?> Condominium - Ahmed Amin Real Estate Broker https://ahmedamin.ca Wed, 11 May 2011 04:34:50 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 Buying condominiums in Toronto part “3” https://ahmedamin.ca/buying-condominiums-in-toronto-part-3/?utm_source=rss&utm_medium=rss&utm_campaign=buying-condominiums-in-toronto-part-3 https://ahmedamin.ca/buying-condominiums-in-toronto-part-3/#comments Wed, 11 May 2011 04:34:50 +0000 http://ahmedamin.ca/?p=90 Buying condominiums in Toronto You did your research, exhausted your resources, chose a very good Toronto real Estate agent & studied all factors required to be considered before buying condominium in Toronto mentioned ( in part 1 & 2 of this article) under basic & details factors; it is time for the most important step in the entire process of buying your new home. Drafting offer of Purchase and sale. Your Toronto Real Estate agent will help you putting that offer, filling the details and setting the price and proper conditions to protect your rights, it is very important to understand every detail; condition and obligation set in that contract, if the offer was accepted by the seller and all conditions were waved. The offer will become binding contract and lawfully both buyer and seller are committed to that contract. The inclusions of purchase and sale offer must be clear with absolutely no space for confusion or misunderstanding. Set of conditions must be included in that offer to protect the buyer rights; you don’t have to worry about those conditions as this is the work of your Toronto Real Estate agent. Any Real estate agent in Toronto knows that setting the price in purchase and sale agreement is their top duties at this stage. They don’t want to upset their clients after they found the perfect home. There are many methods that realtors in Toronto are trained by which they can get accurate results in regard to the market price of the property. many buyers believes that they can set the price without any help of their real estate agent, they will be considering listing prices for similar condos specially condominiums downtown Toronto. However real estate agent in Toronto has access to actual selling prices not the listing ones.

The post Buying condominiums in Toronto part “3” first appeared on Ahmed Amin Real Estate Broker.

]]> Buying condominiums in Toronto

You did your research, exhausted your resources, chose a very good Toronto real Estate agent & studied all factors required to be considered before buying condominium in Toronto mentioned ( in part 1 & 2 of this article) under basic & details factors; it is time for the most important step in the entire process of buying your new home. Drafting offer of Purchase and sale.

Your Toronto Real Estate agent will help you putting that offer, filling the details and setting the price and proper conditions to protect your rights, it is very important to understand every detail; condition and obligation set in that contract, if the offer was accepted by the seller and all conditions were waved. The offer will become binding contract and lawfully both buyer and seller are committed to that contract.

The inclusions of purchase and sale offer must be clear with absolutely no space for confusion or misunderstanding. Set of conditions must be included in that offer to protect the buyer rights; you don’t have to worry about those conditions as this is the work of your Toronto Real Estate agent.

Any Real estate agent in Toronto knows that setting the price in purchase and sale agreement is their top duties at this stage. They don’t want to upset their clients after they found the perfect home. There are many methods that realtors in Toronto are trained by which they can get accurate results in regard to the market price of the property.

many buyers believes that they can set the price without any help of their real estate agent, they will be considering listing prices for similar condos specially condominiums downtown Toronto. However real estate agent in Toronto has access to actual selling prices not the listing ones.

The post Buying condominiums in Toronto part “3” first appeared on Ahmed Amin Real Estate Broker.

]]> https://ahmedamin.ca/buying-condominiums-in-toronto-part-3/feed/ 2 Buying condominium in Toronto Part “1” https://ahmedamin.ca/buying-a-condominium-in-toronto-and-gta-area/?utm_source=rss&utm_medium=rss&utm_campaign=buying-a-condominium-in-toronto-and-gta-area Wed, 06 Apr 2011 17:49:28 +0000 http://ahmedamin.ca/?p=34 What should you know before buying condominium in Toronto There are main six factors you must study and consider each of them carefully before buying residential property as condominium in Toronto or surrounding area especially condominiums downtown Toronto . Three Basic Factors and Three Detailed Factors, if the basic factors are fine with you, only then give your self time to review and research the detailed factors because they will take time and most probably you will need legal help in reviewing some of them. Basic factors to consider: – Location and accessibility of the building your first impression will be how the building look like, where it is located, is it centrally located, near to grocery shop or school, accessible by public transit or only car is your gate out ..etc – What are the building amenities and common elements Each condominium building offer various of amenities like Gem, swimming pool, ..etc, mainly the value of the condominiums in Toronto is effected by those amenities positively, in other words the more amenities in the building the more value you are looking at. however Real Estate Agent in Toronto point of view is very important here as in some cases more amenities can effect the value negatively, as in the case of small size condominium building with swimming pool, the maintenance fees of such building will be very high, and will be increasing significantly because of the cost of maintaining the pool usually very high and divided on small number of units – The Layout of the condominium The layout of the condo is referring to interior structure, the amenities inside your apartments, the view and the level might be great factor for price negotiating those days that’s why water front condominiums or condominiums downtown Toronto are priced higher than similar without view, Real Estate Agent in Toronto will help you to see things might not be noticeable, this is his work. Home inspector report usually obtained for older condos as part of the conditions while submitting an offer. The bottom of the line is; do you like the condo or not? If the answer is yes I like what I see, happy with location and amenities you have to research the next three factors

The post Buying condominium in Toronto Part “1” first appeared on Ahmed Amin Real Estate Broker.

]]> What should you know before buying condominium in Toronto

There are main six factors you must study and consider each of them carefully before buying residential property as condominium in Toronto or surrounding area especially condominiums downtown Toronto . Three Basic Factors and Three Detailed Factors, if the basic factors are fine with you, only then give your self time to review and research the detailed factors because they will take time and most probably you will need legal help in reviewing some of them.

Basic factors to consider:

– Location and accessibility of the building

your first impression will be how the building look like, where it is located, is it centrally located, near to grocery shop or school, accessible by public transit or only car is your gate out ..etc

– What are the building amenities and common elements

Each condominium building offer various of amenities like Gem, swimming pool, ..etc, mainly the value of the condominiums in Toronto is effected by those amenities positively, in other words the more amenities in the building the more value you are looking at. however Real Estate Agent in Toronto point of view is very important here as in some cases more amenities can effect the value negatively, as in the case of small size condominium building with swimming pool, the maintenance fees of such building will be very high, and will be increasing significantly because of the cost of maintaining the pool usually very high and divided on small number of units

– The Layout of the condominium

The layout of the condo is referring to interior structure, the amenities inside your apartments, the view and the level might be great factor for price negotiating those days that’s why water front condominiums or condominiums downtown Toronto are priced higher than similar without view, Real Estate Agent in Toronto will help you to see things might not be noticeable, this is his work. Home inspector report usually obtained for older condos as part of the conditions while submitting an offer. The bottom of the line is; do you like the condo or not?

If the answer is yes I like what I see, happy with location and amenities you have to research the next three factors

The post Buying condominium in Toronto Part “1” first appeared on Ahmed Amin Real Estate Broker.

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