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Category Archives: Listing of the Day

Instant price estimates for property. Is it impossible or possible?

10 Saturday Dec 2011

Posted by gtarealtyagent in BANK SALE P.O.S. - TAX SALE, current real estate affaiirs, Houses, Interest Rates, Leasing/Renting, Let's Talk Investing, Listing of the Day, Mortgage, Multiplex-Multi Residetial Investment, Neighbourhoods, New Canadian Immigrants, New Development/Week, Opinion, POWER OF SALE-FORECLOSURE PROPERTY, Pre-Construction, Re/Max, Real Estate info & ideas

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cma, comparative market analysis, Instant price estimates for property. Is it impossible or possible?, Market Evaluation, property


Instant price estimates for property. Is it impossible or possible?

 There are some online appraisal websites where if you click on the tab and enter an address it will ask a few questions and give you a value estimate. You are required re-read the cautions about the service as it does have some limitations. That being said, I have played with the tool, and it is not too scary as thought but if it is accurate? !!!

Some REALTORS do over the phone evaluations. And they claim to be exactly and precisely right. Although I will do them in certain areas that I am highly familiar with I always recommend allowing a proper market evaluation as some things you may not mention to the REALTOR may alter the value either up or down, and ultimately not seeing the property does not allow us to give you the best Market Value Evaluation. If you would like an instant price estimate look in your mail for a local & Licensed REALTOR who advertises over the phone market evaluations and call them. I however caution you that you would do yourself far better service to contact a reputable Licensed REALTOR and invite them to your home. Good Luck and have a great day.

I’ve been in the business for a time and never do estimates from my desk or home office. Sorry, I’m not Magician and a house can be from zero to a hero, I mean unpredictable on unseen. In essence, I do not offer “no service kind of service”. There is none in the world who can guess what your house is like, how much you have spent in upgrades over the home ownership period in comparison to your neighbour who still has green shag carpets from 1969 and war torn hardwood from dog nails etc. When you pay nothing, you generally get nothing. I will not sign an estimate if I do not have all the facts considered and reviewed personally.

If you do want a quick and very rough estimate of the value of your home, I would look to your assessed value for property tax purposes, the report you get every year from MPAC report. It will likely give you an idea if your property is worth $300,000 or $3 million. But if you want more insight then call a reputable realtor for a proper comparative market analysis (CMA). This analysis CMA will give you a better idea what your property would actually sell for in the current market conditions.

Many factors come into play for CMA – what is the overall real estate market like, what is the market like for your specific property, what condition is your property in and how does your property compare to similar homes currently listed right now, so it is called comparables. For example, if your neighbor with a fairly similar property accepts a low ball offer because he already bought the new home and he is anxious to sell this old one that is unfortunately going to affect the market value of your property. Most importantly this estimate is likely to be a range rather than a single number, like the estimate of price could be “from $410k to $430k”. Some properties are difficult to put an accurate price on and the sales price obtained could be within a large range. Other properties are in an area with many similar properties that have sold recently and are a little easier to put a price on within a fairly tight range agreeable to seller.

I spend a considerable amount of time on each comparative market evaluation that I do and I think my clients would agree that I provide useful information that would be difficult to obtain automatically or instantly. I think in this situation the phrase “If it is worth doing, it is worth doing right” is so true. I always research properties on-line and off-line before I actually visit the property to do a market evaluation. It is getting easier to find information online but there really is no substitute for seeing a property, its setting and comparable properties in person.

Hopefully the ‘instant’ Market Evaluation that you seek will not be used to determine the price to list your home. You can probably get one or two evaluations at no expense to you anyway from your local real estate brokerages. It may not be instant, but it will be customized for your unique home and not just made up ones & instead of based on last year’s statistics for all homes in the city.

I am sure you will agree with the personal talk we had thru this article, if you like to have your property evaluated you can contact me directly on cell and arrange appointment or contact me online to set an appointment of your property.

Email: vg_remax(AT)yahoo.ca , Direct: 647.267.6338, web: www.vijaygandhi.com

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Experienced and Savvy Investors Buy in December to March Winter Months

10 Saturday Dec 2011

Posted by gtarealtyagent in BANK SALE P.O.S. - TAX SALE, Business, condo assignment investments, Condos, current real estate affaiirs, Development, FAMILYLAW & REAL ESTATE, FSBO, Green Investment, H.S.T., Home Reno (adds The Value), Houses, Interest Rates, International, Leasing/Renting, Let's Talk Investing, Listing of the Day, Mortgage, Multiplex-Multi Residetial Investment, Neighbourhoods, New Canadian Immigrants, New Development/Week, Opinion, POWER OF SALE-FORECLOSURE PROPERTY, Pre-Construction, Re/Max, Real Estate info & ideas, Rental, Search, Stories!, Toronto Politics, TREB/OREA/CREA, Uncategorized, Unemployment, Videos-Pictures, VIP Condo

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Investors Buy in December to March Winter Months


Experienced and Savvy Investors Buy in December to March Winter Months

Why do a Large Number of Experienced and Savvy Investors Buy in December to March Winter Months?

