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If I change my mind about some details after I have signed an agreement of purchase & sale, can I still modify anything? That depends! If the firm (no conditions) offer has been accepted by the seller, and is not a special circumstance (as in with new condo construction for example, where you may be granted a cooling-off period) you can try to negotiate changes with the sellers. The law is on the side of the seller if your agreement hasn't been accepted with provisions to modify. In the long run both of your lawyers may have to become involved. Any money you have paid, such as down payments and legal costs could be lost if you can't come to an agreement. For Bloor West Village, how much more do properties with finished basements sell for in comparison to properties with an unfinished or partially finished basements. There are many different scenarios which need to be taken into account with this question. There are different qualities of a finished basement, from a professional adaptation with all the facilities of a self contained unit to a low ceiling, damp and dark room. Of course any finished basement is going to be of benefit to a possible buyer, this village is a family neighbourhood and having that extra area is certainly a plus point. As previously said, there are many variables and degrees of quality in a finished basement therefore its not possible to pre-empt the cash advantages. What is the distinctions between owned parking, exclusive parking and rental parking? Owned parking means that you are paying for a parking space along with or independently from your condo unit. Once you own it, then with many things, it is yours to do with what you want. Exclusive parking is considerably different, as the parking space is only yours while you own the property and is normally assigned to you on purchase. Rental parking is on occasion available for apartments that don't come with owned or exclusive parking - check this out with the property manager! Some Toronto lofts are renown for existing troubles with parking space What would 70,000 is money get me in the Toronto area? A mortgage broker may be better suited to answer this inquiry if you are using the amount as a down payment, as you would need professional advice to work out what you can afford. If you do not know any mortgage experts, feel free to call us and we will be happy to recommend some brokers to you.
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