April/May 2015 - Peter Oddi-Royal LePage Meadowtowne Realty

$298,900
$524,900
• Lowest priced detached home in Georgetown/Norval
• Character home with 3 bedrooms, vaulted ceilings & private backyard
• L-shaped lot, landscaped with interlock walkway & rock garden
• Can also be used for Bed & Breakfast, daycare and home business
• 3,922 sq ft bungalow on park-like 2.7 acres
• 3+1 bedrooms, 3 baths, large country kitchen with granite
• Family room with fireplace, dining room with French doors
• Master with walk-in closet, sitting area & 5 piece ensuite
• 3+2 bedroom, 4 bath home - finished top to bottom
• Private entrance to finished lower level, 2 walkouts
• Regal family room with grand archway
• Huge deck with glass panels and rustic views
$469,900
$459,900
$447,900
$482,900
GREAT LOCATION
• 5 bedroom all brick family home with 3 full baths
• 3,156 sq ft, laundry room & hardwood on main floor
• Large kitchen with S/S appliances and movable island
• Main floor family room and large breakfast area
The ODDI Realty Report
April - May 2015
Compliments of Peter Oddi and Sarah Oddi, Your Georgetown, Mississauga & Milton Real Estate Connection
FREE HOME EVALUATION
EMPIRE COMMUNITIES
SO
PIE SHAPED LOT
BUNGALOW
LD
$485,000
BUNGALOW
SOLD & RETAINED
ONE OF THE HIGHEST
RESALE PRICES IN
WYNDFIELD WEST!
• Immaculate 4 bedroom home with upgrades galore
• Resort like saltwater fibreglass inground pool with stamped concrete
• Maple kitchen with granite counters, family room with fireplace
• Master with 4 piece ensuite & walk-in closet, fully finished basement
• One year new home on premium pie shaped lot
• 2,191 sq ft of living space & large unfinished basement
• Kitchen with quartz counters, living room with fireplace
• Large loft and 4 piece bath, master with 5 piece ensuite
• Stunning 1,995 sq ft 4 level backsplit with 3+1 bedrooms
• Three 4 piece baths, upgraded Oak kitchen, new hardwood floors
• Great room with vaulted ceilings, master with 4 piece ensuite
• So many features - Backing onto greenspace with incredible views
• Better than new 2,800 sq ft home on a premium deep lot
• Rare 5 bedroom, 4 bath home with many upgrades
• 9’ ceilings, modern décor, oak stairs & high end laminate floors
• Upgraded kitchen, master retreat with His & Hers walk-in closets
$429,900
$379,000
$369,000
$364,900
• Stunning 3 bedroom, 3 bath home with $50,000 in upgrades
• Open concept with 9’ ceilings & new 18 x 24 deck
• Eat-in kitchen with S/S appliances, huge centre island & more
• Living room with coffered ceilings, gas fireplace, massive master
• 3 bedroom, 3 bath newer construction in quiet neighbourhood
• Walkout basement, large living room with hardwood floors
• 2 story ceiling open to kitchen & eat-in area with access to deck
• Modern kitchen with ceramic tile, upgraded counters & S/S appliances
WIDE LOT BUNGALOW
• Lovely 4 bedroom brick home is sought after area
• Large lot with mature trees - close to walking & biking trails
• 4 level sidesplit with many upgrades including hardwood floors
• Close to amenities including 2 schools & great shopping area
FIND OUT HOW MUCH
YOUR HOME IS WORTH
GEORGETOWN • MILTON • MISSISSAUGA • ACTON • ERIN
“Our areas of expertise to help serve you better.”
Market Values have Increased Significantly since
this Time Last Year
Making This the Perfect Time to Sell!
• Impeccable 3+1 bedroom, 3 bath bungalow - move in ready!
• Open concept living space with ceramic & hardwood floors
• Modern kitchen with gorgeous backsplash & breakfast bar
• Huge rec room, master with 4 piece ensuite & walk-in closet
*For Your FREE & Quick*
Home Evaluation, Call Us Today
416-881-4630
FREE HOME EVALUATION
FIND OUT HOW
MUCH YOUR
HOME IS WORTH
GEORGETOWN • MILTON • MISSISSAUGA • ACTON • ERIN
“Our areas of expertise to help serve you better.”
