TV Program Tips Nikhil 29

TV Program Tips

Canada is immigration based country. Here always immigrants come. They need residence.

I'm licensed realtor in Toronto, ON. My expertise is in Toronto, GTA and Ontario. 

For other provinces, we have friends to guide. 

Thank you, you introduced me. Let me add some more detail in my intro. 

New immigrants try to find realtor to help them. Now it's easy time due to IT.  

Now it's relatively easy to locate any professional. This easy access has some problems also with it. 

There are some scams. So you have to verify how one proves his words. 

Realtor.ca and RECO (Real Estate Council of Ontario) website is there, one can check the authenticity.

RECO is body which regulates realtors. All realtors are registered under RECO. If RECO suspends the license, realtor cannot work. 

To get a house to live; two factors are very important. Where (location) and balance between wish and reality. 

Buying a house has two components; down payment and mortgage. 

Bank looks into credit score, credit history, employment history, employment income.

If don't have PR then 15% is added on down payment.

On 20% down payment, no need to buy loan insurance. 

Less down payment increases monthly payment but benefit is that you can have some money in your possession. 

With high down payment bank give you more amortization period from 25 to 30 years. 

This option of low down payment is up to $1M property. For property above $1M down payment is 20%.

Entry cost for Condo is less. Easily affordable. 

Try to get in loop keeping in view the budget and affordability. 

How to make offer in bidding environment

What is irrevocable

Seller looks other conditions along with price

Inspection, mortgage, visits, clauses, conditions

There is a range of realtors and brokerages

You have to select the realtor who can fully understand your needs, requirements; not only focused on processing the transaction

Check realtor, how he is addressing you short-term and long-term options

Realtor should have broad vision

My advice in mortgage and legal matters will be an overview. We refer to experts for it.

Some big brokerages have massive advertisement but keep in mind you should receive personal and individual attention even there is some small set up. Understand your requirements. Spend more time and effort on your deal. 

You may have come across many business models. They started from small scale but with their hard work they proved and earned name. 

You focus on your benefit, not on the name of the company. No need to be victim of great boast, little host (unchi dukan phika pakwan).

You have to carefully move to look after your plan.

We work in Ontario. We're specialized in GTA Toronto real estate.

In this swift and fast market, it is more important that your finances are optimally invested. 

Freehold townhouse 700-900k price range but 15-30 offers 

Now expertise of Realtor matters; What is fair market value and our max. Realtor must guide

For $1M property if one pays $1.2M, it's not right

We are not there to compete the people

If we can close at 990k, that is our credit

We have to balance insanity with rationality

Realtor protects you from irrational over-pricing

Some market their cash-back marketing strategy

You can observe your benefit; if one is over spending 50k and giving back 5k, it's not worth

Get quality service and eventually you'll save more

You watch and encourage those realtors who serve and payback to community

We all pass through initial settling period and which type of issues new immigrants have to face. I serve especially those new comers

People who are buying 2nd, 3rd, 4th property, they know how to proceed

In offer which clauses and conditions are important

What risks are involved in unconditional offer