For a few personal reasons, some people have no time limit (expiration of apartment lease, etc.)and so they really wait until they find something they love to do before purchasing like marrying, which can come at any time, including the snowy winter months as well.

Also, if a property has not sold over the busier season (spring and summer), owners as well as realtors tend to drop the asking price a little to attract more investors to the property. So sometimes, you can get a better deal on a property in the winter months as opposed to the months where the most investors are searching the housing market. Investors think that there is a possibility of better deal to be had….but, many times it is not so….you need right investor agent who can navigate thru this surfing and searching.
There is one good reason is that there are fewer sales and fewer investors in these months so some investors see that as a great time to get a deal. Some houses do not show up in the realtor search as it is in the batches on system for group of years like under 5yrs, under 10 years & so on, so those comes up as soon as the new year starts, also the possible search criteria also changed altogether.

If a seller has placed a conditional offer on a new home and theirs is still not sold by the winter, you may also have an easier time negotiating as they have deadlines to sell their home, so the Investor have an opportunity.

Each selling and purchasing decision is based on a variety of different motives. It’s often case by case and so does just like credit ratings its all depends on individuals.

Don’t be fooled though, some of the statistics I have seen have shown that December is also a good time to sell, and recent years you can verify mls.ca stats, winter months are not bad producing months as well, Because fewer inventories on the market mean less competition, and if investor is in need and do not want to wait despite realtor try to wait for new match property comes up in market. Sometimes good houses do not sell because the competition is fierce and even though they may be priced and war of price so hot, to-gather competitively, they fail to sell because if excess inventory levels. Over major portion of the houses listed in GTA last year in December sold. This made it the number: one month to sell if you want to have an edge on the market inventory if you think and plan properly and willing to take risk with good experience agent and with lots of ice over the head.

Some of my clients save up and buy this time of year. Most investors do not want to be bothered over the Christmas season but investors know that offers at this time of year are scarce at best. This is the time of year when those of us agents that represent investor investors are the busiest. Feel free to contact me if you wish to explore the investor market, there are a lot of great deals out there right now that my clients are snapping up! Would you like to wait or go depends on your choice.

Another good reason is that in winter months only serious sellers remain in the market just like serious investors and price the property accordingly well to sell and ready to make a deal before spring market competition starts. Negotiations take place well when both parties are motivated. An experienced Realtor can get you a great deal in winter.

Always hire the proper agent: www.vijaygandhi.com and save you a lot…

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Monthly Real Estate and Mortgage Stats Report

06 Wednesday Apr 2011

Posted by gtarealtyagent in BANK SALE P.O.S. - TAX SALE, Business, condo assignment investments, Condos, current real estate affaiirs, Development, FAMILYLAW & REAL ESTATE, FSBO, Green Investment, H.S.T., Home Reno (adds The Value), Houses, Interest Rates, International, Leasing/Renting, Let's Talk Investing, Listing of the Day, Mortgage, Multiplex-Multi Residetial Investment, Neighbourhoods, New Development/Week, Opinion, POWER OF SALE-FORECLOSURE PROPERTY, Pre-Construction, Re/Max, Real Estate info & ideas, TREB/OREA/CREA, VIP Condo

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Monthly Real Estate and Mortgage Stats Report


Bank of Canada Interest Rate

January 18, 2011
1.00 %
March 1, 2011
1.00 %
April 12, 2011
Next meeting date

Source: Bank of Canada


Bank Prime Lending Rate

January 19, 2011
3.00 %
March 2, 2011
3.00 %
April 13, 2011
Next meeting date

Source: Bank of Canada

Conventional Mortgage – 5 Year Rate*

February 9, 2011
5.44 %
February 23, 2011
5.44 %
March 28, 2011
5.34 %

Source: Bank of Canada
*Determinant for high ratio mortgage variable qualifying rate


US Federal Reserve Board Discount Rate

January 26, 2011
0.00 % – 0.25 %
March 15, 2011
0.00 % – 0.25 %
April 27, 2011
Next meeting date

Source: US Federal Reserve


Exchange Rate $CDN($US)

