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Who This Is For?
- You’re A Homebuyer Who’s Looking To Buy A Pre-Construction Condo/Home But Feeling Overwhelmed/Intimidated
- You’re A Homebuyer With Bad Credit Or Little To No Cash For A Full Down Payment
- You Want To Build Equity And Your Personal Net Worth
- Buy A Home In A Safe, Preferred Neighborhood
- You’re Actively Searching Online But Need Advice From An Experienced Agent (Also Access To Exclusive Listings Not Found Online)
- You Want To Be Advised Of Realistic Expectations To Buying A Home, And Dislike Last-Minute Changes.
- Fear Of Overpaying Or Working With A Dishonest Agent That’s Looking For A Quick Commission Cheque
- You’ve Searched Online But Unable To Find A Home That Fits Your Criteria And Budget.
- You’ve Worked With An Agent That Is Not Responsive And Lacks Clear Communication.
- You Want Full Disclosure At All Times For Every Document.
- You Want To Be Given The Heads Up About Important Changes To Housing Regulations And Mortgage Rules.
Why Us
The Team Realty Bulls Is A Leader In Pre-Construction In Ontario. We Have Put Up Our Years Of Experience And Expertise
To Build A Team Which Is Professional, Dedicated And Are Experts In Real Estate Services. We Are Dedicated To Providing
Clients With The Highest Quality Of Service.
PROFESSIONAL, DEDICATED AND ARE EXPERTS IN REAL ESTATE SERVICES.
Our Knowledge Of The Real Estate Market In The Greater Toronto Area And Outside Is Our Key To Success And Has Gained Us Access To Many New And Hot Developments. Our Team Is Constantly Keeping Up-To-Date On Current Strategies, Technologies, And Up-And-Coming Neighbourhoods, Giving Us An Advantage Over Other Real Estate Teams In The Industry. From Growing Neighbourhoods Like Toronto, Mississauga, Vaughan, And Etobicoke, To The Bustling City Centre, We Have A Passion For The GTA And The Communities That Make It So Special. We’ll Work Tirelessly To Make Sure That The Process Goes As Smoothly As Possible, And Providing Our Expertise Along The Way From Before Purchase To The Actual Purchase Process, Closing And After Closing Services.
What Is A New-Build Or Pre-Construction Home?
A New-Build Home, Often Referred To As Pre-Construction, Is Available When Builders Release Lots/Homes That You Can Purchase. The Developers Will Usually Have A Master Plan For ACommunity, But There Are Times Where They May Only Have A Few New Homes For Sale.
Most Builders Will Set Up A Model Home So You Can Get An Idea Of How The New Home Will Look. There Will Also Be Detailed Floor Plans And Renderings Available To Visualize Your Potential Space. Since This Is A New Build, You’ll Usually Be Able To Choose Specific Items, Such As The Colour Of Your Cabinets And Your Kitchen Countertops. You Might Even Be Able To Make Changes To The Layout. What You’re Able To Customize Depends On What The Builder Is Offering.
New Construction Homes Are Typically Bought Directly From The Builder, But You Can Sometimes Purchase The Contract On A New Build From The Original Buyer Before They Move In. This Is Known As An Assignment Sale. Depending On When You Buy The Contract, You May Still Be Able To Customize The Home.
The Pre-Construction Buying Process
Decide Whether You’re Ready To Buy
Visit Presentation Centres
Home Inspection
Research
Prepare Draft & Sign
Moving In: Interim And Final Occupancy
Find The Right EXCLUSIVE Agent
10-Daycooling-Off Period
Enjoy Watching Your Investment Grow
Begin Searching
Firm Up The Deal
STEP 1
STEP 2
STEP 3
STEP 4
STEP 5
STEP 6
STEP 8
STEP 9
STEP 10
STEP 1
DEPOSIT
If you’ve decided to purchase a pre-construction condo/home, you need to understand that financing works a bit differently compared to buying resale. Generally speaking, you need a down payment of 15% to 25% to secure your unit. The good news is this down payment is paid out over time so you don’t need to have all the funds available at once.
Although every contract is different, the deposit structure may be as follows:
- $5,000 with the offer
- 5% of the purchase price minus the initial deposit within 30 days
- 5% of the purchase price within 60 to 90 days
- 5% of the purchase price within 90 to 180 days
- 5% at occupancy
Determine how much you are able to put as your deposit for your pre-construction
STEP 2
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STEP 3
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STEP 4
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STEP 6
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STEP 9
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STEP 10
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A Few Things To Consider
Tax Considerations For New Homes In Canada
It Is Important To Remember That For New Homes In Canada, The GST/HST, The Goods And Services Tax (GST)/The Harmonized Sales Tax (HST) Is Applied To The Price Of A New Home, This Is Not The Case For Existing Homes In Canada. The GST/HST Has The Potential To Significantly Increase The Overall Cost You Will Be Paying When Purchasing A New Home Since It Is Approximately 5% Of The Purchase Price. Although You Might Be Able To Receive A 2-3% Rebate From For The Money You Paid For The GST/HST.
Are You Prepared For The Possibility That Your Home Might Be Completed One Or More Years After Purchasing It During The Pre-Construction Phase?
