• Keller Williams Edge Realty logo
  • Keller Williams Edge Realty, Brokerage
    105-3027 Harvester Road
    Burlington, ON  L7N 3G7
Staged Home Ready for Selling
Pinterest

GETTING PRE-QUALIFIED FOR A MORTGAGE IS VERY IMPORTANT.

Getting a mortgage is an important and rather daunting task. Getting pre-qualified for a mortgage makes it easier for you to purchase the home of your dreams. Make sure you have a commitment on paper from your bank or mortgage broker. (Many people scramble at the last minute because they think they are qualified and the bank has done a very quick "off the cuff" estimate. Make sure they've done a full financial disclosure and credit check).

Once qualified you will know:

  • Exactly what you will pay monthly and can budget
  • Exactly what you can afford (and not fall in love with the wrong house!) down payment amount, where it can come from
  • Closing costs approx. 1.5% to 4% of purchase price (according to CMHC)
  • If you're a first time buyer you may qualify for a program that may afford more home for your money and a better lifestyle!

Ultimately it saves all of us time in finding the right property for you!

Call me if you'd like me to get you in touch with an excellent mortgage broker who can save you time and legwork by shopping all financial institutions (lenders) for you.

DOLLARS & CENTS OF HOME BUYING

The cost of buying a home involves many aspects including a house inspection fee, title insurance, land transfer tax, adjustment costs, mortgage or life insurance, moving costs, set up costs, etc.

TITLE INSURANCE

Title Insurance can be purchased to protect the Lender and/or Buyer against any defects resulting from title irregularities, survey flaws, title fraud, unregistered easements and other conditions that could exist at the time of purchase.

It also provides coverage for any existing by-law violations (like a building being too close to a sidewalk or other property, or a driveway being too wide), encroachments, legal rights of access and other title-related problems that could devalue the property.

LAND TRANSFER TAX

You will pay a one-time provincial tax based on a percentage of the purchase price of the property, which is calculated on a sliding scale. For example, if you purchase a property for $260,000 in Ontario, .5% is charged on $55,000, 1% is charged on $55,000 to $250,000, while the $250,000 to $400,000 range is taxed at 1.5%. Your total tax bill will add up to $2,375. Your lawyer pays it to the government on the closing date.

Quick LandTransfer Costs Calculators Formula

  • $0 - $55,000 Cost of Home x .005
  • $55,000 - $250,000 Cost of Home x .01 minus $275
  • $250,000 - $400,000 Cost of Home x .015 minus $1,525
  • $400,000 + Cost of Home x .020 minus $3,525
  • (Single Family Dwelling/Duplex)

For more info please visit Ontario Ministry of Finance Calculating Land Transfer Tax

LandTransfer Costs Examples

Cost of Home Total Land Transfer Tax
$250,000 $2,225
$400,000 $4,475
$450,000 $5,475
$300,000 $2,975
$350,000 $3,725

