7Estates

The Best Realtors That Provide Best Homes

7Estates is a team of real estate experts that have come together to identify and bring to you the best real estate investments opportunities in the Greater Toronto Area of Canada. We are specialized in pre-construction condos and townhouses and Detached homes.

Over the years, we have developed strong relationships with the top developers in Canada, so as to get our clients an early VIP access to all the top real estate projects.

Our Recent Property Listing

Express 2 Condos
Now Selling

Express 2 Condos

Price on call
  • Storeys 10
  • This project is developed by Malibu  Investments Inc. Developments Inc and is located at 10 Tippett Road.

    Sutherland Stayner
    Now Selling
  • Storeys 10
  • This project is developed  by Tresurehill  and is located in  Stayner Ontario and can be occupied in 2023

    Duo Condos
    Now Selling

    Duo Condos

    Price on call
  • Storeys 10
  • This project is developed by National Homes & Brixen Developments Inc and is located in Brampton

    Belmont New Castle

    Belmont New Castle

    Price on call

    Belmont is a new neighbourhood in the town of Newcastle. It’s located beside its namesake, the historic Belmont House is home to the 19th-century politician, surveyor, and renaissance man, Samuel Wilmot. Newcastle has earned accolades for being one of the

    Hillsdale Hometown
    Now Selling

    Hillsdale Hometown

    Price on call

    Hometown Hillsdale is a new master-planned community of detached homes on lots of 50’, 60’ and 100’ wide with depths from 120 to 200 feet.Presented by three builders of great communities, unique as the families that call this magical place

    Elle Condos
    Sold

    Elle Condos

    Starts from $500K
  • Storeys 10
  • Elle Condos is a new condo project by iKore Developments Ltd. It is in city of Scarborough. Sales of Elle Condos Mid 400s.

    Grand Festival Condos
    Coming Soon

    Grand Festival Condos

    Starts From $500K
  • Storeys 50
  • Grand Festival Condos is a new condo project by Menkes and QuadReal. It is in city of Vaughan. The Estimated occupancy of Festival Condos is in 2025.

    Grandbell Condos
    Coming Soon

    Grandbell Condos

    Price on call
  • Storeys 10
  • Grand Bell Condos is a new condo project by Lakeview Development Holdings Inc.. The new development will be located at 7 Erie Avenue, Brantford ON N3S 2E7. It is in city of Brantford .The Estimated occupancy of Grand Bell Condos

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    Our Team

    Subhash Sutar

    Resale Specialist

    Yash Sutar

    Preconstruction Specialist

    Bharat Chhabra

    Preconstruction Specialist

    Our Services

    Just Say the Word, We Can Do it all!

    Preconstruction

    Our team has extensive understanding of pre‑construction condos & Detached homes. We continue to educate ourselves on the latest investments and Real Estate market trends to help and further educate you, our valued clients. Once you register for a pre-construction project you will receive VIP first access to pricing, floor plans, availability and the very best incentives delivered right to your inbox.

    Resale

    With 10+ Years of experience in residential Resale market. We offer knwoedlge of purchase process, knowledge of the market and negotiation skills. We will help you throughout the process and make this transcation seamless.

    Assignment

    We make the assignment process seamless by having extensive knowledge in both pre construction and resale. We have a team or mortgagors & laywers to help you with this process.

    We Have Great Answers

    Frequently ask Question

    It is advisable to retain a lawyer at the very beginning of the pre-construction condo purchase. A lawyer will help you to review the Agreement of Purchase and Sale (APS), as well as other documents that you will need to review and sign throughout the purchase process. Depending on your needs, a lawyer’s main goal will be to help you save time and money, while simultaneously helping you understand legal terms and protecting you from the financial risks that can be associated with a pre-construction condo purchase. Understanding these important legal terms can mean the difference between giving the condo buyer a preferred right or imposing a heavy financial burden on the buyer. In short, involving a lawyer early in the process can help you to successfully complete one of the biggest financial decision of your life.

