Tag Archives: Real Estate

Cool Reception to Spring Market

The Toronto Real Estate Board (TREB) confirmed that both the number of home sales and the prices of sold homes plunged in March, as compared to results from one year earlier.

The average home price dropped from $915,126 in March 2017 to $784,558 this past March, while the number of sales dropped to 7,228, a 39.5 percent year-over-year decline from the March 2017 record of 11,954 residential transactions. Detached home sales, which generally represent the highest price points in a given area, declined much more than other home types.

TREB President Tim Syrianos explains, “The effects of the Fair Housing Plan, the new OSFI-mandated stress test and generally higher borrowing costs have prompted some buyers to put their purchasing decision on hold.”

Jason Mercer, TREB’s Director of Market Analysis, adds, “Right now, when we are comparing home prices, we are comparing two starkly different periods of time: last year, when we had less than a month of inventory versus this year with inventory levels ranging between two and three months. It makes sense that we haven’t seen prices climb back to last year’s peak. However, in the second half of the year, expect to see the annual rate of price growth improve compared to Q1, as sales increase relative to the below-average level of listings.”

Is it the right time for you to buy or sell? Please call today for the latest market activity in your specific area of interest.

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

Container Gardening Upgrades for a Fresh Spring

While prepping for gardening this spring, go through some of your old pots and containers. #cbrmr

If you’re a gardener, you most likely have some old pots and containers in your garden shed or even your garage. And you probably didn’t get rid of them because you figured you might have a use for them eventually. While prepping for this spring, instead of buying replacements pots and containers, go through the ones you already have stored. With a little imagination and some supplies, your pots will look better than new in no time!

Clay Pots

A good clay pot can be expensive and if dropped, the fall can put a decent size crack in it. If it’s chipped or broken but is still durable, here’s what you can do to fix it:

  • You’ll need all-purpose joint compound, spray paint or textured spray paint in a desired color, and fine-grained sandpaper. Clean off the damaged area with the sandpaper. Remove any loose clay as you’re sanding and carefully blow on it to remove the dust. This will let you get a good bond when filling it in.
  • Next, using the joint compound, fill in the cracks using a popsicle stick, spreading both inside and outside the pot. Make sure the cracks are well-covered. It dries relatively fast, so spread and smooth it out as you go. It can also be sanded down later if it’s not super smooth. If needed, add more layers until it’s filled. Let it dry for 24 hours and run the sandpaper over it to smooth it out one last time.
  • Seal the pot with the spray paint or textured spray paint, let dry, and it’s good to go.

Plastic Pots

Plastic pots are another type of container commonly used for gardening. The problem with these containers is that the weather can cause them to weaken, discolor, and sometimes crack. Have no fear, these containers can easily be fixed and your favorite plastic container can be used time and time again.

  • For this you’ll need clear gorilla tape, spray paint, textured stone paint, and fine-grain sandpaper. First, lightly sand all the areas which you’re planning to tape, so the tape has a good grip when applied. Be sure to remove all the dust from the surface of the pot. If you don’t, when you use the gorilla tape, it will form bubbles because it won’t seal. If you apply some rubbing alcohol before applying the tape, the surface will be clean.
  • Next, tape both sides of the crack with strips of gorilla tape. Rub it firmly to get a good seal but don’t use more tape than you need. For edges or curves, use small pieces, that can overlap about a ¼ inch. Try to avoid forming air bubbles.
  • Finally, spray the pot with the base paint and then spray it in thin layers with stone texture paint. Allow each coat to dry thoroughly. If the paint bubbles, let the paint cure for 24 hours. Spray it with the textured paint if desired for a different look.

Repurpose With a New Design

You can also repurpose an old pot with designs, like adding a mosaic design. You’ll need a terracotta pot, some broken tile pieces, pot shards or vase filler chips, spray paint and glue. Paint the pot with the spray paint and let dry, then gently glue the tile, shards or chips on one by one in the design of your choice.

You can also add a new design by using lace on a pot or container. All you’ll need is lace of the color of your choice and transparent adhesive. Varnish the pot with the adhesive and paste the lace over it. Let dry and use as desired.

As you can see, upgrading your container and pots for spring can be both fun and easy. What ways have you revamped old containers?

Effective Improvements for a Faster Sale

You have decided to sell your home, and you are eager to sell it ASAP!   Here are some of the best ways to efficiently and effectively improve your home for a speedy sale.

First, curbside appeal.  This is the first thing every potential buyer sees so make it stand out!  Some suggestions:

  • Hire a gardener to clean and spruce up the front entrance
  • Remove superfluous items from the front of your home, i.e. garbage cans, strollers, etc.
  • Put a fresh coat of paint on your home’s front door.

Second, this is the time to clean and eliminate all clutter inside your home.  Here’s how:

  • Give away or store extra toys, clothes, and anything else that makes it look crowded or disorganized
  • Organize the kitchen countertops and closets
  • Place bulky items in storage

Third, landscaping matters.  A large yard cannot shine if the plants, grass and trees are in bad shape.  Try the following ideas:

  • Make sure the grass is mowed and driveway and walkway clear of snow
  • Plant or hang fresh flowers if its summer

Fourth, look under the hood.  Make the inside of your home look as good as possible.

  •  This is the time to do some of the minor repairs you have been putting off.  This will make your home look better and may eliminate certain issues during the Inspection Period.
  •  Yes, it seems expensive or time-consuming.  However, if you hire a handy person, this can truly make the difference and get you more money in less time.

