Toronto Real Estate Agent, Local Expert, Agent of your Choice, Najibuddin Shams

IF YOU ARE SELLING A RESIDENCE

2007-07-05T20:02:00.000-07:00

A. Payment to You of Proceeds After Closing and Spousal Consent

(Will be provided later)

IF YOU ARE PURCHASING A RESIDENCE

2007-07-05T20:00:00.000-07:00

A. Moving Time and Keys on Closing
(will be provided later)

INSURANCE

2007-07-05T19:05:00.000-07:00

THERE ARE THREE (3) TYPES OF INSURANCE

1. CONTENTS AND LIABILITY INSURANCE
FIRE/CONTENTS INSURANCE: NON-CONDO PURCHASE

The purchaser is responsible for arranging house insurance for the full guaranteed replacement value of the property prior to closing to be effective on the closing day with the insurance policy setting out the mortgage lender as a loss payee under the policy. A law office will not be able to close the purchase of a non condominium should a written insurance binder not be received by fax from the insurance company confirming prior to closing. Please ask your insurance agent to forward an insurance binder letter to your law office confirming that the coverage arranged is for guaranteed replacement cost and showing the name and address of the mortgage company. Note: A binder letter must be received by the law office by fax or by mail before a house purchase (NON CONDOMINIUM) can be completed.

FIRE INSURANCE: CONDOMINIUM PURCHASE:

Although the condo corporation maintains insurance for the entire condominium project, it will be necessary for the purchaser to arrange insurance coverage for the condo unit's contents and liability effective as of the closing date (or effective as of the occupancy date if buying a new condo from a builder). Ask your insurance broker to provide a condominium unit owner's policy and not a tenant's policy. NOTE: The condo corporation's insurance will typically only cover whatever was originally provided by the builder and not upgrades or improvements installed at a later date.

ALSO, confirm that your condo unit insurance will pay for any deductible owed by the unit owner under the condo corporation's insurance policy.

IF YOUR SELLING

DO NOT CANCEL YOUR PROPERTY INSURANCE until the transaction has in fact closed. Do NOT (anticipate of a closing date) inform your insurance broker to cancel an insurance policy to become effective on the proposed date of closing, should there be any last minutes delay in closing, you do not want a situation to arise where you are continuing as a legal owner of a property with cancelled fire insurance.

NOTE: A special insurance binder must be arranged with your insurance agent for a property that will be vacant for more than 30 days.

2. LIFE INSURANCE TO COVER THE MORTGAGE

It is important to consider insuring the life or lives of the main breadwinner(s) so that the mortgage could be paid off from the proceeds of life insurance in the event of an untimely death. Temporarily, one might consider placing such insurance through the mortgage lender; however, the mortgage lender's insurance can be terminated by the buyer as soon as an alternative insurance provider is arranged. The mortgage lender is not the best provider of such life insurance for several reasons:
a. The mortgage lender's life insurance is usually more costly than a direct insurance provider.
b. When a purchaser later switches lenders or renews the mortgage, one might have to re qualify for the insurance by answering a questionnaire (which might pose problems for coverage if one's medical condition has changed) if the mortgage lender's insurance was used rather than a direct insurance provider.
c. With a mortgage lender's insurance, if one later switches to a different mortgage lender, premiums for the new life insurance for the replacement mortgage will be based on the current age (one will be older at the time) with higher premiums; age would not be a consideration when switching mortgage lender at a later date if a direct insurance lender has been used in the first place and if the insurance program with the direct insurance lender is ongoing.

3. TITLE INSURANCE

Title insurance policy will provide title protection against title defects, survey issues, liens, work orders, frauds, forgery, etc. as provided by the PLATINUM TITLE INSURANCE POLICY issued by First Canadian Title Insurance Company. The title insurance policy order will be sent to you after closing the purchase and such policy will exist for your entire period of ownership of your residence, no matter how many years you own the property. Should you not want title insurance to be ordered, you must inform your lawyer in writing at least one week before closing.

