Real Estate Update

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Quite a lot of people now are opting to work with companies that can offer a quick property sale rather than putting their homes on the open market. This is mainly due to these people being in financial trouble such as being left with two mortgages to pay after a family member has passed away. These companies that offer a quick property sale can often seem like a knight in shining armour coming to help you out of a very nasty situation! Of course these companies do not offer or pay the full valuation price of the house, however after the estate agency fees and legal fees etc. that you would pay on the open market, there isn’t too much of a big difference in the amount of money that you would actually receive.

The little time that an arrangement like this takes makes it very appealing to people, particularly those in great financial constraints. The average house sale can take anything up to and beyond 15 weeks, whereas using a company like this can take as little as 15 days! Going through with a company like this and accepting their offer of a quick property sale for X amount also means that the proposed sale is then guaranteed as the company will never back out of the deal once it has been agreed. They will also make an offer to buy your property rather quickly too generally. Most of the time, once you have provided all of the relevant details the company will most likely make you an offer within 48 hours.

When you deal with one of these companies there is also no fear of any hidden charges and expenses that seem to crop up all over the place with a standard house sale. For instance, any legal fees that are incurred from the sale of your property are covered by the company in question and nothing will be taken from your profits of the sale. Also of course, the estate agency fees are not to be concerned with now as the company that you choose will usually deal directly with you with no need for an estate agency to ever be involved in the process. The valuation of your home carried out will also be paid for by the company, yet again saving you the burden of any extra costs involved in a simply quick property sale.

Several people need cash fast to pay off their mortgage arrears or repay their debts. A fast property sale might be just what they need to help them to do it. If you want to know how to make fast cash so that you can take control of your finances, then it may be time to think about using some of the equity in your home. Sometimes it’s difficult to get hold of the cash you need to pay off your creditors. Getting a loan means having one more person to repay. Even using low interest or no interest credit cards means something else to pay attention to and a big bill when the rates go up. Trying to pay off your debts this way will take a long time and will add to your stress.

However, a fast property sale offers a better way. As a homeowner, you are likely to have equity in your home which will repay the debts you owe and still leave some cash for you to spend. A fast property sale means that you can use that money to find a new place to live, whether you choose to buy our rent.

How do I get a fast house sale?

An open market sale through an estate agent will not give you a fast property sale. Most people sell their homes this way, but the process is anything but quick. It can take several months and you won’t know that the sale will go through until the contracts are signed. If you need to repay your debts, then you could do without the stress of waiting several months for money which might not arrive.

In addition, there’s the cost to think of. With an estate agent, you have to pay their fees, legal fees and valuation fees. While you’re waiting for the sale to complete, your debts could continue to mount up. Household bills, council tax and your mortgage will keep your finances unsettled. Who needs the worry and hassle of selling on the open market and hoping that the property chain won’t break? Not you, especially since there’s another way.

St Genix Fast House Buyers offers a fast property sale

Use St Genix Fast House Buyers for your fast property sale and you will get the cash you need fast. We are a fast cash buyer and we buy direct, offering a guaranteed sale. There’s no need for people to view your home. We will offer a fair price in cash after valuing your home. Once you are satisfied, we can complete the deal within four weeks or less, helping you become debt free fast.

If you have purchased or are thinking of purchasing a pre-construction condo in Toronto, then I’m sure you have plenty of questions. Here are a few common questions that I am asked by clients regarding purchasing pre construction real estate.

Q. Can I choose my parking spot and locker location?

A. If you have a disability or have a medical condition and need preferential parking then advice the sales rep at the time of purchase and they will try to accommodate you as much as possible. If you do not have a special requirement, then parking and lockers are assigned on a random basis.

Q. Do I need to purchase insurance for my condo unit?

A. The building insurance is provided by the condominium but owners must have insurance on their personal property, contents and any improvements that may have occurred that are above the standard finishing’s of the condo.

Q. How do I book the elevator for move in?

A. Contact the property management for booking the elevator. Many times, owners will have access to an Intranet where they can book items such as the elevator or party room, obtain parking passes, etc.

Q. What does interim occupancy mean?

A. Many people don’t know this but when you buy pre construction, there is a period of time where you may have to pay a fee called an “occupany fee” to the builder. This monthly fee is paid to the builder until the building registers with the Land Registry Office. You are able to occupy the unit during this period but technically do not own it yet, until the date of closing.  This fee can be compared to rent as it does not go towards your mortgage and is based on the unpaid balance of the purchase price, estimated land taxes and estimated common expenses (maintenance fees).

Q. Are the Builder Agreement of Purchase and Sale documents standard?

A.  No, every builder has their own agreement which was prepared by their lawyer so it’s important to have your lawyer fully review the document. Make sure all details are in writing and never rely on verbal agreements.