Finally, hire a professional, licensed  full time realtor like “The Mash Team”.  We are realtor’s with experience and expertise that can help sell your home quickly for the best price. #cbrmr

Best of luck!

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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433 Ritson Rd. N. Oshawa

Exceptionally Good Value!

$375,000

Open House March 24th & 25th  2 pm-4 pm,

Plant your roots here. Live your dream in this 2 bedroom detached home with formal dining room, living room walk-out to patio, custom designed kitchen with SS appliances, granite counter, under cabinet lighting, pot lights and subway tiles. Added features include a terrific finished basement with wet bar & R/I for future bath, pot lights, utility/laundry room, plus modern main floor bathroom with glass shower doors, and all this within minutes of shopping. Spoil yourself. $375,000.

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Chill Continues Throughout Market

The Toronto Real Estate Board (TREB) announced a drop in sales of almost 35 percent in February, as the average selling price fell more than 12 percent to $767,818.

Although there were more than 7 percent more new listings entered into TREB’s MLS® System in February 2018 over the same month in 2017, TREB President Tim Syrianos reported just 5,175 residential transactions in February 2018, compared to the record 7,955 sales reported in February 2017.

“When TREB released its Outlook for 2018, the forecast anticipated a slow start to the year compared to the historically high sales count reported in the winter and early spring of 2017. Prospective home buyers are still coming to terms with the psychological impact of the Fair Housing Plan, and some have also had to re-evaluate their plans due to the new OFSI-mandated mortgage stress test guidelines and generally higher borrowing costs,” said Mr.Syrianos.

Price-wise, the apartment and townhouse market segments has annual benchmark price increases of 18.8 percent and 7.5 percent respectively, helping to support the TREB market area as a whole. In fact, Jason Mercer, TREB’s Director of Market Analysis, adds he expects stronger price growth to continue in the comparatively more affordable townhouse and condominium apartment segments.

Are you thinking of making a move this year? Please call today for the latest local market update and for assistance in navigating today’s ever-changing real estate market. #cbrmr

Spring Selling Checklist

With spring selling season around the corner, it’s time to give your home the boost it needs to meet today’s buyer expectations.

Guest post by Patti Stern

With the early spring selling season kicking off shortly after the new year, it’s time to give your home the boost it needs to meet today’s buyers’ expectations. Take advantage of being inside during the cold winter months with these quick fixes that will help your property stand out from the competition, boost its value and sell quickly.

Declutter & Organize

Start tackling one room at a time by packing up anything that will distract buyers from seeing the unique features of your property such as personal collections, family photos, newspapers, books and magazines. Rearrange and remove excessive furniture to simplify and make the room appear larger.

Make Basic Repairs & Updates

Make sure everything is in good working condition. Repair and replace broken light switches, bulbs, ceiling fans, door knobs, leaky faucets, shower heads, windows, thermostats, etc. Update lighting fixtures with contemporary styles and consider replacing older kitchen appliances with sleek, eco-friendly models to capture young buyer interest.

Refresh and Brighten With Paint

Remove wallpaper and cover bold wall colors with a fresh coat of neutral paint to set the perfect backdrop for simple, updated styling. Give older style kitchen cabinets or wood vanities an instant facelift by covering with bright white or dark espresso paint. Then pair with knobs and drawer handles in brushed nickel or satin brass for an elegant finishing touch.

Fresh Flooring

There is nothing that dates a room more that worn, soiled carpeting. Remove and/or replace carpeting to reveal hardwood flooring underneath to instantly brighten and make the room feel more spacious. There are also many budget-friendly, easy to install options on the market now for replacing damaged flooring such as laminate and vinyl that look and feel just like wood.

Add Storage Options

Today’s buyers are looking for plenty of storage. Added storage solutions such as built-in bookshelves, window seats with storage underneath, entry storage units, and extra closet hooks and rods are a practical way to attract immediate buyer attention.

Partner With a Pro

Consult with the Mash Team and we can recommend a professional stager who will have an objective eye and knowledge of what appeals to today’s sophisticated buyers. They will provide a range of solutions for enhancing your home showings by recommending everything from furniture placement to wall color to complementary modern accessories to add clean, welcoming style.

At First Glance

A positive or negative first impression makes all the difference when you’re showing your home, so make note of these tips to help you create the best initial reaction possible for potential homebuyers.

Show your home in its best light. Dark rooms strike the eye as being smaller than they really are, so maximize neutral light in your home by throwing open all your window coverings during the day. Also, make sure all your light fixtures are turned on, and consider (temporarily) switching out low-watt bulbs for some with higher wattage, to brighten rooms even more.

Tone it down. Bold colours are difficult for buyers to see past and busy pattterns are visually distracting, so tone down and neutralize: repaint those loud walls, tear up that busy carpet and tear down that dizzying wallpaper.

Kick clutter to the curb. Like darkness, clutter tricks the eye into thinking spaces are smaller than they are, and like loud colours and busy patterns, it’s distracting and hard to see past — not to mention it can cause buyers to wonder what else is being neglected in the home.

Create the illusion of more space. Open up your closets and have a look. Now remove half their contents. Do the closets look bigger to you? They will to buyers, as well. Another easy trick to visually open up spaces is to strategically place mirrors in small areas like foyers, hallways and anywhere they’ll reflect natural light.

Consider suggestions from your real estate sales representative, who has the experience of seeing what works in today’s marketplace! @cbrmr