Category Archives: Buy with Mash

97 Sandringham Dr. Courtice

Open House July 14 & 15 2 pm-4 pm

You Can’t Help But Fall in love…

This 2 storey showstopper is ready to welcome YOU home – with tons of fresh updates! 4 bedrooms and 2.5 baths and 2 car garage. Be prepared to be WOWED with rich hardwood flooring including staircase; a chef’s executive kitchen with gas stove, built-in microwave / fan unit, & dishwasher; crown molding thru-out most rooms, renovated baths, plus so much more… This home is one to remember.

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303 Highland Ave. Oshawa

A house That Keeps on Giving!

$550,000

This home showcases the best of both worlds.Two living spaces and great rental income. This 2 +1 bedroom bungalow offers lots of natural light, 2 newer Kitchens, 2 Updated Baths, and Gorgeous Hardwood Floors. Entertaining is made easy with large Deck and Spacious Back yard. Massive Garage which was originally a single car that has an addition, making it the ultimate man cave. Basement is finished with a one bedroom suite with lots of storage, Home features newer plumbing, shingles, electrical, wiring, foam insulation on basement walls and sound insulation in the ceilings. Plus so much more!

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14 Dewey Dr. Toronto

Open House – June 2 and June 3 2 pm- 4 pm

Get a Jump on the Market!

This 3 bedroom, 2 bath home, is Move-In Ready. Many Great Qualities Include: Hardwood Floors, Glass Door Knobs, H/E Gas Furnace, Central Vac… For the investor with Vision this home has a Separate Side Door Entrance, 3 pc. Bath, Large Rec Room with Wet Bar, and 2 Additional Bedrooms in the Basement. Great location across from a Elementary school and a block away from Public Transit and Shopping. Tomorrow may be too late! $784,000.

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What’s a Mortgage Deposit? Only Half of Canadians Know!

While many Canadians have a good understanding of financial services terms, a recent Angus Reid survey revealed that only 51 percent of respondents were confident they knew what a mortgage deposit was, with 48 percent admitting they were “not very confident” or “not at all confident” they understood the term. #cbrmr

It’s easy to see why there’s some confusion over the definition, as homebuyers often use the terms “deposit” and “down payment” interchangeably. While they both refer to money put forward in the home buying process, here’s some clarification of each term:

A deposit is comprised of the initial funds the buyer submits during the offer process to secure or commit to a property they wish to purchase, as a gesture of trust and good faith to the seller. It’s typically made at the time the offer is made, or upon acceptance of the offer. There’s no typical amount for the deposit, although in a hot housing market, an offer with a higher deposit could be more attractive to the seller.

If the seller accepts the offer, the deposit will typically be kept in a trust account — usually by the seller’s brokerage — until it becomes payable.

A down payment is the money the buyer pays to the seller to be eligible for financing once the offer is accepted. It’s a lump sum that’s paid out of the buyer’s pocket, not financed through a mortgage. When the time comes to close on the home, the deposit will go toward the down payment and will be credited toward the home’s purchase price.

Are you planning to make a move this summer? Call TheMashTeam at 905 430-6655 for the latest market update!

Prices Stabilize Into Spring

Click on the links to get our comparison of 2016, 2017 and 2018

Avg. Sale Prices comparison # of Sales comparison

Avg. Sale Prices comparison

Months of Inventory comparison

Toronto’s housing prices showed signs of steadying in April, with moderate price increases expected as the year moves on.

Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,792 sales through TREB’s MLS® System in April 2018, at an average selling price of $804,584. On a year-over-year basis, the average selling price was down by 12.4 percent while sales were down from last April’s record levels by 32.1 percent.

“While average selling prices have not climbed back to last year’s record peak, April’s price level represents a substantial gain over the past decade,” noted Mr. Syrianos.

Jason Mercer, TREB’s Director of Market Analysis added, “The comparison of this year’s sales and price figures to last year’s record peak masks the fact that market conditions should support moderate increases in home prices as we move through the second half of the year, particularly for condominium apartments and higher density lowrise home types. Once we are past the current policy-based volatility, home owners should expect to see the resumption of a moderate and sustained pace of price growth in line with a strong and local economy and steady population growth.”

Wondering about the latest local real estate activity? Is this the right time for you and your family to make a move? Please call today for your complimentary market update! #cbrmr

The Real Estate Market is Still Strong…despite what you hear on the news!

We just wanted to take the time to reach out regarding a lot of negativity in the news lately about the real estate market, interest rates and where things are heading.

Just this morning on the news we heard that April sales were down over 30% from last year and while last year’s market was an anomaly, we think it’s fair to say that the bad press is causing some of this down turn by portraying this as a “bad time to buy or sell”.

Yes, rates have been on the rise over the last year, however, did you know that you can still get interest rates as low as Prime (currently 3.45%) -.95% on a variable term or 3.29% for a 5 year fixed. These are still some great rates compared to what we’ve experienced in the past!

Even if you are not in the market to move, it may be a good time to refinance and consolidate some of those debts that may be eating into your monthly cash flow. Why continue to pay up to 20% interest on credit cards when you could borrow against the equity of your home and pay them off.

Market prices are starting to settle down, unemployment is at a 40 year low and rates are still good. Those are a few things to remain positive about.

If you have any questions or concerns regarding your mortgage or the market in general, please let The Mash Team know and we will be happy to help. #cbrmr

Spring Into Action

Spring is peak home-buying time. If you’re in the market for a new home this season, get a jump on your competition by ticking off these tasks before even beginning the home-hunting process.

