real estate insider vol 23 2015

WHAT’S INSIDE:6 Things to Know: PAGE 2

Oakville • Milton • Campbellville • Acton • Rural • Halton13 Extra Costs to Be Aware Of, PAGE 75 Things to Know about Disclosure and Disclaimer Clauses, PAGE 7

YOUR SOURCE FOR REAL ESTATE INFORMATION

Volume 23

Escarpment Manchisi Realty Ltd., BrokerageIndependently Owned & Operated

It’s so much fun that Valentine’s Day falls on a Saturday this year and on a long weekend, to boot! If you’re racking your brain to come up with a unique way to spoil your true love and keep your little ones entertained, here are details about some exciting local events and a few outside-of-the-box ideas that are sure to make February 14 memorable for the whole family!

Family Fun

A solid breakfast is just what you need for energy that will sustain you all day long! Fill up at the Hungry Man Family Breakfast at the Georgetown Legion, taking place February 14 from 8 – 11 a.m. The cost is $6 per person (children under 12 half price).

If you have a budding artist in the family, sign them up for the Holiday Art Workshop in the Robert Bateman Studio at the Milton Centre for the Arts. The program is suitable for children 6-12 years of age and runs from 1 – 2: 30 p.m. Kids will create a Valentine’s-themed masterpiece that they can take home with them. Visit www.milton.ca to register.

In Oakville, the Valentine’s Super Duper Crafting Party will take place February 14 from 3 – 4:30 p.m. at the Oakville Public Library, Glen Abbey Branch. Get creative with painting, decoupage, flower-making…the sky’s the limit! Register online at www.opl.on.ca

If you have a deal-savvy shopper in the family, make your way to TERRA Greenhouses on Brittania Road for the TERRA at Home Winter Market. Shop over 50 vendors offering up locally produced food, food products and handcrafted items. This event runs from 10 a.m. – 3 p.m.

If you’re looking for some outdoor Valentine’s Day fun, Valens Lake Conservation Area will be holding an Ice Fishing Derby from 6 a.m. – 2 p.m. on February 14. Children under 12 are $15 and there will be prizes awarded, plus a special Valentine’s gift for Mom!

For some exhilarating outdoor fun, head to Glen Eden for a day on the slopes! Ski, snowboard or spend some time whizzing down the hill on tubes!

Just For Couples

The Loft at Longo’s Milton offers a variety of adult classes, teaching participants everything from how to make basic Chinese food to hearty winter soups. On February 12, it’s An Elegant Night Out, where Chef Chris Pires will teach you how to create a fabulous meal that’s perfect for date night. Spend some quality time together while learning how to prepare mushroom and asiago tarts, spice-rubbed flank steak, butternut squash puree and an elegant cheesecake with a seasonal fruit compote. Call 905-875-1186 to register.

If you love live theatre, get your tickets to One Slight Hitch, a dramatic comedy set to hit the stage at the John Elliott Theatre in Georgetown February 11 -14. Directed by Steve Provost, everything is perfectly arranged for Courtney’s wedding day. Out of the blue, her ex-boyfriend appears at the door and all hell breaks loose! Order tickets online at www.haltonhills.ca/theatre/

If you’re up for some romantic relaxation, book a couples massage at your local spa. Many locations offer special packages to pamper you both from head to toe. Blissful! Follow it up with a romantic dinner and it’s the perfect day. For the ultimate in romance, arrange to have a duo of massage therapists come to your home. They will bring all the necessary supplies, so get set for some serious relaxation in the comfort of your own home!

If you’re feeling ambitious, send your sweetheart on a scavenger hunt. Dream up a few special locations that they would appreciate and arrange to have something waiting for them there along with their next clue. Some examples include a stop at a bakery where they can pick up a sweet treat, a visit to your local animal shelter where they can help out for an hour, a visit to a cigar shop or a stop at a salon for manicure or new hairdo. Then finish it all off with a special tasting at the Scotch Block Winery or their favourite restaurant, where you will be waiting!

