Category Archives: Sellers Fit to Sell

222 Dovedale Dr. Whitby

Good Investment Opportunity…

Price: $500,000

House of TWO’s. 2 kitchens, 2 floors, 2 living areas, 2 baths, 2 fridges, 2 stoves and parking for 2+ cars. This home features 3+1 bedrooms, newer kitchens, Newer CAC, windows, and beautiful hardwood flooring on main level. Home has large recreation room and laundry on lower level, plus 1 bedroom suite. Shows well. Move in before Christmas.

222 Dovedale

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What does being rich mean? How to define it

You probably know wealth when you see it around you – but do you know whether you are rich?

With real estate values soaring across the country, many Canadians feel a level of financial confidence today they’ve never known before. But have they reached a point of financial security? Do they have enough money for their future, and if not, how will they know when they do?

Statistics Canada employs numerous metrics for the other end of the spectrum, without ever using the term “poor.” For instance, the income cutoff for a single person living in a large city was $24,328 in 2014. For a family of four the amount was $45,206.

But there is no magic threshold, no national statistic, that defines you as rich. Wealth is a malleable term that might mean a well-stocked beer fridge, living mortgage-free or having enough money invested for a long retirement.

When it comes to amassing wealth, the United States sets the gold standard. But Americans themselves can’t definitively articulate what being rich means.

Twenty-seven per cent define it as having a lot of money; while 24 per cent say wealth means enjoying life’s experiences, and 22 per cent say it means being able to buy anything they want. That is the breakdown according to a representative sample of 1,000 U.S. adults surveyed in April by Koski Research for Charles Schwab Corp.

When asked to express how much is required to be considered “wealthy,” this “average” group of Americans came up with the amount of $2.4-million (U.S.), or nearly 30 times the actual median net worth of U.S. households.

Ask rich people a question like that, however, and you get a completely different answer.

Many people who have the drive to make significant sums of money don’t have the ability to dial down that ambition once they are wealthy. For them, the thrill is in the pursuit and money is the scorecard.

When the investment firm UBS AG polled 2,215 U.S. millionaires in 2015, nearly two-thirds of those with a net worth of less than $5-million and dependent children expressed concern that they are only one wrong step away from a major setback – be it a large investment failure or job loss. For individuals with $5-million or more, one-third said they felt they couldn’t withstand a setback.

Clearly, money doesn’t make it easy to sleep at night; it can be difficult to relax once you get to the top.

“With memories of the financial crisis still lingering, most millionaires don’t have enough wealth to feel secure,” concluded the UBS report, entitled When is Enough … Enough? “As a result, many feel stuck on a treadmill, without a real sense of how much wealth would make them satisfied enough to get off.”

In Canada, the average household net worth rose 4.3 per cent to $680,098 in 2015, according to Environics Analytics. Vancouver households crossed a symbolic threshold, becoming the country’s first “city of millionaires,” with an average net worth of $1,036,202, up 7.3 per cent from the prior year.

These gains were powered largely by rising real estate prices; Canadians’ principal residences comprise about one-third of their assets, according to Statistics Canada. What homeowners generally fail to accept, however, is that the money in their principal residence is permanently locked in. Very few Canadians end up selling their homes in retirement and enjoying the proceeds until their last cheque bounces the day they die peacefully in their beds.

Instead of looking at home valuations, a better measurement of wealth is whether your earned income – that is personal income from investments rather than employment – exceeds your expenses. Another sign of real wealth is the ability to forgo life insurance, because your estate would have enough assets to support your family at its current lifestyle.

Probably the least helpful way to assess your wealth is by comparing your spending with others, a process that will surely leave you feeling short.

Consider the millionaire family that flies to Whistler, B.C., annually for a ski vacation during the March break. By most standards, they look rich. But those parents may well be looking at a select group of their friends who are redefining the holiday experience by opting for snow and surf during the two-week break scheduled by most private schools: the first week in Whistler, the second in the Caribbean.

Instead of chasing a mirage, the best approach may be to embrace a broader definition of wealth. If you knew you only had five years to live, how much financial hardship would your family incur? How drastic a set of steps would you need to take to get your financial affairs in a state acceptable to you? What financial legacy would you be leaving and how close to your goals would it be? And most importantly, what course would you set to optimize those final years? Answers to these questions could provide the best snapshot of your true personal wealth today.

 

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First Impressions

PhotoCan you sell a home by its cover? If your home features a well-presented home exterior, it’s certainly a possibility.

