Real Estate Insider Vol 1 2014

Stability • Experience • Relationships

Jody & Domenic MANCHISI

Sales Representative & Broker

Cell. 416.702.4663 • Direct 905.875.4594 • Office 905.272.5000E. [email protected] • E. [email protected]

facebook.com/Manchisiteam • www.manchisiteam.com

Not intended to solicit buyers or sellers currently under contract with brokerage.

REAL ESTATE INSIDERYo u r S o u r c e f o r R e a l E s t a t e I n f o i n M i l t o n January 17-24,2014 - Vol 001

WHAT’S INSIDE:What is MLS?, PAGE 5Selling Homes in Winter, PAGE 6

YOU CAN’T LIVE INA MUTUAL FUND.According to statistics from the Toronto Real Estate

Board, the values of homes in the Milton area

the last ten years. The average home price in this area has effectively grown from just over $267,000 in 2004 to almost $470,000 in 2013. That is an incredible jump, and for obvious reasons. As people grow and change their family dynamics, many are veering away from the downtown Toronto existence, and opting for something special, but still within reach. They want the conveni-ences of the city, and the access to main transportation arteries, but a quieter way of life with an abundance of parks and green space. These are just some of the reasons that Milton attracts families now and will continue to. Milton homes are selling for less than in Toronto, where the average home costs $856,169*, but with comparable potential for increased value in the coming years.See the charts on page 2 for detailed information outlining the impressive Real Estate market growth in Milton, Halton Hills and the surrounding rural areas, some of which have experienced an even higher percentageincrease of 76.9%.

Historically low mortgage rates helped to fuel theever-expanding real estate market in 2013, and although mortgage rates are (very) slowly on the rise, it is still an excellent time to invest in a home, or rental property. Compare the 70.04% increase in the value of the average home in Milton* over 10 years to what you have made on a mutual fund. As an example, you would have to invest that $267,000 (cash up front) into a mutual fund that would have to earn you a lofty average annual return of a 5.8% for 10 years straight to earn a comparable return on investment. And, you can’t live in a mutual fund.

Real Estate in Milton is an investment you can live in and borrow against.

The dismal housing market in the US left centralOntario untouched, as Milton saw steady growth over the last 10 years plus. And with the demand for additional housing in this area growing fast, it is a great time to purchase. Milton’s highway-adjacent locale and the growing plethora of shopping and entertainment choices

prove that it is set to continue it’s tremendous growth for years to come.

investment for your family’s future.

*Average home costs as reported by the Toronto Real Estate Board

2 REAL ESTATE INSIDER Jan 17- 31, 2014

www.manchisiteam.com

About Dominic Manchisi

Domenic Manchisistarted his career inreal estate in 1996. In

addition to strengthening hisexperience, Domenic has dedi-cated himself to expand his skillset both personally and profes-sionally which he has utilized tolead himself and his team tobecome the number one realestate team in Canada.Domenic's dedication toexpand his knowledge has ledhim to pursue the followingdesignations and certificates.• Appraisal

• Mortgage Financing• Property Law• Property Management• Licensed Mortgage Agent• Brokers License• Real Estate Investment• IRES

Domenic was born in Milton and has created a dominantpresence as a real estate broker predominantly in the HaltonRegion. Domenic's success is a result from his extensiveexperience in the real estate industry as well as the ability tounderstand the needs of his clients. His core understandingof the real estate industry has not only been recognized byclients but also by colleagues and industry leaders. Domenichas been invited as a guest speaker for Donald TrumpsApprentice, Bill Rancic, has appeared with Dragons DenWealthy Barber, has participated in expert panels at theNational Association of Realtors (NAR), has made the coverof several magazines and has won many awards across NorthAmerica for the work he and his team has achieved.

Domenic currently lives in Milton with his wife and businesspartner, Jody Manchisi, and their two children.

