Real Estate Insider Vol 2 2014

REAL ESTATE INSIDERY o 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

OUR COMMUNITY | Milton • Campbellville • Acton • Rural • HaltonFeb 7,2014 - Vol 002

WHAT’S INSIDE:10 ways to cut moving cost, PAGE 5The listing agreement, PAGE 7

Should your home’S Selling Price be made Public?Canada’s competition commissioner

says any member of the public should be able to find out a home’s

sale price.Should you care whether someone knows how much you paid for your home?Some people think that information should be made public, while others believe that constitutes an invasion of privacy. Why should a stranger have access to that kind of information? This issue is a big bone of contention and now the basis of a lawsuit launched by Ottawa’s Commissioner of Competition against the Toronto Real Estate Board. The commissioner holds that anyone should be able to go onto a real estate brokerage’s

website and see any price of a recently sold home in their neighbourhood. In Ontario, real estate agents can view prices through their local MLS system, but members of the public cannot. In Canada, only Nova Scotia lets everyone see this information, while in the United States, access is for the most part universal.More of my clients are asking if there is a way to keep the price they paid for their home off the title records that are accessible by anyone. It can be done if you make arrangements to pay the land transfer tax before closing. This way you keep the price you paid off the title.The competition commissioner believes that if sold prices were publicly available,

buyers could figure out what to offer on a home themselves and would not need to employ a real estate agent. In my view, it wouldn’t change anything because there are many varied reasons why a home sells for a particular price, For example:• Two houses on the same street, the same size, built by the same builder, may have different views and layouts, which can make a big difference in their curb appeal.• The price is affected by seller motivations. One vendor may have to sell quickly because she has bought a house, or has had a change of life circumstance, whether through death, marriage breakup, or job relocation.Continue reading this article on page 2.

Jody & Domenic MANCHISI

Sales Representative & BrokerMMANCHISI

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.

905-875-4594

2 REAL ESTATE INSIDER Feb 7, 2014

www.manchisiteam.com

About Domenic 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

Solution Last Issue Crossword

Solution Last Issue Sudoku

Should your home’sSelling Price be madePublic?

M e e t t h e Te a m

Mickey GALEKOVIC

[email protected] Representative

Angela [email protected] Representative

April [email protected]

Sales Representative

Domenic MANCHISI

[email protected]

JodyMANCHISI

[email protected] Representative

• A history of sewage backups could affect a selling price, orwhether the house backs onto a park or ravine, or is close to ahydro tower.• What about a wind farm that has just been announced ascoming to your area, a crazy neighbour, or a halfway houselocated on the same block?In the U.S., sold prices have been available for years. A studycompiled by the National Association of Realtors found that89 per cent of deals done in 2011 were handled by real estateagents. This figure was much higher than it had been beforethe Internet came into common use.Before the lawyers make too much money fighting overprivacy, my hope is that this issue can be settled amicably andthat buyers and sellers continue to receive all the informationthey need, whichever way they might try to buy or sell ahome.Mark Weisleder is a Toronto real estate lawyer. Contact him [email protected]

8 9 2 1 3 57 6 4

3 7 5 8 6 24 9 1

6 1 4 2 9 35 8 7

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1 5 3 6 8 79 4 2

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9

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!

TIMBERLEA $288,000661 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

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

ACTON $379,000123 Mill St W

Great location, close to school, amenities and a short walk to FairyLake. Well maintained 3+2 bedroom home. Terrific fro largefamily, in-laws or nanny suite in lower level with walkout to yard,2nd kitchen, Living area with fireplace, 3pc bath and laundry!Fenced Yard and more...call today!

COATES $1,550660 Best Road

Terrific Semi-Detached Home In The Area Of Coates. Close ToAmenities, school, parks and transit. Open concept main floor.Finished Rec room added living space. Master Bed offers walk-incloset and 3 pc bath.

