The post Condominium in Toronto first appeared on Ahmed Amin Real Estate Broker.
]]>Originally condominium were built to make the living less expensive. More than one family can share the same ground by building multiple stories; neither of those families can afford living in this particular area in a house because of the land high price. But after sharing the ground & building price among them, the living there is not as expensive.
That old point of view changed to become in some situations the opposite, for example Condominiums Downtown Toronto is way much expensive than owning a large house not centrally located in the city. Actually condominium in Toronto become now more of a luxury style of living, the different amenities available to condo owner like Gem, sauna, swimming pool, party rooms, parking and shuttle bus to the nearest transit service, all that makes condo living a great experience.
One of the great privileges of owning condominium is that you don’t have to worry about maintenance. Living in House specially for first time home buyers might be challenging specially in case the owner is not much of a handy man, the condo corporation who built and managing your building are responsible of all maintenance that’s why a maintenance fees must be paid monthly as a share on those expenses
Legally condominium ownership is not owning apartment in building only but share in land, building and common elements provided by the condominium corporation that’s why some procedures required to make sure that you are buying a condominium not only in good shape but built and managed correctly.
One more very important factor regarding new home buildings is that the Ontario New Home Warranty Program known as ONHWP provide warranty to all new buildings under some conditions, the building must be newly constructed and not build on old foundations, mostly a brand new condo will be under warranty for minimum one year for first time occupation not with condo resale.
The post Condominium in Toronto first appeared on Ahmed Amin Real Estate Broker.
]]>The post Why Real Estate Agent in Toronto to represent me? first appeared on Ahmed Amin Real Estate Broker.
]]>Many buyers today still questioning why should they sign a real estate agent in Toronto to represent them during the trans action, mainly first time home buyers might still have doubts, i thought sharing some but not all of the positive points of having a Real Estate agent representing you as buyer.
The Real estate agent in Toronto is trained on many methods to achieve the correct price to the property you wish to buy.. those methods are more than any words anyone but a Realtor can say to convince your seller to reduce price. concepts based on economical statics, provincial acts and recent municipal rules besides the wide range date base each Real estate agent in Toronto is legible to search through. knowing the correct price to a property is half way to set the best bid.
the CMA or the Comparative Market Analysis is one of the best methods to get accurate market price, this analysis based on prices of similar property in the neighborhood with same conditions and fare adjustment to any slight difference between both houses to reach final price which is 99% accurate
even with extensive research to a neighborhood, services, schools, crime records, without expert Realtor you might put offer either higher or lower than market price so you lose in both way either paying more than you should or not getting the house you wanted because you underestimate market price
the economical statics and complete understanding current supply or demand for regions are very important as it shows a future values for real properties in that area, also The Real Estate market is strongly influenced with Zoning by laws, as you would like a house and the area is recently re-zoned to a different purpose as light industry zone or similar.
as a buyer, Real Estate agent is your best choice to get the home you are looking for, all agents are connected to database which allow them to get information regarding properties for sale at the same moment they become available in the market, you need to believe that good properties do not stay long time in the Market without buyer
The post Why Real Estate Agent in Toronto to represent me? first appeared on Ahmed Amin Real Estate Broker.
]]>