How To Buy A New Toronto Condos From A Builder

Are you looking to buy new Toronto condos from a builder

? Whether you are an investor or buying new condo for yourself, your first step should be to hire a well established real estate agent or broker to help you through the process.

Many people went to the builders office and signed the contract without knowing the things like what kind of upgrades and incentives they can offer, what type of features and finishes they give you in condo, can we sell or rent the condo before the its finished, what would be final cost of the condo, other details and legal issues regarding the condo.

Keep in mind that the salesperson in the builders office will work for the good interest of the developer not for you. Their legal responsibilities only for the developers interest. So be smart when you sign the contract.

In most place, if you hiring a real estate agent they cannot cost you anything because they already get their commission from the developer by bringing the qualified buyer to them. One of the biggest mythologies linked with buyer agent is that they can get better price without a broker. The price you pay for the pre construction condos in the builders office will be the same if you are buying the condo with or without demonstrate. If you buy without demonstrate you can miss the negotiable items besides condo price.

The main thing of the new Toronto condos builder need to appreciate the work of the buyer agents to drive traffic through the site and to get rid of the legal responsibilities on behalf of both parties during the financial transaction.

Many real estate agents get the access of VIP pricing before the projects are released into the public market. Frankly speaking, if you can walk to the builder showroom to buy a condo without an agent, then you are late. The prices have been increased upto 2 to 3 % and all the pre-construction condos have been sold. Buying condos in the market needs extensive knowledge of the current market conditions of location and site specific information.

Having a buyers agent will help you to investigate and research important facts before making a purchase. Buying pre-construction condos requires an understanding of the cost per square feet, which floor plans suits your needs, track record of the developer and the class of the finish work.

Bottom line is this an educated buyers agent can give you lots of advice and will help you see through slick condo marketing and sales strategies. They will also help you find and negotiate the right Toronto condos investment.

by: Atty Kss

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