FEB 7, 2014 REAL ESTATE INSIDER 3

FOR SALEFOR SALE


Why am I stillrenting? Can I affordto buy a home in

today’s market? Callus today to see how.

LIKE us on FACEBOOKwww.facebook.com/Manchisiteam

GEORGETOWN $524,80077 Guelph Street

Magnificently restored century home perfectly located & set up fora home based business. 9’ ceilings, hardwood floors, crownmoldings, exposed brick & more. Large eat-in kitchen with walkout to deck and yard, finished basement with 4th bedroom.Detached garage and parking for 3 cars.

FOR SALEFOR SALE

DOWNTOWN BRAMPTON $409,00019 Fraser Ave

A picturesque, South facing 40x120 lot on peaceful Fraser Avewith a renovated home is perfect for a family or an investor.Separate entrance to a self contained apartment that is beautifullybright. Hardwood floors, 2 great kitchens, large upgradedwindows and electrical, renovated bathrooms and much more.Walk to GO, Gage Park, restaurants, shops & more!

FOR SALEFOR SALE

BRAMPTON $394,900138 Dumfries Ave

Beautiful all brick detached home situated on a premium pieshaped lot in the community of heartlake, huge pool size backyardwith deck and fully fenced. Spacious home with 3 bedrooms, largeeat-in kitchen. Living/dining room with fireplace. Finished lowerlevel with 4th bedroom and fireplace.

BRAMPTON $619,90043 Eastbrook Way

Immaculate 4 bedroom detached home situated in a prime locationof the Gore neighborhood. Move in ready! Thousands spent inupgrades. Professionally finished interlocked driveway, hardwoodfloors in all the bedrooms, solid oak stairs. Call us today for yourpersonal tour.

FOR SALEFOR SALE

FOR SALEFOR SALE

MISSISSAUGA $599,9005193 Preservation Circle

Gorgeous 3+1 bdrm, corner unit executive freehold townhouse inhigh demand Churchill Meadows! Approx 2200 sq ft withprofessionally finished basement. 11' ceilings, open conceptkitchen with breakfast area. Family room with walk out to yard!Master bdrm with 5Pc ensuite & walk in closet! Beautifullylandscaped with private rear courtyard!

FOR SALEFOR SALE

FOR SALEFOR SALE

SCOTT $729,800279 McCready

Absolutely stunning executive 5 bedroom home. Spectacular mainfloor, large rooms, den, hardwood, crown mouldings, 9ft ceilingsand family size kitchen. Spacious second floor, 3 full bathrooms.Huge Master Bed with 2 walk-in closets plus a third & a stunning6pc ensuite. Shows ++10

FOR SALEFOR SALE

FOR SALEFOR SALE

For LeaseFor Lease

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!

TORONTO - ERINGATE CENTENNIAL $189,000716 The West Mall Unit 906

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!

TIMBERLEA249 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.

MISSISSAUGA $435,0004635 Regents Terrace #37

End unit 3 bedroom townhome siding on to the Cooksville Creek!Huge back yard for your family to enjoy. Main floor den with baywindow. Executive complex. Live in the heart of the city, close toall major amenities & highways.

MISSISSAUGA ASKING $505,0005628 Freshwater

Stunning 3br.semi-det.hardwood flrs,finbsmt.,upgraded kit.with granitecounters.Thomas/10th.line.

MISSISSAUGA $684,9005368 Heritage Hills Blvd

Great Home In A Family Oriented Neighbourhood, 4Large Bedrooms, Hardwood And Ceramic Floors, OakStairs, Main Floor Laundry. Walking Distance ToSchools And Transit. Fully Finished Bsmt With Bdrm,Liv Room, Full Bath, New Kitchen, Sep. Entrance.


CALLTODAY

905-875-4594

SHELBURNE $214,900517 Pineview Gardens

Great home in friendly neighborhood, many updates includewindows on main floor, roof shingles, flooring, freshly painted.finished basement with gas fireplace. Large backyard with deckand 10 x10 Shed.