However you choose to spend Valentine’s Day this year, we hope you have fun creating memories with your family!

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

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

Before you get to the happy moment of getting the keys to your new house, there are plenty of stressful moments. Mark Weisleder helps you navigate the path. Here are some answers to common questions about deposits when you are buying a house.

When must a deposit be paid?In Ontario, the standard real estate contract gives the buyer two choices; you can pay the deposit immediately when you make an offer, or you can agree to pay it within twenty four hours after the seller accepts it. Most buyers prefer the second option. If you are in a bidding war, you will be encouraged to come up with the deposit immediately, to show good faith to the seller.

Can the buyer get out of a deal by refusing to pay the deposit?No. Once the deal is accepted, you can’t change your mind. If you do, the seller can sell the property again and if he gets less money than you were going to pay the seller can sue you for the difference, plus legal fees.

What happens if the deposit is paid late?The seller has the right to cancel the deal. This is because all time limits matter in a real estate contract and if you are late, even by a few minutes, the seller can try and cancel. I have seen this happen many times, especially when the seller knows that there is another buyer out there who will pay more money. If you need more time to come up with your deposit, say so in your offer.

How much should a buyer pay as a deposit?This is a tough question, and will largely depend on where your home is located. In Toronto, deposits are now usually up to 5 per cent of the sale price. In Brampton, it is closer to 2 per cent. In some areas of Ontario, deposits can be as little as a few hundred dollars.

Why does the deposit go to the seller’s real estate agent and not the seller?If the seller goes bankrupt or disappears with the deposit, the buyer is not protected. When the deposit is held by the real estate brokerage, it is in trust and is also protected by insurance so even if the brokerage goes bankrupt, the buyer can get their money back.

If the buyer is unhappy with their home inspection, can the seller refuse to return the deposit?This happens more than you think. A deposit cannot be released unless both the buyer and seller agree. If a seller believes the buyer did not act in good faith in trying to satisfy their condition, whether it is a home inspection, financing or a condominium status certificate review, they can refuse to release the deposit. This means it stays in the broker’s trust account until a judge decides who gets it, which can take years. As a precaution, buyers should consider making two deposits in their offer, a small one of say one per cent when the offer is accepted, and a second larger deposit once the condition is satisfied.Understand the rules about deposits before you sign any real estate contract. It is expensive to change your mind later.


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

AnnaTACIAK


Volume 23

When You Make an Offer on a House You Have to Put down a Deposit,Here Are Some Things to Keep in Mind.

6 Things to Know about Real Estate Deposits

Member of theCross Canadian Referral Network

FEATURED HOMES


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

Volume 23FO

R SALE

$739,900800 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

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.

FOR SA

LE

$ 418,000 267 Woodward AvenueVery cozy two bedroom bungalow in the heart of Milton, short walk to schools and downtown. Situated on a huge lot with ample parking, terrific curb appeal with a large front porch. Lovely living room with hardwood, wood burning fireplace. Large separate dining room with bay window. Two good size bedrooms, 4-piece bathroom. Separate kitchen, family room addition with walkout to large deck, huge yard with extra parking if needed, great space for trailer or motorhome. Roof (2013), Eavestrough (2014), furnace - 8 years.

FOR SA

LE

$779,9001383 Kingsgrove PlaceWelcome to Abbey Woods, Large family home offering a spacious floor plan, large foyer entrance with garage entrance, main floor laundry room, living/dining room combination with gas fireplace, large family size kitchen with stainless steel appliances, movable island and walk-out to fenced yard. Oak staircase leads to the 2nd level, generous size bedrooms, master bedroom with walk-in closet and 4-piece ensuite bath. Finished lower level with gas fireplace, pot lights, wet bar and 3-piece bath. Fenced yard with a gazebo!

Volume 23SO

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36 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

LE

$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.