CENTURY 21 King's Quay Real Estate Inc., Brokerage

2007-06-04T16:38:00.000-07:00

About My Office CENTURY 21 King's Quay Real Estate Inc., Brokerage

CENTURY 21 King's Quay Real Estate Inc. Brokerage has achieved the ultimate distinction of being the Number One Office by units and value of listing sold in the year 2004 - 2006 in districts E05, E07, N10, N11 (combined). CENTURY 21 King's Quay Real Estate Inc., Brokerage has been in business for over 25 years. We advertise daily with the best and the biggest advertising section in the number ONE Chinese Newspapers such as Singtao. Our listings appears not only on the MLS System that exposes your property globally, but also on the CENTURY 21 Canada Award winning Website, the Singtao Website and many more to list.
In 2006, across Canada, our office is ranked number FOUR in production, in the CENTURY 21® System. We have approximately over 125 agents. And believe it or not, if we combined all the experience within our Brokerage, we would have over 300 years worth of experience. Since 1992, our office has been awarded the CENTURION® Award every year. I have the full support of my office should I need it.
CENTURY 21® is the largest real estate organization in the world with more than 7800 offices in over 42 countries and 143,000 most trusted and most powerful agents of change which creates the huge CENTURY 21 Global Referral Network® System (CGRN®) in real estate. I PROUD TO BE PART OF THIS STRONG TEAM! Please follow the link bellow:
CENTURY 21 King's Quay Real Estate Inc. Brokerage (FOR LISTINGS AND MORE INFORMATION)

Detached Bungalow for Sale on Bratty Road, Toronto, Ontario

2007-06-01T23:36:00.000-07:00

http://www.mls.ca/PropertyDetails.aspx?PropertyID=5827310

Large Detached Bungalow with Big Size Lot and Basement Apartment. 3 + 2 Bedrooms with 3 full Washrooms as well as huge Driveway with an attached garage. This Sun Filled South facing Bungalow is located in a very quiet and established area where it is close to many amenities such as schools (Backing to Derrydown Elementary School and close to C W Jefferys Secondary School), minute walk to Bratty Park, Sentinel Park, and Northwood Park http://www.toronto.ca/parks/parks_gardens/northwood.htm
Shopping Plazas, York University, close to major Hwy.

This fabulous property offers Hardwood floor on main floor, new thermal windows (3.5 Yrs.), New Roof (3 Yrs.), New Broadloom in Basement Bedrooms, New Tile in Basement Living Room and Rec Room.

Lot Size: 55 x 113 Feet
Type: Detached
Style: Bungalow
Main Intersection: Keele / Finch
Number of Bedrooms: 3
Number of Washrooms: 3
Number of Kitchen: 2
Basement: Finished with Separate Entrance
Exterior: Brick
Heat Source: Gas
Water Source: Municipal
Asking Price: $389,900
Property Tax: $2675.37 (Year 2007)
Possession Date: TBA
Zoning: Residential
http://maps.google.com/maps?hl=en&q=22+bratty+road+toronto+ontario+m3J+1E9&ie=UTF8&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;t=h&om=1&ll=43.758294,-79.495504&spn=0.005564,0.013969&z=16
For more detail visit Website: http://www.najibshams.com/ for Virtual Tour click Bellow http://najibuddinshams.point2agent.com/Listing/VirtualTour.ashx?listingid=1185198

THE ROLE OF THE SOLICITOR IN A RESIDENTIAL PROPERTY PURCHASE:

2007-05-30T22:22:00.000-07:00

ONCE THE OFFER HAS BEEN ACCEPTED

Once the Agreement of Purchase and Sale has been signed, you should bring same to your solicitor as soon as possible.

Once the offer has been accepted, your solicitor should explain to you your obligations under the contract. The solicitor should also advise you as to what expenses you are likely to incur with respect to the closing procedures, including Land Transfer Tax, disbursements and legal fees. If you are buying a new home from a builder, the solicitor should provide you with an estimate as to how much you should budget for "hidden charges" such as Ontario New Home Warranty Enrolment Fee, Hydro and Water meter installation charges, Fencing charges, Grading Deposit charges, etc. If all of the conditions in the Agreement have been met and the Offer is firm, the solicitor proceeds to investigate the title to the property. Initials searches include utility searches, property tax searches, building, zoning and planning searches and searching registered title to the property.

UTILITIES

Letters are sent by your solicitor to all municipal or regional utility departments confirm that there are no arrears or outstanding charges for gas, water or hydro; that there are not conditional sales contracts, easements or unregistered agreements, liens or other encumbrances affecting the property or equipment being left by the vendor. These letters also verify if the equipment on the property is rented or owned and they also advise the various utility departments of the scheduled closing date, the new owner's name and the name of the vendor's solicitor. These letters also request information as to the type of billing and if the billing is metered, to do final meter readings on the scheduled closing date and to forward final bills to vendor, in care of his solicitor. Each department has a set fee for replying to these letters and these fees are paid by the solicitor on your behalf and shown as disbursements on your account.