FOR SALEFOR SALE


WILLMONT1005 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.

SEE YOURHOMEHERE

LeasedLeased

WILLMONT1005 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.

LeasedLeased

FOR SALEFOR SALE

FOR SALEFOR SALE

SOLDSOLD

FOR SALEFOR SALE

FOR SALEFOR SALE

SOLDSOLD

BEATYDetached

Starting at 484,900

9 Available

SemiStarting at 412,500

2 Available

SCOTTDetached

Starting at 589,000

8 Available

Freehold TownsStarting at 417,000

2 Available

SEMIStarting at 439,900

3 Available

WILMONTDetached

Starting at 449,900

15 Available

SemiStarting at 469,900

1 Available


1 Available

DORSET PARKDetached

Starting at 469,900

5 Available

CLARKEDetached

Starting at 529,000

6 Available


1 Available

Condo AptStarting at 289,900

3 Available

SEMIStarting at 429,900

1 Available

ACTONDetached

Starting at 298,000

16 Available

Condo TownsStarting at 364,900

1 Available

Condo AptStarting at 174,900

2 Available

COATESDetached

Starting at 488,900

2 AvailableSemi

Starting at 454,900

2 Available

HARRISONDetached

Starting at 539,000

3 AvailableFreehold TownsStarting at 385,900

5 Available

DEMPSEYDetached

Starting at 519,9003 Available

TownsStarting at 347,900

2 AvailableSemi

Starting at 449,9001 AvailableCondo Apt

Starting at 279,9006 AvailableCAMPBELLVILLE

DetachedStarting at 389,900

12 Available

The Manchisi Team Is Currently working withbuyers looking for:

- Semi-Detached “4 Bedroom semi” Home in the area of Coates

- Bungalow and 2 Storey's in Old Milton and Dorset Park

- Condo Townhomes

TIMBERLEADetached

Starting at 499,900

2 Available

RURALDetached

Starting at 359,900

48 Available

FORDDetached0 Available

OLD MILTONDetached

Starting at 354,900

6 AvailableCondo Apt

Starting at 274,900

4 Available

Feb 7, 2014 REAL ESTATE INSIDER 5


Homes For Sale

* Data Provided by the Toronto Real Estate Board. Not intended to solicit buyers or sellers currently under contract with brokerage.

10 Ways to Cut Your Moving Costs

Moving can be a very chaotic andexpensive task, one that needs tobe accomplished very carefully. A

move carried out in haste can bring aboutseveral unnecessary problems. Almosteveryone looks for cheap movers.However, there are professional movingcompanies, who offer competitive rates thatare easily affordable by everyone. There arecertain techniques or methods ofpreparation that can also help you minimizeyour expenses. Keeping a check on theoutflow of cash will make you betterprepared to understand unnecessaryexpenses. Creating a budget template inExcel or Microsoft Word—will make yourcalculations easier. If you are hiring amover, collect quotes from at least threedifferent professional moving companiesand include the highest quote in yourbudget. Check all the items that you aremoving. This will help you evaluate if youneed more insurance because the defaultinsurance offered by movers might not besufficient for you. Along with addedinsurance, find out if you require extraservices. Anything you can do yourself—even if seemingly small—will help cut yourmoving bill and give you extra money tospend on other relocation costs (like thepizza and beer for after your move).1) Reduce your load. Get rid of householditems that you no longer need. Hold agarage sale and leave books with friends,the local library or sell them to a usedbookstore. Anything you can't sell, give to alocal charity. Weight equals money.

