Real Estate Insider Vol 4 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 • Halton Vol 004

WHAT’S INSIDE:Better Looking Floors create more Desirable HomePage 5

Divorce: What to do about the house in a marriage break up!, PAGE 7

AVOID BEING MORTGAGEPOOR WITH PLANNING

You’re 29 years old. You’ve been in a solid job for a couple of years and your partner has a good job, too,

giving you a gross household income of $125,000 a year.The housing market has recovered after the dip caused by tougher lending rules and prices continue to rise, so it might be time to act and leave renting behind. Interest rates are holding steady at still-low rates. And your parents are ready to gift you a healthy down payment.Now it’s time to determine how much you can afford. Online mortgage calculators, of which there are many, will provide a rough idea. And this is where many people start. You could click on RBC Royal Bank’s calculator and punch in the numbers, which include your income and debt information. Other sites may ask for slightly different

numbers, but the process is generally the same.Your magic number for buying is $505,000. With a down payment of $75,000, a 25-year

4%, your monthly mortgage payment will be $2,310.While this may seem doable, mortgage professionals highly recommend more work

home. And they caution against jumping right to the maximum mortgage potential.“We don’t want to put someone into a house just because it’s their maximum,” says Jennifer Bissonnette, a mortgage specialist at RBC. “You want to leave some wiggle room. You don’t want to live just to pay your mortgage.”Online calculators are good tools, but they aren’t always realistic, agrees Laura Parsons,

“It’s good to go there and have an idea. But there are many other components to consider.”A chat with a mortgage professional will help put things in perspective. You might be asked about your plans to start a family, how much you are contributing to your RRSP, what your career goals are, how old your cars are.This conversation will get you thinking about whether you really want to borrow $439,000, which includes the mortgage principal and mortgage default insurance. You should also

the future.

“You can’t see into the future, but you have to have some idea of what to prepare for.”

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

Continue reading on page 2...

2 REAL ESTATE INSIDER Mar 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

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

...Comes from Cover.

There will be propertytaxes, homeowner’s insurance,utilities and regularmaintenance. There may beemergencies, such as a leakingroof, a broken furnace or aflooded basement. There couldbe landscaping, snow removalcosts or condo fees. All thisneeds to be rolled into thebudgeting process. “You mayhave to buy a lawnmower,”Ms. Parsons says with a laugh.“A lot of people don’t thinkabout these things.”

Mary Stergiadis, principalfor Ontario businessdevelopment at CanadaMortgage and Housing Corp.,explains some guidelines fordetermining a target homeprice.

There’s total shelter costs,which include month-lypayments for principal andinterest, taxes, heating and halfof a condo fee, if there is one.(According to industrystandards, half of the fee isseen to represent true sheltercosts, while the other halfincludes things like condomaintenance.) This total isdivided by monthly grosshousehold income. As ageneral rule, the total monthlyhousing costs should be nomore than 35% of grosshousehold monthly income.

Then there is the total debt-servicing-ratio calculation,which adds other monthly debtpayments to shelter costs. Thistotal is divided by grossmonthly income. Again, as ageneral rule, servicing these

costs should be no more than42% of gross householdincome.

CMHC has a suite of onlinecalculators to help homebuyerscrunch the numbers. “If theyare over the ratios that areallowable within the industry,they would have to look atlowering the mortgage,” Ms.Stergiadis says.

At this point, you mightthink a less expensive propertymight be more reasonable. Butit sometimes happens, thoughless often, that people find theyqualify to borrow more thanthey expected. Once a targetprice has been established, it’stime to apply for a pre-approved mortgage.

A pre-approval will helpyou refine the process andknow exactly what you have towork with when you find theright place and are ready tomake an offer. A pre-approvalentails a credit check andinformation such as the ratebeing offered (usually lockedin for 120 days), as wellprepayment options. Ask fordetails about such closing costsas land transfer taxes and legalfees.

A word of caution: Apreapproval is not a finalapproval, so make sure youknow what the condi-tions ofgetting final approval are andthat you can meet them. If yougo out and lease a newMercedes before closing, youcould end up with a nastysurprise about your ability toqualify. And don’t forget tosave a little for that new lawnmower.