TAXES

A Tax Certificate is requested by your solicitor to verify the amount of the current year's taxes and to inquire as to arrears and outstanding charges for taxes for the current year and any preceding years. Additional information is requested as to local improvement charges, charges for work orders, snow shovelling, demolition, hydro, water or other public utility, charges under the Telephone Act, The Fire Marshall's Act, the Public Health Act, or the Weed Control Act, charges or special rates under the Tile Drainage Act, the Shoreline Assistance Act, or any other charges forming a lien by the Municipality against the property. Each Tax Department has a set fee for providing a Tax Certificate and this fee is paid by your solicitor on your behalf and shown as disbursement on your account.

BUILDING & ZONING

A letter is sent by your solicitor to the Building and Zoning Department together with a copy of the survey for the property to reveal the full particulars of zoning by-laws and restrictions relating to the distance from the street and side and rear lines, type of construction, lot areas and building areas, lot frontage and depth requirements and permitted uses. This letter also requests information regarding any occupancy permit or completion certificate requirements, full particulars of any outstanding work orders or similar requirements, whether all subdivision agreements and similar agreements have been complied with and fully carried out. Each Building and Zoning Department has a set fee for providing this information in the form of a Building Compliance letter and this fee is paid by your solicitor on your behalf and shown as disbursement on your account. It is important that you provide your solicitor with a copy of the survey for the property as soon as possible if you have received one from the vendor or real estate agent. If no survey is available, it is important that you let your solicitor know so that (s)he can advise how your interests can be protected.

TITLE SEARCH

A Search of title to the property is commenced in the appropriate division of the Land Registry Office to determine whether or not the vendor is the owner of the property, whether or not he has the right to convey the property, and that the property is not subject to any encumbrances, encroachments, easements, liens, agreements or mortgages that were not disclosed in the Agreement or Purchase and Sale. The Solicitor's search of title includes ensuring that all appropriate legislation regarding the conveyance of property has been complied with in connection with the property and with adjoining lands for a period of 40 years of prior title. The Registry Office has set fees for viewing the parcel abstract books and for providing copies of the relevant pages of the property abstract and documents, plans and prints registered on title. These fees are paid by your solicitor on your behalf and shown as disbursements on your account. This search is completed prior to the Date for Requisitions shown on the Agreement of Purchase and Sale and is again up-dated on the day of closing.

EXECUTION SEARCH

A search of Executions is completed in the appropriate Sheriff's Office to ensure that there are no executions against the vendor or prior owners of the property that would affect your title. Executions are filed by Creditors against Debtors when a Judgment in court awards the Creditor and amount to be paid by the Debtor. Executions are also searched against purchasers when the purchase is being financed by means of a mortgage. Your solicitor may be acting on your behalf as purchaser and on behalf of the mortgagee. He must also ensure that the mortgagee will have a good and valid mortgage registered on title and that there are no executions against you as mortgagor that would affect the mortgagee's interest in title. Executions are searched prior to the Date for Requisitions and again on the day of closing. The Sheriff's Office charges $11.00 per name to search executions and these fees are paid by your solicitor on your behalf and shown as disbursements on your account.

REQUISITIONS

Once the initial searches have been completed, and prior to the Date for Requisitions shown on the Agreement of Purchase and Sale, your solicitor will prepare and deliver a letter to the Vendor's Solicitor requesting that any items revealed in the initial searches be dealt with on or before closing. This letter will include a number of documents prepared by your solicitor for execution by the vendor, including undertakings, warranties, bills of sale and declarations with respect to various Acts that affect the transfer and ownership of the property. It is important that you provide your solicitor with a copy of the Agreement of Purchase and Sale well in advance of the Date for Requisitions to ensure that all matters affecting title are dealt with prior to closing.

FINANCING

While your solicitor is completing his initial searches, it is your responsibility to make necessary arrangements for financing. You should have decided, prior to signing the Agreement of Purchase and Sale , the amount of financing you will qualify for and the amount you will require to complete the transaction. There are a number of expenses that you may not expect on the day of closing that relate to mortgage financing. Your solicitor can advise you of these costs when the financial institution that you chose provides you with a Mortgage Commitment Letter. Prior to signing this Mortgage Commitment Letter it is advised that you consult with your solicitor to review the contents of this letter and the results of signing it.