2) Pack it yourself. Packing servicesperformed by the mover are expensive andcould amount to 25% of the moving cost.Even if you don't want to pack it allyourself, you can always do a partial pack,and have the movers handle the rest. Forexample, items that are nonbreakable suchas linens and bedding can be packed easilywithout the risk of damage.3) Save on packing. Luggage and carryingbags are perfect for packing sheets, towelsand clothing. Also, the bottoms of wardrobeboxes are great for bulky, lightweight items.Be wary of packing tips that might save youmoney initially but won't protect your stuff,for example, using newspaper instead ofbubble wrap.4) Drive your own moving truck. Using afull service moving company is extremelyexpensive. You can rent your own truck andhire movers to help load up and unload.5) Recruit help from friends or family. Ifyou have friends or family in the area,getting them to help you load up and/orunload is a blessing, because it saves timeand money. If you’re going to recruit help,make it's a fun event. Order some food, andmake it a moving party.6) Avoid the busy season. June, July, andAugust are the most expensive months touse a professional mover due to demand formoving services. Also, try to plan yourmove during the middle of the month—rates are higher at the beginning and the endbecause of the large number of apartmentleases with month-end dates. If you can beflexible with your move-in times, you can

also save money because the movingcompany can combine shipments.7) Get organized. Color-code boxesaccording to the room they belong in sothey all end up in the same place, savingtime for both you and your mover.8) Avoid storage costs by moving into yournew property immediately and make surethat you have payment ready for when thetruck arrives. Delays could result instorage-in-transit fees if your thingshave to be stored until they can beunloaded.9) Make sure you are insured. Your existinghomeowner’s insurance policy might coveryour move so you don't have to buyadditional moving protection.10) Your move may be taxdeductible. Keepall receipts and visit the Canada RevenueAgency's website for specific details aboutwhich moving expenses you can claim, orconsult a professional accountant tomaximize your tax return.



CROSSWORD PUZZLE

In certain market conditions, consumersmay find that more than one buyer isinterested in a property. This is a com-

peting offer situation and creates unique condi-tions in a real estate transaction. Both sellersand buyers need to consider how to respondwhen presented with a competing offer situa-tion. Working closely with your real estate bro-ker or salesperson will ensure that you under-stand the process.

In Ontario, the seller's real estate broker orsalesperson is required to disclose the number

of competing offers to all buyers who have sub-mitted a written offer. However, the terms andconditions of each offer are confidential to theseller and their broker or salesperson.

Working with a real estate broker or sales-person

The seller's real estate broker or salespersonrepresents the interests of the seller in the trans-action. The decisions about how offers are pre-sented and responded to, as well as which offeris accepted, are made by the seller.

The buyer's real estate broker or salesper-son represents the interests of the buyer in thetransaction. The buyer makes the final deci-sions related to their offer, including the impor-tant decision of whether or not they want toparticipate in a competing offer situation.

In some situations, the real estate broker orsalesperson will represent the interests of bothseller and buyer or multiple buyers. Consumersshould seek guidance from their real estate bro-ker or salesperson if this situation arises.

Competing Offers

SUDOKU

Feb 7, 2014 REAL ESTATE INSIDER 7


The Listing Agreement

When you decide to sell yourhome with a REALTOR®, oneof the most important forms

you will encounter is the ListingAgreement. The Listing Agreement isthe contract between you and the realestate brokerage authorizing thebrokerage, including its brokers andsalespeople, to market your property.The Listing Agreement is such animportant part of your real estatetransaction that you'll want to be sure itis as comprehensive and accurate aspossible. Your REALTOR® will workwith you to fill in all the details andleave nothing to chance.Detailed information about your home isspelled out in the listing agreementwhich helps other REALTORS®respond to questions from potentialbuyers about your property. Also, theListing Agreement forms the basis forany offers drafted on your home as wellas any resulting negotiations involvingthe offer.There are two types of listings - an"Exclusive" listing and a "Multiple"listing. An exclusive listing gives thebrokerage the sole right to find a buyerfor your home during a specific timeperiod. You agree to pay a pre-established real estate commission to thebroker once the sale is completed. Thecommission is payable to the brokerregardless of whether someone else sellsyour home -- including yourself duringthe set period or even if your home sellsat a future date to someone the brokerintroduced to the property.A multiple listing is also an exclusivelisting between you and the broker, butincludes your authorization to allow thebroker to market your home on theMultiple Listing Service (MLS) andhave other REALTORS® help to find a

buyer. In this case, you pay the agreedupon commission and it is sharedbetween the listing broker and theREALTOR® who found the buyer.Most often, a REALTOR® willrecommend that you list your homethrough the MLS so that you receivemaximum exposure in the shortest timepossible. Many REALTORS® inOntario use a standard listing agreementform such as the one published by theOntario Real Estate Association.

