How To Buy Your First Home | Trinity Real Estate Consultants Blog

Wednesday, May 29, 2024   /   by Matthew Daniel Tamburello

HomeSellers, HomeBuyers & Investors: The Most Affordable Neighbourhoods in the Greater Toronto Area!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
While living in Toronto and the Greater Toronto Area (GTA) can be amazing, it is certainly not cheap and it comes at a price, an extremely high price. This is true if you are renting a home or buying a home. The average monthly rent for a one-bedroom apartment in the city of Toronto as of February 2019, is $2,270 CAD. The average rent for a two-bedroom in the City of Toronto is $2,850 CAD. While the average home price for a home in the Greater Toronto Area depending on where you are could range from $804,508 to $1.01 million for a detached home.
The City of Toronto has the highest average rent in Canada for a one-bedroom apartment, and Vancouver has the second highest rent in Canada at $2,080 for a one-bedroom apartment and $2,850 CAD for a two-bedroom apartment. However, this does not mean that there aren’t affordable neighbourhood. ...

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Monday, May 1, 2023   /   by Matthew Daniel Tamburello

HomeBuyers: Important Things for a Condo Inspection!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
If you’ve found the perfect condo and you’re ready to buy, you’ve probably realized that closing this type of property sale can be expensive. If there are no major issues, it makes sense to try to save money wherever possible and complete the property sale quickly.
Many buyers fall into this mindset, but acquiring a condo from the previous owner is a huge gamble. The good news is that you can make a conditional offer that requires the property to pass a condo inspection before the deal is closed
With that said, condo home inspections can help you evaluate a huge range of variables. From common areas to the water heater, air conditioning, and structural elements, understanding the different elements that home inspectors assess will help you find the best condominium.
To help you out, we’ve put together a home inspection condo guide. In it, we&r. ...

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Tuesday, March 7, 2023   /   by Matthew Daniel Tamburello

HomeSellers & HomeBuyers: The 2022 & 2023 Real Estate Market!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
The 2022 & 2023 Real Estate Market has certainly been an interesting one to say the least!
With opportunities all around us, I thought to prudently address a question regularly and rightfully asked: Is it a good time to buy with increased interest rates?
Good question so let's dig in for clarity...
What is the difference between a Home valued at $550,000 in a low interest rate market (2%) selling for $750,000 (because low interest rate markets breed competition and paying over asking) and a Home valued at $750,000 in a high interest rate market (5%) selling for $550,000 (because high interest rate markets suppress competition and paying over asking)?
Here’s what that looks like:
Purchase Price

$750,000

Down Payment

$25,000 (5% up to $500,000)
$25,000 (10% on the remaining balance of $250,000)
= $50,000

Mortgage

$700,000 (purchase price mi! ...

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Monday, January 2, 2023   /   by Matthew Daniel Tamburello

HomeSellers & HomeBuyers: 11 Things You Need to Know to Pass Your Home Inspection!

Courtesy of:
Matthew Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
"According to industry experts, there are at least 33 physical problems that will come under scrutiny during a home inspection when your home is for sale. Here are 11 you should know about if you're planning to put your home up for sale."
Homebuyers Want to Know Your Home Inside and Out While homebuyers are as individual as the homes they plan on purchasing, one thing they share is a desire to ensure that the home they will call their own is as good beneath the surface as it appears to be. Will the roof end up leaking? Is the wiring safe? What about the plumbing? These, and others, are the questions that the buyers looking at your home will seek professional help to answer.
According to industry experts, there are at least 33 physical problems that will come under scrutiny during a home inspection. We've identified the 11 most common of these and, if not identified and deal. ...

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Trinity Real Estate Consultants
Matthew Daniel Tamburello
Team Leader & Broker/Owner
Right at Home Realty, Brokerage

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