February 23, 2011
1.0115
March 16, 2011
1.0083
March 31, 2011
1.0314

Source: Bank of Canada


Government of Canada Bonds

Bond Type February 23, 2011 March 16, 2011 March 30, 2011
1 year Treasury Bill
1.36 % 1.24 % 1.35 %
3 year Benchmark
Bond Yield
2.15 % 1.87 % 2.13 %
5 year Benchmark
Bond Yield
2.61 % 2.44 % 2.71 %
10 year Benchmark
Bond Yield
3.32 % 3.13 % 3.29 %

Source: Bank of Canada


Total New Housing Starts (Seasonally adjusted and annualized)

Province December
2010
December
2009
January
2011
January
2010
February
2011
February
2010
Newfoundland/Labrador
3,200
4,200
3,900
3,600
2,700
3,600
PEI
1,100
1,300
800
600
500
400
Nova Scotia
2,700
2,900
4,500
2,800
3,800
5,400
New Brunswick
3,100
3,600
3,500
5,200
1,800
2,400
Quebec
47,800
51,600
48,600
55,100
44,600
47,800
Ontario
46,400
56,300
51,500
55,500
65,800
70,100
Manitoba
6,500
3,400
3,900
5,100
4,700
4,900
Saskatchewan
7,500
4,500
6,200
6,400
8,800
4,600
Alberta
21,000
27,800
19,600
23,500
21,900
27,300
British Columbia
30,000
22,200
28,100
27,600
27,300
30,100
CANADA
169,300
177,800
170,600
185,400
181,900
196,600

Source: CMHC Housing Now – March 2011 and March 2010. This seasonally adjusted data goes through stages of revision at different times of the year.


Average MLS® Resale Price for Local Markets

City February 2011 February 2010
Halifax
$ 261,638
$ 251,072
Saint John
$ 175,371
$ 168,735
Quebec
$ 244,326
$ 227,461
Montreal
$ 300,471
$ 287,151
Ottawa
$ 337,797
$ 318,894
Toronto
$ 454,470
$ 431,509
Hamilton/Burlington
$ 331,741
$ 314,656
Winnipeg
$ 228,180
$ 215,230
Saskatoon
$ 287,202
$ 291,054
Regina
$ 272,609
$ 263,753
Calgary
$ 400,879
$ 389,388
Edmonton
$ 311,674
$ 316,927
Vancouver
$ 791,604
$ 662,741
Victoria
$ 490,970
$ 481,246


April Stats Chart 1
Source: CREA

This blog communication is for public awareness and public responsibility, for client and customer benefit and best intrest in mind.

Vijay Gandhi is an Re/max Real Estate Sales Rep. &  independent mortgage planner- industry insider & CENTUM Agent. If you are purchasing, refinancing or renewing your mortgage, contact Vijay or apply for a Mortgage Check-up to obtain the best available rates and terms.

 


Have you considered a 50/50 Mortgage?

As always, if you have questions about the 50/50 mortgage product and whether it’s right for you, or other mortgage-related questions, I’m here to help!

Whether you are planning to buy-sell-lease-invest your first home or your investment, contact us today!We’d love to hear from you!
Please leave a detail message; I will get back to you soon as possible…

Thanks for visiting my web sites:

vijaygandhi.com , icxforsale.com & torontomortgagetrends.com

Mortgage Rates Are At Historical Lows. Easy OnLine Application. Apply And Get The Best Mortgage Rate!
*condition apply/sub. to availability

Vijay Gandhi,
Sales Representative- REALTOR®
RE/MAX Dynasty Realty Inc. Brokerage*

Mortgage Agent – Lic.# M10001947
CENTUM Metrocap Mortgage Corp. Lic.#11074

C: 647-267-6338 (Direct-Leave message or text)
O: 416.335.4335 | 905.471.0002 (page me-Have me)
F: 905.471.7441
E-MAIL: vtgandhi@yahoo.com , vgandhi@remax.net
WEB:  www.vijaygandhi.com , www.icxforsale.com
BLOG: https://gtarealtyagent.wordpress.com/
“YOUR PERSONAL REAL ESTATE & MORTGAGE ADVISOR® FOR LIFE”
Please call me TODAY for a No Obligation Buyer Consultation or Pre-Listing appointment!
The referral of your friends & family is the greatest compliment you can give me. Thank you for your trust.

