1. Table of Contents / Industry Memberships
2. Why use Ken Finch to help you purchase Real Estate?
3. Home Search Specifications
4. Toronto Real Estate Board District Map
5. Closing Cost Adjustments
6. Working With a Realtor form
7. Buyer Registry Service (BRS) form
8. Buyer Representation Agreement form

Ken Finch is a member of the following organizations:

Why use Ken Finch to help you purchase Real Estate?

People that have properties listed for sale have an agreement with a Realtor who represents the interests of the seller.

You also need to be represented, to protect your best interests, needs and wants. When you enter into a Buyer Representation Agreement with Ken Finch you will receive:

1. Exclusive loyalty

2. Confidentiality

3. Daily property listings sent to you through e-mail, of homes with your specifications, in your target area

4. Real Estate purchasing, selling, investing, appraisal, property management & mortgage experience

5. Submission of legal offers to the property you are interested in purchasing with clauses to protect you, rather than the seller

6. Full disclosure of all known information, about properties of interest to you

7. Sources for financing and other professional services such as home inspectors, lawyers or general contractors

8. Registration into the Toronto Real Estate Board Buyer Registry Service (BRS) which connects properties for sale that match your home search specifications

No fees get charged to you because Ken receives payment by the listing agent, for bringing you, the buyer, to the property.

To sum everything above, it is essential to have Ken Finch assist you with your
Real Estate purchase for Protection, Efficiency and Guidance, in support of all your Real Estate needs.

Home Search Specifications

Toronto Real Estate Board District Map
Please click on the map below to find the area you are interested in buying a home:
Toronto - Central (blue)
Peel Region - West (orange)
York Region - North (purple)
Durham Region - East (green)

www.HomeReferrals.net

HomeReferrals.net is your best source on the internet for Real Estate information in Canada. Selecting the right professionals to help you arrange a mortgage, deal with legalities, inspect your prospective property and move your possessions into your new home is critical to a stress free experience. Below are trusted professionals from HomeReferrals.net to assist your home purchase.
 

Mortgage Brokers
Lorne Andrews, Mortgage Consultant
416.276.6445

Real Estate Lawyers
Morty Shapiro

Home Inspectors
At Home Inspections


View the web site www.HomeReferrals.net for full details on the following:
• Multiple Listing Service (MLS) Home Searching
• Home Buying Target E-mails
• Home Inspectors
• Home Appraisers
• Home Buying Information
• Home Selling Information
• Condo Information
• Real Estate News
• Moving Guide
• Real Estate Glossary
• Commercial Real Estate Investing
 

CLOSING COSTS

Closing costs are expenses over and above the price of the property incurred by buyers and sellers in transferring ownership of a property which normally include the items below. Please allow approximately 1.5% of the purchase price of your new home for closing costs.


Closing costs typically consist of:

1. Closing Adjustments
Pro-rated amounts for prepaid amounts made by the seller; e.g. Property tax

2. Land Transfer Tax
Amount varies by purchase price

3. Legal Fees
Charges from your Real Estate lawyer for title insurance, property registration fees and tax certificate

4. Status Certificate
For Condominiums only, this document outlines all the details of the condominium which include the current amount of the reserve fund, common element fees and any major renovations or repairs anticipated

5. Home Inspection
A home inspector is needed to detect any deficiencies in the property you would like to purchase

6. PST
If paying less than 25% on your down payment, you must get mortgage insurance from the Canadian Mortgage & Housing Corporation (CMHC). This fee gets added to your mortgage which is PST applicable. The PST must be paid at closing

7. Moving Costs
Moving company fees vary depending on your quantity of possessions and the distance of your move

8. Rental Income
When purchasing a property where rent is collected, the buyer receives the rental income that has already been paid, for the month in which the property is purchased

9. Rent Deposit
When purchasing a property where rent is collected, the tenant usually pays a deposit for the last month’s rent which is forwarded to the buyer at closing
 

Ontario Real Estate Association Forms

Working with a Realtor - A brochure for buyers and sellers of Real Estate outlining your agency relationship with Ken Finch and the Real Estate Council of Ontario's Code of Ethics.

Buyer Agency Agreement - A form that obligates Ken Finch to provide you with exclusive loyalty, confidentiality, full disclosure, obedience and honesty.

Buyer Agency Agreement Data Form - Form that must be completed to be included to the Buyer Registry Service (BRS)

Ken Finch Residential & Commercial Sales Representative  HomeLife Vision Realty Inc., Broker 1945 Leslie Street, Toronto  416.383.1828 – Office / Pager 416.383.1821 – Facsimile 416.520.5544 – Mobile www.KenFinch.net kfinch@trebnet.com

© HomeLife Vision Realty Inc. 2003