Awesome Home Deals

Home Types


Free Hold:

The highest form of ownership. You own the land and the building. You have to upkeep the interiors and exteriors at your own cost.

Condo:

Your ownership extends inward from your interior walls, floors and ceilings. In addition, you are a partner, with all of the other owners in the complex, of the exterior structure (the foundation, exterior walls and roof) as well as any common areas and amenities (for example, swimming pools, clubhouses, tennis courts, play areas, etc.)

Payment of a monthly condo fee,

nwhich covers general repairs and maintenance to the common areas of the complex as well as build up a cash reserve for future needs. In general, all exterior maintenance and repairs are the responsibility of the condominium association, although you will be charged for them, either through your association dues or a special assessment (a one time charge assessed to all owners for, as an example, a new roof). The normal day-to-day maintenance of the grounds (some examples are cutting the grass, shoveling snow and maintaining the pool) are also the responsibility of the association. Interior maintenance and repairs (for example, replacing a dishwasher) are the responsibility of the individual owner.

POTL: Parcel Of Tied Land. It is tied to common elements


Condo Fee: Includes what

Status Certificate: Lawyer To Approve

Building Financials / Reserve Fund

Proposed Repairs / Special Assessments

Amenities
Parking Owned or Exclusive

nWhen was the big repairs done
Roof, Windows, Balconies, Underground Parking, Road, Pool, Elevator

Detached

nLinked

nSemidetached

nTown Homes

nHigh Rise (Condo Apartments)

Smart Buying Concepts

1) Cut the travel time, Buy Close to work if possible
Spend more time with the family
Driving your car long distance devalues you car
Traffic is crazy and high change of accidents

2) Make sure your payments affordable for a long term
Take a 5 Year Fixed Rate

3) Earn Income:
Rent part of the home or the basement to earn extra income
Open a home based business if possible

4) Don't compete with the Jones
Don't buy a big home to impress friend.
(Your big bank Account should do that. So buy a home that will make you money)
Don't buy too big if you don't need it
Don't buy too small if you need a bigger home in the futureant you to be our life time client

New Or Resale

New Or Resale: We sell both

New Homes:

To be built

Buying On Floor Plans

Builder Can change the plans

Down payment 20%



Re-sale:

Already Built

What you see is what yo get

Down-Payment: 5%

1) Get a low 5 Year Fixed Mortgage
2) Rent the unused part of the home
3) Rent The Basement
4) Be Creative, Start a hoke business
5) Be good at money management
6) Cut the unnecessary spending
7) Put energy saving lights
8) Be mindful and Save on utilities
9) Ask everyone to contribute

Caution:

Make sure the people who are contributing are dependable and responsible
DONT count on 91 year old grandma. She may leave suddenly


The Rental income is a good bonus, but make sure you can afford the mortgage payment without the rental income. The tenants will leave suddenly

7 Core in checklist


1) Roof (Singles, Sheeting, Truss, Insulation). 15 Year life

2) Windows: Check the Seals, The Age, 15 Year Life

3) Plumbing: Copper, Pex, Avoid Lead

4) Electrical ( Copper, 100 Amps, No Piggy backing/ Double Tapping, Avoid KNow & Tube and Aluminium)

5) Foundation

6) Furnace (Heat Exchanger)

7) Land


Peace Of Mind Warranty


We give you a peace of mind warranty

We take an insurance of 40K for your home

Today's Realtors

48,000 Realtor in GTA

New agents learning at their your expense
The business is EXTREMELY competitive
Many agent don’t make any money
Many Part Time
They choose Homes They Like
They Like to Double End to get double commission
They don’t want to show you the defects - FLASH LIGHT -
They make Exaggerated statements:
The Basement Apartment will pay for the Mortgage


Realtor who is a cab Driver
Realtor who is an Uber Driver

Your Realtor Is An extension of Yourself

You agent must be Experienced and Knowledgeable

Must Know Costing, bylaws

Must have Good command over English.

Offers Are Written In English

Real Estate Mistakes are very very costly

How Realtor Work

They show you home they like because it shows well
Show home that only offer a high commission

Beware: Dual Agency

The Listing agent wants the higest price as she wants to earn the highest commission

The listing agent is buying another home for the seller

The listing agent will only be working for the seller intest and not the buyer

How to get Financially ready to buy a home

1) Have good credit (Credit score 700)
2) Have a job
3) Have the required down payment

If you have bad credit you will need a bigger down payment

Why The Farah & Dawson Team

We work as a team, we are available 24 /7

We must be available to you the home first

Good deals sells on the very first day

Good deals are hard to find
.
If I am not available when ones comes up
Then I am not working for your best interest.

Mortgages

Term (Fixed or Open)

Rate (Fixed Or Variable) (Volume Discount)

Amortization (How long will it take you to pay off the home)

Payment frequency (Biweekly) reduces amortization term

Anniversary Payments (20/20)

Penalties (# Months interest or Interest Differential)

Dawson Is a Mortgage Broker

nWe Will Get Approved

nWe Will get you the Lowest Rates

nWe offer Wholesale mortgage rates

We have better purchasing Power for low rates
We give Volume business to one TD Person
He offers us wholesale Rate

nWe will get you The Best Mortgage Guaranteed

• The Entire Home Buying Process

• Best Deals On The Market

• The Offer Process

• Hidden Closing Cost

• Explain The Forms

• Must Clause to protect you

• What to look out for in a home
  Vital Check List

• Best/Worst Homes

• Best/Worst Locations

• The MLS Listing:
  The Hidden Details

• Mortgage Traps

• Home Inspection Pitfalls

• Lawyers Duties

• Pre-Closing Procedures
  Prevent Last Minute Surprise

• The final closing

Our Credentials