Please, forward my name, phone number & e-mail address to your friends, relatives, clients…

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RE/MAX Listings: click on the City Name

17 Monday Jan 2011

Posted by gtarealtyagent in Let's Talk Investing, Listing of the Day

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RE/MAX Listings click on the City Name

Toronto Mississauga Kitchener Ottawa Windsor
Cambridge Brampton Hamilton London Niagara Falls
Oakville Barrie Burlington Markham Vaughan
Guelph Sudbury St. Catharines Waterloo Oshawa

Toronto |Scarborough |Ajax |Pickering Whitby

Markham-Stouffville |Richmond Hill |Vaughan |Etobicoke

Brampton |Mississauga

Suggested click to Searches:








Whether you are planning to buy-sell-lease-invest your first home or your investment, contact us today! We’d love to hear from you!
Please leave a detail message; I will get back to you soon as possible…

Thanks for visiting my web sites:
vijaygandhi.com , icxforsale.com & torontomortgagetrends.com
Mortgage Rates Are At Historical Lows. Easy OnLine Application. Apply And Get The Best Mortgage Rate!   Variable Mortgage  2.1%   5 Years Fixed  3.49%    Prime   3.00%
*condition apply/sub. To availability

Target for the Overnight Rate
Key interest rate: target for the overnight rate

Sincerely,
Vijay Gandhi,

Sales Representative- REALTOR®
RE/MAX Dynasty Realty Inc. Brokerage*
Mortgage Agent – Lic.# M10001947
CENTUM Metrocap Mortgage Corp. Lic.#11074
C: 647-267-6338 (Direct-Leave message or text)
O: 416.335.4335 | 905.471.0002 (page me-Have me)
F: 905.471.7441

E-MAIL: vtgandhi@yahoo.com , vgandhi@remax.net
WEB:  www.vijaygandhi.com , www.icxforsale.com
BLOG: https://gtarealtyagent.wordpress.com/ , http://gtarealtyagent.blogspot.com
“YOUR PERSONAL REAL ESTATE & MORTGAGE ADVISOR® FOR LIFE”

Please call me TODAY for a No Obligation Buyer Consultation or Pre-Listing appointment!
The referral of your friends & family is the greatest compliment you can give me. Thank you for your trust.
Please, forward my name, phone number & e-mail address to your friends, relatives, clients..

Your comments on the subject is most welcome…

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COMPETING OFFERS:Tips for Buyers/Sellers

13 Monday Sep 2010

Posted by gtarealtyagent in current real estate affaiirs, FAMILYLAW & REAL ESTATE, Interest Rates, Let's Talk Investing, Listing of the Day, Opinion, POWER OF SALE-FORECLOSURE PROPERTY, Real Estate info & ideas

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COMPETING OFFERS, Tips for Buyers


COMPETING OFFERS

In certain market conditions, consumers may find that more than one buyer is interested in a property. This is a competing offer situation and creates unique conditions in a real estate transaction. Both sellers and buyers need to consider how to respond when presented with a competing offer situation. Working closely with your real estate broker or salesperson will ensure that you understand the process.

In Ontario, the seller’s real estate broker or salesperson is required to disclose the number of competing offers to all buyers who have submitted a written offer. However, the terms and conditions of each offer are confidential to the seller and their broker or salesperson.

Working with a Real Estate Broker or Salesperson

The seller’s real estate broker or salesperson represents the interests of the seller in the transaction. The decisions about how offers are presented and responded to, as well as which offer is accepted, are made by the seller.

The buyer’s real estate broker or salesperson represents the interests of the buyer in the transaction. The buyer makes the final decisions related to their offer, including the important decision of whether or not they want to participate in a competing offer situation.

In some situations, the real estate broker or salesperson will represent the interests of both seller and buyer or multiple buyers. Consumers should seek guidance from their real estate broker or salesperson if this situation arises.

Tips for Buyers

In a competing offer situation, buyers may be tempted to offer more for the property than they planned to and/or remove conditions from offers that are intended to protect them.

Before participating in a competing offer situation, buyers should consider factors such as:

Offer Price
How much can the buyer afford to offer for the property and how much is the property worth? A high offer could enhance the buyer’s chance of success. However, it may not be the best long-term financial decision for the buyer. A competing offer situation does not necessarily mean that a property will sell for more than the asking price. Similarly, an offer that meets or exceeds the asking price will not guarantee that a buyer’s offer is accepted.

Financing
Buyers should be aware that pre-qualifying for a mortgage does not safely eliminate the need for a financing condition in an offer.

Home Inspection
In competing offer situations, it can be tempting not to include a clause in an offer that makes it conditional on a home inspection. While your offer might be more acceptable to the seller, you may later learn that there are property defects, required repairs or needed upgrades that you weren’t aware of. In some cases, this can be expensive in the short or long-term. Foregoing a home inspection is a significant risk that a buyer needs to carefully consider.

