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October's Newsletter
1. Recine Team Report
Compliments of Melanie & Fabio RE/MAX Premier Inc., Brokerage
Strong Home Sales Continue in the GTA
Real estate sales typically slow With market conditions remaining
down in the summer, but a look at tight in the GTA, the average selling
final sales figures from this past price continued to grow strongly
summer in the Greater Toronto in August – up by more than 10
Area revealed otherwise. percent year-over-year to $451,663.
Greater Toronto REALTORS® “We remain on pace for the second
reported 7,542 sales through best year on record for sales.
Melanie Maranda Recine & the Toronto Multiple Listing Approximately 90,000 transactions
Fabio Recine Service® in August – a 24 percent are expected by the end of
Sales Representatives increase over the 6,083 sales in December,” said TREB’s Senior
"It's your call August 2010. New listings rose Manager of Market Analysis, Jason
Call Melanie and Fabio" correspondingly to 12,509 – a Mercer. “Major home ownership
20 percent increase compared to costs, including the average
RE/MAX Premier Inc., Brokerage August 2010. monthly mortgage payment,
9100 Jane Street, Bldg. L, Suite #77 remain affordable despite the
Vaughan, ON L4K 0A4 “Home sales in the GTA have stood up strong price growth experienced
well despite a less certain economic so far this year.”
Office: 416-987-8000 outlook,” said Toronto Real Estate
Fax: 416-987-8001 Board (TREB) President Richard Silver. Whether you’re looking to buy
Direct Melanie: 647-836-4062 “Home sales will be bolstered by low or sell, you’ll certainly benefit
Direct Fabio: 416-828-5441 mortgage rates moving forward. The from knowing the most recent
mmaranda96@hotmail.com Bank of Canada is expected to be on market news in your area of
frecine@trebnet.com the sidelines until the second half of interest. Please call today for
www.RecineTeam.ca 2012 or even into 2013.” the latest updates!
Greetings! You’re receiving this
newsletter with hopes that you find it SAleS & AverAGe PriCe By MAjor HoMe TyPe AuGuST 2011
informative and entertaining. SALES AvERAGE PRiCE
416 905 Total 416 905 Total
If you’re thinking of making a move, or
Detached 892 2,597 3,489 $648,491 $531,458 $561,379
are just curious as to real estate trends
in your area, please feel free to call at Yr./Yr. % Change 35% 24% 27% 10% 10% 10%
any time. It’s always good to hear Semi-Detached 281 541 822 $488,866 $373,990 $413,260
from you!
Yr./Yr. % Change 12% 30% 24% 5% 9% 6%
Best wishes, Townhouse 303 779 1,082 $377,807 $337,512 $348,796
Melanie and Fabio Yr./Yr. % Change 18% 11% 13% 7% 10% 9%
Condo Apartment 1,393 593 1,986 $364,437 $270,740 $336,460
Yr./Yr. % Change 24% 28% 25% 11% 8% 10%
Courtesy of the Toronto Real Estate Board.
TREB
Each office is independently owned and operated.
Volume 7, Issue 10
2. say “Ahhhhh…”
As life grows increAsingly stressful, people Are increAsingly viewing their homes As retreAts
— And decorAting them As such. BAthrooms Are often A primAry focus, And the trend todAy
is to design A spAce devoted to relAxing And rejuvenAting. Below Are tips to help you creAte
A spA-inspired BAthroom. you won’t Be the only one who’ll AppreciAte the results — spA-like
BAthrooms Are A turn-on for homeBuyers.
n Paint. Color helps establish a room’s atmosphere and n A new showerhead. Swap out your standard model for
affects our moods. Activating hues — reds, oranges and one that mimics the sensation of rain or a waterfall, one
yellows — are not what you want in your home spa. that’s handheld with massage settings, or even one with
Opt instead for earth tones and cool shades: soft blues, LED lights. But why settle for one showerhead? Multiple
greens and purples, as well as taupes. Such passive wall-mounted heads that spray water at you from the
colors are most calming to our senses. side are a luxurious option.
