Real Estate Insider Vol 5 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 005

WHAT’S INSIDE:House Hunting: Find the Right Fit for YouPage 5

13 Extra Costs to be Aware of Before Buying a Home, PAGE 7Why Home Inspections aren’t a Waste of Money, PAGE 7

Bump upYour Credit SCore

Credit score in not just a number obtained through the statistical analysis of your credit report. It

is an efficient, reliable, unprejudiced and reasonable underwriting tool that helps the mortgage lender to evaluate your credit worthiness. In other words, it helps them to ascertain the amount of loan that you will be able to pay back in a timely manner. Thus, by improving your score, you can boost up your chances of getting a mortgage home loan at a better rate of interest. Here are a few realistic ways of improving your score.

• Pay your bills before the due date – The payment history in your credit report shouldn’t bear any negative marks because these black points remain on the report for no less than 7 years. For an excellent payment history, pay all your bills before the last date. If you don’t pay the bill for more than 30 days, a negative mark will automatically come up on the report.

• Don’t sit upon your debt load – If you are already bearing a huge debt load on your shoulders, then it is important for you to reduce it without delay. By

adding to the load, your debt will simply become unmanageable, and in the long run, it would adversely affect your credit score.

• Maintain your old accounts – The chief benefit of a long credit history is that it increases your credit utilization ratio. Hence, it is essential to maintain your old accounts. At times, it is unusually difficult to manage numerous accounts simultaneously. How ever, if you are able to do this, your credit score would swell up exorbitantly.

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...

2013

Vol 5REAL ESTATE INSDER2

www.manchisiteam.com

Bump Up Your Credit ScoreAbout domenic manchisiDomenic Manchisi started his career in real estate in 1996. In addition to strengthening his experience, Domenic has dedicated himself to expand his skill set both personally and professionally which he has utilized to lead himself and his team to become the number one real estate team in Canada. Domenic’s dedication to expand his knowledge has led him to pursue the following designations 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 dominant presence as a real estate broker predominantly in the Halton Region. Domenic’s success is a result from his extensive experience in the real estate industry as well as the ability to understand the needs of his clients. His core understanding of the real estate industry has not only been recognized by clients but also by colleagues and industry leaders. Domenic has been invited as a guest speaker for Donald Trumps Apprentice, Bill Rancic, has appeared with Dragons Den Wealthy Barber, has participated in expert panels at the National Association of Realtors (NAR), has made the cover of several magazines and has won many awards across North America for the work he and his team has achieved.

Domenic currently lives in Milton with his wife and business partner, Jody Manchisi, and their two children.

Stability • experience • relationships

Domenic MANCHISI

[email protected]

Jody [email protected] Representative

[email protected]

Sales Representative

AngelaVICKERS

[email protected] Representative

AprilMurphy

[email protected] Representative

• Avoid using more than 20% of the available credit – By utilizing only 20% of your credit limit, you can increase your score dramatically. The best way to make this possible is to wind up the debt backload before taking up a new loan. All your efforts to stick to the 20% limit will leave a positive effect on your credit report.

• Keep your credit report spick and span – Inconsistencies and errors on the credit report serve to ruin your credibility as well as your score. Hence, they should not only be detected at the earliest, but should also be rooted out. If you are unable to track down the errors, then you can engage a credit report management company to get the discrepancies removed as quickly as possible.

• Be vigilant while opening new accounts – In a bid to allure customers like you, credit card companies provide countless irresistible offers and discounts. Instead of grabbing each one of them, do a bit of research to find out the best available option. This is important because each credit enquiry would serve to knock down your score.

Experian, Equifax are two major credit bureaus in the Canada. that have the reputation of calculating the credit score accurately. The first thing that you should do is to get your score calculated. Thereafter, follow the above mentioned tips ardently to improve it. In a short period of time, the positive results will start appearing on your credit report.

Coming from Cover Article...

Vol 5 REAL ESTATE INSDER 3

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

We have buyers current-

ly looking for:

- 4 bdrms. semi in coates

- bungaloWs | 2 storey in

old milton + dorset Park

- condo toWnhomes

Why am i still renting?

can i afford to buy a

home in today’s market?

call us today to see hoW.

905-875-4594

milton $1,150,000

milton $349,900

milton $709,900

milton

milton $859,900

Stunning executive custom built raised bungalow, home is set back from 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/vaulted ceilings & skylights. 4 spacious bdrms, 6pc ensuite and much more!