Tips for Sellers

A seller facing competing offers has to consider how they want to deal with the situation. The seller can decide to: accept the best offer; negotiate with one buyer and reject all other offers; negotiate with one buyer and advise other buyers that their offers are being set aside while the seller negotiates; or reject all offers.

Even in a competing offer situation, buyers have other options and may choose not to continue to participate. A seller may attempt to negotiate only to find out that it was the best offer the buyer could present. In the meantime, other buyers have found new properties they are interested in.

The seller’s real estate broker or salesperson can provide advice and guidance, ensuring that the obligations and the options available are understood.

_______________________________________________________________
The next scheduled date for announcing the overnight rate target is Oct.19.
_______________________________________________________________
  

The info. Is intended as general information only and does not constitute legal advice. If you need legal advice, please speak to a lawyer.  

If you have any questions/suggestion or require more information, please do not hesitate to contact me for buying or selling and also I will be happy to assist you negotiating your investment needs.  

You can find the Residential/commercial/multiplexes/investment listings on webs sites as under www.vijaygandhi.com  www.icxforsale.com  

Vijay Gandhi,
Sales Representative- REALTOR®,
RE/MAX Dynasty Realty Inc. Brokerage*
C: 647. 267. 6338 (Direct-Leave message or text)
P: 416.335.4335 | 905.471-0002 (page me-Have me)
F: 905.471.7441
E: vtgandhi@yahoo.com , vgandhi@remax.net
W:  www.vijaygandhi.com , www.gtarealtyagent.com , www.icxforsale.com   

Please call me TODAY for a No Obligation Buyer Consultation or Pre-Listing appointment!

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First Time Home Buyer

12 Sunday Sep 2010

Posted by gtarealtyagent in BANK SALE P.O.S. - TAX SALE, Business, condo assignment investments, Condos, current real estate affaiirs, Development, FAMILYLAW & REAL ESTATE, FSBO, Green Investment, H.S.T., Home Reno (adds The Value), Houses, International, Leasing/Renting, Let's Talk Investing, Listing of the Day, Mortgage, Multiplex-Multi Residetial Investment, Neighbourhoods, Opinion, POWER OF SALE-FORECLOSURE PROPERTY, Pre-Construction, Re/Max, Real Estate info & ideas

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First Time Home Buyer


First Time Home Buyer

 visit me for more detail: http://www.vijaygandhi.com/BUYING/page_2228232.html

* Interest rates are really low. One of the best benefits of buying your first home now is that you can lock in for the life of your loan at one of the lowest interest rates in history. Over the lifespan of a loan you will save a lot of money not to mention a low monthly payment.

* Prices are affordable. Buyers who may not have been able to afford to enter our market can now afford a good reasonable home. Whether someone is considering a small home or a studio condo, the starting price is probably going to be affordable and in a range your salary can budget.

* Sellers are selling homes in a reasonable condition. During a home inspection there will always be repairs that are suggested on the home. In this market sellers are usually willing to repair reasonable requests. A buyer can expect that unless a home is sold “as is” it will probably be sold in a good shape.

* You don’t have to make your decision at 10pm on a Wednesday. In most cases you can take reasonable time to make an offer on a house. You won’t show up on the first day it was listed and find out there are already offers. It is possible to find multiple offers, but in most cases you don’t have to fend off competition every step of the way.

* You won’t get into a loan you can’t get out of. With today’s lending you can be sure the loan you are offered is one that is reasonable for your income and has payment terms that will keep you in your home as long as you want to be there.

* Sellers are open to giving a credit. It is common for first time home buyers to try and negotiate a credit from the sellers to pay for closing costs freeing up more of their savings for the down payment. In this market sellers are willing to pay this credit.

_____________________________________________________________
The next scheduled date for announcing the overnight rate target is Oct.19.

_____________________________________________________________
  

The info. Is intended as general information only and does not constitute legal advice. If you need legal advice, please speak to a lawyer.  

If you have any questions/suggestion or require more information, please do not hesitate to contact me for buying or selling and also I will be happy to assist you negotiating your investment needs.  

You can find the Residential/commercial/multiplexes/investment listings on webs sites as under www.vijaygandhi.com  www.icxforsale.com  

Vijay Gandhi,
Sales Representative- REALTOR®,
RE/MAX Dynasty Realty Inc. Brokerage*
C: 647. 267. 6338 (Direct-Leave message or text)
P: 416.335.4335 | 905.471-0002 (page me-Have me)
F: 905.471.7441
E: vtgandhi@yahoo.com , vgandhi@remax.net
W:  www.vijaygandhi.com , www.gtarealtyagent.com , www.icxforsale.com   

Please call me TODAY for a No Obligation Buyer Consultation or Pre-Listing appointment!