**
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ODDI
BROKER/SALES REPRESENTATIVE
Office: 1-866-821-3200 •
Direct: 416-881-4630
peter@homelooker.ca
YEARS
SINCE 1913
Mississauga Branch Office
6948 Financial Drive
Mississauga, ON L5N 8J4
Georgetown Branch Office
324 Guelph Street
Georgetown, ON L7G 4B5
Milton Branch Office
475 Main Street
Milton, ON L9T 1R1
TORONTO, April 7, 2015 – Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area Realtors®
reported 8,940 sales in March. This result represented an 11% increase compared to March of 2014. Sales were up for most major home
types, both in the City of Toronto and the surrounding regions. New listings were also up, but by a lesser 5.5%, indicating tighter market
conditions.
In March, the average selling price for all reported transactions was $613,933 - up 10% year-over-year. The MLS® HPI Composite Index,
which tracks benchmark homes with the same attributes from one period to the next, was up by 7.9%. Average price growth was strongest
for detached homes in the City of Toronto, at 15.9%.
**
PETER & SARAH
www.homelooker.ca
SALES AND PRICE UP YEAR-OVER-YEAR IN MARCH
Top 3% in Canada
For a Confidential Consultation of
Your Real Estate Needs, Call
Top 3% in Canada
Royal LePage Meadowtowne
PETER & SARAH
ODDI
**
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2013 & 2014
BROKER/SALES REPRESENTATIVE
Office: 1-866-821-3200
Direct: 416-881-4630
Results that will move you!!!
www.homelooker.ca
NOT INTENDED TO SOLICIT PROPERTIES ALREADY LISTED FOR SALE OR BUYERS UNDER CONTRACT
IT’S A SELLER’S MARKET!
Detached Homes Prices
in Toronto Soar Past
$1,000,000
It’s not even close anymore, Canada’s largest housing
market is clearly in sellers’ territory, the Toronto Real
Estate Board said Tuesday.
The Greater Toronto Area had 8,940 sales in March, an
11% increase from a year ago. The average sale price of
all housing types across the GTA reached $613,933
while the average price of detached homes in the city of
Toronto rose 15.9% from a year ago to $1,042,405.
“It is clear that sellers’ market conditions in many parts of
the GTA are driving price growth. However, looking at the
detached market segment in the City of Toronto in particular, growth in the average selling price outstripped
growth in the [board’s index],” said Jason Mercer, TREB’s
director of market analysis, in a statement. “This points
to the fact that the mix of detached homes sold this year
compared to last has shifted towards more expensive
properties.”
The strength in Toronto’s housing comes as most of the country is seeing a pullback in sales and prices with the exception of Vancouver, the country’s
most expensive market. The Real Estate Board of Greater Vancouver reported a 53.7% jump in sales in March, which were 26.7% above the 10-year
average for the month. The average detached home in the Vancouver area sold for $1,406,426 in March.
As the two cities continue to show strength, the sales volume is likely to put more pressure on the average national price. This month Canada Mortgage and Housing Corp. increased premiums on mortgage default insurance for people with less than a 10% down payment, a move some say was
aimed at Canada’s two hottest markets. Paul Etherington, president of the Toronto board, said home ownership remained affordable thanks to lower
interest rates. On Monday, Toronto-Dominion Bank lowered the rate on its five-year fixed rate mortgage to 2.74% — the lowest ever in that category for a major bank.
“A substantial amount of pent-up demand remains in place, especially as it relates to low-rise market segments. This suggests that strong competition
between buyers, which has fuelled strong price growth so far this year, will continue to be experienced throughout the spring,” said Mr. Etherington, in a
statement.
TIPS ON WINNING A BIDDING WAR
Whether you are a first time buyer, looking for a bigger home, or downsizing, investing in real estate is a smart
decision – but only if you do it wisely. Bidding wars, unfortunately, may be here to stay, so here’s some advice
that may help you to secure your next property.
1. Crunch the Numbers One of the most important elements in the process of buying a home, particularly if
you enter a bidding war, is getting pre-approved by your bank or mortgage company so you know exactly what
you can carry - and how high you can go in your offer.
2. Do your Homework Buying a property is the most expensive financial decision most people will ever make
in their lifetime so spending time to research the neighbourhood is so critical. There is so much emphasis on
house inspections, and there should be, but the same amount of care should also be spent checking out local schools, transportation links, parks, crime rates,
medical offices, family activities, seniors programs, daycares and even future housing developments.
3. Nail the Timing Try to get into properties on a Wednesday so you can put in an offer on Thursday and avoid the weekend open house competition - or
before they are on MLS. By beating out the weekend competition, you might not have to enter into a bidding war. There’s no law that states that you can’t make
an offer before the official offer date and a good agent should send you properties as soon as they are available and preferably before they go public.