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

Absolutely stunning executive 5 bedroom home. Spectacular main floor, large rooms, den, hardwood, crown mouldings, 9ft ceilings and family size kitchen. Spacious second floor, 3 full bathrooms. Huge Master Bed with 2 walk-in closets plus a third & a stunning 6pc ensuite. Shows ++10

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

Attention Small Business Owners! Great Opportunity To Work From 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 Heated Workshop W/100 Amp, 50x35 Ft Enclosed Quanset W/30 Amp, Single Bay. Call Today For More Details!

10187 Regional Road 25

87 Court Street S

279 McCready

221 Centennial Forest Drive

11247 Second Line

FOR SALE

FOR SALE

milton $769,800

milton $639,900

Spectacular 4 bedroom 4 bathroom Heathwood home, Stunning from top to bottom, hardwood floors, waffle ceilings, stunning kitchen with quartz overlooks family room. 2nd floor balcony, Master bed with 2 sided fireplace, 2 walk-in closets and 5 pc ensuite. Fully fenced yard with custom built shed. Attention to detail throughout!

Gorgeous Heathwood Traditions home offering Hardwood floors, separate dining room, open concept design, eat-in kitchen, living room w/gas fireplace. 2nd floor family room w/balcony & laundry, Large Master bed with 5 pc ensuite & 2 closets.

84 Scott Blvd

108 Scott Blvd

FOR SALE

FOR SALE

FOR SALE

SOLD

FOR SALE

milton $474,900

milton $364,900

Terrific opportunity, detached 4 bedroom home is the neighborhood of Beaty, Approx 1800 sq ft offering A Welcoming Front Porch And A Neutral Colour Scheme, Eat In kitchen, 2.5 baths, Harwood Stairs, located in a quiet neighborhood step to the park and Hawthorne Village Public School.

Mattamy 3 bedroom townhome offers 1356 sq ft with an open concept design, perfect layout for entertaining. Hardwood floors in Living & Dining Rooms, Large balcony space. Professional painted throughout, stainless steel appliances in kitchen with bk bar. Mai floor den add for extra living space.

1082 Meighen Way

266 Wetenhall Landing

FOR SALE

FOR SALE

LIKE us on FACEBOOKwww.facebook.com/Manchisiteam

milton $665,000

Spectacular gorgeous 2800 sq ft home on a premium corner lot, 9’ft ceilings, upgraded kitchen w/tall cabinets valance trim w/lights and bk bar. Formal liv-din rm. Luxurios mas ter bed w/5pc ensuite, Walk-In closet w/organizers, 2nd flr laundry, jack n Jill main washrooms. UPgarded hardwood on main and 2nd floor.

864 Etherington Way

FOR SALE



calltoday

905-875-4594

oPen houses visit

WWW.manchisi.com

find out What your home is Worth online

visit

www.haltonhomeevaluation.com

toronto - eringate centennial $179,900

milton $369,000

milton

milton $489,000

milton $599,000

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

Great location, close to school, amenities and a short walk to Fairy Lake. Well maintained 3+2 bedroom home. Terrific fro large family, 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!

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

Executive corner townhouse with 2 car garage. 25K in upgrades, professionally finished basement. Double door entry, hardwood on main floor, crown moulding in living/dining rooms. Family size kitchen with stainless steel appl. Fully Landscaped with porch.

Spacious 4 bedroom, 2400 Sq Ft home. Quality upgrades throughout, hardwood flrs, pot lights, California shutters, s/s appliances, 9ft ceilings, 50K custom design no maintenance deck with Brazilian slate underlay, cedar trim and pergola, built in accent lighting and hot tub w/built in stereo.

716 The West Mall Unit 906

123 Mill St W

517 Pineview Gardens

496 Duncan Lane

1063 Costigan Rd

FOR SALE

milton $769,800

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

2196 Grand Blvd

FOR SALE

FOR SALE

SOLD

FOR SALE

FOR SALE

georgetoWn $499,900

Lovely detached beauty, bright and spacious great room, family sized kitchen with lots of storage with walkout to oversized landscaped fully fenced yard with patterned concrete. 3 large bedrooms, impressive master bed with walk-in closet and 3 pc ensuite.

21 Meadowglen Blvd

FOR SALE

milton $439,900

Spectacular 3 bedroom 3 bath popular Brentgrove model. Bright open concept. Gas fireplace in spacious open concept living room. Large family size kitchen w/extra pantry and walkout to deck. Master bed is complete with 5 pc ensuite and walk-in closet. 2nd floor laundry with custom cabinets.

