<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1802547103377049&ev=PageView&noscript=1" /> Buy With Absolute - RE/MAX Absolute Realty Inc, Brokerage

By working with a Re/Max Absolute agent, you are working with someone who can help you find the right neighbourhood for your lifestyle and budget. Our agents are able to distinguish the best homes to meet your needs and filter the ones that are not ideal.


Buyers

First Time Buyers

Buying a home is one of the most important personal and financial decisions of your life. It may also be one of the most complex transactions you ever make. At Re/Max Absolute, we have the knowledge and expertise to guide you through the process from start to finish.

Why Use an Agent?

Your home is the biggest investment and one of the most important transactions you will make in a lifetime. There are many aspects to consider when purchasing a home, and the process can be overwhelming. It is important for you to use the services of someone who can guide you through the purchasing process and make your buying experience an enjoyable one.

At RE/MAX Absolute Realty all of our real estate professionals are experienced, and adhere to a strict code of ethics. We are expected to maintain a higher level of knowledge and service, we understand the market and will match your needs and budget to assist you in finding the perfect home.


  1. We ask the right questions: asking the right questions helps us better understand YOUR needs. At RE/MAX Absolute Realty our professionals take the time to ask you the right questions to determine your needs, wants and reasoning behind your move. By doing so we gain the correct knowledge on how to serve you better and make your home buying experience hassle free.
  2. We have exclusive resources to make your transaction hassle free: Your RE/MAX Absolute Realty REALTOR® has many resources to assist you in your home search: A buyers agent has vast knowledge of the market and can help you decide the best location suitable to your family’s needs, wants, lifestyle and budget! We will assist you with viewing homes, determining their price and suitability.
  3. We are objective: Your RE/MAX Absolute Realty REALTOR® can assist you in the selection process by providing objective information about each property: We have access to the MLS® system and can set you up on a personalized search to filter through listings and find your new home in the least amount of time. We also have access to past sales and a variety of information resources. Your RE/MAX Absolute Realty REALTOR® can provide local community information on utilities, zoning. schools, etc. There are two important things that you should know about your potential purchase. 1) will the property provide the environment I want for a home or investment? 2) Will the property have resale value when I am ready to sell?
  4. Your REALTOR® can help you negotiate. There are a number of factors when getting ready to put in your offer, and start the negotiations. Including but not limited to price, financing, terms, date of possession and often the inclusion or exclusion of repairs, furnishings or equipment. The agreement of purchase and sale should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your RE/MAX Absolute Realty REALTOR® can advise you as to which investigations and inspections are recommended or required.
  5. We explain your different options. Your RE/MAX Absolute Realty REALTOR® can help you in understanding different options for financing and recommend qualified lenders.
  6. We help you from start to finish. Your RE/MAX Absolute Realty REALTOR® can guide you through the closing process and make sure everything flows together smoothly. From the time that the agreement is signed, your REALTOR® will ensure that all the conditions in the agreement are met and waived. Once the deal is firm your REALTOR®, with your permission, will ensure that all the documents are sent to the appropriate parties involved (financial institutions and lawyers). The lawyer will fulfill his obligation by searching the title and contacting the appropriate utility companies, or assist you in setting these services up.

Your RE/MAX Absolute Realty REALTOR® will provide you, ABSOLUTE Service, ABSOLUTE Professionalism and ensure that you are ABSOLUTELY Satisfied in your home buying process.

Costs of Buying a Home

The items listed below is an overview of what to expect when closing your purchase. These expenses are approximations only – they may vary and change frequently. Your RE/MAX Absolute Realty Inc. real estate agent can help you further define more precise numbers.

Home inspection – $450 and up. Due at the time of the inspection.

Septic Inspection (where applicable) $500 and up, due at the time of inspection

Legal fees (including disbursements) – Legal fees can be anywhere from $1000-$4000 depending on the lawyer and the extent of the services provided. (Contact your lawyer to get a quote prior to closing) These fees are payable on the closing date.

Land Transfer Tax – Below is the Ontario Land Transfer Tax Table. These Land Transfer Taxes are due at closing and payable to your lawyer.

Ontario

Land Transfer Tax

Up to $55,000 X 0.5% of total property value

From $55,000 to $250,000 X 1% of total property value

From $250,000 to $400,000 X 1.5% of total property value

From $400,000 up X 2% of total property value

The City of Toronto levies an additional LTT on Toronto real estate in addition to the provincial rate.

Various registration fees (including deed /mortgage and governmental) – Several hundred dollars and up. Due at closing.

Interest adjustment – Varies with mortgage amount and terms. Due at closing.

Property tax/pre-paid utilities adjustments – Varies widely, but often under $1,000. Due at closing.

Property/fire insurance – Expect to pay $300 to $700 for most properties, but it varies according to coverage level, region and property type Contact your insurance company to insure you get the proper insurance coverage, prior to closing.

Title insurance – Completed through your lawyer and is recommended. Get a quote from the lawyer upon meeting with them.

Status certificate (for condos only) – Around $100. This is paid to the condo corporation during the conditional period, in the offer. This can be paid through the lawyer or upfront.