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Om034335 volume 8 issue 12_treb-a


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Om034335 volume 8 issue 12_treb-a

  1. 1. Average Price Rises, Despite Fewer SalesInformation courtesy of the Toronto Real Estate Board.TREBThe Toronto Real Estate Board (TREB)reports a continuing slowdown in realestate transactions versus the sametime last year. However, even thoughGreater Toronto Area REALTORS®charted a sales decrease of 7.1percent in October 2012 comparedto October 2011, the average sellingprice in October 2012 rose to$503,479 – an increase of 6.2 percentcompared to October 2011.TREB Senior Manager of MarketAnalysis Jason Mercer notes, “Wecontinue to see price increases wellabove the rate of inflation. Activelistings have remained low from ahistoric perspective, so substantialcompetition between buyers stillexists, especially for low-rise homes.”Of course, the real estate market isfluid, and Mercer adds, “It should benoted, however, that the annual rateof price increase has been edginglower over the past few months asthe market has gradually becomebetter supplied.”TREB President Ann Hannahcommented, “Sales have decreased inthe second half of this year comparedto 2011, especially since the onset ofstricter mortgage lending guidelinesat the beginning of July. The prospectof higher monthly mortgagepayments due to the reducedmaximum amortization period hasprompted some households to delaytheir home purchase.”In this rapidly changing real estateenvironment, the services of yourreal estate sales representative aremore essential than ever. Let’s worktogether in 2013 to realize all yourhousing dreams. Until then, bestwishes for the holidays and a happy,healthy New Year!Sales & Average Price By Major Home TypeOCT. 2012 Sales Average Price416 905 Total 416 905 TotalDetached 931 2,417 3,348 $779,484 $573,598 $630,850Yr./Yr. % Change -7% -1% -3% 5% 8% 7%Semi-Detached 347 458 805 $575,618 $390,459 $470,273Yr./Yr. % Change -4% -9% -7% 7% 5% 6%Townhouse 286 775 1,061 $453,477 $357,237 $383,179Yr./Yr. % Change -10% -1% -3% 2% 5% 3%Condo Apartment 1,141 427 1,568 $358,741 $286,138 $338,969Yr./Yr. % Change -14% -20% -16% -2% 4% 0%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 8, Issue 12
  2. 2. Clutter Caution2Stress and Other Negative EmotionsStudies have shown that clutter can be a source ofconstant, low-grade stress, whether because it assaults theeye and brain with too much visual stimuli, resulting infeelings of “information overload”, or because clutter is avisual reminder of the work you feel you should be doing– that is, cleaning up. Clutter can also engender feelingsof lethargy, shame, hopelessness, and a loss of controlover one’s life and may be felt by the whole family.Time and MoneyClutter isn’t just a psychic drain, it’s a drain on your timeand finances too. When you have a place for everythingand everything is in its place, things are easy to find;when you live in clutter, you waste valuable time andenergy every day looking for things – things that maybe right in front of you, but obscured by clutter. Adisorganized home can also cause us to waste money: wemay not pay bills on time, or buy duplicates of items we“lost” or didn’t realize we already had, for example.Your Social LifeDoes the thought of having guests over send you intoa tailspin of anxiety? Is getting ready for company anall-day event? Have you stopped inviting people over ormaking friends because you’re embarrassed about yourhome? Are you habitually late for appointments becauseyou’re held up looking for things, causing conflict withfriends and family? Or perhaps people have begun to treatyou differently and are uncomfortable or avoid spendingtime in your home.Living in the PastHolding onto “stuff” can be a way of holding onto thepast. When we’re tied down by the memories that are tiedto our belongings, it’s hard to move forward in life, toachieve our goals and address persistent problems. To putit in Feng Shui terms, "nothing new flows into your lifeuntil you make room for it". In other, more familiar words— out with the old and in with the new. Remember, youdon’t need to hold on to the item in order to hold on tothe memory.Safety and SanitationClutter can make a home difficult to navigate through,increasing the likelihood of trips and falls – somethingyou especially want to avoid in homes with childrenor older adults. Speaking of children, clutter makesit easier for them to get their hands on things theyshouldn’t. It also makes it harder to keep your homeclean, as it obscures surfaces and collects dirt itself,leading to excessive dust and perhaps mold, which isparticularly problematic if anyone in your home hasrespiratory sensitivities.Much has been said about the effects of clutter on homebuyers and home sales, but what about its effects onyou and your everyday life? Most of us have a little clutter in our homes, which poses no threat to our quality oflife, but for some, it can have a negative impact on our happiness and healthfulness. Here’s how.