FOR SA

LE

$234,900 6 Rosebank DriveTerrific 1 bedroom plus den condo unit, located steps to Highway 401. Gorgeous building offering conference room, party room, billiards, gym and BBQ area. Some amenities are located in the sister building 8 Rosebank. Good size unit with good size kitchen offering stainless steel appliances and granite counters. Open concept kitchen overlooking the eating area and living room. Walkout to balcony with north views. Spacious bedroom with large window. Open den can be used as office or dining area. Ensuite laundry and 4-piece bath. Concierge service in building. 1 parking spot underground. Close to all amenities.

facebook.com/Manchisiteam



SOLD

267 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.

Milton• 2 Storey - 65 Available Starting at $439,900• Bungalow/Backsplits - 27 Available Starting at $379,000• Towns/Semis - 27 Available Starting at $372,990• Condo Towns - 4 Available Starting at $269,900• Apartments - 15 Available Starting at $269,000

Acton• 2 Storey - 12 Available Starting at $315,900• Bungalow/Backsplits - 9 Available Starting at $349,900• Towns/Semis - 1 Available Starting at $174,900• Condo Towns - 0 Available • Apartments - 0 Available

Campbellville/Brookville • 2 Storey - 10 Available Starting at $795,000• Bungalow/Backsplits - 5 Available Starting at $399,999

Rural• 2 Storey - 19 Available Starting at $689,000• Bungalow/Backsplits - 10 Available Starting at $399,900

CALL US TODAY FOR ANY OF THESE HOMES - 905-875-4594HOMES FOR SALE

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.



Volume 23SO

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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!

TESTIMONIAL OF THE WEEK

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NSW

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

SUDOKU

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



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

Volume 23

Hi Domenic

I am very pleased with the services provided by you and Jody.

To anyone reading this, I will say that I had interviewed 3 real estate agents and I liked Domenic’s presentation the best. I liked how Domenic worked with me in detail, on renovation costs required to my dated house and the sales of comparable homes, to determine a fair price for my house. Domenic explained for each room how I should de-clutter them. Jody took some very professional looking pictures of my house. I had two offers by the second day and sold my house for a little over asking.

Thanks again Domenic,

Doug

Have You Heard the News?November 2014 marked quite a special milestone for the Manchisi office.

Working with RE/MAX Escarpment Realty Inc., one of the country’s largest brokerages, has been of the utmost value to us. So much so that we decided to create an affiliated brokerage named RE/MAX Escarpment Manchisi Realty Ltd.

We’re very excited for the plans we have for the future and the new team members whom you’ll be hearing about very soon!

The all-star service you’ve come to expect from the Manchisi Team will never change. We are committed to your buying and selling happiness and as you know, we love what we do! Our years of experience in the industry hasn’t lessened our enthusiasm, only increased our passion for the industry and our dedication to our many loyal clients.

We thank all of our past clients, family and friends for helping us along our journey. Real estate is an exciting industry to be in and we are looking forward to serving our clients for many more years.

Your real estate experts,

Jody and Domenic Manchisi

CALL TODAY905-875-4594

FIND OUT WHATYOUR HOME IS WORTH

ONLINE VISIT

www.manchisiteamhomeevaluation.com

OPEN HOUSES VISIT

www.manchisiteam.com



Extra Coststo Be Aware

of beforeBuying a Home

HALTON – Whether you’re looking to buy your first home, or trading up to a larger one, there are many costs – on top of the purchase price – that you must figure into your calculation of affordability. These extra fees, such as taxes and other additional costs, could surprise you with an unwanted financial nightmare on closing say if you’re not informed and prepared.

Some of these costs are one-time fixed payments, while others represent an ongoing monthly or yearly commitment. While not all of these costs will apply in every situation, it’s better to know about them ahead of time so you can budget properly.

