Om034335 volume 9 issue 2_treb-a


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Om034335 volume 9 issue 2_treb-a

  1. 1. Strong Home Prices Close Out 2012Information courtesy of the Toronto Real Estate Board.TREBThe Toronto Real Estate Board(TREB) reported that as home pricesrose in 2012, total sales for theyear dropped slightly from 89,096transactions in 2011 to 85,731 in2012 – still a healthy showing on anoverall basis.TREB President Ann Hannah said,“The number of transactions in 2012was quite strong from a historicperspective. We saw strong year-over-year growth in sales in the firsthalf of the year, but this growthwas more than offset by salesdeclines in the second half. Strictermortgage lending guidelines resultedin some households postponingtheir purchase of a home. In theCity of Toronto, the dip in sales wascompounded by the additional LandTransfer Tax, which buyers mustpay upfront.”Referring to the rise in the 2012average selling price by almostseven percent to $497,298, TREBSenior Manager of Market AnalysisJason Mercer noted, “Robust annualrates of price growth were reportedthrough most months of 2012. Pricegrowth was strongest for low-risehomes, including singles, semis andtownhouses. Despite a dip in sales,market conditions remained tight forthese home types with substantialcompetition between buyers.”If you’re wondering what the marketconditions are like in your area, orhow much your home might beworth this spring, please call todayto set up your no-obligation update!Sales & Average Price By Major Home TypeDEC. 2012 Sales Average Price416 905 Total 416 905 TotalDetached 491 1,254 1,745 $722,393 $565,544 $609,678Yr./Yr. % Change -12.3% -13.6% -13.2% 2.4% 8.1% 6.2%Semi-Detached 129 242 371 $556,260 $385,723 $445,020Yr./Yr. % Change -35.2% -15.4% -23.5% 7.4% 5.6% 4.0%Townhouse 154 423 577 $392,590 $347,897 $359,825Yr./Yr. % Change -20.2% -15.2% -16.6% 5.2% 5.2% 5.1%Condo Apartment 680 263 943 $342,847 $281,458 $325,726Yr./Yr. % Change -26.9% -26.3% -26.7% -1.8% 2.1% -0.9%Recine Team ReportCompliments of Melanie & Fabio RE/MAX Premier Inc., BrokerageEach office is independently owned and operated.Melanie Maranda Recine &Fabio RecineSales Representatives"Its your callCall Melanie and Fabio"RE/MAX Premier Inc., Brokerage9100 Jane Street, Bldg. L, Suite #77Vaughan, ON L4K 0A4Office: 416-987-8000Fax: 416-987-8001Direct Melanie: 647-836-4062Direct Fabio: 416-828-5441mmaranda96@hotmail.comfrecine@trebnet.comwww.RecineTeam.caGreetings! You’re receiving thisnewsletter with hopes that you find itinformative and entertaining.If you’re thinking of making a move, orare just curious as to real estate trendsin your area, please feel free to call atany time. It’s always good to hearfrom you!Best wishes,Melanie and FabioVolume 9, Issue 2
  2. 2. The War Against Germs2Rhinoviruses (the predominant cause of colds) andinfluenza viruses are easily transmitted through directcontact with contaminated surfaces, and can live onsurfaces anywhere from several hours, up to two days.Where are germs – viruses included – most likely to behiding in your home? Some of the answers you’ll no doubtguess – others may surprise you.Your kitchen sponge/dishrag/towels. Their moistness makesthem an ideal breeding ground in which germs can surviveand thrive.The TV remote. When it’s not stuffed between the couchcushions, it’s being handled by hands that have beencoughed and sneezed on.Doorknobs, light switches, and handles (faucet, appliance,drawer, or door). In and out, on and off, all day, every day –is it any wonder they’re so dirty?Your computer keyboard. Do you eat and drink over yourkeyboard? Many people do – but then don’t clean themnearly as often as they should.The bathtub. Some studies have even shown the bathtub,particularly the area around the drain, to be dirtier thanthat other bathroom culprit, the toilet.Your salt and pepper shakers. Would you believe yourshakers can have one of the highest concentrations ofviruses in your home?Now that you know some common hotspots, how can youinhibit the spread of germs at home and lower the risk ofillness? First, step up your disinfecting game, if only duringcold and flu season.There are plenty of commercial wipes and solutionsavailable that promise to “kill 99.9% of germs” and whoselabels shout “antibacterial”. But chances are you’ve alreadygot some highly effective disinfectants in your cupboards– ones that are less expensive and less toxic, too: bleach(a little goes a long way when diluted with water), whitevinegar, lemon juice, hydrogen peroxide, and isopropylalcohol. Whatever your disinfectant of choice is, use it withpaper towels, which can be thrown away after use, furtherhelping to prevent the spread of germs.Of course, the best thing you (and everyone else in yourfamily) can do to inhibit the spread of germs and illnessat home is wash your hands, frequently and thoroughly.A proper hand washing requires soap and lots of rubbing– palm-to-palm, palm-to-back, and fingers interlaced– for at least 20 seconds. And if you think you need anantibacterial product, here, too, think again: regular soapswork just as well as those marketed as “antibacterial.” Infact, many experts now advise against antibacterial soaps asthey’re no more effective, yet may contribute to antibioticor antibacterial resistance. Finally, dry hands completely– damp ones spread more bacteria than dry ones – usingdisposable towels, or designate a towel for the exclusive useof each family member during cold and flu season.As we’re in the thick of cold and flu season, now seems a fitting time to talk about germs at home – where theylike to congregate, how to prevent their spread, and, by extension, how to minimize the risk of them making youand your family sick.