What Clients Say…

Laurence is an absolute joy to work with; she is extremely knowledgeable, pleasant, full of energy, and dedicated to getting the job done. She managed to make everything to do with selling our home seemed almost effortless. I can't imagine selling our home without her! — Shelley M.
Laurence worked diligently at following up with each person who viewed the property... always available to let me know what kind of feedback she was receiving. — Stephanie B.
You always were there, available, and kept in contact with us when needed. You were self-motivated with an unbelievable amount of drive. — John & Rose-Anne P.
You are at the top of your class. I don't know of anyone that works as diligently at selling a property as you do! You have such an admirable work ethic and I have seen first hand how dedicated you are to your clients. — Dianna D.
The process of selling our house and purchasing another was made painless and exciting by you. Your tactful negotiation skills were invaluable in purchasing our dream home. — Maria & Jean-Michel B.
You were prompt, energetic, thorough and always had our best interest in mind. Selling our home for full asking price in just 19 days and finding a new one in less than a week is a true testament to your relentless commitment to excellence. — Angelo M.
I still think about it, it went so fast, I have a challenging work schedule, I needed a place fast and you came through and I trusted you. — Joseph D.
We are still amazed that it all happened so quickly and smoothly. You are an excellent listener, honest, reliable and caring. — Pina F & James A.
Just want to say thank you for your hard work and dedication in getting my home sold. You were very organized, professional and honest. It was a pleasure to work with you. — Gail A.
The best part of working with Laurence, besides her great skill of staging, was the fact that she made us feel like we were her only client even though we knew she was extremely busy. Overall, it was a very pleasant experience. — Greg & Lindsey W.
The staging job that Laurence did was fantastic! We barely recognized the house when it was done. Laurence was bursting with energy and enthusiasm and remained positive, reassuring and confident throughout the whole process. We listed our home Tuesday morning and by Tuesday night it was sold!!! — Shelley M.
Laurence, did an amazing job of representing us and selling our home. She is a hard-working, dedicated, knowledgeable, highly professional, and passionate - Real Estate Agent! We highly recommend Laurence as an agent, home stager, and negotiator to anyone considering buying or selling a home. Jim & Judy N. — Jim N.
Laurence did a phenomenal job representing us both for the sale of our property and the purchase of our new home. She took the time to work closely with us to make sure she understood all of our needs and wants for both the sale and purchase. We were also very impressed with her detail-oriented focus, knowledge of the market, and the effort she put into making sure things went smoothly. Right from the start Laurence took the reins and we knew that we were in good hands. Thanks for everything Laurence! — Ron and Leslie Quinsay
We worked with Laurence when it was clearly a Sellers Market. Laurence was persistent and helped us find a home in an area unknown to us. Thanks to Laurence's expertise and proactive approach we were able to avoid a bidding war and we got a great home for our family. We enjoyed working with Laurence, every step of the way. — Andrea B & Stephen M
Nous avons fait affaire avec Laurence alors que le marché était nettement favorable aux vendeurs. Laurence a été persistante et nous a aidés à trouver un domicile à notre goût dans un secteur qui ne nous était pas familier. Grâce à l’expertise et l’approche proactive de Laurence, nous avons pu éviter une guerre d’enchères et devenir propriétaires d’une maison exceptionnelle pour notre famille. Ce fut un plaisir de faire affaire avec Laurence du début à la fin du processus. — Andrea B & Stephen M
When my wife and I bought our first home together, Laurence was instrumental in finding the right home of us. Laurence will take the time to listen to your needs, and understand your situation. She works tirelessly to comb though your desired area, finding gems that best suit YOU, your budget, needs, and wishes. She is very professional, organized, and well connected within the community, all of which is very much to the client's benefit. Above all, she is a really easy person to get along with and will make the often stressful and overwhelming process of home buying, painless and exciting! I highly recommend Laurence Mongeau for your real estate needs! — Alex & Teresa H
Nous recherchions un courtier immobilier afin d’acheter une maison en Ontario. Une amie nous a donc recommandé de contacter Laurence Mongeau. Très rapidement, il y a eu un premier contact par courriel et ensuite par Skype. Nous avons vite constaté que Laurence possédait les qualités professionnelles que nous recherchions. En effet, Laurence : - Offre un excellent service à la clientèle; - Apprend à connaître ses clients et repère vite leur besoin réel; - Est parfaitement bien organisée; - Met un point d’honneur à obtenir le meilleur rapport qualité/prix pour ses clients; - Assure une totale transparence et donc priorise la communication avec ses clients; - Maîtrise bien le français et la culture francophone; - Offre une très large disponibilité pour ses clients; - Possède un réseau de contacts professionnels (inspecteurs, collaborateurs courtiers, etc) très compétents dans leur domaine; - Est très à l’aise avec les nouvelles technologies. C’est donc pour toutes ces raisons qu’à notre tour, nous vous recommandons très chaudement d’utiliser les services de Laurence Mongeau. Nous sommes certains que vous bénéficierez d’un service de haute qualité! Merci beaucoup Laurence pour l’excellent service que nous avons reçu! — Hélène P & Sébastien T
Laurence Mongeau treated us like family, guiding us to make this, the biggest purchase of our lives, the smartest move we ever made. We happened to be buying our first home during this crazy real estate boom, where list prices were only starting points in major bidding wars, and the inventory of homes available within our budget was limited. But Laurence handled these challenges with grace and professionalism, and kept us feeling positive throughout our search. We always felt we had options, and whatever house, whenever we asked, she got us a private showing. She accompanied us through every visit, and went in ALL the basements (even the scary ones!). She asked the tough questions, and got us the answers we needed. She warned us about potential problems, sharing her experience and knowledge with us, while pointing out the positives of each property without pressure. She always made us feel important, and that our search for the perfect home was her top priority. In the end, it was a very happy outcome. We purchased the perfect home for us, and we owe it all to Laurence. She was the one who found us our dream first home and it was her experience and strategy that helped us "win" it! And we truly feel like we did win, because we had the best agent in the biz on our side. Thanks, Laurence, you're number 1! Karina and Andrew J — Karina

Follow Laurence


Accredited Staging Professional logo

Master Certified Negotiation Expert