Once you have signed the Mortgage Commitment Letter, you should provide your solicitor with a copy of it. Your financial institution will provide their solicitor with a copy of the Mortgage Commitment Letter and quite often your financial institution will allow your solicitor to act on their behalf as well, in order to reduce your costs. Ensure that you notify your financial institution of the name, address, phone number and fax number of your solicitor as soon as you have arranged the financing.

If your solicitor is acting on behalf of the financial institution, he will be provided with a package prepared by them together with instructions and conditions with respect to the mortgage. Your solicitor will prepare all necessary documentation for the mortgage and will be required to submit them to the financial institution for approval prior to closing. Your solicitor must ensure that all conditions of the Mortgage Commitment Letter are met and must also certify title of the property to the financial institution on closing.

GOVERNMENT PROGRAMS

Your solicitor should advise you as to whether or not you can benefit from any government programs designed to assist home buyers from time to time. Those programs include Land Transfer Tax Rebate programs, Ontario Home Ownership Savings Plans, RRSP plans, together with details as to how the CMHC 5% Down Payment works.

FIRE INSURANCE

If you are financing your home purchase by means of a mortgage you will have to arrange for fire insurance to cover the property from the day of closing. You should advise your insurance broker of the name, address, phone number and fax number of both your solicitor and of the financial institution providing your mortgage. the mortgagee mush be noted on the policy and a binder letter must be received by your solicitor confirming that insurance coverage is in place effective on closing and noting the interest of the mortgagee thereon. Be sure to explain the importance of this to your insurance broker as the financial institution will not advance funds to close your purchase until they know that there is insurance on the property.

BEFORE THE DAY OF CLOSING

You will be required to attend at your solicitor's office a few days prior to closing to sign all necessary documents and to provide your solicitor with the balance of closing funds by way of certified cheque. At this time all aspects of your purchase and financing will be reviewed and if you have any questions you should feel free to ask at this time.

NEW HOME PURCHASES

If you are purchasing a new home from a Builder, you will be contacted by the Builder a few days prior to closing to complete HUDAC inspection of the home under the Home Warranty Program. A representative of the Builder will complete this inspection with you and you should be sure to note any deficiencies on the form provided by the Builder. This form is call a Certificate of Completion and Possession and is your insurance that the Builder will rectify any deficiencies noted on the form within one year.
If you are financing your home by means of a mortgage your mortgagee will require a copy of this form prior to advancing funds. You should try to arrange for your appointment with your solicitor to follow your inspection of the property and your solicitor will ensure that a copy of the Certificate of Completion and Possession is provided to the mortgagee.

CLOSING DAY

Your solicitor will make arrangements to exchange signed documentation required by your financial institution for the mortgage advance cheque on the day of closing. The proceeds of the mortgage advance and any funds provided by you will be deposited to your solicitor's trust account and your solicitor will prepare and certify the necessary cheques for closing in accordance with the vendor's direction.

Your solicitor will arrange to meet with the vendor's solicitor at a mutually convenient time at the appropriate Land Registry Office where he will sub-search title and complete final execution searches. Documents, keys and cheques will be exchanged and your solicitor will attend to the registration of all necessary documents. Once the documents have been registered the vendor's solicitor may release the funds to his clients and your solicitor may release the keys to you.

If you are purchasing a new home through a Builder, your keys may be released at the Builder's site office near your new home. Your solicitor will advise you if this is the case. You should provide your solicitor with a telephone number where you can be reached on the day of closing if your home number is being disconnected on that day. After closing you may pick your keys up at the solicitor's office and move in to your new home.

AFTER CLOSING

When you move in to the new home check to see that all items noted in the Agreement of Purchase and Sale and indicated as included in the purchase price are left on the property by the vendor. If you believe something is missing, contact your solicitor immediately.

After closing your solicitor will prepare a reporting letter to you certifying your title and explaining all aspects of the transaction. This reporting letter will also contain copies of all necessary documentation, your Statement of Account, and Trust Ledger Statement, a survey to the property, the Duplicate Registered Transfer/Deed of Land and a copy of the registered Charge/Mortgage of Land (where applicable). You should keep this letter and these documents in a safe place for future refinancing or sale of the property.

