1. Real Estate Market Watch Our Service Will Move You!
REALTY CENTRES, BROKERAGE
Independently Owned and Operated
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Volume 2, Issue 2
In This Edition: Ten Easy Ways to Update Your Home for Resale
What exactly is “Home Staging”? It is preparing the home for the real
estate market so that it is appealing to potential buyers and stands out
Ten Easy Ways to Update
amongst the competition. And the reason this is important is to get
Your Home for Resale
the house sold as quickly as possible at optimum price!
3 Mortgage Rules Coming
Into Effect 1. Steam clean carpets and consider installing 7. Increase the curb appeal of your home by
Kids Corner hardwood flooring or ceramic tiles. planting flowers or placing planters in the
front and back yards.
Understanding Your Local 2. Paint walls in a neutral but pleasing hue.
Real Estate Market 8. Use a lightly scented oil to add a fresh scent
3. Replace the faucets in your bathroom; to your home. Similarly, putting on a pot
Customer Testimonial stylish and contemporary fixtures, such as of coffee or baking a cake produces pleasant
Yard Sale Savvy the Arzo Bath Collection by Delta, exude a smells that evoke the feeling of home.
Market Watch luxury feel at an affordable price point.
9. Depersonalize your home by removing
Meet the Team 4. Change a toilet, sink or counter to a family photographs to help potential
neutral tone for an instant update. buyers envision themselves in the space.
Seminar
10. Help the homeowner see the possibilities;
Homes For Sale 5. Paint the tiles in a bathroom or the kitchen
set the table for dinner with flowers, fine
to inexpensively upgrade a space.
dishes and cutlery or run the bath and add
Buy or Sell with 6. Do an all over clean-up and purge of your floating candles, leaving out a robe or a set
home. Prospective buyers often can’t see of fresh towels to enhance the feel of a
Tom & Diane Mitchell and beyond clutter. spa-like setting.
Use this Truck for FREE*
3 Mortgage Rules Coming Into Effect
March 18, 2011 homes, such as home equity lines of credit, or
1. Reduce the maximum amortization period to HELOCs.
If you have any questions about your
30 years from 35 years for new government-
Mortgage and/or if you are in the market to
backed insured mortgages with loan-to-value
purchase, we can put you in contact with
ratios of more than 80 per cent.
a knowledgeable mortgage broker to discuss
2. Lower the maximum amount
interest rate trends and the impact
Canadians can borrow in
on affordability, and which mortgage strategy
refinancing their mortgages to
will fit your needs.
85 per cent from 90 per cent of
Call 905-898-6300 or email
the value of their homes.
admin@themitchellteam.com
April 18, 2011
3. Withdraw government insurance
backing on lines of credit secured by Courtesy of Bill Nugent, Dominion Lending Centres
*Some conditions/restrictions apply.
Subject to availability. Available to charities
Free No Obligation Market Evaluation Of Your Home
905-898-6300 www.TheMitchellTeam.com

2. Mitchell Understanding
Kids Corner Yo u r L o c a l R e a l E s t a t e M a r k e t
Experts always say that real estate is a great more homes available to buyers, the harder it
investment because the value of homes is will be for sellers to move properties. Most
Hello, always going up. To some extent, there’s truth communities have some new construction,
in that. But it’s also a fact that the real estate but the key is to determine if it is outpacing
Boy this winter sure has been cold with market fluctuates. Many people mistakenly the demand.
lots of snow so far! Not that I am rely on national trends when evaluating the Increased job growth and in-migration.
complaining because it gives me lots of real estate market, however, this could at Where there is strong growth, there are new
skiing options! I’ve been working on my times be misleading. The key is to focus on workers. New workers need some place to
and understand your local market. live. A vast percentage of these people will be
G-1 and hope to be licensed soon.
