What it costs you to Buy a Home in Ontario

What it costs you to Buy a Home in Ontario

I hope your day and week are going great! OK lets dive in…. we are still talking what it is going to cost you to buy a home here in Ontario...

So in the last video we discussed my fee’s… which are $0… 100% FREE for you to use my services…. but again there are other fee’s in the transaction that you will incur so they are important to discuss…

So the 1st fee you are going to experience is right after your offer gets accepted on the home you are purchasing… Within 24 hours of getting a fully signed contract on the home you are purchasing you will have to put down a  "Deposit”.

What is Deposit for?  Well it is a “Good Faith” deposit showing the Seller that you are serious and plan to move forward.

This fee is held in a Brokerage Trust account which is a “Safe” account. The cool part is, you get the money back as long as you close or it becomes part of your down stroke… That money will get applied toward your down payment, your closing costs or even, depending on the loan program you do…. can be put back into your pocket at closing…

NOW…. THIS IS IMPORTANT…. there are areas you are protected in the contract even if you do not purchase the property, where you will get that money back… for example during your “Inspection Period” or during the “Appraisal” process… all to be discussed in full length and detail in email coming soon…

OK so this deposit is typically about 1% of the purchase price…. so if you are buying, lets just say to make math easy…. if you are buying a $200,000 home, your earnest deposit will be $2,000… now there is no set amount, I will do everything I can to get this amount lower for you… but want you to be prepared for industry standard…

Again this is due 24 hours after your offer is accepted… so you will need to be prepared for that…

Alright… I hope you have found this helpful, I will see you in a few days with another update on the process….

In the meantime if you have any questions, need anything, would like to go see any houses… etc… feel free to call/text or email me anytime!

Have an amazing day!

Did you know it is 100% FREE to hire me as your Realtor® when buying a home?

Did you know it is 100% FREE to hire me as your Realtor® when buying a home?

Yup, 100% FREE… it costs you no more money to hire an extremely experienced Realtor® such as myself, that has a ton of negotiation experience to ensure you are getting the best deal possible…. than it does to hire a newbie with zero experience….

Over the next few weeks I am going to send several emails that explain the buying process here in Ontario…  It is ABSOLUTELY critical to be extremely well informed on the process when you are looking to make one of the biggest purchases in your life! Some of these emails are going to be long... but it is important to read them... They are packed full of value and info to ensure you are making the best decision for yourself and your Family!

Whether you already have a Realtor® you are working with or if you do not and you would like to use my services, which I would absolutely be honored to help you accomplish your real estate goals…. Either way, these emails are going to be EXTREMELY powerful at helping to educate you through the home buying process here in Ontairo..

Every Province can be different, and the Real Estate Purchase Contract is always changing… so whether you are a first time home buyer or you have bought multiple homes it is important you read the content…. I will make them quick and to the point… I know your time is valuable and the last thing I want to do is waste your time…

It is critical to be educated on the entire home buying process so you can ensure you are making the best decision for yourself and for your Family…

OK… so I want to kick this email series off talking about Money $$$… What does it cost you to buy a home here in Ontario? The good news is, it is probably far less than you think!

For starters "My Fees"… aka my commissions… are 100% FREE to you…  In the province of Ontario… the seller pays the commissions… So even though I represent you, looking out for your best interests, the seller still pays the fee… The cool part about that other than being FREE is that for you to hire an experienced Realtor like myself that has been a top producers for years..... it costs you no more money than hiring an inexperienced Realtor…

Hiring an less experienced Realtor will actually cost you a TON of money, as they do not have the negotiation skills and experience necessary to get you the best deal possible!

In the NEXT email we are going to talk about your Deposit $…. what it is, what to expect, how it works and more…

See you in a few days and if you have any questions, need anything or would like to go look at some homes….  Please Call/Text or Email me anytime!

Have an awesome day and feel free to reach out anytime

Monday Morning Thought

As we start to achieve success in life, there will be a lot of people that will not be able to handle your success. They may say negative things about you and try to pull you down....

 

It is always important to remember that they are doing this as your success makes them feel bad about themselves as they are choosing to not create success in their own lives... and the next easiest thing to do is to try to bring you down.

 

Do not let it get to you, you can't have success without some haters... Just keep pushing no matter what, stay on course and create the life you know you truly want!

 

Have an awesome week and Go DOMINATE #GSDMode4Life

 

 

 

Sincerely,

Brad Sinclair