Mortgage 101: Where to start

MILTON $709,900212 McLaughlin Ave

Beautiful executive home located on a premium lot backing ontopond, 9’ ceilings, cherry hardwood floors on main level.Spectacular great room w/décor columns. Gourmet kitchen withCentre Island, raised bk bar. Separate dining room and main floorden. Large master with luxurious 6pc ensuite. 3 full baths on 2ndfloor!

MILTON $859,90011247 Second Line

Attention Small Business Owners! Great Opportunity To WorkFrom Home! 42 Acres, 1400 Sq Ft Renovated Bungalow With In-Law Suite. Separate Oversized Heated Garage With Workshop.50x40 Ft 2000 Sq Ft Building W/200 Amp, 48x30 Ft HeatedWorkshop W/100 Amp, 50x35 Ft Enclosed Quanset W/30 Amp,Single Bay. Call Today For More Details!

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

MILTON $1,150,00010187 Regional Road 25

Stunning executive custom built raised bungalow, home is set backfrom the road on 8 acres. 1300 sq ft workshop, Open concept,hardwood and travertine flooring, crown mouldings, potlights,formal dining rm, huge chef’s kitchen, family room w/vaultedceilings & skylights. 4 spacious bdrms, 6pc ensuite and muchmore!

Mar 7, 2014 REAL ESTATE INSIDER 3

FOR SALEFOR SALE

FOR SALEFOR SALE


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

today’s market? Callus today to see how.

905-875-4594

We have buyerscurrently looking for:- 4 Bdrms. Semi in Coates- Bungalows | 2 Storey inOld Milton + Dorset Park- Condo Townhomes

LIKE us on FACEBOOKwww.facebook.com/Manchisiteam

MILTON $434,900221 Centennial Forest Drive

Charming 2 Bedroom Plus Loft, Close To Milton Mall.Impeccably Maintained, Hardwood Floors, Eat InKitchen, Crown Mouldings, Large Main Floor Laundry.Master Bed Offers 4Pc Ensuite & Walk-In Closet. LargeLoft With 2Pc Ensuite & Walk-In Closet. GarageAccess, Gazebo In Backyard Shows +10.

MILTON $439,0001112 Barclay Circle

Gorgeous all brick 3 bedroom Mattamy croftside model. Openconcept floor plan, hardwood, California shutters on main floor,gas fireplace. 3pc ensuite in Master bedroom and walk-in closet.

FOR SALEFOR SALE

MILTON $356,90087 Court Street S

Just steps to Milton Mall and Downtown! This charming 2 bdrmdetached home offers a fully fenced yard, large master bedroom,updated eat in kitchen, family room with walk out to yard.

FOR SALEFOR SALE

MILTON $439,900175 McDougall

Better then new, Immaculate semi on quiet street. Energy StarCertified. Bright and spacious open concept. Family room with gasfireplace. Huge Kitchen with lots of pantry and storage. 2nd floorlaundry. Large Bedrooms, Master Offers 5 Pc luxurious ensuite.

FOR SALEFOR SALE

MILTON $769,80084 Scott Blvd

Spectacular 4 bedroom 4 bathroom Heathwood home, Stunningfrom top to bottom, hardwood floors, waffle ceilings, stunningkitchen with quartz overlooks family room. 2nd floor balcony,Master bed with 2 sided fireplace, 2 walk-in closets and 5 pcensuite. Fully fenced yard with custom built shed. Attention todetail throughout!

FOR SALEFOR SALE

MILTON $385,999812 Herman Way

Hawthorne Village freehold 3 bedroom town home by Mattamyclose to the escarpment. Family size kitchen with glass tilebacksplash and breakfast bar, Living and dining room withwalkout to yard. 4pc ensuite in Master Bedroom, covered frontporch and parking for 2 cars!

FOR SALEFOR SALE

FOR SALEFOR SALE

MILTON $709,900279 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

RURAL $ 769,9002196 Grand Blvd

Welcome to Muskoka in the city, located in the community ofcedar springs. Spectacular cottage built in 2003 backs on to riverw/lrg deck, outdoor shower, hot tub, screened in sun deck andamazing treehouse. One of a kind home shows +10. 3 bedrooms +loft, open concept, centre stone fireplace, pine plank floors, chef’skitchen and much more!

