Wednesday, April 3, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Close to one in three homes purchased in Canada are bought directly from a builder. While you may not have considered purchasing a Home in the pre-construction stages, there are many benefits you can enjoy purchasing a home during the pre-construction stage. These benefits range from saving money and ideally reaping a large return on your investment when the time comes to sell your property, the possibilities for customization, the convenience of having a new home, and more. However, buying a home during the pre-construction process might not be the right choice for everyone for their needs, lifestyle, etc. It is important to consider the pros and cons before you consider purchasing a home during the pre-construction phase.
Pros for Buying A Pre-Construction Home
If you purchase your home early on during the pre-construction process you . ...
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Wednesday, January 24, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
So many things can go wrong when searching for your first home. You don’t want to have buyer’s remorse six months after closing on your first home, so it’s a good idea to learn about the five most common mistakes first time home buyers in Toronto make.
Because others’ mistakes are the best way to avoid yours, we’ve listed the five most common first time home buyer Toronto blunders.
Going It Alone
Many first-time buyers make the mistake of handling the purchase of their home without the help of a (reliable) real estate agent. This costs home buyers thousands and often leads to unforeseen problems down the road. A real estate agent and his team can help you understand home inspector reports, legal contracts, and financing. Or he provides these services for you! Most of all, agents can negotiate a realistic of. ...
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Monday, May 15, 2023 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
In this ever-changing real estate market, investing in a pre-construction condo still remains a lucrative long-term opportunity. When you look beyond the quick wins of flipping property, holding the property for the long haul and having a tenant pay off your mortgage can create passive income for you well into your retirement years. Or, if you are a first-time buyer and are hesitant to get into the market now with interest rates on the rise, buying now to move in 3-5 years from now when mortgage rates normalize is also a great option.
Here are the top 5 reasons to invest in pre-construction properties:
1) Pass the current market cycle: With inflation at an all time high in Canada, the Bank of Canada has elected to increase interest rates to help control the rising rate of inflation. This has driven home prices down between 20-30% in some markets as buyers’ affor. ...
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