Today’s many exterior refinishing options provide ways for your home to stand out, increase its perceived value and capture the eye of the right buyer, no matter what your budget. Re-facing the outside of your house can be as simple and cost-effective as repainting it, or as involved as applying new brickwork. Here are just a few of the options available.

Paint: The least expensive option, a fresh coat of paint can instantly brighten and freshen your home’s exterior.

Siding: Vinyl siding is lightweight, inexpensive, easy to install and can cover a multitude of sins from flaking paint to uneven wall surfaces. Wood and brick siding are more expensive, but can create a richer impression.

Stone Veneer Siding: Boasting the luxury look of full stonework but with a much easier installation and substantially lower cost, stone veneer is becoming a strong contender in the home upgrade market. Whether you’re refacing for your own benefit or for curb appeal, it’s worth noting the return value of your investment: the annual Cost vs. Value Report, reported in Remodeling Magazine, affirms an 89.4 percent return-on-investment for manufactured stone veneer.

Stucco: Attractive, low-maintenance, and available in a variety of textures and colors, stucco can add warmth to the exterior appearance of your home. Before installation, however, be sure to investigate its practicality for the weather in your region.

Help! My Home Isn’t Selling

You listed your home for sale with high hopes. You love your property and you felt certain that it would sell in a reasonable amount of time. But it’s been several weeks or months since you listed your home.

You’ve had some interest and maybe several showings. You may or may not have received an offers. Maybe you’ve even experienced the emotional turmoil of watching a Offer fall apart. Regardless of the details, one fact is clear: your property is very much still for sale.

What went wrong? What can you do? Here are 8 effective tips to facilitate a faster sale.

Depersonalize
If your house has been on the market for six weeks or more without so much as a nibble of interest, it’s time to take a hard look at what might be putting buyers off.

If buyers can’t imagine themselves living in a home, they’ll be reluctant to make an offer.

To make your home appealing, pack away all of your family pictures, child artwork, and mementos. Paint your walls a neutral color like beige, cream or white. Pack away any polarizing or controversial pieces of artwork or decor. Depersonalize and try to make your home look like a model home.

Declutter
Buyers like to see clean, wide-open living spaces. If you have physical or visual clutter in the room, you’re sending a message to the buyer that you don’t have enough storage space.

Don’t send that message. Instead, get those moving boxes and start packing. You may not have a contract yet, but if you minimize your possessions and declutter the space, you’ll make the rooms look larger and create the impression of having tons of storage space.

Remove Evidence of Pets
We love our four-legged friends, but their food and water dishes, crates, and even just hair on the carpet can be a big turn-off to buyers who don’t like animals.

If you know that someone is coming to look at your home, put the food dishes away, store the crate in the garage or outside, and make sure to remove all signs of pet fur and dander.

Freshen Up the Space
Don’t let buyers turn up their nose at your home. Smell is the first thing potential buyers notice when they walk into a house.

Clean your home to get rid of any dusty or musty smells. If the weather is nice, open the windows to let your home air out. Install all-natural room fresheners or light scented candles in discreet places like the bathroom closet, laundry room, and garage. Choose a neutral and natural scent, like vanilla, rather than a pungent floral scent.

You could also consider investing an essential oil diffuser to leave running during home showings. Sage, lemon, lavender, and cinnamon are all subtle, relaxing, and inviting scents that help brighten your living space.

Work on Curb Appeal
Some buyers won’t even step into your home if they don’t think the property has curb appeal. Clean the windows and make sure that there are no visible cobwebs. Mow your yard and trim the edges, prune the bushes, plant fresh flowers, and spruce up your shutters by giving them a fresh coat of paint. You may even want to install a new mailbox and outdoor light fixtures.

Consider an Affordable Mini-Renovation
Not everyone likes a fixer-upper. Stained carpets and less than appealing paint colors may look like dollars needed for (and the hassle of) renovation in the buyer’s eyes.

Small renovations may lead to big payoff. Consider painting the walls a neutral color, installing a smart thermostat, replacing hardware and fixtures and other fairly inexpensive changes that will take away the label of a fixer-upper.

Stage Like an Expert
You’ve depersonalized, decluttered, renovated, and worked on curb appeal. Now it’s time to stage your home like a pro.

Place brand new, neatly folded towels and candles in the bathroom. Place a decorative bowl filled with bright red or green apples, lemons, or limes in the kitchen. Fill a clear glass cookie jar with fresh cookies on the kitchen counter.