175 McDougall Crossing

FOR SALE

Find Out What Your Homeis Worth On-Line

Visit:www.haltonhomeevaluation.com

Prudential Town Centre Realty Brokerage

7 Costly Home SellerMistakes Free Report

Visit:www.haltoncostlyhomesellers.com


HOMESELLERSFind Our What YourNeighbour Sold For!

Visit:www.haltonhomedownthestreet.com


Seller Ads 2x15saved AS ONE FILE

Manchisi 2x15_Sellers

Seller Ads 2x15saved AS ONE FILE

Manchisi 2x15_Buyers

11 Costly Home InspectionPitfalls Free Report

Visit:www.haltonhomeinspectionpitfalls.com


Buy Your Home For NO MONEY DOWN

Visit:www.haltonnomoneydown.com


AFFORDABLE HOMES INYOUR PRICE RANGE & AREA

Visit:www.haltonbestbuys.com




With so many choices and variables, how do you find the perfect fit? It’s a good idea to narrow down

the playing field by looking at what would fit you best. Here’s where to look:Look InsideWhat do you already own that your new home would need to accommodate? If your dining suite is one that you cherish, use often and happens to be huge, then add “large dining room” to your Must Have list. Carry this logic through your space and you should come to some conclusions about what is essential in a new home. While you’re at it, take a look at your personal style; it can also give you valuable clues as to what you really want. For example, if you’re surrounded by lace, chintz and silver you might be more drawn to a Victorian style home. If your style tends more to clean lines and a modern look, then loft-like spaces or open concept homes will probably hold more appeal.Look OutsideWhat is out in the world that catches your attention? Is it a brick exterior or cedar shingles that make a house feel like home to you? Consider the different styles of houses that you like, and see if there are any common elements among them. Another place to look is at the style and size of any new items you plan to acquire. Taking an outside inventory of what appeals to you can help narrow down your search.Look at Your RequirementsIt’s helpful to take a head count and look at what features are vital to each member of your family. How many of you are going to

live there, and are any more expected shortly? How many of you need home offices or parking spaces or playgrounds or workshops? This will give you an idea of the size and number of rooms you require, as well as clues to locations or types of housing. Make sure you include pets and consider what’s best for them. This may move a fenced yard to the top of your list.Taking stock of any special needs or limitations you have will also help you clarify your choices. If climbing stairs is not an option, a single storey dwelling is likely to be the best fit. Anyone who has sworn off snow shoveling or leaf raking (or simply doesn’t have the time for it) may find that a condominium set-up, where someone else does the big chores, is what they’re looking for. If you work a night shift, and need to sleep during the day, make sure your bedroom window isn’t facing the rising sun (or in close proximity to a schoolyard or playground). Finally, if you’re not the handyman type and don’t have a large budget or the patience for renovations, you may want to skip past fixer-uppers, no matter how tempting a deal they are.Look at Your LifestyleLook at your lifestyle to gain insight to your best locations. If you’re planning to stay awhile, and are also planning on children (or already have them), then you’ll want to find a neighbourhood that’s kid friendly and has great schools. Another consideration should be your work commute. Will your new location support you in getting to work on time, in the usual way? Make sure it has

what you need, whether that’s access to public transportation or parking spots. Does your usual routine depend on being close to shops or nightlife, or do you prefer quieter surroundings?Your lifestyle can also determine the best layout for your home. Look at how you spend your time, how you relax and interact. You may find that the dining room is rarely used, while the family room is definitely the place to be. Similarly, look at how you entertain. Do you have overnight guests often enough that a guest room is a necessity? If your idea of a fun evening is cooking with your guests, then an open kitchen with lots of gallery seating may top your list. People who do most of their entertaining and socializing in public spaces may find a galley kitchen with an eating bar better suited to their needs.All in all, if you take the time to consider what’s really important to you, you should be able to define the type, size, attributes and location of houses that you want to look at. The results should be a lot less time looking, and a better chance of finding the house that is the right fit for you. Happy Hunting!


visit


BUNGALOWS/SPLIT LEVELSStarting at $410,000

8 AvailableTWO STOREYS

Starting at $484,900 99 Available

SEMI’S + TOWNSStarting at 377,500

48 AvailableAPARTMENTS


CONDO TOWNSStarting at $247,900

9 Available



Starting at $399,90014 Available




SEMI’S + TOWNSStarting at 0 Available

APARTMENTSStarting at 0 Available

CONDO TOWNSStarting at 0 Available



Starting at $779,91713 Available

MILTON CAMPBELLEVILLE / BROOKVILLEACTON RURAL

CALL US TODAY FOR ANY OF THESE HOMES 905-875-4594

HOMES FOR SALE

House Hunting: Find the Right Fit for You



Sudokuadvertise here call 289-259-5855

or email: [email protected]

