Buying a Home Is a Very Exciting Process!

Buying a home is one of the biggest decisions you can make in your life.

It can be an exhilarating experience, but it can also at times be overwhelming and very confusing. There are a lot of preparations to make and costs to plan for. I can help walk you through the entire process step by step in order to alleviate some of the confusion and misconceptions.

My Goal is to help you learn:

  • How to get pre-approved for a mortgage.
  • An understanding of how important being pre-approved is
  • Tax Credits you might not know about.
  • Steps to finding your dream home.
  • Establishing a great relationship with a professional Real Estate agent (Me).
  • What to include when making an offer.
  • Closing costs to plan for.

 

Contact me Today to find out more information

SCOTT ROY 

RE/MAX JAZZ Inc. Brokerage

21 Drew Street, Oshawa, Ontario

(905) 728-1600

(905) 435-7355 Direct 

Scott@lifeindurham.com

Port Perry, Open House – Sunday May 25th @ 2pm

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OPEN HOUSE SUNDAY MAY 25th, 2014 from 2-4 p.m. 

I will be hosting an Open House this Sunday May 25th from 2 – 4 at 39 Castle Harbour in Port Perry, Ontario. This is a Wonderful 2 + 2 Bungalow in an exclusive enclave of executive style homes in Port Perry.

Completely renovated from top to bottom; Includes a Gorgeous Chef Inspired Kitchen with Soapstone

5 Piece Bathroom
5 Piece Bathroom

Counters and Upgraded Kitchen Aid Stainless Steel Appliances. There is also a fantastic 5 piece semi en-suite with a modern claw foot tub, dual sinks and Separate Glass Enclosed Shower.

Completely Finished basement includes 2 Bedrooms, 3 Piece Bathroom, Rec. Room and Home Gym + Plenty of Storage.

Almost everything has been renovated or improved in this home.

There is a massive 2 car garage with direct access to the home and the 1.43 acre property is a well maintained mix of mature trees and level grass areas with ample room for a pool and still maintain the mature forest setting on the western edge of the property.

Virtual Tour 

Join Me on Sunday May 25th from 2 – 4 p.m. for a tour of this wonderful home and property in one of the most desirable neighbourhoods, Castle Harbour on the northern edge of Port Perry.

 

If you can’t make it Sunday please contact me directly to book a private showing at your convenience.

 

SCOTT ROY 

RE/MAX JAZZ Inc. Brokerage 

(905) 728-1600 Office

(905) 435-7355 Direct

Scott@lifeindurham.com

 

 

Gorgeous All Brick Bungalow For Sale – Port Perry, Ont.

Just Listed for Sale !! treb-58

This is simply one of the nicest Bungalows in the Port Perry area – Gorgeous 2 + 2 Bedroom home with a finished basement situated on a 1.43 acre lot.

Don’t miss your opportunity to own this wonderful home. There is a marvellous chef inspired kitchen that has all of the

upgrades you can imagine; Soapstone counters and back-splash huge centre island and upgraded kitchen appliances. Beautiful eat in area has a vaulted ceiling and over looks the back yard and the fantastic stand of mature maple trees bordering the western edge of this 1.43 acre property. There is a walk out to a deck and cozy gazebo where you can enjoy your morning coffee or simply enjoy some quiet time in the evening.

The Upgrades continue into the spectacular 5 piece spa inspired bathroom where you will find a beautiful modern claw-foot tub, glass enclosed shower and 2 separate sinks set on a gorgeous granite counter. A well positioned skylight drenches this room in natural light.

 

The flooring has all be upgraded with Hardwood floors throughout the main portion of the main floor and ceramic tiles in the kitchen, laundry room and powder room. Stairs leading the finished basement have recently been updated to hardwood as well.

Along with 2 Bedrooms on the main level there is also a bedroom that has been converted to a Den or living room and a huge family room with built in shelves and a new gas fireplace. Current layout on main floor can easily be converted back to a 3 bedroom layout if needed.

  • Direct Garage Access
  • Main Floor Laundry
  • 2 Piece Powder Room off of the Kitchen
  • Gorgeous Double Door Entrance
  • Huge Foyer with new Travertine Tiles.

