Category Archives: The Mash Team

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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5 Steps to a Successful Sale

Sellers who want to sell their home in the quickest time possible, at the highest possible price, will want to review these steps with their real estate sales representative for an optimum sales experience!

1. Declutter, clean, stage. You’re going to have to completely clear out of your place when you move anyway, so it makes sense for you to deal with all your “stuff” well before you put your home on the market. Once you’ve removed all your personal mementoes and thrown out or packed up as much as you possibly can, clean until it gleams. In fact, consider having the home professionally cleaned — fresh carpets and sparkling windows can cast a positive light on every room. Remember, the more move-in-ready the home looks, the more appealing it will be in relation to the asking price, resulting in a quick closing. Finally, talk to your real estate sales representative about staging services to add the “wow” factor in elevating your sales appeal!

2. Paint and repair. Every home has small quirks and repair jobs that we know we need to fix at some point, but just haven’t gotten around to, as well as walls that would benefit from a fresh coat of paint. Consider this the time to roll up your sleeves and tackle any small DIY repairs, or call in the pros for the bigger paint jobs and repairs. Prepare to be amazed at the difference that a few coats of fresh, neutral paint make in buyer-appeal.

3. Price it right. This is where dealing with an experienced real estate professional is crucial. In addition to analyzing the distinct features of your property, your real estate sales representative can show you a comparative market analysis, which will confirm the prices of similar, recently-sold properties, and help determine a price that works for your specific home within the current real estate environment. Remember that sentimental value doesn’t add up to dollar value, so be wary of over-pricing based on how you feel about the home, or in fact how much you have spent in renovations, as you won’t necessarily get your dollar value back in all cases.

4. Market it right. Follow your real estate representative’s lead on what goes into an appealing listing, and work together to ensure all the special features of the home and its location are detailed. Ensure the professionally-worded listing materials are supported with high-quality visuals of both the inside and outside of the home.

5. Step back and let your representative do their thing. Make yourself — and the rest of your family (including your pets) — scarce during open houses and showings. As much as you would love to be a fly on the wall, potential buyers simply don’t feel comfortable taking the time they need and asking the questions they want when the homeowner is within earshot. Make it easy for the home to be shown by keeping your place in show-ready condition and having a plan to quickly vacate for an hour or more should you get a call that an interested party wants to view your property with short notice.
http://www.TheMashTeam.ca   #cbrmr

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

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

Painting Perfection, For Less!

There’s nothing that can change and refresh the look of a room faster and as cost-effectively as a fresh coat of paint. While big jobs, high ceilings and tight deadlines may necessitate the services of a professional painter, there are many other instances that are conducive to a successful DIY experience.

Here are some tips to save the do-it-yourself painter both time and money!

  • Use flannel-backed vinyl tablecloths from the dollar store as drop sheets — they’re fairly durable, so they can typically be used multiple times. Place the tablecloths flannel-side up so that any paint drops landing on the tablecloth get absorbed cleanly.
  • Save time on messy roller pan cleanups by lining it with a plastic grocery bag (turn it inside out if there’s any paint drops on the bag). When you’re done painting, simply remove the bag by turning it inside out, and discard it cleanly.
  • Invest in high quality paintbrushes. Buy good brushes now, clean them properly and they will pay for themselves not only in the quality finish they’ll create, but in the number of times you’ll be able to re-use them.
  • Using the same brushes and rollers again the next day? In-between coats, simply wrap them in foil, then store in plastic bags overnight.
  • “Expensive” paint doesn’t necessarily mean “better” paint. Store brands can provide the same great quality as designer brands, without the steep price tag. Be sure to check out the “mis-tint” shelf at paint stores too. They often sell paint that was tinted to a shade not acceptable to a customer, so these otherwise perfect cans of paint are offered to the public for a fraction of the original retail price. #cbrmr

8 Clever Ways to Store Books Around the House

Although reading books can seem like a long lost art in the days of digital devices, there still remains something special about the smell of a brand new novel and being able to flip through physical pages. For dedicated bookworms with cherished collections, it can be a struggle to store and display your favorites without a dedicated home library. Follow along for eight ways to stylishly integrate books into any room in the house.

In the Kitchen

This is not just limited to cookbooks. Any books you’ll want to read over a good meal or while waiting for the oven to preheat are just as applicable. There are many ways to add a homey vibe to your space by installing open shelves beneath a kitchen island or along a blank unused wall. Just make sure to keep the books away from appliances so the pages and binding don’t get damaged by heat.

 

In the Bedroom

As we venture further into fall and winter, many bookworms will want to curl up under the covers with a hot cup of cocoa and a new novel. Keep your reading list at arm’s reach by storing books along a windowsill or stack them up in a corner of the room. For a more permanent solution, buy a new headboard or nightstand with built-in storage.

 

In an Unused Fireplace

Fireplaces make a lovely focal point in many living rooms, but can be a hassle to maintain and use. You can breathe new life into this space by cleaning it thoroughly and stacking books in the empty space. The different bindings will create visual interest and bring color to the previously black abyss.

 

In the Bathroom

One of life’s luxuries is being able to read a good book in a relaxing bubble bath at the end of a long day. This can be done by building recessed shelves above a freestanding tub. For renters, there are plenty of budget-friendly over-the-toilet storage cabinets that accomplish the same purpose. Be sure to take proper precautions against warped pages caused by moisture with an exhaust fan.

 

Above a Desk

In many home offices, the space above the desk goes largely unused. Simply look up for more space. You can create a home for a decently sized collection of books by installing open shelves above your computer all the way up to the ceiling. The transitional Philadelphia space shown here illustrates the idea nicely.