Talk to Your Agent About Pricing and Listen to What They Say
If your home isn’t selling after you’ve done everything above, it’s time to talk to your real estate agent about adjusting the price.

This is where your agent’s knowledge of your market and the amenities of your home come into play. If your home is priced competitively, buyers will feel like they’re getting a great deal. A $5,000-$10,000 reduction may be all it takes to motivate the right buyer.

Make Your Home More Accessible
Make your home available for showings. If you limit your home to pre-scheduled viewings, you’re definitely not going to be able to sell as quickly. If you’re flexible with when you allow buyers to come see your property, you’ll have a better chance of getting more foot traffic and more potential buyers into your home.

Are you Fit To Sell. Call The Mash Team. We are here to help!

531 Simcoe Street N., Oshawa

 

A home with a lot of heart, in one of Oshawa’s most Desirable Areas.

$575,000

Walking Distance to Dr. SJ Phillips and O’Neill High School. This jewel of a home features 3 bedrooms, 1.5 baths, a formal dining room with built-in shelving, and main floor family room that is full of Charm and Character. Beautifully Renovated from top to bottom including newer kitchen, baths, doors, decking, flooring, windows, furnace, CAC, shingles and flagstone walk-way.  Special Features: 2 staircases’s to upper level.  Main bath features 2 sinks, Glass shower, claw tub and electric fireplace on wall. Three good sized bedrooms.  A real stunner. Unbelievably priced at $575,000.

 

776 Waverly St. N., Oshawa

Open House May 27 & 28. 2-4 pm

$800,000

Welcome home!  This Gorgeous All brick Jeffrey Built Home located in North/ West Oshawa. Many extras include: 4 bedrooms, 2.5 baths,  Sunken family room with gas fireplace, renovated kitchen featuring Corian counter top, under counter lighting,  pot n pan drawers garborator, vac-pan, Hardwood Floor plus a walk-out to deck overlooking back yard. Back yard features poured concrete patio, garden area, change house/pool shed with hydro. No need for a cottage. Enjoy your own back yard oasis featuring in-ground pool that is ready for pool parties. Value added features: In-ground sprinkler system in front and side yard. Central Air Conditioning, Central Vacuum, 2-car garage with entry to home + parking for 4 vehicles in driveway. Peaceful and perfect. Great home for entertaining, yet so very livable. Lots of class and glass. Close to all amenities. Make this lovely home yours for only $800,000.

1261 Belair Cres. Oshawa

Priced to Sell at $450,000

Spacious 3 Bedroom, 2 Bath Home Smart Home With A Combination Of Nest And August Products. Many Updates Have Been Completed Including, Windows And Doors, Kitchen,  Gorgeous picture Gas Fireplace with LED Lights, Main Bath, Soffits, Facia and Eaves, Flooring Thru-Out, Central Air Conditioning, Front Steps, Landscaping And Shingles. Move In And Enjoy And Easy-To-Live-With Floor Plan. Spoil Yourself. Parking For 4 Vehicles. No Sidewalks. Huge Concrete Patio On Side & Back Of Home. Includes: Fridge, S/S Stove, Built-In Dishwasher, Washer, Dryer, Swing Set And Gazebo In Condition. Crawl Space Has Spray Foamed Insulation Added On Walls.

531 Simcoe St N. Oshawa

531 Simcoe St North, Oshawa

Only $625,000

A home with a lot of heart, in one of Oshawa’s most desirable areas. Walking Distance to Dr. SJ Phillips and O’Neill High School. This jewel of a home features 3 bedrooms, 1.5 baths, a formal dining room with built-in shelving, and main floor family room that is full of Charm and Character. Beautifully Renovated from top to bottom including newer kitchen, baths, doors, decking, flooring, windows, furnace, CAC, shingles and flagstone walk-way.  Special Features: 2 staircases’s to upper level.  Main bath features 2 sinks, Glass shower, claw tub and electric fireplace on wall. Three good sized bedrooms.  A real stunner. Unbelievably priced at $625,000.

 

 

 

 

 

Can You See What Your REALTOR Sees in this Neighbourhood?

REALTORS® have their fingers on the pulse of the market. They know the questions to ask, the areas to probe and what to look for so that you get a complete picture of the property and community you’re considering. They can also identify the complex financial and legal issues involved in a real estate transaction.

Can you see what your REALTOR sees in the rural property?

REALTORS® have their fingers on the pulse of the market. They know the questions to ask, the areas to probe and what to look for so that you get a complete picture of the property. They can also identify the complex financial and legal issues involved in a real estate transaction.