Toronto Loft Conversions

Toronto Loft Conversions

I know classic brick and beam lofts! From warehouses to factories to churches, Laurin will help you find your perfect new loft.

Modern Toronto Lofts

Modern Toronto Lofts

Not just converted lofts, I can help you find the latest cool and modern space. There are tons of new urban spaces across the city.

Unique Toronto Homes

Unique Toronto Homes

More than just lofts, I can also help you find that perfect house. From the latest architectural marvel to a piece of our Victorian past, the best and most creative spaces abound.

Condos in Toronto

Condos in Toronto

I started off selling mainly condos, helping first time buyers get a foothold in the Toronto real estate market. Now working with investors and helping empty nesters find that perfect luxury suite.

Toronto Real Estate

Toronto Real Estate

For all of your Toronto real estate needs, contact Laurin. I am dedicated to helping you find that perfect and unique new home to call your own.

 

Tag Archives: model suites

New Condo Buying

Like all markets, real estate experiences fluctuations in activity. One constant in the Greater Toronto Area though, is the growing number of condominium transactions.

Combining affordability with carefree living and the latest amenities, condominiums are attracting more buyers than ever before. In June 2010 for example, condominiums comprised nearly 33 per cent of all sales. By contrast, at the same time a year ago they comprised nearly 29 per cent of transactions.

While many buyers retain the services of a real estate professional when buying a resale condominium, some aren’t aware that it is equally important to consult a real estate agent when considering new construction developments as well.

When choosing a new condominium suite there are a number of variables of which you should be aware, and your real estate agent can guide help you steer clear of any potential pitfalls.

Your purchase agreement may for example, allow your builder to substitute the gleaming stainless appliances you expect with black or white alternatives. It goes without saying that finishing features may not be the same as those displayed in the presentation office but you should also be aware that even room sizes and ceiling heights can be altered to make model suites more attractive. Even parking facilities might not be what you expect.

While every agreement should, of course, be reviewed by your legal counsel, your real estate agent can help you identify features that are most important to you, so that your agreement provides for those specifics.

If your priority is a spectacular view, your real estate agent can advise on zoning in the surrounding area that could affect sightlines in future.

Given that Realtors have many contacts in the community, they might even be able to give you insight into current owners’ experiences with your chosen developer.

Using their access to RealNet, a database that includes 99 per cent of all developments greater than 15 units in size in the GTA, your real estate agent can also help you compare a developer’s value proposition to others currently available in the market.

While a provision to withdraw an offer does not apply to resale condominium transactions, the purchase of a new condo allows, through legislation, for a 10-day cooling off period in which you are entitled to rescind your offer should you decide to explore other options.

Given that many new condominium purchases involve buying into nothing more than a concept and that emotions are heightened when the majority of your financial resources are involved, it’s wise to have a real estate agent on your side who is familiar with the many variables and can safeguard your interests throughout the process.

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Contact the Jeffrey Team for more information  –  416-388-1960

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