Crossword puzzle

Last WeekSolutions


visit




13 Extra Costs to be Aware of Before Buying a Home

Why Home Inspections aren’t a Waste of Money

W hether you’re looking to buy your first home, or trading up to a larger one, there are many costs

– on top of the purchase price – that you must figure into your calculation of affordability. These extra fees, such as taxes and other additional costs, could surprise you with an unwanted financial nightmare on closing day if you’re not informed and prepared.

Some of these costs are one-time fixed payments, while others represent an ongoing monthly or yearly commitment. Not all of these costs will apply in every situation however it’s better to know about them ahead of time so you can budget properly.

Remember, buying a home is a major milestone. Whether it’s your first, second

or tenth home, there are many important details to address during the process. The last thing you need, are unbudgeted financial obligations popping up hours before you take possession of your new home.

To order your free report visit: www.halton13extracosts.com

Almost every resale home purchase is conditional on the buyer being satisfied with the results of a home inspection.

But what does satisfied mean? When can a buyer back away and when are they just using the inspection as a convenient way to find a loophole when they get cold feet?

If the buyer decided not to do an inspection and then just cancelled the deal, they would likely lose their deposit and could probably be sued for breach of contract by the seller if they sold to anyone else for less money.

Inspection conditions are not an automatic option to terminate, as many buyers believe. A lot will depend on the exact wording of the condition language. It will help a buyer if it says that the buyer has to be satisfied with the inspection in their “sole and absolute discretion.” The buyer may have difficulties if they use a relative who is not qualified and who just says something like “This is not a good house.” Make sure you use a qualified home inspection firm. Check to make sure that they are registered with the Ontario Association of Home Inspectors.

Usually, a buyer will find an inspector or, if using an agent, the agent may suggest one. The buyer and inspector spend a few hours going through the house and after the tour make a decision about whether to go ahead based on what they’ve seen.

One of the main problems is that inspectors are limited in how much they can investigate. They are not allowed to look behind walls to see if there is evidence of leaks or mould. This is made worse because sellers may not disclose defects in their property, expecting the buyer to be bound by caveat emptor, or buyer beware, meaning too bad if you find

out about problems after closing.

Sellers, on the other hand, are not permitted to see the buyer’s home inspection report, unless it says so in the condition. This can be serious for a seller. Let’s say the house sells subject to a home inspection condition. The buyer says “I am not satisfied” and cancels. Now new buyers suspect something must be wrong with the house and the seller has no way of knowing how to explain this.

In order to solve this problem for a seller, I recommend inserting a clause into every home inspection condition that if the buyer is not satisfied for any reason and cancels, they

have to provide the seller with a copy of their inspection report within 24 hours. In this way the seller can explain the problem to a future buyer or, better still, just fix it.

Still, in some cases sellers are taking the position that the buyer was not acting in good faith when they cancelled the deal as a result

of an unsatisfactory home inspection and are refusing to return the buyer’s deposit. Deposits cannot be returned to a buyer unless both the seller and buyer agree. This can cause a buyer difficulty as they will not have the necessary money to make an offer on another house while they fight over the deposit.

To avoid this, I recommend that buyers make two deposits when they buy their next re-sale home; one small deposit when the offer is accepted, and then a larger deposit once they are satisfied with the results of the home inspection condition. This way, if the buyer is not

satisfied and the seller tries to withhold the deposit, you are only fighting over a smaller amount.

If buyers and sellers understand all their rights and obligations under the home inspection condition, there will hopefully be more disclosure of defects up front by the seller, so that the buyer can in good faith conduct a proper home inspection and close.

For your free special report entitled 11 thing you need to know about a home inspection, visit www.haltonhomeinspectionpitfalls.com



Domenic MANCHISI - Mortgage Agent

to Get Your Home SoLd CALL tHe mANCHiSi teAm todAY

CALL NoW905-875-4594 direCtM

MANCHISI

SOLD

B. 905.272.5000 www.manchisiteam.com

Jody & Domenic MANCHISI

Sales Representative & Broker

Documents

Real Estate Insider Vol 5 2014