  3. 3. Fully DetachedHunting EquipmentVolume 9, Issue 2 3Home hunting can be an arduous task. To make theprocess less stressful and more fruitful, here are sixthings you should consider bringing with you on thehunt for your next address. A needs/wants checklist. This is a handy way tomeasure how each property you look at stacks up toyour requirements. As well, a checklist will help keepyou focused and your decision-making based on yourneeds rather than on your emotions. A pen and paper (or more high-tech note-takingdevice). You’ll no doubt want to take some notes –what you saw that you liked, what would have tochange, any concerns you had, questions you’d like toask – about each home you visit. A camera. Homes tend to blur together after a while,so taking pictures of their exteriors and surroundingswill help you to remember (and distinguish between)each property – just be respectful of sellers’ privacyabout interior photos. A tape measure. You might not need this on your firstround of home hunting, but once you’ve narrowedyour search down to serious contenders, you mightwant to know things like how (or even if) yourfurniture will fit in the space. Energy-boosting snacks. It’s easyto run out of steam when viewingseveral homes in a day; plus,it’s hard to focus whenyou’re hungry. Dried fruitand nuts, yogurt andgranola, or whole-graincrackers with cheese aregreat battery rechargers. A professional real estatesalesperson. If you bringnothing else, bring yourreal estate representative.Your rep will save youtime, by narrowing yourhome search and keepingyou focused, and saveyou stress along the way.Get packing. Start with the personal stuff:photographs, diplomas, trophies, kids’ artwork,souvenirs, knick-knack collections, etc. With thesethings gone, it’s easier for buyers to imagine themselvesliving in the space – and it’s easier for you to picturethem there, too. Besides, you’ll have to pack thesethings up at some point anyway.Redecorate – for buyers, that is. When your property’son market, its décor should appeal not to you, but tothe greatest number of potential buyers: think neutralcolors and subdued patterns on walls and floors. Whenit stops looking like your home, it stops feeling likeyour home – that’s a step in the right direction for youand for buyers.Adopt a show-ready lifestyle. While your home is forsale, you need to tweak your daily routine so as to beprepared for buyers’ arrival at a moment’s notice. Thatmeans making some rooms off-limits, taking the trashout every day, and making beds every morning, forexample. With the change in routine comes the neededchange in mentality.Ask your real estate sales rep for a report oncomparable sales – current sales of properties similarto yours in terms of square footage, number ofbedrooms, number of bathrooms, etc. Seeing such abreakdown will help you to paint a picture of yourhome that’s by the numbers rather than one that’sdrawn from emotion.Emotionally detaching from your home is key toremaining objective when setting your asking priceand sitting at the negotiating table. Here’s how tostop seeing your home as “your” place, and startseeing it as a product to be marketed and sold likeany other.
  4. 4. Finished or not, basements add valuable space to a property,but homeowners often overlook this area of the housewhen preparing to sell. Here are some tips to help get yourbasement looking its buyer-ready best.Declutter and organize. Most people use their basements forstorage. By decluttering and organizing yours, not only willyou make it look more spacious, you’ll demonstrate its valueto buyers, showcasing a great place to store and organizeall of their sporting equipment, holiday decorations, andpatio furniture.Clean. Wash floors; vacuum carpets; dust baseboards,furniture, gym equipment, etcetera; clean appliances andmechanical fixtures (e.g. HVAC equipment). By doing so, you’llremove the “ick” factor, defy buyers’ expectations aboutbasements, and impress upon them the image of a well-maintained house.Lighten and brighten. Open up window coverings, cleanwindows, and trim any landscaping that’s blocking windowsin order to maximize natural light. Outfit fixtures withthe brightest bulbs that can safely be used and consideradditional lighting to banish the shadows from otherwisedark areas.Paint. A fresh coat of neutral-colored paint on unfinishedbasement floors and on drywall will help make your basementlook cleaner, brighter, and more livable.Set the stage. Demonstrate your basement’s potential. Forexample, are kids’ toys scattered across your basement? Setthem up in a designated play area. Storing excess furnituredown there? Create an inviting reading nook.Please call for more “underground” tips today!Underground, OverlookedTerminology TipENCROACHMENT — A situation wherea structure is built wholly or in part ontoan adjoining property. Examples area neighbors fence, storage shed, oroverhanging roofline that partially (oreven fully) intrudes onto your property.It is highly advised to have a professionalsurvey performed before building any typeof structure on your property even if youare clearly building on your property. Eachcity and county has specific codes andeasements that are strictly enforced.4The information and opinions contained in this newsletter are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the publishedinformation. This newsletter is provided with the understanding that it does not render legal, accounting, or other professional advice. Not intended to solicit properties or businesses listed for sale and agency agreements in place with other real estate brokers. Whole orpartial reproduction of this newsletter is forbidden without the written permission of the publisher. © Market Connections Inc.® 2013, Phone: (800) 387-6058.www.RecineTeam.caMelanie Direct647-836-4062Fabio Direct416-828-5441Fabio and Melanie RecineSales RepresentativesCompliments of Fabio Melanie Recine RE/MAX Premier Inc., Brokerage