Buying a PRE-CONSTRUCTION HOME| Step by Step Process| Buying a New Build in Toronto| Moaeez Rehman

Thinking about purchasing a preconstruction home but do not know where to begin? This video is for you! In this video, I display a step by step process on how you can be buying a new build home. Pre-construction homes in toronto are tricky and the right guidance is everything! ⁣
⁣
My team and I actively sell Real Estate in Toronto, Durham Region, York Region, Peel Region and across the GTA. I would absolutely love to assist you in purchasing your first home! To schedule a conference call, please reach out to me directly at: ⁣⁣
📲𝐌𝐨𝐚𝐞𝐞𝐳.𝐑𝐞𝐦𝐚𝐱@𝐠𝐦𝐚𝐢𝐥.𝐜𝐨𝐦.⁣⁣
⁣⁣
#PreconstructionHome #BuyingaNewBuild #HowtoBuyPreconstruction⁣
⁣⁣
⁣www.moaeezrehman.ca⁣
⁣
🔹𝐒𝐢𝐠𝐧 𝐮𝐩 𝐭𝐨 𝐦𝐲 𝐏𝐫𝐞-𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐇𝐨𝐦𝐞 𝐃𝐞𝐚𝐥𝐬 𝐋𝐢𝐬𝐭! ⁣
mailchi.mp/ae2a3f87b532/pre-c...
⁣
🔹𝐂𝐎𝐒𝐓 𝐨𝐟 𝐁𝐮𝐲𝐢𝐧𝐠 𝐚 𝐑𝐞𝐬𝐚𝐥𝐞 𝐇𝐨𝐦𝐞 𝟐𝟎𝟐𝟏/𝟐𝟎𝟐𝟐⁣
• COST Of BUYING A HOUSE... ⁣⁣
⁣
🔹𝐁𝐑𝐀𝐍𝐃 𝐍𝐄𝗪 𝐃𝐞𝐭𝐚𝐜𝐡𝐞𝐝 𝐇𝐨𝐦𝐞𝐬 𝐢𝐧 𝐎𝐒𝐇𝐀𝗪𝐀⁣⁣
• Harmony Creek Homes| B... ⁣
⁣
⁣
𝐒𝐚𝐲 𝐇𝐈 𝐨𝐧 𝐒𝐎𝐂𝐈𝐀𝐋: ⁣
𝐈𝐧𝐬𝐭𝐚𝐠𝐫𝐚𝐦: / ⁣
𝐅𝐚𝐜𝐞𝐛𝐨𝐨𝐤: : / realestatemo…

[@peterfromla7505]

Hey Moaeez, I was doing my research and stumble upon on this video.
Quite insightful for anyone who is buying a preconstruction home.
Nicely explained & well edited
Thanks

[@MoaeezRehman]

Thank you for the kind words and for watching!

[@Arden_tart]

This was super duper straight forward and very informative. Thank you for this video and explaining things so simply. 🙏🏼

[@ZC21322]

Very simple way to understand this complex process... thanks for this video ❤

[@ZainJafrey]

great tips!

[@MoaeezRehman]

Thank you for watching!

[@Keepitquiet23]

great video friend

[@MoaeezRehman]

Thank you for watching!

[@sonicherbs1705]

I felt as if this was geared towards Pre-con Condos more, rather than homes in general. I'm currently in process of building my custom home and he seems to have forgotten quite a few steps but it makes sense since this is geared towards condos.

[@sunnyday218]

So if someone is eligible now for mortgage and can get a pre approval letter now and provide it to builder and 3-4 down the road if they didn’t get the mortgage then what happen with deposit sorry in this instance?

[@MoaeezRehman]

If the purchaser is unable to close on the property, new build or resale, the buyer will forfeit their deposit and also be exposed to potential litigation for further damages. It is the purchasers responsibility to ensure their credit, income and debt ratio remain the same, or better, as they were when they received their pre-approval.
Hope this helps!
If any further questions arise, you may email me directly at [e-mail]

[@oddassembler]

Hey Mo, as a first time home buyer, Im trying to find a phase 1 or 2 buy in Calgary. Do you know anyone ?

[@MoaeezRehman]

Yes I do! Please email me at [e-mail]

[@saraA16161]

How long is interim occupancy ?

[@MoaeezRehman]

Great questions! While the interim occupancy time caries per project and city approval; the average I have seen is 3-12 months

[@saraA16161]

@@MoaeezRehman ok thank you

[@shrmilak.k6204]

Is it the 3% on the first deposit or the entire amount of the pre construction?

[@MoaeezRehman]

The percentage is calculated on the whole purchase price!
You can email me at [e-mail] for more info!

[@ahsanullahshahzad9857]

Hi Iam new in canada in Toronto I want pre construction condo I dont no How shoul I start

[@MoaeezRehman]

Hello!
Congratulations on moving to Toronto! You may use the link below to schedule a call with me. On that call, we can go over all your questions and I can better guide you on the next steps :)
calendly.com/soldbymo/consultation?month=2022-05

[@Telesiiy]

Salam Alaekum. How would you suggest saving for deposit payments for pre-construction? A big chuck of my savings to pay for my next deposit is in a mutual fund portfolio. But due to the market volatility, it is currently sitting at a loss and I am concerned about losing any more money. The earliest GIC with 4 months term won’t meet my next payment deadline either. And I don’t want all the funds to be sitting in checking account without earning no interest. Please what’s your advice on this?

[@MoaeezRehman]

I hear you! Missing a payment will put you in breach of contract. No matter what, I encourage you to prevent that from happening; even if it means having your funds sit in your account. Think about the bigger picture!
Hope this helps. You may email me at [e-mail] if you have any more questions!

[@SJSMchick]

How do I become friends of the builders 😁

[@Keepitquiet23]

Date them 😁