Are You Prepared For The Possibility That The Anticipated Date Of Completion Vs. The Actual Date When You Will Be Able To Move Into Your Home Might Be Months Or Years After The Promised Delivery Date? There Are Almost Always Delays With Construction So You Need To Be Patient And Flexible Given That It Is More Than Likely That The Construction Of Your Home Will Be Delayed.
Option 1: Find the Right Realtor Yourself
Option 2: Work With The Realty Bulls
Option 1: Find the Right Realtor Yourself
- Look For Another Realtor That Is Experienced, Trustworthy, Aware Of Market Trends, Responsive, Attentive (Treats You As Their Only Client) And Has A Good Overall Economic Knowledge.
- You’ll Waste Hours Of Your Time Interviewing And Finding The Right Realtor.
- You Can Try To Purchase A Pre-Construction Yourself, However It Isn’t Recommended. The Pre-Construction Buying Process Can Be Complicated And Emotional. Having A Realtor By Your Side Can Help You Navigate, Submit A Legally Sound Offer And Avoid Overpaying For Your Property.
- Many Agents May Not Even Know About The Exclusive Programs And Grants Available So You Will Miss Out On The Best Deal.
Option 2: Work With The Realty Bulls
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Again, this is for:
- You’re A Homebuyer Who’s Looking To Buy A Pre-Construction Condo/Home But Feeling Overwhelmed/Intimidated
- You’re A Homebuyer With Bad Credit Or Little To No Cash For A Full Down Payment
- You Want To Build Equity And Your Personal Net Worth
- Buy A Home In A Safe, Preferred Neighborhood
- You’re Actively Searching Online But Need Advice From An Experienced Agent (Also Access To Exclusive Listings Not Found Online)
- You Want To Be Advised Of Realistic Expectations To Buying A Home, And Dislike Last-Minute Changes.
- Fear Of Overpaying Or Working With A Dishonest Agent That’s Looking For A Quick Commission Cheque
- You’ve Searched Online But Unable To Find A Home That Fits Your Criteria And Budget.
- You’ve Worked With An Agent That Is Not Responsive And Lacks Clear Communication.
- You Want Full Disclosure At All Times For Every Document.
- You Want To Be Given The Heads Up About Important Changes To Housing Regulations And Mortgage Rules.
Our Clients' Feedback
Sandy And Nav Develop Their Investment Portfolio
“So Here Is How It Starts – You Are In A New Country And After Years Of Runup Finally Landing As A New Immigrant, Makes For An Year Of Dreamy-Eyed Excitement. Blasting Away Moolah’s $$$ You Earned Elsewhere (The Middle East In Our Case). Bought Our First Home And In Few Years, Ready To Conquer The Real Estate Investment Dream!!! We Must ‘Ve Been An Easy Prey – Gullible Et Al! Lol. So Sid And Mohsin Would Have Been Totally Fine To Sell My Wife And I The Most Expensive Pre-Con Properties Or Two. BUT… These Fine Fellas Refused To Sell Us – Instead Asked Us To Hold Back And Wait For A Few Months Because After Long Discussions With My Wife And I – They Concluded Our Investment Objectives Were Better Suited For Other Projects. At The Time, My Wife And I Were Less Than Happy About It And I Recall Thinking “What The Heck – Its My Money..My Decision…” Years Later, The Alternative Investment And Multiple Others In Niagara Region, From Mohsin And Sid Has Been Giving Us Returns That Topped Out My Original Aspiration In GTA! And Have Constantly Met Numerous Other Clients Of The Realty Bulls In Similar Profitable Situation. So All You Folks There – I Don’t Care How Big A Financial Expert You Think You Are (I Have Been An International Banker For Two Decades) – Pay Close Attention To Mohsin And Sid – They Are A Happy, Easy Going, Song And Dance Bunch With Sports, Cricket And Social Work On The Surface! Yet Hard Core Financial Acumen Is Their Strength. Well Done Realty Bulls, Thank You Mohsin And Sid! You Guys R O C K !!!”
Josephine made over $270,100 in profit from her sale
BOUGHT FOR:
$504,900
SOLD FOR:
$775,000
RESULT:
$270,100 in gross profit
“Sid/Mohsin And Their Team Realty Bulls Were Excellent From Day One And Guided Me And My Colleagues Through Our Investments And Helped Me To Close 3 Homes And Assign One For An Amazing Profit. Sid Is Very Helpful And I Have Only Great Things To Say About Them. Thank You”
Why Us?
- You will get the benefits of our Platinum Access to pre-construction project from reputable builders
- You will be able to find the best home that fits your criteria and budget FAST
- You can forget about other agents taking advantage of you for a quick commission cheque
- We practice what we preach
- You will feel relieved because we have a hand-held, educational approach towards working with our clients
- We have a great network of resources available to you that will help you get the best deal on your next property purchase.
- We will help you get access to all the programs mentioned earlier in this training and walk you through the process step-by-step ensuring you get the best deal
Key Partners with RBC & Scotia Bank to enable a wide range of services & best mortgage rates for our clients
Frequently Asked Questions
Now some of you may be asking:
Will this work if I have bad credit?
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Will this work if I have little to no down payment?
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Are there any long term contracts?
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Book A Call Now
Book A Call Now
Click the link below this video to book a call and
start your pre-construction home buying process.