Driver training has been very helpful Focusing on your local real estate market is moving in from other areas and often are
but for now if you see me at the wheel of the key to evaluating real estate deals. This bringing money from a previous home. If job
however could be difficult to evaluate since growth is strong, your real estate market
my parents car “beware” Just kidding of
there is often less information on particular should be stable and showing appreciation.
course! With regards to my hockey team
areas versus the national situation. To Real estate doppler effect. Real estate is
we’ve been put out of the Ontario understand your real estate market, here are a governed by the law of cause and effect.
playoffs and now we are back in the York few factors to focus on. Positive situations cause positive outcomes,
Simcoe’s. Hope we win it!
Understand the market trend. Sometimes and vice versa. For example, a vibrant
it’s a buyer’s market and sometimes it’s a economic growth leads to a vibrant real estate
Megan is back at University busy with
seller’s market. And there are actually other market and strong appreciation of homes,
school and comes home some weekends. times when the real estate market is in while loss of jobs and a languishing economy
I like to think it’s to visit with me but I transition. A transitional real estate market produce exactly the opposite effect.
really think it’s to ride her horse “Ruby”. poses certain issues for people who are buying The conditions that make a good market can
Jay is back in Switzerland on the home and selling homes and you should be aware of change literally overnight. All it takes is the
stretch of her MBA program. She them. This is especially true for anyone entrance of a major employer or a little word
graduates in May of this year and as you involved in real estate right now because the of mouth and buyers looking for a bargain
all know by now the big wedding date is real estate market in many areas is either in and seeing others take a chance, and before
fast approaching! July is the Month! transition or could be in transition shortly. you know it, a neighbourhood has turned
Supply and demand. Real estate is governed around. Homes that sat unsold are selling for
Well for now, stay warm! After all, by the law of supply and demand. This rule high prices. Young people are moving in,
Spring is just around the corner. is absolute and without exception. The making improvements, and making the area
appreciation of a market, the expectations of cool to live in.
Luke buyers and sellers, and the velocity of market If you are thinking of buying or selling a
sales are all dictated by the supply of, and the property, consult with your local real estate
demand for, real estate for sale. agent. He or she is equipped with the right
New construction is another area to consider tools and knowledge to insure your
when evaluating your market. In this case, we investment is a successful one.
Yard Sale Savvy are focusing on supply and demand. The
If you’ve got it, flaunt it! MARCH CHECKLIST APRIL CHECKLIST
Clean or replace Remove snow and Clean oven and Sort winter clothes
Certain items are always in high demand furnace filter ice from roof refrigerator for tossing, donating,
Vacuum walls,
Inspect attic,
overhang and sale or storage
at yard sales. If you have them, mention vents baseboards, furniture Set aside garage sale
Transplant and move
basement and
Check smoke
items, drop off
tem in Newspaper Ads, Flyers, Kijiji or crawl space
plants that are still donations and haul
Check sump pump
Craigs List. Remember to display those alarms and dormant or just garbage to the dump
CO detectors
Clean range hood
starting to wake up or dumpster
these items prominently; Check water Reseed patchy areas Check sprinkler
filter
curbside is a great spot! heater of lawn systems
Clean humidifier Wash windows inside
These are always popular and draw
attention: Here’s What Our Clients Are Saying About Us!
Appliances, Kids Clothes, Baby Our recent clients Jackie Carelton were so happy with
Equipment, Never-Used Items, Tools, The Mitchell Team’s Service they wrote to say:
Sports Equipment, Furniture; Especially Our most recent sale required a very specific buyer and The Mitchell Team helped us
Kid’s Furniture. find that buyer during a tough market...Tom and his team have sold 3 houses for us now
and we have always received professional and pleasant service. Our most recent sale
If you are having a garage sale let us required a very specific buyer and The Mitchell Team helped us find that buyer during
know, we will post it on our blog and a tough market. Sandra and Jennifer kept us informed and assisted us with patience
facebook. Just call 905-898-6300. during the entire sale and purchase process. Thank you Mitchell Team!
