2017 Exclusive Buyers Guide

Introduction

While every financially significant investment poses risks, the Canadian real estate market is one of the most secure investment opportunities in the world.  Along with security, you also enjoy a large potential upswing in key markets like the GTA (Greater Toronto Area).  Whether you are an experienced real estate investor with a sophisticated and diverse portfolio, or a first time home buyer contemplating the purchase of your first home, it is important to educate yourself on the latest economic and real estate market trends, the basics of the home buying process and to understand the unique local market trends impacting your neighbourhoods of interest.  It is also essential you select a skilled and experienced real estate advisor to help you navigate the process.

Congratulations on Your Decision to Buy a Home!

Buying a home is a significant financial decision along with a lifestyle decision as this is where we live, sleep, eat, entertain friends and maybe raise a family.  For a lot of people, buying property is the single largest investment they will ever make, not just in their family’s lifestyle and comfort but also in their financial future.  A home purchase is an important step in the path to building long-term wealth.  It is a great investment that provides specific financial advantages, including equity buildup, value appreciation potential, tax benefits and it is also an automatic savings plan. For all these reasons, we are dedicated to finding you the absolute best home to meet your needs.

You may also be considering a real estate purchase solely as an investment while your principal residence remains a significant portion of your asset base.  There are several options to consider for this type of purchase:

  • A property in need of renovation located in a desirable neighbourhood that you are able to renovate and sell for a profit.
  • Tear down a small existing home on a large and desirable lot in a good neighbourhood and build a new home
  • Purchase a home when the market is a buyer’s market, tenant the property, and sell it when the shift is to a seller’s market
  • Purchase a pre-construction condominiumin a high-demand building and area, then sell upon completion of the project or keep it as a rental property

To be able to take advantage of these types of opportunities requires skill, knowledge, financing and timing.  One strategy for building your wealth using real estate is investing in a house or condominium for the purpose of generating rental income. While you own the house someone else will be paying the mortgage and other expenses. One thing to keep in mind when purchasing an income property in Canada, a minimum down payment of 20 per cent is required. This rule does not apply when purchasing a home that contains one or more rental units and making one your principal residence. This may work very well in the right duplex or triplex.

Whether this is your first home or you are an investor with several properties, we understand the process!

Working with an experienced realtor is the best way to navigate through the buying process. Clients are always top of mind for new or exclusive listings, changes in industry standards that may affect a purchase, new mortgage rules and so much more.  We are passionate negotiators, pay meticulous attention to every detail and are proud on being ahead of the curve in every possible way  to ensure the purchase of your new home is enjoyable and an experience worth talking about!

The Home Buying Process:  A Basic Overview

Following is the 2017 Exclusive Guide to Home Buying which provides a general overview of basic essentials you need to understand in order to navigate today’s real estate market.  Finding and purchasing a home involves the general steps outlined in the guide. However, most homebuyers and real estate investors have unique financial, property and personal requirements that demand advice from a real estate advisor with specialized expertise. These include instances when you wish to purchase:

  • Home that is dependent on the sale of another property
  • Vacation home
  • Property located outside of Canada
  • Secondary or multiple investment property
  • First home

Your 2017 Exclusive Guide to Home Buying consists of the following chapters:

  1. Assessment of Your Needs
  2. Secure Financing
  3. Choosing The Right Real Estate Agent
  4. Conduct Your Home Search
  5. Submit Your Offer
  6. Negotiate Successfully
  7. Closing and Fees