Buyer Links
Toronto Real Estate Search
Click here and let us know what you are looking to buy
Toronto Lofts for Sale
All Toronto loft conversions, as well as new soft loft buildings
Toronto Hard Lofts
Only authentic hard loft conversions in Toronto
Toronto Soft Lofts
Only newly-built soft loft buildings in Toronto
Toronto Condos for Sale
Popular Toronto condo
buildings, as well as some
new condo developments
First Time Buyers
A special section for those entering the Toronto condo or house market for the first time
Property Listings
Check what Toronto condos & houses are for sale - and check our office listings as well
Tools for Buyers
Mortgage calculator, land transfer tax, etc.
Information for First Time Home and Condo Buyers
Major Elements in an Offer
1. Price
Depends on the market and the buyers, but generally, the price offered is different from the asking price. You want to try to pay the lowest price for the home you want.
2. Deposit
The deposit shows the buyer's good faith and will be applied against the purchase price of the home when the sale closes. Your Real Estate Professional can advise you on the suitability of the amount of the deposit being offered although it is usually about 5-10% of the purchase price or $5,000 to $10,000 are accepted as well.
3. Terms
Includes the total price the buyer is offering as well as the financing details. The buyer may be arranging his/her own financing or may ask to assume an existing mortgage if the seller has an attractive rate.
4. Conditions
These might include "subject to home inspection", "subject to the buyer obtaining financing", or "subject to the sale of the purchaser's property."
5. Inclusions and Exclusions
These might include appliances and certain fixtures or decorative items, such as window coverings or mirrors.
6. Closing or Possession Date
Generally, the day the title of the property is transferred to the buyer and funds are received by the seller, unless otherwise specified (except in Manitoba and Quebec).
Please feel free to contact us should you have any questions or are ready to embark on your home buying and selling journey!