    When you want to purchase a pre-construction condominium you will need to put money down as a deposit. This deposit will sit in an Interest Bearing Trust Account and can be held for up to six or seven years. The developer can collect the interest earned on the deposits; however, in order to do so, the developer must issue the necessary tax documentation, which will require your SIN number. It is important to note that this sensitive information is always handled with the utmost care and will only be shared with the developer.

    A mortgage is not required until final possession. Final possession is typically 3-5 years after the first round of sales for a condominium in Toronto. At the time of the final possession, the deposit money that you have already paid will be applied to the purchase price.

    Simply put, an assignment sale is the sale – or an “assignment” of a contract to purchase a pre-construction condominium suite. An assignment sale is usually applied to the pre-construction condominium that has not been registered yet, so no one can take ownership of the unit itself. Only the contract can be sold. When you purchase a pre-construction condominium unit, you will be given an assignment clause/right in the form of a contract. You can choose to sell your assignment before the condom

    It is important to understand that every condo launch cycle will be slightly different. With this is in mind, as a developer goes through the stages, they will typically increase prices and remove various incentives. The following stages represent a typical new condo launch in Toronto; however, these stages are not indicative of every launch.

    STAGE 1 – FRIENDS & FAMILY

    This stage is typically not advertised and is only available to close friends and relatives of the developers. There is not typically an “event” to purchase at this stage. Friends and family members will be invited to purchase before the developer starts to sell to the public.

    STAGE 2 – PLATINUM LAUNCH

    The platinum launch is typically the best time for investors to purchase at a new condominium with the following perks:

    Day 1 pricing, typically much lower than the other stages of a condo launch

    Typically the best perks and incentives

    Best suite selection (the “prime units” are often sold during the platinum phase)

    STAGE 3 – VIP LAUNCH

    VIP Agents are those that sell pre-construction condominiums but not at the same volume as a Platinum Agent. They will be invited to the second round of sales, where prices are typically increased, perks and incentives are removed, and the best suites are usually already sold.

    STAGE 4 – TREB AGENT LAUNCH

    Developers will then open up their sales to any TREB agent who may have clients. At this time, a majority of the best suites have already been sold and prices have been increased significantly; however “purchase perks” might be added at this time.

    STAGE 5 – PRE-REGISTRATION INVITES

    If you register on a developer’s website, you will get an invitation to purchase before the majority of public buyers. At this point you do not need an agent to purchase, however, it is recommended that you have outside buyer representation to assist you through the process.

    STAGE 6 – PUBLIC OPENING

    The final stage of a condo launch is the public opening. By this time there have already been five previous purchase groups. In Toronto, our very basic rule of thumb is “if you are able to walk into a sales office without an agent representation, you are way too late”.

    Below are the typical steps involved in purchasing a suite at the beginning of a new condo launch. Platinum Agents tend to offer front of line access to the best projects and suites.

    1. Selecting the Project

    Perhaps one of the most important aspects is selecting the right project. This will involve consultations with your chosen Real Estate Professional.

    2. Selecting the Suite

    Once you have chosen the project, narrow down your selection for the best suite. This will include a floor plan analysis, the view, a range of floor choices, suite price, and determining how the suite will fit in your budget.

    3. Submitting a Suite Reservation Worksheet

    Once you determine which suite you are interested in purchasing simply complete a suite reservation worksheet and return it to your Platinum Agent. The worksheet will outline the suite you are interested in and what floors you would like to possible purchase that particular floorplan on. It will also include you contact information, your occupation. In addition, your Platinum Agent will ask for a copy of your ID to confirm that the information on the worksheet is accurate.

    4. Confirmation of Suite Allocation

    Your Platinum Agent will confirm the suite that has been allocated to you. Once you confirm that you wish to purchase the suite, you will make an appointment to sign the agreement. The suite will be held for you until that time.

    5. Signing the Agreement

    If the information that you provided on your worksheet is accurate, then the paperwork for the agreement can be prepared before you arrive. You will typically sign multiple copies of the same agreement so that all parties have a copy.

