What Is Multifamily Property

Multifamily Property
Multifamily Property
Multifamily Property | Multiplex Real Estate

What is a Multifamily Property?

A Multifamily property is defined as a residential property with a minimum of two units.  Duplexes are the entry level or the smallest category in multi family real estate.  There is no limit to how large an apartment building or apartment complex can be.  Multifamily real estate products can range from Triplex, quadplexes, garden apartments, garden apartments, multi-storey apartment buildings, bungalow courts, townhouses, and high-rise condo apartments are some examples of what multifamily properties look like.

In addition to being categorized by size and layout, a multifamily property can also be classified according to the demographic they serve.  There are a range of multifamily categories.  They are Standard housing, student housing, assisted living, housing cooperatives, manufactured housing, senior housing, and affordable/low-income housing are among the most common classifications used by financial institutions or lenders.

Many mixed-use properties that are combined with commercial spaces with residential units could also qualify for select multifamily financing products.

To view our list of Multifamily Properties in Ontario, visit www.MultiplexRealEstate.ca

Book a consultation with us here: Book Consultation

Coldwell Banker Ultimate Service

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Coldwell Banker | Ultimate Service Award

Our clients put one of the biggest purchases of their lives in my hands, and I am proud to have been able to help them and of the results I was able to achieve for them.

It is always gratifying to receive positive feedback from clients after we’ve helped them buy or sell a home. I am honoured to receive this top award #UltimateService from #ColdwellBanker.  It’s an award that will always mean the most to me because it shows how we deliver on our promise to do our very best for our clients.

Thank You To Our Clients & Our Team #teamwork

W: JesseJohar.com

#realestate #realtor

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Just Bought 5665 Freshwater Drive Mississauga

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JUST BOUGHT | 5665 Freshwater Drive, Mississauga

Congrats to my Home Buyer Clients.
Thinking of Buyer A Home? I love helping home buyers find their dream home! That’s exactly why I am working with clients individually, taking the time to understand their unique lifestyles, needs and wishes.
Specializing in Residential Real Estate,  Jesse Johar will ensure that your next home supports your lifelong goals. Whether you are a first-time homebuyer, a growing family, an investor or a retiree.   Jesse will always have your best and unique interests at heart.
Give us a call @ 416 858 7365 or contact us on our website @ www.JesseJohar.com
Just Sold Detached Home.  5390 Bullrush Dr, Mississauga
#thankyou #home #homebuyersguide #mississauga #realtor #firsttimehomebuyer

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Just Leased 19 Grand Trunk Crescent Toronto

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JUST LEASED | 3606 – 19 Grand Trunk Crescent, Toronto

Congrats to my Seller Clients.
Are you a Landlord or Tenant? Thinking of Leasing A Property?
Looking forward to seeing the word “JUST LEASED” posted from the curb-side.
Give us a call @ 416 858 7365 or contact us on our website @ www.JesseJohar.com
Just Leased Waterfront Condominium | 3606 – 19 Grand Trunk Crescent, Toronto
#thankyou #waterfront #waterfrontcondos #condominum #justleased #leased #landlord #tenant #thesoldguru #toronto #realtor

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Sold Over Asking 5390 Bullrush Drive Mississauga

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SOLD OVER ASKING | 5390 Bullrush Dr, Mississauga

Congrats to my Seller Clients.
Thinking of selling ? Looking forward to seeing the word “SOLD” posted from the curb-side.
Give us a call @ 416 858 7365 or contact us on our website @ www.JesseJohar.com
Just Sold Detached Home.  5390 Bullrush Dr, Mississauga
#thankyou #sold #thesoldguru #mississauga #realtor #soldoverasking

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Home Buyer Questions

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Home Buyers Questions

Real estate is a demanding profession, requiring long hours and hard work to close the deal.  We recommend you ask the appropriate questions.  This is to ensure your REALTOR®  has the experience to provide you with proper services and advise.  Experienced Real Estate Agents are better equipped to help buyers make an informed purchasing decision and sellers get the most they can from their property and sell it timely manner.

A real estate agent that will help you determine exactly what you’re looking for, in the price range, and then truly bring your dream home to light.

Here are some questions that will help us better serve you with your Home Buying Process

  1. What type of new property are you seeking? Condo or Freehold
  2. Are you looking for New or Resale?
  3. Do you currently own a property?
  4. Is this property for personal use or investment ?
  5. What is your Budget or Price Point?
  6. Have you received a Pre Approval To determine how much you can afford to purchase a property?
  7. Do you require assistance with a Mortgage Pre-Approval?
  8. What is your timeline to make the purchase or preferred closing date?
  9. Which area / city is your preference?
  10. Are there any specific requirements or must have for the property?
Working with you and helping you fulfill your real estate goals.  W: JesseJohar.com

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Just Sold Condo 101 Erskine Toronto

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SOLD | 101 Erskine Ave, Toronto.

