Toronto is a city filled with thriving neighbourhoods, and exciting housing options. For buyers looking for a special condo a stunning loft or a unique home, a cool space to re-invent for themselves, my one goal is to find it. I believe people shouldn’t settle. It’s important to love where you live and feel you own a home that fits your personality. After all, it’s the place where stories are born.
My approach to finding that one perfect home focuses on each client’s stated objectives, carefully finding comparative properties and skillfully negotiating the best possible price in a stress free non-realtor-stereotype fresh environment.
The complexity of purchasing a property in Toronto can be overwhelming. Technology and free factual information keeps my business transparent, authentic and honest. What I offer is really simple: service to my clients above all else. The best way to explain what the buying experience is like is to show you.
I have a great deal of experience in many neighbourhoods across our city. Whether its High Park, Bloor West Village, The Junction, Roncesvalles, Parkdale, Queen West, King West, Liberty Village, Little Italy, The Annex, Yorkville or Riverdale, my goal is the same: service to my clients above all else while finding your dream home.
LET’S GET STARTED!
1) Mortgage Pre-Approval
How can you be expected to know what to look for before you know how much you can afford?
Getting pre-approved for a mortgage is absolutely, positively the first step in the process of buying your first home.
Whether you use a mortgage broker or a bank, get a pre-approval done ahead of time, and you won’t be scrambling to get financing when you find your “dream home.” And what if you find that dream home and then you can’t get enough financing to purchase it? Avoid disappointment and surprises by getting pre-approved first.
The interest rate you receive with your pre-approval can be held for 120 days, so if rates increase, you’re protected!
During the mortgage pre-approval step, you’ll also be expected to determine your down payment.
2) Find a Good Agent
No need to say more. You’re here and you have found me.
3) Finances & Budget
This ties directly into the section above on mortgages:
- How much can you afford to pay into your mortgage per month?
- What will your closing costs be? Land transfer, lawyer fees etc — these costs are all out of pocket.
- What is your minimum monthly carrying cost? This includes your mortgage payment, property taxes, and maintenance (fees on a condo, upkeep on a house, etc).
- What is your take-home pay from your job and how much can you comfortably spend on your mortgage and subsequent carrying costs?
- How much do you spend on your car (insurance, gas, maintenance), cell phone, gym membership, sporting leagues or social clubs, hobbies and activities, groceries, clothing, entertainment?
Take out a blank piece of paper, and brainstorm all the costs you might incur during a given month and make a budget.
Educate yourself. Familiarize yourself with the neighbourhoods you’re interested in, the taxes and school districts, how the schools are ranked.
This ties directly into your budget and mortgage, since you might be limited in both the location and type of property depending on what you can afford.
Little Italy, Queen West, King West, Liberty Village, CityPlace, St. Lawrence Market, Harbourfront, Entertainment District, Leslieville, The Beaches, Bloor West Village….Where do you want to call “home?”
5) Property Type
Now we really get into specifics!
If it’s a house you’re looking for, is it a Victorian or Edwardian style? Aa detached, semi-detached or row house? Or maybe a townhome or a fixer upper?
If it’s a condo, do you want a loft or an apartment? Is that a hard loft conversion or a new soft loft? Do you need a 1-bedroom, a 1-bedroom-plus-den, or a 2-bedroom unit? Do you want to live in a high-rise with clear city views or a low-rise with quick access to the street? Condos come in all shapes and sizes, so think of the condos you’ve seen while visiting family & friends, and come up with a picture in your head. Maybe even try to quantify that picture with a sketch of a layout or a list of ideas that appeals to you.
6) Features & Amenities
This is about as specific as we get, since now we’re analyzing the actual condominium unit or interior of the house itself. You might want it all but perhaps you can’t afford it, or you could trade some features off for others. Do you really need granite counters in your kitchen? Do you need parking? Do you need outdoor space, patio, yard? You might want a 3-bedroom house in Queen West, but can you make do with a 2-bedroom?
Make a list of all the features & finishes you’d like in your house or condo, and try assigning a value to it.
LET’S GET STARTED!
Contact Clive for a free evaluation of your home.