real estate insider vol 22 2015

WHAT’S INSIDE:Interest Rates 2015: PAGE 2

Oakville • Milton • Campbellville • Acton • Rural • Halton

11 Critical Home Inspection Traps, PAGE 7January Home Maintenance Ideas, PAGE 7

YOUR SOURCE FOR REAL ESTATE INFORMATION

Volume 22

Escarpment Manchisi Realty Ltd., BrokerageIndependently Owned & Operated

When considering a refinance on your property, there are many factors to look at. You must review the advantages and disadvantages as well as your personal financial situation. Most people are scared to proceed with any large financial decisions in today’s market, but believe it or not there are many advantages involved. The Financial Forum has been through over 25 years of ups and downs in the markets and we have seen it all, that’s why our experience and knowledgeable advice can help you not only now, but to build for the future as well. Please review what we believe are the top 5 benefits of refinancing your home and feel free to contact us with any questions you may have.

5. Renovating your HomeMany homeowners have available equity in their homes and just aren’t sure if or when they should unlock it. Maybe now is the time. Refinancing your home would give you some extra cash to possibly renovate your home inside or out. New windows, finally finishing your basement, new kitchen, there are endless possibilities. Due to the current state of the economy, the government is even offering a 15% tax rebate up to $1,350 on all home renovations, which is even more incentive to get the job done. Call for more details!

4. Lowering Monthly PaymentsMaybe you don’t need to renovate your home and are not interested in unlocking equity, but we could all use a little extra cash each month. Interest rates are quite low right now, and may be substantially lower than what you are currently paying. If you were to refinance the existing balance of your current mortgage, it would most likely spell lower monthly payments and an increase in disposable income.

3. Switching From an ARM to a Fixed RateIt is hard to predict where rates are going in a market that tends to fluctuate. What better time than now to lock into a low interest rate than now when the rates are as low as they are.

2. Recovering Some Equity out of Your HomeThis can be useful on so many different levels. Maybe you are looking to invest in a property while prices are low, maybe you’re looking to purchase a new vehicle or you just want to take a vacation. Retrieving a few extra bucks from your home can help give you that extra breathing room to enjoy other luxuries.

1. Consolidating DebtThis is the number 1 reason in which a refinance can help you. It is hard to keep up with high interest credit card payments each month and some people may feel overwhelmed. You are usually better off to refinance your home and use the money to pay off these credit cards and start saving all sorts of money. How you ask? Credit card interest rates are 3 sometimes 4 times as high as a fixed rate on a mortgage. By paying off those debts, you eliminate several monthly payments and create one payment at a much lower rate. Call us today for more details on how we can assess your situation.

There are several other things to consider when making a decision as crucial as this one. The Financial Forum has over 25 years of experience in these situations and would be glad to take the pressure off your mind!

Visit www.manchisimortgages.com for more details.

Not intended to solicit persons or properties currently under contractual agreement.

Office: [email protected] • [email protected]

www.facebook.com/Manchisiteam • www.manchisiteam.com

Sales Representative & Broker of Record

Benefits of RefinancingYour Home Today

Benefits of RefinancingYour Home Today

mailto: [email protected]

mailto: [email protected]

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http://www.manchisiteam.com

Volume 22

Domenic Manchisi started his career in real estate in 1996. In addition to strengthening his experience, Domenic has dedicated himself to expand his skill set both personally and professionally which he has utilized to lead himself and his team to become the number one real estate team in Canada* and he was a top producer for RE/MAX in 2013. Domenic’s dedication to expand his knowledge has led him to pursue the following designations and certificates:

• Appraisal• Mortgage Financing• Property Law• Property Management

• Licensed Mortgage Agent• Brokers License• Real Estate Investment• IRES

Domenic has created a dominant presence as a real estate broker predominantly in the Halton Region. Domenic’s success is a result of his extensive experience in the real estate industry as well as the ability to understand the needs of his clients. His core understanding of the real estate industry has not only been recognized by clients but also by colleagues and industry leaders. Domenic has been invited as a guest speaker for Donald Trump’s Apprentice, Bill Rancic, has appeared with The Dragons Den Wealthy Barber, has participated in expert panels at the National Association of Realtors (NAR), has made the cover of several magazines and has won many awards across North America for the work he and his team have achieved.