The upgrades and improvements don’t end on the main floor; The Basement has 2 additional Bedrooms, A Recreation Room with Gas Fireplace and an Exercise Room. There is also a newly renovated 3 piece washroom with an oversized shower. New Carpeting and flooring just installed throughout the basement making this area very comfortable and inviting.

The Lot this home is situated is equally great!! 1.43 acres provides plenty of privacy and host of opportunities. The Western edge of this huge lot has a huge stand of mature Maple Trees that are tapped in the spring for Maple Syrup.

If you would like additional Information on this property or to book your own private tour, please don’t hesitate to contact me.

SCOTT ROY

RE/MAX JAZZ Inc. Brokerage

(905) 728-1600

(905) 435-7355

scott@lifeindurham.com

 

 

5 Things to Know When Selling a Home by Yourself  

This is another great article written by Mark Weisleder, Mark is a GTA Real Estate lawyer who also does some guest speaking at seminars and is an Author as well. I find Marks comments and insight to be very helpful to both buyers and sellers. He also has a much better way of articulating the finer points so I bring to you one of his better articles on selling a home by yourself.

Article by Mark Weisleder: 

In the May 12, 2014 Toronto Star business section, 2 articles were presented on the merits of selling a home by yourself. In one article, Robb Engen wrote about the benefits of using a For Sale By Owner company. I wrote a separate article about why sellers need an experienced agent to get the best price. I am attaching my own article as well as a link to Robb’s article on the Toronto Star website. Please feel free to email me or the Star with your comments about both of these articles. I look forward to your feedback.
I happen to believe that in most cases you will be better protected and make more money selling your house if you use an agent.

Here’s why:

You don’t have to pay up-front: Do-it-Yourself marketing companies are not real estate agents. You usually pay $1,000-to- $2,000 up front, for pictures, videos and to have your home listed on the MLS system. However, you get no money back if your home doesn’t sell. With a real estate agent, if your home doesn’t sell, you pay nothing, even though the agent may have spent a lot of time marketing and using all of their own and their company contacts to sell your home.

A bidding war is unlikely: Bidding wars are the norm in the GTA and other parts of Ontario. In virtually all cases, the home is sold by a real estate agent. The reason is that it takes experience to price the home properly. Second, the process is fair because no one knows what anyone else is bidding. With a private seller, there is no duty of confidentiality, so the seller can tell one buyer what another buyer is bidding. Buyers do not trust the process so there is no bidding war.

You negotiate on your own: When you do it yourself, it is difficult to know what a fair price is for your home. You might have to pay an appraiser to find out. When a buyer hears that you are saving commission, they will want to split the savings. So you don’t get all the commission savings and you also have to negotiate with a buyer who is likely represented by a real estate agent. This agent will use all their experience to figure out how low you will go, while giving nothing away about their own buyer.

Not knowing your obligations: Sellers cannot rely on the term “Buyer Beware.” You have to disclose problems with your home and you cannot hide or cover up anything. Otherwise, you can still be sued after closing. Who wants a court fight long after you move?
Lenders are more cautious when they see a private deal: I have seen deals collapse this way. In one case, the lender sent their own appraiser because they were concerned the buyer paid too much money. The appraiser agreed and the buyer’s loan commitment was cancelled. The deal died.

In another case, the seller was worried the buyers did not have proper financing. They wanted more proof about the buyer’s financial situation than the buyer was willing to give. Lawyers became involved when things could not be worked out amicably. When buyers are represented by agents, they are usually pre-qualified in advance so the seller can have comfort that they will have the money available to close the deal on time.

When you’re out for a walk this weekend have a look at the For Sale signs and see how many are represented by realtors. There’s a reason for that.

By all means, try and sell your house on your own, just beware that it’s not as easy as it looks.

Thanks Mark – Great Article !! 

More Information about Mark Weisleder:

Mark  receives many inquiries about his law practice, providing legal services to real estate buyers, sellers and investors. Working with Real Property Transaction Centres, He is able to close real estate transactions throughout the GTA. If you require any assistance on a transaction that you are working on, please contact Mark at mark@markweisleder.com

If you or your clients are looking for a written quote for all legal services, please visit www.realproperty.ca and search under “How much does it cost” or contact Suzanne at 1-877- 219-9618, ext. 231.