  3. 3. Its got to go!New, or not?Volume 8, Issue 12 3Every homebuyer has a decision to make: resale ornew construction? Each offers distinct advantages,but when it comes to the buying process, they’remore similar than you might think.When you buy resale, there are no years of waitingbefore you can move in, and once you do, you won’tbe surrounded by ongoing construction. There arefewer surprises: what you see is generally what you get,both in terms of the home itself and character of theneighborhood, which, in being established, likely hasmore amenities. As well, buyers of resale homes mayhave greater flexibility when it comes to negotiating onprice and other terms.Should you decide, however, that a new-constructionhome is the right choice for you, don’t let the excitementof “new” blind you to the fact that you need to take thesame steps to safeguard your best interests as you wouldif buying resale. Steps like: Working with your own real estate sales representative,if there’s a buyer-broker arrangement in place. Thebuilder’s onsite salespeople are there to represent thebuilder’s best interests. You need someone to lookout for your best interests, which your real estaterepresentative is obligated to do. Have the home professionally inspected before youagree to buy it. Unfortunately, new-home buyersfrequently waive their right to an inspection, believingthat a brand new home is a perfect home. But as manyhomeowners can attest, new-construction propertiesare certainly not exempt from defects. Shop around for a mortgage lender. Builders sometimeshave onsite lenders – though convenient, they mightnot offer you the best deal. You could save thousandsby shopping around for a mortgage just as you wouldfor any other product.Whether looking at new construction or resale, your realestate sales representative will guide you in making theright decision for your needs.You. At least during showings. With you there, buyersmay feel self-conscious, not wanting to comment orask questions, and feel rushed, taking less time to touryour home than they would in your absence. Plus, youmight say something you shouldn’t have.Pets. Just as you can distract or scare off buyers, so canyour pets; as such, it’s best they be absent for showingstoo. Some people are allergic to, scared of, or simplydislike animals; you wouldn’t want a negative pet-related experience to sour a buyer on your home.A theme room. Your favorite animal, your favoritesports team – whatever the theme of your room, whenyou list, it’s time to replace it with neutral décor. Whiletheme rooms are a cosmetic issue, many buyers simplycan’t see past them and find them an instant turn-off.Clutter. Speaking of instant turn-offs, clutter tops thelist. It makes a home look less spacious, presents anobstacle for buyers in terms of being able to imaginethemselves and their belongings in the space, and givesthe impression the home hasn’t been well looked after.Anything of a personally revealing nature that mightprejudice buyers against wanting to deal with you.Remember, when selling your home, neutrality is key,not just in terms of what shade of paint is on the walls,but in terms of what you reveal of yourself to buyers.How you live in your home before it goes on themarket is very different than how you live in it afterit goes on the market. Below are five things thatshouldn’t be in any home you hope to sell.
  4. 4. Ready for the “Suite” Life?Somewhere between the process of setting up your firsthouse and packing up to downsize after the kids move out,you may find your thoughts drifting to the seemingly lesscomplicated option of condominium living.Condo owners are quick to point out the advantages ofcondo ownership:Less upkeep. Think about all those things you have to doaround the house to keep it well maintained: mowing thelawn, weeding the garden, cleaning the gutters, paintingthe trim, shoveling the driveway… Now think about neverhaving to do those things again – in a condo, all those jobsare someone else’s responsibility.A more active lifestyle. In a condo, you’ll have plenty to dowith all of that newfound spare time, thanks to recreationalfacilities like pools and gyms, as well as organizedsocial events.A strong sense of community. Many condo owners findthat, in sharing those recreational facilities, attending socialevents and living in such close proximity to their neighbors,it often helps foster a great sense of community.Greater security. Features like cameras, security staff,24-hour concierges, and key fob technology help residentsfeel better about leaving home, especially for those whotravel frequently.A convenient location. Condos are often located in closeproximity to amenities like public transportation, shopping,dining, recreation, and entertainment.Interested in finding out if the “suite” life is for you, or if,perhaps, a different style of house might satisfy your housingneeds? Simply call today for a no-obligation discussion!Terminology TipMean vs. Median Home Price — The mean(or average) home price is the mathematicalaverage of all the prices of homes sold duringa certain period. The mean price of homes soldmay run higher than the median price if there area number of very high-priced homes in the group.The median home price refers to the mid-pointof prices, where precisely half of the homes soldfor more than the median price, and half soldfor less. Median home sales numbers usuallyprovide a better gauge of home prices thanthe mean sales price, because homes soldfor exceedingly low or high values only countas one unit when determining the median.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.® 2012, 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