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Seeing through home sellers’ camouflage , Buyers: hire Right Realtors

20 Sunday Jun 2010

Posted by gtarealtyagent in BANK SALE P.O.S. - TAX SALE, current real estate affaiirs, FSBO, Leasing/Renting, Let's Talk Investing, Listing of the Day, POWER OF SALE-FORECLOSURE PROPERTY, Real Estate info & ideas

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basement, camouflage, Canadians, fixed, home sellers, Protect yourself, septic tank, www.brafirst.ca, www.gtarealtyagent.com, www.vijaygandhi.com


Seeing through home sellers’ camouflage

Mortgage rates have started to climb again. While that’s probably a good sign for the economy, it may also be a wake-up call for people who have been hitting the snooze button on the time in which they hoped to buy a house.

If you’re one of the many Canadians just entering the buyer’s market, it’s easy to get caught up in the critical aspects of home buying and forget some of the details. The clock is ticking, rates are rising and what matters in a house is location, location, location, right?

Yes and no. Location matters, but if you’re not careful and observant when making your choice, you could get a great location and still end up with a money pit.

In some cases, people anxious to sell their home have been known to make a few cosmetic adjustments to hide the areas where their house might need a little extra care or even some serious repairs. Here’s what to watch out for.

A fresh coat of paint in the basement

“One thing I find suspicious is a recently painted concrete floor and two or three feet of foundation in an unfinished basement,” he says. “A lot of times, basements will leak, and they’ll get that mineral stain around the concrete. Before they sell, some owners will cover it up with a coat of paint.”

if you suspect a problem, go back for a second visit. “The only way to tell is to wait for a good heavy rain and visit again to check for moisture. If you’re still uncertain, you can hire a plumber with a camera, and they can look down the pipes.”

Checking pipes like this is not done in the course of a usual inspection, but it’s worth making it a condition of the sale if you’re really worried, because drainage problems can be very difficult to fix. also pl hire a very good home inspector, honest reliable and from good firm. money well worth over the possible lemon if you get caught in.

New sewage or drainage pipes

Around the foundation of every house is a permanent, porous piping system, called weeping tile, that acts as a drain and keeps water from entering your basement. “Over time, this pipe can fail. It can fill with debris and mud and stuff, and it is not easily fixed.”

In older houses, weeping tile isn’t even made of pipes — it’s a series of half-round, clay tiles placed next to each other. So, if the house or the land shifts, you could be in for trouble.

The money you spend to have a plumber/home inspector look at your drains could end up saving you thousands of dollars, to say nothing of the time and inconvenience of digging a trench around the perimeter of your house to replace the draining system.

A recently pumped septic tank

There is cautionary tales about plumbing. “The worst is when a home owner is hiding problems with a septic or sewer system. Having the septic tank pumped out prior to an inspection can give the appearance of a well working system.”

 “A failed septic system can cost well over $20,000 in replacement costs.”

Sewer systems can also be bladed — which involves using a long tube with a rotating blade at one end to clean pipes and cut out blockages — so that they appear to be working without backups. But, again, this is a short-term solution to an expensive, long-term problem. ask plumber/home inspector to give full report for that in details.

Unusual smells

Your senses are your first and one of your best methods of avoiding deception. Mould smells like mould. It’s easy to hide the visual signs of mould with paint, but it’s a hard smell to mask. Don’t be afraid to sniff around any area that makes you feel uneasy.

Suspicious piles and large plants

If something looks out of place, ask about it. A pile of bricks stacked against the side of the house could just be a pile of bricks, but it could also be a way of hiding a cracked foundation.

That newly planted yet mature tree in the back yard, the one in front of the retaining wall? Look behind it. Just as people will paint over stains, they sometimes landscape over cracked retaining walls or other problem areas.

Protect yourself

Follow your gut. If you think someone is lying to you, ask more questions and use your written offer from sellers as a means to get the truth. Contracts are there to protect you, and conditions of sale are a good way to ensure you’re covered. If you’re unsure about how to do this, ask your real estate agent or your lawyer, but do not go in unprotected. It’s usually easier to avoid buying a problem than it is to fix it.

We also recommend to use the right realtors who are meaningfully protects your right and not just counting numbers of sold.

 As a part of continuing guidance to you we recommend to visit the link of Toronto Real estate Board and protect your rights

www.brafirst.ca 
So, take your time and think through your purchase carefully. All of the experts agree on one point — sometimes you have to accept a few problems to get your dream house, but it’s best to understand how much the trouble your home might cost you before you sign on the bottom line.

