We are on a mission to deliver 2 million luxury homes to Africans in Diaspora who would love to invest or retire back to their country of origin. To make this dream come true for Africans in diaspora, we have partnered with proven and trusted preconstruction developers across Africa who specializes in building luxury real estate of international standards.
Our process is fast, easy and trusted while we represent you to make your dream come true.
This is how you can be the first to receive all the latest information about luxury pre-construction projects in your country of origin or any African Country of your choice. You’ll be up to date with today’s ever-changing real estate market, and you will be notified of any new sales events or projects that are launching. Once you register you will receive full project details including brochures, floor plans, and price lists.
You will also have access to our invaluable database of information. We can provide info kits, seminars, and one-on-one coaching sessions that can lead you to maximize your ROI and generate a passive income for years.
If the project has not yet launched, your name will be added to our priority list, so that we can let you know once the developer provides us with full details. After reviewing the project materials, you can connect with us to go over details or ask any questions.
This is definitely one of the most exciting parts of your luxury home buying journey. This is where you and our agent look through the floors and suite styles of different projects to determine what would be the best fit for your lifestyle or investment.
Don’t stop at just one. The key to finding a pre-construction that you’re happy with is to pick a variety of floor plans that suit your tastes. This doesn’t mean you should settle, but the reality is that supply is limited and we can’t guarantee you’ll get every unit you want. Give us a call to chat about the pros and cons of each floor plan you’re considering, we may have some insight that surprises you.
Once you’ve decided on a suite type, size and price range, we’ll get you to submit a worksheet. The sooner you do this, the better.
What‘s a worksheet? A worksheet contains your personal information and your suite preferences. You submit this document to us along with a government issued ID to request a unit. It doesn’t mean you’re buying a unit quite yet, it just means that you’re interested in purchasing an apartment or luxury home and would like one to be allocated to you. Your worksheet will be submitted and time stamped accordingly. One of our sales representative will guide you through this process.
A few days after submitting your worksheet, you will be contacted by our sales representative with an update. If you have been allocated a suite and would like to proceed, we will book an appointment with you to start the sales process and sign the Agreement of Purchase and Sale (APS).
When the signing event arrives, please come prepared on the day of signing with your Government-issued photo identification and your void cheque or cheque book. You will not be able to buy a suite without these items. The signing of the APS can be done via online or a zoom call or at our physical office, whichever is more convenient for you. Our sales agent will guide you through the signing process and answer any questions you may have at this time.
After the contract has been signed with the developer comes a period commonly referred to as the “10 Days Cooling Off Period.” By Law, you legally have this period to review your purchase agreement. You are 100% protected during this period and the unit is on hold under your name for those 10 calendar days.
We strongly recommend you take this time to go through the Purchase & Sales Agreement with our experienced pre-construction lawyer who will be representing you and communicating your interest to the builder’s lawyer.
If you change your mind during the 10 calendar days or decide you are not satisfied with the contract, you have the right to cancel it at this time with no questions asked. There will be no financial penalties and your post-dated cheques returned to you. If you choose not to proceed, please bring your purchase agreement and other documents to our sales centre, where you will sign a rescission letter or an online arrangement could be made for the recission letter to be signed electronically.
But if you are satisfied with the purchase agreement after the 10 days, the contract is firm and the first deposit cheque gets cashed on the 11th day after signing. If you are making an electronic transfer or bank wire, this must be received on the 11th day. Please note, that your Payment will be made to our authorized Lawyer Trust funds and subsequently transmitted to the builder’s lawyer trust funds. This is to provide more legality and compliance to the transactions and also help protect our clients (You) who believes in our ability to represent them effectively.
While the apartment is under construction, the developer’s décor centre will be contacting you to pick your suite colours, finishes and offer any upgrades. This is the time to turn your apartment unit into the luxury home of your dreams.
There are two closing dates during the process, the Interim Occupancy stage and the Final Closing stage. This also means that you will meet with your lawyer twice during the closing phase. Your lawyer in this case would be our Canadian registered lawyer representing you from the inception of the purchase process.
You’ll first meet your lawyer when the developer reaches out to inform you of your Interim Occupancy. Note that some developers we work with may have only Final occupancy when the house is ready. In that case, there would not be Interim Occupancy. If there is an Interim Occupancy, be prepared to make any outstanding deposits and occupancy fee payments at this time. Please note that during the Occupancy Period you still do not own your suite. Your final payments will not occur until the Final Registration date.
The second time you’ll meet your lawyer will be shortly before the final closing date to sign all the documents and officially transfer the ownership of your suite to you. Your lawyer will explain all of the outstanding costs to finalize the purchase. Don’t forget, our sales agents will guide you through the entire process.
This step is optional and depends on if you’re interested in converting your newly acquire luxury home to an investment property. It’s time to lease out your new luxury home or apartment unit to someone in need of a home. You can strategically charge rent so tenants cover your monthly carrying costs including your mortgage(if any), maintenance fees and surplus, this is where you can generate positive cash flow. By letting a tenant pay down your investment cost, you’re allowing the overall value of your apartment unit appreciate while you’ve only invested a net of 20% on the original price (if financing on mortgage). This is how you generate a positive cash flow and long term equity growth.
Are you nervous about finding a tenant to lease your new condo unit? No problem! We also offer Property Management services so we can take care of all the heavy lifting of leasing your new suite.
It’s that easy. So what are you waiting for? Start your home buying or investing journey and register today!
