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Finding the Right Mississauga Condo

January 14, 2013

Finding the Right Mississauga Condo When You're Following a Budget


When you're following a strict budget you need to find the right Mississauga condo that fits right into your allowance for expenses. If you have a small window of difference between the minimum and maximum you'll be able to pay for a condo, you'll have to work closely with a Mississauga real estate agent in order to find the best one that matches your needs and your budget requirements.


The first thing on the list to do is to talk to your agent and tell him the highest purchase price and the lowest you're willing to go. Let your agent know that this is nonnegotiable and if he finds anything that you really can't afford that you won't be interested in viewing it. This is your way of telling the agent that no matter what, you are determined to stick to your budget.


It can get very tempting when you see condos that are even slightly above your price range. Some of the Mississauga condos in the area are absolutely stunning and will fit all of your requirements for a condo and then some. In order to resist the temptation it's best not to get close to them at all. There will be plenty of condos here in Mississauga that will meet your pricing needs.


Don't forget about the closing costs


When you're making up your budget to purchase a new condo don't forget about all the various costs that are associated with the closing such as hiring a lawyer, insurance costs and other miscellaneous fees. If you have any questions about the extra costs involved in making your purchase you should contact a real estate agent and have them listed out for you. You can then look at a real estate calculator to find out what you can expect in terms of closing costs.


You'll also want to factor in the condo fees when you're doing your calculations on the mortgage calculator. Again, you can talk to your agent to get a good idea of what the average condo fees would be for the type of condominium you're looking for in a certain area.


When you're operating on a tight budget the best thing you can do is communicate this to your agent and let him know how absolutely vital it is to stay on track with the final purchase price. Your agent will respect this and will only show you Toronto condos that you can truly afford until you find the perfect one that matches your lifestyle and your budget.

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Sterling Wong
Broker of Record

Search Realty Corp.
Independently owned and operated

50 Village Centre Pl Suite 100, Mississauga, ON L4Z 1V9
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