Real Estate with Ritesh Batra

Is putting 20% down always the smartest decision?

Not necessarily.

A larger down payment can reduce the mortgage, lower monthly payments and generally eliminate borrower-paid mortgage default insurance.

But if it drains nearly all of a buyer’s available cash, the purchase may create a different risk: owning the home without enough liquidity for closing costs, repairs or unexpected expenses.

The right comparison should include:

• Total mortgage amount
• Applicable insurance premium
• Interest rate and monthly payment
• Closing and immediate ownership costs
• Cash remaining after completion

The objective is not simply to make the largest possible down payment. It is to build a homeownership plan that remains comfortable after the keys are handed over.

Message me “DOWN PAYMENT” if you would like to compare the two approaches before purchasing.

I’m Ritesh Batra, your local real estate specialist. Real numbers. Smarter decisions.

Ritesh Batra
Real Estate Sales Representative
Royal LePage Certified Realty, Brokerage
416.939.2952

General information only. Financing decisions should be reviewed with a qualified mortgage professional.

GTA condo discounts: How do you identify a bargain before it becomes an expensive mistake?

More inventory and softer pricing can create opportunities—but a lower asking price does not automatically mean better value.

Before making an offer, compare:

• Price per square foot
• Maintenance fees and what they include
• Recent sales inside the building
• Current competing listings
• Unit layout and usable space
• Status certificate
• Budget and financial statements
• Reserve fund and planned repairs
• Existing or potential special assessments

The right condo at the right price can be an excellent purchase. The wrong building can erase the benefit of buying at a discount.

Save this checklist and send the Reel to someone considering a GTA condo.

Would you buy a condo right now? Comment “YES” or “NO.”

DM “CONDO” for my building-comparison checklist.

I’m Ritesh Batra, your local real estate specialist.
Real numbers. Smarter decisions.



General information only. Every condominium corporation and transaction is different. Have the status certificate and related financial and legal documents reviewed by qualified professionals.

Could an eligible first-time buyer receive up to $130,000 in combined new-home tax relief?

Potentially—but not every buyer or new home will qualify for the maximum amount.

First-time buyer status, purchase price, agreement date, occupancy and the type of home can all affect eligibility.

More importantly, an incentive should never be the only reason to purchase a property. The complete decision should include:

• Final purchase price
• Deposit schedule
• Builder adjustments
• Closing costs
• Monthly affordability
• Comparable resale options

Buying a new home in Ontario? Comment **REBATE** or message me before signing so we can identify the numbers and questions that matter.

I’m Ritesh Batra, your local real estate specialist.
Real numbers. Smarter decisions.

RITESH BATRA
Real Estate Sales Representative
416.939.2952
Royal LePage Certified Realty, Brokerage

*General information only. Program rules, eligibility and amounts are subject to applicable requirements and professional verification.*

A comparable sale from six months ago can be accurate — and still be
the wrong comparable for today.

Inventory, buyer demand, interest rates, and neighbourhood conditions
all affect how relevant that sale still is.

Would you use a six-month-old sale to price a home today? Comment
YES or NO.

🏡 **MILLIONAIRE ON PAPER? But can you actually use the money?**

Imagine your home is worth **$1.2 million** and your mortgage balance is **$500,000**.

You may have approximately **$700,000 in equity**.

But that doesn’t mean you have $700,000 sitting in your bank account.

**Equity is value tied up in your property — not cash.**

To turn some of it into usable money, you generally need to sell, refinance, or qualify to borrow against your home.

And borrowing against home equity means taking on **debt, interest and costs**.

So there’s an important difference between:

**Being wealthy on paper**
and
**Having money you can actually access**

👇 Did you ever think about your home equity this way?

Comment **YES or NO**.

If you want to understand your own equity position, message me **“MATH”** or call/text **416.939.2952**.

**Ritesh Batra**
**416.939.2952**
**Royal LePage Certified Realty**

*Let’s build your wealth, one square foot at a time.*

You can win the bidding war and still have a financing problem.

The lender's appraisal can come in below your offer — and that gap
can catch buyers off guard if nobody explains it up front.

Did you know an appraisal can come in below the purchase price?
Comment YES or NO.

Another one SECURED in Oshawa. 🔑🏡

This time, it was 1312 Langley Circle for my buyer clients.

Finding a home is one part of the process. Making sure it fits your needs, your numbers and your long-term plans — and then navigating the purchase properly — is where the right strategy matters.

Take a look inside the home my clients fell in love with. ❤️

If you're thinking about buying in Oshawa, Whitby, Ajax, Pickering or anywhere across the GTA, let's talk before you start making offers.

📩 DM me “MOVE” and I'll help you build a plan around your actual situation.

Ritesh Batra
Real Estate Sales Representative
Royal LePage Certified Realty, Brokerage
📞 416.939.2952