We would appreciate the opportunity for your business too, please call 905-898-6300

3. Market Watch CREA Boost Annual Mitchell Team
Resale Housing Forecast... Market Watch
OTTAWA – February 8, 2011 The lower than the record result reported in
Canadian Real Estate Association (CREA) January 2010.
has revised its 2011 forecast for home sales
“While off the record pace experienced a
Aurora - N06 2010 2011
activity via the Multiple Listing Service®
(MLS®) Systems of Canadian real estate year ago, the GTA resale market has started Sales 39 43
Boards and Associations, and extended it to the year on a solid footing. Home buyers in
2012. Toronto and surrounding areas continue to Listings 90 85
benefit from a diversity of housing types
Sales in the second half of 2010 rebounded for sale at many different price points,” said Average Price $496,793 $515,737
faster than CREA had previously expected. TREB President Bill Johnston.
“The hand-off going into 2011, together
% of Asking 100% 98%
with the highs and lows for sales activity The average selling price for January 2011
posted in 2010, provided guidance for sales was $427,037, representing an
Avg Days on Market 43 36
CREA’s revised forecast,” said Gregory increase of over four per cent compared to
the average of $409,058 reported in January
East Gwillimbury - N15
Klump, CREA Chief Economist.
2010. Sales 19 11
“Home buyers recognize that low mortgage
interest rates represent a once in a lifetime “The average selling price is expected to Listings 46 26
opportunity. At the same time, they expect grow at a moderate pace in 2011. Growth
that rates will rise, so they’re doing their rates in the three to five per cent range will Average Price $496,421 481,718
homework in order to understand what it be sustainable from an affordability
could mean in terms of higher mortgage perspective,” said Jason Mercer, TREB’s % of Asking 97% 96%
payments down the road before they make Senior Manager of Market Analysis.
an offer,” said Georges Pahud, CREA
Avg Days on Market 58 70
President. “The housing market and buyer Median Price
psychology is different now than it was at
Newmarket - N07
In January, the median price was $360,000,
the beginning of last year, so buyers and
from the $350,000 recorded during January
Sales 73 56
sellers would do well to consult their
of 2010.
REALTOR® to understand local market Listings 132 113
trends.” National Average Ontario Average Average Price 377,883 $411,879
Good Start to 2011 Dec-10 $344,551 $343,257
% of Asking 98% 99%
February 4, 2011 Greater Toronto Dec-09 $337,534 $331,410
REALTORS® reported 4,337 transactions
Avg Days on Market 25 34
through the TorontoMLS® system in
*Source CREA
January 2011. This result was 13 per cent
West Gwillimbury - N18
St. Patrick’s Day has been celebrated since March 17 in 461 AD when St. Patrick
Sales 21 30
died. That day has been commemorated as St. Patrick’s Day ever since. The first Listings 63 49
year St. Patrick’s Day was celebrated in North America was 1737 in Boston,
Massachusetts. As the saying goes, on this day “everybody is Irish!” Average Price $322,750 $307,963
% of Asking 98% 97%
Meet the Award Winning Mitchell Team Avg Days on Market 87 41
Our highly skilled team takes customer service to new levels YTD as of January 31, 2011
S
A T
E
Real Estate Investor Seminar
L A
E M
S Date: Tues., March 8th, 2011
Seminars held from 7:00 - 9:00pm at the
Tom Mitchell* Nicolette Lesperance* Brandon Kosarow* Jennifer Mitchell* Bonnie Butler* Newmarket Public Library, 438 Park Ave., Newmarket
S
U T To Register call 905-898-6300 or email at
P E
P A Admin@TheMitchellTeam.com
OM
R
T Gardening is good exercise.
Diane Sandra Stephanie Chris Don
Rake, hoe, dig or pull weeds
Rita
Mitchell*
Team Manager
Bailey*
Client Care
Mulvina
Business
Development
Nordine
Marketing
Bower
Interior Designer
MacDonald
Team Courier
by hand and burn up to
* Sales Representative Administrator Administrator Coordinator
300 calories per hour.

4. Our Service Will Move You!
REALTY CENTRES, BROKERAGE
Independently Owned and Operated
Additional Photos Online www.TheMitchellTeam.com
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Buying or Selling? Or Know Someone Who Is?
Pick up the phone and call The Mitchell Team 905-898-6300