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The  expertise  of Loftstyles backed by the  power  of Brad J. Lamb Realty Inc.


Buying your first home is a very intimidating and stressful process. Over the last sixteen years and working with thousands of first time home buyers, here are my recommendations to anyone thinking about jumping into the condominium market for the first time.

  1. Be definitive about buying (i.e. you have decided you are going to buy a home)
  2. Get qualified for a mortgage. It is extremely vital that you know exactly what you can qualify to buy and what you're comfortable borrowing (see our automated mortgage qualification option below.)

Get educated. This is difficult and time consuming. Either spend the time it takes to be an expert or hire one. Real Estate agents can offer you a certain crash course in your preferred real estate in a few hours. The best part is that it is free. Buyers don't have to pay an agent a fee, the seller does.


Hire a Real Estate agent who is an experienced, qualified, educated sales expert. Since you've already found our website you don't need to look any further.


Know all the hidden and exposed extra costs. When buying a resale or existing condo, you need to be aware of certain closing costs. Contact me for this list of specific fees for the property you’re considering.


Condo fees are always due on the first of every month.


Property taxes are due in installments (usually 4 per year) or can be paid for you by your bank on a monthly basis.


It is quite possible that you will purchase a new condo from floorplans.


You will have all the closing costs above except for the last item on the list.


Below is a list of the other expenses you should expect when purchasing a new condominium:

  • Do not rush into anything but do not drag your feet either. Currently, and for the past eight years the real estate market in Ontario and the rest of Canada has been very strong.
  • Rushing into buying before you have seen four to eight properties or have been very well schooled by a knowledgeable and honest real estate agent is foolhardy.
  • Equally foolhardy is wasting everyone's time by dilly dallying when the right property comes your way. Be decisive and make your move. My observations have shown that indecision usually costs a buyer more than making an educated decision.
  • What to offer? I'm sorry that there is no rule book on what to offer.
  • Do not listen to any advice that tells you that there is a standard discount from an asking price. I have seen 25% discounts and 25% premiums. Too many factors are at play to offer you a rule. My best advice is for you to look at past sale comparables before making an offer and listen to your Real Estate agent's advice. This advice is the most important input you will ever get. If you have selected your agent wisely they will know exactly what to do.
  • Make an offer - just do it!
  • Cold feet. Every one except for sociopaths gets cold feet. It's expected and it's ok. If you've followed steps 1-7 you'll be ok. Proceed with confidence.


buying & selling


Loftstyles is connected to a large network of professionals who can help in the buying and selling of a home. Please contact me with your needs and I’d be happy to connect you to one of my trusted associates.


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Mortgage pre-approval is one of the most important steps in planning to buy a new home. Loftstyles and Brad J. Lamb Realty Inc. have partnered with KING WEST FINANCIAL to provide competitive rates and the best customer service in the business.


Contact King West Financial today.