About the Home Buying Process Avenue Realty understands that purchasing real estate is a significant occurrence in an individual’s or family’s life that has lasting effects both on their lifestyle and financial situation. Because of this, we have a protective approach that ensures our clients are set up for lifelong financial success in buying real estate and owning properties. We are always mindful of the impact that our buyers’ decisions will have on the options available to them in the future.
Through a comprehensive array of services, our buyers will always experience the discreet, conscientious attention as they search for their perfect property. Avenue Realty will confidently lead the pursuit of the ideal property in a meaningful, personalized, and accessible manner.
We seek to empower buyers to make educated real estate decisions that will maximize their lifestyle benefits. We achieve this through providing clients:
A portfolio can be as small as two properties, and as expansive as hundreds of properties. Regardless of size, the ability to make the right decisions requires having the right people and information behind you.
Whether you’re looking to expand one investment at a time or take a more aggressive approach, we can help you ensure long-term benefits with ongoing analysis and scrutiny of the following as they relate to your portfolio needs:
How Does a Real Estate Agency Work?
In Ontario, the real estate profession is governed by the Real Estate and Business Brokers Act, 2002, and Associated Regulations (REBBA 2002 or Act), administered by the Real Estate Council of Ontario (RECO). Avenue Realty Team is registered under the Act and governed by its provisions.
It is not possible to estimate exactly what closing costs will be because no two transactions are identical. Other factors, such as adjustments, will also impact the final closing costs. However, we can provide some general guidelines. In most cases, the exact costs will not be available until a couple of days prior to the actual closing due to adjustments, but a lawyer can provide an estimate.
Most lenders will require that buyers show proof that they have 1.5% of the purchase price available for closing costs. In reality, 1.75%-2% is a better estimate when calculating closing costs. Because Land Transfer Tax is the largest portion of closing costs and is totally dependent on the purchase price, as the price increases, closing costs will increase dramatically. A sales representative will help you plan accordingly.
Starting at approximately $400
Paid to the inspector during the conditional period of the transaction which is typically the week after you actually negotiate the purchase.
The cost of the inspection varies depending on several factors including square footage, age of home, etc. A sales representative will be able to give you an accurate estimate of the cost of the home inspection and any ancillary inspections.
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