Remember, buying a home is a major milestone, and whether it’s your first, second, or tenth, there are many small but important details, not to mention stress and excitement, to deal with during the process. The last things you need are unbudgeted financial obligations in the hours before you take possession of your new home.

To help homebuyers understand what these extra costs are, and in what situations they may apply, a free industry report has been prepared called “13 extra Costs to Be Aware of Before Buying a Home”.

To order your free copy of this report visit: www.13extracosts.com

The Real Estate Council of Ontario did a survey of first time buyers in Ontario and found that one of the top issues that buyers had was they wished they understood the real estate contract and the process involved in buying a home a lot better, before they bought their home. Here are 5 things to know so that you will not be surprised either before of after closing.

1. How much is the bank really lending me?

When you go to your lender to arrange financing, many buyers wrongly assume that if you are borrowing $300,000, then that is the amount you will receive on closing. Not true. In many cases, the lender may deduct a mortgage processing fee, which can be approximately $250. If the lender is paying your property taxes, they may deduct an amount right off the top in order to create a tax account for you, sometimes up to an additional $1,000. If you closing is for example April 10th, 2015 and your first payment is June 1st, 2015, then the lender may deduct in advance interest from April 10th 2015 to May 1st 2015. Finally, if you are using CMHC or Genworth to obtain insurance for your mortgage, for example if you do not have 20% of the down payment, then not only will the premium be deducted on closing. Buyers often tell me that the PST charge was not explained to them by anyone. Ask your mortgage broker or lender in advance about all of these potential charges so you are prepared for what you will have to bring on closing.

2. What does “more or less” mean when they are discussing the frontage and depth of a property, or the square footage?

What this means is that if there is an error in the dimensions or square footage up to 5%, a buyer can typically not complain about it after closing. If the boundary lines matter to you, make the deal conditional on your receiving an up to date survey that demonstrates the actual boundary lines. If the square footage matters, arrange to hire a professional to measure it for you. Most offers contain a disclaimer that the seller does not warrant anything anyways so you need to protect yourself if this matters to you.

3. The seller told me the counter tops were made of granite but I found out later they weren’t; can I sue after closing?

The answer is usually no, since the fine print indicates that if it is not in the Agreement, it didn’t matter to the buyer or the seller. Therefore, if anything about the property does matter to you, whether it is any feature or item contained in a listing, be sure to include it in your agreement of purchase and sale as well.

4. I bought and sold my home on the same day. Even though I was packed up at 1pm, I could not get into my new home until 6pm, meaning that I had to pay the movers for an extra 5 hours. Can this be avoided?

This can be a real problem, especially at the end of the month. The safe way to avoid this is to close your purchase a few days earlier and obtain bridge financing so that you can move when it is convenient for you. The interest you will pay to do this is much less than what you will pay movers to wait around.

5. I don’t agree with the terms of the furnace rental contract. Can I just cancel it?

Unfortunately, the answer is usually no, unless you are prepared to pay a penalty. In the fine print, the buyer agrees to assume every rental contract that is disclosed. Before you sign, ask for the details of any rental contract in advance so that you are aware of what it will cost to either assume the contract and continue making the payments of the cost to cancel it after closing.

When you understand the fine print and the process before you sign and real estate agreement, you should not receive unwelcome surprises later.

Article courtesy of Mark Weisleder

Volume 23

Things to Know aboutDisclosure and Disclaimer Clauses



Volume 23

“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

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

CALLDomenic Manchisi | Mortgage Agent (Lic. # 10505)

FOR YOUR MORTGAGE APPROVAL

DomenicMANCHISI

[email protected] of Record

[email protected]

Sales Representative

[email protected]

Sales Representative

DesmondWATSON


AprilMURPHY


Pooja KAUSHAL

[email protected]

AnnaTACIAK


real estate insider vol 23 2015

Documents

outdoor valentines day

valentines day falls

valentinesthemed masterpiece

special valentines gift

courtneys wedding day

hungry man family breakfast

family funa solid breakfast

milton centre