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Here’s how we’ll guide you through an educated investment:
Our initial consultation is really a chance for you to interview us. It’s a 1-2 hour no obligation meeting where we’ll discuss your needs and wants, and see if we’re compatible. Bring your laundry list of questions and we’ll walk you through the process of successfully investing in Toronto.
#2 Securing Your Pre-Approval
Do you know how much house you can afford? Before we start the property search, you’ll need to get pre-approved for a mortgage and find out. If you aren’t already connected with a mortgage specialist, we can recommend one for you. They’ll review your income, credit, debts, and goals with you to set a budget and determine your pre-approval amount.
#3 What’s On Your Wish List?
Want a home for yourself that has an income suite? Thinking about a fixer-upper to flip? Or are you not quite sure what your next investment property looks like? We’ll narrow in your needs and wants, discuss the different types of Toronto real estate, and see where the market is at to determine what kind of property is best for you.
#4 Finding the Right Home
Now, the search begins! We’ll set you up to receive customized listings from the MLS based on your criteria, which can be as specific or as open-ended as you’d like. Toronto real estate has a high turnover rate, but we’ll keep on top of it day and night to ensure you see the latest listings as soon as they hit the market.
#5 Analyzing the Property
We love analyzing properties and have a lot of experience doing so. At every property showing, we’ll help you see beyond the aesthetics of the home and understand the potential that lies underneath. We don’t expect you to just look and buy–we want you to ask us every difficult question you have about the property so that we can answer it with coherence.
#6 Negotiations and Closing
This is it, you’ve found the right property and it’s time to make a strong offer. What we do next will depend on whether or not there’s an offer deadline, what the seller’s motivations are, if there’s a pre-listing home inspection available for review, and what the property is really worth. We’ll follow the strongest strategy and negotiate the best price, terms, and conditions on your behalf.
#7 Post-Purchase and Beyond
Congrats, you’ve purchased an investment property! Not only have you taken the next step on the real estate ladder, you’ve gained an education in real estate investment and can grow your portfolio with confidence. We’ll provide you with a checklist to make sure you continue the process with ease, and remember: we’re always just a call, text, or email away to give you a hand when you need it!