Domenic currently lives in Milton with his wife and business partner, Jody Manchisi, and their two children.

*For Prudential Canada 2008-2011

Stability • Experience • Relationships

About Domenic Manchisi

Member of theCross Canadian Referral Network


Escarpment Manchisi Realty Ltd., BrokerageIndependently Owned & Operated www.manchisiteam.com

DomenicMANCHISI

[email protected] of Record

JodyMANCHISI

[email protected] Representative

MickeyGALEKOVIC


DesmondWATSON


AprilMURPHY


Pooja [email protected]

Broker

If you’re thinking of buying a home next year, you’ve likely spent some time thinking about interest rates and how they will affect the affordability of real estate. You are fortunate to be considering a home purchase at this point in time while interest rates in Canada remain at historically low levels. Most young homeowners today can’t even fathom what it was like to buy a home in the 80’s when interest rates ranged from a jaw-dropping 10 to 20 percent!

There are two types of interest rates when it comes to home buying. As the name suggests, fixed rate mortgages offer an interest rate that remains the same throughout the term. A variable interest rate fluctuates with your lending institution’s prime interest rate. This means that your payment will remain the same every month, but if the prime rate goes up, a greater percentage of your payment will go towards interest and if the prime rate goes down, more of your payment will go towards the principle.

So, what’s in store for 2015? In September 2014, the Bank of Canada announced that it is “maintaining its target for the overnight rate at 1 per cent.” Looking to 2015, the report also stated that “the Bank remains neutral with respect to the next change to the policy rate: its timing and direction will depend on how new information influences the outlook and assessment of risks.” It’s a sort of ‘wait and see’ situation.

Many economists do agree that a rate increase is in store during 2015. According to the Organization for Economic Co-operation and Development (OECD), it looks as though interest rates will go up in late May 2015 and will continue to rise steadily there after. Recently RBC economists suggested that the current rates are “unsustainable” and also predicted that interest rates would rise by the end of the year.

So what does this mean for home buying? It could be a very, very hot spring real estate market! Don’t waste time in the first half of the year humming and hawing over a home purchase. You could save thousands of dollars over the course of your mortgage if you obtain financing before any significant interest rate hikes occurred.

What’s in store for interest rates in 2015?


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FEATURED HOMES

Volume 22


to get your home sold, call us now! Office: 905.875.4594Escarpment Manchisi Realty Ltd., BrokerageIndependently Owned & Operated

FOR SA

LE

$749,900800 Bessy Trail“Beautiful Mattamy 46 foot wide lot energy star landscaped home, in desirable Coates Crossing. 7 years, 2,760 square foot with curb appeal and wraparound porch. This pleasing floor plan features a living room with french doors and 2 large picture windows perfect for home office! Kitchen includes pot lights, backsplash, movable centre island, granite, lots of maple cupboards. Dining room with coffered ceiling, pillars, and light sconces. South-facing backyard for maximum light pours through the 8 foot patio doors, leading to large deck and fence pergolas. Spacious family room with upgraded maple hardwood. Master suite with double doors lead to walk-in closet and ensuite with 6 foot jetted tub. Convenient 2nd floor laundry with sink. 2nd floor computer nook overlooks the living room. Partially finished lower level awaits your finishing touches and offers large 2-piece washroom. No cost to you roof solar panels earn $$$ each year (see feature sheet for details). Parking for 4 cars on driveway no sidewalk. Walking distance to schools, parks, amenities, transit, convenience plaza, walk-in clinic, and Symposium Cafe (Voted best neighbourhood restaurant in Milton)”

FOR SA

LE

FOR SA

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$289,90095 Wilson Street, #308Beautiful 2 bedroom unit less then 1 year old! Open concept design with good size kitchen, offering granite counters and built-in microwave! Very bright unit with 9 foot ceilings and full sized balcony with 2 walk-outs from living room and master bedroom! 4-piece bath with granite counters. Ensuite laundry with stackable washer and dryer. Upgraded laminate flooring throughout the unit. Building offers BBQ and picnic area. Level garage with openers and 1 parking space.

