At today's interest rate, there can't be better time to buy a Codominium or a house than renting it. If you are interested in considering your options, please call me at 416-558 3538 or send an email. puru@downtownrealty.ca

Remember the Listing Agent, represents the Vendor, so you should also have an Buyer Agent to represent you and protect your interest. It doesn't cost you any thing because the commission is usually paid by the Vender, through his listing agent. The Listing agent is obligated to take care of the Vendor's interest, and not yours, and If you have an Buyer agent, it is his duty to care care of your interest, and search for the properties of your needs.

Why you need an agent to buy a preconstruction sale condominium

Why should you hire me as your buyer agent ?

1. Explain you about the Buyer agency relationship.
2. Arrange to fiancially prequalify you with a financial institution that will offer you the best mortgage rate with terms that fit you needs. We we have in-house mortgage agent, will help to find the best mortgage.
3. Understand your needs, and locate all properties within your needs, and make appointments to show the properties you like. and locate the best property for your needs and best value for your money.
4. Do a market analysis on the subject property and assist you in offer pricing strategy.
5. Explain about the cost of purchasing a condominium or house.
6. Prepare the written offers to purchase the properties and carefully choose with all terms and conditions to protect your interest.
7. Negotiate the best price, and advise you about pros and cons of counter offer clauses.
8. Prepare and deliver appropriate notices, and deliver them to the Vendor's Agent.
9. Upon complation of the offer acceptance, deliver all pertinent papers to the Vendor's agent, you, and your attorney.
10. I will accompany you during the home inspection and advise you on the home inspection report.
11. I will make the buying proecess as simple as possible without any hassle.
12. You will never be pressured to buy. I will find you a condominium that you will enjoy and pay a fair market price, will keep searching until you find exactly what you need.
13. As a buyer agent, I will do my best negotiate the best price, and protect your interest.
14. I am a certified buyer agent ABR (Member of REBAC).

Costs involved in buying a Condominium or House.

• Legal fees and Disbursements ( approx. $1,500 - $2,500)
• Land Transfer Tax. (One time property transfer tax payable to Government at the time of closing the Sale)
• Please click on the link to calcluate the Land Transfer Tax:
• Click here to calculate the the Property Tax.

Land transper tax : http://www.fin.gov.on.ca/en/bulletins/ltt/1_2008.html#introduction
• Adjustments. (This refers to the proportionate share of realty taxes, maintanence fee, utilities, deposits, etc.)
  If you buy a new condo from the builder, some builders charge development charges in additon to the purchase price.
  Check with your lawyer before the 10 day cooling period, otherwise you may be surprised with a large adjustment fee.
• Mortgage, Appraiser or documentation fee (most brokers do not charge any fee)
• Home Inspector (approx: $500 + ) for homes
• Status Certificate (approx. $100) for condo buyers only.
• Moving cost. (Cost varies approx. $65 - $85 per hour).
• Cost of improvements before moving (Painting of your choice, Change the Carpet or Install wood flooring, repairs etc...)
• Telephone, cable hook ups.

CONDO BUYERS GUIDE (CMHC - GUIDE)

CMHC Mortgage Insurance:
Most banks and Lenders require buyers to take CMHC Mortgage insurance if the purchaser has less than 20% down payment. The insurance protects banks and Lenders against any payment defautls by the home Buyers.

1. CMHC Mortgage Insurance rate

2. Genworth Mortgage Insurance rate

3. Agency Relationship explained.

3. Buyer Agency agreement

4. Housing Market Report

If you planning on buying a property, if need abuyer agent, please feel free to call me or send an email. or call me at: 416-558 3538

Thank you and appreicate your business.