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FAQs

If you've got a question that isn't answered below, send me an email or message me on Facebook. I'll get back to you as soon as I can.

Why Choose Shen Real Estate?

Why should you choose Shen Walji if you’re looking for real estate in the Toronto, North York, York Region, Durham, Mississauga, Oakville and Burlington areas? Well, I have plenty of enthusiasm and passion in the work I do and am excited about how I can help my clients achieve their dream homes, but you’ve probably heard that from other agents too.

What really sets me apart are my skills and connections so that I remain committed to making the Toronto real estate market easy and stress-free to navigate. My connections to industry experts gives you access to a massive network of listings, excellent administrative and legal help, and “behind the scenes” support you can’t find anywhere else in the Toronto real estate market.

I also have strong experience in corporate sales and can hustle to find the properties and prices bound to please any client. But above all, I am a good listener and will know everything about your personality, preferences, wants, and needs during the entire process. If you’re heading straight for your financial and lifestyle goals, working with me will greatly accelerate your journey.

What Should You Expect During a Consultation?

A listing consultation is a meeting with an agent to discuss the sale of your property and the real estate marketing plan you’ll need for it. Think of it as a one-on-one conversation where you have a chance to express what you need from this journey and how you can combine your efforts for the best results.

Shen will start off with his own sales philosophy and the approach he takes to project management. Then, you and he will discuss your expectations of the sale (i.e. expected selling price and time scale) and the average home sale price around your area to give you context into the surrounding real estate market.

Of course, you will have the perfect opportunity to ask your own specific questions and help tweak your plans accordingly. For instance, are there any extra services his firm has? What about handling multiple offers?

Overall, Shen believes that he doesn’t deserve your trust until he earns it. A consultation helps us align our efforts and boost confidence in the process.

What Should I Look For When Buying a House?

On top of being comfortable and inviting, there are plenty of other factors to consider when choosing the perfect home. For example,

Look into your family’s living situation. Are you happy with the space you have, or are you looking for an upgrade? Are there enough bathrooms, bedrooms, and living space for your children and other family members living with you?
And what are your plans for expanding the space in the future when, say new family members move in later on? Can you furnish the basement? What about outdoor landscaping? And don’t forget about a driveway and garage space for vehicles.
Finally, think about the external amenities like schools, restaurants, and grocery stores when the need for them might arise.

The choice of a property is truly a personal decision that depends entirely on you and your desires. It makes sense to ask these questions thoroughly and develop a checklist of what you want to see.

Whether you’re looking through Toronto, North York, York Region, Mississauga, Etobicoke, Oakville neighbourhoods or Burlington neighbourhoods, having a checklist of what you’re looking for goes a long way to speeding up the purchasing process and ensuring that you receive the property you really want.

How Can You Win a Bidding War?

Homebuyers aren’t exactly excited about starting a bidding war, but preparing yourself for one is a wise decision, especially if you’re searching around a popular neighbourhood. When there are multiple offers available, some insider advice include the following:

First, make sure you are set on buying a house emotionally. Get your agent on board too. Dealing with confidence is key to succeeding in the real estate market.
Make sure you’re ready financially as well. You need a down payment and a pre-approved mortgage ideally. A higher down payment of around 10% instead of 5% puts you ahead of the crowd.
When visiting locations, get a home inspector to join you and speed up the process of making an offer.
And remember to keep at least three or more different offers in your pocket so that you have some leverage the next time you encounter a good deal.

Making the right preparations will convince the listing agent that you are the perfect fit for a particular property.

What’s It Like Working with Shen Walji?

First off, why work with a full-time, high transacting agent at all? The truth is that real estate decisions are incredibly important. Homes are often our largest asset, and getting the job done right is imperative to our future lifestyles. Joining a group means you gain access to a few trade secrets and resources you can’t get alone.

That’s why some of the best real estate agents and I work well together. All the benefits of working with a major real estate agent are as follows.

Experience: I have helped client buy and sell throughout the GTA markets.
Local reputation: Having lived, worked and played in most areas of the GTA I can easily highlight the major attributes of your neighbourhood.
Resources: Whether you want additional paid advertising or a massive network of agents, buyers, and sellers, the resources you have access to when working with Shen Walji are unmatched elsewhere.

What these accomplishments mean for you is that you have access to expert support staff who can help you market your listing and handle all the paperwork.

How Do You Buy a Pre-Construction Home?

A pre-con (pre-construction) property makes sense if you want to avoid the bidding wars entirely and have some influence in the design of your new home. Keep in mind that there are unique considerations when doing so:

Expect a higher deposit of around 15 to 20% paid within the first year and remember that you cannot qualify for a mortgage until the property is move-in ready.
Have an agent and lawyer on your side who are experienced in pre-construction contracts.
Try to purchase as early as possible. The best deals typically come up right when the project is announced. This VIP broker launch is the ideal time to make a deal.
Leave room in the budget for upgrades and renovations after you move in.
Plan out a warranty and insurance. New homes in Canada already come with a warranty, and the insurance covers deposit protection as well as any necessary repairs due to issues with the construction.