FOR SA

LE

$549,90056 Robert StreetLocation location!! In the heart of Milton, short walk to fairgrounds and downtown situated on a huge corner lot. This home has plenty to offer. 3 separate living areas. Legal duplex with basement apartment. Unit 1 - 3 bedroom 2 level home with living room, large kitchen and updated 4-piece bath. Unit 2 - 2 bedroom one level home with large eat-in kitchen, large family room with walk-out to deck. Separate dining room and 4-piece bath. Unit 3 - lower level apartment with above grade windows. Large kitchen (needs some finishes), living room, 2 bedrooms, and 4-piece bath. Lots of parking with 2 driveways and a huge backyard.

SOLD

106 Hanson CrescentBeautiful town home with pond across the street, no houses across, and quiet area. Exquisite open concept floor plan offering hardwood flooring and staircase. Large foyer with garage access. Updated family sized kitchen with stainless steel appliances, backsplash and granite counters. Spacious 2nd floor with computer nook. Large master bedroom with walk-in closet, 4 piece ensuite bathroom with soaker tub and large glass shower stall. Shows 10+! 2 car parking in driveway - No Sidewalk!



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1578 Clark BoulevardVery well maintained 3 bedroom home situated on a pie shaped lot in Hawthorne Village a Mattamy build. Open concept home with eat in kitchen, bay window, 9 foot ceilings, main floor repainted, upgraded garage door with inside entry. Spacious bedrooms with, master with 5-piece ensuite with separate shower and soaker tub. 2nd floor laundry! Walking distance to schools and parks.

FOR SA

LE

$749,90014 Elliott StreetGorgeous century home renovated to perfection with impeccable craftsmanship in every room. Elegant 9.6 foot Ceilings and classic mouldings. Double sided stone fireplace. Stunning custom kitchen with porcelain floors, granite counters, custom island and walk-out to yard. Main floor powder room and garage access. Hardwood floors and gorgeous hand scraped, scratch resistant flooring throughout! Master retreat with 5-piece bathroom. Amazing basement with lots of storage and 3-piece bathroom. Every corner of this home with high-end finishes. Dream location, walk to downtown amenities and go!

FOR SA

LE

$409,90036 John Street SouthAbsolutely beautiful immaculately maintained two-story three-bedroom home located in the center of Acton. Large eat-in kitchen with custom maple cabinetry located off the large family room. Walk out to deck from kitchen private yard with large storage shed. Three bedrooms located on the upper level including a large master bedroom with vaulted ceiling and lots of windows allowing natural sunlight. Gas hook up for barbecue, antenna on house for TV along with Cogeco access. Fully finished basement with gas fireplace above grade windows and 4-piece bath, 2 car parking on driveway shows +10.

FOR SA

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$4,900,00013268 Fifth LineExquisite 1840’s re-finished home with all of todays modern finishes still keeping the old age charm, situated on 95.25 acres. Spacious 4 bedroom 3.5 baths, 3 fireplaces, Gorgeous hardwood floors, High baseboards and large wood trim, crown mouldings, galley kitchen with stainless steel appliance. Formal dining room, main floor family room and 2nd floor family room. Large separate living room. Master bedroom addition above garage offers a 5-piece ensuite, walk-in closet, gas fireplace and walk-out to balcony with stunning views of the pond and property. Large mud/laundry room, heated and air conditioned finished garage. 1,400 square foot barn with loft and oversize double car garage. Geo thermal heating/cooling, silo with spiral staircase and views that are spectacular. Feature sheet available upon request for more details.

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Volume 22FO

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$450,000267 Centennial Forest DriveSought after Drury Park neighbourhood! 2 Bedroom 2 bath bungalow. Very well maintained home, open concept layout with dining/living room combination. Eat-in kitchen with walk out to yard. Corner lot with terrific curb appeal and front porch. Main floor laundry room with closet. Garage access from foyer! Master bedroom offers a 4-piece ensuite bath.

