Working with a real estate agent: Things you need to know

Working with a real estate agent: Things you need to know

Real estate agents in Ontario are required to walk you through this guide before providing services or assistance to you.

Working with a real estate agent — page 2This section describes the benefits of working with a real estate agent, what you can expect,and the responsibilities of clients.Know the risks of representing yourself — page 4This section explains the risks if you choose not to work with a real estate agent and the risks ofreceiving assistance from a real estate agent who is working for the person on the other side ofthe transaction.Signing a contract with a real estate brokerage — […] Read more

Navigating the Finances: Understanding Pre-Construction Closing Costs in Ontario

Navigating the Finances: Understanding Pre-Construction Closing Costs in Ontario

Introduction: Investing in a pre-construction property in Ontario is an exciting venture, offering the opportunity to tailor your dream home or make a sound real estate investment. However, it’s essential to navigate the financial landscape with a clear understanding of the associated costs. In this blog, we’ll delve into the realm of pre-construction closing costs in Ontario and shed light on the crucial considerations for prospective buyers.

Deposit Structure: Before we dive into closing costs, it’s vital to revisit the deposit structure. Builders typically require a series of deposits throughout the construction process. While these deposits contribute to the overall purchase […] Read more

Navigating the Exciting Path: Buying Pre-Construction Condos 101 in Ontario

Navigating the Exciting Path: Buying Pre-Construction Condos 101 in Ontario

Introduction: Embarking on the journey of purchasing a pre-construction condo in Ontario can be a thrilling adventure filled with anticipation and potential. However, it’s crucial to navigate this process with knowledge and awareness. In this guide, we’ll explore some must-knows for those considering investing in pre-construction condos in Ontario.

Understanding the Pre-Construction Phase: Buying a pre-construction condo means investing in a property that is still in the planning or construction stage. This presents both opportunities and challenges. While you may secure a lower price compared to completed units, there are uncertainties, such as potential construction delays. It’s essential to have a […] Read more

Mortgages 101: What’s a mortgage and how to choose between fixed and variable rates in Canada?

Mortgages 101: What’s a mortgage and how to choose between fixed and variable rates in Canada?

Selecting a mortgage is one of the biggest – and most stressful – financial decision made by many Canadians. But a clear understanding of a few basic terms and concepts can help allay some the anxiety. Here’s a primer on the basics of mortgages, along with insights into the current market.

THE BASICS

What is a mortgage?

In plain terms, a mortgage is a loan most often used to buy a house, condo or some other type of property. It’s a set amount of money provided by a lender (often a bank, credit union or mortgage company), and is repaid over a set […] Read more

Costs and Hidden Fees of Selling your Home in Ontario – Toronto

Costs and Hidden Fees of Selling your Home in Ontario – Toronto

Your home is likely your largest and biggest investment you will ever make. 

When thinking of selling and to maximize the value of your investment you will need to spend some cash before it hits the market and also costs involved after closing.

Let’s go over some of the obvious and less obvious costs of selling you home.

Expected Costs of Selling a Home in Ontario:

1- Realtor Commission: 

2- Closing Costs:

3- Moving Expenses

Hidden Fees and Costs:

4- Capital Gain Taxes:

5- Renovation and Repairs:

6- Landscaping:

7- Staging & Professional Photography:

Realtor Commission: 

The first thing that most people think of when they think of “Selling a Home” is the […] Read more