Stability • Experience • Relationships*Stats as per TREB **Stats as per ONREB

Halton Hills Chart*

Milton Chart*

Rural Chart**

M e e t t h e Te a m

Mickey GALEKOVIC

[email protected] Representative

Angela [email protected] Representative

Domenic [email protected]

Broker

JodyMANCHISI

[email protected] Representative

To get your home sold, call us now 905-875-4594

ACTON5198 Highway 7

Gorgeous Stone Bungalow, Lot Surrounded By A Hardwood BushIn The Greenebelt, New Well 2012, Septic 2010, High Eff GasWater Heater 2012, Uv Light System 2013, Ro Drinking WaterSystem 2010, Water Sftnr 2010. Lrg Wndws, 9Ft Ceilings OnMain & Lower Lev, Huge Walkout Basement Is 85% CompleteJust Awaits Your Personal Tough! Oversized Garage - Lots OfParking!! Very Private Yard!

ACTON11 John Goy Sr

Beautiful Open Concept Bungalow Townhouse, Large KithenWith Stainless Steel Appliances, Large Living Room CombinedWith Dining With W/O To Deck. Garage Access, Fully FinishedBasement With A Gorgeous 4Pc Bathroom, Living Area And LotsOf Storage. Private Yard With Deck.

ACTON33 Greenone Cres.

Welcome To A Fantastic Neighborhood, Close To Library, Parks,School & Amenities. This 3 Bdrm Semi-Detached 3 Lev BacksplitOffers Lrg Rms Is Move In Ready Offering In-Law Potential W/2Sep Entrances , Newly Painted, 2 Full Baths, Fenced Yard With Inground Pool - Perfect For Entertaining Or Spending TimeW/Family! 4 Car Parking, A Must See!

SCOTT119 Playfair Terrace

Gorgeous Heathwood Energy Star Home Nestled Within TheEscarpment. Spacious Layout With Approx 2450Sqft.9Ft Ceilings,12Ft In Family Rm. Oversize Windows Allow Lots Of Light.Separate Living& Dining rooms. Dining room Offers A BeautifulStone Fireplace. Recently Laid Hardwood Floors On Main Lev &Broadloom In Bedrooms.

FORD $424,900492 Tyrone Cres

Gorgeous detached home with many upgrades. Open Concept onmain level, sep dining room, upgraded kitchen w/granite, s/sappliances & island breakfast bar. California shutters T/O, goodsize bedrooms, master bed offer 4 c ensuite w/Jacuzzi tub &separate shower! Fenced yard with large deck!

ACTON39 Churchill Road

Very spacious 3 bedroom home close to all amenities. Large foyerentry with access to garage. Hardwood flooring throughout. Eat inkitchen with walkout to deck. Large family room with gasfireplace and second walkout to yard, L shaped Living and Diningroom. Lots of natural light. Finished lower level with above gradewindows and 4 pc bath.

TIMBERLEA $529,000249 Coxe Blvd

Location, Location! Sought after mature neighbourhood. Hugepool size lot. Walk to schools, parks, trails & amenities. Manyupgrades include hardwood floors, eat-in kitchen with s/sappliances & walkout to sunroom addition overlooking the privateyard. Fully finished basement with wet bar and fireplace.

ERINDALE $1,099,0001141 Vicki Lane

Elegant family home located on a prestigious private court nearcredit valley gof club. This home has all the bells and whistles.Spacious modern design, generous size rooms, hardwood floors,slate flooring, stunning large kitchen with granite & s/s appliances.huge master bed with gorgeous ensuite. Finished basement andmuch more!

TIMBERLEA763 Clements Court

Quiet Neighborhood Walking Distance To Schools, Trails, Parks &Shopping. Main floor laundry & Family Room with walk out todeck. Family size kitchen with large windows allows lots of light& views of a private backyard. Large bedrooms, master bed offersa 4Pc ensuite & walk in closet. Finished basement with 2 RecRooms & 3 Pc Bath. Huge Lot Allows For Lots Of Parking & AGood Size Backyard.

