Ed Abdou
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Ed Abdou Quick Facts
With over 18 years of experience providing clients in the GTA with personalized real estate service, Ed Abdou has established an outstanding reputation as an invaluable member of the Harvey Kalles team. Website: http://www.edabdou.com/
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What to Expect from a Real Estate Professional?
An Explanation of the Process A REALTOR® will not take it for granted that you know all the ins and outs of the buying/ selling process. Instead, he or she will provide you with a full explanation of what to expect and that’s important so you’re not faced with any surprises along the way. An Assessment of Your Needs One of the first questions a REALTOR® will ask is, Why are you moving? A REALTOR® will also explore any time constraints you might have (perhaps imposed by the need to relocate for employment), your financial situation and any future plans.
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Greater Savings with a Larger Down Payment
The size of a down payment can vary. Depending on the type of mortgage, down payments generally range from 5% to 20% of the purchase price. To obtain a conventional mortgage, home buyers are required to put down at least 20% of the purchase price or appraised value (whichever is less) as a down payment. If you don’t have the necessary time or resources to save a full 20% down payment, you can choose a high-ratio mortgage and buy a home with a down payment of as little as 5%. This option is called a high-ratio mortgage and it requires you to purchase default insurance.
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Elements of an Offer Explained
There are six key components to the elements of an offer. They are: Price Depending on the local market conditions and information provided by me, your Real Estate Professional, the price you offer may be different from the seller’s price. Deposit Your deposit shows good faith and will be applied against the purchase of the home when the sale closes. As your Real Estate Professional I can advise you on an appropriate amount. Terms
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Renting vs. Home Ownership
This is a decision which many people face, and the decision is not as easy to make as it may sound. As a homeowner, you can reasonably expect the equity in your home to increase over time as your mortgage is paid down. That, combined with regular appreciation in property values, can be a rapid and rewarding way to increase your net worth. In contrast, the person renting over the same amount of time is left with no property investment but may have enjoyed lower living expenses and the opportunity to invest in other opportunities.
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Holding a Successful Open House
Most sales representatives will suggest a number of ways to market your home; however, if your agent has decided an open house would be advantageous, here are some suggestions to help make your open house successful. There are four steps to follow for a successful Open House. The first three are planning, promotion and presentation. Once you’ve done all that, the only step remaining is to cross your fingers and hope for good weather!
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Contacting Ed Abdou
Contact Ed
Address: 2145 Avenue Road, Toronto Ontario, M5M 4B2
Phone: +1 (416)-918-9144
Email ID: ed@edabdou.com