Pira Ebrahimi

BUY AND SELL PROPERTIES
REAL ESTATE BROKERS & AGENTS

About Pira Ebrahimi

I began my real estate venture in 2005 with investment acquisitions and renovations. Throughout my journey, I added various services to my repertoire including property management and building project acquisitions. I strongly believe that knowledge is power; the power to be confident, honest, and integrous. Utilizing my experience and the collective knowledge of my team of experts, I've developed a strategic analysis of the market to assist sellers to get the top dollar for their property in the shortest time span, and to assist buyers in realizing their dream of home ownership.

My goal is to set up my clients powerfully for what they can expect from the process of selling or buying, and to have a smooth and pleasant experience.

Purchasing or selling a property has long lasting financial and emotional impacts. It is an honorable undertaking that I take very seriously. Here is why:

30 years ago, before I chose real estate as my career, I met a Swedish couple who ran a deli store in Toronto for 40 years. To them, Canada became "home" ONLY when they purchased their first house. I felt how their experience touched them so powerfully. It was beautiful! the same beautiful impact on my clients. In other words, my goal is to be of service to my clients to create a similar beautiful impact!

Our services

Thinking About Selling?
Selling Tips

14 IMPORTANT FACTS TO CONSIDER BEFORE YOU TRY TO SELL YOUR OWN HOME
You are limiting your exposure to potential buyers (less than 10% of what a good real estate broker will generate) which theoretically means your home will take ten to fifteen times longer to sell on the market.

The longer a home is on the market the lower the selling price is. Why? Because most buyers think that if the home has not sold after this long... there must be something wrong with the home.

The selling/buying process begins AFTER the buyer leaves your home. Most sellers think that all it takes is for someone to see their home, fall in love with the great decor and the offer automatically will follow. Remember that the buying process begins after they leave your home. If a real estate sales representative does not represent the buyer, and they are looking on their own...they usually leave the home and start to talk themselves out of the buying process. Real estate professionals are trained on how to overcome buyers remorse--a very common occurrence.

Because of the limited exposure you will very likely end up with a lower selling price. Remember, in order to generate the highest price possible for your home... selling means exposure. You need the maximum exposure possible, to generate the highest price possible.

Most buyers find it extremely awkward to negotiate or even to talk directly with sellers and therefore avoid FSBO properties.

Lack of negotiating experience and lack of pertinent information often will result in a lower selling price, or worse yet, a bungled contract and possible lawsuits.


Thinking About Buying?
BI-WEEKLY AND WEEKLY PAYMENTS

Most mortgages have the option to allow payments to be made on a weekly or bi-weekly basis. This option may be desirable for two reasons. The first is it can save you money as you can expect to pay off your mortgage about 4 years sooner. This can save you dramatically over the life of your mortgage. The other reason why these options are so popular is that if your employer pays you on a weekly or bi-weekly basis, you can simplify your budgeting by making the payment line up with the way you paid.

MAKING EXTRA PAYMENTS

Paying extra amounts on your mortgage can make a big interest saving over time. When we select a mortgage company, privilege payments options are something that we look for. A 20% privilege payment will allow you to pay off up to $20,000 per year on a $100 000 mortgage. It is important that the privilege payment also be flexible to allow you to pay smaller payments on the mortgage and as often as you wish. An extra $1000 periodically paid on a mortgage can help you become mortgage free faster.

REDUCING THE CMHC FEES ON YOUR PURCHASE

When you require a mortgage for more than 80% of the purchase price of a property, that mortgage must be insured by Canada Mortgage and Housing (CMHC) or GE Mortgage insurance. The premium charged by these company`s decreases as the down payment increases. When you finance your property at 95%, a premium of 3.75% is added to the mortgage. By increasing the down payment to 10% of the purchase price the premium can be reduced to 2.5%. If you can put down 20%, you can avoid any additional insurance fee. Depending on your situation there are ways that you can structure this financing to avoid the CMHC or GE insurance premium.

ADVANTAGES OF BIGGER DOWN PAYMENTS

As mentioned above, when you put a 20% down payment on your purchase you can avoid the CMHC premium. More importantly the larger the down payment, the lower the amount of interest you will pay over the life of your mortgage. It is important to note that it may not be wise to stretch yourself to increase your down payment and end up borrowing on credit cards or a line of credit at a higher rate.

SHORT TERM RATES VS. LONG TERM RATES

The options for mortgages available can be very confusing for most mortgage shoppers. Terms for mortgages vary between variable and fixed rate, 6-month terms to 10 year terms. Taking a variable or floating rate mortgage can have savings. Typically the shorter the term or guarantee of the rate, the lower the rate will be. This does not always happen, depending on the market place and the economy, but history has shown that short-term rates tend to be lower than long-term rates. The up side of variable rate is the strong potential for interest rate savings. The down side is the fact that you are accepting the interest rate risk without a guarantee. If you are considering a variable rate mortgage you need to look at your own risk tolerance, and your cash flow available to deal with potential increased payment. Considering projections of rates and where we see interest rates heading can also be important in this decision. Make sure you talk to an expert when you are making this decision.