    6. 10 Day Recession Period

    Once you sign the agreement, you will have a 10 calendar day “Cooling off Period.” The developer is required to give you this time period to review your agreement and suite decision. We recommend that you do the following during this period:

    Have a Lawyer review your agreement. A lawyer will read through the agreement and highlight any issues that may be of concern

    Get pre-approved by a mortgage broker. If there are any problems within the 10 days, you will be able to cancel the agreement with no penalty.

    7. Deal goes firm & Deposits Cashed

    On the 11th day, the deal will automatically go firm and the first deposit cheque will be cashed.

    A mortgage pre-approval is a statement from a lender that says you are qualified to borrow up to a certain amount. It also includes a specific pre-approved interest rate, though this number can change depending on how soon you put in an offer on a home since mortgage rates are variable. To come up with the promised loan amount, lenders take into consideration the same factors they would consider for a traditional mortgage approval, including your debt to income ratio and your credit score. The better your financial situation looks, the more you’ll be pre-approved to borrow.

    So why is that piece of paper so key? In this article, we’ll go over four of the biggest reasons why getting a mortgage pre-approval is important for buyers.

    1. It Lets You Know What You’re Working With

    There is so much to consider when you’re looking to purchase a new home. From what location you want to live in to what your must-haves are in a house (and alternately, your deal-breakers), you need to juggle a lot of different needs in order to end up with the best home for you and your family. And one of the biggest needs to juggle is going to be cost.

    2. Buying a home is a major investment, and most of us aren’t paying for the whole thing up front in cash. When you get a mortgage pre-approval, you’re able to set your budgetary limits and make sure that any home you’re looking at is a home that you will be able to finance.

    3. It Makes You a More Attractive Buyer

    There are two types of markets: buyer’s markets and seller’s markets. In a buyer’s market, inventory is high and demand is low and you have a lot more lee-way in terms of the purchasing process. In a seller’s market, however, inventory is low and demand is high, and buyers need any advantage they can get on their side if they want to eke out the competition.

    Most markets go back and forth between these two varieties season to season and/or year to year. And if you’re looking to buy in a seller’s market, then one of the advantages that you’re definitely going to want is a mortgage pre-approval.

    Consider this: if there are two buyers making an asking price offer on a home and only one has a mortgage pre-approval, who do you think the seller is going to be more likely to go with? In almost all cases it’s going to be the buyer with a pre-approval, since there’s a lot less risk to the seller of the deal falling through due to lack of appropriate financing.

    4. It Gives You More Room to Negotiate

    In addition to making you a more attractive buyer, a mortgage pre-approval also lends you some flexibility in terms of bargaining and negotiations. That’s because sellers who know that a buyer is already qualified for the offer amount may be more likely to make some compromises if it means the sale is a sure thing.

    Buying real estate is potentially one of the largest purchases you will ever make, so you probably already know how important it is to take it seriously. Real Estate Agents are highly trained professionals who need to know the ins and outs of the industry before they can get certified. In addition to the training, many Platinum Agents have over a decade of experience.

    You should also keep in mind that the on-site sales team works directly for the developer, so they’re interested in selling their project and their project only. As platinum brokers, we protect your interests by representing you, not the developers.

    We are here to support you. We’ll guide you through the complicated purchasing process and make sure there are no surprises. Our specialties in pre-construction also means we can educate you about developers, the site plans, different layouts, market trends, pre-construction closing costs, the lease process and carrying costs if you’re an investor. We can show you multiple options in any given area too, something the developer’s sales team won’t do.

    One of the biggest perks of going with a Platinum Agent is that we have access to projects before they’re released to the public, giving you first choice of suites at the lowest price. By the time the developer is selling to the public, many of the units will likely be sold and the remaining inventory will have increased in price.

    The best part about going with a Platinum Agent? It doesn’t cost you a thing.  This is because our commission is paid by the seller, not the buyer.

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