FOR LE

ASE

$1,5506540 Falconer Drive #136End unit town home close to Highway 401 and amenities. 3 bedrooms, master with semi ensuite. Main floor offers a living room with walk-out to large fully fenced yard. Separate dining room located off the kitchen. Finished lower level with 3 piece bath and 4th bedroom/office.

SOLD

706 Shortreed CrescentLarge corner lot 3 storey 1,350 square foot Mattamy build with front porch, 3 spacious bedrooms plus a den would be great for use as an office. California shutters and fresh paint throughout the home. Separate dining area with walk out to balcony also over looking kitchen, great for entertaining. Lovely home just move in and enjoy, close to parks and schools!

SOLD

77 Whitmer StreetVery bright and spacious end unit town home, feels like a semi! Large foyer with garage access. Huge family sized upgraded kitchen with stainless steel appliances and quartz counters all overlooking the family room. Family room offers hardwood flooring and walk out to yard. Main floor is an open concept design with 9 foot ceilings. Hardwood staircase leads to the 2nd floor which includes a large master bedroom with a walk-in closet and huge master ensuite with separate glass shower and soaker tub. Freshly painted and ready for you to move in!

CALL TODAY905-875-4594

FIND OUT WHATYOUR HOME IS WORTH

ONLINE VISIT

www.manchisiteamhomeevaluation.com

OPEN HOUSES VISIT

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Milton• 2 Storey - 61 Available Starting at $429,000• Bungalow/Backsplits - 27 Available Starting at $389,900• Towns/Semis - 19 Available Starting at $349,900• Condo Towns - 3 Available Starting at $299,900• Apartments - 11 Available Starting at $259,900

Acton• 2 Storey - 11 Available Starting at $315,900• Bungalow/Backsplits - 7 Available Starting at $349,900• Towns/Semis - 1 Available Starting at $174,900

CALL US TODAY FOR ANY OF THESE HOMES - 905-875-4594HOMES FOR SALE• Condo Towns - 2 Available Starting at $234,900• Apartments - 0 Available

Campbellville/Brookville • 2 Storey - 11 Available Starting at $825,000• Bungalow/Backsplits - 5 Available Starting at $399,999

Rural• 2 Storey - 18 Available Starting at $689,900• Bungalow/Backsplits - 11 Available Starting at $399,900

We would like to thank you for the dedication you showed during the purchase of our first home. From the moment we came to meet you, you understood what our priorities and time constraints were, and went on to pursue a clear-cut plan of action.

Although our actual search lasted 1 day, it was quite an experience. We were very impressed with the commitment, enthusiasm and professionalism you showed that night, negotiating until almost midnight on a Saturday evening!

We are very pleased to be able to write this letter as a testimonial to future home buyers, especially first time home buyers, who may be unsure or intimidated by the process. We were very impressed with the level of expertise the Manchisi Team possesses, and the dedication and efficient work ethic you show. We were never pressured, and never felt like we were being “talked” into any decision that we made.

Be assured that Domenic and the Manchisi Team will do what it takes, to make your dream of owning your perfect home a reality.

We will highly recommend you and your office to others who are in need of real estate professionals.

Sincerely,

Steve and Olenka

TESTIMONIAL OF THE WEEK

More information is available via email [email protected]

If you love to work with clients, are driven to succeed and committed to a successful year,

we would love to talk to you.

We offer a great work environment,training and leads.

The Manchisi Teamis Seeking

Sales Professionalsto join our

TOP PRODUCING TEAM



Volume 22

905-876-4788905-876-4788555 Main Street East, Milton, ON

Mon-Fri: 8:00 am-6:00 pmSaturday: 8:00 am-3:00 pm

www.jdtire.com

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NSW

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Source: ©Web Sudoku 2015 - www.websudoku.com

SUDOKU




HALTON – According to industry experts, there are over 33 physical problems that will come under scrutiny during a home inspection when your home is for sale. A new report has been prepared which identifies the eleven most common of these problems, and what you should know about them before you list your home for sale.