 

Highway 407 Construction Pictures

407 Construction Progress

Everyday I drive past, through or around the various construction sites for the new 407 extension over to Harmony Rd. in North Oshawa. As a Child I took every opportunity to watch major construction projects and this project is no different. Construction on this scale is simply amazing and I am blown away by not only the planning that is required,  but the precision these projects are completed with.

I know not everyone agrees with how this highway is being built or where it is being built but I am not the person to argue the environmental impact or whether the project should be completed or even built. I simply appreciate the process and look at how these types of projects will have a positive impact on the people that live here.

Recently I heard that average house prices in Toronto have climbed to almost $1,000,000 dollars – I think when this extension is completed it will have people looking to Durham Region as more reasonable place to live and raise a family and that kind of progress is good.

Hope you enjoy the pictorial update of the construction on the 407 extension. One of these days (maybe in 30 years) we will look back at these pictures and be amazed at what the area used to look like. The same way I am always captivated by photos taken in the 1950;s in area of Toronto now known as Warden and Eglinton and all you can see are 3 small buildings and farmers fields for as far as the eye can see to the east.

Scott Roy Sales Representative

RE/MAX JAZZ INC. BROKERAGE

21 Drew St. Oshawa ON

(905) 728-1600 or (905) 435-7355 073860_REMAX_Number_One_3D_Chrome_RGB

7 things to remember when choosing a closing date

Quite often in any real estate market, spring tends to have more people signing real estate deals. Most people feel that if they get a low price on their purchase, or achieved over asking price as the seller, they have secured the “Best” deal. Both Buyer and Sellers also need to think carefully when choosing the closing date, so that your deal will close smoothly. If your closing dates don’t work well, all of your savings or profits could be spent on fixing a bad closing date!

Here are 7 things to remember:

 

1. Do not choose a Friday at the end of a month. This is typically the busiest day in most real estate law offices, especially in the summer. This results in many deals not being able to close until late in the day, close to 5 or 6 pm. Worse, if the deal has to be extended, you don’t get keys until the following Monday, or maybe Tuesday if it is over a long weekend.

 

2. Close your deal on a Wednesday, if possible. If there are delays, it is much easier to manage a one day extension than an extension over a weekend.

 

3. Sellers, you need to plan to be out of your home by 3 pm on the closing day. Under most real estate contracts, sellers must turn over possession as soon as the deal is registered electronically. In normal practice, when the closing is not at the end of a month on a Friday, the deal will likely be registered by 2 – 3 pm. Vacant possession must be given to the buyer at that time. There was a case where a seller had to compensate a buyer for increased moving costs when they were late getting out of the home.

 

4. If you are buying and selling a home in the same time period, close your purchase 2 days early and get bridge financing to assist you. You will close your deal without pressure and have a few days to move in while you wait until your sale closes. This will also make it much easier to negotiate an extension, if you have to, as you will not be dependent on the money from your sale to close your purchase.

 

5. Sellers, remember that you must turn the house over in broom swept condition, which means no garbage. Buyers, make sure you schedule you schedule your final visit 2 days before closing to make sure that the seller is properly cleaning up.

 

6. Buyers should not plan to move in until late in the day or the day after closing, as you do not want to have to pay extra to your movers if the closing does not happen until late in the day or the deal has to be extended.

 

7. Even if you are not moving in on the day of closing, buyers must make sure to get in and check the condition of the home on the day of closing, to make sure that nothing has been broken or damaged since the date that you signed your contract to buy. The seller typically only warrants that everything will be working on the closing date, not afterwards, so find out right away if you need to make a claim about anything after closing.

By doing your homework before choosing a closing date, you should be able to avoid pitfalls later.

 

This article was written by Mark Weisleder who is an Author, Real Estate Lawyer and Industry Speaker. He is currently with Real Property Transaction Centres located in the GTA. 

Scott Roy, Sales Representative

RE/MAX Jazz Inc. Brokerage

21 Drew Street, Oshawa ON 

(905) 728-1600 or (905) 435-7355 

scott@lifeindurham.com