Platinum and VIP Pre-Construction Opportunities in GTA

Pre-Construction
We can connect you to the latest Platinum and VIP Pre-Construction Opportunities in GTA. Most of these projects are not open to public yet! But, you can apply from Alex Asadi that has Platinum or VIP access to those projects.

There are some advantages when you buy a condo in a pre-construction projects from the builder:
- You have chance to select or customize certain things like appliances, cabinetry, flooring, and ...
- You may save money by accepting the risk of delays or in extreme case, the building is not built.
- You have more time to save up for the deposit. You pay the builder a series of payments as a deposit.
- A condo apartment is normally more affordable that  a detached, a semi-detached, or even a townhouse.
- If it is an investment property (for rent), tenants normally prefer new built condos.

 And there are some disadvantages:
- You buy a condo based on floor plan. Finishes could be different from demonstrated model.
- You will pay rent from occupancy date, but the building is still under construction.
- There are number of fees to the builder at the time of closing that could be confusing.
- Pre-construction condos are subject to HST. If you are going to live in it, you might be legible for and HST rebate.

 There are more advantages when Ahmad helps you to buy a condo from the builder:
- Ahmad will help in negotiation of many things from upgrades to cap on your development closing cost.
- Having access to the Platinum and VIP stages, enables Ahmad to get you the best prices and floor plans available.
- Ahmad will assist you in choosing the best unit in a building based on your needs.
- Ahmad will assist you in submitting the worksheets and agreement of purchase and sate to the builder and all negotiations.

Under the Condo Act, purchase agreements for new or pre-construction condos purchased from developers are not binding on purchasers until developers provide purchasers with a copy of the current disclosure statement containing vital information about the future or existing condo property and corporation (e.g., corporation's first-year budget, the proposed or actual declaration, by-laws, and rules). As of January 1, 2021, in addition to the disclosure statement, developers must also provide a copy of Ontario’s Residential Condominium Buyers’ Guide (the applicable condominium guide) to the purchasers of new or pre-construction residential condos. The Guide was developed by the Condominium Authority of Ontario (CAO) and approved by the Minister of Government and Consumer Services. It includes up-to-date information on a variety of aspects of condo ownership, such as: • The condo purchasing process • Moving into a pre-construction residential condo unit • Condo living and governance • Resources for resolving issues with condo living

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    Contact Ahmad, your Realtor®.

    Locations:
    Toronto
    Richmond Hill
    Markham
    Thornhill
    Vaughan

     

    Languages:
    English, Farsi, Persian, فارسی

    Real Estate Transactions in Ontario: A Guide for Clients

    By: Ahmad Asadi, your Realtor

     

    Working with a Real Estate Agent

    • Advantages for Buyers and Sellers: Professional knowledge, market insights, property listing, marketing strategies, and guidance through the transaction process.
    • Buyers' Benefits: Identifying matching properties, arranging viewings, making competitive offers, understanding mortgage options, and connecting with other professionals.
    • Sellers' Benefits: Setting the right price, staging the property, and negotiating sale terms.
    • Regulation and Ethics: Agents in Ontario are regulated by RECO and adhere to a professional code of ethics.

    Risks of Self-Representation

    • Complex Market Navigation: Challenges in pricing, marketing, and negotiating without professional training.
    • Legal and Financial Risks: Increased risk of overlooking critical legal, financial, or regulatory aspects.
    • Lack of Resources and Objectivity: No access to MLS, industry networks, or objective professional advice.

    Signing a Contract with a Real Estate Brokerage

    • Understanding the Representation Agreement: Outlines duties, services, payment terms, and termination provisions. Click here to read more about Exclusive Agreements in Real Estate
    • Key Contract Elements: Duration, services provided, commission/fees, dual agency terms, confidentiality, and duty to client.
    • Importance of Clarity: Discuss concerns, understand rights and obligations, and consider legal advice if necessary.

    Understanding Multiple Representation

    • Dual Agency Situations: An agent or brokerage represents both buyer and seller.
    • Consent and Disclosure: Requirement for written consent and full disclosure of dual representation.
    • Limited Negotiation Role: The agent must provide balanced advice and not favor one party over the other.

    Download the file from here!