is normally based on the amount paid for the land, in addition to the amount remaining on any mortgage or debt assumed as part of the arrangement to buy the land.
Condos In Toronto
There are a lot of condos for sale in the Greater Toronto area.
In the past 2 weeks we’ve had the pleasure of helping 2 clients search for a condo in Toronto to buy. One client bought a condo managed apartment (typically known as a “condo”) and the other made an offer to buy a condo managed town-house.
Read the full article which offers a video to see how we saved one of them thousands of dollars!
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Video: Buying A Resale Home Using The Seller’s Realtor!
Many people believe it is better to NOT use their own Buyer’s Agent/Realtor to buy a resale home in Toronto, and rather, to have the Seller’s Agent/Realtor (who is selling the home) write-up YOUR purchase offer for you to buy the home.
Read the full article which offers a video to see how this mistake can cost you THOUSAND$$$!
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Title Insurance: Don’t Let Someone Steal Your Home!
Title insurance is growing in popularity in Canada. But what is it exactly? Should you get it? Do you need it? Whether title insurance is right for you is something you should discuss with your lawyer, as it depends on the circumstances of your transaction. This article will provide you with some background information about title insurance to help you make an informed decision.
Read the full article to learn how you can protect your greatest asset!
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