MILTON $639,999998 Castle Way

Mattamy built - Beautiful Executive 4 bedroom corner lot homeacross from park. Stone and stucco exterior, located in HawthorneVillage, 9’ ceilings, hardwood floors, oak stairs, open concept,spacious kitchen with island Overlooks living and dining rooms.Close to amenities.

HEATHWOOD $519,9003630 Southwick St

Immaculate 3 bedroom Heathwood built luxury semi in ChurchillCapital-Meadows on a large corner lot. 1880 sq ft of living space,thousands spent on upgrades, dark stained staircase, 9ft ceilings,designer paint throughout, large deck, fully fenced yard withgarden shed.

TORONTO - ERINGATE CENTENNIAL $179,900716 The West Mall Unit 906

Terrific Condo With Views Of The Toronto Skyline! 2Bdrm UnitW/ Den, Spacious Layout, Eat-In Kitchen, Storage Ensuite.Parquet Floors, Under Broadloom In Living / Dining Room.Newer Cork Flooring In Kitchen.

MILTON $665,000864 Etherington Way

Spectacular gorgeous 2800 sq ft home on a premiumcorner lot, 9’ft ceilings, upgraded kitchen w/tallcabinets valance trim w/lights and bk bar. Formal liv-din rm. Luxurios master bed w/5pc ensuite, Walk-Incloset w/organizers, 2nd flr laundry, jack n Jill mainwashrooms. UPgarded hardwood on main and 2ndfloor.


CALLTODAY

905-875-4594

WHY RENT? $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

FOR SALEFOR SALE

FOR SALEFOR SALE

FOR SALEFOR SALE


OPEN HOUSESVISIT

WWW.MANCHISI.COM

FOR SALEFOR SALE

FOR SALEFOR SALE

MILTON $634,9001152 Field Dr.

Move in ready! Many upgrades including kitchen with granite,island and stainless steel appliance. $ generous size bedrooms,Master offers his/hers closets and 5 piece ensuite. Family roomwith gas fireplace. Finished lower level with wet bar. Professionallandscaping with stone patio!

FOR SALEFOR SALE

MILTON $409,900464 Collis

Beautiful freehold townhome in prestigious community of Clarke.3 bedrooms, 2.5 washrooms. Hardwood floors, Master Bedroomwith ensuite. Garage access, Lots of natural light. Call today!

FOR SALEFOR SALE

INCOME POTENTIAL $369,000123 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!

FOR SALEFOR SALE

MILTONBUNGALOWS/SPLIT LEVELS

Starting at $434,900

16 AvailableTWO STOREYSStarting at $409,850

98 AvailableSEMI’S + TOWNS

Starting at 350,000

38 AvailableAPARTMENTSStarting at $234,900

24 AvailableCondo TownsStarting at $249,900

5 Available

ACTONBUNGALOWSStarting at $298,900

9 AvailableTWO STOREYSStarting at $285,000

9 AvailableSEMI’S + TOWNS

Starting at

0 AvailableAPARTMENTS

Starting at

0 AvailableCondo TownsStarting at $359,900

1 Available

RURALBUNGALOWSStarting at $199,900

15 Available

TWO STOREYSStarting at $779,917

13 Available

CAMPBELLEVILLE / BROOKVILLEBUNGALOWS

Starting at 0 Available

TWO STOREYSStarting at $659,900

11 Available

CALL US TODAY FOR ANY OFTHESE HOMES 905-875-4594



Homes For Sale

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

Better Looking Floors create more Desirable Home

When a prospective buyer viewsyour home, one of the majorconsiderations is the appearance

and condition of your floors or floorcoverings. Replacing older, worn carpetsrepresents a significant cost as well as ahealth concern with those sufferingrespiratory problems. Wooden floors, in an unacceptablecondition are seen as being costly torefinish by traditional sanding methods oras an even more costly outlay if the floorsare replaced. Even if the cost of the abovealternatives is acceptable, the time it takesto complete them can adversely impact onthe purchaser’s move-in date. With yourhome on the market, the aboveconsiderations can adversely affect the timeyour home is on the market as well as theoffers tendered.Mr. Sandless offers a revolutionary methodto refinish your floors without all thedifficulties of sanding. Using a process liketraditional screening, but with a non-toxicsolution, the Mr. Sandless service canprepare the floors in a much better way thana light sanding can. At the same time, thereis no odour, no cleanup whatsoever, and nodisruption or noise to deal with. Itscompletely “GREEN CERTIFIED” serviceis completed in just hours. Each floor that isrefinished is sealed with multiple coats ofits trade secret commercial sealer and finishfor years of durability and a better overalllook than urethane. Its finishes offer you