Going pre-construction can be an ideal option for certain homebuyers. Just keep in mind the special requirements and steps to take.

What Improvements Help the Most For Resale?

Renovating your own property is an excellent way to remake your living space into something more ideal for your family or for selling it. The upgrades to look at first include:

Front door: Aim for better curb appeal with some new front door hardware. Steel doors are a popular option nowadays because of their durability (especially from heat) and modern design.
Flooring: Carpets have largely given way to hardwood or laminate.
Kitchens: While it might cost a bit, kitchen remodeling has a huge impact on the value of your home. From appliances to doors and countertops, the look and feel of a kitchen can easily match your design philosophy with just a few changes.
Bathrooms: Don’t worry; there’s no need to redo the piping in most cases. A fresh coat of paint or a few fixture upgrades are all you need to make an old space feel like new again. If you’re feeling ambitious, replace scratched tubs and sinks while you’re at it.
Paint: Of course, you can always go back to the classic paint job. Whether you’re going bright, neutral, bold, or trendy, paint is the perfect way to make rooms look fresh and new.

Consider the costs of these upgrades when you’re putting your home up for sale. Who knows? You might knock the selling price up quite a bit and attract more attention from buyers!

How Do I Buy a House with Good Resale Value?

One of the perks of buying instead of renting is the ability to sell the property at a later date and get your money back. If you’re lucky, you’ll even earn some money from the sale when the property value goes up. The features to look for in this regard are:

Location: Like always, location is a top priority. Look at historical real estate prices in the area. Typically, high-value neighborhoods stay that way over time.
Condition: Has the previous owner taken care of the place properly? If not, you might still be able to contract some repairs, but remember to include those expenses in your budgeting.
Energy efficiency: More efficient appliances and good insulation to help with the heating both mean less money spent on utilities over long periods of time.
Bathrooms: Don’t worry; there’s no need to redo the piping in most cases. A fresh coat of paint or a few fixture upgrades are all you need to make an old space feel like new again. If you’re feeling ambitious, replace scratched tubs and sinks while you’re at it.
Bedrooms and bathrooms: Aim for more bedrooms and bathrooms, as larger families tend to pay extra for homes with more living space.

The truth is that most people end up selling their homes eventually, so you should consider resale value when selecting a home to purchase today.

What Should I Know Before Building a Custom Home?

Building your own home is a dream that few ever get to accomplish. While not an easy process, it’s definitely worth the effort, and you’ll love the feeling of living inside your own creation.

If you’re building a custom home, choose the location first. An excellent neighborhood means that the property will retain its value or even go up over time. Do research on new homes in the surrounding area.

Next, think about the budget. There are multiple costs, such as taxes, construction, landscaping, and furniture amongst others. Plan to take out a construction mortgage or loan for the job.

To help you out, it may be necessary to hire some specialists like an architect and contractor for the construction, as well as real estate experts for finding the right lot. Keep in mind that you’re competing with other professional builders with plenty of resources and experience in this field.

And finally, leave room in the schedule for potential delays. Inclement weather and delays in construction are to be expected.

The process of building a dream home can be complicated, but that fact only makes the end reward all the more fulfilling. Give yourself full control of where you want to live by building custom.

How Do You Use Home Equity to Buy Another Property?

In some cases, homebuyers finish paying off a mortgage entirely before considering resale and investment into another property. However, there are times when you might want to move out before fully paying off the current house. It’s certainly possible, and here’s what you need to know about the process.

Remember that real estate is generally a safe investment, as you generate passive income and property prices typically go up over time. You can secure a second mortgage or line of credit for this purpose.

Also read up on the concept of home equity, the difference between your home’s value and how much you owe on the mortgage. For instance, if where you live is worth $500,000 and you still owe $300,000 in the mortgage, then your home equity would be the difference at $200,000.

Because the value of the current property goes up over time, that equity may rise along with it. Take advantage of your home equity today and get closer to your next dream home.

Royal LePage Real Estate Services Ltd., Brokerage
55 St. Clair Avenue West, Suite 255 | Toronto, ON, M4V 2Y7
4025 Yonge Street, Suite 103 | Toronto, ON, M2P 2E3
39 Wynford Dr | North York, ON, M3C 3K5
2320 Bloor St W. | Toronto, ON, M6S 1P2
3031 Bloor St W. | Etobicoke, ON, M8X 1C5
1-10045 Hurontario St. | Brampton, ON, L6Z 0E
2520 Eglinton Ave W. | Mississauga, ON, L5M 0Y4
326 Lakeshore Rd E. | Oakville, ON L6J 1J6
400-231 Oak Park Blvd #105 | Oakville, ON, L6H 7S8
251 North Service Rd W. | Oakville, ON, L6M 3E7

Get in touch

437-912-9288 info@dealwithshen.com

Neighbourhoods

Toronto West