Frequently Asked Questions
Buyers FAQ
Before you even go looking for a home, you have to understand your needs. Think about the type of place you’re looking for. Are you looking for a lot of bedrooms and washrooms for your family? Do you want a pool in the backyard? Do you want to live close to a school or a mall? These are just some of the things you have to consider before starting looking for a new home.You also have to familiarize yourself with different types of ownership as well to help narrow down the perfect home. Freehold is when it’s all yours, a condo is when you take care of the inside and pay your fees to an association, and co-op is similar to a condo but rent a unit in the building and pay maintenance and repair fees. Once you have narrowed down some qualities, it’s time to go looking for a home!
There are thousands of real estate agents how do you choose one that’s right for you?You have to pick carefully. They will be acting as your representative and you will need someone to look out for your best interests. You will need someone that you can trust
and someone who understands what you want.
There are a few ways to look for your perfect Realtor, such as:
● Jot down some names and numbers that you find on “For Sale” signs
● Ask friends and family for a recommendation
● Visit one of the local offices in your area
They have to be trained professional who knows your area inside out. A great agent issomeone who offers you quality services to help you accomplish your goal.
There are many ways of finding that dream home! First, before you go shopping you have to make sure you are also financially ready. Make sure to have a budget when you go shopping. One thing to keep in mind is your down payments. This is a percentage of the total cost of a home that you’ll need to pay. The more money you put down, the more you’ll save on monthly payments and the cost of borrowing. Another important
aspect is getting pre-approved for a mortgage. When the lender approves you for a mortgage, it gives you an idea of how much you can afford to buy your new house. Keeping these things in mind, you are free to go window shopping! You can go searching for houses according to the different neighborhoods surrounding you, check newspaper listings, and websites, or even drop by any open houses that are being held
in your area. Looking for houses can be really fun and exciting!
Now that you’ve found the house that you are set on, it’s time to make an offer. Not all offers are the same and here’s where your real estate agent comes in. They will help you with specific terms and conditions that will be specified in the offer like the price you want to pay, financing conditions, or other things like inclusions and exclusions. Not only is it about the price of the house but you have to carefully look at the other details included in this sale. Appliances, chandeliers, or even minor renovations can also be part of the deal. Shorter or longer closing dates can also be specified in theoffer. If there is something in the offer that doesn’t satisfy the seller, counter offers or negotiations can also be presented to help get a price that you think is fair.
There will be closing costs associated with the sale that need to be paid either by or on the closing date. It can include mortgage application fees, inspections, and legal fees.But once that’s taken care of, you get your new house.Congrats welcome to your new home! You’re all ready to move in!
Sellers FAQ
When you sell, you want to get as much value as you can for your home. So you mightwant to consider the timing of the sale because it definitely has an effect on the value.You don’t want to sell when it’s a “buyer’s market,” when too many homes are for sale and there are not enough buyers. Seasonality is also something to consider because more homes are typically sold in the spring rather than the winter.You can also increase the value by enhancing the appeal of your house. There arevarious ways to do this and it all depends on the number of monetary resourcesavailable. You can renovate your house by remodeling an area or just freshen up the walls with a new coat of paint. Even just keeping your front lawn tidy can make a big difference. Buyers love seeing green grass and flowers outside because it feels warm and inviting to them.Home inspections are also something that you can do to prove the value of your home.Buyers will usually ask for a home inspection, so if you do it ahead of time it will definitely impress them. It also gives you a chance to prevent unpleasant surprises and make any major repairs.Now you’re ready for the for-sale sign!
There are thousands of real estate agents, so how do you choose one that’s right foryou?You have to pick carefully. They will be acting as your representative and you will need someone to look out for your best interests. You will need someone that you can trust and someone who understands what you want.
There are a few ways to look for your perfect Realtor:
● Jot down some names and numbers that you find on “For Sale” signs
● Ask friends and family for a recommendation
● Visit one of the local offices in your area
They have to be trained professional who knows your area inside out. A great agent issomeone who offers you quality services to help you accomplish your goal.
Now that you’ve found the perfect real estate agent, they will list your home. First, they will value your house and set a price. A report on market data will be complied with to properly value your home based on the prices in your area.Once they’ve done that the agent will market your home through various media outlets and listing sites to create strong buyer interest. They can post on Multiple Listing Services (MLS), social media, blogs, and websites.