SOLDSOLD

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FOR SALEFOR SALE

Jan 17- 31, 2014 REAL ESTATE INSIDER 3

FOR SALEFOR SALE

FOR SALEFOR SALE


TO SEE YOURHOME HERECALL TODAY

905-875-4594

BRIDLEPATH $1,688,0001787 Paddock Crescent

Prestigious, 5000 sq ft executive family home in Bridlepath. Over$146k spent on designer renos. Nanny suite on 2nd level & brandnew basement. Master retreat has 5 piece bath with tub & glassshower, two closets & walk out balcony! Near UofT , 403, CreditRiver Walk & so much more.


WILLMONT152 McLaughlin Ave

All Brick Home On A Premium Lot Has Thousands In UpgradesAnd Impeccably Maintained. 9ft Ceilings, Crown Moulding,Wainscoting, Porcelain Tile And Hardwood Floors T/O, GorgeousCustom Kitchen W/High-End S/S Appl, Oak Staircase, 2nd FloorLoft Can Be Converted To 4th Bedroom, Large BasementWindows, 40 Ft Backyard & Much More!

DORSET PARK876 Cabot Trail

Fabulous 4Bdrm, Many Updates To The Home Include 2Pc bathOn Main Floor, Main Floor Laundry, Finished Basement OffersTerrific In-Law Potential W/3Pcbath,Rec Room, Bedroom/OfficeAnd Possible 2nd Kitchen-Plumbing Exists. Hardwood On M Lev,2 W/O To Huge Fenced Yard. Updated Main Bath- 4Car ParkingIn The Driveway,Close To All Amenities & School.

WILLMONT $1390.001005 Nadalin Heights Unit 306

Never Lived In Trendy 2 Bedroom, 2 Full Bathroom & LaundryCondo. This Unit Boasts Stone Counters In Kitchen & Baths. S/SAppl, Hardwood Floor In Living Room W/ Walk-Out To Balcony.Large Master Bed With Ensuite W/ Double Size Shower. AllWindows Have Blinds.

CALLTODAY

905-875-4594

ISLINGTON-CITY CENTRE $356,000235 Sherway Gardens Unit 2303

Gorgeous Geranium model in sought after location. Open conceptdesign with beautiful views of the lake. Lots of natural light,hardwood flooring, upgraded kitchen with backsplash, 9 footceiling, 2 full baths, master bed with ensuite. Just steps away fromSherway Gardens, Trillium hospital, transit $ highways.

HARRISON349 Tonelli Lane

Gorgeous 3 Bedroom Home Immaculately MaintainedThroughout. Hardwood Staircase W/Iron Pickets. HardwoodFloors In Living Room, Family Room & Upper Hallway. FamilySize Kitchen W/Granite Counters, Bk Bar, Stone Backsplash,Pantry & W/O To Deck. Lrg Bedrooms, Master Offers A Beautiful5 Pc Ensuite W/Double Sink, Soaker Tub & Large SeparateShower W/Glass Door. Main Floor Laundry.

CLARKE $389,900302 Andrews Trail

Wonderful townhome on a super sized lot. hardwood floors, largeeat-in kitchen with upgraded backsplash and walkout to large yardand patio. California shutters throughout main floor, freshlypainted, good size bedrooms, fully finished basement, 2 carparking in driveway!


SOLDSOLD

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FOR SALEFOR SALE

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For LeaseFor Lease


TIMBERLEA $356,000661 Childs Drive Unit 17

Great end unit townhome in desired complex, finished rec roomwith walkout to yard. Spacious living room with walkout tobalcony, separate dining room O/L Living room. Eat-In Kitchen,Main floor laundry room. Large bedrooms, long driveway - fits 2cars!