Because the Listing Agreement is sovital to the whole real estate transaction,REALTORS® are well-trained tocarefully include every last requireddetail. The agreement is divided into twosections - authority and property details.The authority section establishes thelegal relationship between you and thereal estate broker, sets a time limit forthat relationship, and describes theobligations of each party. The detailsection provides information about theproperty being offered for sale and theideal terms the seller would like to see inan offer. Your property will becompletely identified by its full legaldescription, including street and house

number, as well as to lot and plannumber if the property is in a registeredplan or subdivision.Your property size and location, floorarea, room sizes, style and number ofrooms, zoning, building age and type ofconstruction will all be spelled out onthe Listing Agreement. The listing price is specified along withany other clauses regarding price orterms. There is a specific reference tothe commission that will be paid upon asuccessful sale, trade or exchange of theproperty.Other details to be filled in on theListing Agreement include mortgageinformation, how many days untilclosing after your home sells, and howyour property will be shown. YourREALTOR® will also discuss with youwhat items you are willing to sell alongwith the home. These items usually fallunder one of two categories - fixtures orchattels. Fixtures are permanentimprovements that normally stay with aproperty as part of the sale. Things likecentral air conditioning, built-inappliances and wall-to-wall carpetingare fixtures.Chattels are usually movable pieces ofpersonal property such as microwaveovens, blinds or washers and dryers. Youmay wish to include some of these"chattels" to sweeten the deal. Theseitems will be clearly spelled out in theListing Agreement.Your home is probably the largest assetyou will ever sell and you want to besure you do it right. Selling your home isa complicated transaction involvingmany legal forms and procedures.Having a REALTOR® like DomenicManchisi on your side will ensure thesale of your home goes smoothly.

27 Easy Fix Up Tips To Give You The Competitive EdgeWhen Selling your HomeHALTON — Because your home maywell be your largest investment, sellingit is probably one of the most importantdecisions you will make in your life.And once you have made that decision,you’ll want to sell your home for thehighest price in the shortest timepossible without compromising yoursanity. Before you place your home onthe market, here’s a way to help you tobe as prepared as possible. To assist homesellers, a new industryreport has just been released called “27

Valuable Tips That You Should Know toGet Your Home Sold Fast and For TopDollar.” It tackles the important issuesyou need to know to make your homecompetitive in today’s tough, aggressivemarketplace. Through these 27 tips, youwill discover how to protect andcapitalize on your most importantinvestment, reduce stress, be in controlof your situation, and make the mostprofit possible. In this report you’ll discover how toavoid financial disappointment or

worse, a financial disaster when sellingyour home. Using a common-senseapproach, you get the straight factsabout what can make or break the sale ofyour home. You owe it to yourself tolearn how these important tips will giveyou the competitive edge to get yourhome sold fast and for the most amountof money. How to order your free copy of thisreport, check us out online atwww.halton27tips.com



Domenic Manchisi - Mortgage Agent

TO GET YOUR HOME SOLD CALL THE MANCHISI TEAM TODAY

CALL NOW905-875-4594DIRECT

SOLD

B. 905.272.5000 wwwwww..mmaanncchhiissiitteeaamm..ccoomm

Jody & Domenic MANCHISI

Sales Representative & Broker

Real Estate Insider Vol 2 2014

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Transcript of Real Estate Insider Vol 2 2014