Buying Real Estate
Experienced Professional Accredited Buyer’s Representative and Real Estate Agent in Toronto helping Buyers find their Dream Home - MLS Listings
Buying Real Estate
Experienced Professional Accredited Buyer’s Representative and Real Estate Agent in Toronto helping Buyers find their Dream Home - MLS Listings
First Time Buyers
Looking on MLS and Realtor.ca for a Condo or House? Why not work with a friendly experienced Real Estate Agent who has helped many First Time Buyers
First Time Buyers
Looking on MLS and Realtor.ca for a Condo or House? Why not work with a friendly experienced Real Estate Agent who has helped many First Time Buyers
A Broker Works for you
Closing Process
Your Real Estate Broker guides you step-by-step through the closing process and ensures that everything flows together smoothly
Code of Ethics
Your Real Estate Broker subscribes to a strict Code of Ethics and is expected to maintain a higher level of knowledge of the process of buying real estate
Negotiations
Your Real Estate Agent negotiates on your behalf to attain the best terms possible
Property Selection
Your Real Estate Broker assists you in the selection process by providing you a full list of properties that match your criteria and then providing objective info on each to help narrow down the choices
Q + A
Do I pay for my Real Estate Agent's fees?
Your Real Estate Broker gets paid by the Seller of the property. Buyer's typically do not pay any real estate commissions
Should I Buy or Rent?
Real Estate properties are investments that can be sold at a later date and often at a considerable return. When renting you are helping to pay off the Landlord's mortgage
What can I afford to spend?
Conrad Rygier can connect you with knowledgable Morgage Agents who can walk you through the mortgage process, and start the pre approval. What you can afford depends on:
- gross household income
- down payment
- mortgage interest rate
- current monthly expenses
Are there any additional costs or expenses?
The City of Toronto charges property tax based on the evaluated property value. Your mortgage agent can give you all the details.
Buying a Condo
Want to buy a condo in Toronto? Here is what you should know before contacting a real estate agent
Buying a Condo
Want to buy a condo in Toronto? Here is what you should know before contacting a real estate agent
Purchase Process
- Contact Conrad, who can help you connect with a mortgage agent to get pre-approved and to find out what you can afford to spend
- Inform Conrad of your budget and housing needs. With this info applicable listings will be provided and showings can commence
- Once the right property is found, an offer to purchase is written up, presented and negotiated. If accepted, any conditions need to be met and waived within the allotted time
- Prior to the closing date (date of possession), the Buyer's lawyer will review the agreement, check the status certificate, ensure the title is clear and all taxes and utilities are setup and paid
- On closing day the Buyer will pick up the keys at the lawyer's office
Q + A
Condo Age?
It is important to find out how old condo is. Will it need repairs soon? Pending future renovations should appear on the status certificate and will be reviewed by the Buyer's lawyer prior to closing
Condo Amenities?
New larger condos typically have modern recreational facilities for the enjoyment of its residents
- swimming pool
- gym/exercise room
- billiards
- running track
- basketball court
- party room
- library
- tennis court
Condo Security?
Many modern condos have 24 hour security, concierge, or video cameras. Some older buildings may not have these levels of security
Pets?
Each condo has its own rules and regulations. Companion animals are typically allowed, however there may be restrictions on quantity and size
Visitor Parking?
If you plan to have guests come to visit you, it is important to find out if the condo provides visitors parking. Some buildings have limited availability. Find out how many spots are reserved for guests, and what are the restrictions (time, size, etc)
Glossary of Terms
Condo Maintenance Fees
condo maintenance fees vary between buildings. They are calculated based upon the square footage of the suite and the operating costs of the condo (inc. amenities, maintenance of the property, security, etc)
Deposit
acts as a security and often accompanies an offer to purchase. Typically 5% of purchase price
Down Payment
the remaining balance of the purchase price (minus deposit and mortgage amount) i.e. personal savings
Home Inspection
is recommended when determining the condition of the property and relay any areas of concern. Typically costs between $350-$500
Insurance - Mortgage Loan
(optional) If a Buyer cannot afford to put down 20% of the purchase price. Premiums vary
Insurance - Property
mortgage lenders require the property be insured on closing
Insurance - Title
highly recommended to ensure that the property's title is free and clear on the date of possession. Contact your lawyer for full details
Land Registration Fees
upon closing there is a provincial charge based upon a percentage of the purchase price (1-2%)
Legal Fees and Disbursements
upon closing the lawyer fees are due. Contact your lawyer for full details. Typically costs $700-$1500
Lender Appraisal Fee
your mortgage lender may request to appraise the property. Costs typically $250-$350 (may be waived)
Status Certificate
The status certificate is a document prepared by the condo corporation which contains all info regarding the financial health of the corporation. This document is reviewed by the Buyer's lawyer before closing
Buying a House
Want to buy a house in Toronto? Here is what you should know before contacting a real estate agent
Buying a House
Want to buy a house in Toronto? Here is what you should know before contacting a real estate agent
Purchase Process
- Contact Conrad, who can help you connect with a mortgage agent to get pre-approved and to find out what you can afford to spend
- Inform Conrad of your budget and housing needs. With this info applicable listings will be provided and showings can commence
- Once the right property is found, an offer to purchase is written up, presented and negotiated. If accepted, any conditions need to be met and waived within the allotted time
- Prior to the closing date (date of possession), the Buyer's lawyer will review the agreement, ensure the title is clear and all taxes and utilities are setup and paid
- On closing day the Buyer will pick up the keys at the lawyer's office
Glossary of Terms
Deposit
acts as a security and often accompanies an offer to purchase. Typically 5% of purchase price
Determine Needs
Location is typically of utmost importance, especially for resale purposes. Current and future needs should be considered
- size
- # of bedrooms
- # of bathrooms
- parking
- rental potential
- renovations
- etc
Down Payment
the remaining balance of the purchase price (minus deposit and mortgage amount) i.e. personal savings
Home Inspection
is recommended when determining the condition of the property and relay any areas of concern. Typically costs between $350-$500
Insurance - Mortgage Loan
(optional) If a Buyer cannot afford to put down 20% of the purchase price. Premiums vary
Insurance - Property
mortgage lenders require the property be insured on closing
Insurance - Title
highly recommended to ensure that the property's title is free and clear on the date of possession. Contact your lawyer for full details
Land Registration Fees
upon closing there is a provincial charge based upon a percentage of the purchase price (1-2%)
Legal Fees and Disbursements
upon closing the lawyer fees are due. Contact your lawyer for full details. Typically costs $700-$1500
Lender Appraisal Fee
your mortgage lender may request to appraise the property. Costs typically $250-$350 (may be waived)
Experienced Buying Broker
Looking for a friendly, professional, experienced Real Estate Agent to help you buy a condo or house? Your search is over! Click to find out more
Experienced Buying Broker
Looking for a friendly, professional, experienced Real Estate Agent to help you buy a condo or house? Your search is over! Click to find out more
Mortgage Approval
Need help finding a mortgage? Click here to be connected with a professional mortgage professional who can assist you in getting amazing rates and terms
Mortgage Approval
Need help finding a mortgage? Click here to be connected with a professional mortgage professional who can assist you in getting amazing rates and terms
Conrad Rygier works with many great mortgage lenders to help his clients get amazing rates and services.
Financial Services Available
- Buying a house / condo / townhouse
- Refinancing
- Renewing
- Switches and Transfers
- Line of Credit
- Newcomer to Canada
- Home Equity/Equity Take-Outs
- Self-Employed
- Mortgage Portability
- Second Home