  • Obtain a copy of your credit report. It’s always wise to check your credit standing through one of the free credit-reporting services once a year, even if you’re not in the market for a loan, just to be sure the report is up-to-date and accurate. In the event it contains any errors or omissions (e.g., closed charge accounts that appear as available credit or repaid loans that show up as outstanding), you’ll want to get those mistakes cleared up before they slow things down when you do need a loan, or worse, ruin your chances of obtaining a loan altogether.
  • Get pre-approved for a mortgage. And make sure your real estate sales representative knows! By getting pre-approved, not only will your representative be able to target properties that fit your budget, you’ll know that financing won’t be a stumbling block when you do find that perfect home. Also, as a pre-approved buyer, you can offer sellers a quicker closing, which can give you the edge over competing buyers who have yet to secure their own loan approval.
  • Be available. Make sure your real estate sales representative knows the quickest way to contact you as properties meeting your criteria become available. And have a contingency plan ready for viewing properties at a moment’s notice — have a babysitter on speed-dial, for example.
  • Line up your crew. Your property purchase will likely necessitate securing the services of professionals, such as a home inspector and a lawyer. Have your team lined up ahead of time so that you don’t hinder the home-buying process by waiting until the last minute to recruit. Call The Mash Team first to get started. #cbrmr

OPEN HOUSE CANCELLED…Home Sold

Welcome to 128 Allworth Cres in Bowmanville.  Bright, open-concept 4 Bedroom Family home with stylish curb appeal, just minutes from the 401/407 in the historic town of Bowmanville. Ideal for  commuting and enjoying small-town living.  Home Features:  Crown Moulding , 9′ Ceilings and Hardwood flooring on the Main floor.  Family room with gas fireplace that will not cramp your style. Family sized Open Concept Eat-in Kitchen with Breakfast Bar, Built-in Dishwasher, upgraded cabinets and walk-out to yard. Spacious dining/living room with Gleaming hardwood floors.  Large master bedroom with 4pc ensuite including Glass Shower and Soaker Tub plus W/I closet. Secure family neighborhood that is walking distance to newer schools, parks, shopping and public transit. Just Listed for $550,000. #cbrmr

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Selling? Low-Cost Home Improvement Fixes that Make Your Home Shine

When selling a home, even tiny fixes can have a big impact. Fortunately many fixes can be done quickly and with a small budget.

Here are 10 of the best low- (or no-) cost home improvement fixes to make your house stand above the competition:

1. Address the Heart of the Home
In real estate, the kitchen is a main selling feature and can be a make or break deal for potential home buyers. If a new kitchen just isn’t in the cards, consider replacing smaller ticket items and de-cluttering. Low- and no-cost fixes for the kitchen include:

New cabinet hardware
New faucets
Installing a new backsplash
Storing countertop appliances to create more work space
Replacing dark valances with lighter fabric or removing them altogether

2. Update Switch Plate Covers
Switch plate and outlet covers are brittle, and can crack and yellow over time, resulting in a home that, no matter how well updated, still looks dated. New outlets and covers can be replaced in a snap for generally under five dollars, making it one of the lowest cost updates available. Consider flat switches that create a modern, streamlined silhouette and stick to white for a timeless look.

3. Beautify the Bathroom
An updated bathroom comes only second to kitchens in a buyer’s list of must-haves, so showing them a clean and uncluttered bathroom will score points with any potential buyer.

New flooring can give an otherwise tired bathroom a much needed facelift and create a newer looking bathroom overall. Coordinating linens, a new shower curtain, and thoroughly cleaned grout can top off this easy home improvement investment.

4. Address Storage
Storage is always a concern for buyers. Installing low-cost closet organizers to your existing space will increase storage and organization in your home. Add storage baskets to hide clutter and you will have beautiful storage spaces that will make any buyer envious.

5. Deep Clean for a Good Return
If your home contains wall to wall carpeting, clean carpets can make a world of difference to a buyer. Cleaning carpets can easily be completed in a weekend with a rental cleaning machine, and it creates a noticeably clean, odor free environment for buyers to tour.

6. Boost Curb Appeal
Nothing boosts curb appeal like a tidy yard. Trim and edge walkways, weed gardens, and trim shrubs for maximum impact. If you have a porch, consider potted, seasonal plants to bring the look together.

7. Improve the First Impression
As buyers approach your home, first impressions matter. Ensuring your entryway is clean and inviting with something as simple as a new mailbox or updated house numbers will make buyers feel welcome. Clean windows and doors for extra impact.

8. Add a Coat of Paint
Freshening up your living space with neutral colors will invite buyers to imagine their belongings in your home and will cover up any nicks, scratches, or dents your wall incurred over years of daily living.

9. Update Lighting
While not the lowest cost solution on our list, you will find that a new light fixture or two really breathes new life into key living spaces. If your budget is tight, look to kitchen, dining, and living rooms for the most bang for your buck.

10. Add Some Decor Pizzazz
Finally, a fresh look can be completed with nothing more than some colorful fabric. Inexpensive pillows and throws in a coordinating palette through your home will create a unified look that will have buyers hooked. #cbrmr

59 Aspen Park Way. Whitby

SEE IT AND FALL IN LOVE!

$475,000

Open house March 24  & 25. 2 pm – 4 pm

Upgraded home from top to bottom. Nothing to do, but move on in. Stylish kitchen with gas stove, hardwood floors, backsplash, and breakfast bar. Bright and Spacious Open concept living and Dining room, each with Gleaming Hardwood Floors, designer paint colors and Pot lights. Master Suite has walk-in closet and Updated Ensuite. Large and bright finished basement that walks-out to your private yard that perfect for entertaining. Located Conveniently for commuting. $475,000.

 

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