Congrats to my Seller Client.
Thinking of selling ? Looking forward to seeing the word “SOLD” posted from the curb-side.
Give us a call @ 416 858 7365 or contact us on our website @ www.JesseJohar.com
Just Sold Condo 101 Erskine Toronto

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TRREB Market Year in Review and Outlook 2021

[vc_row][vc_column][vc_raw_html]JTNDaWZyYW1lJTIwc3JjJTNEJTIyaHR0cHMlM0ElMkYlMkZkcml2ZS5nb29nbGUuY29tJTJGZmlsZSUyRmQlMkYxdWlkM0FLQmU1UjVpU0ljVUdCdldyNlB6QV9ETERRdnUlMkZwcmV2aWV3JTIyJTIwd2lkdGglM0QlMjI2NDAlMjIlMjBoZWlnaHQlM0QlMjI0ODAlMjIlM0UlM0MlMkZpZnJhbWUlM0UlMEE=[/vc_raw_html][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]TRREB Market Year in Review and Outlook 2021

This report is full of evidence based research and data that can help to serve as the basis for implementing innovative and practical solutions to many of the transportation and housing problems we see today.[/vc_column_text][/vc_column][/vc_row]

Lessons Learned In Real Estate

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Lessons Learned In Real Estate – First Time Home Buyers

My clients (first time home buyers) who had purchased their property and prior to fulfilling the conditions, the client confirmed their mortgage agent had said to go ahead and remove the conditions on financing. Just two weeks before their closing they had an issue with their financing. I was advised by my client due to financing they may not be able to close in time, and if they cannot get another lender, they will have to back out.  I met with them and discussed their options and also advised them of the consequences (Seller could sue the Buyers) what will happen if they do not close on the home on time.  

One of the options was to request the sellers & sellers lawyer for an extension of 7 Business days and ensure we can get another lender that can approve them.  My clients needed to move as they had already given notice to their landlord.  

With the clients permission, first I reached out to three different lenders and I introduced my clients.  I explained the situation and asked my clients to speak with the lenders and see which ones would ensure that their best interest and provide them with a firm approval and conditions that meet the requirements as per the original closing timeline.  

Luckily two of the lenders came through and confirmed that they could provide a firm approval based with couple conditions and terms.  My clients decided to go with one of them and needed to get some additional documents and funds.  They still required an extra 5 days to make this happen.  

Again with permission from my clients and their lawyer I reached out  the Sellers agent and coordinated a meeting with the sellers and lawyers to make an amendment to the agreement and closing date.  There was an additional fee on both the lawyers side that the buyers agreed to pay, but there was no penalties.  The sellers were cooperative to allow this and thankfully we closed on the revised date and my clients were very grateful. 

Most importantly I learned to stay kind, remain calm, cool, and collected. 

My approach has always been to provide support based on what I hear on what’s expressed.  Being a good listener, solution based and focused. [/vc_column_text][/vc_column][/vc_row]

First Time Home Buyer

[vc_row][vc_column][vc_single_image image=”5371″ img_size=”full”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text css=”.vc_custom_1591736083911{margin-bottom: 0px !important;}”]Buying your first home in Canada?  Join our FREE webinar to learn how to achieve excellence and success with Jesse Johar and his team!

REGISTER: https://www.eventbrite.ca/e/buying-your-first-home-in-canada-tickets-107630256996?aff=JesseJohar

What is an offer?

When buying a home, an offer is a legal agreement between two parties for the purchase of a home.  This offer is made by you, the buyer, and if accepted by the seller becomes a legally binding contract.

What’s included in an offer?

As you may have guessed, a price to be agreed upon for the purchase of the home is included in your offer to the seller.  But there are other aspects of an offer as well.  These include:

  • Conditions – These are clauses in the offer contract that must be completed before a set date or the agreement becomes void.  Common conditions include financing, home inspection and review of status certificate.  Since the beginning of COVID, there are a number of other conditions to protect both buyer and seller from any complications arising due to COVID-19.
  • Inclusions/Exclusions – Will you inherit those ugly curtains?  Will those beautiful light fixtures come with the home?  Inclusions and exclusions are clauses in the offer contract pertaining to any goods that may or may not come with the home.  These are often negotiable and Jesse can help you secure those beautiful light fixtures while ensuring those ugly drapes have seen their last days!
  • Closing date – This is the date on which the funds and keys will be exchanged.  The property title will be registered in your name by your lawyer and the mortgage will be registered onto the title.  The offer must be completed by this date.
  • Deposit – These are funds that are given to the seller’s real estate brokerage to be held as a deposit on the offer.  Once the offer is firm and there are no more conditions, the deposit becomes non-refundable if you are unable to complete the purchase agreement terms.

#ourfirsthome | OurFirstHome.ca[/vc_column_text][/vc_column][/vc_row]