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Is mortgage pre-approval important for the buyers.

Sunday Oct 3rd, 2021

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This topic is often brought up on various online forums and opinions vary, from don’t bother it’s not worth the paper it’s written on to it’s a must and everything in between. Most home buyers are not lucky enough to be purchasing a property without financing and will need a mortgage. Let’s start with the basics. What is mortgage pre-approval. A mortgage pre-approval means the financial institution has qualified you for a certain amount of mortgage based... [read more]

Buy first or sell first

Wednesday Sep 15th, 2021

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Many people during their lifetime move from one property to another and if you are an owner quite often buying and selling around the same time is a necessity. The questions arise about what to do first, buy or sell as well as what everyone should know when planning on buying and selling at the same time. There are many factors that will influence this decision. Market condition. Typically, in real estate the markets are classified as sellers, balanced and buyers market. Sellers... [read more]

What is a den, or let’s talk about +1.

Saturday May 22nd, 2021

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When looking for your next condo you often see numbers such us 1+1, 2+1, 1+2 where the first number represents the number of bedrooms, and the second number represents a den. We have already discussed what is a bedroom and the alternative solutions often used in condos, now let’s talk about the dens. A den, or the number that comes after “+” as it turns out, and unlike other spaces in your house or a condo is not regulated by the Ontario Building Code and that is why we... [read more]

Selling a condo in GTA.

Sunday May 16th, 2021

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Selling a condo in GTA. If you want to sell a condo in GTA our first question would be if you must do so, as we have already pointed out in another blog we think the real estate in GTA will do very well over the long period of time, hence if you are able to financially, and want to be a landlord (many people buy a condo as their first property and then move into a freehold as their lifestyle changes) consider keeping your condo as long as it’s a good condo in a good building. If we... [read more]

Understanding The Reserve Fund & the Reserve Fund Study.

Friday Jan 1st, 2021

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In our previous blogs we have explained step by step process of buying resale condominiums, and deeper into the most important document associated with the purchase, the status certificate, in this blog we would like to take it even further and explain one of the most important aspects of the status certificate, the reserve fund study, in more details. What is a reserve fund. In the nutshell the reserve fund are money put aside every month for future repairs and replacements, it is... [read more]

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