4. Pick the Right Agent Having an agent who has your best interest in mind is key to winning a bidding war. Your job as a buyer is not to seal the deal, it’s your
agent’s job and they need to know what your limit it is – and respect it. If your agent tries to up sell you on the price and encourage you to go beyond your budget,
it’s time to find a new agent.
5. Keep your offer clean Surprisingly, not everyone is after top dollar when it comes to selling their home. There have been a lot of successful offers that may
not have been the highest, but they were the cleanest. A clean offer with pre-approved financing, especially in a multiple offer scenario, shows the seller that you
are serious. Conditional sales and offers that are contingent on financing just don’t fly when there are other offers on the table.
Discover Why So Many Sellers Trust Us With Their Home Sales
GETTING READY TO SELL?
10 STAGING TIPS TO WOW HOME SHOPPERS
Preparing any property for sale can be a daunting and often overwhelming task, even
for a seasoned investor. Whether you are living in your current investment property or
if it has been tenanted for years there are some key staging strategies that can help get
your property open house ready.
1. START WITH A CHANGE OF MIND
Too often investors/home owners become either too emotionally attached or not
attached at all. Looking at a property from a buyer’s perspective is key. Take a tour with
a staging professional & get some outside opinions on what areas you should focus
your dollars on & what’s needed to get the maximum offers.
2. MAXIMIZE CURB APPEAL
The outside should draw people inside. Neatly trimmed bushes, mulched beds, weeded
lawns all help make that crucial “first impression”. Freshly painted front doors with new
mailboxes & house numbers are easy ways to create maximum impact. Adding seasonal urns are another way to brighten up concrete steps or boring brick.
3. CHOOSE NEUTRAL COLOUR PALETTE
Bold colours are great for living, but not for selling. Stick with a warm, neutral palette
like tans, taupes & greys. Avoid dark colours, especially in small spaces (like powder
rooms). Keep the ceilings white to keep walls looking tall.
Spring is in the Air
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4. LET THERE BE LIGHT
Lighting plays a vital role & is often overlooked when getting a
property ready for sale. A minimum of a 2-bulb overhead fixture with
maximum watt bulbs can transform a dingy area. There should be
NO overhead receptacles without a light fixture! Adding ambient
lighting is essential especially in areas where there is no overhead
outlets. Table lamps & floor lamps can help brighten up any room.
5. FLOORING
This is the other main area that always increases the value of a
home. It will ALWAYS cost you less to replace worn carpet or add
new flooring then to leave it to the new home owners. Flooring is
one of the first things buyers see when they walk in. If their first
thought is “I will need to replace these floors,” I guarantee they are
discounting their offers from $5,000 to $15,000.
6. IT’S ALL IN THE DETAILS
Replace all burnt out bulbs, touch up any nicks & dents in high
traffic areas, replace torn screens & fix leaking faucets. Fresh
linens in the bathrooms, a bowl of fresh green apples on a kitchen
island, fresh flowers on a dining table or in the entrance way all
help create the impression of a well-cared for home.
7. CLEAN, CLEAN, CLEAN
This may seem like common sense, but unfortunately it’s still
the one area owners tend to try & shortcut. This is the time to
hire a professional cleaning company. Special attention should
be placed on appliances, inside & outside of cupboards,
baseboards and windows.
8. HIGHLIGHT BEST USE OF THE SPACE
Giving a room more than one function is a great way to effectively show the space. In condos this becomes essential when space is
at a premium. Using small glass desks with a stool you can tuck in
can creatively introduce a “work space.” Adding a daybed to a
den/office creates extra sleeping space.
9. KITCHENS & BATHROOMS ARE THE PLACE TO INVEST
If you have dated cabinetry, cracked & worn laminate counters,
chipped or broken tiles, consider investing in repairing &
upgrading these rooms. Consider painting cabinetry instead of
replacing them. Depending on the price point of your property it
is often worthwhile to install stone counters. If stone is not in the
budget, consider a “stone-like” laminate counter.
10. VACANT PROPERTIES SIT, STAGED PROPERTIES SELL
Staged homes sell 2 – 3 times faster & up to 6% more than
unstaged ones. Professional stagers know how to highlight the
features of your home. Remember that 79% of buyers have
already viewed your property on the MLS, make sure that your
property stands out among the competition!
DID YOU
KNOW...
?
Eating dark chocolate
every day reduces the
risk of heart disease by one third.
For Your FREE Home Evaluation, Call Peter Oddi & Sarah Oddi Today