Article derived from Yahoo-finance

 (The comments contained on this site are for information purposes only and do not constitute legal advice.)

If you have any questions/suggestion or require more information, please do not hesitate to contact me and I will be happy to assist you.

Vijay Gandhi,
Sales Representative- REALTOR®,
RE/MAX Dynasty Realty Inc. Brokerage*
C: 647. 267. 6338 (Direct-Leave message or text)
P: 416.335.4335 | 905.471-0002 (page me-Have me)
F: 905.471.7441
E: vtgandhi@yahoo.com , vgandhi@remax.net
W:  www.vijaygandhi.com , www.gtarealtyagent.com

Please call me TODAY for a No Obligation Buyer Consultation or Pre-Listing appointment!

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Check that your Land Title is Absolute When Buying Property in Ontario

05 Saturday Jun 2010

Posted by gtarealtyagent in Business, condo assignment investments, Condos, current real estate affaiirs, Development, FSBO, Houses, International, Let's Talk Investing, Listing of the Day, Mortgage, Neighbourhoods, New Development/Week, Opinion, Pre-Construction, Real Estate info & ideas

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Check that your Land Title is Absolute When Buying Property in Ontario

If you own land in Ontario, more than 97 per cent of the land is now registered in the Land Titles system and it will probably be 100 per cent within the next 12 months. There are two categories of properties that are registered: Land Titles Absolute (LTA) and Land Titles Conversion Qualified (LTCQ).

Most land in southern Ontario settled after 1795 was originally in the registry system. Land in Northern Ontario, which was settled after 1885, was immediately placed into the Land Titles system. Over time, about 35 per cent of the land in the registry system was converted into the Land Titles system using the Land Titles Absolute method. This involves submitting a full 40-year search of title to the province for approval and preparing a new survey for the property, which is then sent to every adjoining land owner. If there are no objections, then the land is registered into Land Titles and the owner is granted the full protection. This means that no adjoining owner can later bring a claim for ownership by possession or easement by prescription, even if they prove 10 years of continuous possession of the land or 20 years of use of any easement.

In 1999, the province of Ontario, under the Polaris initiative, began the administrative conversion of the remaining 65 per cent of the land into the Land Titles system. The main difference between this method and Land Titles Absolute is that while 40-year searches were conducted on each piece of land, no up-to-date surveys were prepared. As such, the title to these lands are “qualified,” such that if there were any matured claims for adverse possession or easements by prescription which were in existence at the time that the land was transferred into Land Titles, these claims would continue to apply today.

As an example, if a parcel was placed under the LTCQ category in 2005, but a neighbour had fenced off part of the land in 1992, then the neighbour would probably be entitled to that piece of land, if he could prove open and continuous possession from 1992 until 2005. But if in the same example, the land was fenced off in 1998, the neighbour would be unsuccessful because the claim had not yet matured in 2005, as only seven years had elapsed. The same principle would apply for any 20 year easement claim based on prescription.

If a person today owns land that is designated LTCQ and wants to build a subdivision or condominium development on the lands, they will still have to convert these lands to Land Titles Absolute by having a new survey prepared, sent to the adjoining owners and waiting for the prescribed time limits for opposition to expire.Thats why we see signs about land stating public notices.

Even if you can prove that you have fenced in your neighbour’s land for more than 10 years, it may still be difficult to claim the land by possession.

For example, if you are fencing in land and the owner has no knowledge about it, or is merely holding the land in question for future development, then the case law has decided that the claimant will not be successful in these kinds of claims for possessory title.

You can look at your deed, the title register, or the letter from your lawyer when you bought the property to check whether your title is absolute or qualified. If you are in a subdivision registered after 1971, then your title is absolute.

This continues to demonstrate the need to always verify whether there is an up-to-date survey, more formally called a Surveyor’s Real Property Report, when buying any property. You will have certainty that all fence lines are in fact on the true boundary lines as shown in your deed or consult right authority and make sure before venturing the investment.

(The comments contained on this site are for information purposes only and do not constitute legal advice.)

If you have any questions/suggestion or require more information, please do not hesitate to contact me and I will be happy to assist you.

Vijay Gandhi,
Sales Representative- REALTOR®,
RE/MAX Dynasty Realty Inc. Brokerage*
C: 647. 267. 6338 (Direct-Leave message or text)
P: 416.335.4335 | 905.471-0002 (page me-Have me)
F: 905.471.7441
E: vtgandhi@yahoo.com , vgandhi@remax.net
W:  www.vijaygandhi.com , www.gtarealtyagent.com 

Please call me TODAY for a No Obligation Buyer Consultation or Pre-Listing appointment!