IF AT ANY TIME YOU HAVE QUESTIONS OR CONCERNS WITH RESPECT TO YOUR PURCHASE TRANSACTION DO NOT HESITATE TO CONTACT YOUR SOLICITOR AND DISCUSS THE ISSUES THAT CONCERN YOUR. YOUR SOLICITOR WILL USUALLY CHARGE A FLAT RATE FEE FOR COMPLETING A BASIC TRANSACTION AND YOU WILL NOT BE BILLED ABOVE THE FEE QUOTED TO YOU FOR TELEPHONE CALLS AND ATTENDANCES AT HIS OFFICE IN THE NORMAL COURSE OF HIS ACTING ON YOUR BEHALF.
For more details contact Najib Shams, your local REALTOR, at http://www.najibshams.com.

55 Elm Drive West (Mississauga)

2007-05-15T11:57:00.000-07:00

Luxury Tridel Built. A Rarely Find Luxury 2+1 Condominium Suite In Excellent Location Minute To Hwy and The Square One Mall. Approximately 1200 Sqft With Unobstructed S.W Lake View,Well Kept Unit, Rooftop Sports&Entertainment Center, Pool, Gym, Sun Deck.

Want to list or buy with a trustworthy Realtor, please visit:http://www.najibshams.com for more details to help you have a smooth transaction.

http://maps.google.com/maps?f=q&hl=en&q=55+elm+drive+west+Mississauga,+Ontario&sll=49.95122,-95.625&sspn=42.355428,112.5&ie=UTF8&om=1&ll=43.591115,-79.632919&spn=0.005781,0.013733&z=16&iwloc=addr

Your Platinmum Rouge Local Expert Real Estate Agent

2007-04-30T15:38:00.000-07:00

THE PLATINUM ROUGH VALLEY

Comfort. Convenience. Carefree Living.

The Luxurious Platinum Rouge Valley offers twelve storeys of superb suites in unique and discriminating designs. Every step has been taken to ensure a sense of style and space while accommodating the varying needs of individual lifestyles.

Located in the north easterly part of Metropolitan Toronto. The Platinum Rouge Valley is well-served by adjacent schools, while nearby commercial establishments provided ample opportunity for neighbourhood shopping. Enjoying excellent exposure on a prominent intersection, this impressive property offers excellent access to transportation facilities, Highway 401, the transit system and Port Union "GO" station.

Recreational enthusiasts will be impressed and delighted with the close proximity of the popular Rouge River ravine and conservation areas. In addition, the world-famous Metro Toronto Zoo is only two miles distant. The building and services are maintained to the highest standards by a complete and competent full-time staff on site.

Address: 11753 Sheppard Avenue East

Toronto, Ontario M1B 5M3

FEATURES THAT MAKE THE GOOD LIFE BETTER

Marble floored entrance foyer

Wall-to-wall broadloom

Vertical blinds throughout

'European' style kitchen cabinets

Ceramic tiled kitchen and solarium

Two 4-piece bathrooms

Individual suite control for air conditioning/heating.

Underground parking

Party room

Complete recreational facility comprised of the following:

Indoor swimming pool with sundeck

Whirlpool and sauna

Fully equipped exercise room

Squash and tennis courts

Jogging track

Games room with billiard table

Excellent access to schools, shopping and transit.

For local Map check this link http://maps.google.com/maps?ie=UTF8&q=11753+Sheppard+avenue+toronto+ontario+M1B+5M3&oe=UTF-8&z=1

Visit my Website for more listings: http://www.najibshams.com

Our Recent Transactions:

2007-04-30T15:13:00.000-07:00

Semi_Detach 2 Storey Property in Brampton

Property Description
Wow,Great Location.New Hardwood Fl. In Dr. & Lr. New Painting Throughout. Beautiful 3+1 Bedroom Semi-Detached 2-Storey Family Home Eat-In Kit.4 Car parking space Close To School Walking Distance To New Hospital,Shopping Malls And Place Of Worships.Extras: Fridge,Stove,B/I Dishwasher,Washer & Dryer.Hot Water Tank(Rental) Furnace,All Window Blinds,And Curtains.CAC,Garage Door Opener And One(1) Remote.All Electric Light Fixtures.Broadloom Where Laid.
Property Details
MLS® Number: W1112509
Parking: 4
Garage: Built-In
Lot Size: 22.47 x 108.27 Feet
Type: Semi-Detached
Style: 2 Storey;
Sold Price: 100 % of the Asking Price
DOM: 14 Days
Taxes: $2,725.87
Bedrooms: 3 + 1; Bathrooms: 3
Basement: Finished + Full
Heat Source: Gas
Heat Type: Forced Air
Exterior: Brick
Water: Municipal
Central Air: Y
http://www.najibshams.com