FAQ – What every Buyer needs to know

How much does it cost to work with you?

Nothing! The seller pays the co-operating agent the commission as per their listing agreement with their agent. The commission is usually a percentage of the purchase price. So to work with me, it doesn’t cost you or the seller extra! The two Brokerages share a portion of the commission offered by the seller.


Can I go to open houses on my own?

Of course you can-even if you are working with an agent! Open houses are a great way to explore a new neighbourhood and get a feel for the types of homes available. Agents will ask you to sign in and please do. When you sign into an open house the listing agent will then keep your agent informed of any activity on the property. This way you will not miss out on any opportunities. Please just let the open house host know you are already working with a Buyer’s agent.


How do I book an appointment to see a house?

All you have to do is contact me or my staff and we take care of everything. When you let me know about a house you are interested in, we contact the listing agent and arrange everything. You just have to show up and see it.


If We Are Ready to Make an Offer, What is the Next Step?

When we have found the perfect home and you feel this is the right one for you and your family, it is time to make an educated offer. At this time, we will obtain all information and market stats on the property. This includes sold homes on the street and within the neighbourhood, the history of the home, and other available statistics to ensure we are obtaining the best possible deal. There is substantial research that goes into making an offer, we will guide you every step of the way.


What are some good real estate sites for home buyers to become educated?

-brafirst.ca -cmhc.ca -reco.on.ca -Orea.com And of course our site , www.tfgrealty.com


What Is An Assignment?

Note: More common in pre -construction condo sales. If you are interested in buying a Condo Downtown Toronto, this section may apply.

An Assignment is a legal sales transaction whereby the Original Purchaser (the "Assignor") of a property sells, and thereby transfers, their interest and obligations under the original contract to a new Purchaser (the "Assignee"). This assignment usually takes place during interim occupancy. The "Assignee" will assume all of the "Assignor's" duties and obligations under the original Purchase & Sale Agreement. These rights and obligations are stated in the original Purchase & Sale Agreement and include terms such as payments of mortgage, taxes and maintenance fees during interim occupancy. Upon Completion, the "Assignee" is granted the Title to the real property and will incur all final closing costs.

An Assignment is legally permitted unless otherwise expressed in writing. An Assignment fee may be charged by the Developer and is normally a cost borne by the "Assignor" (the Original Purchaser). Your TFG Real Estate Professional will be trained with dealing with assignments.


Why Should I Hire you as my Buyer representative?

Working nearly 8 years as a full time Realtor, I have personally brokered Hundreds of sales and in 2014 was the top 5 real estate broker in Oshawa/Clarington for both units sold and sales volume. My sales staff is second to none, and we ensure you get the very best service and results. We take this responsibility very seriously. Please view some buyer testimonials on this site, the majority of my business is referral or repeat something that makes me very proud. By working with me, you will have an edge on the competition, here’s how:

How Many Days a Home has been on the market, which often dictates how a property is priced.

What homes have been sold on that particular street and at what price. Also what similar types of properties are selling for in that neighbourhood and Area so you know if the property is overpriced, priced well or underpriced in comparison..

What is the Sellers motivation? Do they want a quick closing? Are they facing foreclosure? Will they take a discounted offer price? Are the appliances and chattels negotiable? Will they accept an offer conditional on the sale of the buyer’s home?

Knowledge on what developments are going on in the area that will affect value in the future?

Access to the very best mortgage rates, home inspectors, trades and lawyer fees available

Full access to current market statistics, historic trends and current inventory levels.

How many offers are in on the property, what price and terms should you start an offer?

How much has the area appreciated or depreciated over the past ten years?

Is it a Sellers, Buyers or Balanced Market, how do you know when the right time to buy is?

You will be viewing all the homes in your price range that meet your criteria including bank, estate and foreclosure sales.

Being a top Broker, we often have “coming soon” listings that you will have knowledge of before the general public.

Why Hire a Realtor to assist in your home search?

1. Your REALTOR® Is A Trained Professional
REALTORS® take extensive pre-licensing courses in order to obtain credentials for practicing in real estate.

2. Your REALTOR® Is Continuously Trained
REALTORS® keep pace with the times by taking continuing education courses to upgrade their knowledge on a broad range of real estate related issues in order to be able to continue to provide consumers with current advice.

3. Your REALTOR® Does Everything By The Book
A REALTOR® must be registered under provincial laws that govern exactly how real estate can and cannot be traded. These regulations are your legal guarantee of professional behavior.

4. Your REALTOR® Is An Ethical Businessperson
REALTORS® must adhere to the extensive Code of Ethics of the Canadian Real Estate Association. Several provinces have additional codes of ethics governing real estate professionals. Your interests must always be put first.

5. Opportunity For Recourse
Should you have concerns about the professional behavior of a REALTOR®, provincial regulators and your local real estate board or association take these matters very seriously and work quickly to resolve any issues.

6. Your REALTOR® Has Access To A Local Board's MLS® System
A Board's MLS® system is the single most powerful tool for buying and selling a home. Your REALTOR® can provide you with exclusive features of the Board's MLS® System, such as immediate notification when new properties are listed. You don't have to wait for it to be posted on a web site.
These are just some of the questions buyers must know to make an informed buying decision. The great news is, this is our job to know these things and we are excited to share them with you!

What will my estimated costs be?

Even though buyers do not pay the agent’s commission, they still have some costs associated with a purchase. These include legal fees, disbursements, title insurance, HST on CMHC premium (if required less than 20% down), Land Transfer Tax, Municipal Land Transfer Tax (Toronto only, Durham only pay Provincial), and moving costs. Please ask me for a more accurate list based on the price of home we are looking for.

The Foley Group

  • Head Office 319 College Avenue
    Oshawa, ON, L1J 3S2
  • Phone 905-240-7300
  • Fax 905-571-5437
  • Contact Us  

Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Information is deemed reliable but is not guaranteed accurate by TREB.

Toronto Real Estate Board - IDX Last Updated: 8/17/2017 1:51:56 AM