Whether you own an old home or a brand new one, there are a number of things that can fall short of requirements during a home inspection. If not identified and dealt with, any of these 11 items could cost you dearly in terms of repair. That’s why it’s critical that you read this report before you list your home. If you wait until the building inspector flags these issues for you, you will almost certainly experience costly delays in the close of your home sale or, worse, turn prospective buyers away altogether.

In most cases, you can make a reasonable pre-inspection yourself if you know what you’re looking for, and knowing what you’re looking for can help you prevent little problems from growing into costly and unmanageable ones.

To help homesellers deal with this issue before their homes are listed, a free report entitled “11 Things You Need to Know to Pass Your Home Inspection” has been compiled which explains the issues involved.

To order your free copy of this report visit: www.haltonhomeinspectionpitfalls.com

This winter has been a brutal one in the Halton Hills area and we are all ready for spring to poke its head up and for the sunshine to come out! Before you start getting too happy and running out the front door, we all must make sure that we do a quick maintenance check to make sure that we don’t have any substantial damage during this hard winter. We want to share some tips that will ensure your home stays in the best shape possible.

After every storm, get outside and walk around the house! You know that you need the fresh air anyways. Look for any broken tree limbs or possible damage to the roof. Look for loose or missing shingles. If you can’t see the whole roof, get a ladder. It is better to check and make sure that the roof is OK than to assume it isn’t and you start getting water in the house.

Inspect the vulnerable pipes both inside and outside the home. It only takes one-eighth of an inch crack in a pipe for it to leak over 250 gallons of water a day. That is a lot of water in your home. As a homeowner, it might be a good idea to start checking your pipes at the beginning of winter and ensure that they are properly insulated. That will give you peace of mind through the wintertime.

For leak prevention, you can purchase a few battery-powered leak alarms, also called flood alarms, around the house near the refrigerator, dishwasher and laundry appliances and behind toilets. They cost about $10 - $15 each.

When you are outside, look for any cracks where mice and rodents might be trying to enter the home. If you see any evidence of activity, seal the cracks where they might try to enter. Make sure you empty the trash often. Keep food properly stored and keep your counters clean. You do not need any invitation extended to household pests.

At least once a year, take an inventory of your home, its condition the valuables that you have. It is always a safe idea in case something happens whether it is a fire or a theft. You can use this list to substantiate to the insurance company what was destroyed. It does not have to be fancy and you can always add a video or pictures. It is better to be prepared than to not be.We are here to assist you and answer any questions that you might have.

Call us directly at:905-875-4594 or 905-639-7676, or if you would rather send us an email, [email protected]

We have more educational information on our website:www.manchisiteam.com. If you like this article, let us know! You can also “like” our Facebook page. We are always posting additional helpful information for you.

Volume 22

Critical Home Inspection Trapsto Be Aware of before

Listing Your Home for Sale

Critical Home Inspection Trapsto Be Aware of before

Listing Your Home for Sale

http://www.haltonhomeinspectionpitfalls.com

“Your Connection to a Better Mortgage”Not intended to solicit buyers or sellers currently under contract with brokerage.Lic. # 10505

Together we makeMORTGAGES EASY

CALL US FOR ALLYOUR MORTGAGE NEEDS



Volume 22

LET US DO THE SHOPPING FOR YOU!FREE service with no obligation, find out how we can help! Learn how you can use your existing equity as an investment!

THINKING OF CONSOLIDATING DEBT?WE DO FIRST AND SECOND

MORTGAGES, CONSOLIDATE DEBT, AND REFINANCING

DomenicMANCHISI

[email protected] of Record

[email protected]

Sales Representative

[email protected]

Sales Representative

DesmondWATSON


AprilMURPHY


Pooja KAUSHAL

[email protected]

CALLDomenic Manchisi | Mortgage Agent (Lic. # 10505)

FOR YOUR MORTGAGE APPROVAL


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real estate insider vol 22 2015

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