WILLMONT $1390.001005 Nadalin Heights Unit 307

Never Lived In Trendy 2 Bedroom, 2 Full Bathroom & LaundryCondo. This Unit Boasts Stone Counters In Kitchen & Baths. S/SAppl, Hardwood Floor In Living Room W/ Walk-Out To Balcony.Large Master Bed With Ensuite W/ Double Size Shower. AllWindows Have Blinds.

SOLDSOLD

DORSET PARK897 Birch Ave

Absolutely Stunning Home, Renovated Top To Bottom, LocatedOn A Quiet Mature Street. All Levels Fully Finished. OpenConcept Main Floor W/Gorgeous Kit W/Granite Counters,Travertine Floors, S/S Appl, Lrg Island Bk Bar. Hickory HrdwdFlrs In Liv & Bdrms. Crown Mouldings. Lower Level OffersAbove Grade Windows, 2Pc Bath & Laundry. Lower Level 2Offers 4th Bdrm & 3Pc Bath W/Huge Glass Shower. Lrg FencedYard W/Deck & Shed.

SOLDSOLD

SEE YOURHOMEHERE

For LeaseFor Lease

Almost anyone has seen or heard the termMLS, but few people actually knowexactly what MLS is or understand how it

plays an important role in today's real estate market.No to be confused with the public MLS know as

mls.ca or realtor.ca. The MLS System is the realtorsMLS which members pay fees to have access to cur-rent inventory and up to date information you wouldnot find on the public website.

The MLS system or the Multiple Listing Serviceis an information sharing and co-operative marketingnetwork created to help buy and sell homes. Today itis online based but it began as an exchange of paperlisting information and photographs.

The MLS is paid for by the realtor members of thelocal real estate association. It symbolizes the cooper-ation among realtors to effect the purchase and sale ofreal estate. It is much more than a database of proper-ty information though. It is the local real estate associ-ation that administers and operates the local MLS sys-tem. The Canadian Real Estate Association (CREA)owns the trademark and licenses its use to boards andassociations across Canada.

MLS makes the real estate industry unique byencouraging a high degree of cooperation amongsalespeople. For example, if you are shopping for a carand you visit a local dealer, the salesperson's goal is tosell you a car from that car lot. They won't provide youwith information on cars available at other competingdealerships. In the real estate industry, the opposite istrue. MLS allows for cooperation between all realtorsno matter which company they work for.

If you are selling a property with a realtor whouses MLS it means your property will get the maxi-mum marketing exposure to all other members of thelocal association. You'll have realtors everywhere try-ing to find a buyer for your home. It is the MLS com-puter system that will provide other members of thereal estate association with detailed information aboutyour home.

If you are buying a property, MLS is a valuableresearch tool for your realtor. The realtor can input thecriteria you want and generate a list of all propertiesthat meet your requirements or needs. These homesmight be listed by other realtors or your own realtor.The goal is to help you find the property you want.

MLS supplements the realtors in-depth knowledge ofthe neighborhood and current market conditions tohelp you make a wise buying decision. The MLS sys-tem provides realtors with access to much moredetailed information than you will find on a publicwebsite. MLS information in most cases, will includeroom measurements, specifics on the property condi-tion, renovations, appliances, property zoning and taxinformation. Through the system, realtors can alsoaccess the sales history of a home in order to see howmany times it has changed hands and what the sellingprice(s) were.

Whether you are buying or selling, MLS is muchmore than 3 little words, it is truly an indispensabletool for you and your realtor.