There will be open house appointments as well to showcase the potential of your home to various individuals. At this point, Realtors may also suggest staging the home to help these individuals imagine themselves living in your house.
There will be closing costs associated with the sale that need to be paid either by or on the closing date. It can include mortgage application fees, inspections, and legal fees. But once that’s taken care of, you can pass your old keys to the new owners. Congrats! You’ve officially sold your house!
Pre Construction FAQ
It’s no secret, that pre-construction real estate yields amazing investment opportunities – however, finding the right project at the right time isn’t always easy. Utilizing my exclusive access, you can get informed about all the hottest pre-construction real estate automatically. Register below to receive floor plans, pricing, exclusive invitations, and private showings to exciting pre-construction homes and condos – ABSOLUTELY FREE.
Answer: The biggest mistake is to assume that registering on the developer’s website is the best way to get first access at the lowest
price.A Platinum Realtor works on your behalf, negotiating the best deal for you, they will shop around and compare different developments and
advise you on which property best suits your needs.Prior to the Opening Day of a new condo sales office to the general public, prices may have gone up several times. As Platinum Realtors, we are offering you an opportunity to be FIRST!
Answer: As your experienced Buyer Representatives, we will decipher developer contracts and all the ins and outs of the purchasing
processes. We will save you thousands while protecting your best interest based on our expertise, experience, and knowledge in the
Toronto condominium marketplace. Not being represented properly or working with the developer unrepresented can be very costly. The developer pays us and therefore you are not responsible to pay any fees for our services that save you thousands.
Answer: GTA pre-construction real estate is sold in the following stages:
● The 1st release is to friends, family, and business associates of
the developers.
● The 2nd release is to Platinum Realtors.
● The 3rd release is to VIP Realtors.
● The 4th release is to the developer’s registrants list
● The 5th release is for public and general Realtors
Platinum Realtors Platinum Realtors have a proven track record with the developer and have sold a large volume of suites resulting in the preferred Platinum relationship. The developer will give first access to us, the Platinum Realtors, and authorizes us to share the information with our registrants. Through long-standing relationships with Toronto’s Leading Developers, we can offer you access to choice suites with the best
incentives at prices lower than the general public will ever see.
Answer: Working with a TRUE AUTHORIZED Platinum Realtor will save you thousands of dollars, and countless hours of time and guarantee you the best possible purchase experience. You will be invited to exclusive events and/or will be the first to view pricing, floor plans, and special Platinum incentives. This guarantees you that you get the first choice at the lowest initial pricing along with the best incentives.
Answer: Access to the First Release, before VIP Agents, general Realtors, and the general public Analysis of project, suite choice, rental & resale comparables, and market stats Referral, to specialized pre-construction lawyers and mortgage agents Immediate savings with Platinum incentive programs Consultation on project, neighborhood, ideal layout, and builder reputation Guidance during pre-delivery inspection of your home To reap these valuable benefits and actually save money, it makes sense to work with a professional pre-construction real estate
specialist.
Answer: Generally the best time to purchase pre-construction real estate is during the Platinum launch. The prices are the lowest and as sales have just started and the availability is at its best.In some cases, if the project is between 60-70% sold, the developer may offer a few Platinum Realtors access to special incentives to reach their construction financing targets (typically 75% of the project should be sold before a bank will finance the construction).Working with a Platinum Realtor has significant benefits in either scenario. If you aren’t in the know you will miss out on these opportunities.
Buying pre-construction real estate has some additional expenses youshould budget for. The amounts will vary depending on the purchase
price.
● Land transfer tax
● Legal fees
● Development charges and educational levy
● Tarion warranty enrolment fee
● Builder adjustment fees
Answer: Every purchaser has their own strategy and goals when investing in real estate but they all fall into one of three categories:
● Short-term investor: Will sell before final closing or shortly thereafter. Does not want to be a landlord and is looking for
appreciation on the deposits above what the bank offers.
● Medium-term investor: Will rent the property for a few years before selling it for a profit. Allows you to get a higher return.
Renter will pay down the mortgage. Most investors fall within this category.
● Long-term investor: Will rent the property indefinitely with no plans to sell. A way of building wealth and cash flow over the
long term. Real estate is being paid off by tenants, steady increase in value over time.
We recommend a medium to a long-term approach to investing in real estate to create a safe and reliable way to build wealth with a
cash-producing asset. Your Investment strategy can always be adjusted.
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