New FINTRAC** Rules Governing Real Estate
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July 5th, 2008 
Tino Sequeira
647-207-8466

Sales Representative

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I have been receiving inquiries from buyers to buy homes in various areas of Mississsauga, including, but, not limited to: 10th Line, 9th Line, Alderwood,  Applewood Acres, Applewood Heights, Applewood Hills, Argentia Rd,  Battleford, Bough Beeches Blvd, Bristol Rd, Britannia Rd, Burnhamthorpe Rd, Cawthra Arena, Cawthra Rd, Central Parkway, Central Pkwy, Churchill Meadows Blvd, Civic Centre, Clarkson Rd, Confederation Pkwy, Cooksville, Courtneypark Dr, Credit Valley Rd, Credit Woodlands, Creditview Rd, Derry Rd, Dixie Rd, Doug Leavens, Dundas St.W,  Eastgate Pkwy, Eglinton Av, Erin Centre Blvd, Erin Mills Pkwy, Erin Mills, Erindale Woodlands, Erindale, Evans Av, Fairwind Dr, Fallingbrook Dr, Fieldgate Dr, Folkway Dr, Frank McKechnie Community Ctr, Glen Erin, Hurontario St, Kennedy Rd, King Rd, Kingsbridge Garden Cir, Lakeview, Levi Creek, Lisgar, Living Arts Centre, Lorne Park, Malton, Markland Wood, Marvin Heights, Matheson Blvd, Mavis Rd, McLaughlin Rd, Meadowvale Town Centre, Meadowvale Village, Meadowvale, Millcreek Dr, Mineola Rd, Mississauga Board of Trade, Mississauga Rd, Mississauga Valley, Ninth Line, Orchard Heights, Osprey, Pearson Airport, Plains Rd, QEW, Queen St, Queensway, Rathburn Rd., Ridgeway, Ridgewood, Riverwood Park, Robert Speck Pkwy, Sandalwood Park, Sheridan Homelands, Sheridan Park, South Common, Southdown Rd, Square One, Streetsville, Tenth Line, Terry Fox Way, The Collegeway, The East Mall, The West Mall, Thomas St, Tomken Arena, Tomken Rd, Torbram, Trelawny, Truscott Dr, Waterdown Rd, Winston Churchill Blvd, York Blvd, etc. 

Following are common mistakes that most home buyers make:

•·       Deciding to buy a home without reviewing all their financial assets and options

•·       Looking at various newspaper ads and other postings which do not show the proper address nor give the MLS numbers. Many of these postings are either old or a "set up" by unethical realtors who practice the "fish and grab" technique. They are not true listings of homes, but, rather pictures to entice gullible buyers to call them. Once buyers call the REALTOR®, he or she will tell the caller, that property has been sold, and a similar one is available, etc.

•·       Not deciding nor requesting the REALTOR® on the area and type of home (i.e. freehold town home, condo town home, semi detached, or detached home, etc.) they would like to buy once they qualify.

•·       Not seeking a REALTOR® who has good credentials and references.

•·       Not asking the right questions to the REALTOR®. (For further information on asking the right questions, please check 20 Questions to ask your REALTOR®).

•·       Listening to the real estate advice of unlicensed people without corroborating the facts with a licensed and ethical REALTOR®.

•·       Not receiving a plan of action from the REALTOR® which outlines the strategy the REALTOR® will use to find the buyer their dream home sooner than later.

•·       Not having liquid cash in the bank to first pay the deposit that accompanies the offer and then the amount towards down payment.

The above mistakes sometimes lead to the home buyers paying more than what the REALTOR® could have negotiated at the time of making the offer. They also cause wastage of time to search for properties which are not "real" since the home buyer saw the "bogus posting" on some publication which is not true. Very often, home buyers complain about unethical and "pushy" real estate agents, which could have been avoided if the home buyer had asked the right questions.

Finally, to avoid the "home buying stress" it is recommended to avoid the above mistakes as much as possible. On the other hand, first time home sellers have "high real estate commissions" as one of their stress creators and very often seek to sell their homes at 0% commission. To address this concern, please refer to 0% commission on this website.

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