In today's competitive real estate market, timing is everything. Many good homes are sold before they are even advertised. Beat other home buyers to the hottest new homes for sale with our New Listings Notifcation Service. We can offer you priority access to new listings before they appear on the public mls system.

We enjoy helping our clients purchase their homes in Mississauga, Brampton, Oakville, Milton, Toronto, Hamilton, Niagara, and beyond.

Joining the ranks of hundreds of families who realize that home ownership offers a number of rewarding benefits including building equity, saving for the future, and creating an environment for your family. When you own your own home, your hard-earned dollars contribute to your mortgage. The equity you earn is yours. Over time, your home will increase in value.

We'll take you through the planning process step-by-step, to help you determine which home is right for you. You'll find a host of informative articles on mortgages, viewing homes, the offer, closing details and moving.

We will walk you through each step of purchasing a home; from helping you Locate a Home, show you the home, pointing out all the features, evaluating home sales in the area to help educate you on prices, explain the "Offer Process" and what is involved. We will explain the importance of speaking to one of our mortgage brokers, to get pre-approved for a mortgage.

We will also review the importance of a Home Inspection to help protect you from any hidden structural defects that the home may have. Finally we will also explain typical Closing Costs when you are purchasing a home.

Please contact us if you have any questions about buying/purchasing a home in Mississauga, Oakville, Milton, Brampton, Toronto, and the GTA. We are your relocation team for anywhere in North America and beyond.

Buying or Selling a home is one of the most important and probably the largest investment that you will ever make.

Purchasing a home: The process of purchasing your home starts by hiring experienced, reliable and knowledgeable agents that will help to select the home that most meets your needs as well as your budget. We are not satisfied until our client's are. Understanding the CLOSING costs will help make this process easier.

You also need to hire a Real Estate Lawyer that will review with you:

· The Agreement of Purchase and Sale and conditions
· The survey (if applicable)
· Easements or right-of-ways
· Searches that will be done to ensure there are no encumbrances against the property such as mortgages, liens etc.
· Registering the new title to your name
· Registering any mortgages to your name
· Title Insurance which is an insurance policy used to provide protection for the purchaser and lender against losses or damages suffered as a result of title problems or fraud. Title Insurance Fees vary depending on the type of property and the purchase price. (See below for detailed price breakdown)
· Land Transfer Tax on the purchase of residential property in Ontario.

Typical closing costs when purchasing a home consists of: Land Transfer Tax, Your Lawyer's Fees, and Disbursements, and The Cost for Title Insurance.

Land transfer tax is calculated on the purchase price based on the following sliding scale.

Lawyer fees charged may be higher where there are unanticipated situations, such as when your lawyer receive the mortgage instructions the day of or the day before the closing, or where the closing has to be postponed due to the fault of the purchaser.

Assignment of a Sale:
The Assignment of Sale is just the assignment of a sales contract that two parites entered into at an earlier date.

This is the transfer of the right to purchase a property from the original purchaser to the new purchaser. It is not the transfer of the property.

An Assignment of sale is more common during the construction stage of many new developments and allow an original purchaser the opportunity to resell their right to purchase a property before having to complete the sale of that property.

Selling on Assignment
The first step to selling on Assignment is to clarify the terms of the original contract that you have entered into. You require to confirm the details of your eligibility to assign the contract. In most cases the developer may have some administration fee charges and or other restrictions on when or how an assignment may take place.If you are permitted under your contract to assign your original purchase agreement; then you may do one of the following:

• You may find a Buyer on your own. In this case you would be responsible for all costs relating to contract preparation, advertising, showing of the property, etc.
• You may hire a licenced real estate company to handle the contracts, advertise, show the property, etc.

Any administration charge(s) and/or restrictions that may be in your contract can/will be enforced regardless of the manner in which you assign your property.

When Selling an Assignment of sale, it is recommended that you seek independent legal and financial advice as this can be a complex transaction.

Buying an Assignment
When Buying an Assignment of Sale, it is quite different than your regular real estate transactions. In this transaction you are only purchasing the contract from the original owner of that contract and assuming all of their rights and obligations.

Example of an Assignment
Original Purchase Price:$300,000 (as agreed upon in the original Contract of Purchase & Sale) New Purchase Price: $350,000 (as agreed upon by the original owner and the new owners) Difference /Assignment Fee: $50,000 (paid to the original owner of the Contract of Purchase & Sale) Once the Assignment Fee has been paid by the new owner to the original owner; the new owner is then pays the original purchase price of the property as per the terms of the original Purchase and Sale Agreement to the developer. The Assignment of Sale contract is not as simple as the above example. When entering into an Assignment it is important that both the original owner and the new owner seek professional advice. Let work for you and make your buying or selling experience easy and stress free. For more information on Assignment of propeties, please give us a call.