 

Under the Stairs

If you still haven’t found the right fit for what to put in that little nook under the stairs, look no further. Bring in an asymmetrical or diagonal bookcase to house your collection or carve out an alcove to recreate a Harry Potter vibe. Bring in a comfy chair or cushions and you’ve got the perfect personal hideout space for the season.

 

Around an Entryway

This one requires the expertise of a skilled woodworker or architect. Frame any doorway in your home with a gorgeous collection of novels that surround it left, right and above. Add a rolling library ladder to reach the highest shelves and bring rustic charm and character to any space, as seen here.

 

In Your Front Yard

If you’re really unable to squeeze any more space out of your home to store books inside, consider moving outdoors for a unique solution. The Little Free Library is a nonprofit organization that seeks to bring communities together and share books with one another through a house-shaped box in their front yard. Fill it with a few of your favorites that you’re willing to share and encourage your neighbors to take one, leave one of their own or both. Although this is not quite a storage solution, it’s a great way to connect with your community and discover new reading material.

Household Tip: The Power of Three

There’s a decorating guideline that dictates that things displayed in odd numbers, with “3” often being the go-to number, adds depth, looks more natural, and makes arrangements more visually appealing than even-numbered groupings.

Three isn’t considered a crowd when it comes to arranging furniture, displaying artwork on walls or positioning contents on a tabletop. In fact, even adding a third colour to a room can change a flat design into something that feels more welcoming. For example, you may follow the 60/30/10 equation when choosing room colours, where 60% is the main room colour, 30% is the secondary colour and 10% is the accent colour.

Lighting arrangements also benefit from the power of three. Most rooms need to be lit by one ambient light, along with task lighting and then accent lights, all of which work together to result in a balanced and practical combination.

 

Aging in (Your) Place

With an estimated 11,000 North Americans turning 65 every day, it’s safe to assume that more and more conversations are turning to housing considerations that will accommodate the aging population.

As baby boomers approach and then reach their magical retirement age, a number that fluctuates dramatically depending on individual health and financial status, they’re starting to view their living arrangements through a different lense.

Is it time to downsize from a bigger house to one with fewer stairs, or perhaps into a condo? Or from a condo in a family building to another condo in a different area, with amenities more suited to your changing needs and interests? Should you sell your existing home and move into a retirement home? Or should you stay in your existing home and renovate it to allow you to age in place?

Aging in place refers to staying in the home of your choice, for as long as you are able to. This involves looking at your home with a critical eye, starting with the practicality of simply getting in and out of your front door easily and safely. Consider if the existing structure can be modified, and if so, if the cost and upheaval resulting from the renovations would even be worthwhile.

Here are some projects to consider, whether it makes sense to implement them in your existing home, look for them in a new home, or apply them in a new, downsized property:

  • Move the master bedroom to the first floor.
  • Add a bathroom to the first floor.
  • Add grab bars in the bathroom, along with a bench in the shower, and a higher toilet or an elevated toilet seat. A walk-in tub may also be an option.
  • Widen doors to allow for walkers and wheelchairs. Also consider width of hallways.
  • Replace stone/tile with carpet/wood.
  • For properties with stairs, install a lift chair/ stair glide system.
  • Add lever-style doorknobs.
  • Include more automation in the home, from a programmable or voice-activated lighting system and thermostat to smart fire detection and security systems. Install doorbells, smoke detectors and carbon monoxide alarms that turn on lights when they’re activated, in case you don’t hear the alarms go off.
  • Modify storage with pull-out shelves, also referred to as roll-out, glide-out or slide-out shelves, that allow easier access to deeper spaces for clothing, food and other belongings.
  • Add extra lighting for increased visibility and security.

Of course, the outside of your home should take into account any current or possible future mobility issues, from the width of the front door, to the stairs going from the entrance to the street, to the need for railings and ramps, to the condition of the concrete or ground surface and accessibility to transportation from there.

If you can’t remodel your current home to allow you to age in place safely and comfortably, or if the cost and process of renovating to get to that point is prohibitive, it may be time to move. When discussing your decision with your real estate sales representative, be sure to be clear about your wants and needs for your next home.

Remember, for every homeowner needing to downsize, there’s a new family anxious to fill those rooms with another generation’s worth of adventures and memories. #cbrmr

Investing in Curb Appeal

Thinking of renovating your home, either for yourself or to add head-turning sales appeal for potential buyers? Consider your return on investment (ROI) before you get too far.

On average, Canadian homeowners plan to spend about $16,400 on their home renovations*, so it’s important to ask yourself how long you plan to stay in your home after your renovation project. If you’re simply looking to freshen it up in order to put it on the market, you’ll be looking at your projects in a whole different light than if you’re planning to stay in the house for a few more years.

While the Appraisal Institute of Canada notes that kitchen and bathroom renovations can receive a 75% to 100% ROI, they also suggest homeowners not underestimate the value of inexpensive upgrades, noting that light landscaping or gardening, a fresh coat of paint, modern lighting fictures, or even upgraded door handles can give a home an updated look and feel, without spending a lot of money.

The spring real estate rush is on, so if you’re thinking of putting your house on the market, you may want to focus first on renovation projects that reflect prominently on a home’s curb appeal, enticing potential buyers to want to see more. Quick and simple tasks like painting your front door, mowing the grass, giving the yard a good tidying up and arranging bright flowers in outdoor containers go far in creating impressive curb appeal. #cbrmr