Elementary
Realtor interviews business
Allow me to introduce myself as Jacqueline Watson, a Realtor in the Toronto/GTA area. However, my expertise extends beyond real estate. I am also a Mediator specializing in Labour Relations. My passion lies in more than just selling homes; I strive to transform lives and empower individuals to achieve financial freedom through home ownership.
In addition to my real estate endeavors, I am building a thriving community through my podcast, Elementary. This platform allows me to engage with various businesses and share their stories. My career path initially began in Toronto & GTA, coinciding with a successful tenure as a Director of Labour Relations, in healthcare working in the long term care retirement and commune services industry, which I hold dear to my heart.
Combining my passions, I feel incredibly fortunate to work as both a Realtor and a Labour Mediator. Each day, I have the privilege of doing what I love, and I am immensely grateful for this opportunity. The journey that has led me here has been remarkable, and I cherish every experience along the way.
Furthermore, I recently had the honour of joining the Pilot Place board. Witnessing the incredible impact this organization has on people's lives fills me with gratitude. I am delighted to volunteer my time and contribute in any way possible to support their noble mission.
Elementary
Nailed It or Failed It? 🏗️🔨 The Real Costs of Pre-Construction You Didn’t See Coming
Nailed It or Failed It? 🏗️🔨 The Real Costs of Pre-Construction You Didn’t See Coming
Pulling back the curtain on the true financial realities of buying pre-construction properties in Toronto and the GTA. While glossy brochures and model suites make these projects look like a dream come true, the hidden costs and risks often tell a different story.
Breaking down both the wins and pitfalls of pre-construction buying. On the upside, buyers get flexible deposit structures, modern layouts, and potential property value growth. But the downside? Premium prices per square foot, unpredictable construction delays, hefty development fees, and closing costs that can leave your budget reeling.
Things get even more complicated when appraisals come in lower than expected. Jacqueline explains what happens when lenders won't cover the amount you were initially approved for and how buyers often face five- or six-figure cash shortfalls. She also dives into the risks of walking away, including deposit forfeitures and potential lawsuits from builders.
Sharing practical tips on how to protect yourself—like capping closing fees, vetting builders, and preparing for financial surprises.
Whether you're considering buying pre-construction or just want to make smarter property decisions, this episode is packed with valuable insights to help you avoid costly mistakes.
Key Takeaway: Pre-construction isn’t just about fancy finishes—it’s about understanding the fine print and planning for the unexpected.
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