BEATYDetached

Starting at 499,90011 AvailableSemi

Starting at 429,0002 Available

SCOTTDetached

Starting at 549,900

7 Available

Freehold TownsStarting at 349,900

1 Available

WILMONTDetached

Starting at 444,900

6 Available


2 Available

DORSET PARKDetached

Starting at 465,000

6 Available

CLARKEDetached

Starting at 504,900

10 AvailableFreehold TownsStarting at 316,900

2 AvailableCondo Apt1 Available

ACTONDetached

Starting at 314,900

11 Available


2 Available

Condo AptStarting at 174,900

1 Available

COATESDetached

Starting at 635,000

1 AvailableSemi

Starting at 420,000

1 Available

HARRISONDetached

Starting at 479,900

9 AvailableFreehold TownsStarting at 334,900

3 Available

BOWESDetached0 Available

Semi0 Available

DEMPSEYDetached



2 AvailableSemi

Starting at 439,8881 AvailableCondo Apt


CAMPBELLVILLEDetached

Starting at 389,900

10 Available

TIMBERLEADetached

Starting at 529,9000

2 Available

RURALDetached

Starting at 369,900

52 Available

FORDDetached0 Available

OLD MILTONDetached

Starting at 359,900

8 AvailableCondo Apt

Starting at 283,000

2 Available



Homes For Sale

What is MLS?Not intended to solicit buyers or sellers currently under contract with brokerage.



CROSSWORD PUZZLE

The Solution

8 2 567 8 4 1

6 2 359 7 2 1

3 6 9 47 9 18

2 3 1 9

9 1 42

SUDOKUSUDOKU

892135 764

375862 491

614293 587

469758 213

287419 356

153687 942

746921 835

528346 17

931574 628

9

Fill in the grid above, so that each rowof 9 squares, each column of nine andeach section of nine (three squares bythree) contains the numbers 1 through 9 in any order. There is onlyone solution for the puzzle and thenumbers shown can NOT be changed.

Selling Homes in Winter Has Its Advantages

People tend to think it’s harder to sell yourhome in winter than in spring or summer.While this may be generally true, there are

always people looking to buy. Whether it’smoving to a larger home after a newborn baby(or two), relocating for work, taking advantageof the slower months to view homes at a morecomfortable pace, or even downsizing ifnecessary, there is never an ‘off-season’ in realestate!Naturally, there is less competition on themarket in these winter months. While there maynot be as many buyers either, the above factorsmean that there are still people looking to buy.With less available houses on the market, youwill have more time on average to show thesepeople your home, which increases the

likelihood that they’ll become interested andmove forward with purpose.You can take advantage of the cold weather byplaying up the warm, cosy feeling people getwhen entering a welcoming home in the winter.Make sure the house is well heated. This can beeasily overlooked, especially if there is no oneliving in the home at the time. People will notwant to linger around a freezing house for long!Little things like lighting candles, having someslippers at the front door for people, or havinghot chocolate ready for people when they arrivecan really set the mood upon arrival. Makepeople feel as comfortable as possible, and goodthings will happen.

Author: Rob Golfi

Cartoon



Does a minute matter in a real estate deal?

Real estate contracts often saydeals must be concluded no laterthan 6 p.m. on the day of closing.

What happens if you miss the deadline?The standard Ontario real estate contractsays deals must be concluded no laterthan 6 p.m. on the day of closing. But ifyou’re a minute late, will that kill thedeal?On Friday, Nov. 30, 2007, lawyerMichael Gatien went to the Cornwall,Ont., registry office to register a deed onbehalf of his client, who had just boughta plaza. He had wired the purchase fundsto the trust account of the seller’s lawyerjust after 4 p.m. and received the finalgo-ahead to register the deed at 4:53p.m. But when he tried to register thedeed, he missed the 5 p.m. deadline byone minute. The registration systemwould not accept anything after 5 p.m.The seller then tried to cancel the deal,claiming the deed was not registered intime. The buyer’s lawyer argued thatsince all steps had been taken to closethe deal, the deed registration could takeplace when the registry office reopenedon Monday.The sale had involved difficultnegotiations and there were some hardfeelings, which all contributed to theseller trying to cancel the deal. It went tocourt in March 2009 and a judge ruledthe seller could not refuse to close.Normally, real estate deals close whenthe money has been delivered from thebuyer’s lawyer to the seller’s lawyer andtitle has been transferred to the buyer.Funds are usually sent by wire transfer.The seller’s lawyer releases the deed fortransfer on the government computerregistry system and the buyer’s lawyerthen completes the computerregistration.Why does the standard agreement say

