Vaughan condos . Instructions for buying a house in Toronto. Do not understand the details related to buying a house in Toronto, or a little knowledge, hearsay, can not do a clear idea, prevention.
Every time I meet such a buyer, I will ask him to meet, explain in detail, and understand each other’s needs in detail, trying to make the other party have a comprehensive understanding of the process of buying a house in the future, and let himself have an understanding of the other party, just as the doctor does to the patient. through “hope, smell and inquiry”, we can accurately help the guests by knowing the symptoms of the guests.
For guests, it is a good opportunity to learn real estate knowledge, and targeted, this knowledge is very useful to protect their own vital interests, guests will be very welcome.
In this first meeting, I will not go to see the house, but will explain the whole process of buying a house, so that the guests will have some understanding of each link and remind them of the matters that they should pay attention to.
For example, whether the benefits of pre-approval of mortgages have been made, what are the legal differences between the two relationships between real estate agents and customers, what are the advantages and disadvantages of dual agents, and how should customers protect themselves? When robbing “Offer”, how to judge whether the other party has a “stooge”, or whether it is a “shadow Offer”, and how guests should protect themselves at this time, and so on.
After talking about the relationship between brokers and customers, we will talk about the process of buying a house. What is “Offer”? What are the elements of offer? What is the impact of each element on offer? What is the influence of price, delivery date and conditions on each other? How to judge whether the price of the house is reasonable? What are the ways to judge the value of a house? How to use negotiation skills? What should be paid attention to when talking about the delivery period? Do lawyers have enough time to work?
What should be paid attention to for the electrical appliances and other things attached to the house? How should the terms and conditions be made for the guarantee of its quality? What do you think of the auction house? How to determine the terms and conditions of house inspection? When will the house be inspected? Before or after signing offer? What are you looking at at the house inspection? What should buyers pay attention to during house inspection? Whether the loan terms should be written into offer? How to choose words and sentences? What is the importance of signing? Is it necessary for husband and wife to sign together? What kind of legal disputes will there be? Of course, we will also talk about school districts, communities, development planning, language composition, genius classes, IB courses, AP courses. I will also talk about the types of houses, current prices, trends, and the pros and cons of uncompleted flats. Knowing this, guests may be more objective and sober to their own needs, and brokers can help guests better, so that guests can buy satisfactory homes.
When receiving newly landed friends, they found that they did not know much about the process, procedures and required documents of buying a house in Toronto. Here is a brief introduction in the hope that new friends will come with good knowledge and preparation.
1, the preparation of the house payment.
Since new immigrant friends do not work in Canada or have worked for less than a year, banks or credit institutions usually lend only 65% of the housing loan. For example, if you bring a house of 100000 Canadian dollars, you can only buy a house of about 290000 at most. Depending on the location, 290000 can buy buildings ranging from 1 room to 2: 1, but if you want to buy a town house, or a separate house, the conditions are general and the age of the house is older. It is recommended that before buying a house, first find a bank, or loan broker to do a good loan pre-approval. This is a big advantage in later negotiations.
2, choose a room.
Since you are new here, you may not have a comprehensive understanding of Toronto, so it is recommended to find a broker and a professional agent to choose a school and house according to your situation. The broker can show you several different properties at a time, saving you time and energy. And time is precious to friends who first log in.
3, negotiate the price and sign the contract.
This step needs the help of the broker even more. The broker can tell you what price to pay under what circumstances, what kind of contract to prepare for you, how to use the terms and conditions of the contract in exchange for your greater interests, how to protect your interests in negotiations, and how to help you when you are right.
It is the basic duty of a broker to safeguard your interests.
4, go through the loan formalities, check the room, and find a lawyer.
For new houses in Ontario, many builders have a 5-7-year maintenance plan. Please check the room, for the purchase of second-hand housing is a guarantee, usually the cost ranges from 250 to 350. In addition, bring a good contract, find a bank loan institution to deal with loans, find a lawyer for property rights search, property rights transfer, access to co-management property certificates, calculate the land tax payable, management fees, electricity fees and other fees.
5, pay the down payment and get the key.
One or two days before the delivery day, go to the bank to open the cashier’s note, hand it to your lawyer and sign the relevant documents. The buyer can usually get the key from the entrusted lawyer before 6: 00 p. M. on the delivery day. The independent house is simpler, the building should go to the management office to activate the access card, garage remote control, and go through the registration formalities.
6. Give good luck. On the day of repossession, if you find any damage such as electrical appliances or any discrepancies between the items listed in the purchase contract and those listed in the purchase contract, contact the broker or lawyer in time to negotiate and solve the problem.