Q. If I sign an Agreement of Purchase and Sale for a pre construction condo can I change my mind?

A. After signing the Agreement of Purchase and Sale, you have a 10 day cooling off period (don’t confuse this with buying resale real estate, this is only for pre construction). During this time, have your lawyer review the documents and obtain the necessary financial confirmation that you need. If you decide with in the 10 days that you do not want the unit anymore, you are able to cancel the agreement and get your deposit back – but this must all be in writing. Once the 10 days passes, you are bound to the agreement of purchase and sale.

Q. Can the condo builder or myself ever terminate the agreement of purchase and sale once it has been agreed to and the ten days has passed?

A. Once and agreement of purchase and sale has been signed, the price of the unit agreed to freezes. If however the agreement includes an “economic liability” date and a certain percentage of sales has not been achieved by a certain date, then the developer can cancel the condo project.

Q. When can a builder start construction on the new condo project?

A. It maybe months or even years before the builder can begin construction, depending on when you signed the agreement of purchase and sale. Before the builder is able to start construction, there must be a certain percentage of binding sales agreements so construction really depends on how quickly the project sells. A lot of the time, the estimated occupancy date set out by the builder at the beginning of the project is a very optimistic timeline.

Many people decide to sell their homes every year for a variety of reasons. Sometimes you may be looking for something else in a home, want to find a cheaper home, or even to relocate to another area. You may find yourself in this situation at one time or another in your life and when you do it may be useful to hire a real estate agent.

The profession of a real estate agent entails helping individuals both buy and sell real estate. The real estate agents skills include getting meetings set up to discuss negotiations, setting up the open houses for viewing and showing, contacting the accountants and lawyers working on the transaction, and finalizing the sale and everything that it entailed there. The Los Angeles area has many professional real estate agents who are very good at their jobs. In order to get the best service and the smoothest transaction it can be a bit easier to find an agent who will do all of the services you will need during the home selling and buying process.

The Los Angeles real estate agents are the same as agents from any other cities. A good agent will be familiar with the area and know the properties and areas as well. Using a local real estate agent gives you this benefit because you know they are experienced with the area and familiar with the conditions of the real estate market.

You should keep a few things in mind when you are looking for the right real estate agent in Los Angeles. You will want to look at how experienced the agent is working in the market and what types of services these real estate agents offer to people. Not all of the real estate agents work in the same manner and give the same services to their customers. Using the right real estate agent can dictate whether or not the home gets sold and for how much it ends up getting sold.

One of the major considerations you should be looking for when you decide which agent to use is whether or not they are duel agents and work with buying and selling both. A duel real estate agent will help you by putting your home up for sale and help potential buyers who are possibly considering buying your home. You might get a larger number of buyers interested in your home if you use a duel agent who can handle all aspects of the transaction; it is possible that interest may be spiked.

The best chances of a real estate agent being successful are if they participate in using an MLS Marketing Service. This acronym stands for a multiple listing service and these can be operated by many different municipalities whether they are towns, cities, or counties. These MLS can allow the homes to be all listed in the same spot for easy viewing by possible buyers. Your home will be most likely to get sold if it is used with a real estate agent that uses an MLS.

Choosing the right real estate agent can also determine how much the home ends up selling for as opposed to if you listed it yourself. When you decide to choose a real estate agent ask them why they are listing your home for the price and how the number was determined. An appraiser is often used to check the fair market value of the home to determine how much the home is worth being sold for.

Checking the Los Angeles real estate agents will provide you with the best possible agents for the job. They are one of the most important pieces of the puzzle that dictates your home sale price.

One of the things that people overlook when purchasing a condo in Toronto is whether their beloved pet will be allowed to accompany them to their new home. With more and more people choosing the condo lifestyle in Toronto, it can sometimes be very difficult to find a building that will accommodate your pet which in turn makes your condo search a more challenging and more frustrating task. 

Many buyers are under the impression that condo policies on pets can be taken lightly because after all you do own the unit, why shouldn’t you be allowed to bring your pet? Unless you want a lawsuit on your hands, abide by the condo corporations rules.  To date, there have been many legal battles concerning the pets in condos; therefore it is best to do your research and due diligence prior to purchasing a condo in Toronto if you plan on moving with your pet.

Many condo buildings have rules and regulations that do not allow pets at all or have put restrictions on the size of your pet. Here’s what you can do to ensure you pet can move along with you:

Ask your real estate sales representative to only show you units where pets are permitted. Once you’ve chosen the condo you would like to reside in and you’ve decided to put in an offer, make sure that your real estate sales representative makes the offer conditional on your lawyer’s review of the status certificate. A portion of this document deals specifically with the pet rules and regulations in the condo building, outlining the number, size and type of pets. Even if pets are permitted, any animal that is considered to be a nuisance or dangerous to the health, safety or welfare of the community is prohibited.

If you are interested in knowing which condo buildings in Toronto are pet friendly or if you have a particular building in mind but are not sure about whether your pet is permitted, please feel free to contact us and we will let you know!