n Heated flooring. Stepping on cold tile first thing in n Ambient lighting. While you need task lighting in
the morning or after a bath isn’t very comfortable. your bathroom so that you can take care of personal
Your bathroom is a great place for a splurge, as it’s a grooming, mood lighting is essential for establishing
relatively small area to cover, making the luxury of a spa-like atmosphere. A dimmer switch will do the
heated floors more affordable here than it would be in trick, as will a decorative table lamp on your vanity, and
almost any other room in your home. (aromatherapy) candles strewn about the room.
n Whirlpool tubs are a spa-bathroom staple, but not always n Soothing sounds. With portable MP3 players, it’s easier
an option. Luckily, you can turn almost any standard tub than ever to soak away the day’s stresses to the tranquil
into a whirlpool with relatively inexpensive accessories tracks of your favorite light jazz, classical, or sounds-
like spa bath mats, which sit on the bottom of the tub of-nature playlist. Or, forego the music and outfit your
and produce bubbles, and bubble jet massagers, which home spa with a decorative tabletop fountain so you
attach inside the tub with suction cups. can listen to the pacifying babble of water.
n Towel warmers. Choose from stand-alone racks you n The little touches. Soft, high-quality towels to pamper
simply plug in, wall-mounted racks that integrate into the skin; some greenery (go for bamboo in rocks for a
your home’s wiring, or – the height of extravagance – Zen look); an anti-fog mirror; a bathtub caddy — the
warming drawers that integrate seamlessly into your kind that has a book support and beverage holder.
cabinetry. They’re great for keeping your towels from It’s often these little touches that go the longest way
getting musty, and for drying delicates. toward making you feel indulged.
2
3. SHow Ready
How you live in your home when it’s on the market
is different from how you normally live in it. If you’re
serious about selling, you need to be prepared for
buyers’ eyes at all times. Consider following these
tips to keep your home in show-ready condition.
n Don’t smoke indoors or cook food with strong odors. Take
out the trash every morning. Keep your home smelling
good with essential oil diffusers or light-bulb rings.
Table Talk
n Make some rooms “off limits” for your own family
until your home sells. If you can avoid using your
dining room, formal living room, guest room or spare
bathrooms, for example, you’ll have less cleaning to do.
Negotiating the purchase agreement is arguably
the most challenging aspect of buying a home, n Consider hiring a cleaning service before listing your
particularly in markets that favor sellers. To home, perhaps on an ongoing basis until it sells. All
you’ll have to do is light maintenance after they leave
strengthen your position at the negotiating table,
or between professional cleanings.
consider the following advice.
n Keep a storage container, basket or bag handy.
n Come to the table having already been pre-approved When you get last-minute calls for showings, throw
for a mortgage. A buyer who’s pre-approved is one everything that’s not in its designated place into your
with leverage, and creates a greater chance of a faster “clutter catch-all,” and then stow it out of sight.
and smoother transaction. The seller won’t have to n Stash disposable cleaning wipes under your kitchen
wait long for you to obtain financing, nor worry that and bathroom sinks so you can quickly wipe down all
the deal will fall through altogether because you the surfaces in those rooms when you’re done in them
didn’t qualify for financing. with just one product.
n Selling your current home before buying a new one n Keep small containers in bathrooms to house toiletries
has its advantages. Do so and you’ll be in a position when not in use and hide them in the vanity. Have two
to make a cleaner offer to sellers — that is, an offer sets of towels: one for displaying, another for daily use
not conditional upon having to first sell your home. (kept hidden).
And in sellers’ eyes, a buyer who can make such a n Showings aren’t likely to happen early in the morning
contingency-free offer is more attractive than one or after about 8 p.m., so take advantage of these times
who can’t. to take care of chores like dishes, dusting, vacuuming
and tidying.
n Work with a real estate sales representative. At the
negotiating table, information is power — and your
real estate sales representative is armed with all the
information you need to come out on top, such as the
selling prices of comparable homes. Also, checking
your emotions at the door is key to a successful
negotiation, and your representative can help you
do just that.
n Don’t put all your eggs in one basket. Make sure
you have options, other properties you’d just as
happily bid on — again, something a real estate sales
representative can help you with — so you don’t
find yourself suffering from “the one” syndrome and
desperate at the negotiating table. In other words, be
ready to walk away.
Volume 7, Issue 10 3