three sheens: matte, satin (semi gloss) orhigh-gloss. Mr. Sandless also offers a rangeof services for every type of wooden floor,from carpet removal to trim replacement.Its service can even be used on laminateand composite floors. When it comes to “century” homes, Mr.Sandless can help. The purchasers of theseolder, classic homes want the look and feelthat reflects the fine workmanship andattention to detail reflected in the home.They want the floors to display the “patina”that has developed over the last 100-plusyears. Additionally, they want to have thesheen and appearance of a well-maintained

floor. Mr. Sandless’ non-sanding serviceallows their desires to be met. Using thesame methodology that the company useson floors, it can also be applied to refinishthe trim and panelling typically found inthis type of home. Mr. Sandless is a trusted name in theindustry and has appeared on HGTV andrecently repaired and refinished one of themain public rooms in Casa Loma.

For further information, visit Mr. Sandlesson YouTube.com or atwww.mrsandless.com.



CROSSWORD PUZZLE

LAST WEEK SOLUTIONS

SUDOKUAdvertise

HERECall 289-259-5855

or email:[email protected]

Across

1. Mistake (4-2)4. Female sovereign (5)8. Young bears (4)9. Everybody (8)10. Satan (7)12. Brilliant (5)13. Crop planted for its oil(4)14. Mends a shoe (5)17. Hungarian composer(5)20. Garden tools (4)22. Compel (5)23. Stored away (7)24. Large hill (8)25. Repeat (4)26. Inheritors (5)27. Move with greatspeed (6)

Down

1. Reaping-hooks (7)2. Hobby (7)3. Like better (6)5. Disentangle (7)6. Develops in stages (7)7. Give food to (4)11. Taxes (5)15. Unhurried ease (7)16. Refuge (7)18. Underwriter (7)19. Larva of frogs (7)21. Stink (6)22. Let fall in a mass (4)



What to do about the house in a marriage break up!

Divorce is rarely easy and often means a lot of difficultdecisions. One of the most important decisions is whatto do about the house.

In the midst of the heavy emotional and financial turmoil,what you need most is some non-emotional, straight forward,specific information and answers. Once you know how adivorce affects your home, your mortgage and taxes, criticaldecisions are easier. Neutral, third party information can helpyou make logical, rather than emotional, decisions. Probablythe first decision is whether you want to continue living in thehouse. Will the familiar surroundings bring you comfort andemotional security, or unpleasant memories? Do you want tominimize change by staying where you are, or sell your homeand move to a new place that a offers a new start?

Only you can answer those questions , but there will almostcertainly be some financial repercussions to your decisionprocess. What can you afford? Can you manage the old houseon your new budget? Or is it better to sell and buy?

To help you know what questions you should ask and howto arrive at the right answer for your specific situation, a FREEspecial report has been prepared by industry experts entitled“Divorce: What You Need to Know About Your House, YourLoan and Taxes”.

How to order your free copy of this report, Visit usonline at www.haltondivorce.com

North America’s largest display of all things home and garden:March 14-23, 2014 at the Direct Energy Centre, Toronto. Getinspired, see innovative products, shop great deals and seekexpert advice all under one roof. With over 750 exhibitorsshowcasing their best and newest products and services – yousimply won’t want to miss this fantastic event!Be sure to catch one of the many celebrity guest speakers suchas Bryan Bauemler and Sarah Richardson from HGTV.

When you visit the National Home Show you will also receivesame-day admission to Canada Blooms – 1 Ticket, 2 GreatEvents and parking is FREE weekdays after 4pm.To find out more visit www.nationalhomeshow.com and wehope to see you there!Like us on Facebook for a chance to WIN one of 10 pairs ofVIP TICKETS with exclusive benefits. www.facebook.com/ManchisiTeam

Mark your calendars for the National Home Show presented by Re/Max.



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

Documents

Real Estate Insider Vol 4 2014