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Homes for Sale Posted in MLS®:Toronto, Scarborough, Richmond Hill, Markham, Pickering, Ajax

31 Monday May 2010

Posted by gtarealtyagent in Listing of the Day

≈ Leave a comment


Homes for Sale Posted in MLS®

Toronto, Scarborough, Richmond Hill, Markham, Pickering, Ajax

New MLS listings for Sunday, May 31, 2010

# Address Municip. Price▲ Br Wr MLS#
 

2

66 Smales Dr Ajax $256,900 3 3 E1876382
 

10

46 Pinery Tr Toronto $285,000 3 3 E1880004
 

12

41 Dooley Cres Ajax $287,000 3 3 E1880300
 

7

1134 Glen Eden Crt Pickering $295,500 3 3 E1879349
 

4

37 Coughlen St Ajax $299,900 3 4 E1877843
 

9

1871 Ashford Dr Pickering $315,000 3 3 E1879537
 

3

55 Carisbrooke Sq Toronto $319,900 3 3 E1877319
 

11

21 Homedale Dr Toronto $336,000 3 4 E1880153
 

5

1850 Kingston Rd Pickering $338,800 3 3 E1878103
 

8

53 Kerrison Dr W Ajax $349,000 4 4 E1879364
 

15

30 Autumnglen Rd Markham $350,000 3 3 N1877625
 

1

14 Tweedrock Cres Toronto $369,900 4 3 E1876052
 

16

8 Ritva Crt Richmond Hill $379,000 3 3 N1878402
 

17

62 Durie Lane Markham $379,000 3 3 N1879038
 

6

2138 Erin Gate Blvd Pickering $379,900 4 4 E1878554
 

19

51 Yale Lane Markham $379,900 3 3 N1879518
 

20

49 Nottingham Dr Richmond Hill $384,900 3 3 N1879595
 

13

100 Don Head Village Blvd Richmond Hill $399,990 3 3 N1876655
 

14

37 Country Glen Rd Markham $419,900 3 3 N1877205
 

18

39 Gordon Weedon Rd Markham $445,000 4 3 N1879366

 

New MLS listings for Sunday, May 31, 2010Click here  to view full property matches on-line or call me:

http://www.torontomls.net/PublicWeb/CL_FLY.asp?link_no=31483630.131900&t=l&fm=F

Toronto

 Scarborough

 Richmond Hill

 Markham

 Pickering

Ajax

_________________+++++________________

We know you are busy so let us get straight to the point. Have you thought of buying or selling real estate like Home or Business?

 You want to buy the home that you always desired to live in?

If so, we would like to invite you to continue reading because we would show you shortly how you can make this dream come true.

Here’s a quick quiz that could make a dramatic impact on the way you continue living your life. Take 10 seconds, and check those questions where your answer is YES.

  • Are you tired of having the same boring home all the time?
  • Are you wondering how you can have that buy the home that you can afford?
  • Are you interested in putting at least 5% down payment for new home?
  • Are you wondering how you can take your home buying process to new level?
  • Are you wondering that you can still buy the new home while selling current home and cover both home with blanket mortgage while sold?

If you answered YES to any (or all) of the above, the good news is this. You can easily get rid of all those negative aspects of your real estate investment through:
www.vijaygandhi.com

 

Visit: www.vijaygandhi.com to search all active MLS Listings Or Call Direct: 647-267-6338

http://www.vijaygandhi.com/CONTACT_ME/page_2228816.html

(The comments contained on this site are for information purposes only and do not constitute legal advice.)

If you have any questions/suggestion or require more information, please do not hesitate to contact me and I will be happy to assist you.

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Homes for Sale Posted in MLS®:Toronto, Scarborough, Richmond Hill, Markham, Pickering, Ajax

30 Sunday May 2010

Posted by gtarealtyagent in Listing of the Day

≈ Leave a comment


Homes for Sale Posted in MLS®

Toronto, Scarborough, Richmond Hill, Markham, Pickering, Ajax 

New MLS listings for Sunday, May 30, 2010

# Address Municip. Price▲ Br Wr MLS#
 4 741 Markham Rd Toronto $319,900 3 3 E1881693
 3 59 Oakworth Cres Toronto $365,000 3 3 E1880652
 1 635 Chartwell Crt Pickering $499,000 4 5 E1878324
 2 18 White Heather Blvd Toronto $499,900 4 4 E1879385

Click here to view full property matches on-line or call me:

Toronto 

 Scarborough 

 Richmond Hill 

 Markham

 Pickering

Ajax

 

Visit: www.vijaygandhi.com to search all active MLS Listings Or Call Direct: 647-267-6338

 

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