that deals can be completed by 6 p.m. ifthe computers close down at 5 p.m.?In order for the computer registrationprocess to operate efficiently, lawyersfor the buyer and seller sign anagreement that says all the money willbe held in escrow until the deed getsregistered. In many cases, buyers arewaiting for their own sale deal to closein order to get the money to close theirpurchase. As a result, there is often notenough time to get the money wired intothe trust account and to complete theelectronic registration before 5 p.m. Thisis especially true at the end of the month,when many deals are closing on thesame day.As a result, in many cases, the dealcloses after 5 p.m. “in escrow.” Thelawyers agree that even though the deedis not registered, the buyers can moveinto the home, the seller’s lawyer willhold the money overnight in their trustaccount and the deed will be registeredthe next morning. This escrowagreement is typically completed before6 p.m.Can a seller get out of the deal if themoney is not delivered to their lawyerbefore 5 p.m.?

While this did not occur in the abovecase, a judge will also look at the localpractice of how real estate deals areconducted.In another case, a buyer’s lawyer waslate getting the cheque to the seller’slawyer. The seller tried to cancel thedeal. The court found that the sellercontributed to the deal closing late bydelaying the final closing visit of thebuyer and not giving the buyer’s lawyerinstructions as to how to make thecheques payable until late in theafternoon.Another question that arises on closingis when does a seller have to let thebuyer into the house?This should happen as soon as titleregistration takes place and not laterthan 6 p.m. if it is an escrowarrangement. In one case, a buyer’smovers sat in the driveway from 6 p.m.on the day of closing until 9 p.m.,waiting for the sellers to leave. It costthe sellers more than $1,000 to pay forthe buyer’s additional moving costs,since they were late leaving the home.Sellers also cannot leave junk in thehouse on closing. If they do, the buyercan sue to pay for the cost of removingit.Sellers, vacate your home early on thedate of closing and take everything withyou. If you need more time, makechanges in the contract at the time yousell it.Buyers and sellers, do not try to changeyour mind and cancel a deal because adeed cannot be registered in time. Letyour lawyers complete the escrow andmove on.

Mark Weisleder is a Toronto real estatelawyer. Contact him [email protected]

11 Critical Home Inspection Traps To Be Aware BeforeListing Your Home For SaleHALTON – According to industryexperts, there are over 33 physicalproblems that will come under scrutinyduring a home inspection when yourhome is for sale. A new report has beenprepared which identifies the elevenmost common of these problems, andwhat you should know about thembefore you list your home for sale.

Whether you own an old home ora brand new one, there are a number ofthings that can fall short of requirementsduring a home inspection. If notidentified and dealt with, any of these 11

items could cost you dearly in terms ofrepair. That’s why it’s critical that youread this report before you list yourhome. If you wait until the buildinginspector flags these issues for you, youwill almost certainly experience costlydelays in the close of your home sale or,worse, turn prospective buyers awayaltogether.

In most cases, you can make areasonable pre-inspection yourself ifyou know what you’re looking for, andknowing what you’re looking for canhelp you prevent little problems from

growing into costly and unmanageableones.

To help homesellers deal with thisissue before their homes are listed, a freereport entitled “11 Things You Need toKnow to Pass Your Home Inspection”has been compiled which explains theissues involved.

To order your free copy of this reportvisit. www.haltonhomeinspectionpitfalls.com



SOLD

B. 905.272.5000 wwwwww..mmaanncchhiissiitteeaamm..ccoomm

Jody & Domenic MANCHISI

Sales Representative & Broker

Domenic Machisi - Mortgage Agent

Real Estate Insider Vol 1 2014

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Transcript of Real Estate Insider Vol 1 2014