Iris Li, B.A. Sales Representative Toronto Real Estate
REMAX Goldenway Realty Inc., Brokerage
1/.Toronto Condo and Condominium purchases should have a pre-approved mortgage commitment, with an agreed-upon five-year interest rate when you commit to your purchase of sale.
2/. Don't rely upon anything unless it is in writing. If you have any concerns,make sure you have your Toronto Condo concerns answered in writing.
3/ Be flexible on your closing date. Don't expect your new Toronto condominium to be finished on time.
4/. Don't purchase a Toronto condo with the expectation of being able to flip it on, or before closing, for profit.
5/. Do your homework. Compare the price per square foot for the new condo with Toronto Real Estate listing resale's in your area.
6/. Don't be pressured into making a decision. A lifetime Toronto real estate opportunity presents itself with every new condominium built.
7/. Buy what you can afford. Factor in all commuting costs, taxes. common area maintenance and closing costs.
8/. Make sure you know the area that you are buying. Visit it at night. Commute to and from the area of your Toronto Condo to test traffic patterns during rush hour.
9/. Research the history of your Toronto condominium builder. Rely on printed material rather than spoken material.
10/. Make sure your communications are via e-mail. E-mail is not legally binding because it can be altered, but at least both parties will have a written e-mail trail if a disagreement should arise. With this in mind your Toronto Condo purchase sould be a great success.
