NEW
GRADUATES
A student or graduate are eligible to buy property if they are over the age of 18 years. All they need are the basic requirements like everyone else.
NEW TO
CANADA
New immigrants and those who are relocating back to Canada can also invest in real estate as long as they can afford it, and meet the requirements.
RENT TO
OWNING
You may be presently renting and would love to upgrade to become an home owner. This is the story of most people and its normal.
WE CAN CONNECT YOU WITH TRUSTED AND EXPERIENCED SERVICE PROVIDERS
things to know
Real estate investment helps to build equity and wealth. A good parameter to note when starting this journey is to first consider affordability. Buyers need to know what they can afford, and this may be based on the location, and size of the property. The property price is not the same for a detached home compared to a townhouse. Here are some helpful information below.
A Buyer is someone who purchases a real estate property. Real estate properties are different from other products. In real estate a buyer may not be new to the product. They may have leased it previously or presently. The Buyer can be an individual, a couple, a partnership, or company. Not all prospective buyers are qualified. It’s important to have an informed and qualified Buyer.
A Seller is someone who owns the real estate and willing to put it on the market for sale. The seller or sellers must own the property or have the legal permission to sell the residential or commercial property. A seller may also be selling a business that may not include ownership of the property. The property may be leased and such will be reflected int he price.
A contract in real estate is not 100% the same as an agreement, even though they have a lot of similarities. In general, a contract is legally enforceable and does not have to be written, but in real estate, it has to be in writing to be enforceable. Contracts respects and protects the rights and duties of all parties to the contract. These often involve the exchange of products, services, money, and other forms of promises. A real estate contract can be between a buyer and seller, or a tenant and landlord. All parties must sign the agreement documents.
There are several monetary factors and requirements in real estate. Some of the financial commitments include loans, down-payment, deposit, realty fees, inspection fees, disbursement, legal fees, agents commission, property tax, land transfer tax, and much more. Also there are different mortgage and financing types and approval may depend on several factors.
Mortgage refinancing is a process of taking out a new loan to pay off one or more outstanding loans. Borrowers usually refinance in order to receive lower interest rates or to otherwise reduce their repayment amount. This can be a good or bad idea, depending on your motivation and goals.
A mortgage is a type of loan from a bank or private lender often used to buy a home or other residential or commercial property. A mortgage allows the lender to take possession of the property if you don’t repay the loan on time. When you take out a mortgage, you make a promise to repay the loan.
A pre-approval is a preliminary evaluation of a potential property buyer by a lender to determine whether they are qualified to be granted loan. Pre-approvals are generated through relationships with credit bureaus which facilitate pre-approval analysis through soft inquiries.
Start applying for jobs before you arrive in Canada and Pre-Arrange your Airport Pick-up. If you own a business, ask questions on our best to continue running same or similar business.
- Important documents in a small handbag, snacks, drinks, power bank, universal adaptors, phone charger, laptop charger, tablets.
- You may want to scan all your certificates, and other confidential documents to keep a copy in your emails or hard drive as a backup.
- You can wear a sweater with thick clothings underneath if arriving between November and April. You can buy a proper jacket and gloves upon arrival in Canada.
- You should bring some clothes, shoes, makeup, body wash, underwear, a few toys, jewelry, etc.
- You should get an hotel, AirBnb or rental before you arrive. Also arrange your Airport pick up Vehicle before you arrive.
- Your medications or any important medications you already have. Keep such in your main suitcases.
- You can bring ethnic foods like stock fish, melon, fufu, garri dried fish, etc.
- If bringing cooking oils, ensure they are well sealed to avoid leaks to your documents.
- You may want to brink your clippers, personal stuffs, hair products like wigs and other women stuffs may be expensive and rare to find varieties.
- Some babies may need time to adjust to available baby foods in Canada. You may bring a few or search for similar foods in ethnic community stores.
- Some Dairy products are often restricted, same with chicken, meat, turkey, etc.
OUR SERVICES
helpful tips
Selling a property is not same as selling any other product. It’s important to have a good understanding of the market, and getting the price right. A Realtor can be helpful to getting it all right. It’s not just about the price, but negotiations, inspection, marketing. It can be an issue if the price is over inflated, or if the home is not looking presentable. While potential Buyers may be willing to make a purchase, they will ignore properties that don’t fit within what they expect. The key objective is to get an offer. Below are a few helpful tips.
HIRE A REALTOR
Over 90 percent of home sales involve a real estate agent. In many cases, hiring a real estate agent is absolutely in the best interests of home owner, and property purchaser, as long as they are committed to the clients. It will help in avoiding mistakes and get alerted if any red-flags.
CLEAN UP
The property shouldn’t only be cleaned, but all repairs should be addressed early. If any defects, then it will be wise to provide such disclosures. The Buyers will most likely get a professional home inspector involved. Cracks, rot, stains in the house may be an issue to the buyers.
STAGE
Home repairs and renovations is not the same as staging a home for sale. This is applying focus on the presentation and appearance of a property to make it look more appealing and thereby sell quicker and for more money. This does not have to be expensive but it must enhance the sale.
SET PRICE
Property price is not the same as the cost of the property. A lot must be considered to accurately set an amount. The square footage, sale history, defects, number of bedrooms, age, upgrades, parking space, taxes, , location and the condition. All these are considered by a Realtor in evaluating the market value of the property.
DOCUMENTATION
Paper work before and after sale are very important and each has its own objective. A Realtor can be helpful to get this done properly. Title deed, Schedules, Purchase Agreement, Conditions, Amendments, Sellers disclosures, Warranty, Waivers, and a few more. These documents are there to protect all parties, and the property.
CLOSING
After an offer is received, negotiated and accepted, a few legal procedures and documentation follows. Inspection and ensuring the property is in a clean and vacant state is important. The property must be protected until delivered to the new purchaser. Deposit will be received earlier and the full amount will be paid on the completion date.
buying a property is good but these are
the IMPORTANT THINGS TO THINK ABOUT
with the objective of getting a stress free
cost effective outcome
- Keep a good credit for many years.
- Your Lifestyle and family size matters.
- The wish list versus reality check list.
- You may need to change your kids school.
- What Type Of Property Will Meet Your Needs.
- How will moving affect your insurance, transit, etc.
- Will you need to sell a property before buying another.
- Do not panic, but a small mistake can have financial consequences, and why a good realtor will be helpful.
